Armenia. According to the World Bank’s latest report, the economic and social measures to mitigate the pandemic cost Armenia’s budget around 2.3% of GDP. The report states that revenues fell by 6% yoy resulting in the deficit of around 1.7% of projected annual GDP in the year-to-July.
Armenia. Armenia has lifted the Covid-19 state of emergency and introduced a nationwide “quarantine” regime until January 11, 2021. It keeps requirements for wearing facemasks in all public areas and enforces social distancing and hygiene rules for businesses.
Dear readers, Please note that from September on, we are moving to monthly COVID Alerts. You will receive the next digest from us at the beginning of October.
With the support of the EU4Business Initiative, 10 Armenian companies will be provided with food safety system enforcement plans, while five of those with greater export potential will be trained for certification.
Eastern Partnership: Ready to Trade, an EU4Business initiative supports Armenia-based companies develop internationally competitive branding identities. Packaging is as important as the product itself. A strong brand is a key driver for sales on both the domestic and international markets.