#FINANCE
Service sector in Armenia grows by 12.6% in the first month of 2025, exceeding 280 billion drams
The volume of the service sector in Armenia in January 2025 amounted to 280,031.8 million drams (at current prices), showing an increase of 12.6% compared to January 2024 and 19.7% compared to December 2024.Armenian real estate market records slower price growth in December 2024 - Ministry of Finance
Prices in Armenia's real estate market continued to rise in December 2024, although the growth rate slowed compared to November. This is stated in the report "Review of Macroeconomic Developments: December 2024" by the Ministry of Finance of the Republic of Armenia.Armenian government presents rationale for income declaration to introduce social credits
During a government meeting, Armenia’s Deputy Finance Minister Arman Poghosyan noted that no new taxes are expected following the implementation of the income declaration system, and that "the program is needed to better understand citizens."Artsakh refugees receive 89.3 billion drams in aid: Ministry of Social Affairs
About 89.3 billion drams have been provided to individuals forcibly displaced from Nagorno-Karabakh through short-term, medium-term, and long-term assistance programs, according to Narek Mkrtchyan, Armenia's Minister of Labor and Social Affairs.Armenia short of 200 billion drams in tax revenues in 2024 - Finance Ministry head
During a press conference on the results of 2024, Armenian Finance Minister Vahe Hovhannisyan stated that the inability to implement capital expenditures was due to a shortfall of 200 billion drams in tax revenues.Armenia's unemployment drops 9.3%, hired workers rise 5.6% in September - Ministry of Finance
The number of officially registered unemployed in Armenia decreased by 9.3% in September, while the number of hired workers increased by 5.6% to 776,814, mainly due to the growth in the number of workers in the construction, trade, and education sectors.Service sector in Armenia grew by 5.9% in January-September, reaching 2.4 trillion drams
The service sector in Armenia in January-September 2024 amounted to over 2.4 trillion drams (in current prices), increasing by 5.9% compared to the same period in 2023, the National Statistical Committee reported.News 1 - 20 of 92
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