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Armenia to Receive $9.6 Million to Strengthen HIV/AIDS and Tuberculosis Programs
....6 million to enhance tuberculosis and HIV/AIDS programs in Armenia. This decision was made during a meeting of the Armenian government on Wednesday. The new program, which officially commenced on January 1, 2025, continues a long-standing collaboration,... ... to Armenia amounted to approximately $89.3 million through these efforts. The focus of these programs is to prevent, detect, research, and treat HIV/AIDS and tuberculosis. An essential aspect of this initiative is ensuring that individuals living with ...
04/30/2025Armenia is encouraged by IMF to enhance its economic resilience and promote inclusive growth
... April 10, the IMF team, led by Iva Petrova, emphasized the importance of ongoing structural reforms. The team noted, “The government's initiatives to boost labor force participation among vulnerable groups, broaden the country’s export markets, and ... ... primarily focuses on combating unemployment. Armenian Minister of Labor and Social Affairs Narek Mkrtchyan pointed out that research indicates a portion of the potentially employable population lacks competitiveness and the necessary skills to align ...
04/28/2025Unemployment in Armenia rose to 13.9% in 2024 from 12.4% a year earlier – WB
... the previous quarters; however, the annual unemployment rate stood at 13.9 percent, higher than the 12.4 percent recorded in 2023, due to rising unemployment in urban and rural areas for both women and men. At the close of December 2024, the Armenian government put into action the Employment Strategy for 2025-2031, aimed primarily at addressing the issue of unemployment. Minister of Labor and Social Affairs, Narek Mkrtchyan, pointed out that research indicates a segment of the potentially employable population lacks competitiveness, possessing insufficient skills to meet the demands of today’s job market. The strategy specifically targets residents of regional cities, unemployed youth who ...
04/23/2025Consequences of US trade restrictions: economist assesses risks for Armenia's economy
... alternative markets can compensate for possible losses. Tatul Manaseryan, Doctor of Economic Sciences, Professor, Head of Alternative research center, speaks about this in an exclusive interview with ARKA news agency. ARKA - President Trump has declared a “trade ... ... Manaseryan - Producers find their own ways to different markets. We should ask ourselves what is the state doing, what is the government doing? All over the world, including the USA, as it is seen from the recent steps of the Trump administration, even ...
04/03/2025Unemployment in Armenia in Q3 2024 rose to 13.3% from 12% a year earlier - WB
... rate rose to 13.3% from 12% registered in the third quarter of 2023, according to the World Bank's “Armenia Monthly Economic Update - February 2025”. The survey notes that the rise was contributed by higher unemployment in rural areas. The Armenian government in late December 2024 approved the Employment Strategy for 2025-2031, the main goal of which is to fight unemployment. According to Minister of Labor and Social Affairs Narek Mkrtchyan, research shows that part of the potentially employable population is uncompetitive and does not have the level of skills needed to meet the demands of the modern labor market. The target group of the strategy is the residents of regional cities, non-student ...
02/24/2025Armenia approves participation in EU's Interreg NEXT program with a budget of more than 72 million euros
... with a total budget of 72 million 275 thousand euros and 65 million euros of EU grant funding. The program is financed by the European Union's Neighbourhood, Development... ... “green” and “blue” economies, environmental protection, promotion of scientific research and introduction of innovative technologies. The participating countries are... ... and technology. The beneficiaries of the program can be state authorities, local self-government bodies, non-governmental organizations, academic institutions, organizations...
02/13/2025Armenia seeks to increase taxes for online casinos
Hayk Sargsyan, an Armenian MP from the pro-governmental Civil Contract party, has introduced today a draft law proposing to change the taxation system for online games with ... ... sweepstakes and bookmakers. During a discussion of the bill in the parliamentary committee on economic issues, Sargsyan cited research data, which say that the turnover in this field soared from 14 billion drams in 2010 to 6.3 trillion drams in 2023. At ...
02/05/2025Slow-acting tax: Armenians expect sharp increase in property tax
... I get in return as an owner of an apartment in an apartment building?" commented one resident of central Yerevan on social media. What Do Experts Think? Tatul Manaseryan, a doctor of economics, professor, and head of the "Alternative" research center, criticized the project in an interview with ARKA news agency. "I don’t see anyone in the government capable of presenting detailed and substantiated calculations. Moreover, the government's intention is obvious, as the Prime Minister openly stated, to encourage pensioners to leave the center of Yerevan, particularly Mashtots Avenue. Let them ...
01/13/2025Dalan Technopark and OVIO sign memorandum of co-operation
... providing 3000 workplaces. The Technopark will consist of 22 floors, 13 of which will house office premises, an exhibition hall, a research and development centre, a restaurant, a food court, a hotel, a gym, a swimming pool, conference halls and a shopping ... ... company. OVIO's corporate customers are many large enterprises in Armenia, including banks and other financial institutions, government agencies, telecommunications companies and major international organisations. In May 2024, the company put into commercial ...
12/17/2024Central Bank head disagrees that MiCA-like regulation of cryptocurrencies could scare away potential investors
... processes taking place in the world. Secondly, the Europeans were able to arrive at such a benchmark law after three years of research. In our opinion, their experience is quite consonant with the world processes,’ Galstyan said at the press conference.... ...,’ Galstyan said. The Central Bank Chairman also said that the draft law on regulation of this sphere has been sent to the government. 'It is planned to hold another meeting on it, after which it will be sent to the Parliament for consideration and ...
12/10/2024''Energy Efficient Regions'' program implemented in Armenia with $1.7 million EFSD grant
... efficiency measures are being implemented. In particular, a 150 kW solar photovoltaic station was installed at the CANDLE Synchrotron Research Institute, along with energy efficiency measures such as thermal insulation of floors and ceilings and the replacement ... ... Grigor Narekatsi Polyclinic. About the Fund The Renewable Energy and Energy Efficiency Fund of Armenia was established by the Government of the Armenia in 2005. The Fund’s goal is to promote the development of the renewable energy and energy efficiency ...
11/21/2024Government names Merop Mesropyan as head of PSRC
The Armenian government nominated Merop Mesrop Mesropian to head the Public Services Regulatory Commission (PSRC) at a session on Thursday.... ... Garegin Baghramyan on 10 October 2024. Mesrop Mesropyan graduated from the National Polytechnic University, specialising in research engineering. He worked at Hrazdan Power Plant, Armenenergo, ArmRosgazprom, Redinet telecommunication company, and was ...
11/07/2024Italian company Systematica to develop transport system for Academic City in Yerevan
The Armenian government approved on Thursday procurement of services from the Italian company Systematica without announcing a tender.... ... well as airports.' Pashinyan said. According to the government plan, the Academic City is to house all the universities and research institutes of Armenia. It is being developed by the German company gmp International GmbH Architects and Engineers. The ...
10/17/2024Armenia allocates AMD 18.5 mln for research of serum against small ruminant plague
The Armenian government approved today the allocation of AMD 18.5mln for the program of research of serum against small ruminant plague. YEREVAN, October 3. /ARKA/. The Armenian government approved today the allocation of AMD 18.5mln for the program of research of serum against small ruminant plague. The program is aimed at ...
10/03/2024Pashinyan on creating Academic campus
... Nikol Pashinyan at a meeting with students and faculty of Yerevan State Institute of Theatre and Cinema today spoke about the government’s plan to build an academic campus in a Yerevan outskirt. YEREVAN, 2 October. /ARKA/. Armenian Prime Minister ... ... higher education and science. He also spoke about the importance of public education, the necessity of conducting scientific research in parallel with education, providing sports activities for healthy lifestyle, creating cultural centres and in general ...
10/02/2024Iranian trade centre opens in Yerevan: countries seek to increase trade turnover to $3bn.
... a huge undiscovered potential for the development of economic relations,’ Papoyan noted. He pointed out that the Armenian government is interested in attracting more Iranian companies to the country and bringing the relations to an even higher level.... ... Business-to-Business (B2B) meetings, event, conference and festival venue. In addition to providing exhibition, marketing and research services, strategies for entering promising markets in Armenia and the Eurasian Economic Union (EAEU), the centre will ...
09/30/2024Armenia’s government designates 17th Quarter in Yerevan for academic campus development
The Armenian government has designated the territory of Armenfilm and several land plots in Yerevan's 17th Quarter as areas of public priority,... ... owned by both public and private entities. The concept for the Academic Campus, which aims to centralize all universities and research institutes in Armenia, is being developed by the German company gmp International GmbH Architects and Engineers. The ...
08/22/2024Global recession or just an adjustment: what awaits Armenia amid the "storm" in the world stock markets
... in the world economy, and what happened may be a harbinger of a new global crisis. Tatul Manaseryan, Head of the Alternative Research Centre, and economist Hrant Mikayelyan shared their opinions on the development of the situation and its possible impact ... ... in a negative sense, advances there," Mikayelyan noted. How can Armenia's economy endure? Asked what steps the Armenian government can take to prepare for a possible recession, Mikayelyan said that he would start gradually devaluing the dram, easing ...
08/07/2024Armenia to make it easier to get funding for weapons development
... Military-Industrial Complex", designed to simplify obtaining funds for weapons development. YEREVAN, 1 August. /ARKA/. The Armenian government today approved a package of amendments to the law "On Military-Industrial Complex", designed to simplify obtaining funds for weapons development. According to Minister of High Technology Industry Mkhitar Hayrapetyan, now to receive funding, companies must fully complete the cycle of research and development work, while in fact research and development work is often unnecessary. "The proposed changes will ...
08/01/2024Rosatom starts assessing re-extension of Armenian NPP until 2036
... removed so that they can be analysed in the laboratory. Unloading of the samples installed at the Armenian NPP for the purpose of research will start in 2025 and will be carried out annually. In 2021, Rosatom Service JSC and Rosatom's industry institutes performed ... ... town of Metsamor, about 30 kilometers west of Yerevan. It accounts for about 40% of the country's electricity generation. The government has already extended the facility's lifespan by ten years until 2026 after a major modernization and technical upgrade....
07/30/2024Investment risks and diversification: how to build a safe and profitable portfolio
... debts, poor annual performance and lack of innovation mean you should not choose its assets. If dividends are crucial to you, research the company's payout history and policies. When selecting assets, prioritise issuers that have consistently provided ... ... determine the potential level of risk: - If we arrange the main instruments from the most reliable to the least stable, we get: government bonds - corporate bonds - stocks of large first-tier companies - high-yield bonds of small and medium-sized companies ...
07/16/2024Armenia joins Interreg Next project
The project has a total cost of €72.3 million YEREVAN, June 20. /ARKA/. The Armenian government approved joining the Interreg Next project that brings together countries around the Black Sea on Thursday. The project ... ... Sea basin in areas related to the green and blue economy, environmental protection, territorial development, implementation of research, as well as the introduction and application of innovative technology.
06/20/2024Armenia to purchase $490 million worth of domestic munitions
... Hakob Arshakyan said on Wednesday. “Armenia was only spending about several billion AMD on domestic weapons each year prior to 2018,” he said, reporting on the 2023 state budget. Arshakyan noted that such progress has been achieved thanks to the government that sponsors defense research.
06/12/2024Dairy products plant with a capacity of 150,000 litres per day opens in Yerevan
... Yeremyan Projects Company was put into operation in Yerevan today. Prime Minister Nikol Pashinyan attended the opening, the government press service reported. YEREVAN, 24 May. /ARKA/. A modern dairy plant of Yeremyan Projects Company was put into ... ... warehouses, 1,000 square metres of refrigerated warehouses, 6,000 square metres of milk production workshop, laboratories and a research centre. The milk processing capacity is 150 thousand litres per day. The plant will increase production capacity, create ...
05/24/2024Armenia strives to become one of the leading countries in space research - minister
Armenia aspires to become a country with advanced space research, according to High Technologies Industry Minister Mkhitar Hayrapetyan. YEREVAN, April 17. /ARKA/. Armenia aspires ... ... Hayrapetyan said. He pointed out that Armsat1 is part of a chain of actions in the field of space research. "The Armenian government announced last year that it also plans to acquire the second and third satellites in the coming years as part of its ...
04/17/2024Armenian PM to pay official visit to Kazakhstan, leaders of two countries sign joint statement
... establishing peace and stability in the South Caucasus, including noting the "Crossroads of Peace" concept initiated by the Government of the Republic of Armenia, which is aimed at mutually beneficial transport cooperation of all countries of the region.... ... science, education, healthcare, support the establishment of direct connections between culture and art organizations and figures, research centers, educational institutions, mass media, Hold Armenia Days in the Republic of Kazakhstan in 2024, and Kazakhstan ...
04/15/2024Armenia urges Russian Federation to invest in five enterprises handed over in exchange for debt in 2002
The issue of the Mars plant in Armenia (handed to Russia in 2022) was discussed with the head of the Russian government, Armenian Prime Minister Nikol Pashinyan said in parliament on Wednesday. YEREVAN, April 10. /ARKA/. The issue ... ... Armenia's $93 million state debt to Russia was signed in 2002. These enterprises are Mars CJSC (valued at $56.29 million), Yerevan Research Institute of Mathematical Machines CJSC ($2.75 million), Yerevan Research Institute of Automated Control Systems CJSC ...
04/10/2024Armenia is looking into options for construction of new NPP with 1000 MW capacity- Director General
... modern, safe and price-competitive nuclear power plant in the future. "This is a large-scale project, which requires serious research both in terms of power capacity, safety requirements, and terrain. Work is underway, at the moment documentation has ... ... town of Metsamor, about 30 kilometers west of Yerevan. It accounts for about 40% of the country's electricity generation. The government has already extended the facility's lifespan by ten years until 2026 after a major modernization and technical upgrade....
03/26/2024Re-extension of Armenian NPP operation term will last until 2026 - NPP General Director
... 25-26). He said the program is expected to be accomplished until 2026. Martirosyan noted that in December 2023, the Armenian government allocated $65 million for these purposes, and an agreement was signed between the ANPP and Rusatom-Service JSC, a subsidiary ... ... re-prolongation program is a joint Russian-Armenian project. Salkov confirmed that Armenian and Russian partner companies and research institutes will be involved in the project. The Armenian nuclear power plant, the only one in the South Caucasus region,...
03/26/2024Doing Digital Forum Returns Featuring Brett King as Keynote Speaker
... recognized expert in fintech and digital transformation. DDF23 hosted over 20 leading speakers, including representatives from the RA Government and Central Bank, and various local and international entities. With more than 1000 attendees from Armenia and over ... ... registration, collaboration and more information please visit: doingdigital.am *** SPRING PR SPRING PR is an award-winning PR and research company founded in 2009 specializing in strategic communications, reputation management, events organization, and research....
03/05/2024Armenia launches new seismic network and computing center to process data from around the world
... and Azerbaijan are also involved in the international project. The total budget of the program is $4.3 million and Armenia's funding is about $786,800, of which about $586,200 has already been spent on the purchase of equipment. "The main activity ... ... probabilistic seismic hazard assessment and seismic zoning of the territory of Armenia. These maps were officially approved by the government in 2021. We also use these data for scientific research in the field of seismic tomography, for assessing the potential of geothermal energy in Armenia," he said. Meliksetyan ...
02/21/2024Armenia to maintain one of the highest economic growth rates in CIS region at 6.5% in 2024 - Renaissance Capital
... Russia) and strong domestic activity while maintaining a decent mix of monetary and fiscal policies," Renaissance Capital's research says. It notes that economic activity, reflecting the dynamics of major industries, increased by 9.4% y/y in 2023. High ... ... stabilized at a high level (more than double the 2021 level), although below last year's peaks," analysts note. The Armenian government's forecast for economic growth in 2024 is 7%. According to the Central Bank's forecast, growth will be 6.1%. The IMF ...
02/07/2024IT companies and banks can provide Armenia with taxes in case of country's security problems - expert
"Armenia’s IT sector should be viewed as a strategically important industry for the country and the government should do everything to make IT companies register more growth, including in terms of taxes paid," Armenuhi Burnazyan, executive director of the National Center for Public Policy Research, said at a press conference on Monday. YEREVAN, January 29. /ARKA/. "Armenia’s IT sector should be viewed as a strategically important industry for the country and the government should do everything to make IT companies register ...
01/29/2024Armenian government defines boundaries of Yerevan's Academic campus
... become the main site for the construction of Academic Campus. A corresponding decision was made at the session of the Armenian government on Thursday. YEREVAN, January 4. /ARKA/. Yerevan's 17th quarter will become the main site for the construction ... ... government, in particular, approved the boundaries of the future Academic Campus that will house state-run universities and research institutes. A plot of land was chosen for the campus on the northwestern outskirts of Yerevan - on the edge of Silikyan ...
01/04/2024Rostelecom Armenia launched a number of innovative services in 2023
... server cabinets and the latest cloud technologies, which will provide secure data processing and storage for businesses and government agencies, thus contributing to the development of Armenia's digital future. Given its strategic importance for the ... ... Participation in this initiative is annual due to its importance. Rostelecom took part in the programs of "GENESIS ARMENIA" Research Analytical Center-Foundation and "ReArmenia" NGO, providing support to the compatriots displaced from Artsakh ...
12/25/2023Top 7 movies every potential investor should watch
... homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise ... ... Director: Choi Kook-hee Starring Kim Hye-soo, Yoo Ah-in, , Heo Joon-ho, Jo Woo-jin and Vincent Cassel In 1997, the South Korean government was confident that the economy was booming and the country was poised for stable prosperity. But the head of the Bank ...
12/19/2023Armenia and EU discuss need to create institute of strategic communications using the best European experience
... discussing the need for creating and establishing an institute of strategic communications. The issue was discussed today by the Chief of Staff of the Prime Minister Arayik Harutyunyan and Ambassador Vasilis Maragos, Head of the EU Delegation to Armenia, the government press service reported. It said the interlocutors discussed in this context the possibilities and mechanisms of research and implementation of the best experience of the European Union. Presenting the Crossroads of Peace project, designed by the government of Armenia to resume transport links in the South Caucasus Harutyunyan noted that the Armenian government ...
12/06/2023Daily Mail: Armenia intends to raise trade turnover with Great Britain up to 1 billion pounds
... Last year, trade between the two countries amounted to £92m, up 156 per cent year-on-year. Kerobyan told the Mail that the government is aiming to increase this to around £1bn within the next three years, ideally with the help of investment from Western ... ... Yerevan. Its status as a tech hub dates back to the USSR, when as one of its constituent republics it served as a centre for research. It has previously been dubbed the 'Silicon Valley of the Soviet Union.' Armenia is now looking to regain that crown,...
10/30/2023EDB and Russian-Armenian University launch PPP research and training programme
The Eurasian Development Bank (EDB) and Russian-Armenian University (RAU) are launching collaborative research and training programmes focusing on public-private partnerships (PPP). YEREVAN, October 27. /ARKA/. The Eurasian ... ... Development Bank – the Big Almaty Ring Road. We are committed to sharing this expertise and conducted several workshops for government officials and businesses in the Kyrgyz Republic and Tajikistan. The new phase is our collaboration with RAU, which ...
10/27/2023Opening of Armenian-Turkish border can change Armenia's foreign trade structure-Berlin Economics study
... recognize the Armenian genocide, committed during 1915-1923 when an estimated 1.5 million Armenians were massacred by the Ottoman government. The overwhelming majority of historians widely view the event as genocide. In 2020, Turkey strongly backed Azerbaijan ... ... "era of peace» through normalization of relations with Turkey and Azerbaijan. About Berlin Economics Berlin Economics is a research company specializing in providing advisory services to governments for over 15 years. The company aims to promote stability ...
09/14/2023IMF: boosting diversification and improving economic complexity and sophistication of products and services important for Armenia
... set of structural reforms, such as improving the quality of infrastructure, including transport networks and telecommunications, reducing nontariff barriers including documentary and border costs, investing in health, and strengthening education and research. Azour said that in his meetings with Armenia's policymakers during his recent visit, the latter widely acknowledged the need to facilitate export-led and knowledge-based growth in Armenia. 'This is one of the objectives of the Government’s 2021-26 program. It is not as much about investing in specific sectors as it is about developing a strategic approach to help Armenia’s economy to pivot towards external demand,' he said. -0-
09/08/2023IMF to revise forecasts on Armenia's economic growth and expects inflation to stabilize at around 4%
... widely acknowledged the need to facilitate export-led and knowledge-based growth in Armenia. This is one of the objectives of the Government’s 2021-26 program. It is not as much about investing in specific sectors as it is about developing a strategic approach ... ... telecommunications, reducing nontariff barriers including documentary and border costs, investing in health, and strengthening education and research. ARKA- In June, the IMF expected that inflation in Armenia would stabilize at the level of the Central Bank's target ...
09/07/2023Armenian venture capital community and banks have a good understanding of what the cryptocurrency industry is all about, says Binance CIS regional director
... ‘bullish’ cycle. The question is when it will come. We are already seeing positive trends for this. At the end of July, our Binance Research division released an extensive report on the market. In particular, on how BTC dominance is growing, how ETH is regaining ... ... preparing bills that will regulate the cryptosphere. This implies the transfer of some customer data to law enforcement and government agencies. Doesn't this contradict the very idea of the crypto industry? Vladimir Smerkis -First of all, I would like ...
09/07/2023Armenian government approves for signing agreement on military and technical cooperation with Greece
The Armenian government has approved today for signing an agreement on military and technical cooperation with the Greek government. YEREVAN,... ... Greece gave its consent. The provisions of the agreement define the areas of cooperation between the parties such as promotion of research on new technologies and military products in order to enhance defense capabilities. The agreement also calls for technical ...
08/31/2023Armenian government allocates 2.5 billion drams for five-year program of pharmaceutics development
The Armenian government has approved today the release of f AMD 2.5bln to support a five-year program designed to develop pharmaceutical industry.... ... aimed at increasing the production volume, presence in the domestic market, creation of local raw materials base, promotion of research. As a result, the production of the sector is expected to reach 40 billion drams by 2027, up from 10 billion in 2022....
05/25/2023Academic Campus in Armenia to start with construction of arts cluster
... Education, Science, Culture and Sports Zhanna Andreasyan said on Wednesday. She said a team of German architects who visited Armenia and the site of the future campus made a proposal regarding the timing of the master plan based on their preliminary research. Speaking at a government Q&A session in parliament the minister noted that the construction will be in phases. "At the moment we are discussing the proposal. The Academic Campus Foundation has been established for implementing the project. A Board of Trustees ...
05/24/2023Academic Campus Foundation established under Armenian government
The Armenian government has approved today the establishment of a foundation that will supervise and manage the construction of the Academic ... ... military and possibly international universities. In addition to universities, the campus will also have residential areas, research centers, sports infrastructure, a park, and an amphitheater. The Academic Campus is likely to accommodate also a national ...
04/21/2023Armenian authorities ready to cooperate with Philip Morris International in science
The Armenian government is ready to discuss with Philip Morris International (PMI) future programs and initiatives for cooperation in scientific research projects, Prime Minister Nikol Pashinyan said on Tuesday at a meeting with PMI Senior Vice President Gregoire Verdeaux. YEREVAN, April 18. /ARKA/. The Armenian government is ready to discuss with Philip Morris International (PMI) future programs ...
04/18/2023Crypto Myths: Part 1: Misconceptions About the Nature of Crypto
... identify and dispel some of the most common false beliefs related to digital assets. For both digital currencies and traditional government-backed fiat currencies, value comes from mass acceptance and adoption. In the case of crypto, both are on the rise.... ... ecosystem is flawless. It is a fast-moving space that constantly challenges newcomers to exercise critical thinking and do their own research. However, to yield optimal results, this research should be based on a sound understanding of the fundamentals rather ...
04/12/2023Minister says roadmap for creating Academic Campus ready
... possibly international universities. In addition to universities, the campus will also have residential areas, research centers, sports infrastructure, a park, and an amphitheater. In September last year, Prime Minister Nikol Pashinyan said that the government intended to consolidate and integrate higher educational institutions and scientific research centers. He said there would be no more than eight state-run universities with full state funding, which would l be brought in line with state standards, starting from physical, educational, research, training, housing infrastructures to international educational programs and qualified and properly paid professors and lecturers. -0-.
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