The National Statistical Service of Armenia has introduced the current-operative preliminary main macro-economic indicators characterizing the socio-economic situation of Armenia. Decline was registered in the construction field and consumer price index. Construction volume decreased by 13,8% compared to the same period of the previous year.
In January 2017 operations in the territory of Armenia through payment cards issued by Armenia’s trade banks and foreign banks comprised 2 million 97.9 thousand operations, total of which amounted AMD 83.4 billion. Information was provided in Annual Bulletin of the Central Bank of Armenia (CBA) for January 2017.
Several entrepreneurs stated that smooth holding of the upcoming election and peaceful transfer to parliamentary system will greatly contribute to the further involvement of the Russian capital in Armenia’s economy by this leaving a positive impact on Armenia’s international rating
The requirement of mandatory audit for big companies is coming back, i.e. big companies will have to publish their reports after they are inspected by an independent auditor. This is a rather crucial event in the economic life, which remained in the shadow of pre-election turmoil.
“Currently we’re discussing the issue of creating a centralized machinery park and providing service to small economies, which don’t have the opportunity to purchase agricultural equipment,” the Minister said.
“Armenia plans to construct high voltage power line next year which will allow the RF to export electricity to the Iranian market by power exchange transactions,” Miller said. He also stated that the modernization of the 5th energy block of Hrazdan Thermal Power Plant.
“Russia is Armenia’s largest natural gas supplier,” Putin added. Putin also referred to cultural and educational relations between Armenia and Russia. “Nearly 5.5 thousand Armenian citizens study at Russian higher educational institutions over 1500 of which at the expense of Russia’s state budget,” he said.
This election campaign differs from the previous ones. It varies not only by amended Constitution, but by the very content of the campaign.
At the same time, compared to February of the previous year, the gasoline and diesel prices decreased by 7.3 and 4.9% respectively. Compared with December of 2016 an ination of 5.6% and 10.9% was recorded.
Greater part of tourists—1 084 933 stayed in houses of relatives or friends, rented apartments and similar places. 174 724 people stayed in hotels.
