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Economy

WB: Armenia's growth in H1 2023 mostly driven by private consumption and investment

On the demand side, growth in H1 2023 was mostly driven by private consumption and investment, the World Bank said in 'Armenia monthly economic update – september 2023.'

29.09.2023, 19:32

Economy

ADB improves forecast for Armenia's economic growth in 2022 to 7%, slowing to 4.5% in 2023

The Asian Development Bank (ADB) expects Armenia's economy to grow by 7% in 2022 and to slower to 4.5% in 2023. These forecasts are in the bank’s September update of the Asian Development Outlook report.

23.09.2022, 15:24

Economy

World Bank lowers growth forecast for Armenian economy in 2022 to 1.2%

The World Bank has downgraded its growth forecast for Armenia for 2022 from 5.3 percent pre-war to 1.2 percent, with lower remittances and real wages impacting consumption; heightened uncertainty impacting investment; and exports contracting due to the projected contraction in Russia and slowing global and regional growth.

11.04.2022, 16:24

Society

Armenian law to ban catering establishments from placing salt shakers on tables

A bill drafted by Armenia’s Health Ministry will ban public catering establishment from placing salt shakers on tables without the request of customers, the local daily Zhoghovurd writes.

04.03.2022, 15:11

Economy

Pashinyan: Armenia's economy shows first signs of post-crisis recovery

Armenia's economy is showing the first signs of post-crisis recovery, Prime Minister Nikol Pashinyan told a Cabinet session today, citing the official numbers of the first 15 days of February.

18.02.2021, 12:24

Technology

By 2030, solar power plants will be able to satisfy up to 30% of Armenia's domestic needs

By 2030, solar power plants are expected to satisfy up to 30% of Armenia’s domestic needs, Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan said at an event held in the framework of the EU-UNDP regional program “EU Climate Action”.

20.12.2019, 17:06

Business

Unreported consumption of natural gas in Armenia is decreasing

Unreported (shadow) consumption of natural gas in Armenia is decreasing, Prime Minister Nikol Pashinyan said at a press conference today.

19.03.2019, 17:06

Business

Armenia records unprecedented high growth of electricity consumption in summer

An unprecedented high electricity consumption was recorded in Armenia in the summer season, Energy Infrastructure and Natural Resources Minister Arthur Grigoryan said at a press conference on Wednesday.

29.08.2018, 15:59

Business

Natural gas consumption in Armenia continues to drop

Natural gas consumption in Armenia in the first six months of 2016 slashed by more than 12 percent from the same time of 2015, according to official figures, cited by the local daily "Zhoghovurd" (People).

13.09.2016, 13:08

In the world

Minister: China’s consumption to grow at quick pace in 2016

China’s consumption will grow at a quick pace in 2016, the country’s Minister of Commerce Gao Hucheng is quoted by media resources as saying at a news conference on Tuesday.

23.02.2016, 11:16