11:13,

YEREVAN, SEPTEMBER 25, ARMENPRESS. Re-exports significantly contributed to the nearly 215% growth (in dollars) of the exports from Armenia to Russia in the first half of 2023, Finance Minister Vahe Hovhannisyan told lawmakers at the financial-credit and budgetary affairs committee session in parliament during a discussion of the state budget performance.

The big inflow of persons and capital from Russia continued in the first half of the year, he said.

“In the first half of 2023, compared to the same period of last year, re-exports contributed significantly, by nearly 187 percentage points, to the nearly 215 percent dollar growth in the exports of goods to Russia, whereas the exports of Armenian-made goods contributed by 28 percentage points,” the finance minister said.

Hovhannisyan also spoke about the growth in the number of tourists from Russia, stating that the number of inbound tourists in the first half of the year grew 70%, with 47% being from Russia.