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Armenia’s foreign trade deficit narrowed by $47.4 million to $228 million in 3rd Q 2016

07.12.2016 14:00

Armenia’s foreign trade deficit narrowed by $47.4 million to $228 million in 3rd Q 2016

YEREVAN, December 7. /ARKA/. Armenia’s foreign trade deficit has narrowed by $47.4 million over the third quarter of this year to $228 million as a result of the progressive increase of export indicator, the Central Bank of Armenia says in an inflation report included in its monetary policy performance report for the third quarter and its monetary policy project for the fourth quarter.

“In the period under review, the net inflow amount is similar to that of the same period a year before, which is due to stage-by-stage recovery of Russia’s economy and neutralization of adverse consequences of devaluation of the ruble,” the regulator says in its report.

Along with that, the deepening deficit of the current account in the 3rd Q 2016 had increased a great deal the negative balance of the current account investment income in the same period a year earlier.

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Current account balance deficit at Armenia’s foreign trade to be narrow and controllable in 2016

20.04.2016 17:09

Current account balance deficit at Armenia’s foreign trade to be narrow and controllable in 2016

The current account balance deficit at Armenia’s foreign trade will be low and controllable in 2016, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Tuesday

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

22.07.2015 21:01

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

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

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