Electricity generation in Armenia up 1.2% in 9 months

Armenia's industrial output in January-October 2024 totalled about 2.4 trillion drams, (in current prices), increasing by 11.7% compared to the same period of 2023, data released by the National Statistical Committee shows.

Armenia's foreign trade turnover in January-October 2024 compared to the same period in 2023 grew by 67.6% to more than $26.2 billion, the National Statistical Committee reported.

The Eurasian Development Bank (EDB) launched about 30 new projects in 2024.

The Armenian parliament ratified a 50-million-euro loan agreement with the OPEC Fund for International Development on Thursday, intended to cover the budget deficit.

As for Armenia's public debt, the Eurasian Development Bank (EDB) does not see any risks or reasons for concern, since the public debt is at an average level and even below the average for developing economies, said Marina Sobolevskaya, head of the EDB Country Analysis Center, during the presentation of the bank's macroeconomic forecast for 2025-2027.

From September to November 2024, 22.66 million electronic cash receipts totaling 27.4 billion drams were generated by 4 taxi platforms and 157 private taxi drivers, according to the State Revenue Committee of Armenia.