Armenia-Russia exports drop by 4.8% amid growing trade turnoverDecember 3, 2014 - 17:02 AMT PanARMENIAN.Net - Armenian exports grew by 4.7% in October 2014 against last year’s results, amounting to $140.9 million. In January-October 2014, the country’s exports totaled $1.250 billion, up 2.9% from last year, National Statistical Service reported. In the first 10 months of 2014, exports to Russia dropped by 4.8% to total $254 million, with the tendency for decrease, though somewhat slowed, still persisting. In January-August 2014, the export fell by 8,2% to total $184 million against $201 million from a year-earlier period. Total shares of Armenian exports to Russia dropped from 22% to 20.3%. At the same time, Armenia-Russia trade turnover showed a 7.8% increase. Russia tops the list of Armenia’s trade partners, with a 23.3% share in total turnover. CIS states’ share makes up 28.2%, EU – 27.1%, including Germany - 7,5%. Trade turnover with China, Iran and Georgia totals 9.8%, 8.8% and 2.6% respectively. Armenia’s total trade turnover increased by 5.4% in January-October 2014 against last year’s results to amount to $4.8 billion. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |