Analytic

Export brackets open up little by little

Export brackets open up little by little

Promises given in the action plan of the government, then in RPA pre-election program, as formerly stated, mostly didn’t contain target. Only several promises contained concreteness among which was reaching export volume to 40-45% of GDP.

Georgian visitors “against” tourists arriving in Armenia

Georgian visitors “against” tourists arriving in Armenia

And in case of Georgia WB has taken the number of visitors. To be clear how these figures differ, exact data should be brought. In 2016 total 2.9 million visits to Armenia have been recorded (source: volumes of RA border crossing per RA border checkpoint), from which 1.26 million comprised tourist visits. In 2016 Georgia recorded 6.3 million visits, from which tourist visits comprised 2.7 million.

Why did economic activity slow down?

Why did economic activity slow down?

Armenia’s economic activity index (EAI) in January-April 2017 compared with the same period of the previous year comprised 105.7%. Note, in January-March EAI rate was higher—6.6%.

Yerevan’s predictable elections

Yerevan’s predictable elections

Firstly, Yerevan City Council elections were marked with rather low participation. Only 345 thousand out of 840 thousand eligible citizens have gone to the polling stations. Participation level comprises 41 percent.

How far will SRC go?

How far will SRC go?

On the other hand, SRC activeness contains risk for itself as well. If in the second quarter tax entries are over-fulfilled not by 12 billion, but e.g. 20 or 25, the Government may change its mind and raise the benchmark, demanding e.g. 80-100 billion extra taxes.

On account of what does economy activate?

On account of what does economy activate?

Judging from official statistics Armenia’s economy is developing more quickly, than anticipated. Thus, in January-March 2017 compared with the same period of the previous year, economic activity index (EAI) comprised 106.6%.

Tourism: amid dream and reality

Tourism: amid dream and reality

In the first quarter of 2017 compared with the same period of 2016 number of tourists visiting Armenia has grown by 18.2%. Zarmine Zeytuntsyan, Chairperson of State Tourism Committee of the Ministry of Economic Development and Investments, told about this recently.

Banking crisis in Azerbaijan

Banking crisis in Azerbaijan

While summing up economic year in January and introducing anticipations for the upcoming year Azerbaijani president stated that “The biggest blow to the national economy was recorded from the side of the banking system.”

What goes on in real estate market?

What goes on in real estate market?

Economic growth of the first two months of ongoing year was impressive-about 6%. Double digit growth indices for industry and services, foreign trade were impressive as well. However, there is one index, which doesn’t comply with the temp of economic activity. It refers to real estate market.

The resource of borrowing money

The resource of borrowing money

Armenia’s state debt as of February 2017 comprised AMD 2 trillion 901.3 billion or USD 5 billion 961.2 million. Compared with the beginning of the year Armenia’s state debt has grown by USD 25.7 billion, from which: government’s external debt in USD expression almost hasn’t changed, it remained within USD 4.3 billion.

Statistics of RPA votes

Statistics of RPA votes

Central Electoral Commission (CEC) of Armenia has calculated preliminary results of parliamentary elections held on April 2 based on data received from all 2009 polling stations.

Investments continued to decline in 2016

Investments continued to decline in 2016

National Statistical Service of Armenia issued statistics of investments for 2016. As April 1 is the silence day of election campaign, we won’t reflect to promises of political powers and their programs. Instead, we’ll introduce what snapshot we had in 2016, how much investments we had, from which countries and in which fields.

On implemented and promised investments

On implemented and promised investments

Foreign investments have become one of the most contemporary promises of this election campaign. Almost all promise investments, some—many, some—few, some give exact numbers and some—not.

Iranian tourism: Armenia more and more attracts our neighbors

Iranian tourism: Armenia more and more attracts our neighbors

From the beginning of the week abundance of Iranian tourists was observed in the capital. Novruz Bayram—New Year of Iranians has brought them to Armenia, which starts from the fourth week of March and lasts for 13 days. In the period of those two weeks Armenia welcomes 20-25 thousand Iranians.

Comeback of mandatory audit

Comeback of mandatory audit

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.

Details of January growth

Details of January growth

10 days ago National Statistical Service of Armenia issued initial macroeconomic indices for January 2017, pursuant which Armenia’s economic activity growth comprised 6.5% compared with previous January.

The effect of pragmatic populism

The effect of pragmatic populism

What do you think: if one of the powers participating in the parliamentary elections states, that coming to power the pension will become AMD 500 thousand, salary of teachers—AMD 1 million, prices of consumer goods will half decrease, and public services (gas, electricity, water) will make free of charge, what will happen then?

The effect of decreasing rate

The effect of decreasing rate

During the government’s last session on December 29, 2016 PM Karen Karapetyan, applying to Artur Javadyan, Chairman of the Central Bank of Armenia (CBA), asked whether CBA will constantly reduce refinancing rate.

Economic effect of elections

Economic effect of elections

What effect do elections have on economy? Generally, it’s accepted to consider—not a positive one. To some extent elections mean uncertainty. And uncertainty generates expectant moods.

Liaison between economy and crime

Liaison between economy and crime

Upon Numbeo’s freshest data level of crime in Armenia is assessed 27.08 points, i.e. it’s even lower than the lowest dimension. Among observed 125 countries Armenia is ranked the 19th as a safe country.

The usual slump

The usual slump

Decrease in the field of construction has already become usual. The then driving force of economy started to rush down from 2009 and the process continues until now. Upon the data of National Statistical Service of Armenia construction volumes comprise AMD 397.6 billion in 2016, which is less by 10.8% from previous year’s index.

State budget expenditures and revenues in 2016

State budget expenditures and revenues in 2016

Expenditures in the field of apartment construction and services have decreased the most—18.2%, thus, comprising AMD 16.3 billion. The highest growth—10.7% was recorded in general public services. Expenditures directed to the field of defence have grown by 6.7% in 2016 and comprised AMD 211.8 billion.

Threat of big money

Threat of big money

Attentive readers, perhaps, may have noticed, that Armenia’s banks have recently activated their ads linked to provision of loans, i.e. they propose loans, as they state, with beneficial, flexible, unprecedented conditions.

Economic year 2016: On most significant indices

Economic year 2016: On most significant indices

Inflow of transfers has reduced by USD 138.4 or 10.4% compared with January-October of the previous year. If the decline temp was maintained in November-December, as of data for 2016, transfer inflow will comprise USD 1 billion 460 million.

The everlasting issue of Lars

The everlasting issue of Lars

However, cargo transporters observe upsetting regularity. Particularly in the last 2 years (after Armenia’s membership to EEU) Lars has become more problematic.

The ghost of recession

The ghost of recession

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.

Export growth is provided through Armenian brandy

Export growth is provided through Armenian brandy

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.

How do Armenians earn and spend their finances?

How do Armenians earn and spend their finances?

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.”

To the bottom

To the bottom

Economic Activity Index (EAI) in the period of January-October of ongoing year, as compared to the same period of the previous year, is 100.4. This means, that throughout the first ten months EAI has grown by 0.4% only. On a monthly basis the snapshot is even more disappointing: on October 2016, as compared to October 2015 EAI has decreased by 7.8%, and, as compared to September 2016—by 18.7%.

The risk of gas

The risk of gas

At the joint press conference of PMs of Armenia Karen Karapetyan and of Artsakh Arayik Harutyunyan, launched in Artsakh, as anticipated, the issue of gas tariff review was touched upon again. Reporters asked again: how “Gazprom-Armenia” operating with a loss, reduces the tariff and won’t we withdraw any property to this company in the future?

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