Trade turnover between Armenia and Russia reaches record $12 billion - Lavrov

|

USD

398.74

EUR

416.6

RUB

4.0489

GEL

139.52

Economy

21.01.2025, 14:21

Russian Foreign Minister Sergey Lavrov stated that economic relations with Armenia are on the rise.

Trade turnover between Armenia and Russia reaches record $12 billion - Lavrov

YEREVAN, January 21. /ARKA/. Russian Foreign Minister Sergey Lavrov stated that economic relations with Armenia are on the rise.

"Trade turnover is reaching record levels: nearly $12 billion last year, according to statistics. Our cooperation, both bilaterally and within the framework of the EAEU, is yielding these truly impressive results," the Russian minister said at a joint press conference with his Armenian counterpart Ararat Mirzoyan in Moscow.

According to the National Statistical Committee of Armenia, Russia leads in trade turnover with Armenia. For January-November 2024, this figure surpassed $11.6 billion, marking a 71.6% increase compared to the same period in 2023. Armenian exports to the Russian Federation amounted to more than $2.95 billion (a 10.1% decline), while imports totaled over $8.8 billion (a 2.4-fold increase).

Pension funds in Armenia will be allowed to increase investments in economies of other countries

Armenia’s National Assembly has approved today in the first reading a draft law designed by the Central Bank, which proposes to double the amount of investments that Armenian pension funds can make in other countries.

22.01.2025 18:11

Armenia ratifies agreement with US on mutual assistance of customs authorities

The Armenian Parliament has ratified today the agreement on mutual assistance of customs authorities between the governments of Armenia and the United States, signed in Yerevan on June 11, 2024.

22.01.2025 16:42

Declaration of income in Armenia: a complete guide to all issues - part 2

The State Revenue Committee of Armenia continues to publish answers to frequently asked questions regarding who must file an income tax return in 2025 for the 2024 reporting year.

22.01.2025 14:00

World Bank endorsed new five-year Country Partnership Framework for Armenia

The World Bank Group’s Board of Executive Directors endorsed Tuesday a new five-year Country Partnership Framework (CPF) for Armenia.

22.01.2025 12:13

Transactions up to 300,000 drams not subject to declaration – Head of Armenia’s SRC

Transactions up to 300,000 drams are not subject to declaration, said Eduard Hakobyan, head of Armenia's State Revenue Committee, during an interview on Public Television of Armenia.

22.01.2025 10:47

Income declaration in Armenia: A complete guide to everything you need to know

The State Revenue Committee of Armenia has provided answers to the most frequently asked questions regarding who must file an income tax return in 2025 for the 2024 reporting year.

21.01.2025 15:15

Armenian capital ranks 115th in the ranking of most expensive cities for business trips

Armenian capital Yerevan has overtaken Baku (Azerbaijan) and Tbilisi (Georgia) in the ranking of cities in terms of living expenses for employees on international business trips, according to the American consulting company Mercer.

21.01.2025 09:58

EDB expects price growth to accelerate in Armenia

The Eurasian Development Bank (EDB) forecasts a further acceleration in price growth in the coming months, with inflation expected to align closely with the target of the Central Bank of Armenia (3% ±1%). This is stated in the EDB’s weekly macroeconomic review.

20.01.2025 12:37