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.
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.
However, cargo transporters observe upsetting regularity. Particularly in the last 2 years (after Armenia’s membership to EEU) Lars has become more problematic.
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.
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.
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.”
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?
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%.
It may considered that this is natural, however, on the other hand, the snapshot indirectly edifies centralization of economic activeness and resources in Yerevan.
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?
