The data issued by the RA National Statistical Service (NSS) yesterday make this upsetting snapshot even more complete. Thus, NSS issued GDP data for the third quarter of 2016 (from 2011 GDP calculations are being introduced once in a quarter). In the third quarter of ongoing year Armenia’s GDP comprised AMD 1 trillion 518.3 billion.
Tigran Khachatryan, Deputy Minister of Economic Development and Investments, stated that the Ministry attempts to find all the possibilities, by which continuity of production with “Ashtarak Kat” Company may be guaranteed. “We attempt to guarantee workplaces for the Company’s employees. This is very important for peasants, who had a long activity with the company and sold their agricultural goods. This is a complicated process and decision wasn’t made in a day.”
Nairit Plant CJSC has been recognized as bankrupt. Court of General Jurisdiction of Shengavit Administrative District (judge Armen Chichoyan) yesterday hurried to pronounce the verdict on bankruptcy. Accordingly, the Court has satisfied the lawsuit by the “Electric Networks of Armenia” CJSC (ENA) and passed a decision to charge AMD 500 thousand from Nairi Plat CJSC in favor of ENA, as an amount, initially paid as state fee.
In the period of January-September 2016 export volume from Eurasian Economic Union (EEU) member countries comprised USD 274.1 million. As compared to the same period of the previous year, export from Armenia to EEU has grown by 55.2%. This information was provided by the Eurasian Economic Commission (EEC) database.
Guillaume de Guiteau, Hennessy cognac house brand ambassador, paid a 3-day visit to Armenia, within which exclusive master class was conducted by one of the 6 ambassadors, introducing the well-known cognac, a participant of which was 168.am as well.
Main source of income for households of the Republic of Armenia is hired job. Thus, monthly nominal monetary income of households in 2015 per capita comprised AMD 52377, from which AMD 28800 (55%) comprises hired job. This information was provided by RA National Statistical Service through its report entitled “Food security and poverty 2016.”
“We have reached the point where though we have to think about saving money, restricting and adopting a conservative budget, we have managed to effectively withstand the challenges, ensure economic growth, raise the competitiveness of the economy, and expand export volumes. The policy of just relying on external donations loans is already in the past,” he added.
Drop of beer production volumes and import growth. What should the state do in such cases? Support local producer/exporter or at least not create issues for them?
“It will contribute to the mutually beneficial cooperation in the transportation field, will provide favorable conditions between the two countries, as well as will facilitate the transit cargo shipments and passenger transportation through the territories of the two states to the third countries,” the Minister said.
“Generally risks of state debt management today, yesterday, and tomorrow, are known to almost everyone and they’re the same. Depending on the structure of debt portfolio, priority of those risks and their management is being regularly changed.”
