 Armenia: Services grew by 25% in 2022 through May June 27, 2022 - 18:47 AMT PanARMENIAN.Net - Economic Activity Index (EAI) in Armenia registered a 10.2% year-on-year growth in 2022 through May, the Ministry of Economy reports. Growth was particularly strong in non-traded services (24.9% yoy) and construction (up by 11.4% yoy). Trade also picked up to register 8.9% yoy growth in the reporting period, while industrial output grew by 1.2% . Both exports and imports of goods grew significantly, by 27.5% and 42.2%, respectively, and the goods trade deficit widened by 31% yoy in April. The World Bank said earlier that Economic growth in Armenia picked up in April to 8.8% year on year (yoy) from 6.7% yoy in March.   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 PACE wants concessions from Azerbaijan to accept Baku back  A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). |
