Armenia exports hit record high in 2016January 27, 2017 - 16:06 AMT PanARMENIAN.Net - Armenia's exports amounted to over $1,78 billion in 2016, which is record high compared to figures unveiled in the past 10 years. The country mainly sells mineral products, ready-to-eat food, precious and semi-precious stones, precious and non-precious metals, as well as cigarettes and alcohol. Also, in 2016 the volume of agricultural produce doubled against January-December of the previous year. In the last 10 years, exports were the lowest in 2009 when goods worth $698 million were shipped abroad, and the highest in 2014, with over $1.5 billion-worth products exported. In 2016, mining industry, ready-to-eat food and non-precious metals accounted for the lion's share of all exports, with the volume of tobacco shipments having registered a major growth too. 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 | Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. For the first time, Armenia votes in favor of Georgia resolution in UN Armenia on Tuesday, June 4 voted for the first time in favor a resolution adopted by the United Nations General Assembly. Moscow warns Armenia against leaving Russian-led defense bloc Armenia could ruin its military ties with Russia if it continues drifting towards the West, according to a senior official in Moscow. Moscow says ready to support Yerevan-Baku reconciliation Moscow has confirmed its readiness to support the reconciliation of Yerevan and Baku. |