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Yerevan is constructive towards OSCE MG dissolution, but wants to make sure Baku has no territorial claims - Pashinyan
... idea of dissolving the OSCE Minsk Group, the only internationally-mandated format that was set up to help resolve the Nagorno-Karabakh conflict. Pashinyan said Armenia's stance on this idea is constructive. 'We understand the stance that if there is no ... ... Armenia,' Pashinyan said in an interview with Armenpress news agency. He also commented on the right of return of Azerbaijani refugees to so-called western Azerbaijan, which according to Azerbaijan is part of sovereign Armenia, promoted by Azerbaijan. ...
12/19/2024IMF outlines measures to boost Armenia's economic resilience and growth
... reforms are implemented and opportunities for labor force integration are realized. He noted that Armenia's economic growth is returning to normal levels as temporary factors, such as the influx of labor from Russia and India and the integration of refugees from Nagorno-Karabakh into the labor market, begin to weaken. “This could affect potential growth for the next 4-5 years,” he said, adding that in the longer term, attention should be given to demographic policy.
12/18/2024EU allocates €1.5m grant to Armenia to help Nagorno-Karabakh refugee
The European Union has provided the Armenian government with a grant of 1.5 million euros to meet the needs of the refugees from Nagorno-Karabakh, the press service of the EU Delegation to Armenia reports. YEREVAN, 10 December. /ARKA/. The European Union has provided the Armenian government with a grant of 1.5 million euros to meet the needs of the refugees from Nagorno-Karabakh,...
12/10/2024Armenia's European orientation linked to democratic reforms - Alen Simonyan
... development of a sovereign, stable, and democratic state, as well as respect for the fundamental principles of human rights and international law. Simonyan highly praised the response and actions of the Council of Europe bodies concerning the needs of refugees from Nagorno-Karabakh. “It is crucial to ensure international protection for the displaced population, including under the framework of the Council of Europe convention. The focus is on the issue of the repatriation of Armenian prisoners held in Azerbaijan,” he ...
12/09/2024Armenian Parliament ratifies €50 million loan from OPEC fund
... Thursday, intended to cover the budget deficit. The loan funds will be used to implement several reforms, including measures to improve energy efficiency in households and businesses, reforms to the education and healthcare systems, and social support for refugees from Nagorno-Karabakh. The loan repayment period will be 18 years, with a 5-year grace period, and a floating interest rate.-0-
12/06/2024Artsakh refugees outraged by Armenian government's decision to cut their aid
Artsakh (Nagorno-Karabakh) refugees have taken with great dissatisfaction the Armenian government's decision to reduce the financial aid provided to them, which they use to pay for rent and utilities, Artsakh human rights defender Gegham Stepanyan said today. YEREVAN, 29 ...
11/29/2024EBRD forecasts slower and moderate economic growth for Armenia in the medium term
... Armenia’s long-term potential growth rate,’’ she said in an interview with the ARKA news agency. According to Falcetti, temporary capital inflows related to the war on Ukraine have dissipated, but increased government spending to meet the needs of refugees and to strengthen national defenses will compensate to some extent. ‘’However, geopolitical uncertainty poses sizeable risks to the economic outlook with a potential to affect it in both directions,’’ noted she. The managing director ...
11/27/2024EBRD to announce 44 million euro financing package for refugees in Armenia
A significant financing package of EUR 44million will soon be announced and deployed via several partners banks for the benefit of refugees from Nagorno-Karabakh, EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti s said in an exclusive interview with the ARKA news agency. YEREVAN, November 26. /ARKA/ A significant financing package of EUR 44million will soon be announced ...
11/26/2024Supporting renewable energy development in Armenia is yet another strategic priority for EBRD- Elisabetta Falcetti
... supporting one of the most unique concepts in the ITC sector the Tumo centre for creative technologies. While financing construction of their the new EU – Tumo Convergence Center, we have also mobilized donor funding to support reskilling and upskilling of refugees, using Tumo’s highly successful model, she added. The EBRD is one of the leading institutional investors in Armenia. During its operation in Armenia, it has invested 2.4 billion euros in 220 projects in areas such as energy, infrastructure,...
11/26/2024IMF forecasts inflation in Armenia at 0.2 percent in 2024 and 3.1 percent in 2025
... "Caucasus and Central Asia: Economic Outlook and Political Challenges." He noted that the pressure, which in 2022 and early 2023 was caused by a number of factors, including the influx of labor from Russia and India, as well as the integration of refugees from Nagorno-Karabakh into the labor market, is gradually decreasing. According to Rawat, after a significant increase in 2022, inflation was reduced thanks to the implementation of prudent policies and external factors. "The quick and prudent response of the ...
11/26/2024IMF: Armenia's economy to grow by up to 5.5% by 2028
... carries certain risks. According to the IMF Resident Representative, Armenia's economic growth is returning to normal levels, along with the fading of temporary factors, including the influx of labor from Russia and India, as well as the integration of refugees from Nagorno-Karabakh into the labor market. "It will impact potential growth, possibly for the next four to five years," he said, adding that in the long term, attention should be given to demographic policy. Figures and forecasts for the Armenian economy ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... with incentive grants and technical advice provided by our donor partners, such as EU. We have also made significant progress in our own Refugee Response Plan. Number of upskilling and reskilling initiatives were designed and implemented for the refugees to facilitate their economic integration. A significant financing package of EUR 44million will soon be announced and deployed via several partners banks for the benefit of refugees. We have also been actively supporting the development of ...
11/26/2024Armenia counts on DFC's contribution to financing of SME, capital market and agro sector- minister
... your assistance, we can take a step forward towards building a developing and inclusive economy,’ Papoyan was quoted as saying. Key issues discussed during the meeting included support for SME programmes and capital market development, housing for refugees, food security and the agribusiness sector, in particular the promotion of organic agriculture and the integration of renewable energy, and the development of the tourism sector. About DFC DFC Corporation was formed in December 2019 as ...
11/25/2024Armenia's workforce exceeds 776,000 : Top 6 employment sectors
... Economic Update – November 2024’’, the unemployment rate in Armenia rose from 11.7% in the second quarter of 2023 to 13.8% in the second quarter of 2024. This increase is mainly attributed to rising unemployment among men, as well as the influx of refugees who have yet to integrate into the labor market. -0-
11/22/2024Armenia's budget surplus in September reached 11.6 billion drams, reducing the deficit to 0.7% of GDP – WB
... 14.2 percent, yoy). VAT grew modestly, recording an increase of 3.9 percent (yoy),’’ noted in the study. Total expenditure grew 10.6 percent (yoy) in September, primarily driven by a rise in defense spending (up 44 percent, yoy) and support for refugees (up 55 percent yoy). Meanwhile, capital expenditure grew 7.4 percent (yoy), following a 0.5 percent (yoy) decline in August. ‘’This drove the budget deficit to AMD 73 billion in January-September 2024 from a surplus of AMD 74.6 billion in ...
11/22/2024Financial aid for forcibly displaced Artsakh residents in Armenia to be reduced
... assistance allocated to forcibly displaced residents of 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 ...
11/21/2024Unemployment in Armenia in Q2 rose to 13.8% from 11.7% a year earlier - WB
... percent in Q2 2023 to 13.8 percent in Q2 2024, driven primarily by increased male unemployment, according to World Bank's 'Armenia Monthly Economic Update – November 2024'. The increase in total unemployment is largely attributed to the influx of refugees, who have yet to integrate into the labor market. Urban unemployment also increased more than rural unemployment. Additionally, between 2022 and 2023, the economically active population grew 2.3 percent. Babken Tunyan, deputy chairman of the ...
11/20/2024Career fair for refugees from Artsakh to be held on 21 November in Yerevan
... Benevolent Union's (AGBU) ‘Train and Earn, Artsakh!’ programme will be held on November 21 in Yerevan. ‘The fair will be open to all job seekers, but its main goal is to create opportunities for our compatriots forcibly displaced from Artsakh (Nagorno-Karabakh) to get acquainted with Armenia's labour market, to see its structure and main employers, to find out which areas are most in demand,’ programme manager Haykuhi Gevorgyan said at a press conference on Monday. She noted that the program covers ...
11/18/2024Assistance program for Nagorno-Karabakh refugees extended until March 2025 – Minister
The Armenian government has extended until 2025 March an assistance program, designed for refugees from Nagorno-Karabakh, Labor and Social Affairs Minister Narek Mkrtchyan said today. The assistance amount is 50,000 drams for each refugee. YEREVAN, November 4. /ARKA/. The Armenian government has extended until 2025 March an assistance program, designed for refugees ...
11/04/2024State subsidies for chemotherapy to increase significantly - minister
... modern requirements. Avanesyan also announced the planned changes in the current emergency medical care system. In particular, she said that all regional systems will be united into a single national emergency medical service. She also said that in 2025, refugees from Nagorno-Karabakh will continue to receive a number of medical services free of charge. -0-
11/01/2024Budget deficit of AMD 26.5 billion (yoy) recorded in Armenia in August
... 40 percent (yoy), 31 percent (yoy), and 18 percent (yoy), respectively. Total expenditure grew by 10.5 percent (yoy) in August, primarily driven by spending on social protection, which grew by 29 percent (yoy) due to additional outlays in support of refugees. Meanwhile, capital expenditure decreased 0.5 percent (yoy) in August. Cumulatively, tax revenues grew 8.8 percent; however, net of mortgage-related income tax refunds (as in previous years), total tax revenues increased only 5.3 percent (yoy),...
10/23/2024Alen Simonyan says why Azerbaijani parliament speaker cancelled planned meeting in Geneva
... 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 support of its member countries ...
10/20/2024Russian Foreign Ministry says Karabakh refugees can return to their homes
Russia really empathies with the fate of people who have left their homes, Russian Foreign Ministry spokesperson Maria Zakharova said commenting on the forced exodus of the ethnic Armenian population of Nagorno-Karabakh. YEREVAN, 17 October. /ARKA/. Russia really empathies with the fate of people who have left their homes, Russian Foreign Ministry spokesperson Maria Zakharova said commenting on the forced exodus of the ethnic Armenian population of Nagorno-Karabakh....
10/17/2024Armenian Foreign Ministry commented on Azerbaijan's accusations of Armenia's alleged violations of the 2020 trilateral statement
... neither a Lachin Corridor nor Russian peacekeepers,’’ said Armenian Foreign Ministry press secretary Ani Badalyan in an interview with Armenpress. The 9 November 2020 trilateral statement envisages the return of internally displaced persons and refugees to the Nagorno-Karabakh area and adjacent regions under the supervision of the UN High Commissioner for Refugees, but Azerbaijan declares that there is no Nagorno-Karabakh territory, that there is no Nagorno-Karabakh, which essentially means a refusal to fulfill this ...
10/14/2024EU to provide Armenia with another 30 million euros to help Karabakh refugees and promote reforms
The EU will provide the Armenian government with an additional €30 million in budgetary support to share its financial burden of supporting Armenian refugees from Nagorno-Karabakh and contribute to the implementation of reforms, the head of the EU Delegation to Armenia, Ambassador Vasilis Maragos said today speaking at the conference ‘Crossroads of Peace: Uniting Security and Democracy’ in Yerevan. YEREVAN, 12 October....
10/12/2024Armenia to deal with the issue of employment and housing of Artsakh refugees
... forcibly displaced by the Azerbaijani aggression in September 2023 at the Warsaw Security Forum. Speaking at a panel discussion within the forum, Mirzoyan praised the assistance of the international community a year ago during the reception of Artsakh refugees and meeting their primary needs. ‘Now, in the next stage, we have to think about short-term and long-term plans to meet these needs. There is a problem of providing them with housing, jobs and huge efforts should be made in this regard,’ ...
10/02/2024EBRD keeps Armenia's economic growth forecast for 2024 at 6.5%, but points to risks
... As a result, remittances and net export of services declined. Nonetheless, the current account deficit remained broadly stable due to the exceptional increase in exports and imports of precious stones and robust inflows of secondary income related to refugees. Despite the temporary pressure on government expenditure for accommodating refugees and strengthening national defence, the fiscal position remains stable with a moderate deficit. Meanwhile, falling food prices and a relatively higher central ...
09/26/2024Armenian National Assembly sets up commission to study problems of refugees from Artsakh
A temporary commission was set up in the National Assembly of Armenia to study the living conditions of Artsakh (Nagorno-Karabakh) residents forcibly displaced to Armenia. YEREVAN , 26 September. /ARKA/. A temporary commission was set up in the National Assembly of Armenia to study the living conditions of Nagorno-Karabakh residents forcibly displaced to Armenia....
09/26/2024France to provide 29 million euros to assist refugees from Artsakh (Nagorno-Karabakh) – head of the Ministry of Foreign Affairs
... At the end of November 2023, France voted in parliament for emergency aid in the amount of 15 million euros for Armenia and refugees from Artsakh. About the ethnic cleansing of Azerbaijan in Artsakh On September 19-20, 2023, Azerbaijan launched a large-scale ... ... Artsakh using artillery, UAVs and combat aircraft. On September 28, following negotiations with the Azerbaijani side, Nagorno-Karabakh President Samvel Shahramanyan issued a decree that all state institutions of the Republic would be dissolved and the ...
09/16/2024Over 2,900 refugees from Nagorno-Karabakh granted Armenian citizenship
Around 4,300 forcibly displaced individuals from Nagorno-Karabakh have applied for Armenian citizenship, Armen Kazaryan, the Head of Armenia's Migration Service, reported on Tuesday. YEREVAN, September 3. /ARKA/. Around 4,300 forcibly displaced individuals from Nagorno-Karabakh have applied for Armenian ...
09/03/2024Pashinyan doubts Armenian refugees will return to Nagorno-Karabakh
Prime Minister Nikol Pashinyan has expressed skepticism about the possibility of Armenian refugees returning to Artsakh under the conditions proposed by the Armenian opposition, particularly by representatives of the former authorities of Nagorno-Karabakh and Armenia. YEREVAN, September 2. /ARKA/. Prime Minister Nikol Pashinyan has expressed skepticism about the possibility of Armenian refugees returning to Artsakh under the conditions proposed by the Armenian opposition, particularly by representatives of the former authorities of Nagorno-Karabakh and Armenia. "The Armenian government did not sign the decision to dissolve Nagorno-Karabakh....
09/02/2024Russian Foreign Ministry accuses West of intending to turn South Caucasus into a second anti-Russian front
... peace between Baku and Yerevan. That is what the set of trilateral agreements reached at the highest level is aimed at. They envisage a step-by-step solution to complex problems, including those of a social and humanitarian nature. It is not only about refugees, but also about preventing the continuation of the ‘war of monuments’,’ he said. -0-
07/31/2024Armenia expands circle of recipients of reproductive programmes from August 1 - Ministry of Health
... force from August 1, 2024, Ruzan Martirosyan, head of the Department of Maternal and Reproductive Health Protection of the Ministry of Health said today. From August 1, the beneficiaries of this programme, if the requirements are met, can also become refugees from Nagorno-Karabakh,’ Martirosyan told a press conference. According to her, previously one of the groups of beneficiaries were women aged 20 to 36 who had been diagnosed with infertility for more than 2 years. Now, according to the changes, the circle of beneficiaries ...
07/29/2024US Senate Committee approves $65m aid for Armenia
... constitution, claims to a so-called "Western Azerbaijan" (referring to Armenia), and demands for the extraterritorial Zangezur corridor. The Committee also emphasized the need for funds to provide humanitarian aid to those displaced by the Nagorno-Karabakh conflict, particularly refugees displaced since September 2023. Furthermore, the Committee supported continued humanitarian demining and activities to clear unexploded ordnance in areas affected by the conflict in Nagorno-Karabakh. The Armenian Assembly of America highlighted ...
07/29/2024Memorandum in support of Karabakh refugees signed between Armenian Ministry of Labour and CNFA company
... Ministry's press service reports. The document, signed by Deputy Minister of Labour and Social Affairs David Khachatryan and Project Manager Artak Ghazaryan, is aimed at the effective implementation of the project designed to provide housing for Nagorno-Karabakh refugees, introduce necessary management tools and develop human potential. "At present, the Armenian government is implementing long-term plans to provide housing and economic integration of the forcibly displaced persons from Nagorno-Karabakh. ...
07/15/2024Former Foreign Minister of France condemns holding COP29 climate conference in Azerbaijan
... and aircraft. On 28 September, Samvel Shahramanyan, the leader of the self-proclaimed state, signed a decree that put the republic out of existence starting 1 January 2024. Roughly a week after the invasion, all but a few ethnic Armenians left Nagorno-Karabakh. The Armenian government reported registering a total of 115,000 refugees.
07/02/2024US Representatives call on President Biden to condemn Azerbaijan’s ethnic cleansing of Nagorno-Karabakh Armenians
... and aircraft. On 28 September, Samvel Shahramanyan, the leader of the self-proclaimed state, signed a decree that put the republic out of existence starting 1 January 2024. Roughly a week after the invasion, all but a few ethnic Armenians left Nagorno-Karabakh. The Armenian government reported registering a total of 115,000 refugees.
06/28/2024Parliamentary speaker: Easier visa regime with EU priority for Armenia
... Baiba Braže. “Armenia expects Latvia’s support in this regard,” he said during the working visit to Latvia. Simonyan highly praised the EU Mission in Armenia and thanked the Latvian government for the humanitarian aid the country sent for the refugees from Nagorno-Karabakh. He also touched upon Armenia’s Crossroads of Peace initiative to open cross-border transport facilities in the South Caucasus and confirmed Yerevan’s commitment to the 1991 Alma-Ata Protocol during the peace process with Azerbaijan.
06/27/2024Armenia’s government approves €15 million worth of EU aid for Artsakh refugees
... and aircraft. On 28 September, Samvel Shahramanyan, the leader of the self-proclaimed state, signed a decree that put the republic out of existence starting 1 January 2024. Roughly a week after the invasion, all but a few ethnic Armenians left Nagorno-Karabakh. The Armenian government reported registering a total of 115,000 refugees.
06/20/2024Russian Foreign Ministry: Whether Armenia, Azerbaijan discuss Ruben Vardanyan at negotiations is unknown
... and aircraft. On 28 September, Samvel Shahramanyan, the leader of the self-proclaimed state, signed a decree that put the republic out of existence starting 1 January 2024. Roughly a week after the invasion, all but a few ethnic Armenians left Nagorno-Karabakh. The Armenian government reported registering a total of 115,000 refugees. During the exodus of Armenians, Ruben Vardanyan was arrested by the Azerbaijani authorities and has since then been under arrest.
06/19/2024Two members of Congress request $100 million to aid refugees from Nagorno-Karabakh
... and aircraft. On 28 September, Samvel Shahramanyan, the leader of the self-proclaimed state, signed a decree that put the republic out of existence starting 1 January 2024. Roughly a week after the invasion, all but a few ethnic Armenians left Nagorno-Karabakh. The Armenian government reported registering a total of 115,000 refugees.
06/19/2024Armenian government approves procedure for assisting refugees in acquiring or constructing housing
The Armenian government today approved the procedure of providing assistance to refugees from Nagorno-Karabakh in purchasing a flat or building a house. YEREVAN, 14 June. /ARKA/. The Armenian government today approved the procedure of providing assistance to refugees from Nagorno-Karabakh in purchasing a flat or building a house. According to Deputy ...
06/14/2024Pashinyan accused Karabakh elite of using refugees for their clan purposes
Armenian Prime Minister Nikol Pashinyan warned the former leadership of Nagorno-Karabakh against using "the people of Nagorno-Karabakh' for their narrow clan purposes." YEREVAN, 14 June. /ARKA/. Armenian Prime Minister Nikol Pashinyan warned the former leadership of Nagorno-Karabakh against using "the people ...
06/14/2024USA and Armenia to upgrade status of bilateral dialogue to Strategic Partnership Commission
... durable peace. This peace will unlock the entire region’s potential and bring substantial benefits for all people in the region. The United States acknowledges the ongoing economic and social challenges Armenia faces in supporting displaced persons and refugees from Nagorno-Karabakh and intends to continue to assist the Government of Armenia’s efforts in this regard. The United States praised Armenia’s efforts to shelter displaced persons and refugees, and Armenia offered appreciation for the more than $21 million in ...
06/12/2024Dep of State Assistant Secretary: US to continue supporting reforms in Armenia
... touched upon the peace process between Armenia and Azerbaijan, the border delimitation, the Alma-Ata Protocol, and Armenia’s Crossroads of Peace project. Additionally, Pashinyan informed O’Brien that the government had adopted a housing program for refugees from Nagorno-Karabakh, and stressed that this program requires support from international partners.
06/11/2024EU, Austrian Development Agency to provide €11m for Syunik
... prince of Armenia. It is expected that a total of €11 million will be invested until 2027. “Syunik is the province that is a priority both for Armenia and the EU. We know why Syunik is so important. Last September, the province accommodated many refugees, and new opportunities formed together with the new challenges,” Vassilis Maragos, Head of EU Delegation to Armenia, said. He noted that the program will use investments into the pirate sector to create new jobs, which is very important both ...
06/06/2024Armenian Deputy Prime Minister presents details of assistance to refugees from Karabakh who decided to get citizenship
Armenian Deputy Prime Minister Tigran Khachatryan presented the details of the programme developed by the government to help refugees from Nagorno-Karabakh who decided to get Armenian citizenship and settle in the country. YEREVAN, 24 May. /ARKA/. Armenian Deputy Prime Minister Tigran Khachatryan presented the details of the programme developed by the government to help refugees from Nagorno-Karabakh ...
05/24/2024Pashinyan, Luxembourg Parliament Speaker discuss Armenia-Azerbaijan peace treaty
... discussed a potential peace treaty between Armenia and Azerbaijan and the delimitation of the border between the two countries. Wieseler stressed the importance of Armenia’s decisions in connection with the forcibly displaced persons from Nagorno-Karabakh. Pashinyan also presented his government’s short- and long-term projects aimed at supporting the refugees. Both sides emphasized the importance of the European Union Mission in Armenia.
05/23/2024WB: Armenia's budget deficit stood at AMD 4.7 billion in March 2024
... (yoy) as a result of a decrease in excise collection on imported goods due to lower imports of alcoholic beverages and cigarettes. Expenditures expanded by 16.1 percent (yoy), driven by a 26 percent increase in social spending (including support for refugees) and a 25.2 percent increase in defense spending. The year-to-date budget deficit was marginal (0.01 percent of GDP). -0-
05/23/2024Details of Armenia’s housing subsidies project revealed
... real estate and families with one child if such a family wants to build a house. “Stage three will start in January 2027 and will cover the rest of the families,” Karagezyan stressed. The Armenian government approved a housing subsidies program for refugees from Nagorno-Karabakh on 16 May. It is expected that a total of 25,000 families will receive housing certificates and will be able to either buy real estate or build their own house. The government also announced it would help forcibly displaced individuals from Nagorno-Karabakh ...
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