  Armenia economic activity shrank 4.9% during March April 27, 2020 - 17:11 AMT PanARMENIAN.Net - Economic activity in Armenia shrank by 4.9% in March year-on-year, data from the National Statistical Service reveals. Economic activity in the country has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. In the reporting period, construction and trade declined by 26.2% and 9.9%, respectively, while the industrial sector contracted by 14%. Foreign trade turnover decreased by 16% year-on-year, exports were down by 17․2%. Armenia has extended the state of emergency in the country by May 14 and restricted the movement of citizens. So far, 1808 cases have been reported in the country, 848 people have recovered, 29 have died from the virus.   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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
