Search result 1 - 50 of 1435
First | Prev. | 1 2 3 4 5 | Next | Last
EAEU is 11 years old: A History of Success – Ambassador of the Russian Federation to the Republic of Armenia S.P. Kopyrkin on EAEU Day
... historical standards. Since the signing of the Treaty on the EAEU in 2014, a common economic space has been formed, covering almost 200 million people, in which the “four freedoms” are fully operational – the movement of goods, services, capital and labor. The removal of internal barriers, the unification of requirements, the coordination of technical standards, the freedom of movement of specialists – all this brings concrete and tangible benefits to the citizens of the participating countries....
05/29/2025Child Protection Reform: Armenian Government Approves New Bills
... Family Code and related laws at its regular session. YEREVAN, May 29. /ARKA/. On Thursday, the Armenian government approved a bill on amendments and additions to the Armenian Family Code and related laws at its regular session. As Armenian Minister of Labor and Social Affairs Narek Mkrtchyan stated, the projects are aimed at implementing reforms in the child protection system, which is based on the 2021-2026 government program, as well as Armenia's international commitments. "It is planned to ...
05/29/2025Program for housing affordability and infrastructure development in border areas of Armenia discussed in government
... YEREVAN, May 6. /ARKA/. The indicators of the state program for housing affordability for families in border settlements of Armenia for 2022-2025 were discussed on Monday at a meeting in the government chaired by the Prime Minister. Deputy Minister of Labor and Social Affairs David Khachatryan presented details of the program implementation process, in particular, the chronology of transactions by settlements, activity and status. It was reported that as of May 1, 2025, 2,254 transactions had been ...
05/06/2025Number of registered jobs in Armenia increased by 40,490 during the year - minister
... registered jobs in Armenia saw a remarkable increase of 40,490 in the past year, bringing the total to 782,100, according to Minister of Economy Gevorg Papoyan. He shared this encouraging news on his Facebook page in a message celebrating International Labor and Workers' Solidarity Day on May 1. Minister Papoyan also highlighted that, after adjusting for inflation, real wages have risen by 4.1% compared to last year. "These positive trends reflect our collective efforts and the steady application ...
05/02/2025Armenia is encouraged by IMF to enhance its economic resilience and promote inclusive growth
... structural reforms. YEREVAN, April 28. /ARKA/. Following their visit to Armenia from March 31 to April 10, the IMF team, led by Iva Petrova, emphasized the importance of ongoing structural reforms. The team noted, “The government's initiatives to boost labor force participation among vulnerable groups, broaden the country’s export markets, and enhance corporate transparency and access to finance are commendable.” Petrova highlighted that to achieve these objectives, it is crucial to effectively ...
04/28/2025Prime Minister of Armenia pointed out the importance of delimited border of Republic of Armenia
... guarantee of our loyalty to all the victims of our people," he thinks. According to Pashinyan, the state and state interests, the Republic of Armenia with an internationally recognized territory, regulated relations with neighbors, open borders, peace, labor, prosperity, a free and protected citizen - this is what, who and how should preserve the memory of the victims of the Genocide, this is how we should survive the tragedy of the Genocide. "Dear people, dear citizens of the Republic of Armenia!...
04/24/2025Unemployment in Armenia rose to 13.9% in 2024 from 12.4% a year earlier – WB
... to rising unemployment in urban and rural areas for both women and men. At the close of December 2024, the Armenian government put into action the Employment Strategy for 2025-2031, aimed primarily at addressing the issue of unemployment. Minister of Labor and Social Affairs, Narek Mkrtchyan, pointed out that research indicates a segment of the potentially employable population lacks competitiveness, possessing insufficient skills to meet the demands of today’s job market. The strategy specifically ...
04/23/2025Economist raises concerns over Armenian export competitiveness amid inflated USD/AMD exchange rate (video)
... To bolster competitiveness, he proposed a gradual devaluation of the dram, targeting a rate near 480 drams per dollar. Furthermore, he pointed out that enhancing overall competitiveness will require a comprehensive strategy, which includes improving labor force capabilities, technical advancements, and logistics. However, he reiterated that the primary focus should be on addressing the dram's exchange rate. According to Armstat, Armenia's trade with the U.S. in 2024 reached approximately $410.6 million,...
04/13/2025ADB Country Director for Armenia Names 4 Factors for Armenia's Economic Growth in 2025
... growth. "For a country with a population of 3 million people, the number of Russian immigrants was small, most of them did not work," Lambert said. He expressed the opinion that economic growth could rather be due to remittances from Armenian labor migrants to their homeland. Armenia's economic growth is projected at 5.1% in the state budget for 2025. According to the Central Bank's Monetary Policy Report for the first quarter of 2025, Armenia's GDP growth is expected to be between 7-4.8% ...
04/09/2025Armenian Central Election Commission presented the final results of elections to Council of Elders of Gyurmi and Parakar
... mandates) Communist Party of Armenia - 9,727 votes (8 mandates) Our City bloc - 7,380 votes (6 mandates) My Mighty Motherland party - 3,739 votes (3 mandates) Mother Armenia bloc - 2,904 votes (2 mandates) Country for Life Party - 1,695 votes (0 mandates) Labor Socialist Party of Armenia - 652 votes (0 mandates) Euroalliance’ Bloc - 2,113 votes (0 mandates) Democratic Alternative” Party - 1,407 votes (0 mandates). The day after the elections, the opposition Mother Armenia bloc and My Mighty Motherland ...
04/07/2025Armenia's Labor and Social Affairs Minister disagrees with former Karabakh minister on poor situation of residents
Armenia's Labor and Social Affairs Minister Narek Mkrtchyan disagreed with former Nagorno-Karabakh state minister Artak Beglaryan, who claims that most of the Karabakh refugees who fled their homes in September 2023 after a massive attack by Azerbaijan live in ...
03/31/2025Some 25,000 Karabakh refugees already employed in Armenia - Ministry of Labor and Social Affairs
Some 25,000 refugees from Nagorno-Karabakh have already found jobs in Armenia, Minister of Labor and Social Affairs Narek Mkrtchyan said today. YEREVAN, March 26. /ARKA/. Some 25,000 refugees from Nagorno-Karabakh have already found jobs in Armenia, Minister of Labor and Social Affairs Narek Mkrtchyan said today. “Some of them are engaged ...
03/26/2025Armenia's withdrawal from EEU at the stage of negotiations on joining the EU will cost 30-40% of its GDP – Shoigu
... "According to the most conservative estimates, withdrawal from the EEU at the stage of the negotiation process to join the European Union will cost Armenia 30-40% of its GDP. This will cause critical damage to the country's economy, and a drop in production, labor market contraction, rising unemployment and inflation will lead to a sharp decline in living standards. At the same time, Yerevan should not count on generous subsidies from the EU, given the state of the European economy," Shoigu was quoted ...
03/20/2025Unemployment in Armenia in Q3 2024 rose to 13.3% from 12% a year earlier - WB
... survey notes that the rise was contributed by higher unemployment in rural areas. The Armenian government in late December 2024 approved the Employment Strategy for 2025-2031, the main goal of which is to fight unemployment. According to Minister of Labor and Social Affairs Narek Mkrtchyan, research shows that part of the potentially employable population is uncompetitive and does not have the level of skills needed to meet the demands of the modern labor market. The target group of the strategy ...
02/24/2025Armenia introduces digital system for concluding employment contracts
A digital system for concluding employment contracts will be introduced in Armenia. YEREVAN, February 19. /ARКА/. A digital system for concluding employment contracts will be introduced in Armenia. Zhora Sargsyan, Head of the Labor and Employment Department of the Ministry of Labor and Social Affairs, said at a press conference on Wednesday that the change is in line with the package of amendments to the Labor Code that were adopted on December 4, 2024 and will become mandatory ...
02/19/2025Slowdown of economic activity in Armenia is affecting labor market – EFSD
Economic activity slowdown in Armenia is starting to affect labor market indicators, the Eurasian Fund for Stabilization and Development (EFSD) says in its regional economic review “Winter 2024-2025”. YEREVAN, February 13. /ARKA/. Economic activity slowdown in Armenia is starting to affect labor market ...
02/13/2025Artsakh 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. YEREVAN, January 15. /ARKA/. 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,...
01/15/2025Armenia and US strengthen economic and energy cooperation: Strategic partnership roadmap
... job creation and economic growth, support economic and market reforms and liberalization, promote transport communication, improve the bilateral business environment, and ensure market access for goods and services. Both parties recognize that fair, labor-oriented, and sustainable trade is essential for advancing resilient supply chains, equitable development, freedom, and prosperity," the document states. The section on "Economic, Trade, Transport, and Energy Cooperation" includes ...
01/15/2025EAEU or EU: Armenia's foreign trade indicators amid plans for a European turnaround
... the EAEU bodies. The main goals of the EAEU are to create conditions for the stable development of member states' economies in the interest of improving their populations' standard of living, to form a unified market for goods, services, capital, and labor resources, and to promote comprehensive modernization, cooperation, and increased competitiveness in the context of the global economy.
01/13/2025Armenia to change benefit system with pilot project in two regions
... assessment of citizens' welfare and the methodology for providing benefits. Specifically, the draft proposes replacing family benefits with insecurity benefits, which will be set at the level of the minimum consumer basket, or 34,000 drams. Minister of Labor and Social Affairs Narek Mkrtchyan noted that when a benefit application is received, the possibility of employment for the citizen will be considered first, with the issue of applying for benefits considered afterward. For 12 months after finding ...
01/09/2025Armenia to revamp benefits system placing focus on employment
... providing benefits to the working-age population. YEREVAN, December 27. /ARKA/. The Armenian authorities are planning to change their approach to providing benefits to the working-age population. These plans were announced by Armenia's Minister of Labor and Social Affairs, Narek Mkrtchyan, at a government meeting during the discussion of the “Employment Strategy for 2025-2031”. In particular, the minister stated that when an application for benefits is submitted, the possibility of employment ...
12/27/2024Armenia approves Employment Strategy for 2025-2031
... for 2025-2031, with the main goal of combating unemployment. YEREVAN, December 27. /ARKA/. On Thursday, the Armenian government approved the Employment Strategy for 2025-2031, with the main goal of combating unemployment. Armenian Minister of Labor and Social Affairs Narek Mkrtchyan stated that unemployment in Armenia is both seasonal and structural. "The reasons are varied, but studies show that a portion of the potentially employable population is not competitive and lacks the skills ...
12/27/2024New system for assessing insecurity being developed in Armenia
A new system for assessing insecurity is being developed in Armenia, which is one of the key institutional reforms of the Ministry of Labor and Social Affairs, said the head of the department, Narek Mkrtchyan. YEREVAN, December 25. /ARKA/. A new system for assessing insecurity is being developed in Armenia, which is one of the key institutional reforms of the Ministry of Labor and ...
12/25/2024Yerevan City Hall launches new website for easy travel ticket purchases
... one parent or are orphans (free travel) People with disabilities of the 1st and 2nd degrees (free travel) Orphanage residents and nursing home residents People receiving state benefits or assistance (20% discount) Heroes of the former USSR, Socialist Labor Heroes, national heroes of Armenia, and holders of the Order of Glory (free travel) Parents with four or more children (free travel)
12/23/2024Armenia proposes 7-hour workday; Providing justifications
... been made in Armenia to reduce the working day to 7 hours (currently 8 hours), and accordingly reduce the weekly working hours from 40 to 35, while maintaining wages. These changes are proposed in the draft law "On Amendments and Additions to the Labor Code of the Republic of Armenia," which has been posted on the legislative initiative website e-draft.am . "International experience and various studies show that reducing weekly working hours does not negatively affect the economy. On ...
12/23/2024Yerevan's public transport revolution: What passengers can expect in 2025
... individuals with 1st and 2nd degree disabilities. Free transport for children from orphanages and residents of retirement homes, as well as individuals receiving government benefits and assistance. 20% discount for heroes of the former USSR, Social Labor heroes, national heroes of Armenia, and holders of the Order of Glory. Free transport for parents of large families with four or more children.
12/20/2024IMF outlines measures to boost Armenia's economic resilience and growth
... are crucial for boosting economic resilience and increasing potential growth, said IMF Deputy Managing Director and Acting Chairman Bo Li. "Advancing structural reforms will support sustainable and inclusive growth. Ongoing efforts to increase labor market participation, particularly among youth, women, and vulnerable groups, are crucial," he said. Earlier, the IMF Resident Representative in Armenia, Umang Ravat, presenting the Caucasus and Central Asia: Economic Outlook and Policy Challenges ...
12/18/2024Yerevan Vice Mayor appeals to prosecutor general over bus drivers' strike
... morning. "There are no negotiations taking place at the moment. We have outlined their responsibilities and the consequences of their actions – no one is being held there against their will or forced to work," he said. Grigoryan noted that the Labor Code allows for the dismissal of an employee in cases of loss of trust, especially when financial damage occurs. In light of the ongoing situation, it was decided to apply the most severe penalty provided by the Labor Code – dismissal. He also ...
12/03/2024Yerevan faces public transport collapse: City Hall reveals reason for drivers' strike
... of blackmail. "We would like to remind you once again that the driver's net salary for 15 days per month is 401,500 drams (MAN buses), 309,500 drams (Zhong Tong buses), and 219,500 drams (Gazel City)," Kostanyan wrote. He recalled that the labor legislation of stipulates that employees of the city's public transport organization must notify at least 14 days in advance before starting a strike. Furthermore, they are required to ensure that minimal conditions are maintained during the strike ...
12/03/2024IMF forecasts inflation in Armenia at 0.2 percent in 2024 and 3.1 percent in 2025
... Representative in Armenia Umang Rawat, presenting the report "Caucasus and Central Asia: Economic Outlook and Political Challenges." He noted that the pressure, which in 2022 and early 2023 was caused by a number of factors, including the influx of labor from Russia and India, as well as the integration of refugees from Nagorno-Karabakh into the labor market, is gradually decreasing. According to Rawat, after a significant increase in 2022, inflation was reduced thanks to the implementation of ...
11/26/2024IMF: Armenia's economy to grow by up to 5.5% by 2028
Armenia's economy has the potential for annual growth of up to 5.5% over the next five years, provided that structural reforms and opportunities for labor force integration are realized, said Umang Rawat, IMF Resident Representative in Armenia, while presenting the report Caucasus and Central Asia: Economic Outlook and Policy Challenges. YEREVAN, November 26. /ARKA/. Armenia's economy has the ...
11/26/2024Armenia's workforce exceeds 776,000 : Top 6 employment sectors
The number of formally employed individuals in Armenia's labor market reached 776.8 thousand by the end of September 2024, a 5.6% increase compared to September 2023. YEREVAN, November 22. /ARKA/. The number of formally employed individuals in Armenia's labor market reached 776.8 thousand by the end of ...
11/22/2024Financial aid for forcibly displaced Artsakh residents in Armenia to be reduced
... residents of Artsakh (Nagorno-Karabakh). Currently, refugees who do not own property in Armenia receive monthly financial assistance of 40,000 drams for housing rental, plus an additional 10,000 drams for utility costs. According to the Minister of Labor and Social Affairs, Narek Mkrtchyan, starting from April 2025, assistance will be provided only to minors, pensioners, individuals who have lost a breadwinner, and persons with disabilities of groups I or II. The amount of assistance provided is ...
11/21/2024Unemployment in Armenia in Q2 rose to 13.8% from 11.7% a year earlier - WB
... 2024, driven primarily by increased male unemployment, according to World Bank's 'Armenia Monthly Economic Update – November 2024'. The increase in total unemployment is largely attributed to the influx of refugees, who have yet to integrate into the labor market. Urban unemployment also increased more than rural unemployment. Additionally, between 2022 and 2023, the economically active population grew 2.3 percent. Babken Tunyan, deputy chairman of the parliamentary committee on economic affairs from ...
11/20/2024Yerevan approves fare discounts on public transport
... orphaned students (free), persons with disabilities of the 1st and 2nd degrees (free), pupils of orphanages and residents of nursing homes, persons receiving benefits and assistance from the state (20% discount), heroes of the former USSR, Socialist Labor Heroes, national heroes of Armenia, holders of the Order of Glory (free), parents from large families with 4 or more children (free). About unified ticket system Now in Yerevan, one trip in bus and metro costs 100 drams, in trolleybus - 50 drams....
11/19/2024Yerevan city hall sees no issues for launching unified ticket system from next January 1
... parent or orphaned students (free), persons with disabilities of 1st and 2nd degree (free), children from orphanages and residents of nursing homes, individuals receiving state benefits or assistance (20% discount), heroes of the former USSR, Socialist Labor heroes, national heroes of Armenia, and holders of the Order of Glory (free), as well as parents in large families with four or more children (free),” Grigoryan noted. Commenting on the question of benefits for displaced persons from Nagorno-Karabakh,...
11/19/2024Assistance program for Nagorno-Karabakh refugees extended until March 2025 – Minister
The Armenian government has extended until 2025 March an assistance program, designed for refugees from Nagorno-Karabakh, Labor and Social Affairs Minister Narek Mkrtchyan said today. The assistance amount is 50,000 drams for each refugee. YEREVAN, November 4. /ARKA/. The Armenian government has extended until 2025 March an assistance program, designed for refugees from ...
11/04/2024Armenia sees 6.9% decline in tourist arrivals over first nine months of 2024 - Minister
... Russia. However, tourists from other countries increased by approximately 8.4%, driven mainly by visitors from Iran, India, and China," Hovhannisyan stated during budget discussions in parliament. The minister also noted a decline in the number of labor migrants from India based on the information he has. According to the Tourism Committee of the Ministry of Economy of Armenia, around 1.72 million tourists visited Armenia in the first nine months of this year. This represents a 6.88% decline compared ...
10/28/2024Armenian women earn around 30 percent less than men for the same work, according to the World Bank’s new assessment
Less than half of working age women in Armenia participate in the labor force mainly due to caregiving responsibilities for children and disabled family members. YEREVAN, October 16. /ARKA/. Less than half of working age women in Armenia participate in the labor force mainly due to caregiving responsibilities for ...
10/16/2024Armenia plans to fully switch to electronic labor contracts from 2026
The Armenian Parliamentary Committee on Labor and Social Affairs at a Tuesday session gave a positive conclusion to the draft law on full transition to electronic labor contracts from 2026. YEREVAN, 16 October. /ARKA/. The Armenian Parliamentary Committee on Labour and Social Affairs at ...
10/16/2024Vorotan Cascade owner to invest more than $14 million in 2024-2026.
... of Tatev HPP for AMD 1236.3 million; automation of mechanisms of main and auxiliary valves of 4 reservoirs, introduction of remote control - AMD 870.1 million. Besides, AMD 504 million will be allocated for “improvement of environmental protection, labor protection and technical support operations”; AMD 353.9 million will be allocated for “collection of data on dams and hydraulic structures, drawing up project documentation for their rehabilitation and increasing their stability”. About Vorotan ...
09/26/2024Armenian parliament approves controversial bill on illegally dismissed workers
The Armenian National Assembly today approved in the first reading a package of amendments to the Labour Code, which restrict the rights of employees dismissed by the employer with violations of the law. YEREVAN, 10 September. /ARKA/. The Armenian National Assembly today approved in the first reading a package of amendments to the Labour Code, which restrict the rights of employees dismissed by the employer with violations of the law. According to the current legislation, if the court decides...
09/10/2024Armenia's economy to grow at 5% annually through 2027, S&P predicts
... growth rate surpasses that of the pre-pandemic decade YEREVAN, August 26. /ARKA/. Armenia's economy is projected to grow at an annual rate of approximately 5% through 2027, supported by increased productive capacities due to past inflows of capital and labor, particularly in the ICT sector, according to a forecast by international credit rating agency S&P Global Ratings. This growth rate surpasses that of the pre-pandemic decade, reflecting positive impacts on Armenia's economic structure and production ...
08/26/2024EDB report highlights economic growth risks for Armenia due to sector concentration
... economy. This scenario could reduce external demand and remittance levels for Armenia, increasing devaluation pressure on the Armenian dram. The EDB further notes that the economic growth driver of 2022–2023 might become a risk factor. Capital and labor resource outflows pose significant threats to the economy and the stability of the national currency. A net outflow of cross-border remittances could lead to a sharp depreciation of the dram and a spike in prices.
08/05/2024Armenia records highest unemployment rate among EEU countries in Q1
... the countries of the Eurasian Economic Union (EEU) in the first quarter of 2024, the Eurasian Economic Commission (EEC) reported on Friday. Based on the International Labour Organization's methodology, the unemployment rate in the EAEU was 3.2% of the labor force, with Armenia's rate at 15.5%. In comparison, the unemployment rates for other EEU member countries were significantly lower: Belarus at 3.3%, Kazakhstan at 4.7%, Kyrgyzstan at 4.9% (2022 data), and Russia at 2.8%. Overall, the number of unemployed ...
07/12/2024Armenia to implement new welfare assessment model, replacing family benefits
Citizens seeking benefits will be required to also seek employment YEREVAN, July 11. /ARKA/. The Armenian government approved changes to introduce a new model for assessing neediness, the country’s Minister of Labor and Social Affairs Narek Mkrtchyan announced on Thursday. The reforms will replace family benefits with need-based allowances. Mkrtchyan stated that the new allowances will be provided to families whose monthly income falls below a threshold, which ...
07/11/2024Armenian government extends social support for families of missing persons and hostages
... 300,000 drams per family through June. In total, 23 beneficiary families will receive 13.8 million drams for July and August. The funds required for this support will be sourced from the reallocation of budgetary resources assigned to the Ministry of Labor and Social Affairs of Armenia.
07/04/2024Eurasian Fund for Stabilization and Development presents new environmental and social policy project
... These are activities and projects that contradict the law or the obligations of the recipient of funds under international treaties, conventions and agreements. The EFSD, for example, does not finance projects that involve the use of forced and child labor, projects in the gambling business, as well as those involving the sale of weapons, ammunition, or alcoholic beverages. “The developed environmental and social policy of the EFSD is in line with the most advanced global approaches and is harmonized ...
06/05/2024European Education Foundation experts to assess Armenia's secondary vocational education system
... arrived in Yerevan at the invitation of the center he heads to study the Armenian education system. "The experts plan to meet with various beneficiaries - students, experts, representatives of employers' unions, Ministry of Economy, Ministry of Labor and Social affairs. They are to provide us with the necessary consultations and will present their considerations to us on May 23. After that ANQA and the whole system of secondary vocational education will get down to business and improve the current ...
05/20/2024Armenian government approves program to support refugees from Nagorno-Karabakh
... Nagorno-Karabakh- to provide them with housing. YEREVAN, May 16. /ARKA/. The Armenian government has approved today a new plan of actions designed to support the forcibly displaced persons from Nagorno-Karabakh- to provide them with housing. Labor and Social Affairs Minister Narek Mkrtchyan said that the program consists of several components, namely provision of a certificate for buying an apartment or a private house or a certificate for building a private house. The beneficiaries of the ...
05/16/2024Search result 1 - 50 of 1435
First | Prev. | 1 2 3 4 5 | Next | Last
Sort by relevance | Sorted by date
