#LOW
Reduction in tourist flows to Armenia in 2024 is due to a 17.5% decline in the number of tourists from Russia - Ministry of Economy
The decrease in the total number of tourists arriving in Armenia in 2024 is primarily due to a reduction in the number of visitors from Russia, who make up the largest share, according to the report by the Armenian Ministry of Economy, "Socio-Economic Situation of the Republic of Armenia / January - December 2024" (Armenia: Economic Outlook / January-December 2024).Net inflow of private remittances to Armenia decreased more than five times in January 2024
The net inflow of private cross-border remittances to Armenia sent through banks slashed to $32.8 million in January 2024 against $170.2 million in the first month of 2023, the Central Bank's report said.Slowdown of economic activity in Armenia is due to weakening dynamics in a number of sectors – EDB
Armenia's economic slowdown is due to the weakening dynamics in the services (+5.8% yoy), trade (+20.4% yoy) and industry (-2.4% yoy) in July after strong performance of these sectors in the same period last year, analysts of the Eurasian Development Bank (EDB) said in a weekly review.Low-income families in border villages will build 550 houses with government support
By the end of 2024 at least 550 families in Armenia will be able to build houses in 80 border settlements of the country with state support, said Gayane Karagyozyan, an official of the Ministry of Labor and Social Affairs.BSC Founder: low productivity is number one problem of Armenian businesses
The number one problem of Armenian businesses is low productivity, which is dozens of times lower than that of advanced countries, BSC founder and managing partner Samvel Gevorgyan said in an interview with ARKA-Business on ARKA YouTube channel.Net inflow of private money transfers to Armenia in first half of 2022 close to one billion USD
The net inflow of private money transfers to Armenia in the first half of 2022 amounted to over $978.9 million, with a 2.56-fold increase compared to the first half of 2021, according to the Central Bank of Armenia.Investment flows from Russia to Armenia have increased – Pashinyan
Investment flows from Russia to Armenia have increased, which is a sign for other investors as well, Armenian Prime Minister Nikol Pashinyan said on Friday in Sochi during a meeting with Russian President Vladimir Putin.News 1 - 20 of 53
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