Wed, 9 April
11.1 C
Yerevan
USD: 391.01 RUB: 4.56 EUR: 427.33 GEL: 141.93 GBP: 498.85
spot_img

Decline in Armenia’s foreign trade resulting from weakening demand from Russia and EU

YEREVAN, July 22. / ARKA /. The decline in Armenia’s foreign trade is resulting largely from the weakening demand from Russia and the EU, the World Bank said in its monthly review of Armenian economy.

According to the National Statistical Service, Armenia’s trade with Russia in the first five months of  2015 decreased year-on-year by 54.6% to $242.7 million, while the  trade with EU countries fell by 28.6% to $462.2 million.

According to the World Bank review, Armenia’s negative trade balance in the first 5 months of 2015 actually halved compared with the same period of 2014 to $581.6 million. The slight improvement was due to the reduction of imports by 38% and exports by 15. 2%.

Armenia’s overall foreign trade in January-May 2015 amounted to about $1.558.8 billion, a decline of 32.3% compared to the same period of n 2014.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img