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Armenian Economy


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#61 gamavor

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Posted 21 August 2007 - 09:45 AM

ARMENIA'S FOREIGN TRADE TURNOVER IN JANUARY-JULY OF 2007 INCREASED BY 37,0%

Mediamax
Aug 20 2007
Armenia

Yerevan, August 20 /Mediamax/. The foreign trade turnover of Armenia
in January-July of 2007 totaled 800.5bln drams or $ 2262.9mln, having
increased by 37,0% as compared to the same period of 2006.

As the press service of the National Statistical Service of Armenia
told Mediamax today, the export volume during the accounting period
made 222.9bln drams or $631.1mln, and the import volume totaled
577.6bln drams or $1631.8mln.

The deficit of the foreign trade balance in January-July of 2007
stood at 354.7bln drams or $1000.7mln.

http://groong.usc.ed.../msg199511.html



#62 abass80

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Posted 26 August 2007 - 02:59 AM

QUOTE
AZG Armenian Daily #153, 25/08/2007

Armenia-Russia relations

PUTIN PROMISES $1,5 BILLION INVESTMENTS

On August 23, Russian and Armenian presidents Vladimir Putin and Robert Kocharian met in Sochi (Russia). Vladimir Putin expressed his content with development of Armenian-Russian bilateral relations: increase in commodity turnover and allied cooperation in political sphere, "Novosti Armenia" agency informed.

Russian President V. Putin assured of $1,5 billion Russian investments in the Armenian economy in 2007.

In his turn, Robert Kocharian mentioned that Armenian-Russian relations develop in all directions: there is evident increase in investments, commodity turnover, military-technical and political cooperation.

There is an evident development process of mutual relations, according to the Armenian president, and the Armenian side expresses its perfect willingness to contribute to that process.

It’s worth to mention that this kind of meetings between the Russian and Armenian presidents at the Russian president’s residence "Bocharov Ruchey" in Sochi have become a tradition for the two presidents. As many politicians mention, those meetings aim to regulate bilateral relations of the two states: to give a new impetus and quality to them.

It’s the forth meeting of the presidents Putin and Kocharian this year; the second in Sochi.

It’s worth to mention, that if before we could say that the political issues were preliminary in the Armenian-Russian relations, today the situation has changed. The economic factor is a dominant issue in Armenia-Russia bilateral relations: over the first six months of 2007 the trade turnover between the two countries increased by 70% and at the end of the year it will probably exceed $500 mln.

Russia has become the Number One country with its investments in the Armenian economy ("Gasprom", "Vimpelcom", "Rusal" and other giant organizations).

On the other hand, there are serious problems in political relations of these two states: the mass media of the two countries write about it from time to time.

If the Russian politicians and experts do not hide their dissatisfaction at the Armenia-NATO developing relations, then we are not satisfied with the military relations of our military ally with Azerbaijan and Turkey.

Anyway, according to the Russian media one of the main issues of the Kocharian-Putin meeting is the military-political relations between the two states. According to the analysts, being a member of Collective Security Treaty Organization (CSTO), Armenia wants to deepen the mutual military relations with Russia. It means that these meeting will take place with the motto "Deepening of bilateral military relations".

In the background of the new developments in the region, the Armenian-Russian bilateral military relations have gained a new meaning and come from the interests of our country’s national security.

In this context, we can perceive the logic of the Armenia-NATO deepening relations.

The meeting of the two presidents has also a symbolic meaning, as it takes place close to the date of the 10th anniversary of the Armenian-Russian friendship and cooperation strategic agreement (on August 29, 1997). This agreement became the basis of the Armenian-Russian wide-ranging military cooperation.

By Armen Manvelian

© Copyright AZG


#63 AK-47

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Posted 26 August 2007 - 09:37 PM

http://www.reuters.c...178343320070826

3 page article by Reuters on the boost of Artsakh's economy thanks to patriotic Armenian diaspora.

Edited by AK-47, 26 August 2007 - 09:40 PM.


#64 hosank

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Posted 29 August 2007 - 08:58 PM

true true..west side armeniaa


#65 abass80

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Posted 03 September 2007 - 10:00 AM

QUOTE
ARMENIA’S TRADE WITH TURKEY RISES 23 PERCENT

YEREVAN, AUGUST 31, ARMENPRESS: Armenia’s foreign trade in January-July of 2008 rose to $2.263 billion. Exports rose 21 percent from a year ago to $631 million, while imports rose 44.5 percent to $1.632 billion.
The National Statistical Service said the trade deficit rose beyond $1 billion.
It said also 32 percent of trade fell on former Soviet republics. The biggest share of 15 percent or $331 million, was with Russia. Ukraine was the second biggest trade partner among former Soviet republics with $144 million.
The trade with CIS countries rose 55 percent.
Trade with EU members rose 34 percent to almost 39 percent of all foreign trade. The biggest trade partner was Germany-$210 million or 10 percent, Belgium was second with $127 million or 6 percent.
Armenia’s trade with Turkey with which it has no diplomatic relations, rose 23 percent to $58 million. Share of trade with Turkey made 2.6 percent, it was 5 percent with the USA and 4 percent with China.


#66 abass80

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Posted 03 September 2007 - 10:01 AM

QUOTE
INVESTMENTS IN JANUARY-JULY RISE TO $245 MILLION

YEREVAN, AUGUST 31, ARMENPRESS: Investments in Armenia’s real sector economy in January-July of 2008 rose 37 percent from a year ago to almost $245 million, Armenia’s statistical service said today.
It said the figure does not include investments in the state-run agencies and banking sectors. The amount of direct investments in economy was said to rise 77 percent to $153 million.
According to the statistical service, 27 percent of all investments or almost $41 million were proceeds generated from the sale of enterprises.
Lebanon with $84 million was number 1 investor, followed by Russia with $74 million. Investments from Argentina rose to $24 million.
Almost 48 percent of foreign investments and 57 percent of direct investments into the real sector of economy went to communications sector, 9 percent of direct investments went to air transport sector and 8 percent to construction sector.


#67 abass80

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Posted 03 September 2007 - 10:02 AM

QUOTE
ARMENIA’S FOREIGN DEBT RISES TO $1.266 BILLION

YEREVAN, SEPTEMBER 3, ARMENPRESS: Armenia’s foreign debt rose to $1.266 billion as of June 30. According to Armenian Statistical Service, it grew 9.3 percent from a year ago.
Armenia owes 72 percent of its debt, or nearly $910 million, to the World Bank. It rose 12 percent from a year ago.
Another 12.4 percent or $157 million are owed to the International Monetary Fund (IMF), 4 percent or $51 million to the International Fund for Agricultural Development (IFAD).
Armenia also owes $4.6 million (0.4%) and $ 2.9 million (0.2 %) to OPEC Foundation and European Bank for Reconstruction and Development (EBRD) respectively.
Armenia owes $93 million (7.4 %) to Germany and $39.5 million (3.1%) to the USA.


#68 abass80

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Posted 20 September 2007 - 01:01 PM

ARMENIA POSTS 13.6 PERCENT GDP GROWTH IN JANUARY-AUGUST

YEREVAN, SEPTEMBER 20, ARMENPRESS: Armenia’s economic growth in January-August grew 13.6 percent amounting, in terms of money, to 1.6 trillion Drams, according the chief of the National Statistical Service Stepan Mnatsakanian.
He said today this was an unprecedented GDP growth in just eight months. Armenia’s industrial output rose to 446.4 billion Drams, a 1.7 percent growth from a year ago. Power production not counted the growth was 369 billion Drams.
Armenia’s power plants produced in the reported time 4.03 billion kilowatt/hours electricity, 1.6 percent down from a year ago. Despite late spring and early summer flooding agricultural GDP grew 7.6 percent to 329 billion Drams.
Construction accounted for the biggest growth-19.6 percent. A total of 328 billion Drams were invested in this sector.
Retail trade grew 11 percent to 510 billion Drams. Services to population rose 20 percent to 335 billion Drams. Population income rose to 1.2 trillion Drams and expenditures to 1.6 billion Drams. The inflation rate was 3.9 percent.
By the end of August there were 82,000 officially registered unemployed people, down 8 percent from a year ago.
Average wages rose 21.5 percent to 73.630 Drams ( $216). Wages in public salary rose to 54,000 Drams and to 92,000 in public sector.
Armenia’s foreign trade rose nearly 40 percent to $2.660 billion. Exports rose 23 percent to $734 million and imports rose 47 percent to $1.926 billion.




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