  Armenia sees 8% economic activity growth in 2024 February 1, 2025 - 12:06 AMT PanARMENIAN.Net - Armenia's economic activity index grew by 8% in January–December 2024 compared to the same period in the previous year, according to the Statistical Committee. During this period, the volume of industry, trade, construction, agriculture, and services increased. In December 2024, compared to December 2023, the economic activity index rose by 4.7%. For the year, industrial output increased by 4.7%, construction by 14.5%, trade turnover by 17%, gross agricultural production by 1.6%, and service volumes by 10.6%. The consumer price index grew by 0.3%, while the industrial product price index increased by 3.6%. The average monthly nominal wage rose by 6.4%, with public sector wages increasing by 7.9% and private sector wages by 5.7%. Data as of January 31, 2025.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
