Armenia’s mining industry soars 50,4% in 2015: reportFebruary 2, 2016 - 18:12 AMT PanARMENIAN.Net - The year 2015 saw a significant drop in a number of vital economic indicators in Armenia: exports decreased by 3,9%, imports fell by 26,5%, with the domestic trade turnover shrinking by 8%. Although these developments left a negative impact on almost all sectors of the country’s industry, some branches managed to register dramatic growth, Armenia’s National Statistical Service said in a report. The volume of industrial production in January-December 2015 amounted to AMD 1327 billion, up by 5,2% from the year-earlier period. Production in 2015 amounting to AMD 221 billion, Armenia’s mining industry accounted for the major part of overall industrial production, climbing 50,4% against the 2014 results. Manufacturing, on the other hand, dropped 5,6% to total AMD 821 billion. In particular, food production fell by 9% to total AMD 288 billion, beverage industry dropped 19.7% to AMD 102 billion, while electrical equipment manufacturing declined by 32.4% to about AMD 4,7 billion. Against the backdrop of this general slowdown, manufacturing of tobacco products has increased by 49.1% to AMD 94 billion, with production of jewelry also soaring 61% to over AMD 18 billion. Also, furniture industry, pharmaceutical manufacturing, as well as production of chemical substances and chemical products have grown considerably. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |