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Armenian Minister of Internal Affairs reports 2.2% reduction in crime rate over 11 months
... comprehensive crime prevention 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 emphasized the need for short-term solutions, as some problems cannot wait for institutional reforms to be completed. For example, she noted that while illegal drug trafficking has decreased, the number of drug smuggling ...
12/27/2024New system for assessing insecurity being developed in Armenia
A new system for assessing insecurity is being developed in Armenia, which is one of the key institutional reforms of the Ministry of Labor and Social Affairs, said the head of the department, Narek Mkrtchyan. YEREVAN, December 25. /ARKA/. A new system for assessing insecurity is being developed in Armenia, which is one of the key institutional reforms ...
12/25/2024IMF outlines measures to boost Armenia's economic resilience and growth
Reforms aimed at diversifying exports, improving the business environment, strengthening governance, and advancing climate policy implementation are crucial for boosting economic resilience and increasing potential growth, said IMF Deputy Managing Director ...
12/18/2024IMF: Armenia's 2025 budget well-balanced
... fiscal sustainability," he said. Li's statement noted that the planned measures include strengthening revenue collection, setting spending priorities, and adopting a medium-term expenditure framework. "Progress in public financial management reforms is essential to reducing fiscal risks, particularly those associated with state-owned entities, public-private partnerships, and government guarantees," he said. In the state budget of Armenia approved on December 4, the state budget revenues ...
12/18/2024IMF forecasts economic growth slowdown in Armenia
... shocks of recent years. Supported by strong domestic demand, real GDP growth is projected to reach approximately 6% in 2024, moderating to around 5% in 2025. In the medium term, growth is expected to slow to around 4.5%, though accelerating structural reforms could enhance growth potential," the fund stated. As noted by IMF Deputy Managing Director and Acting Chairman Bo Li, Armenia's economic outlook is positive, characterized by sustainable growth and low inflation. "The results of the ...
12/18/2024USAID has invested about $1.3bn in Armenia - Armenia Mission Director
... In an interview with Armenian Public Television on Friday Allelo said USAID's ‘ project portfolio covers areas such as developing democratic structures, strengthening the country's resilience, and developing social inclusion with the focus on legal reforms, promoting anti-corruption activities, assisting the government in promoting the democratic agenda, and social inclusion. According to him, USAID is now implementing a total of 32 projects in Yerevan and all regions of Armenia. ‘Our programmes ...
12/14/2024Armenian deputy PM talks visa liberalization with EU migration representative
... the initiatives carried out within the framework of the EU visa liberalization dialogue. He highlighted the potential positive changes resulting from visa liberalization, as well as the mobility of people and certain sectors of the economy. The Armenian ... ... of fully implementing the Armenia-EU Comprehensive and Enhanced Partnership Agreement and presented the EU partners with the reforms that have been carried out and those planned in key areas. The interlocutors discussed issues related to social protection,...
12/12/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... of the Ameria consulting company, at a conference marking the program's launch. According to him, the goal of the program is to encourage and develop the capital market, foster the emergence of new issuers, enhance legal opportunities, and implement reforms. "A serious task has been set to identify barriers to market development. There are challenges for both issuers and potential investors," said Jrbashyan. He noted that although the Armenian capital market has developed significantly ...
12/11/2024Armenia's European orientation linked to democratic reforms - Alen Simonyan
Armenia's European orientation is the result of natural selection and follows from the agenda of democratic reforms in our state, said Armenian NA Speaker Alen Simonyan at the opening of the PACE Committee on Legal Affairs and Human Rights meeting in Yerevan. YEREVAN, December 9. /ARKA/. Armenia's European orientation is the result of natural selection ...
12/09/2024Canada supports Yerevan's efforts to normalise relations with Baku - special envoy
... emphasized his role in the consistent development of Armenia-Canada relations, Pashinyan's press service reported. Nikol Pashinyan highlighted the importance of expanding ties with Canada in various fields and that country’s support in promoting democratic reforms in Armenia. The Prime Minister emphasized that reforms in the public administration system, the development of institutional capacities, and the implementation of reforms in the judicial and legal sphere are of strategic importance for the Government ...
12/06/2024Armenian Parliament ratifies €50 million loan from OPEC fund
... YEREVAN, December 6. /ARKA/. The Armenian parliament ratified a 50-million-euro loan agreement with the OPEC Fund for International Development on 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 ...
12/06/2024EU and Armenia strengthen cooperation in all areas - Kaja Kallas
Cooperation between the European Union and Armenia is strengthening across all areas - from security and resilience to democratic reforms, says Kaja Kallas, Vice-President of the European Commission, EU High Representative for Foreign Affairs and Security Policy. YEREVAN, December 5. /ARKA/. Cooperation between the European Union and Armenia is strengthening across all areas ...
12/05/2024Armenian Foreign Minister highlights Yerevan's efforts to normalize relations with Baku at a meeting with new head of EU diplomacy
... their readiness to continue active cooperation in promoting an ambitious agenda. It was emphasized that as a result of joint efforts, Armenia-EU cooperation includes a wide range of areas of mutual interest - from people-to-people contacts, democratic reforms to dialogue on security issues. Among the tools used, the role of the EU monitoring mission in ensuring stability on the border of Armenia and Azerbaijan was noted. Mirzoyan and Kallas also exchanged views on regional issues. The Armenian minister ...
12/05/2024Dutch government interested in strengthening ties with Armenia
The government of the Netherlands is interested in developing relations with Armenia, particularly in the areas of promoting democratic reforms, expanding economic ties, and strengthening Armenia-EU relations. YEREVAN, December 2. /ARKA/. The government of the Netherlands is interested in developing relations with Armenia, particularly in the areas of promoting democratic reforms,...
12/02/2024Ministry of Internal Affairs expands cooperation with EU on visa liberalization
... special emphasis placed on measures to liberalize the Armenia-EU visa regime were discussed during the meeting. Sargsyan discussed the planned roadmap and specific activities. An agreement was reached to expand cooperation in the area of institutional reforms within the Ministry of Internal Affairs. Earlier, the head of the Migration Service, Arsen Ghazaryan (now Deputy Minister of Internal Affairs of Armenia), announced the upcoming start of consultations between Armenia and the European Commission ...
11/28/2024Armenian Foreign Minister Ararat Mirzoyan to visit Finland
... democratic development,” Minister Valtonen was quoted as saying by Finish media outlets. "We are interested in expanding political dialogue and cooperation with Finland in both bilateral and multilateral formats. Alongside promoting democratic reforms, there is significant potential for strengthening economic ties and cooperation in other sectors. I look forward to the discussions in Helsinki," Mirzoyan said ahead of the visit. During his visit to Finland, Mirzoyan will also meet President ...
11/27/2024Yerevan and Los Angeles to develop cooperation in digital transformation
... Avinyan and Bass discussed the use of information technologies in various sectors of the urban economy. "Los Angeles supports its city in partnership, Yerevan, and is ready to share its expertise and 'smart' solutions to help implement the initiated reforms," Bass noted.
11/26/2024IMF: 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 the report Caucasus and Central Asia: Economic Outlook and Policy Challenges. YEREVAN, November 26. /ARKA/....
11/26/2024Pashinyan: Resignations in Armenia are systemic, not personal
... from scratch. Significant systemic and personnel changes have been made in the Investigative Committee, substantial work has been done in the Ministry of Territorial Adminisration and Infrastructure, and the State Revenue Committee has undergone major reforms. And here, the question arises about the reasons for these changes," Pashinyan noted. As Pashinyan stated, there comes a point in the public administration system when the leaders who implement these changes inevitably become part of the system at some 'X' moment, their perspective becomes clouded, and the ...
11/22/2024Armenia to launch new unified emergency number
The Armenian government approved a draft strategy for police reforms for 2024-2026 during its meeting on Thursday Yerevan, November 15. /ARKA/. The Armenian government approved a draft strategy for police reforms for 2024-2026 during its meeting on Thursday "To ensure prompt and efficient response to signals,...
11/15/2024Armenian Central Bank head names measures to boost 5.6 per cent economic growth in 2025
... by the forecast of 5.6% growth with a focus on fiscal stability and debt sustainability, as well as safeguarding of the economic potential built in recent years. Galstyan said it is expected that effective implementation of the necessary structural reforms will be required to achieve the target level of economic growth. ‘Ensuring economic growth will significantly depend on the opportunities and results of improving the investment climate, promoting exports, as well as the implementation of infrastructure ...
11/12/2024Armenia and Sweden discuss economic cooperation opportunities
... between the two countries. They agreed to work together to strengthen business ties, including by encouraging investments," the press service of the Armenian Ministry of Foreign Affairs said in a statement. The meeting also addressed democratic reforms in Armenia and the importance of cooperation and support from like-minded partners on this path. In this context, Mirzoyan emphasized that Armenia values its close cooperation with Sweden, as well as with other EU member states, in developing ...
11/12/2024Sweden is Armenia's loyal partner - Foreign Minister
... /ARKA/. Sweden supports the strengthening of Armenia-EU relations, Swedish Foreign Minister Maria Stenergard said following a meeting with visiting Armenian Foreign Minister Ararat Mirzoyan. ‘Sweden is a committed partner of Armenia and its democratic reforms. We support the strengthening of EU-Armenia relations. I look forward to the development of our close relations!’, she wrote on X. According to the press service of the Armenian Foreign Ministry, the prospects of expanding the high-level political ...
11/11/2024$9bn investment can help Armenia decarbonise economy and improve energy security - WB report
... jobs in the agriculture sector. It is also essential for electricity production (hydropower) and metals and mineral production, which make up more than a third of all exports. Targeted investments of about $9 billion up to 2060, complemented by policy reforms, can help Armenia enhance energy security through clean, domestic energy; boost agriculture productivity, improve food security, and strengthen resilience against climate change. The report estimates that with the right set of policy reforms approximately ...
11/08/2024NATO representatives discuss cooperation prospects and defence reforms in Armenia
... Cooperation Department of the Ministry of Defence Levon Ayvazyan. During the meetings a set of issues related to the current state and prospects of Armenia-NATO co-operation were discussed. The NATO delegation was briefed on the progress of the defence reforms in Armenia. The delegation visited the Military Academy after V. Sargsyan of the Ministry of Defence and the peacekeeping forces brigade. -0-
11/07/2024Armenia to receive €270 million in EU assistance over 4 years and two €13.8 million grants in 2025
... Foreign Minister Paruyr Hovhannisyan. Meanwhile, Finance Minister Vahe Hovhannisyan reported that two EU grants totaling €13.8 million are expected to be allocated to Armenia's state budget in 2025. '€4.5 million is earmarked for supporting judicial reforms, while €9.3 million is designated for education," he said. -0-
11/05/2024Armenian defense minister and new German ambassador discuss defense programs
... the development of cooperation between the two countries,’ the Defence Ministry's press service reported. The meeting covered topics on the current state and future of Armenia-Germany defense cooperation. Papikyan also provided an update on defense reforms and discussed regional security issues. -0-
10/29/2024Armenia's economy expected to grow by 5.6 per cent in 2025 - Finance Minister
... growth between 2021 and 2026,’ - Hovhannisyan said . At the same time, he noted that the goals have not changed and the government will strive to ensure 7 per cent growth in 2025, for which additional efforts will be made along with acceleration of reforms. Hovhannisyan informed that the spending part of the 2025 state budget is projected at 3 trillion 452 billion drams and the revenues – at 2 trillion 873 billion drams. The projected budget deficit is 5.5 per cent or 609 billion drams. The minister ...
10/28/2024European Parliament says Azerbaijan must withdraw troops from Armenia’s sovereign territory and release Armenian prisoners of war
... Partnership in the field of energy between the EU and Azerbaijan.. In addition, the resolution states that any future partnership agreement between the EU and Azerbaijan must be made conditional on Baku releasing political prisoners, implementing legal reforms, improving the overall human rights situation in the country as well as demonstrating its genuine readiness to faithfully engage in peace negotiations with neighbouring Armenia following the 2023 Azerbaijani offensive in Nagorno-Karabakh. Azerbaijan ...
10/24/2024Armenia's arms diversification has no aggressive connotation - Defence Ministry
... relations in the security sphere being on the path to creating a professional army and reforming its Armed Forces,” Torosyan noted in an interview with the Public Television of Armenia. According to him, one of the most key components of these reforms is the diversification of weapons that does not have an aggressive connotation. "Our task is to protect the sovereign territory of Armenia - this is our right, enshrined and guaranteed by the UN Charter. Armenia acquires modern weapons ...
10/23/2024IMF leaves Armenia's economic growth forecast unchanged for 2024 and expects a slowdown in 2025
... tensions and potential growth setbacks in trading partners, a reversal of capital inflows, and surges in global food and energy prices. ‘On the upside, growth could exceed expectations if net exports perform better than anticipated and if structural reforms and refugee integration are implemented more swiftly,’ according to IMF. Armenia's economic growth in the state budget for 2024 is envisaged at the rate of 7%. The Central Bank expects the country's economy to grow in the range of 6.5-5.8 per ...
10/22/2024Converse Bank and Kapitalbank sign cooperation agreement at Sibos 2024
... financial markets, including joint operations in currency and money markets. With this partnership, the Bank expands its international network of partnerships, providing its clients with new opportunities for business growth and success. "Thanks to reforms, Uzbekistan’s economy is demonstrating impressive growth, attracting foreign investment and advancing key sectors. Kapitalbank is a driving force of transformation in the country and one of its market leaders. With this new collaboration, Kapitalbank ...
10/22/2024U.S. to continue supporting Armenian military reforms
Armenian-American cooperation in the defense area is developing - this was stated at a meeting between the Chief of the General Staff of the Armed Forces, Lieutenant General Edward Asryan and the Chairman of the Joint Chiefs of Staff of the United States Armed Forces, General Charles Brown. YEREVAN, October 17. /ARKA/. Armenian-American cooperation in the defense area is developing - this was stated at a meeting between the Chief of the General Staff of the Armed Forces, Lieutenant...
10/17/2024EU 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. /ARKA/. The EU will provide the Armenian ...
10/12/2024Armenia and NATO discuss areas of cooperation
... meetings a wide range of issues were discussed, in particular, the current state of Armenia-NATO cooperation and potential opportunities for its development. The most urgent directions of cooperation were defined. The Armenian side presented the ongoing reforms in the Armenian Armed Forces. In addition, regional security issues were touched upon, and the sides exchanged views on international military-political developments. -0-
10/04/2024Armenian Secretary of the Security Council met with the regional director of US military intelligence
... satisfaction with the interaction established as a result of close cooperation between Armenia and the United States. The interlocutors exchanged ideas on a number of issues on the agenda and outlined future areas of cooperation; Grigoryan presented reforms to improve and modernize the security system. The parties also discussed the regional security situation and touched upon some issues on the extra-regional security environment. -0-
10/02/2024Armenian Foreign Minister and European Commission Vice President discussed deepening of cooperation
..., as well as the positive dynamics of discussions on the development of a new agenda for the Armenia-EU partnership were noted, the press service of the Armenian Foreign Ministry reported. Mirzoyan and Jourová touched upon the progress of ambitious reforms implemented by Armenia to protect human rights and the rule of law, strengthen democratic institutions, as well as cooperation with the EU. Within the framework of the EU research and innovation program Horizon Europe and the Creative Europe program,...
10/02/2024New 5-year tourism development strategy being worked out in Armenia
... economic growth, but also creates new jobs, improves the quality of life of local communities and promotes cultural exchange,” Hovakimyan noted. The Deputy Minister said that in recent years the A Government has implemented a number of institutional reforms aimed at improving the infrastructure, creating favorable environment for tourists, which increase Armenia's competitiveness in the international arena. According to the data he cited, more than 2.3 million tourists visited Armenia in 2023, ...
09/30/2024U.S. Government announces $20,600,000 support to Armenia to bolster cyber, border, and energy security and strengthen resilience
... announced through USAID to enhance the technological capacities of independent media to produce impactful and public interest journalism, leverage innovation to promote media and information literacy, and to bolster the local advocacy for key media reforms in Armenia. This $20,600,000 in new support for Armenia builds upon approximately $11.9 million in funding announced during Administrator Power’s July 2024 visit to Yerevan. That funding will strengthen economic resilience, advance digital ...
09/26/2024Armenian PM informs Cypriot President of readiness to sign peace treaty with Azerbaijan
... government's ‘Crossroads of Peace’ project aimed at unblocking regional transport routes. The sides also exchanged views on Armenia-European Union co-operation. Pashinyan emphasised the importance of the EU's consistent support in promoting democratic reforms in Armenia. As for the expansion of Armenia-EU relations, both sides stressed the importance of starting a dialogue on the liberalization of visa regime. The meeting took place in the framework of the UN General Assembly, the press service of ...
09/24/2024EU ambassadors visit ‘’Margara’’ checkpoint on Armenian-Turkish border
... as at other checkpoints in Armenia, state border control is planned to be implemented on the basis of the principle of integrated border management using the “single window” system. The ambassadors were told about the main directions of customs reforms, including the simplification and digitalization of trade. EU Ambassadors expressed satisfaction with the work carried out at the checkpoints. noting the importance of cooperation between the EU and the State Revenue Committee. The Armenian authorities ...
09/23/2024U.S. ready to continue assistance in promoting Armenia's democratic reforms: State Department
The United States is ready to continue to assist in promoting democratic reforms in Armenia, US Deputy Secretary of State Joshua Huck said at a meeting with Armenian Prime Minister Nikol Pashinyan in Yerevan on Friday. YEREVAN, 20 September. /ARKA/. The United States is ready to continue to assist in promoting democratic ...
09/20/2024Learning French language in Armenia gains new momentum: France will provide 600 thousand euros
... Education International’’ in conjunction with the ‘’National Center for Education Development and Innovation Foundation’’, will be organized for about 30 teachers. The Minister stated that the program being launched is fully in line with the reforms being carried out in the field of general education in Armenia. "According to the new general education criterion, we have set the task of improving the knowledge of foreign languages in our schools. New French language teaching programs ...
09/17/2024Armenia, USAID expand cooperation agreement, doubling grant to $250 Million
... development. Grigoryan highlighted the importance of not only the financial support but also the democratic values and innovative ideas that the partnership fosters. "The investments from these programs have enabled us to implement fundamental reforms and improve the quality of life for our citizens," he said. Allelo emphasized the significance of the expanded collaboration: "This change reflects our commitment to partnering with Armenia. By increasing our support and broadening our ...
09/11/2024European Commission Vice President says EU interested in developing relations with Armenia
... approached in detail and comprehensively. It is important to listen to the observations and advice of our EU partners,’ the prime minister said. Schinas emphasised the interest of the European Union to develop relations with Armenia and promote its reforms. At the same time, he expressed hope for effective cooperation with the Armenian government in the dialogue on the liberalization of visa regime. The interlocutors also discussed ia set of ssues related to the implementation of the agreements ...
09/09/2024USAID to provide Armenia with additional $130 Million for governance reforms
The agreement was approved at a government session on Thursday. YEREVAN, September 5. /ARKA/. The United States Agency for International Development (USAID) will allocate an additional $130 million to Armenia aimed at enhancing the efficiency of its public administration. The agreement was approved at a government session on Thursday. The new funds are intended to strengthen democratic values and ensure economic stability in Armenia. This initiative will focus on institutionalizing effective and...
09/05/2024Armenian Defense Minister Papikyan meets with French Ambassador Decottignies to discuss defense cooperation
..., Olivier Decottignies, on Friday, as reported by the Ministry of Defense's press service. During the meeting, the parties discussed ongoing and upcoming cooperation programs between Armenia and France in the defense sector. The talks focused on the reforms being implemented within the Armenian Armed Forces and the related cooperation programs with France.
08/23/2024Armenian Finance Minister and new UN Resident Coordinator express readiness to strengthen partnership
... Resident Coordinator in Armenia Françoise Jacob, the press service of the ministry reported. It said Hovhannisyan highly appreciated the current level of cooperation with UN structures and the support provided by the UN in implementing institutional reforms. They were said to touch also upon the programs implemented jointly with the Armenian government. They also discussed prospects for cooperation in addressing the needs of displaced persons from Nagorno-Karabakh, financing climate change and a ...
08/15/2024Armenia-EU talks have nothing to do with Armenia’s possible membership candidacy - European Union spokesman
... go, and to agree on our goals," he said. According to him, this is very important, because it shows that the sides are getting closer, that they want to do more together, based on European principles and values, of course, and based on political reforms, economic reforms and mutual co-operation. Asked whether this new partnership agenda could be seen as a step towards Armenia's candidacy for EU membership, Stano said it had nothing to do with a potential candidacy process for membership. ‘The ...
08/09/2024Armenia to receive €75m loan from French Development Agency
... between Armenia and the French Development Agency on 26 June 2024. "This is the second phase of the programme, the first phase was completed in 2022. The implementation of the programme was accompanied by technical assistance to implement targeted reforms in the Ministries of Finance, Economy, Environment, Central Bank, State Revenue Committee. Discussions on the third stage have also started," Hovhannisyan said. According to the Minister, the programme is implemented jointly with the Asian ...
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