Armenia's economy is collapsing.

Axar.az reports that the statement came from Dashnaktsutyun Party spokesman Tadevos Avetisyan. According to him, over the past year, Armenia's foreign trade turnover decreased by 17%, and the dram fell by 10%. In return, the country's debt increased by $ 750 million.

Avetisyan said that in January-February of this year alone, the drama fell by 10-11% compared to the same period last year. The price increase for products was 7.3%, and the price increase for basic consumer goods was 25-30%.

Avetisyan said that Armenia's public debt has increased by 27% over the past three years. He also noted that the inflow of investment into the country decreased by 2.6 times, and direct investment - by 1.23.