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Artsakh 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 ...
01/15/2025Who must submit 2024 income tax returns and how – clarifications from Armenia's State Revenue Committee
... your SIM card with a new one, and if you switch operators, a new card will be issued. Activate electronic identification with assistance from the mobile operator's support staff. Connect the electronic signature service at the operator's service center ... ... operator through the following methods: Viva-MTS: Hotline: 111 or 093 297 111 Ucom: Hotline: 444 or 011 444 444 Team Telecom Armenia: Hotline: 100 To complete identification using an identification card with an electronic chip, follow these steps: Have ...
01/15/2025Construction sector in Armenia up 14.9% in 11 months to AMD 567bn
... over 567 billion drams (in current prices), according to the National Statistical Committee. YEREVAN, 14 January. /ARKA/. Armenia's construction sector in January-November 2024 grew by about %15% year-on-year to over 567 billion drams (in current prices),... ... construction was financed by communities, 5.1% decrease, about 4 billion drams worth construction was financed by humanitarian assistance, 14.3% decrease. Over 276 billion drams worth construction was financed by organizations, 7.5% increase and some 130....
01/14/2025Armenian political scientist assesses challenges of Armenia-US partnership under Trump
... Mirzoyan and US Secretary of State Antony Blinken. First, as Sargsyan emphasized, it is important to understand that a strategic partnership does not mean a strategic alliance, such as the US-Israel or US-UK relations. "The US will not provide Armenia with any security guarantees, military assistance, nor will it sell or supply weapons and ammunition as aid. This format does not imply the deployment of an American military base or military representatives in Armenia," the expert wrote on his Facebook page. According to him, in the ...
01/14/2025EU and Armenia are now "closer than ever" - EU official
... to Armenia as we are now," he said at a press conference at the European Commission (EC). El-Anouni reminded that the EU and Armenia have initiated a dialogue on visa liberalization. Furthermore, he noted that the EU has increased its financial assistance to Armenia. On January 9, the Armenian government approved a project for Armenia’s accession to the EU, proposed by the "Platform of Democratic Forces." At the same time, Armenian Prime Minister Nikol Pashinyan stated that Armenia can only become ...
01/14/2025EU's chief diplomat proposes two-year extension for EU monitoring mission in Armenia
... Ijevan. The mission aims to stabilize the situation in Armenia's border areas, enhance trust and security for people in conflict-affected regions, and create conditions that support the normalization of relations between Armenia and Azerbaijan, with EU assistance. In October, Armenian Foreign Minister Ararat Mirzoyan stated that the EU was considering extending the mandate of its civilian observer mission in Armenia.
01/10/2025Stillborn peace and national mobilization: Experts on Aliyev's threats to Armenia"
... declaration of a state of emergency and mobilization with nationwide military exercises, internal consolidation of society, immediate diplomatic measures to mobilize the international community, and a rethinking of ties with allied states to secure guaranteed assistance. Armenia's Ruling Party Under Aliyev's Dictate Armenia's ruling elite has placed the country in unilateral dependence on Azerbaijani President Ilham Aliyev, said Arman Tatoyan, head of the Tatoyan Center for Law and Justice and former Ombudsman of Armenia....
01/08/2025Head of Cadastre Committee announces closure of regional offices
... only the central office will remain operational. This was announced by Suren Tovmasyan, the head of the Cadastre Committee of Armenia. He noted that there were only three regional offices, located in the Lori, Shirak, and Syunik regions. The Lori office ... ... applications from citizens and forward them to the Committee. This is for cases when a citizen wishes to submit an application with the assistance of a specialist. For other cases, Tovmasyan explained, the electronic platform e-cadastre will remain in operation,...
01/07/2025Lydian Armenia donates 12.5 per cent of its shares to Armenian government
... ‘The development of the Amoulsar mine is one of such megaprojects. Another megaproject is the North-South road and the third one is the Academic City,’ the Minister stated, adding that private companies often prefer to turn to the government for assistance in the implementation of certain projects. In February 2023, the government of Armenia, the Eurasian Develoment Bank (EDB) and Lydian Armenia signed a Memorandum of Understanding, according to which the parties were ready to attract about $150 million and another $100 million outside the framework of this document for the development ...
12/28/2024Armenia to revamp benefits system placing focus on employment
... 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 ... ... benefits. "We have about 30,000 working-age citizens who are part of the benefits system. These individuals, while receiving assistance, do not have disabilities and are not responsible for people whose care would limit their ability to enter the labor ...
12/27/2024Russia allocates $68m to fund school meals programme in Armenia
... about $390,000 - are being used to develop school infrastructure and improve the nutrition of students,’ Zakharova said at a press briefing on Wednesday. According to her, within the framework of the UN World Food Programme, in addition to providing assistance to Armenian schools, Russia actively uses the potential of other UN organizations. ‘The UN Development Program is developing the country's rural regions, nature tourism, creating jobs for young people, increasing Armenia's resilience to climate change,...
12/26/2024State department responds to Aliyev's claims of U.S. arming Yerevan
... accusations regarding the arming of Armenia. YEREVAN, December 25. /ARKA/. Official Washington has responded to the Azerbaijani president’s accusations regarding the arming of Armenia. The State Department told Radio “Azatutyun” that U.S. security assistance to both Armenia and Azerbaijan is aimed at strengthening cooperation with U.S. and NATO forces to enhance the professionalism of their armies, as well as to reinforce the two countries' shared border with Iran. In his latest interview with Russian state television,...
12/25/2024New system for assessing insecurity being developed in Armenia
... State Revenue Committee, based on income tax payments and social benefits for November, the number of income-generating jobs in Armenia stands at 782,832, an increase of 44,946 jobs or 6.1% compared to November of last year. As the minister noted, one of ... ... the opportunity to work with the state and exit insecurity, at least in the early stages, without losing the amount of their assistance. "If we see that a person is offered a job once or twice and refuses to work, while continuing to expect assistance ...
12/25/2024Yerevan City Hall launches new website for easy travel ticket purchases
... their place of registration (15% discount) Students who have lost 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)
12/23/2024Russia to supply more than 1.5 million doses of FMD vaccine to Armenia
... economic development and strengthening of partnership relations between Russia and Armenia,” the REC representative added. The contract was signed during the 23rd session of the Intergovernmental Commission on Economic Cooperation between Russia and Armenia. The Russian Export Centre (REC Group, part of VEB.RF) is a state agency supporting non-resource non-energy exports, providing financial and non-financial assistance to companies of all industries at all stages of entering foreign markets.
12/23/2024Yerevan's public transport revolution: What passengers can expect in 2025
... students who have lost one parent or are orphans. Free transport for 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.
12/20/2024Unibank named best bank for high-net-worth individuals in the CIS
... private banking and lifestyle management services help clients save time and quickly resolve a wide range of issues — both in Armenia and internationally. Unibank Privé offers personalized investment strategies and capital diversification options. A personal ... ... of service. The resolution of financial matters is complemented by lifestyle management services, including hotel bookings, assistance with real estate transactions, as well as organizing medical care, education, and leisure abroad. Even if a client ...
12/19/2024Converse Bank has been included in the list of Confirming Banks of the EBRD TFP
... signed on 14th November 2024. “Confirming Bank status is highly significant for us in terms of stimulating trade financing in Armenia and the entire region”, noted Converse Bank’s Chief Financial Officer, Deputy CEO Grant Akopian. Mr. Akopian added: ... ... maximum efficiency of transaction structuring and financing alongside with covering non-payment risks. Moreover, the Bank provides assistance and guidance to its customers throughout the entire trade finance transaction cycle, providing consultancy at the trade ...
12/16/2024Turkey only needs to invest $2.5 billion in Armenia's economy to take control of it, says CCAF head
... we are talking about the future of the Armenian people living in Armenia. Turkey does not seek peace. Its goal is to subjugate and weaken Armenia,’ Papazian asserted. He also expressed concern that such a policy is carried out with the consent and assistance of the Armenian authorities. He added that the search for ways to normalise relations with Turkey is necessary, but these decisions should take into account the interests of the Armenian people and guarantee their security. Although Turkey was one of the first ...
12/14/2024USAID has invested about $1.3bn in Armenia - Armenia Mission Director
... government believes that Armenia is capable of developing into a democratic nation. Regardless of who is in power, we have tried to work with both the authorities and citizens. We seek to establish a dialogue between the authorities and the people of Armenia,’ he said. Speaking about assistance to civil society and media, Allelo said that USAID seeks to bring the voice of the people to the authorities, to establish this dialogue so that the government can determine which programs are important to the citizens. ‘In terms of media,...
12/14/2024Armenia's industrial potential has considerable development prospects in EEU - Pashinyan
... our states and with the right approach it can contribute to the creation of high-tech industries and expansion of industrial cooperation,’ Pashinyan said. The Armenian prime minister also said that for the effective implementation of the financial assistance mechanism, Armenia supports proposals calling for expansion of the list of international financial organisations and optimizing the terms of consideration of applications. ‘This will open additional opportunities and speed up the process of implementation of joint ...
12/13/2024Armenia extends housing program for retired military
... receive apartments with state support. This decision was made at a meeting of the government on Thursday. This program has been active since 2019. For this purpose, 5.7 billion drams were transferred to the off-budget deposit account opened for the Armenian Ministry of Defense. The program remained valid until December 1, 2024. As of September 10, 2024, applications of some 657 beneficiaries had been approved. The total amount of assistance was 5.69 billion drams. Of this, 564 families received non-repayable state financial support through apartment purchase certificates (totaling 4.78 billion drams). The remaining balance amounted to 921.7 million drams. Currently, the apartment ...
12/12/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... Management Advisory, are launching a program to support the Armenian capital market, valued at approximately 500,000 euros. "The development of the capital market is one of the most important factors in the investment sector and is essential for Armenia's financial depth. Today, the EBRD is launching a technical assistance program. The tender was awarded to a consortium of two companies, Galt & Taggart (Georgia) and Ameria Management Advisory," said Tigran Jrbashyan, head of the Ameria consulting company, at a conference marking the program's launch. According ...
12/11/2024Roots Furniture: from idea to big Armenian furniture business (video)
... factory and turn it into fuel, this way solving also the issue of heating. Roots Furniture's partner is Acba Leasing, with whose assistance the company has purchased solar panels and added specialised technology, expanding and automating production and zeroing ... ... prices below cost. The fourth industrial revolution is about ‘smart’ devices, the culture of which we are trying to bring to Armenia: the arrival of ‘smart’ equipment should take place through similar productions. As a result of co-operation with ...
12/11/2024Armenia and France sign defence cooperation programme for 2025
... reaffirmed the strategic importance of the active co-operation of the last period and set an even higher bar for the expansion of the partnership. Special importance was attached to cooperation in defence planning, military education and exercises, advisory assistance and training of different types of troops. The delegation headed by Escorcia was received by Lieutenant General Edward Asryan, Chief of the General Staff of the Armenian Armed Forces. The priorities of the transformation process of the Armenian Armed Forces and cooperation with France in this context were discussed. Asryan expressed satisfaction with the current level of cooperation and expressed hope that it ...
12/11/2024WB may assist Armenia in expanding tourism clusters in the country
... upon. The possibilities of expanding the tourism clusters with the assistance of the WB were emphasised. In particular, a number of issues related to Gyumri cluster were discussed. About WB programmes in Armenia Since the start of its operations in Armenia in 1992, the World Bank has provided about $2.7 billion worth assistance to the country through the International Development Association, International Bank for Reconstruction and Development and trust funds. The WB is currently financing 10 projects in Armenia with a total value of $500 million. The World Bank ...
12/06/2024Ardshinbank Partners with the European Investment Bank to Improve Climate Risk Management
... ecosystem that prioritizes sustainability, responsibility, and long-term growth. The EIB Greening Financial Systems technical assistance programme is funded by the International Climate Initiative (IKI) Fund on behalf of the German Federal Ministry of ... ... NDC Partnership, specifically the Readiness Support for Greening Central Banks initiative. Ardshinbank is the leading bank in Armenia. It provides a wide range of universal banking services, providing solutions in the areas of retail, corporate, investment,...
12/05/2024Armenia boosts defense to support education development - Finance Minister
... rise by 20% (a substantial amount), and social security, which accounts for the growing number of pensioners and other social assistance programs," he said. Hovhannisyan pointed out that there is a certain nuance to this. “We are strengthening our ... ... capability to be able to build schools and develop the education sector, which is the most important investment for ensuring Armenia's long-term development,” the minister emphasized. In addition, Hovhannisyan stated that the budget for the Ministry ...
12/05/2024Artsakh refugees outraged by Armenian government's decision to cut their aid
... not be able to solve their life problems,’ Stepanyan noted. On 21 November, the Armenian government made a decision to reduce the financial aid allocated to the refugees. The decision concerns those refugees who do not have their own property in Armenia and who were receiving monthly financial aid of 40 thousand drams for rent plus 10 thousand drams for utility expenses. From April 2025, only minors, pensioners, breadwinners, disabled persons of I and II groups will receive this assistance. The amount of the provided assistance is also reduced - to 40 thousand drams from April and further to 30 thousand drams from July 2025. -0-
11/29/2024Armenia to receive €12.9 million from European Commission for nuclear safety enhancement
Armenia will receive financial assistance of 12.9 million euros from the European Commission to enhance nuclear safety. YEREVAN, November 28. /ARKA/. Armenia will receive financial assistance of 12.9 million euros from the European Commission to enhance nuclear safety. The relevant ...
11/28/2024EBRD expected to approve Armenia Country Strategy in first quarter of 2025
... economy,' she said. According to her, next month with the support of EU, EBRD will be launching Capital Markets Support Program to boost the local capital markets and create alternative financing solutions for the local SMEs. The programme aims to provide assistance to Armenian corporate issuers of bonds and equity, through tailored capacity-building and grant co-financing of issuance-related expenses. 'We look forward to delivering impact through financing key water and solid waste infrastructure, where the bank has ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... integration into global economy. Next month with the support of EU, we will be launching Capital Markets Support Program to boost the local capital markets and create alternative financing solutions for the local SMEs. The programme aims to provide assistance to Armenian corporate issuers of bonds and equity, through tailored capacity-building and grant co-financing of issuance-related expenses. We look forward to delivering impact through financing key water and solid waste infrastructure, where the bank has ...
11/26/2024Armenia counts on DFC's contribution to financing of SME, capital market and agro sector- minister
... discussed last Friday in Yerevan the opportunities for expansion of bilateral cooperation and development of the private sector in Armenia. The minister appreciated DFC's contribution to stimulating the economic growth of developing countries, the press service ... ... context of financing,but also opening opportunities for those who have ideas and determination, but lack the means. With your assistance, we can take a step forward towards building a developing and inclusive economy,’ Papoyan was quoted as saying. ...
11/25/2024Financial aid for forcibly displaced Artsakh residents in Armenia to be reduced
... Artsakh. YEREVAN, November 21. /ARKA/. At a meeting on Thursday, the Armenian government decided to reduce the financial assistance allocated to forcibly displaced 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,...
11/21/2024Yerevan approves fare discounts on public transport
... the place of registration (15% discount), students who have lost one parent or 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. According to the city hall’s ...
11/19/2024Yerevan city hall sees no issues for launching unified ticket system from next January 1
... place of residence (15% discount), students who have lost one 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, Grigoryan avoided giving ...
11/19/2024Georgia ready to mediate Yerevan-Baku talks
... both sides wish. YEREVAN, November 15. /ARKA/. Georgia is ready to act as a mediator in negotiations between Azerbaijan and Armenia, if both sides wish. This was stated by the Prime Minister of Georgia, Irakli Kobakhidze, in an interview with Georgia's ... ... Prime Minister emphasized that this readiness continues to stand. "If there is mutual interest, we are ready to offer our assistance and support to our two neighboring countries," Kobakhidze said. -0-
11/15/2024Under pressure from the West, Yerevan froze its participation in trilateral working group - Zakharova
...," Zakharova said. She stated that Russia is ready to develop this region, because it is in its interests, it is a guarantee of stability and security in this part of the planet. "The Russian side is ready to continue to provide comprehensive assistance to Azerbaijani and Armenian partners in order to achieve sustainable peace and prosperity in the region on the basis of trilateral agreements," Zakharova said.-0-
11/13/2024Acba bank and American Express Expand Collaboration in Armenia
... local American Express® Blue and Gold Card Members can earn Membership Rewards® points on every spend. Local American Express® Gold Card Members can specifically enjoy access to more than 1400 airport lounges worldwide, comprehensive insurance and assistance as well as a range of exclusive offers . Through this agreement, Acba bank aims to continue increasing the number of locations that accept American Express in Armenia and continuing to service American Express Card Members in the country. The signing ceremony for the renewal agreement took place at American Express’ headquarters in New York City (United States of America) with Hakob Andreasyan, Chief ...
11/13/2024Trump may nominate Marco Rubio, who voiced support for Armenia, as U.S. Secretary of State
... /ARKA/. President-elect Donald Trump is expected to name U.S. Sen. Marco Rubio, of Florida, as Secretary of State, Interfax reported citing Axios. The portal characterises Rubio as a ‘foreign policy hawk’. In November 2023, Rubio supported the Armenian Protection Act, passed by the Senate, which provides for a ban on the US president's military-technical assistance to Azerbaijan. Rubio stated that American taxpayers' money should not go to Azerbaijan, a country that has brought instability to the region. In April 2024, Rubio voted against providing $95bn in aid to Kiev and ‘urged Ukraine to negotiate ...
11/12/2024Pashinyan identifies the main problem facing small communities
... discussions and visits, I have become concerned about the state of communities inhabited by national minorities. Although we have made several changes to the subsidy system to expand opportunities for supporting national minority communities, we also provide assistance through other forms of subsidies," Pashinyan said at an event marking the 28th anniversary of the local self-government system in Armenia on Monday. According to him, not only will these measures fail to fill this gap, but the gap is also widening at a very rapid pace, which is evident. Pashinyan added that this issue must be discussed with representatives of national minorities....
11/11/2024Armenia to receive €270 million in EU assistance over 4 years and two €13.8 million grants in 2025
Armenia will receive €270 million in assistance from the EU over 4 years, along with two grants totaling €13.8 million in 2025 YEREVAN, November 5. /ARKA/. Armenia will receive €270 million in assistance from the EU over 4 years, along with two grants totaling €13.8 million in 2025 ...
11/05/2024Assistance 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 ...
11/04/2024"Not Armenian cognac, but brandy": Economy Minister discusses Armenia's new positioning
... (referring to one of the provinces of France), and it can no longer be applied in international markets. "In 2023, thanks to assistance programs, 11.4 million liters of grape alcohol were exported. Similar figures have been recorded this year. When the ... ... we provide 100 drams per liter as support, effectively reimbursing the amount of the duty paid," Papoyan stated. "Armenian Prime Minister Nikol Pashinyan urged his fellow citizens to call Armenian cognac 'brandy' rather than 'cognac.' He stated ...
11/04/2024Plug and Play is already in Armenia: 10 Armenian startups will travel to Silicon Valley
... internationally renowned innovation platform and startup accelerator Plug and Play Germany GmbH has launched its acceleration program in Armenia for the first time. The agreement for the implementation of the program between the Ministry of High-Tech Industry of Armenia and Plug and Play, selected as a result of a competition, was concluded on August 15, 2024. Some 336 million drams were allocated for conducting the competition. The platform will provide technological startups with consulting services, assistance in business development and networking, as well as personalized mentorship. Out of 119 startups, 20 were selected to participate in the program. Why is this important? "The goal of the program is to bring an international accelerator ...
11/01/2024Armenia subsidizes 50% of companies' expenses for certifying goods for export to foreign markets
... in parliament. The Minister stated that the state is also ready, with certain restrictions, to assist all companies that export products to new markets and to subsidize part of their logistics costs. "We are currently planning various types of assistance aimed at promoting exports, increasing the presence of Armenian goods in new markets, and raising standards," Papoyan said. -0-
11/01/2024US DFC corporation to help develop capital market in Armenia
... Minister the perspectives of Armenia's capital market development. The importance of implementation of large investment projects in Armenia was also raised. About DFC Corporation The United States International Development Finance Corporation (DFC) is a ... ... equity investments, and political risk insurance for private-sector led development projects, feasibility studies, and technical assistance. [ DFC invests across several sectors including energy, healthcare, critical infrastructure, and technology, with ...
10/23/2024Alen Simonyan says why Azerbaijani parliament speaker cancelled planned meeting in Geneva
... hinder the peace process. The resolution also emphasised the importance of the European Union Civilian Mission in Armenia (EUMA) and its contribution to stability in the border areas. The resolution emphasised the need to ensure continued humanitarian assistance for the 115,000 Armenian refugees from Nagorno-Karabakh, as well as to address the problems of Armenian prisoners of war, other detainees held in Azerbaijan. The organization reiterated its concern over the destruction of cultural heritage in Nagorno-Karabakh and the ...
10/20/2024EBRD and Ernst & Young to conduct study on competitiveness of small and medium-sized companies in Armenia
The Armenian Ministry of Economy in cooperation with the EBRD and with the assistance of Ernst & Young, an international audit and consultancy corporation, has initiated a study on the competitiveness of Armenia's small and medium-sized enterprises (SMEs). YEREVAN, 16 October. /ARKA/. The Armenian Ministry ...
10/16/2024Over $1bn invested in Armenia's economy with Ameriabank's assistance - Ameriabank CEO
Funds equivalent to more than $1 billion have been attracted from international financial organisations for on-lending to the Armenian economy since the bank started its operations, Ameriabank CEO and Board Chairman Artak Hanesyan said. YEREVAN, 16 October. /ARKA/. Funds equivalent to more than $1 billion have been attracted from international financial organisations for ...
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