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Benefits for highly qualified specialists to be reduced in Armenia
... government approved a decision to extend the 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. YEREVAN, December 27. /ARKA/. At a meeting on Friday, the Armenian government approved a decision to extend the program for subsidizing leasing contracts and loans for industry until December 31, 2025. This ...
12/27/2024Yerevan City Hall fires 18 bus drivers involved in the strike
....) not to allow passengers to board the bus if they do not have a 100-dram coin or a QR code, or, for example, if the validator on the bus is not working or freezes," he noted. According to him, the city authorities kept their promise to review salaries. “We were promised a salary increase—specifically, Avinyan mentioned this when we would switch to the card system. He said our salary would increase by 150,000 drams. We agreed, but a month has passed and nothing has changed,” said a participant ...
12/03/2024About 4 thousand teachers in Armenia already receive increased salaries based on the results of certification
Armenian Minister of Education, Science, Culture and Sports Zhanna Andreasyan reported that based on the results of voluntary certifications conducted in 2021-2023, about 4 thousand teachers are already receiving increased salaries. YEREVAN, October 29. /ARKA/. Armenian Minister of Education, Science, Culture and Sports Zhanna Andreasyan reported that based on the results of voluntary certifications conducted in 2021-2023, about 4 thousand teachers are already receiving ...
10/29/2024Average monthly salary in Armenia reaches 275k AMD in June 2024
The report also noted a general increase in average salaries across all employment sectors compared to June 2023, with few exceptions YEREVAN, September 3. /ARKA/. The average monthly salary in Armenia as of June 2024 was 275,654 drams, marking a 3% increase compared to the same period last year, the ...
09/03/2024Ameriabank develops special salary offer for legal entities and individuals operating in the regions (video)
... row Ameriabank is implementing a special project for companies and individuals operating in the regions, the Bank's press service reports. As part of this campaign, companies and individuals that become Ameriabank's clients and start receiving their salaries on Ameriabank's card will benefit from a number of privileges. In particular, as part of the package, regional companies will be able to open bank accounts in any currency free of charge, receive Visa Business card free of charge, activate and ...
06/10/2024Central Bank Chairman: Armenia’s economy becomes more independent of money transfers from abroad
... developments. “Russia has long been the most popular destination for our workforce,” he said, adding that for many years roughly 80% of money transfers coming to Armenia have been from Russia. Another important factor is the narrowing gap between the salaries in Russia and Armenia. “Say, a person is working in the construction industry, and now there’s no big difference between how much money they can make in Russia and in Armenia, so the opportunity to work in Russia is now much less attractive ...
06/03/2024Armenia has not appointed trade representatives to WTO and some countries
... downward to 62.5 million drams. There were no appointments and the actual execution (of the budget) was 60.6 million drams,’ he said, explaining that the problem is that there is a big difference between the requirements made to the applicants and the salaries paid to them. Papoyan noted that the ministry is unable to pay specialists it would like to have as trade attaches abroad. And people who would like to work for that amount of money do not want to be appointed as trade attachés. In other words,...
05/31/2024Net inflow of remittances from Russia to Armenia decreased by about 50% in Q1 - Central Bank
... “We will be able to identify certain behavioral trends and tendencies,” he said. The head of the regulator also explained that taking into account the realities in the economy of Armenia and Russia, the behavior of the exchange rate, the ratio of salaries, it is necessary to have an understanding of whether Armenian migrant workers plan to continue working in Russia. “Some prefer to return to Armenia and work here, as the difference in salaries now is much smaller than, for example, 10 years ...
04/30/2024Armenian companies fined more than 57 million drams in first quarter for violations of work and health rights - regulator
... violations, in general, have not changed. We still cannot have a complete picture in terms of assessment, but there are permanent violations that were recorded,” Grigoryan said. According to him, the violations, in particular, relate to untimely payment of salaries, additional vacations, unjustified substantial changes in working conditions, , involvement in overtime work, permanent failure to record working hours. “Since our activity is now connected with the construction sector, violations are recorded here as well. Violations are mainly related to wearing ...
04/30/2024Armenia plans to set state duties on a number of civil aviation services
... and crews, and handling of hazardous air cargo. Currently, the Civil Aviation Committee (CAC) provides these services free of charge to airlines and the companies managing airports in Yerevan, Gyumri and Kapan. As a result it is unable to raise the salaries of specialists. According to some estimates, when the new state duties come into effect, they are expected to generate about 150 million drams of revenue per year. ($1 - AMD 401.27) -0-.
03/20/2024Armenian Nuclear Safety Regulatory Committee experiences shortage of personnel
... said. According to Khachikyan, the idea to change the category of the committee's personnel from civil servants to experts providing public services will allow to introduce a personnel certification mechanism, which will in turn enable to double the salaries and also facilitate replenishment and training of personnel. -0-
02/08/2024Armenian government adds 'digital' component to companies' economic modernization program
... companies are also upgrading their equipment quite quickly," he said. Kerobyan recalled that the second component of the program is about attraction of highly qualified foreign specialists with the government subsidizing 20%, 50% or 70% of their salaries for three years. According to the minister, twenty-eight companies have attracted 367 specialists. "Now we are introducing the third component, which urges companies to digitalize their operations. Today over 90% of companies in Armenia ...
01/25/2024High-paid workers in Armenia will be offered to postpone retirement - Ministry of Social Affairs
Highly skilled workers of retirement age with monthly salaries of 300,000 drams ($740) and above will be offered to postpone retirement, Armenian Minister of Labor and Social Affairs Narek Mkrtchyan said on Wednesday. YEREVAN, January 11. /ARKA/. Highly skilled workers of retirement age with monthly ...
01/11/2024Almost 4,000 teachers receive increased salary based on certification results - Armenian Education Ministry
The salaries of about 3,830 schoolteachers in Armenia have been raised to AMD 200,000 per month after they successfully passed the certification, the Ministry of Education, Science, Culture and Sport said. YEREVAN, January 5. /ARKA/. The salaries of ...
01/05/2024Pashinyan says large-scale reforms underway in Armenian Armed Forces
... YEREVAN, November 24. /ARKA/. Large-scale reforms are underway in the Armenian Armed Forces, Prime Minister Nikol Pashinyan said on Friday, answering citizens' questions in a live TV broadcast He said one of the reforms is raising military personnel salaries through certification. One of the citizens asked why the model of developed countries, such as Switzerland, is not applied in the Armenian army. In response, Pashinyan said that the reforms are being implemented taking into account the international ...
11/24/2023AOKS building in downtown Yerevan returned to state ownership. Pashinyan dissatisfied with law enforcement agencies
... 2018 that the property stolen from the state and the people would be returned. He noted that there are numerous leagl proceedings, but cases with concrete results can be counted on the fingers of one hand. He said there have been substantial reforms, salaries of prosecutors have been raised, but at the end of the day there are processes, but no results yet. --0—
11/23/2023Prosecutors in Armenia to receive extra payments to the tune of 92% of their salaries
The government of Armenia will allocate additionally more than 1.3 billion drams from its Reserve Fund for extra payments to prosecutors, whose salaries were almost doubled earlier this year. YEREVAN, November 17. /ARKA/. The government of Armenia will allocate additionally more than 1.3 billion drams from its Reserve Fund for extra payments to prosecutors, whose salaries were almost doubled ...
11/17/2023Armenian government revises procedure for school educators certification
... certification of school teachers, which allows them to receive higher salaries. YEREVAN, November 17. /ARKA/. The Armenian government has amended today a procedure developed for voluntary certification of school teachers, which allows them to receive higher salaries. One of the changes, according to the Minister of Education, Science, Culture and Sport Zhanna Andreasyan is meant to stimulate teachers to raise their qualification. According to the current procedure, if a teacher fails the first certification exam, he/she is given ...
11/17/2023Armenian PM says real wages rose and poverty rate dropped
... so that everyone knows that the only way to overcome poverty is to work," the prime minister said. He stated that now thousands of people come to Armenia to work. Earlier, Finance Minister Vahe Hovhannisyan said the number of hired workers and salaries were expected to grow by 5.5% and 13.6% respectively by the yearned, and by 2.7% and 8.8% in 2024. -0-
11/16/2023Ex-finance minister calls Armenia's draft state budget for 2024 'impressive', but points to capex risks
... nothing but populism," he emphasized. According to him, the most dangerous thing in the draft state budget is unprecedented high level of undertaken commitments regarding the current expenditures, in particular, the increase of pensions or teachers' salaries. The 2024 draft budget projects a 7% growth, as much as in 2023. The government also expects to collect 2.676 trillion drams in revenue and spend 3.108 trillion drams. The defect budget is projected at 4.6%. Armenian government's debt to GDP ...
11/13/2023Armenian government to set size of extra payments to Foreign Intelligence Service employees
Under a decision approved today by the government of Armenia, employees of the Foreign Intelligence Service will receive extra payments in addition to their regular salaries. YEREVAN, November 9. /ARKA/. Under a decision approved today by the government of Armenia, employees of the Foreign Intelligence Service will receive extra payments in addition to their regular salaries. The size of extra payments will ...
11/09/2023Pashinyan attends inauguration of new building of medical center in Martuni
... strong community in mind, a strong community in body, a strong community psychologically. And all these three directions are somehow related to healthcare," said Nikol Pashinyan. The Prime Minister also referred to the mechanism of raising the salaries of the outpatient healthcare staff, due to the implementation of which, in some places, a salary increase of up to 170 percent was recorded. Nikol Pashinyan emphasized that in that case, better quality medical service is also expected. The construction ...
11/06/2023Salaries of leading researchers in Armenia to rise to 420,000 drams in 2024 - minister
Salaries of leading researchers in Armenia will significantly increase in 2024 and reach AMD 420 thousand, Minister of Education, Science, Culture, and Sports Zhanna Andreasyan said on Wednesday. YEREVAN, November 2. /ARKA/. Salaries of leading ...
11/02/2023Ardshinbank recognized as "Best Corporate" and "Best ESG Bank" in Armenia by Euromoney magazine
... development, actively supporting the rehabilitation center "Soldier's Home," participating in various charitable projects, including international ones. Another crucial goal for us is to become the best employer. This means providing competitive salaries, working conditions, professional training for employees, creating new jobs, and developing infrastructure, especially in the regions. In the future, we will continue to expand ESG programs, increase investments in renewable energy sources, waste ...
10/31/2023Wages in Armenia to grow by 8.8% in 2024; unemployment to drop to 12.3% - Finance Minister
... on Monday. YEREVAN, October 30. /ARKA/. The positive trends recorded in the labor market will continue into 2024, Armenian Finance Minister Vahe Hovhannisyan said on Monday. "Amid high economic growth rates, the number of hired workers and salaries are expected to grow by 5.5% and 13.6% in 2023 and by 2.7% and 8.8% respectively in 2024," he said at a parliamentary discussion on the draft state budget for 2024. The minister also noted that employment growth is also expected in 2023 ...
10/30/2023Artsakh Information Center denies rumors about embezzlement of budget money
... Center said in a statement. According to it, Artsakh government’s total expenditures after the Azerbaijani military aggression on Sept. 19-20 amounted to about AMD 463 million and more than 260 million drams of that amount were paid as public sector salaries. Another 83.5 million drams were used to repay the Urban Development Ministry’s debts to 18 companies for previously completed construction work. Also, another 96 million drams were spent to repay the obligations of the Ministry of Agriculture ...
10/11/2023Armenian government cuts work hours of school teachers
... of Education, Science, Culture and Sport Zhanna Andreasyan, teachers of grades 1-4 will work 18 hours a week instead of current 20 hours and teachers of grades 5-12 will work 20 hours instead of current 22. According to the minister, as a result the salaries of teachers will rise by 20% and 10% respectively. The decision also entails introduction of new standards that require teachers to change the grading system, instructional planning, and expand teaching methods. The implementation of the decision ...
10/05/2023Armenian MPs to discuss 60% rise in salaries of first instance judges
The Armenian parliamentary committee on state and legal affairs approved a draft law that calls for raising the salaries of a number of judges of first instance courts by 60% from January 1, 2024. YEREVAN, September 28. /ARKA/. The Armenian parliamentary committee on state and legal affairs approved a draft law that calls for raising the salaries of a number ...
09/28/2023Dozens of teachers in Armenia receive a salary of 400,000 drams and more - minister
There are dozens of school teachers in Armenia whose salaries have grown to 400 thousand drams a month and more, Education, Science, Culture and Sports Minister Zhanna Andreasyan said today. Several dozens of teachers in Armenia receive a salary of 400,000 drams and more - minister YEREVAN, September ...
09/13/2023New criminal case opened against ex-head of Armenia’s Enforcement Service
... embezzlement in large amounts, abuse of official powers (two cases) and exceeding official powers. In particular, Poghosyan had appointed his relatives and close friends to positions in the Enforcement Service, who did not perform their duties but received salaries. In total, 59.4 million drams of damage was caused to the state in this way. Also, through his proxies Poghosyan ran several companies - Catherine Group, Best Realty, Kecharis Hotel and Frutimax and patronized them, granting a string of privileges....
08/23/2023Humanitarian situation in Karabakh may undermine peace process in South Caucasus - Mirzoyan
... with disabilities, older persons, pregnant women, and the sick – at significant risk.” To sum up, due to the blockade, there is no economic activity in Nagorno-Karabakh. Thousands of people are left unemployed, as there is no possibility to pay the salaries. Even those people that have money are not able to buy anything, as the shelves in the stores are empty. Women, children, elderly stay in long queues in order to be able to buy some bread or fruits and vegetables. Sometimes they have to pass ...
08/17/2023About 12,000 school teachers in Armenia to have their salaries raised from September - Minister
Thousands of school teachers in Armenia teaching physics, chemistry, biology, geography and computer science , as well as teachers of all subjects in rural schools will have their salaries raised starting September this year, Education, Science, Culture and Sports Minister Zhanna Andreasyan said. YEREVAN, August 1. /ARKA/. Thousands of school teachers in Armenia teaching physics, chemistry, biology, geography and computer ...
08/01/2023Armenia raises salaries of judges of first instance courts by 60%
The Armenian government has approved today a 60% rise in the salaries of a number of judges of courts of first instance. YEREVAN, July 27. /ARKA/. The Armenian government has approved today a 60% rise in the salaries of a number of judges of courts of first instance. The decision wills come into force on January ...
07/27/2023Average salary in Armenia up 13.7% due to certification of teachers and military personnel
... the law "On General Education", which among others provides for salary rise for teachers who pass voluntary certification and collect high scores. The certification process in the Armed Forces started in June 2023. Based on its results, the salaries of servicemen is increased. In particular, for the rank-and-file personnel it is set at two times the maximum amount of their pay, i.e. about 422 thousand drams. (almost $1.1 thousand) while on combat duty. -0-
07/25/2023Azerbaijan's actions may lead to loss of 10-20% of Armenia's economic growth due to impact on mining industry
... According to the "Strategy for the Development of the Mining Industry until 2035", as of 2021, the sector's companies employed some 11,900 workers and another 51,200 were employed by companies providing services to the mining industry, whose salaries are twice as high as the average salary in the country," said Janyan." -0-
07/25/2023A branch of Ecole hôtelière de Lausanne to be established in Armenian Gyumri
... reforms in the education sector in order to improve both physical and content infrastructure. In order to replenish the human resource base, the process of teacher certification has been initiated, which has also resulted in a significant increase in salaries, and work has begun on the design of the Academic Campus. The Prime Minister emphasized the importance of establishing a branch of Ecole hôtelière de Lausanne in Gyumri in terms of providing quality professional education and capacity building....
07/19/2023Funding model for theaters and concert halls to be changed in Armenia
... infrastructures. According to her, as a result, 90% of state-run theaters and concert halls saw their income grow compared to pre-covid period. The extra amount can be used by the theaters and concert halls to improve their maintenance, raise staff salaries, stage new performances. The pilot program will be first implemented this year at the Spendiarov Opera and Ballet Theater in Yerevan. "This year we have already provided 1.4 billion drams to the Opera and Ballet Theater. Taking into account ...
07/13/2023More than 170,000 jobs created since May 2018: Pashinyan
... in the wage fund, which, compared to May 2018, grew by 106% or 103 billion 40 million drams. "The indicator of the average salary is very important; it has increased by 101,629 drams or 57.6%. It is important that in comparison with April 2023, salaries have risen by 4,215 drams or 1.5%, and in comparison with May 2022 by 40,323 drams or 17%," the PM said, noting that the growth of salaries outpaces the inflation rate. ($1 - 386.16 drams). -0-
06/22/2023Justice Minister presents main achievements in reforming Armenian judicial system
... Ministry of Justice in 2022 was amending the legislation. "We are working to make justice more accessible. We have also raised salaries at almost all key levels, including the Constitutional Court, the Court of Appeals, the Prosecutor General's Office, ... ... also improved conditions of detention in penitentiary institutions," the minister said. A package of major legislative changes designed by Armenian Justice Ministry to reduce the workload of court judges was also approved by the government last ...
06/21/2023Armenian court judges workload to be reduced, judges' salaries to be raised
... Instead, they will have to settle them with notaries, who, in turn, will further transfer cases to the Enforcement Service. The changes will apply to cases of confiscation of up to 2 million drams. At the same time citizens will retain the opportunity to ... ... draft, according to Minasyan, will solve the dilemma faced by the government: to increase the number of judges or raise their salaries in favor of the latter. ($1 - 386.54 dram) -0-
06/16/2023Armenian ministry promises significant rise in scientists' salaries
Armenia's Minister of Education, Science, Culture and Sports Zhanna Andreasyan announced today a rise in the salaries of scientists. YEREVAN, May 31. /ARK/. Armenia's Minister of Education, Science, Culture and Sports Zhanna Andreasyan announced today a rise in the salaries of scientists. Speaking in parliament, the minister said in order to have their salaries ...
05/31/2023Armenian National Assembly's committee approves bill to almost double salaries of investigators
The Armenian parliament’s committee on state and legal affairs has approved today a government bill to raise the salaries of investigators by 92%. YEREVAN, May 15. /ARKA/. The Armenian parliament’s committee on state and legal affairs has approved today a government bill to raise the salaries of investigators by 92%. Arsen Ayvazyan, deputy chairman of Armenia’s ...
05/15/2023Armenian companies buy 83 billion drams worth equipment with government subsidies
... as part of this government-backed scheme, companies purchased equipment worth more than 83 billion drams. He added that as part of the scheme the government has approved applications of 27 companies, which seek government subsidies of 20% to 50% of salaries of 321 highly qualified specialists invited from abroad for a period of 36 months. The minister stressed that one of the key goals of the Armenian authorities' economic policy is to increase labor productivity. "Only by striving for this ...
05/02/2023Government approves rise in investigators' salaries
The Armenian government has approved today a set of amendments to the law that regulates remuneration of persons holding public posts, which call for raising the salaries of employees of the Investigative Committee. YEREVAN, April 21. /ARKA/. The Armenian government has approved today a set of amendments to the law that regulates remuneration of persons holding public posts, which call for raising the ...
04/21/2023Armenian government includes Best Buy Aram CJSC into register of operators of ECOS FEZ
... the government, this company plans to produce and export electric motors, generators and transformers, metal structures and their components. The 2023-2030 program of the company envisages investments of over AMD 4.3 bln, creation of 50 new jobs with salaries ranging from AMD 350,000 to 600,000. Estimated annual production is supposed to grow from 75mln drams to 988.23mln drams (more than AMD 5.78mln in 8 years). ECOS FEZ, operating since January 2019 in the city of Hrazdan (Kotayk region), is an ...
04/13/2023Picodi: residents of Armenia will need to work about 149 years to earn $1 million
... people often do not think about how much money they have earned cumulatively. Picodi.com analysts have calculated how many years people in different countries need to work to earn one million US dollars. Calculations were made based on average monthly salaries in each ranked country. The average salary in Armenia allows its residents to earn $1 million after working 148 years and 8 months, down from 215 years and 4 months in Picodi's previous calculation, made a year ago. An Azerbaijani resident will ...
04/13/2023New system for certification of police officers will be introduced in Armenia
... others, a psychologist. During the allocated three years employees will also have an opportunity to undergo retraining once to prepare for certification exam. High-ranking police officers will not be entitled to certification for pay raises because their salaries are already high. --0-
04/03/2023Armenian parliament doubles prosecutors' salaries
By a vote of 67 to 8 and 23 abstentions, the Armenian parliament has passed today in the second and final reading a set of amendments to a law that determines the salaries of public servants. YEREVAN, March 22. /ARKA/. By a vote of 67 to 8 and 23 abstentions, the Armenian parliament has passed today in the second and final reading a set of amendments to a law that determines the salaries of public servants....
03/22/2023Ministry of Justice announces completion of Anti-Corruption Court formation
... new Anti-Corruption Chamber, which ensures a three-tiered anti-corruption judicial chain," Minasyan said at a meeting of the parliamentary standing committee on human rights and public affairs. He recalled that the government raised recently the salaries of Constitutional and Cassation Court judges. -0-
03/17/2023National Security Service employees in Armenia to have salary rise after certification
... to the laws "On Service in National Security Bodies" and "On Remuneration of Persons Occupying Public Posts and Positions in Public Service." The Deputy Director of the National Security Service (NSS) Andranik Simonyan said the changes are designed to introduce a new certification system in national security agencies, raise salaries based on its results, as well as ensure the proper level of professional training of employees. He said the amendments calls for additional payments for employees involved in planning, execution and monitoring of special missions, state border ...
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