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New greenhouse farm worth 9 million euros established in Armenia
... to grow and export more than 5,000 tons of crops. " Nouveau Village " aims to reach a productivity of 1,500 tons per year. Part of the produce will be sold locally, while the rest will be exported to the Russian Federation, followed by the UAE and European countries. Currently, 177,000 pepper seedlings are being cultivated in the greenhouse, with the first harvest expected in February 2025. The greenhouse is located at an altitude of 1,415 meters above sea level, providing numerous sunny ...
12/23/2024Yerevan hotels recognised as most comfortable in OneTwoTrip rating
... they scored 8.8 out of 10. Guests often mention that they feel at home in Yerevan hotels thanks to the hospitable staff and beautiful cosy interiors,’ the service said. Also in the top were Budapest, Hungary (8.6), Guangzhou, China (8.5), Abu Dhabi, UAE (8.4) and Batumi, Georgia, (8.3). Yerevan was also third place in the top 5 cities, where the ratio of price and quality of hotels suits travellers most of all. The capital of Armenia has 8.8 points out of 10. The first two places in this list are ...
12/19/2024Armenia and UAE to strengthen trade, tourism, and tech ties
... on Tuesday with Anwar Gargash, the diplomatic adviser to the President of the United Arab Emirates, according to the press service of the Foreign Ministry. Mirzoyan with his counterpart discussed the bilateral political agenda between Armenia and the UAE, highlighting the positive dynamics of their relations, the achieved results, and the willingness to expand cooperation in areas of mutual interest. They emphasized additional opportunities for strengthening ties in trade, tourism, technology, and ...
12/17/2024Armenia's trade turnover with EEU countries in January-October exceeded $11bn. - Ministry of Economy
... great demand, in particular, in Russia. The deputy minister pointed out that the EEU accounts for about 50 per cent of Armenian exports. ‘By joining the EEU, Armenia has entered a market with more than 185 million consumers. This means more opportunities ... ... development of various sectors of the economy,’ Hovakimyan said. The Deputy Minister added that negotiations are underway with the UAE to conclude an agreement on economic cooperation with the EEU, and negotiations with Mongolia are at the stage of completion....
12/16/2024Armenia 4th in popularity for Russians' New Year Holidays
... “Aviasales”. According to TASS, Armenia accounted for 7% of air ticket purchases for the New Year holidays. The only countries ahead of Armenia in this regard are Thailand (11%), Uzbekistan (10%), and Turkey (8%). Russians also plan to fly to the UAE, Kazakhstan, and Belarus (6% each), as well as Georgia (5%).
12/16/2024Armenia's foreign trade for 10 months totalled $26.2bn, growth continues to slow down
... the EU countries in January-October this year decreased by 22.3% compared to January-October 2023, making $500.4 million. The volume of exports to the Netherlands - $99.6 million, a decrease of 56.7%, to Belgium - $99.3 million, an increase of 17.9%. Exports to the UAE amounted to $4.8bn, a 5.9-fold increase, to China - $988.5m, a 2.8-fold increase, to Iraq - $189m, a 26.6% increase, to Georgia ($140.9m, a 17.9% increase). The bulk of exports were precious and semi-precious stones, precious metals and articles - ...
12/06/2024Net inflow of non-commercial money transfers to Armenia from abroad down 1.4 times in 10 months of 2024
... year ($3.4 billion and $542.8 million respectively). The outflow of private remittances from Armenia to foreign countries, made through banks in January-October 2024, amounted to $3.47 billion against $3.35 billion in the same period last year. The UAE ($739.8 million) and Russia ($550.4 million) were the leaders in terms of remittances from Armenia to foreign countries in the reporting period of this year. Russia ($554.4 million) and the UAE ($488.6 million) were also leaders in the same period ...
12/02/2024Armenia plans to ‘conquer unconquered’ international tourism markets in 2025 - head of Tourism Committee
... emphasis on non-Armenian, foreign aggressive marketing in order to increase the visibility and accessibility of Armenia, particularly to those destinations where direct flights are already operating. There are three flights a day between Armenia and the UAE, if I am not mistaken. We expect that the citizens of this country will also arrive to Armenia by the same planes. ‘ ARKA’ - What programmes does the Tourism Committee plan to implement for the development of domestic tourism in the country?...
11/29/2024Tourist arrivals in Armenia may reach 2 million by end of 2024
... on aggressive non-Armenian, foreign marketing to increase the visibility and accessibility of Armenia, particularly on routes where direct flights are already available. "If I'm not mistaken, there are three flights a day between Armenia and the UAE. We expect that citizens of this country will also arrive in Armenia on these flights," Gevorgyan noted. According to the latest official data, over 1.92 million tourists visited Armenia in the first 10 months of 2024, a 5.8% decrease compared ...
11/29/2024Numbeo ranks Armenia among the top 10 safest countries in the world
... Russia 51st (60.9 points), Turkey 53rd (59.1 points), and Iran 90th (50.5 points). A total of 146 countries are included in the ranking, with only those having a population of over 1 million people. Andorra tops the list (87.1 points), followed by the UAE (84.4 points), Qatar (84.0), Taiwan (83.3 points), Oman (81.0 points), the Isle of Man (79.5 points), Hong Kong (78.2 points), Japan (77.4 points), and Singapore (76.5 points). The bottom-ranked countries are Afghanistan, Papua New Guinea, and Venezuela....
11/27/2024Moscow finds BRICS platform attractive for Armenia
... examine the activities of this intergovernmental club,” Kopyrkin said in an interview with ‘’Izvestia’’. According to him, the presence of Armenia’s key partners in the BRICS family – besides Russia, these include Iran, India, China, and the UAE – undoubtedly enhances the attractiveness of this platform for Yerevan. "Azerbaijan and Turkey have also expressed their intention to join it. This allows us to say that the entire South Caucasus feels the pull of BRICS," Kopyrkin said....
11/25/2024Ameriabank joins EngageArmenia2024 Forum UAE to present a special offer for Diaspora Armenians
... solutions to visitors at the spot to address individual income, needs, and preferences. EngageArmenia2024 is co-organized by Repat Armenia, Ameriabank, and the H. Hovnanian Family Foundation, in collaboration with the Armenian Community Council in the UAE. The reservation is available here . Contact email for additional information: promotion@repatarmenia.org . About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets ...
11/20/2024Number of tourists visiting Armenia over 9 months decreased by 6.2% to 1.7 million
... (22,519), France (24,243), Ukraine (21,427), the Philippines (16,695), Belarus (12,681), Italy (12,350), the Republic of Korea (11,790), the Netherlands (11,749), Poland (8,893), Turkey (8,585), Belgium (7,934), Kazakhstan (7,700), Spain (6,552), the UAE (5,545), Bulgaria (5,433), Iraq (5,290), Austria (4,729), the Czech Republic (4,596), Moldova (4,545), Greece (4,373), Egypt (4,269), Canada (4,254), Sweden (4,086), Israel (3,863), Australia (3,282), and Lebanon (3,148). The smallest number of tourists—1 ...
11/06/2024Armenia's foreign trade turnover slows to $23.7 billion in 9 months; major trade partners are Russia, UAE, and China
... Export to Russia (about $2.3 billion, a decline of 15.5%), the volume of exports to EU countries decreased by 22.7% compared to January-September 2023, totaling $444.9 million. Other countries with the largest export volumes from Armenia include the UAE ($4.6 billion, a 6.8-fold increase), China ($907.8 million, a 2.8-fold increase), and Iraq ($154.9 million, a 13.1% increase). The bulk of exports consisted of precious and semi-precious stones, precious metals, and products – about $7 billion (a 6.3-fold increase compared to January-September 2023), machinery, equipment, and mechanisms – $about 965 million(a decrease of 1.1%), mining ...
11/06/2024Armenia to own 15% in Aig-1 project implemented jointly with Emirates’ MASDAR
... power plant in Armenia is to be handed over to the Armenian government. Aig-1 is a joint project with United Arab Emirates’ MASDAR. The Armenian Ministry of Economy said this issue was discussed at a meeting between Deputy Minister Sevak Mikaelyan and UAE Ambassador to Armenia Nariman Mohammed Sharif Al Mulla and representatives of MASDAR. The project was adopted by the Armenian government at the end of 2019. The agreement with MASDAR for the design, financing, construction, and operation of the station ...
11/05/2024Armenia finalises its part of work on draft free trade agreement between UAE and EEU – minister
... that the agreement may be signed by the end of 2024. It will regulate, in particular, tariff liberalisation, customs and sectoral cooperation, e-commerce and intellectual property, trade protection measures. Armenia's trade with the Emirates The UAE is one of the three major trade partners of Armenia. According to the National Statistical Committee, the trade turnover between the two countries in January-August 2024 exceeded $4.35bn, increasing 6.8 times year-on-year. Exports for 8 months reached $4.31bn with a 7.3-fold increase, while imports totalled $304.9m, down 23%.-0-
10/25/2024Trade turnover between Armenia and the UAE exceeds $4.2 billion
... Industry (FCCI) Humaid Ben Salem on the sidelines of the second Armenian-UAE business forum held on October 9, the Ministry of Economy reports. The interlocutors highly appreciated the impressive growth in trade turnover between the two countries. The UAE is among the top three countries in terms of trade turnover with Armenia. According to the National Statistical Committee, the trade turnover between the two countries in January-August 2024 exceeded $4.35 billion, increasing 6.8 times. Exports for 8 months reached $4.31 billion, increasing 7.3 times, while imports amounted to $304.9 million, decreasing by 23%. -0-
10/14/2024New programs of Wizz Air in Armenia discussed
... Committee were also touched upon. Wizz Air, one of the largest budget carriers in the world, has been operating in Armenia since 2020, when the first Yerevan-Vienna-Yerevan flight was launched. There are about 10 flights from Armenia to Europe and the UAE in the airline's schedule.-0-
10/10/2024Armenia's foreign trade slows down to $21.7 billion in 8 months
... January-August 2023 increased by 2.1 times, amounting to about $9.7 billion. Exports to Russia amounted to over $1.9 billion, a decline of 19.5% y/y. Exports to the EU countries decreased by 24.2% compared to January-August 2023 to $391.3 million. Exports to the UAE grew to $4.3 billion, an increase of 7.3 times, exports to China increased to $840 million, an increase of 3 times. The bulk of exports were precious and semi-precious stones, precious metals and products – $6.5 billion, a 7-fold increase compared ...
10/07/2024Armenia's foreign trade nearly doubles in 7 months to $20.4 billion
... decreased by 26.3% compared to January-July 2023, to $332 million. Exports to Belgium grew to $70.5 million, an increase of 33.2%, exports to the Netherlands fell to $63.2 million, a decline of 66.2% and to Bulgaria to $45.8 million, a decline of 7.7%. Exports from Armenia to the UAE grew to about $4 billion, an increase of 7.7 times, exports to China upped to $778 million, an increase of 3.2 times, to Iraq -to $108 million, an increase of 0.1%. The bulk of exports were precious and semi-precious stones, precious metals and items- ...
09/05/2024Armenia sees 6.1% decline in foreign tourists in H1 2024
... Philippines (13,183), Ukraine (12,663), China (11,473), Germany (11,082), France (11,032), Belarus (7,796), South Korea (7,336), Italy (6,755), Turkey (5,539), the UK (4,991), the Netherlands (4,948), Kazakhstan (4,703), Poland (4,231), Bulgaria (3,549), the UAE (3,341), Belgium (3,056), Spain (2,948), Moldova (2,929), Egypt (2,710), Austria (2,558), Greece (2,212), and Czechia (2,203) also visited Armenia in significant numbers. The least number of tourists—just one person each—came from Angola, Burundi,...
08/07/2024Armenia's foreign trade doubles in first half of 2024 to over $18.4bn.
... Republic of Korea ($66.7 million, down 28.8%). Exports Exports increased 2.3 times, to about $8 billion. Exports to Russia fell by 21% to $1.4 billion. Exports to the European Union decreased by 25.1% to $282 million. The first three countries in terms of exports were the Netherlands ($56.6 million, decrease by 66.9%), Belgium ($54.2 million, increase by 52.7%), and Bulgaria ($41 million, increase by 23.9%). Other countries with the highest export from Armenia were the UAE ($3.7 billion, 7.8-fold growth), China ($714. million, 3.4-fold growth), and Bulgaria ($41 million, 3.4-fold growth), Iraq ($87.5 million, decrease by 12.7%), Georgia ($74 million, decrease by 2.7%), Switzerland ($54.5 million, increase by 36.2%),...
08/06/2024Armenian customs officers thwart attempt to smuggle diamonds worth 8 million drams
... YEREVAN, 2 August. /ARKA/. Armenian customs officers thwarted an attempt to smuggle in diamonds worth 8 million drams, the State Revenue Committee reports. It said recently, the luggage of a citizen of Armenia, who arrived in Yerevan from Sharjah in the UAE was subjected to customs control at Zvartnots International Airport. As a result of the customs inspection 22 polythene bags with transparent stones of different sizes similar to diamonds and 2 certificates marked "GIA" were found in the ...
08/02/2024Armenia appoints its first ambassador to Saudi Arabia
Karen Grigoryan, Armenia’s current ambassador to the UAE, will also serve as the ambassador to Saudi Arabia YEREVAN, July 30. /ARKA/. Armenia appointed an ambassador to Saudi Arabia for the first time, as per a decree signed by the country’s President Vahagn Khachaturyan on Tuesday. Karen Grigoryan,...
07/30/2024EDB: individual money transfers to armenia drop by 18.2%
... Despite a year-on-year decrease of 18.2%, this figure remained historically high, similar to the levels seen in 2022 and 2023. Meanwhile, the outflow of remittances increased by 1.5%, reaching $1.3 billion, with the main destinations being Russia and the UAE. This led to a 54.5% year-on-year reduction in net cross-border remittances, the review noted.
07/29/2024Yerevan Mayor accuses former minister Kerobyan of telling a lie
... said at a press conference on Wednesday. He recalled that as chairman of the board of the ANIF, he did not receive a salary. The ANIF was established in 2019 by the government of Armenia to attract foreign investment. In 2021, it struck a deal with UAE-based Abu Dhabi Future Energy Company, also known as Masdar, which pledged to build Armenia's first large-scale solar power plant. Our neighbouring countries, taking an example from us, are implementing similar projects with this company. Time will ...
07/24/2024Armenian goods exports up 57.4% in May due to re-exports of gold and jewellery - WB
... Armenia Monthly Economic Update – July 2024 review, published on Tuesday. Goods exports grew by 57.4 percent (yoy) in May, driven by a five-fold increase in precious and semi-precious stone exports (the result of a six-fold increase in imports and re-exports of these items to the UAE). Gold and jewelry’s export share reached 72.3 percent of total exports. Transport export (a re-export item in 2023) fell by 78 percent (yoy) in May 2024. Excluding the specific exports mentioned (precious and semi-precious stones and transport ...
07/16/2024Armenia proposes cooperation on Gyumri dry port to UAE
... YEREVAN, July 8. /ARKA/. Armenia proposed collaboration on a dry port project in the country’s Shirak province to the United Arab Emirates, Armenia’'s Ministry of Economy reported on Monday. Armenian Economy Minister Gevorg Papoyan met with the UAE Minister of State for Foreign Trade Thani bin Ahmed Al-Zeyoudi and the UAE Deputy Minister of Industry and Advanced Technology Omar Suwaina Al-Suwaidi on the sidelines of the INNOPROM-2024 forum in Russia’s Yekaterinburg. According to the press ...
07/08/2024Advisor to Yerevan Mayor: City needs new storm drainageAdvisor to Yerevan Mayor: City needs new storm drainagev
... contractual terms with the Veolia Jur company, which will allow rent to be used for investment, and this will mitigate the problems we are talking about. Of course, we are not talking about force majeure, because the same force majeure occurred in the UAE, a country with the most developed infrastructure and they also could not cope with the situation,” Avinyan said.
06/25/2024Jermuk Group exempt from paying customs tax for AMD 10.3 billion worth of investments
... on Thursday. This will allow the Group to save around AMD 576 million worth of customs tax. The government’s decision noted that the Jermuk Group is planning to import commodities for the production of insulating foil and to invest in expanding its exports. In total, the company will export around 80% of its produce to the UAE, the US, the EU, Georgia, and to other countries. Jermuk Group is Armenia’s largest producer of mineral water. Established in 1996, it is based in the town of Jermuk in the Vayots Dzor province.
06/20/2024Exports of products of Armenian origin recorded 14 per cent decline in the first quarter - Finance Ministry
... three months of 2024, exports of products of Armenian origin decreased by 14.3 per cent,’ Sirunyan said, speaking in parliament. The high growth, according to the deputy minister, was due to the re-export of gold jewellery, most of which went to the UAE. At the same time, imports grew 75.8 per cent in January-March 2024 compared to 2023. However, excluding the impact of re-exports, a decline of 9.2 per cent was actually recorded. According to the National Statistical Committee, Armenia's foreign trade turnover in the first quarter of 2024 compared to the same period of 2023 increased 2.1 times to $9.2 billion, with exports ...
06/07/2024World Bank: UAE largest importer of Armenian goods
... The United Arab Emirates remains the largest importer of Armenian goods, mainly due to gold and jewelry exports, according to the Armenia Monthly Economic Update May 2024, published by the World Bank on Wednesday. “The top export destination was the UAE, with a 7-fold increase, as it remains the main market for gold and jewelry exports,” the review says. Exports of goods increased threefold in March 2024, driven by an 8.5-fold increase in exports of precious and semi-precious stones, whose share of total exports rose from 28.5 percent in March 2023 to 80.6 percent in March ...
05/22/2024Yerevan and Abu Dhabi discuss expansion of ties
... and other spheres.. The first session of the Armenia-UAE intergovernmental commission was held on May 2, 2019 in Yerevan. The UAE is one of Armenia's top three trade partners. According to the National Statistical Committee, the trade turnover between ... ... countries totaled $2.1 billion in the first quarter of this year, increasing 6.9 times compared to January-March last year. Armenian exports exceeded $2 billion with a 7.1-fold growth, while the volume of imports decreased by 12.1% to $121.2 million. -0-
05/22/2024Armenia's foreign trade grows 2.1 times in Q1, 2024 to over$9.1 bln
... largest trade partners were Germany ($106.6 million, down 38.5%), Italy ($93.1 million, up 6.2%), Belgium ($46.6 million, up 64.7%), the Netherlands ($30.8 million, down 73.6%), and France ($25.9 million, down 28.5%). Other major trade partners were the UAE ($2 billion, 6.9-fold growth), China ($878.8 million, 96% growth), Iran ($148.5 million, 13.7% decline), and USA ($109 million, 37.4% decline). Exports Armenian exports grew 2.7 times to over $4. 4 billion. The volume of exports to Russia fell to $838 8 million, a decrease of 8.6% yoy. Exports to the EU in January-March of this year decreased by 31.6% compared to January-March 2023 to $ 126.7 ...
05/08/2024The number of tourists visiting Armenia in the first quarter fell by 3.2% to 435,775 people
... January-March of this year Armenia was also visited by citizens from India (13,216 people), Philippines (9,417), Ukraine (5,542), USA (4,942), Germany (3,649), France (3,501), Belarus (3,124), China (2,757), Italy (2,594), Turkey (2,382), Netherlands (1,796), UAE (1,785), UK (1,561), Egypt (1,381), Belgium (1,106), Moldova (1,078), Spain (1,061), Greece (1,055) and Austria (1,019). The report notes that 86 people came from an unknown country. At the same time, it is reported that 380,770 tourists left the ...
05/08/2024Regulation of cryptosphere according to European model is not in Armenia's interests - Web3 Armenia co-founder
... of this sphere. The Armenian government has adopted a draft law aimed at combating cybercrime. It also aims at partial regulation of the cryptocurrency sphere. “On the one hand, there are models used by major economies - the US, Singapore and the UAE, which allowed large companies, IT startups and international players to enter the market and operate on a legal platform, making investments, paying taxes, minimizing money laundering risks and attracting cryptocurrency users. On the other hand - ...
04/26/2024Armenian export growth continued to soar due to robust exports of gold and jewelry- World Bank
... percent, respectively, and contributed 11 percentage points to total growth. The export of remaining commodity groups either contracted or marginally contributed to export growth. Of total exports in January-February, 46.6 percent were destined to the UAE, and these were mostly exports of precious and semi-precious stones. The share of export to Russia more than halved to 20 percent in January-February 2024 from 51 percent in the same period last year. On the other hand, Russia remained the main source of imports (58 percent ...
04/19/2024Some 76% of Armenian exports in 2023 went to Russia, UAE and Hong Kong- economist
... that exports from Armenia grew to 3 billion in 2021, $5.4 billion in 2022, and $8.3 billion in 2023. "In 2022, the growth was about 79%, but exports to Russia grew 3 times. In 2023, exports grew by 55.3%, but exports to Russia grew only 43%, while exports to the UAE grew by 4.3 times," he said. Tavadyan noted that some experts explain the surge by re-exports. "We have re-exports going in two directions. One is from China and the EU going to Russia. These are mainly household appliances and cars. The ...
04/17/2024Armenia's foreign trade doubles in two months of 2024 to over $5.3 billion
... 1% to $510.4 million. Exports to the EU dropped by about 27% to $85.1 million Exporst to Belgium grew by about 4 times to $26.3 million, exprots to the Netherlands fell by 83% to about $12 million and exports to Germany fell by 36% to $11.9 million. Exports to the UAE grew by more than 7 times to about $1.2 billion, exports to China grew by more than 4 times to $266.4 million and exports to Iran fell by 19% to $15.6 million. The bulk of exports -$1.8 billion- were machinery, equipment and mechanisms - $243.4 million,...
04/05/2024Net inflow of private remittances to Armenia decreased more than five times in January 2024
... ($40.3 million) and Switzerland ($5.5 million) rounded out the top three senders. At the same time, the outflow of private remittances from Armenia in January 2024 increased to $327.9 million against $215.9 million in the first month of last year. The UAE - $51.8 million, Switzerland - $47.9 million and the United States - $41.8 million were the leaders in terms of remittances from Armenia during the reporting period. In January 2023, the top three were UAE - $41.5 million, USA - $29.7 million and ...
03/15/2024Cost of vacation for Russians in Armenia went up by 5.2% - Rosstat
... Armenia for Russians in February 2024 was up 5.2% compared to January, TASS news agency reported citing Russian statistical service. The most expensive vacation for Russian citizens was in Egypt, which rose - by 14.4%, in Turkey it upped by 10.9%, in the UAE - by 6.4%. A trip to Abkhazia and Georgia will cost 5.2% more, to Kazakhstan and Uzbekistan - by 4.5%, to Vietnam, Indonesia, Malaysia and Thailand - by 1.3%, to Belarus - by 0.8%.-0-
03/14/2024Armenia's foreign trade ups 79% in January 2024 yoy to about $2.2 billion-NSC
... Union countries in January of this year decreased by 38% compared to January 2023 to $33.5 million. Exports to Belgium more than doubled to $10.6 million, exports to Slovakia grew by 85% to $4.6 million, and exports to Italy upped by 52% to $4 million. Exports from Armenia to UAE amounted to $335.2 million, 7.2-fold growth, exports to China more than tripled to $94.4 million and exports to Iran dropped by 10.5% to $7.6 million. Exports of precious and semi-precious stones, precious metals and articles amounted to $587.1 million,...
03/06/2024Russian companies have opened more than 800 representative offices in Armenia since 2022
... YEREVAN, February 26. /ARKA/. Russian companies have opened more than 800 offices in Armenia since 2022, the Russian daily 'Izvestia' reported citing the findings of Finion company. Also, about 9,000 offices have been opened in Serbia, about 1.600 in the UAE and 450 in Kyrgyzstan. The bulk of companies, which have opened representative offices in these countries are engaged in IT sector, logistics, and services. "In general, the more Russian business enters new markets, the better it is for the economy,...
02/26/2024United Arab Emirates is now Armenia’s leading export destination, says World Bank
Armenian export growth remained exceptionally high in 2023 owing to high exports of gold and jewelry, the World Bank says in its "Armenia Monthly Economic Update - February 2024". YEREVAN, February 19. /ARKA/.. Armenian export growth remained exceptionally high in 2023 owing to high exports of gold and jewelry,...
02/19/2024Armenia may export fish, honey and a number of other food products to UAE
... the United Arab Emirates, the Food Safety Inspection Authority of Armenia reported It said this was preceded by six months of negotiations, working discussions and information exchange between the Food Safety Inspection Authority of Armenia and the UAE Ministry of Climate Change and Environment. -0-
01/24/2024UAE becomes largest foreign investor in Armenia's economy in 2023, leaving Russia behind- Kerobyan
The United Arab Emirates (UAE) was the largest source of foreign investment for Armenia in 2023, Economy Minister Vahan Kerobyan said. YEREVAN, January 23. /ARKA/. The United Arab Emirates (UAE) was the largest source of foreign investment for Armenia in 2023, Economy ...
01/23/2024Trade between Armenia and UAE exceeded $2 bln in 2023
... Armenia Armen Grigoryan on the same day, the interlocutors noted with satisfaction the intensive development of the economic cooperation between Armenia and UAE. According to the National Statistical Committee of Armenia, the trade between Armenia and UAE in the first 11 months of 2023 amounted to $1.5 billion, increasing 2.7 times year-on-year. Armenian exports amounted to $1.4 billion with a 2.9-fold growth, while imports amounted to $545.2 million (41.3% growth). -0-
01/16/2024Armenia's foreign trade turnover for 11 months of 2023 grew by 42.4%, exceeding $17.8 bln.
... million, down 1.5%, trade with the USA grew to $627.5 million , up 61.1%. Armenian exports increased by 44.7% to about $7 billion. Exports to Russia grew by 50% to about $3.2 billion. Exports to the European Union decreased by 5.5% to $678 million. Exports to UAE grew to about $1.4 billion, 2.9 times growth. Exports to China grew by 15.2% to $380 million. The bulk of exports were precious and semi-precious stones, precious metals and articles – over $2.1 billion, 2.4 times growth compared to January-November ...
01/10/2024Armenia intends to diversify exports, but Russia still main trade partner - Kerobyan
Armenian government is working to diversify exports, but Russia still remains its main trade partner, although the latter’s share in Armenia’s total trade turnover has slightly dropped, Economy Minister Vahan Kerobyan said on Monday. YEREVAN, January 9. /ARKA/. Armenian government is ...
01/09/2024Armenian citizens will be able to enter UAE without visas from February 1, 2024 - Foreign Ministry
From February 1, 2024, Armenian citizens will be able to enter, exit and transit through the United Arab Emirates (UAE) without visas. YEREVAN, January 8. /ARKA/. From February 1, 2024, Armenian citizens will be able to enter, exit and transit through the United Arab Emirates (UAE) without visas. A similar opportunity will be given to Emirati citizens wishing to ...
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