Armenia proposes importing rough diamonds from Angola for processing

|

USD

384.92

EUR

432.84

RUB

4.765

GEL

140.53

08.04.2025, 19:47

Armenian Economy Minister Gevorg Papoyan and Angolan Industry and Trade Minister Rui Miguens de Oliveira discussed some issues related to the purchase and import of rough diamonds from Angola to Armenia for further processing

Armenia proposes importing rough diamonds from Angola for processing

YEREVAN, April 8. /ARКА/. Armenian Economy Minister Gevorg Papoyan and Angolan Industry and Trade Minister Rui Miguens de Oliveira discussed some issues related to the purchase and import of rough diamonds from Angola to Armenia for further processing

. During the meeting, which took place on the sidelines of an investment forum in the UAE, Papoyan presented the investment environment in Armenia to his Angolan counterpart, the press service of the Armenian Economy Ministry reported.

He noted that Armenia has a developed rough diamond processing sector and that up to 1.5 million rough diamonds can be imported from Angola and processed in Armenia annually.

The ministers agreed to continue the discussions in a working manner.

According to the report of the Ministry of Economy on the socio-economic situation in January-December 2024, diamonds worth about $500.9 million were imported last year (an annual increase of 6.4%).

This is one of the five main categories of goods imported to Armenia in January-December 2024, along with gold ($5.9 billion), telephone and telegraph equipment ($827 million), natural and liquefied gas ($556.3 million), and cars ($520.1 million).

In general, according to Armstat, imports to Armenia in 2024 amounted to more than $17 billion (an increase of 33.8%), and exports - more than $13 billion (an increase of 53.1%).-0-

ARARAT Armenian Brandy Presents Audio guide ARARAT Yerevan

ARARAT Armenian brandy presents its new cultural project dedicated to Yerevan.

20.05.2025 19:23

Armenia and Kazakhstan consider establishment of regular direct air service

The Chairman of the National Assembly of Armenia Alen Simonyan discussed with his Kazakh counterpart, Head of the Senate Maulen Ashimbayev the establishment of regular direct flights between the two countries.

15.05.2025 16:55

Converse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projects

Converse Bank and the European Bank for Reconstruction and Development (EBRD) signed two loan agreements totaling US$ 8 million during the EBRD’s Annual Meeting in London.

15.05.2025 15:51

Ameriabank partners with EBRD to support Armenian businesses through RSF framework

Ameriabank has signed a €50 million funded Risk Sharing Framework (RSF) agreement with The European Bank for Reconstruction and Development (EBRD) to facilitate Armenian firms’ access to finance. Under the RSF, the EBRD will co-finance individual loans provided by Ameriabank to eligible borrowers.

15.05.2025 13:50

Armenia seeks solution for alcohol exports: talks with Georgia underway

Armenian authorities are looking for a solution for alcohol exports, Economy Minister Gevorg Papoyan said today in response to a question about what the ministry was doing to resolve the problem that Armenian alcohol exports have been facing for weeks already when trying to cross the Georgian border into Russia.

13.05.2025 17:04

Armenia's service sector grew by 11.5% in Q1, reaching AMD 865.3 billion

Armenia’s service sector in the first quarter of 2025 amounted to AMD 865,288.2 million (in current prices), an increase of 11.5% compared to the first quarter of 2024, the National Statistical Committee reported.

12.05.2025 17:16

Armenia surpasses some European countries in terms of service level – international coach

The level of service in Armenia is much better than in some European countries, said international coach in customer service and leadership Aneta Korobkina, who has many years of experience in the personnel development industry and, including customer service.

12.05.2025 17:03

VTB (Armenia) increased the volume of loans issued based on the borrower's credit history by 2.5 times

The volume of loans issued to small businesses under the New Partner program in the first quarter of 2025 exceeded 160 million drams.

12.05.2025 16:42