Рейтинг@Mail.ru
USD
398.84
EUR
412.8
RUB
3.9992
GEL
139.95
Wednesday, January 22, 2025
weather in
Yerevan
+5

 
Additional search criteria

Search result 1 - 50 of 6878
First | Prev. | 1 2 3 4 5 | Next | Last

World Bank endorsed new five-year Country Partnership Framework for Armenia

... economic activities and strengthening government and organizational systems, including public financial management, strategic planning, and public administration reform. “This new partnership framework is a testament to our commitment to supporting Armenia in building a more sustainable, resilient, and inclusive economy. By focusing on job creation, human capital, and resilience, we aim to improve the lives of Armenians and help the country navigate future challenges,” said Carolin Geginat, World Bank Country Manager for Armenia. The new strategy emphasizes ...

01/22/2025


Pashinyan was unable to immediately fill out his income declaration

... convened today a meeting to look into the accessibility of the universal declaration system. YEREVAN, January 21. /ARКА/. Armenian Prime Minister Nikol Pashinyan convened today a meeting to look into the accessibility of the universal declaration system.... ... Grigoryan, Finance Minister Vahe Hovhannisyan, head of the State Revenue Committee Eduard Hakobyan, as well as former Minister of Economy, Director of the Information Systems Agency Nerses Yeritsyan. Today, Pashinyan also published a video on his Facebook ...

01/21/2025


Income declaration in Armenia: A complete guide to everything you need to know

The State Revenue Committee of Armenia has provided answers to the most frequently asked questions regarding who must file an income tax return in 2025 for the 2024 reporting year. YEREVAN, January 21. /ARKA/. The State Revenue Committee of Armenia has provided answers to the most ...

01/21/2025


Trade turnover between Armenia and Russia reaches record $12 billion - Lavrov

Russian Foreign Minister Sergey Lavrov stated that economic relations with Armenia are on the rise. YEREVAN, January 21. /ARKA/. Russian Foreign Minister Sergey Lavrov stated that economic relations with Armenia are on the rise. "Trade turnover is reaching record levels: nearly $12 billion last year, according to statistics....

01/21/2025


Armenian capital ranks 115th in the ranking of most expensive cities for business trips

Armenian capital Yerevan has overtaken Baku (Azerbaijan) and Tbilisi (Georgia) in the ranking of cities in terms of living expenses for employees on international business trips, according to the American consulting company Mercer. YEREVAN, January ...

01/21/2025


EDB expects price growth to accelerate in Armenia

The Eurasian Development Bank (EDB) forecasts a further acceleration in price growth in the coming months, with inflation expected to align closely with the target of the Central Bank of Armenia (3% ±1%). This is stated in the EDB’s weekly macroeconomic review. YEREVAN, January 20. /ARKA/. The Eurasian Development Bank (EDB) forecasts a further acceleration in price growth in the coming months, with inflation expected to align closely ...

01/20/2025


Armenia ranked 108th in the Logistics Performance Index for 2024

Armenia has improved its position in the Logistics Performance Index for 2024, ranking 108th among 139 countries. In the previous ranking, the country was on the 112th line among 140 countries, according to the data on the World Bank website. YEREVAN,...

01/20/2025


Pashinyan and Putin discuss deepening cooperation in the energy sector and Yerevan's steps in the EU context

... meeting of the Supreme Eurasian Economic Council, some topical issues of deepening of integration cooperation, primarily in the energy sector, were discussed. Weighty practical benefits of joint work within the Eurasian Economic Council, including for Armenia's economy, were stated. ‘Nikol Pashinyan explained the situation related to Yerevan's recent steps in the context of relations with the European Union. The Russian leader was said to give relevant comments and assessments. -0-

01/17/2025


Over 130,000 tourists visited Armenia in December 2024

... tourists visited Armenia, according to Armenian Tourism Committee. In comparison, 132,709 tourists visited the country in December 2023. During this period, the largest number of tourist visits came from Russia (43.1%), Georgia (13%), and Iran (8.4%). As Armenian Minister of Economy Gevorg Papoyan recently stated, approximately 2.2 million tourist visits were recorded for the entire previous year.

01/17/2025


WB improves Armenia's economic growth forecast for 2025

... policies and elevated inflation. Additionally, "lower-than-expected growth in Russia could significantly affect the countries of Central Asia and the South Caucasus, mainly due to a decrease in remittance volumes." Projections for Armenia’s Economy Armenia’s economic growth is projected at 7% in the 2024 state budget and 5.1% in the 2025 budget. According to the Central Bank's monetary policy report for Q4 of this year, Armenia’s GDP growth is expected to be 6% by the end of 2024. The forecast ...

01/17/2025


Armenia benefits most from EEU membership - Russian Deputy Prime Minister

... Alexei Overchuk said today. YEREVAN, 15 January. /ARKA/. Armenia's economic growth shows that it benefits most from its membership in the Eurasian Economic Union (EEU), Russian Deputy Prime Minister Alexei Overchuk said today. ‘The growth of Armenia's trade and economy in recent years - all this shows that Armenia is the main beneficiary of EEU membership,’ he said, according to Tass news agency. Asked by reporters whether there is a country that could replace Armenia after it announced the launch of an initiative ...

01/15/2025


U.S. invests $3.3B in Armenia for reforms, economy, and aid

The United States has invested approximately $3.3 billion in Armenia to support democratic reforms, economic growth and resilience, and humanitarian aid, according to a statement from the US Embassy in Armenia following the signing of the Charter on Strategic Partnership between the two countries in Washington ...

01/15/2025


Armenia's ministries of economy and finance to swap responsibilities

The Committee on Economic Affairs of the Armenian Parliament has approved, in the first reading, a bill that proposes an exchange of responsibilities between the Ministries of Economy and Finance. YEREVAN, January 15. /ARKA/. The Committee on Economic Affairs of the Armenian Parliament has approved, in the first reading, a bill that proposes an exchange of responsibilities between the Ministries of Economy and Finance. Under the proposed changes, the Ministry of Economy will take on the responsibility for the development ...

01/15/2025


Armenia to participate in "PRODEXPO 2025" with separate pavilion

... Moscow. YEREVAN, January 15. /ARKA/. Armenia will participate in the 32nd International Exhibition of Food and Beverages "PRODEXPO 2025" with a separate pavilion, which will take place from February 3-7 in Moscow. According to the Ministry of Economy of the Republic of Armenia, the exhibition this year will feature 2,195 participants from 40 countries. "Prodexpo" is the largest international exhibition of food and beverages in Russia and Eastern Europe. Prodexpo showcases food from around the world: from basic ...

01/15/2025


Armenia to introduce special labeling for products with milk fat substitutes

... labeled accordingly. YEREVAN, January 15. /ARKA/. The Parliamentary Committee on Economic Affairs of the National Assembly of Armenia has approved, in the first reading, a draft law requiring that products made with milk fat substitutes be displayed separately ... ... must be assured that by paying a higher price, they will receive high-quality dairy products," said Deputy Minister of Economy Tatevik Sargsyan. She also noted that producers may voluntarily mark the packaging of their products with green or orange ...

01/15/2025


Armenia and US strengthen economic and energy cooperation: Strategic partnership roadmap

The United States supports Armenia’s efforts to integrate into the global economy, according to the Charter on Strategic Partnership between the two countries signed in Washington on January 14. YEREVAN, January 15. /ARKA/. The United States supports Armenia’s efforts to integrate into the global economy, according to the ...

01/15/2025


Armenian political scientist assesses challenges of Armenia-US partnership under Trump

... professional military education opportunities through the International Military Education and Training (IMET) program, as well as continuing the long-standing partnership with the Kansas National Guard. "Additional financial and technical support for the economy, reforms, human rights, and social programs will also be provided. In the nuclear energy sector, I believe there is an interest in deploying modular American nuclear power plants in Armenia," Sargsyan stated. At the same time, the political scientist raised the question: "Will it be possible to implement this document, signed with the outgoing Biden administration, under the incoming Trump administration?" "It ...

01/14/2025


Ameriabank Raises $200 Million from IFC, Marking the Largest Transaction by IFC ever with a Financial Institution in Armenia

... secured USD 1.4 billion in financing from various international financial institutions, directing these funds toward Armenia's vital economic sectors. About Ameriabank Ameriabank is a leading financial institution in Armenia, a major contributor to the Armenian economy with assets exceeding AMD 1 trillion. The Bank has adopted a customer-focused approach to ensure service quality and modern banking experience in an evolving digital environment. Ameriabank is committed to doing business responsibly and advancing ...

01/14/2025


Nominal wage in Armenia increased by 6.6% to 280.2 thousand drams in January-September 2024 – Ministry of Finance

... individuals increased by 5% in the first nine months of last year, totaling 752,288 people. This growth was driven by an increase in employees in the trade, education, and construction sectors. According to the previously published report by the Ministry of Economy of Armenia, "Armenia: Economic Prospects. January-September 2024," the three highest-paying sectors in Armenia in September 2024 were information and communication (835,840 drams), financial and insurance activities (809,417 drams), and mining ...

01/13/2025


Armenian finance minister highlights key drivers of economic growth in 2024

The 8.7% growth in economic activity in Armenia in January-September 2024 is attributed to growth in the sectors of essential services, trade, and industry, said Finance Minister Vahe Hovhannisyan. YEREVAN, January 13. /ARKA/. The 8.7% growth in economic activity in Armenia in January-September ...

01/13/2025


Armenia's export and import growth in 9 months of 2024 driven by increase in gold re-exports – Finance Ministry

The growth in exports and imports of Armenian goods from January to September 2024 is primarily due to the significant increase in gold re-exports, said Armenian Finance Minister Vahe Hovhannisyan. YEREVAN, January 13. /ARKA/. The growth in exports and imports of Armenian goods from ...

01/13/2025


EAEU or EU: Armenia's foreign trade indicators amid plans for a European turnaround

... EAEU entered into force on January 1, 2015. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. In 2024, Armenia held the chairmanship of the EAEU bodies. The main goals of the EAEU are to create conditions for the stable development ... ... resources, and to promote comprehensive modernization, cooperation, and increased competitiveness in the context of the global economy.

01/13/2025


More than 2.2 million tourists visited Armenia in 2024 - Papoyan

Armenian Economy Minister Gevorg Papoyan presented data on tourist visits for the past year. YEREVAN, January 13. /ARKA/. Armenian Economy Minister Gevorg Papoyan presented data on tourist visits for the past year. He stated that the data for December 2024 ...

01/13/2025


UN predicts Armenia's economic growth at 5.2% in 2025 and 4.7% in 2026

.... UN analysts expect the highest economic growth in Turkmenistan and Tajikistan—6% each—and the lowest in Russia—1.5%. The study also notes that inflation in Armenia will be 2.2% in 2025 and 2.3% in 2026. Figures and forecasts for the Armenian economy Armenia's economic growth is projected at 7% in the 2024 state budget and 5.1% in the 2025 budget. According to the Central Bank's report on monetary policy for the fourth quarter of this year, Armenia's GDP growth by the end of 2024 is expected to reach ...

01/13/2025


Mining at Amulsar gold spring may begin in September-October 2025 - Minister

Mining at the Amulsar gold deposit in Armenia may begin in September-October 2025, said Armenian Economy Minister Gevorg Papoyan. YEREVAN, January 13. /ARKA/. Mining at the Amulsar gold deposit in Armenia may begin in September-October 2025, said Armenian Economy Minister Gevorg Papoyan. "We ordered a high-quality audit, which also confirmed ...

01/13/2025


Armenia's foreign trade turnover reaches $28.2 billion, growth slows

The volume of Armenia's foreign and mutual trade turnover in January-October 2024 increased by 54% compared to the same period in 2023, amounting to $28,179,559.6 thousand, according to data published on the website of the National Statistical Committee of Armenia....

01/13/2025


Over 800 hazardous facilities, including gas stations, suspended in Armenia in 2024- Regulator

In 2024, the activities of more than 800 hazardous industrial facilities, including petrol and gas stations, were suspended in Armenia. YEREVAN, January 10. /ARKA/. In 2024, the activities of more than 800 hazardous industrial facilities, including petrol and gas stations, were suspended in Armenia. This was announced by Garegin Khachatryan, head of the Armenian Inspectorate ...

01/10/2025


Armenia to invest 100 billion drams in new ski resort

... (Aparan community, Aragatsotn region). YEREVAN, January 10. /ARKA/. About 100 billion drams are planned to be invested in the Myler Mountain Resort ski resort in Yegipatrush (Aparan community, Aragatsotn region). According to the press service of the Armenian Ministry of Economy, around 27 billion drams have already been invested in the “Myler” project, with an additional 12 billion drams planned for this year. The sports complex covers an area of 2,070 hectares. For the 2024-2025 season, a 10-seat gondola lift and ...

01/10/2025


840 kg of illegally caught whitefish from Lake Sevan confiscated - Regulator

Approximately 840 kg of whitefish, illegally caught from Lake Sevan, have been confiscated so far, said Hovhannes Martirosyan, head of the Armenian Inspectorate for Nature Protection and Mineral Resources. YEREVAN, January 9. /ARKA/. Approximately 840 kg of whitefish, illegally caught from Lake Sevan, have been confiscated so far, said Hovhannes Martirosyan, head of the Armenian Inspectorate ...

01/09/2025


EDB names reason behind Armenia's economic slowdown in November

... Armenia in 2024 and 4.9% in 2025. The European Bank for Reconstruction and Development (EBRD) forecasts 6.2% growth in 2024 and 4.8% in 2025. The Asian Development Bank (ADB) anticipates 5.7% growth in 2024 and 6% in 2025. According to Fitch Ratings, Armenia's economy will grow by 6% in 2024 and 4.9% in 2025. S&P forecasts a 6.2% growth for 2024, while the UN expects 5.2% growth in 2024 and 4.8% in 2025.

12/30/2024


Lydian Armenia donates 12.5 per cent of its shares to Armenian government

... signing ceremony. According to him, Lydian Armenia itself proposed to hand over the 12.5 percent stake to the government, ‘as it is the government that should share the responsibility with the private company in such a large project.’ In his turn, Armenian Economy Minister Gevorg Papoyan noted that implementation of such megaprojects is very important for Armenia. ‘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 ...

12/28/2024


Benefits for highly qualified specialists to be reduced in Armenia

... program for subsidizing leasing contracts and loans for industry until December 31, 2025. This program, which was in effect from March 26, 2020, to December 1, 2024, includes a component for compensating the salaries of highly qualified specialists. Armenian Economy Minister Gevorg Papoyan stated that a decision had been made to amend this component. Specifically, he mentioned that specialists in the fields of finance, insurance, and retail/wholesale trade would be excluded from the program. Additionally,...

12/27/2024


Armenia to extend subsidy program for industry leasing and loans

... meeting on Thursday, the Armenian government approved a decision to extend the program of subsidizing leasing contracts and loans for industry until December 31, 2025. The program had previously been in effect from March 26, 2020, to December 1, 2024. Armenian Economy Minister Gevorg Papoyan stated that the government subsidized interest payments ranging from 6% to 10% for companies that entered into contracts to purchase the latest high-tech equipment. He also mentioned that 6,559 contracts worth 341.8 billion ...

12/27/2024


Armenian Minister of Internal Affairs reports 2.2% reduction in crime rate over 11 months

... is observed in almost all categories of crime, including theft and drug trafficking,” she said on the Public Television of Armenia. However, Sargsyan noted that a decline in crime does not guarantee improved quality, as reforms in the police sector ... ... strategy would allow us to address these issues in a multi-layered way. Some crimes are connected to changes in the country’s economy and other sectors,” she said, adding that efforts in this direction will intensify in 2025. At the same time, the minister ...

12/27/2024


Dilijan to be transformed into a major tourist hub

An attractive tourism environment should be created in Dilijan, said Armenian Economy Minister Gevorg Papoyan. YEREVAN, December 26. /ARKA/. An attractive tourism environment should be created in Dilijan, said Armenian Economy Minister Gevorg Papoyan. “Dilijan has historically developed as a tourism cluster, but it is clear ...

12/26/2024


Armenia's foreign trade turnover jumps 54% to $28.2 billion

According to current statistics, Armenia's foreign trade turnover in January-November 2024 amounted to $28,179.6 million, which is 54% higher than the figure for the same period in 2023, the National Statistical Committee of Armenia reports. YEREVAN, December 25. /ARKA/. According ...

12/25/2024


Electricity generation in Armenia increases by 4.5% in 11 months

According to operational statistics, electricity production in Armenia increased by 4.5% in January-November 2024 compared to the same period in 2023, as reported by the National Statistical Committee of Armenia. YEREVAN, December 25. /ARKA/. According to operational statistics, electricity production in Armenia ...

12/25/2024


Armenia's economic activity growth slowed to 7.4% in first 11 months of 2024

... January-November 2024 registered a 7.4% increase compared to the same period in 2023, as reported by the National Statistical Committee of Armenia. It should be noted that the growth rate of economic activity has been declining since March of this year. Specifically,... ... no change compared to October. The growth recorded in the first eleven months of this year was seen across all sectors of the economy, although data on the agricultural sector and the average monthly nominal salary are not available. During the reporting ...

12/25/2024


Armenian Ministry of Internal Affairs withdraws mass video surveillance installation project

Armenian Ministry of Internal Affairs has withdrawn the draft law on the installation of video surveillance systems by business entities on their premises. YEREVAN, December 24. /ARKA/. Armenian Ministry of Internal Affairs has withdrawn the draft ...

12/24/2024


New greenhouse farm worth 9 million euros established in Armenia

... YEREVAN, December 23. /ARKA/. A new greenhouse farm " Nouveau Village " has opened in Armenia. The construction of the greenhouse began in 2023, with government subsidies and financing from Ardshinbank. According to the press service of the Armenian Ministry of Economy, the total cost of the project was 9 million euros. The greenhouse spans 5 hectares, with plans to expand to 18 hectares. This expansion will allow the farm to grow and export more than 5,000 tons of crops. " Nouveau Village " aims ...

12/23/2024


Armenia proposes 7-hour workday; Providing justifications

... 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 the contrary, it contributes to increased labor productivity and positively impacts the quality of life, improving the balance between work and personal life," states the justification for the draft law. It is noted that the World Health ...

12/23/2024


Accor Group Partners with Technotun to Bring Pullman to Armenia for the First Time

... commitment to conscious hospitality while fostering a strong sense of community.' This collaboration marks a new chapter in Armenia’s real estate and lifestyle landscape, offering a transformative living experience that seamlessly blends work, life,... ... Group has one of the industry’s most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. Accor is focused on driving positive action through business ethics, responsible ...

12/20/2024


Armenian delegation leaves for Moscow for economic cooperation talks with Russia

... economic cooperation between Armenia and Russia in Moscow. The corresponding decision was signed by Armenian PM Nikol Pashinyan. A delegation headed by Armenian Deputy PM Mher Grigoryan has left for Moscow to attend the session. The delegation includes Armenian Deputy Foreign Minister Mnatsakan Safaryan, Deputy Minister of Education, Science, Culture, and Sports Artur Martirosyan, Deputy Minister of Territorial Administration and Infrastructure Armen Simonyan, Deputy Minister of Economy Narek Hovakimyan, and Deputy Chairman of the State Revenue Committee Ashot Muradyan.

12/20/2024


Armenia and Iran discuss expanding cooperation in tourism

Armenian Economy Minister Gevorg Papoyan discussed prospects for cooperation in the tourism sector with a delegation led by Iranian Minister of Cultural Heritage, Tourism, and Handicrafts Seyed Reza Salehi-Amiri on Wednesday, the press service of the Armenian ...

12/18/2024


IMF outlines measures to boost Armenia's economic resilience and growth

... 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 report, stated that the country's economy has the potential for annual growth of up to 5.5% over the next five years, until 2028, provided that structural reforms are implemented and opportunities for labor force integration are realized. He noted that Armenia's economic growth is returning ...

12/18/2024


IMF forecasts economic growth slowdown in Armenia

... Arrangement program are strong, but consistent, prudent policies and reform efforts remain crucial for preserving reserves and enhancing resilience in an still uncertain domestic and external environment," he said. Figures and Forecasts for the Armenian Economy Armenia's economic growth is projected at 7% in the state budget for 2024 and 5.1% in the 2025 budget. According to the Central Bank's monetary policy report for Q4 of this year, GDP growth is expected to reach 6% by the end of 2024. The forecast for ...

12/18/2024


Armenia and UAE to strengthen trade, tourism, and tech ties

Armenian Foreign Minister Ararat Mirzoyan met on Tuesday with Anwar Gargash, the diplomatic adviser to the President of the United Arab Emirates, according to the press service of the Foreign Ministry. YEREVAN, December 17. /ARKA/. Armenian Foreign ...

12/17/2024


Armenia faces financial trilemma – State Revenue Committee Head

... experiencing. YEREVAN, December 17. /ARKA/. Eduard Hakobyan, the head of Armenia's State Revenue Committee, stated that Armenia is facing a trilemma that many countries are experiencing. "We are facing a problem of growing public debt and increasing ... ... level. There are security concerns, expenses for our compatriots from Artsakh, and at the same time, we want to develop the economy. The third part of the trilemma is taxes. Is the current tax level really sufficient for us to address these issues?" ...

12/17/2024


Armenia and Iran's Isfahan discuss jewelry cooperation

... Mohsen Talay Minai, Executive Director of the Isfahan Gold and Jewelry Export Consortium and Chairman of the Board of the Isfahan Gold, Jewelry, Silver, and Precious Stones Exporters and Manufacturers Association. According to the press service of the Armenian Ministry of Economy, the parties discussed potential cooperation in the jewelry sector, including joint production and exporting finished products to international markets. Zakaryan emphasized the ministry's willingness to develop and implement joint programs with ...

12/17/2024


Armenia's trade turnover with EEU countries in January-October exceeded $11bn. - Ministry of Economy

Armenia's trade with Eurasian Economic Union’s (EEU) member states exceeded the threshold of $11 billion in the first 10 months of 2024, against $3.4 billion for the whole of 2023, Armenian Deputy Economy Minister Narek Hovakimyan said on Monday. YEREVAN, 16 December. /ARKA/. Armenia's trade with Eurasian Economic Union’s (EEU) member states exceeded the threshold of $11 billion in the first 10 months of 2024, against $3.4 billion for the ...

12/16/2024


Search result 1 - 50 of 6878
First | Prev. | 1 2 3 4 5 | Next | Last

Sort by relevance | Sorted by date