Armenian government will adopt economic policy doctrine in 2026 – Pashinyan
01.12.2025,
10:18
The Armenian government is set to approve an economic policy doctrine, when it holds its first meeting in 2026, Prime Minister Nikol Pashinyan announced last Saturday while addressing the second conference on improving the business environment through dialogue in the resort town of Jermuk.
YEREVAN, December 1. /ARKA/. The Armenian government is set to approve an economic policy doctrine, when it holds its first meeting in 2026, Prime Minister Nikol Pashinyan announced last Saturday while addressing the second conference on improving the business environment through dialogue in the resort town of Jermuk.
"This doctrine will outline the main directions for the long-term development of the Armenian economy until 2050, to make it competitive and secure growth," Pashinyan said.
According to him, the starting point of the doctrine is that Armenia's national interest lies in economic development.
'In politics, when people talk about consolidation around the state and national interests, they are referring specifically to economic development. No goal in any field can be achieved without economic development. In the modern world, both sports and culture are branches of the economy,' he said..
"We often fail to develop because in our country there still persists the perception that cultural institutions must beg from the government, patrons, or wealthy individuals. This hinders cultural development. Our thinking must change: culture and sports are parts of the economy. In this context, we must develop new approaches," Pashinyan added.
He noted that consolidation must occur around economic development, especially within Armenia's business community.
'There is not a single person, regardless of region or status, who is not connected to Armenia's economic development, and therefore, to state interests. Today, a certain shift in thinking is being observed in Armenia. And I think that, in parallel with political and socio-psychological changes, we also need a certain shift in economic thinking. I have been noticing this problem for a long time, and it is natural. This is an issue we must address," Pashinyan said.
He acknowledged that in certain cases, the economy continues to operate by inertia, with approaches that are inconsistent with the changes taking place.
"I've noticed this in the government, state structures, and the business community. Therefore, I believe it's important that we talk about changing economic thinking," Pashinyan said.
He recalled that over the past five years, economic growth in Armenia has averaged over 7%, which is a good result of the collective efforts.
"But we are entering a completely new era and must reconsider our economic policymaking models and our approaches to economic activity. We must not adapt to the present moment, because that means always being late," Pashinyan said.
According to him, it's necessary to talk about dynamics, short-, medium-, and long-term strategies and development.
"Our economy is part of a global world, and we must align our thinking and practices with global processes," Pashinyan said.
"This doctrine will outline the main directions for the long-term development of the Armenian economy until 2050, to make it competitive and secure growth," Pashinyan said.
According to him, the starting point of the doctrine is that Armenia's national interest lies in economic development.
'In politics, when people talk about consolidation around the state and national interests, they are referring specifically to economic development. No goal in any field can be achieved without economic development. In the modern world, both sports and culture are branches of the economy,' he said..
"We often fail to develop because in our country there still persists the perception that cultural institutions must beg from the government, patrons, or wealthy individuals. This hinders cultural development. Our thinking must change: culture and sports are parts of the economy. In this context, we must develop new approaches," Pashinyan added.
He noted that consolidation must occur around economic development, especially within Armenia's business community.
'There is not a single person, regardless of region or status, who is not connected to Armenia's economic development, and therefore, to state interests. Today, a certain shift in thinking is being observed in Armenia. And I think that, in parallel with political and socio-psychological changes, we also need a certain shift in economic thinking. I have been noticing this problem for a long time, and it is natural. This is an issue we must address," Pashinyan said.
He acknowledged that in certain cases, the economy continues to operate by inertia, with approaches that are inconsistent with the changes taking place.
"I've noticed this in the government, state structures, and the business community. Therefore, I believe it's important that we talk about changing economic thinking," Pashinyan said.
He recalled that over the past five years, economic growth in Armenia has averaged over 7%, which is a good result of the collective efforts.
"But we are entering a completely new era and must reconsider our economic policymaking models and our approaches to economic activity. We must not adapt to the present moment, because that means always being late," Pashinyan said.
According to him, it's necessary to talk about dynamics, short-, medium-, and long-term strategies and development.
"Our economy is part of a global world, and we must align our thinking and practices with global processes," Pashinyan said.
