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Business
Grapes and apricots safe: Armenia adopts program of subsidizing agro-insurance
The Armenian government at a session on Thursday adopted a decision introducing a system of subsidizing agro-insurance for 13 types of crops against four types of risks - spring frost, drought, hail and fire
13.03.2025, 16:17
Economy
Ex-finance minister calls Armenia's draft state budget for 2024 'impressive', but points to capex risks
In an interview with Novosti Armenia news agency Armenia's former finance minister Vardan Aramyan said at first glance capital expenditure, GDP growth and projected tax-to-GDP ratio indicators earmarked by the government in its draft budget for 2024 seem to be impressive and ambitious and the budget deficit manageable.
13.11.2023, 12:46
Economy
Ex- finance minister points out risks for Armenian economy from opening of regional communications
Classical economic theory indicates that trade integration or trade with neighbors has a positive impact on the well-being of the population, ex-finance minister of Armenia Vardan Aramyan said in the Special Opinion program on the YouTube channel of Novosti-Armenia news agency.
10.11.2023, 15:22
Economy
Mining industry's risks are manageable by government, companies and all stakeholders – Vardan Janyan
Speaking at a press conference on Monday, the Head of the Union of Miners and Metallurgists and First Deputy CEO of Zangezur Copper and Molybdenum Combine Vardan Janyan pointed out that billions of dollars have been invested in the mining and metallurgical industry of Armenia, in building of economic infrastructures and training of personnel.
25.07.2023, 13:11
Incidents
Armenia to greet autumn with 40-degree Celsius heat
Hot weather, dry conditions and record temperatures across Armenia mean increased risks of extreme wildfires, the country's Weather Service warned today.
29.08.2022, 10:48
Economy
Armenia's economic activity growth contains risks- former finance minister
In a comment on the International Monetary Fund's (IMF) latest World Economic Outlook report for July 2022, Armenia's former finance minister Vardan Aramyan said global developments and IMF’s forecasts reinforce his belief that Armenia's economic activity growth of 11.8% in the first half of the year carries significant risks.
27.07.2022, 13:17
Economy
Armenian Central Bank expects yearend inflation rate to be around 7% - chairman
Armenia's Central Bank expects the 12-month inflation rate to be around 7% at the end of 2022, Martin Galstyan, the chairman of the Central Bank, said today.
24.05.2022, 16:03
Business
Economist points out huge risks for Armenia from open border with Turkey
The open border with Turkey poses geopolitical and economic risks for Armenia, economist and senior researcher at the Caucasus Institute in Yerevan Hrant Mikayelyan said speaking in the podcast of the Novosti-Armenia telegram channel.
07.02.2022, 13:26
Economy
Central Bank: Armenia's long-term growth potential risked
Due to the coronavirus pandemic, the martial law the Armenian government declared after Azerbaijani offensive against Nagorno-Karabakh, as well as the increased uncertainties about economic development prospects lower-than-expected economic activity was recorded in Armenia in the 4th quarter of 2020 against the backdrop of weak domestic demand, Armenia's Central Bank's Board said on Tuesday.
17.02.2021, 08:02
Business
Armenia will expand agricultural insurance program to embrace 10 more crops until 2024
The government of Armenia will expand the agricultural insurance program to embrace 10 more crops until 2024, Deputy Director of the National Agency for Agricultural Insurers Narek Hovakimyan told reporters on Monday.
17.02.2020, 16:39
Society
Armenian citizens submit more than 20 statements to commission on prevention of corruption
Armenian citizens have submitted more than 20 written statements to the Commission on the Prevention of Corruption, Commission chairwoman Haikui Harutyunyan said at a press conference on Tuesday.
11.02.2020, 16:50
Economy
Moody's:rising external risks and political uncertainty drive negative 2020 outlook for CIS sovereigns
The negative outlook for sovereign creditworthiness in the Commonwealth of Independent States (CIS) in 2020 reflects growing external risks and continued political uncertainty, Moody's Investors Service said in a report on January 20.
21.01.2020, 17:12
Economy
World Bank says global growth to weaken to 2.6% in 2019
Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020.
06.06.2019, 16:11
Business
Armenian government expects private sector’s help in fighting corruption
The government of Armenia needs long-term participation of the private sector and the public at large in the reforms kicked off by the ‘velvet revolution’, including, in the fight against corruption, the acting Minister of Justice Artak Zeynalyan said today.
19.11.2018, 15:40
Society
Armenian prime minister adamant to reduce government corruption
Armenian Prime Minister Karen Karapetyan said today that low salaries of civil servants is one of the reasons behind corruption.
13.01.2017, 16:20
Business
Monopolies in Armenia are legal, deputy head of state revenue committee says
First deputy head of State Revenue Committee Armen Alaverdyan has reiterated today that all monopolies in Armenia are legal, and that the causes of corruption risks are known to all.
23.05.2016, 15:43
Economy
Union of domestic producers recommends to Armenian government to reduce exporters’ risks
Armenia’s government should take the responsibility of reducing possible risks of producers in order to foster export, Vazgen Safaryan, Head of Union of Domestic Producers of Armenia, told reporters on Wednesday.
27.02.2013, 21:05
Economy
The World Bank assesses Armenia’s debt level as sustainable and sees no risks in debt management
Now Armenia faces no risks in managing its state debt, Souleymane Coulibaly, World Bank Senior Economist said when presenting the WB report on “Fiscal Consolidation and Recovery in Armenia”.
19.09.2012, 21:48
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On Monday, the National Assembly of Armenia ratified the protocol on amendments and additions to the Armenian-Kazakh Agreement "On Automobile Communications", signed on November 6, 2006.
Armenian Parliament Ratifies Agreement on Automobile Freight Transportation with Kazakhstan
