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Armenia exports and imports up by 22% and 18.5%

Armenia exports and imports up by 22% and 18.5%

PanARMENIAN.Net - Armenia’s foreign trade turnover amounted to around $1.67 billion in January-April 2016, rising by 19.4% against the same period last year, the country’s National Statistical Service reports.

The exports totaled $512 million in the reporting period, up by 21.7 % against the same period in 2015, while imports amounted to $1.15 billion, increasing by 18.4%.

The negative balance of trade thus amounted to $644.1 million.

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“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
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