The Armenian government has allocated 150 billion drams for the development of the military industry by 2028

|

USD

381.2

EUR

444.44

RUB

4.9035

GEL

141.22

Economy

03.12.2025, 10:12

The Armenian government has decided to continue the policy of three-year contracts aimed at developing the military industry, allocating over 150 billion drams for 2026-2028, announced Minister of High-Tech Industry Mkhitar Hayrapetyan.

The Armenian government has allocated 150 billion drams for the development of the military industry by 2028

YEREVAN, December 3. /ARKA/. The Armenian government has decided to continue the policy of three-year contracts aimed at developing the military industry, allocating over 150 billion drams for 2026-2028, announced Minister of High-Tech Industry Mkhitar Hayrapetyan.

"The Armenian Ministry of Defense has already begun negotiations to conclude new three-year contracts with 30 companies," he wrote on social media.

The minister noted that the first three-year program for the development of the military industry for 2023-2025, with contracts worth over 171 billion drams signed with 28 companies, has become the cornerstone in the development of Armenia's military-industrial complex. ($1 - 381.24 drams)я-0-

Armenia aims for $12 labor productivity - Papoyan

Armenia aims to achieve a labor productivity target of $12 per working hour by 2026, stated Economy Minister Gevorg Papoyan.

03.12.2025 18:06

In November, 12-month inflation in Armenia amounted to 3.1%, with prices rising by 0.6% over the month

In November, the inflation rate over the past 12 months in the Armenian consumer market reached 3.1%, as reported by the Statistical Committee (Armstat).

03.12.2025 16:14

Pashinyan Names Cause of Poverty in Armenia

Armenia has a poverty problem. Armenian Prime Minister Nikol Pashinyan stated this during the final discussion of the 2026 budget draft in parliament.

03.12.2025 12:29

"Textile Industry Operator" Fund to Promote Armenian Brands in Foreign Markets

The "Textile Industry Operator" Fund, established in Armenia, will serve as a platform for collaboration between the public, private, and educational sectors to modernize production, stimulate exports, and promote Armenian brands, according to the press service of the RA Ministry of Economy.

03.12.2025 10:13

European Commissioner: Keeping Armenian airlines on the EU's "blacklist" is a technical matter

Keeping Armenian airlines on the EU's "blacklist" for aviation safety is a purely technical, not a political, matter, assures EU High Commissioner for Enlargement Marta Kos.

02.12.2025 14:12

EAEU and India begin negotiations on free trade agreement

The first round of negotiations on a free trade agreement between the Eurasian Economic Union (EAEU), its member states, and the Republic of India took place in New Delhi.

01.12.2025 11:24

Armenian government will adopt economic policy doctrine in 2026 – Pashinyan

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.

01.12.2025 10:18

Concrete Plant Operations Suspended in Yerevan Due to Environmental Violations

The illegal operation of a concrete plant in Yerevan has been suspended, the Environmental and Mineral Resources Inspectorate reports.

28.11.2025 14:01