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Armenian government seeks to raise public sector wages and pensions
Mesrop Arakelyan, an aide to Armenian prime minister, said today that the government was looking into ways to raise public sector salaries and pensions. YEREVAN, August 8. /ARKA/. Mesrop Arakelyan, an aide to Armenian prime minister, said today that the government was looking into ways to raise public sector salaries and pensions. Speaking at a news conference he said the government just ...
08/08/2018Armenian president promises tangible salary and pension rise form July
Armenian president Serzh Sargsyan said at a meeting with journalists yesterdays that public sector wages and pensions will see a tangible rise from July 1. YEREVAN, March 19. / ARKA /. Armenian president Serzh Sargsyan said at a meeting with journalists yesterdays that public sector wages and pensions will see a tangible rise from July 1. "During the ...
03/19/2013Public sector salaries to surge by 40 percent from next July
..., Prime Minister Tigran Sargsyan said today after the extraordinary Cabinet session. YEREVAN, September 28. / ARKA /. Pensions in Armenia will rise by 15 percent from January 1, 2014 and the public sector salaries will grow by 40 percent from next July, Prime Minister Tigran Sargsyan said today after the extraordinary Cabinet session. Head of government staff Vache Gabrielyan presented a draft law "On wages," which envisages introduction of the pay scale. According to him, the bill provides for adjustment of public sector ...
09/28/2013Top five financial laws and decisions that enter into force in 2020
... pawnshops will pay state duties, while private taxi drivers will be exempted from it. For public catering companies, the sale tax is reduced to 6% of the turnover minus 3% of... ... to 6%), sunflower and butter (from 13% to 15%), dairy products (- from 13% to 15%). Pensions, salaries and benefits will increase The good news is the rise in pensions... ... institutions, in playgrounds. The fine for smoking motorists has been raised to 10 minimum wages. In addition, there are certain rules for the sale of tobacco, as well as restrictions...
01/13/2020No wage increase for public sector workers next year: Minister
... Vache Gabrielian said November 1 that although the draft budget for 2012 envisages an increase in social spending, however, public sector wages will not be raised. YEREVAN, November 2. / ARKA /. Armenian finance minister Vache Gabrielian said November 1 that although ... ... parliament hearings on 2012 draft budget. According to the minister, in terms of overcoming poverty the main factors are the level of pensions and social benefits, which are earmarked to increase next year. "Pensions in the average will amount to 31,500 drams ...
11/02/2011Pension rise to bring down the number of poor Armenians by about 32,000 - prime minister
The rise in retirement and old age pensions to come into force from 2014 January will bring down the number of poor Armenians by about 32,000, Prime Minister Tigran ... ... year’s draft budget. Under a lately revised law on salaries the pensions will increase by 15% from 2014 January and public sector employees will see a 40 percent rise from July next year. According to the prime minister, the rise will benefit ...
10/28/2013Pensions to be increased 10% in Armenia
Armenian Prime Minister Nikol Pashinyan told journalists on Thursday before the government’s meeting that pensions will be increased 10% in the country on January 1, 2020. YEREVAN, July 11. /ARKA/. Armenian Prime Minister Nikol ... ... Wednesday night at an extraordinary closed-door meeting, chaired by Prime Minister Pashinyan, the 2020-2022 program of medium-term public spending of Armenia and decided to increase pensions. The premier also remembered that teachers will have their salaries ...
07/11/2019Social tension to be avoided through increasing pensions, allowances and salaries of public servants in Armenia
Armenian authorities can avoid social tension and will compensate for the imminent inflation by increasing pensions, allowances and salaries of public servants, believes Hakob Hakobyan, head of parliamentary commission of social affairs. YEREVAN, June 5./ARKA/. Armenian authorities can avoid social tension and will compensate for the imminent inflation by increasing pensions, allowances ...
06/05/2013Coefficients set for public sector pay in Karabakh
Coefficients for public sector pay were set at a government meeting in Nagorno-Karabakh Republic (NKR),... ... reported. NKR’s minister of finance and economy Spartak Tevosyan said the minimum wages will be 50,000 drams in the country as from July 1. Ratios applied in Armenia... ... minister stressed the importance of salary increase in mitigating the social tense. Pensions were increased by 17.6% as from January 1 2014. Harutiunyan said the new pay...
06/20/2014Armenian parliament votes to raise retirement pensions of judges, prosecutors and investigators
Armenia’s National Assembly has approved today in the first reading a set of amendments to the law on social security of persons holding public office, which call for raising the size of retirement pensions of judges, prosecutors and investigators. YEREVAN, March 2. /ARKA/. Armenia’s National Assembly has approved today in the first reading a set of amendments to the law on social security of persons holding public office, which call for raising ...
03/02/2022Widespread fraud in payment of state pensions handled by large group of investigators
Armenia’s prosecutor general, Aghvan Hovsepian, said today the inquiry into a widespread fraud, embezzlement of public funds and abuse of power in the payment of state pensions and benefits is being handled by a large group of investigators. YEREVAN, August 24. / ARKA /. Armenia’s prosecutor general, Aghvan Hovsepian, said today the inquiry into a widespread fraud, embezzlement of public funds and abuse of power ...
08/25/2011One million people in Armenia have their salaries and pensions increased
Since May 2018, some one million employees and pensioners in Armenia have had their salaries and pensions increased, Prime Minister Nikol Pashinyan said in a Facebook post today. YEREVAN, February 26. /ARKA/. Since May ... ... Minister Nikol Pashinyan said in a Facebook post today. He said pensions rose by 10% on January 1, 2020. Also, almost 200 thousand public sector workers have had their salaries increased by 10%. The minimum wage also raised from 55,000 drams to 68,000 drams....
02/26/2020Some 27% of government spending channeled into payment of pensions and allowances
About 27% of the government’s spending in 2017 was channeled into the payment of pensions and various social allowances, Minister of Finance Atom Janjughazyan said today during a hearing in parliament on the ... ... He said the second largest expenditure were capital investments - 22%, including the amount released for the servicing of the public debt, which increased last year to 8% from 7% a year earlier. He also said that the total government spending last year ...
05/29/2018Pensions to be increased by 3 thousand drams in Armenia by the project of the state budget for 2012 – Finance Ministry
The project of state budget of Armenia for 2012 envisages increase of pensions by 3 thousand drams - to 31.3 thousand compared to the current 28.4 thousand drams, said first Deputy Minister of Finance ... ... non-financial expenditure. Some 46.2% are projected as social spending (education, health, social security), 19.8% as defence, public order and national security spending, 13.2% are planned for economic boost, 4.5% are projected to pay off Armenia’s ...
09/30/2011Projected GDP growth in Armenia downgraded, competition limping on both legs - Manaseryan
... situation in the country, but the impact on the economic situation as a whole will be meager. Unless due to a slight increase in pensions and minimum wages, people will buy a little more than before. But we must bear in mind that the minimum wage is the price for us not to starve ... ... to these changes. ARKA - According to the Ministry of Economy, the next issue of Eurobonds will reduce the level of Armenia's public debt, the ratio of which to GDP will drop to 49%. What do you think about it? Manaseryan - The reduction in public debt ...
02/20/2020President Sargsyan: people to get employment and sufficient wages as economy develops in Armenia
... told residents of Sisian town (Syunik province) that employment rate and sufficient wages are highly important aspects in the country’s economic development course. ... ... “We have accomplishments in statehood formation, defense capabilities fortification, public relations organization, and today we can concentrate on finding solutions for... ... development. The president also brought into light the fact that social expenses, including pensions and allowances, in Armenia had increased significantly over the recent years...
04/18/2012Premier: pensions in Armenia to rise 15% and public sector employees’ salaries 40%
Pensions in Armenia will rise 15% on January 1, 2014, and the public sector’s employees will have their salaries increased by 40%, starting from July 1, 2014, Armenian Prime Minister Tigran Sargsyan said on Saturday at the Cabinet’s extraordinary session convened to discuss the 2014 draft government budget. ...
09/28/2013Armenian government intends to increase pensions, social benefits and public sector employees’ salaries in January 2014
Armenian government is planning to increase pensions, social benefits and public sector employees’ salaries on January 1, 2014, Labor and Social Affairs Minister Artem Asatryan said on Tuesday. However, he refrained from indicating how much they will be increased. YEREVAN, June 4. /ARKA/. Armenian government is planning ...
06/04/2013Armenia's public debt in 2023 expected to amount to AMD 4.625 trillion or 49.6% of GDP- Finance Minister
... also the draft budget has earmarked 272 billion drams (10.5% of the projected total spending, or 2.9% of GDP) to service the public debt in 2023. The minister said also that interest rates on both external and domestic loans are expected to rise. "The ... ... government of Nagorno-Karabakh. Finance Minister Tigran Khachatryan said the Karabakh government will use this money to pay wages, pensions and finance other socially important projects. ($1 - 395.83 drams). -0-
11/16/2022Armenia's economic growth in 2022 expected to be close to record levels - Economy Minister
... close to record levels, Economy Minister Vahan Kerobyan said in an interview with the Public Television of Armenia. According to the National Statistical Committee, Armenia's... ...," he said, adding that the government is working to avoid this by raising minimum pensions and wage starting January 1, 2023, and creation of new jobs. "In 2 years... ... people will lose their jobs," he said, adding that there are some areas where wages have not risen as fast as inflation. At the same time, according to Kerobyan,...
11/30/2022Armenian budget spending on pensions to be increased by AMD 20 billion in 2019
Armenian budget spending on pensions will be increased by AMD 20 billion in 2019, Armenian Finance Minister Atom Janjughazyan told journalists on Thursday.... ... AMD 1 trillion 396 billion. The 2019 draft budget spending is dominated by social and cultural segments – 44%, defense and public order maintenance segments are planned to receive 24% of the spending, real sector of the economy 12.3%, state debt service ...
10/05/2018In 2016 social protection spending to grow by 3.8% to 405.5 billion drams
... Speaking today at a parliamentary discussion of the next year’s draft budget, the minister said the amount earmarked for labor pensions will reduce by 0.8% from 2015 to 223.8 billion drams 'because the total number of pensioners, according to the ministry’s ... ... government’s co-financing of funded pensions will increase by 46.5% to 26.7 billion drams, due to the increasing number of public sector employees embraced by the system. Their number, according to the minister is expected to grow from 118,700 in 2015 ...
11/04/2015Poverty level falls in Armenia: ministry of finance
... said. The ministry of finance expects the poverty will be at 32.1% and the extreme poverty at 2.7% in 2013, with poverty line being at 37,468 drams. Sargsyan also said the poverty will be slowly going down also in 2014 due to increase in salaries and pensions. Under the new law of remuneration and amendments to the law about state pensions, pensions will be raised by 15% in Armenia as from January 1 2014. Public servants’ salaries will be increased by 40% as from July 1 2014. –0—
10/28/2013Pashinyan says Armenia’s informal sector stands at about 40 percent
... for the next five years. “I don’t know how realistic these figures are, but I think they are very close to reality,” said Pashinyan. He said the government must fight the informal economy to ensure economic growth, fund its projects and raise public sector wages and pensions. According to him, 6 billion drams are needed to raise average pension amount by 1,000 thousand drams, and 30 billion drams are needed to increase pensions by 5,000 drams. According to Pashinyan, these funds can be found by cutting the informal ...
02/12/2019Human rights activist says Armenia’s pension system is a financial ‘pyramid ‘
... from the opposition Revolutionary Federation/Dashnaktsutyun party, who said the law on pensions that was passed in the final reading by the parliament late last month will... ... born after 1973 pay social security taxes equivalent to 5 percent of their monthly wages, which will be matched and doubled by the government. That money has to be deposited... ... pension funds licensed by the government late last December. The law applies only to public sector employees so far and will be extended to private sector as well in several...
07/16/2015Social Expenditure Major Part of Armenia’s On-Budget Expenditures Next Year
... draft budget at a joint meeting of parliamentary commissions. The share of education, public health and social security will be 47.2% of the total on-budget expenditures... ... 23bln AMD or 22.2% as compared with this year. “It will allow us to raise the wages of teachers, administrative and auxiliary personnel,” T. Sargsyan said.... ... families, not only to socially vulnerable ones. A total of 181bln AMD are budgeted for pensions next year – an increase of 15% as compared with this year. The average...
10/27/2008Protests against compulsory fund pension system to be staged outside finance ministry building in Yerevan
... all those citizens born later than Jan 1, 1974. The accumulated funds will enable future retirees to shape the size of their pensions at own discretion. Under the reform plan, people will send to their accumulative pension account 5% of their salaries ... ... but no more than AMD 25,000, will be added by the government. Manukyan said that the aim of the protest action is to show public disaffection for the pension system imposed on people and for “the total pressure the finance ministry makes on many ...
03/05/2014Tariff increase should be postponed in Armenia for 3 months to allow for the audit – expert
... said. Prices for first need goods are a price forming factor, and they should not be raised without compensation, in terms of wages and pensions in particular, the expert said. If there is no chance to leave the price unchanged, it should be raised only from the New Year, after the new budget is formed, according to the economist. ‘ On June 17, 2015, Armenia’s Public Service Regulatory Commission raised the electricity tariff by 6.93 drams ($0.015 or 16.7%) per kilowatt-hour effective ...
06/29/2015High purchasing power of Armenian national currency to help offset its devaluation –polling center head says
... of Armenian households for whom money remittances are the only source of income, while public sector workers, pensioners and families depending on allowances are losing,’ he said adding that this in mind the government should revise upwards the pensions and allowances as well as public sector wages. The value of the USD against the dram has grown from 415 drams on November 17 to 452.50 drams on December 8. -0-
12/08/2014IMF and Armenian authorities reach agreement on 38-month extended fund facility worth $125 million
... expected to provide a stimulus in 2014, as additional domestic resources will be devoted to capital outlays, and civil service wages and pensions are increased after several years of erosion. The headline deficit (excluding a one-off transfer) is expected to increase ... ... (preliminary) to 2.3 percent in 2014, before coming back down to 2.0 percent in 2015 and 1.8 percent in 2016–17, a level at which public debt will begin to be reduced. Revenue increases will contribute to a reduction of outstanding tax credits in 2015, and ...
02/05/2014Armenian pension reform should have been linked to pay raise in July – expert
Introduction of the mandatory funded pension system should have been linked to the expected public servant pay raise in July, said professor Ashot Tavadyan, head of mathematical modeling chair, State Economic University ... ... salaries will be increased by 40%”, Tavadyan said in his interview to ARKA. Earlier, Armenia’s premier Tigran Sargsyan said pensions will be raised by 15% as from January 1 and public servant salaries by 40% as from July 1. Tavadyan said there is an ...
02/18/2014Deputy: Referendum On Introduction Of New Pension System To Be Conducted In Armenia
Public referendum will be conducted on the introduction of new accumulative pension system in Armenia, member of opposition faction ... ... will not provide worthy pension for our pensioners in future. I suggest the government not to discuss the draft law “On Pensions” and solve this issue through public referendum”, said Minasyan in the parliament meeting on Monday. In its ...
12/21/2010Birth rate stabilizes in Armenia
... past five years, according to Anahit Galstyan, head of a department at the Ministry of Labor and Social Affairs, in charge of pensions and other social payments. YEREVAN, May 15. /ARKA/. The number of families in Armenia with five or more children ... ... non-working women in 2019 was 126,645 drams, growing to 156,645 drams in 2022, and to 172,697 drams in 2023. Mher Manukyan, Public Affairs Coordinator at the UN Population Fund's Armenia Office, said families in Armenia often want to have 3 children,...
05/15/2023Armenian social affairs ministry introduces new instant servicing system
The new system introduced by the social service of Armenia allows providing requested information sheets for formalizing pensions and benefits just in 15 minutes, Artem Asatryan, labor and social affairs minister, told journalists on Wednesday. ... ... to Armenian citizens who live abroad. «The best instrument combating corruption is introduction of such systems as well as public awareness,» the minister said. The new system has been developed with USAID support. --0----
02/01/2017Government would not resign, if constitutional court declares new pension scheme unconstitutional, minister
The Armenian government would not resign, if the Constitutional Court declares the law "On the Funded Pensions” unconstitutional, finance minister David Sargsyan said Tuesday in Parliament. YEREVAN, March 25. / ARKA /. ... ... the basis for the government's resignation, "Sargsyan said. He said the government did a great deal of work to make the public at large learn about the pension reforms, but part of the society continues to protest against this reform ‘because ...
03/25/2014Armenian pension funds have raised 124 billion drams
... Minister Atom Janjughazyan told an extraordinary session of the parliament today. Armenian pensions funds are managed by AMUNDI-ACBA ASSET MANAGEMENT CISC and C-QUADRAT AMPEGA... ... born after 1973 pay social security taxes equivalent to 5 percent of their monthly wages, which was to be matched and doubled by the government. Under the latest government-designed... ... equivalent to 2.5% of their monthly income, down from 5%. It is now mandatory for public sector employees only. The law is to become mandatory for private sector too...
06/19/2018Armenian opposition to challenge new pension scheme at highest court again
... 1973 must pay social security taxes equivalent to 5 percent of their gross monthly wages, which will be matched and doubled by the government. However, the reform triggered... ... in April. The government responded by making the pension reform mandatory only for public sector employees. The law will cover private entities only from July 2017. Speaking... ... implementation of social norms stipulated by the Constitution, including, selection of a pensions scheme that runs counter to the constitutional norms. "I am confident...
09/09/2014Government budget performed in Armenia with amd 20.1 billion surplus in January
... billion in Jan 2011, compared with Jan 2010. According to the finance ministry’s report, current expenses totaled AMD 2.6 billion in January 2011 (18.4% of the quarterly plan). They grew by 1.4% or AMD 476.8 million due to larger spending on pensions, benefits, wages etc. Of current expenses, AMD 2.6 billion was allocated for paying salaries to public sector employees and AMD 51.2 million as mandatory social payments. The mentioned expenses grew 24.4% and 86.1% respectively in January 2011, compared with Jan 2010. The ministry says AMD 1.8 billion was spent on serving state debt (21.9% of ...
02/24/2011Asian Development Bank revises upward GDP growth outlook for Armenia
... for Armenia for 2017 from 2.2% to 3.8%. According to the latest Asian Development Outlook 2017 Sustaining Development through Public-Private Partnership report, Armenia’s economy in 2018 will grow by 3%, up from its earlier forecast of 2.5%. In the first ... ... a recovery in remittances. Nevertheless, public consumption growth fell by 2%, as the government did not raise salaries and pensions in the public sector. The total amount of investments increased by 7%, despite the decline in gross fixed capital accumulation ...
10/02/2017Armenian parliament vice speaker proposes ten-percent increase of public servants’ salaries
... Naghdalyan, vice speaker of the Armenian National Assembly, has asked Karen Karapetyan, Armenian prime minister, to increase public servants’ salaries by 10 percent. YEREVAN, October 21. /ARKA/. Hermine Naghdalyan, vice speaker of the Armenian ... ... measures to be taken by the government to cut state administration jobs. “Although the program implies increase of salaries and pensions, I would like to ask the prime minister to plan at least slight, 10-percent increase for public sector’s employees,...
10/21/2016Armenian labor ministry admits Audit Chamber revealed abuses in administration of public procurements
... abuses did not entail financial consequences for the budge. He recalled that the Audit Chamber had looked into the process of pensions and benefits payments and the situation at round the clock care centers. He said the Audit Chamber concluded that in ... ... these areas. The head of the Audit Chamber, Ishkhan Zakarian, alleged last month widespread corruption in the administration of public procurements when he addressed the National Assembly. But speaking at a meeting with top government officials on effective ...
07/03/2013Ex-finance minister calls Armenia's draft state budget for 2024 'impressive', but points to capex risks
... situation, and in order to assess the efficiency of the expenditures from the point of view of fiscal policy and management of public finances it is necessary to consider the mid-term and final indicators results of the spending. "The current authorities ... ... budget is unprecedented high level of undertaken commitments regarding the current expenditures, in particular, the increase of pensions or teachers' salaries. The 2024 draft budget projects a 7% growth, as much as in 2023. The government also expects to ...
11/13/2023Department of State: Armenia's investment environment improves, but there are still problems
... the past used selective enforcement to elicit bribes. Judges presiding over civil matters are still widely perceived by the public to be corrupt and under the influence of former authorities. Although bribery is illegal in Armenia, the government does ... ... of Armenia is the primary regulator of the financial sector and exercises oversight over banking, securities, insurance, and pensions. Armenia has adopted IFRS as the accounting standard for enterprises. Data on Armenia’s public finances and debt obligations ...
09/11/2020Robert Kocharyan’s case is largely politically motivated - political scientist says
... constitutional order," levied against Armenia’s ex-president Robert Kocharyan have been in the limelight of the country’s public at large over the last several days. YEREVAN, July 28. /ARKA/. Charges of “overthrowing Armenia's constitutional ... ... expectations are sometimes unrealistic. The society expects sharp and cardinal changes in almost all areas -from salaries and pensions to social lifts and justice. It is clear that serious changes cannot happen easily and quickly. The country’s problems ...
07/28/2018Armenian finance ministry sees no reasons for any price rise in 2018
..., Armenian prime minister, speaking Thursday at a news conference, urged everybody not to be quick in predicting increase in public transport fares. A new tax code comes into force on January 1, 2018. It implies change of some tax rates, including excise ... ... unchanged, compared with the previous year’s budget. It is cut by AMD 362 million or 0.1% to AMD 408.7 billion. Spending on pensions is projected to amount to AMD 236 billion in 2018 against AMD 248 billion in 2017, and on benefits to AMD 78.6 billion,...
11/06/2017Armenian public services regulatory commission approves new gas prices
The RA Public Services Regulatory Commission has approved the new gas price – 96,000 AMD for 1,000 cubic meters against the present ... ... the population. However, we hope that the Government will make steps. Specifically, last year the Government planned to raise pensions, social allowances and salaries for some population groups,” Nazaryan said. The ArmRosgasprom CJSC holds a monopoly ...
02/28/2009Pashinyan:We celebrate the New Year with high spirits, stronger self-confidence, and renewed faith in our own strengths and our future
YEREVAN, January 1, /ARKA/ Dear people, proud citizens of the Republic of Armenia, proud citizens of the Republic of Artsakh, pProud Diaspora Armenians: YEREVAN, January 1, /ARKA/ Dear ... ... as in 2015, 16, 17 altogether. Salaries of the military, rescuers, teachers, foresters, many health workers have increased, pensions, benefits and the minimum wage will be raised as of January 1, 2020. We have implemented social programs: since 2003,...
01/01/2020Strategy of judicial reforms for 2019 to 2023 upheld by Armenian government
... up for sorting through mass violation of human rights committed since 1991 in elections, post-election political repressions, public property alienation, military service in inhuman conditions etc. The committee will operate two years with an opportunity ... ... tarnished reputation of their powers. On the other side, those judges who meet all requirements will enjoy appropriate salaries, pensions and perks. Grigoryan also said that the vetting procedure will not be a temporary measure - judges will always be under ...
10/11/2019Armenian labor minister presents amendments to accumulative pension law to government
... system,” she said. “The law applying to hundreds of thousands of citizens should be proper to give grounds for a long-term public confidence. Not only social payments, but also belief that every dram paid by Armenian citizens is used effectively should ... ... January 1, 2014 and it applies to all those citizens born after January 1, 1974. Since some provisions of the law on accumulative pensions was found not corresponding to the Constitution, the obligatory component applied only to the public sector’s employees....
05/25/2018Residents of provinces less prone to link their well-being with authorities’ performance
... well-being with the authorities’performance when compared to residents of the capital city, according to the findings of a recent public opinion survey conducted by Sociometer polling center, which were announced today by its head Aharon Adibekyan. YEREVAN,... ... found that 36.1% of respondents believe the most important social task is to create more jobs, 14.4% said it is increasing pensions and social benefits, 8.3% said medical services should be more available while another 47% believe that resumption of ...
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