Economy Minister: Russia doubles its imports of Armenian fruits in 2024

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Economy

14.06.2024, 19:05

The exports of fruits from Armenia to Russia doubled in January-June 2024

Economy Minister: Russia doubles its imports of Armenian fruits in 2024

YEREVAN, June 14. /ARKA/. The exports of fruits from Armenia to Russia doubled in January-June 2024 compared to the same period of 2023, as revealed by Armenia’s Economy Minister, Gevorg Papoyan, on Friday.

He also mentioned that last year Armenia re-exported several thousand tonnes of kiwifruit to Russia, but this year saw a growth in exports of pears, apples, and apricots—fruits that are actually produced in Armenia, unlike kiwi.

Papoyan also noted that he sees no reasons that might cause issues with exports to Russia.

Armenia's foreign trade turnover for the first 11 months has dropped by 33.2%, totalling $18.9 billion. Russia is at the forefront, with China and the UAE following closely behind

The volume of Armenia's foreign and mutual trade from January to November 2025, in comparison to the same timeframe in 2024, has decreased by 33.2%, reaching $18,908,366.3 thousand, as reported by the Statistical Committee.

14.01.2026 10:24

World Bank improves forecasts for the growth of the Armenian economy in 2025 and 2026

According to the January report titled "Global Economic Prospects, January 2026," the World Bank anticipates that Armenia's economy will expand by 5.2% in 2025, 4.9% in 2026, and 4.7% in 2027.

14.01.2026 09:21

Gasoline prices in Armenia fell by 0.8% in December

In December 2025, gasoline prices in Armenia saw a decline of 0.8% compared to December 2024, while diesel fuel prices experienced a decrease of 0.9%, as reported by the Statistical Committee (Armstat).

12.01.2026 17:54

In Armenia, 12-month inflation was 3.3% in December, with prices increasing by 1.2% over the month

In Armenia, inflation was 3.3% in December 2025 compared to December 2024, with a monthly increase of 1.2%.

12.01.2026 15:30

Armenia's economy stands to save approximately 16.4 billion drams thanks to fuel imports from Azerbaijan, according to Papoyan

The process of importing goods from Azerbaijan to Armenia is now regarded as sustainable, stated Economy Minister Gevorg Papoyan during an interview on Public TV.

12.01.2026 14:03

Top 10 Most Significant Economic Events in Armenia in 2025

The year 2025 was a turning point for the Armenian economy, and in many ways atypical: large-scale social reforms, sensitive infrastructure and energy decisions, new geo-economic routes, and a significant adjustment in foreign trade shaped a complex and multi-layered agenda.

12.01.2026 12:36

Armenia's Minister of Social Affairs doesn't understand why people expect a "direct" pension increase

Armenia's Minister of Labor and Social Affairs Arsen Torosyan answered a question about whether a pension increase is expected.

09.01.2026 12:39

Grain and gasoline supplies to Armenia via Azerbaijan are growing. Papoyan predicted a decline in fuel prices

In 2025, 6,580 tons of grain, including 1,000 tons from Kazakhstan and 5,580 tons from Russia, as well as 1,210 tons of Azerbaijani gasoline, entered Armenia by rail through Azerbaijan, reported Armenian Economy Minister Gevorg Papoyan.

09.01.2026 10:37