#ECONOMY
Armenia and Germany discuss prospects for developing trade and economic relations
A meeting of the Intergovernmental Commission on Financial and Technical Cooperation between Armenia and Germany was held yesterday in Berlin, co-chaired by RA Minister of Economy Gevorg Papoyan and State Secretary of the German Ministry of Economic Development and Cooperation Niels Annen.Armenian SRC uncovers 325 billion drams of shadow tax revenue in nine months
Eduard Hakobyan, the head of the State Revenue Committee (SRC), revealed that around 325 billion drams of concealed tax revenue were identified in Armenia during the first nine months of this year, marking a 97% increase compared to the same timeframe in 2024.Papoyan: Armenia asked Russia to extend the period of stay for foreigners in its territory
The Armenian government has formally approached the Russian government with a suggestion to raise the legal limit on the duration of stay for foreigners in the Russian Federation from 90 days (per calendar year) to 180 days, announced Minister of Economy Gevorg Papoyan during a parliamentary session on Tuesday.IMF: Armenia's GDP growth projected to reach 5% in 2025, with inflation expected to align with the Central Bank's target
The real GDP growth in Armenia is anticipated to hit 5% in 2025 and 5.5% in 2026, while inflation is expected to remain close to the target set by the Central Bank of Armenia by the end of 2025.Armenia has already purchased 192,000 tons of grapes this year, says Economy Minister
One of the key processes of the agricultural season in Armenia—grape procurement—is nearing completion. To date, 192,000 tons of grapes have already been purchased, Economy Minister Gevorg Papoyan announced on Facebook.Armenia needs to shift from "subsidizing sustainability" to "investing in innovation," says Director of Management Consulting at Ameria
To foster economic growth in Armenia, a transition from "subsidizing sustainability" to "investing in innovation" is essential, according to Tigran Jrbashyan, Director of Management Consulting at Ameria and Head of the National Team for the Global Entrepreneurship Report.Armenian government improves terms of subsidized grape purchases
At a meeting on Thursday, the Armenian government revised the terms of interest rate subsidies on loans provided for the purchase of grapes in 2025. The decision provides for budget guarantees for the remaining collateral for loans obtained by economic entities for these purposes.Armenia Charts Path Towards Green Economy
On Tuesday, a meeting chaired by Armenian Prime Minister Nikol Pashinyan looked into a draft framework strategy for the development of green, sustainable, and circular economy, along with the accompanying action plan, the government press service reported.Papoyan emphasizes importance of economic diversification
Armenia is working to enhance the resilience of its economy, with one of the key priorities being the diversification of the economy, said Minister of Economy Gevorg Papoyan during the government Q&A session in parliament today, as he addressed a question about whether the government is preparing for a possible economic shift from the Eurasian Economic Union (EEU) to the EU, and if there is a means to assess and mitigate the associated risks.In H1 Armenia's gross agricultural, forestry, and fish farming output increased by 7.2% to AMD 353.6 billion
According to the National Statistical Committee, the output in Armenia's agriculture, forestry, and fish farming sectors amounted to AMD 353,652.5 million at current prices in the first half of 2025, marking a 7.3% increase compared to the same period in 2024.Food products in Armenia in July increased in price by 4.7% over a year, and decreased by 2.7% over a month
In July 2025, prices for food products and soft drinks increased by 4.7% compared to July 2024, but decreased by 2.7% over the course of one month. This information comes from the National Statistical Committee of Armenia's report.News 1 - 20 of 594
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