Armenian economy

IMF: Armenia is the poorest country in South Caucasus

The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita. …

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Migration from Armenia assumes escape character

The permanent population of Armenia decreased by 13.4 thousand people over the past year, according to the National Statistical Service of the republic. At the same time, it was noted that during the year 10.3 thousand more people were born …

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Armenian external debt keeps growing

Armenia's external debt amounted to $5.1 billion as of December 1, 2017,  the country’s national statistical service. In November 2016, Armenia's external debt increased by $62 million, Armenian media reported. …

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Results of 2017: Azerbaijan - leader of South Caucasus

In 2017, Azerbaijan reaffirmed its leadership in the South Caucasus region by once again gettion ahead of its Caucasian neighbors both by economic indicators, by scale of international projects and by prospects for further development. …

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 Armenia's parliament approves 2018 state budget

Armenia's National Assembly approved the final version of the draft state budget for 2018 with 64 votes in favor and 35 against.  Expenditures and revenues for 2018: 1 trillion 308 billion drams in revenues, 1 trillion 307 …

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Armenia no longer likes EEU

During three years of Armenia's membership in the EEU, there has been a significant regression in a number of socioeconomic spheres, Yerevan says

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Butter price mounting at record pace in Armenia

Butter prices in Armenia show a record growth, Haykakan Zhamanak reported. The newspaper’s monitoring showed that in supermarkets in downtown Yerevan, butter price surged by 550 drams (around $1.1) per one kilogram. …

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Armenia's state budget deficit increasing

Armenia's state budget deficit will grow by 3.8% in 2018, as compared to the current year. The gross revenues of the country’s 2018 budget are projected to be 8% higher than this year’s indicator. At the same …

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