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Amundi-Acba makes huge investment in Armenian economy
... economy. The activity carried out by Walnut Farms is an innovation, which will soon create a new industry in the country and the vision of development foresees the products be exported abroad. In addition to creating jobs, developing the local market and economy, Walnut Farms, creates an ecosystem in the country that contributes to Armenia in becoming a part of the global economy by introducing the latest technologies into business processes”. Hrayr Aslanyan, the Deputy Executive Officer at Amundi-Acba Asset ...
07/19/2023Reforms of second generation necessity in Armenia
Armenia must carry out reforms of the second generation at a very high rate, the Prorector for University Education Development, Russian-Armenia (Slavonic) University, former minister of finance and economy of Armenia, Professor Edward Sandoyan stated in YEREVAN, August 21. /ARKA/. Armenia must carry out reforms of the second generation at a very high rate, the Prorector for University Education Development, Russian-Armenia (Slavonic) University,...
08/22/2007Armenia needs a strategy to develop green economy
... interview with ARKA news agency, Gagik Makarian, the chairman of the National Union of Employers of Armenia, speaks on the prospects of its development and possible introduction of "green technologies" in Armenia. The concept of "green economy" is a relatively new and promising direction in economic science. In an exclusive interview with ARKA news agency, Gagik Makarian, the chairman of the National Union of Employers of Armenia, speaks on the prospects of its development and ...
10/18/2012Ambassador: Germany is ready to cooperate with Armenia in the sphere of “green economy”
Germany is ready to cooperate with Armenia in the issues of support to the development of “Green economy” in the country, said Ambassador of Germany in Armenia Hans-Jochen Schmidt in the conference on the topic “Green economy”. YEREVAN, December 6. /ARKA/. Germany is ready to cooperate with Armenia in the issues of support to the development ...
12/07/2011IMF Resident Representative to Armenia on economy, agreement with EU and poverty
... YEREVAN, December 21, /ARKA/. Armenia became a member of the International Monetary Fund in 1992. Since then, the IMF has extended financial support to Armenia in the framework of nine programs. What does the Fund project with respect to Armenia’s economy in 2018? What will the Comprehensive and Enhanced Partnership Agreement with the EU bring to the country? How does Armenia’s economy look in comparison to other countries in the region? What is to be done in relation to poverty? These and other ...
12/21/2017Impact of coronavirus on global economy and Armenian economy to be short-term - central bank
The impact of coronavirus on the global economy and the Armenian economy will be short-term, according to the Central Bank of Armenia. It said it was closely monitoring the developments in the global economy in connection with the coronavirus. "According to current estimates, the impact ...
03/09/2020Monetization of Armenia’s economy hit 33,8% in 2012
Monetization of Armenia’s economy rose by 11.9 p.p. throughout 2007-2012 to 33.8% in 2012. YEREVAN, April 29./ARKA/. Monetization of Armenia’s economy rose by 11.9 p.p. throughout 2007-2012 to 33.8% in 2012. Monetization of economy is a key indicator of money supply ...
04/29/2013EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)
There is no risk of “overheating” in the Armenian economy due to increased investments in construction and lending. YEREVAN, December 12. /ARKA/. There is no risk of “overheating” in the Armenian economy due to increased investments in construction and lending. This was stated by Alexei Kuznetsov,...
12/12/2024Global recession or just an adjustment: what awaits Armenia amid the "storm" in the world stock markets
... NASDAQ Composite index fell 6.35 per cent to 15710.53 points. Despite the fact that the next day indices and shares of companies began to recover the fall, many experts said that such a sharp decline is an indicator of significant problems in the world economy, and what happened may be a harbinger of a new global crisis. Tatul Manaseryan, Head of the Alternative Research Centre, and economist Hrant Mikayelyan shared their opinions on the development of the situation and its possible impact on Armenia ...
08/07/2024Sustainability concept to become economic policy’s pivot after coronavirus – Hergnyan
The economy of Armenia is experiencing difficult times because of the crisis caused by the coronavirus. Different experts give a wide variety of forecasts. What awaits the Armenian economy, what are the development forecasts, how productive are the measures ...
05/11/2020Coronavirus outbreak in China cannot have serious impact on Armenian economy -minister says
The coronavirus outbreak in China cannot have a serious impact on the Armenian economy, Minister of Economy Tigran Khachatryan said during a Q&A parliamentary session today. YEREVAN, February 12. /ARKA/. The coronavirus outbreak in China cannot have a serious impact on the Armenian economy, Minister of Economy Tigran Khachatryan ...
02/12/2020Written interview with DMD Mr. Tao Zhang - ARKA (Armenia)
In its latest April review, the IMF has raised its outlook for global economy growth. In spite of this, economists, analysts, and representatives of states are pessimistic about the future prospects of the global economy. YEREVAN, June 8. /ARKA/. In its latest April review, the IMF has raised its outlook for global ...
06/08/2017Armenia’s economy drifting into recession amid dramatic decline in foreign trade and transfers
... outside shocks. YEREVAN, May 14. /ARKA/. Today many international financial organizations have already worsened their outlooks for economic growth in Armenia in 2015, which was badly affected by outside shocks. Some organizations say the country's economy will slow down and GDP growth will come close to zero, other organizations predict a recession and some forecast even decline. According to the central bank's latest report, economic growth in Armenia is predicted to be 0.4-2% in 2015 as in ...
05/14/2015IMF forecasts 4 percent GDP growth for Armenia in 2012, but says there is growth potential
... structural benchmarks in a variety of areas regarding tax policy, tax administration, conduct of monetary policy, financial sector monitoring and supervision, and social policies. 2. What size of investments does the IMF plan to make in the Armenian economy in 2012 and what sectors will be regarded as a priority? We expect to disburse around USD 100 million this year (but please note this year there will also be large repayments fr om the government to the IMF for USD 156 million). The new disbursements ...
05/22/2012Forbes: Renaissance Capital expects Armenia to have the highest economic growth among Caucasus and Central Asian countries in 2022
... of hundreds of thousands of Russian nationals due to the conflict in Ukraine, according to a Renaissance Capital investment company’s report, the Russian edition of Forbes magazine says. Analysts of the investment company forecast that Armenia’s economy is set to grow by 14% this year, up from its earlier 5% growth forecast. S&P Global analysts pointed out the sharp increase in remittances from Russia as one of the reasons for the double-digit growth of Armenia’s economy, which has supported ...
11/21/2022Armenia-based companies invested record amount in local economy in 2021- minister
Armenia-based companies invested a record-breaking amount in the local economy in 2021 – more than 1.4 trillion drams, Economy Minister Vahan Kerobyan said on May 19. YEREVAN, May 20. /ARKA/. Armenia-based companies invested a record-breaking amount in the local economy in 2021 – more than 1.4 trillion drams, Economy ...
05/20/2022Ministry has not yet looked into possible impact of developments in Russia on Armenian economy- minister
Armenia’s economy ministry has not yet looked into a possible impact of economic and political developments in Russia on Armenian economy, economy minister Vahram Avanesyan told reporters today. YEREVAN, March 11. / ARKA /. Armenia’s economy ministry ...
03/11/2014IMF ready to help Armenia in case of need
... keeps on increasing. However, Armenia may be influenced by the international crisis as it cannot be completely isolated. We cannot yet say for sure, but we have fears that the worsening situation in Russia may influence Armenia because Armenia’s economy is dependent on Russian capital. Specifically, direct investment and money transfers from Russia may decrease. I must say that the exchange price of shares in Russia has fallen by about 80%. However, we do not think that the situation in Russia ...
11/10/2008Economic development more important than recognition of Armenian Genocide - Armenian minister
The number one priority for the Armenian authorities is economic development rather than international recognition of the Armenian Genocide in Ottoman Turkey, Economy Minister Gevorg Papoyan said today, commenting on the earlier statement of Foreign Minister Ararat Mirzoyan, who said that ‘the issue of the Armenian Genocide is not the number one priority in the country's foreign policy.’ YEREVAN,...
10/31/2024First policy dialogue of "GREEN Armenia" joint platform took place
... Sebastian Molineus, Head of the EU Delegation to Armenia Andrea Wiktorin, the Ambassador Extraordinary and Plenipotentiary of the Kingdom of Sweden to Armenia Patrik Svensson, UNDP Resident Representative in Armenia Natia Natsvlishvili, Minister of Economy Vahan Kerobyan, and representatives of other concerned structures. The goal of the GREEN Armenia platform is to combine and optimize policies and investment initiatives for the sake of Armenia's transition to green economy. Today's event was the ...
06/27/2022New economy minister: I will be the representative and the guardian of business community in the government
Vahan Kerobyan, a prominent Armenian businessman, founder and CEO of the food delivery service Menu Group UK Ltd, was picked up by Prime Minister Nikol Pashinyan to replace Tigran Khachatryan as economy minister. YEREVAN, November 27. /ARKA/. Vahan Kerobyan, a prominent Armenian businessman, founder and CEO of the food delivery service Menu Group UK Ltd, was picked up by Prime Minister Nikol Pashinyan to replace Tigran Khachatryan as economy ...
11/27/2020Projected GDP growth in Armenia downgraded, competition limping on both legs - Manaseryan
... new authorities, continuing their predecessors' traditions, underrate the expected economic growth indicator. They are doing it for announce a record performance above target by the end of the year. The 4-to-5-growth is very low, especially given that economy develops only when there are several directions chosen as development engine. Only after that the economic development impacts human development, and this spurs income and spending growth. ARKA – Do you mean it is still early to speak about ...
02/20/2020Armenia: making the velvet revolution work - Global Finance
... to secure the 5% of the vote needed to remain in Parliament, now dominated by Pashinian’s My Step alliance and two smaller pro-reform parties. The new government, broadly supported by President Armen Sarkissian, is losing no time reshaping both the economy and key institutions, particularly the judiciary, after years of mismanagement and corruption. Unlike most “color revolutions” in former Soviet states, Armenia’s stands a good chance of success, observers say, because conditions had simply ...
10/14/2019Artsvik Minasyan to move to another position, but still continues working as acting economy minister
Artsvik Minasyan, acting economy minister of Armenia, told journalists on Friday that he received a new offer for working at a new position in the government. According to media reports, Minasyan will be dismissed as economy minister and appointed as environment minister. ...
09/23/2016Armenia’s informal economy is over 35 percent: IMF
Armenia’s informal economy is more than 35% of its GDP, according to a supplement to an IMF report called "Regional Economic Outlook: the Caucasus and Central Asia." The size of the informal economy, according to the IMF, across this region is more than 75%. ...
11/16/2012First joint board meeting of Armenian Economy Ministry and NKR economy development ministry to take place in Yerevan
Joint board meeting of Armenian Economy Ministry and Nagorno-Karabakh Republic (NKR) Economy Development Ministry took place on Tuesday in Yerevan. YEREVAN, September 14. /ARKA/. Joint board meeting of Armenian Economy Ministry and Nagorno-Karabakh Republic (NKR) Economy Development ...
09/14/2011Armenia's economy has grown by 30% over last three years - Deputy Minister
Armenia's economy has shown a cumulative growth of about 30% over the past three years, Deputy Minister of Economy Rafael Gevorgyan said. YEREVAN, March 14. /ARKA/. Armenia's economy has shown a cumulative growth of about 30% over the past three years, Deputy ...
03/14/2024EDB estimates balanced growth rate of Armenia's economy to be about 4.5% and about 5% in 2024-2025
Alexei Kuznetsov, the head of Eurasian Development Bank's (EDB) Country Analysis Center, explained why EDB analysts expect Armenia's economy growth to be about 5% in 2024 and 2025. YEREVAN, June 13. /ARKA/. Alexei Kuznetsov, the head of Eurasian Development Bank's (EDB) Country Analysis Center, explained why EDB analysts expect Armenia's economy growth to be about 5% in 2024 and ...
06/13/2023Yerevan, Washington to have talks on granting Armenia status of market economy
Armenia and the U.S. will hold talks on granting Armenia the status of a market economy, the press service of the Armenian Ministry of Economy said. YEREVAN, November 28. /ARKA/. Armenia and the U.S. will hold talks on granting Armenia the status of a market economy, the press service of the Armenian Ministry of Economy said....
11/28/2022Armenian minister says ‘we need to develop in new normal environment"
In an interview with the Public Television Armenian Economy Minister Vahan Kerobyan said that the country needs to develop in the "new normal environment’. YEREVAN, September 19. /ARKA/. In an interview with the Public Television Armenian Economy Minister Vahan Kerobyan said that the country ...
09/19/2022Towards digital economy: Acba bank to sponsor Silicon Mountains Summit in Yerevan
The Silicon Mountains Summit dedicated to the introduction of digital smart economy will be held in Yerevan at the initiative of the Union of Employers of Information and Communication Technology (UEICT). YEREVAN, November 15, / ARKA /. The Silicon Mountains Summit dedicated to the introduction of digital smart economy will ...
11/15/2021SRC head explains discrepancy in Pashinyan and official statistics
The head of Armenia’s State Revenue Committee (SRC) David Ananyan provided an explanation for a discrepancy in the figures about the share of the country’s shadow economy, voiced by Prime Minister Nikol Pashinyan and the National Statistical Committee. YEREVAN, March 29. /ARKA/. The head of Armenia’s State Revenue Committee (SRC) David Ananyan provided an explanation for a discrepancy in the figures about ...
03/29/2019IMF estimates Armenia’s informal economy at 36% of GDP
A recent study by the International Monetary Fund (IMF) titled, 'Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) economy at 36% of its overall GDP. YEREVAN, February 7, /ARKA/. A recent study by the International Monetary Fund (IMF) titled, 'Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) ...
02/07/2018EBRD revises downward Armenia’s growth for 2015 to 1.5 percent
Armenia's economy is expected to drop by 1.5% in 2015 and grow by 1% in 2016, the European Bank for Reconstruction and Development (EBRD) said today in its ‘Regional Economic Prospects in EBRD Countries of Operations: May 2015', YEREVAN, May 14. / ARKA ...
05/14/2015Armenian economy must be optimistic about its future, but prepared also for unexpected developments: Minister
Armenian economy must be optimistic about its future, but be prepared also for unexpected developments, economy minister Tigran Davtian said today. YEREVAN, March 7. / ARKA /. Armenian economy must be optimistic about its future, but be prepared also for unexpected ...
03/07/2013A Second Wave of the Crisis in Armenia is Not Likely
... think it is appropriate that the government is using the loans from international donors to provide financing to small and medium enterprises, because SMEs play an important role in ensuring future growth and in fostering the diversification of the economy. All these areas should be the priorities of the budget expenditure policy, so that Armenia will be able to overcome the crisis in a relatively short time. ARKA: Is there a need to take additional measures for stabilization of the financial ...
12/16/2009World Bank left unchanged its spring forecasts for the Armenian economy for 2025-26, but worsened the January ones
The World Bank expects that the Armenian economy will grow by 4% in 2025, by 4.2% in 2026, and by 4.5% in 2027. YEREVAN, June 11. /ARKA/. The World Bank expects that the Armenian economy will grow by 4% in 2025, by 4.2% in 2026, and by 4.5% in 2027. This forecast is contained in the World ...
06/11/2025German consulting company "Berlin Economics" conducted an analysis of the Armenian economy: the Ministry of Economy discussed further plans
The independent German consulting company "Berlin Economics" has analyzed Armenia's economy and presented further plans to the Ministry of Economy of Armenia. YEREVAN, April 3. /ARKA/. The independent German consulting company "Berlin Economics" has analyzed Armenia's economy and presented further plans to the Ministry of ...
04/03/2025Armenian economy back on recovery track, political analyst says
The Armenian economy is back on recovery track, political analyst Aram Safaryan said today at a news conference, recalling that as a result of the coronavirus pandemic and the 44-day war in the autumn of 2020 in the Nagorno-Karabakh conflict zone, Armenia’s economy ...
08/30/2021RAEX-Europe confirms credit ratings of Armenia at ‘BB-; outlook changed from stable to negative
... a repor t. According to it, the change of the rating outlook for Armenia from stable to negative reflects a higher than expected increase in the budget deficit and in debt levels by the end of 2020, together with the anticipated contraction of the economy due to the COVID-19 outbreak, as well as worsened forecasts for 2021. Moreover, the high unemployment rate, the still latent rise of a further escalation of the military conflict in the Nagorno-Karabakh region and the deteriorated external position,...
01/13/2021Another lockdown would be catastrophic for Armenian economy, economist says
Another lockdown that may be triggered by a second wave of coronavirus would have a catastrophic impact on Armenia's economy, economist Karen Sargsyan said today. YEREVAN, September 23. /ARKA/. Another lockdown that may be triggered by a second wave of coronavirus would have a catastrophic impact on Armenia's economy, economist Karen Sargsyan said today. "If ...
09/23/2020Minister: mid-term level of direct investment in economy should reach 23-25% of GDP
Mid-term level of direct investment in the Armenian economy should reach 23-25% of GDP, Minister of Economy Tigran Khachatryan said today when presenting the draft state budget for 2020. YEREVAN, November 14. /ARKA/. Mid-term level of direct investment in the Armenian economy should reach 23-25% of ...
11/14/2019Ustyugova: risks to economic resilience and growth could stem from slower implementation of structural reform agenda in Armenia
Armenia’s macroeconomic indicators show today a steady pace of development. GDP growth, inflation rate and debt burden are within reasonable bounds. How can global economy processes impact Armenia, what risks can threaten the country’s financial sector and what compensatory measures of the tax policy are needed to protect fiscal space? Yulia Ustyugova, IMF Resident Representative in Armenia, answered these and ...
12/13/2018Crackdown on shady dealings – Armenia can drag shadow economy out to legal space
... YEREVAN, June 8. /ARKA/. Armenian Prime Minister Nikol Pashinyan has set a task to the State Revenue Committee to increase the budget revenue. He said that appropriate agencies are obliged to do whatever is necessary to get the country’s huge shadow economy out to the light. He said that the country has money, but the thing is that this money is in a wrong place. The premier instructed the State Revenue Committee, the National Security Service, the Police Department, the Prosecutor General Office ...
06/08/2018Armenian economy ready for possible shocks from Russia
The Armenian economy is prepared for possible shocks that may be triggered by the current situation in the Russian economy, Deputy Minister of Economic Development and Investments Emil Tarasyan told journalists on Wednesday. YEREVAN, April 11. /ARKA/. The Armenian ...
04/11/2018World Bank slashes its forecast for Russian economy over next two years
On Wednesday the World Bank has slashed its forecast for Russia's economy over the next two years, saying growth would stagnate amid a lack of structural reforms and Western sanctions over Russia's role in the Ukraine conflict, RBC reported, citing WB report. I YEREVAN, September 24. / ARKA /. On Wednesday the ...
09/24/2014Expert: $7.9 billion invested in Armenia’s economy for two decades
On Thursday, Vazgen Safaryan, chairman of the Union of Domestic Commodity Producers, answering ARKA News Agency’s question at a news conference, said that $7.9 billion had been invested in Armenian economy’s real sector from the outside for two decades. YEREVAN, September 12. /ARKA/. On Thursday, Vazgen Safaryan, chairman of the Union of Domestic Commodity Producers, answering ARKA News Agency’s question at a news conference, said that ...
09/12/2013Yerghnyan finds not so aggressive investment policy as one of biggest faults in Armenia’s economy
Not so vigorous investment policy is one of the biggest faults in Armenia’s economy, Manuk Yerghnyan, head of the Economy and Values research center, said Wednesday in Novosti International Press Center. YEREVAN, September 4. /ARKA/. Not so vigorous investment policy is one of the biggest faults in Armenia’s economy,...
09/04/2013Consequences of US trade restrictions: economist assesses risks for Armenia's economy
... impose new mirror tariffs on imported goods from 183 countries, including Armenia, starting April 5. Such a decision of the Trump administration may affect Armenia's overall export-import balance. How critical this whole situation may be for the Armenian economy, what are the risks and what alternative markets can compensate for possible losses. Tatul Manaseryan, Doctor of Economic Sciences, Professor, Head of Alternative research center, speaks about this in an exclusive interview with ARKA news agency....
04/03/2025IMF: 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 ...
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