Economy

Armenia’s Deputy Prime Minister, Mher Grigoryan, stated during a conference organized by pro-Western extra-parliamentary forces that before withdrawing from the Eurasian Economic Union and severing economic and trade ties with Russia, it is necessary to thoroughly assess the consequences of such actions.

The International Monetary Fund’s (IMF) latest report indicates that Armenia’s economic growth will gradually decline in the medium term, reaching an annual rate of 4.5%.

In January-October 2024, Armenia’s mutual trade turnover with the UAE amounted to $4.8 billion. This was reported by Secretary of the Security Council Armen Grigoryan on December 17 during a meeting with Anwar Gargash, Diplomatic Advisor to the President of the United Arab Emirates.

In the third quarter of 2024, road sections with a total length of approximately 251.5 km were registered and videorecorded. The registration and videorecording were carried out by the staff of the Registration and Program Development Department of the Road Department Foundation.

Armenia’s trade turnover with the EAEU has surpassed $11 billion in the first 10 months. This was announced by the Deputy Minister of Economy, Narek Hovakimyan. He noted that when Armenia joined the EAEU in October 2014, exports to EAEU countries amounted to $300 million. This figure has increased about 35 times over the 10 years.

The Competition Protection Commission has fined 4 gasoline purchasing companies over 1 billion drams for engaging in anti-competitive agreements

Families of Missing Persons Will Continue to Receive 300,000 AMD Support for November-December. The Decision Was Made During the Government Session on December 12.

Armenia ranks second among CIS countries in terms of U.S. tourist visa application rejections. This information was published by the U.S. Department of State.

In January-September 2024, the average nominal and real monthly wages (adjusted for the consumer price index of goods and services) increased in all EAEU member states compared to the same period in 2023.

Since November 25, the price of the dollar has significantly increased. If in November the maximum buying rate for the dollar was 386 AMD and the selling rate was 393 AMD, by December 6, the maximum buying rate reached 397 AMD, while the minimum selling rate rose to 404 AMD.