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In June, 12-month inflation in Armenia amounted to 3.9%, while prices fell by 1.3% over the month
... June, and by 0.8% over the month. The growth of prices in the healthcare sector in June over the year amounted to 3.6% (growth over the month by 0.2%), in the transport sector growth of 6% was recorded (growth over the month by 3%), the decline in the communications sector amounted to 0.5% (growth over the month by 0.1%), in the recreation and culture sector - growth of 1.% (growth over the month by 0.4%), education - 7.8% (0%), in the restaurant and hotel sectors - 2.3% (growth over the month by 0....
07/03/2025It is important for Armenia to diversify its economy and not depend on unfriendly countries - Kallas
... examples, it becomes clear that keeping all your eggs in one basket is quite dangerous,” Kallas noted. In this regard, the head of European diplomacy pointed to the need to diversify the economy. “We are interested in the issue of developing regional communications and are striving to expand Armenia’s capabilities so that you are not forced to completely depend only on Russia. Of course, if you want to, then the choice is yours, but we have seen how economic dependence can be used against you, you ...
07/02/2025A new requirement for irregular passenger transportation between Armenia and Georgia has come into force
... the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia, from July 1, 2025, in accordance with paragraph 2 of Article 4 of the Agreement between the Governments of Armenia and Georgia "On International Automobile Communications", irregular passenger transportation between the two countries in both directions must be carried out with a control document (list of passengers). This document must be completed electronically, and its printed paper copy must be ...
07/01/2025Turkey considers Armenia's approach to opening communications in the South Caucasus constructive – Deputy Minister
Armenia's position on unblocking regional communications in the South Caucasus is viewed constructively by Turkey, said Armenian Deputy Foreign Minister Vahan Kostanyan. YEREVAN, June 26. /ARKA/. Armenia's position on unblocking regional communications in the South Caucasus is viewed constructively ...
06/26/2025Unblocking the region will reduce Armenia's energy risks by 40% - Deputy Prime Minister
... Minister Mher Grigoryan. YEREVAN, June 24. /ARKA/. From the point of view of ensuring Armenia's energy security, unblocking communications in the region is of paramount importance, said Deputy Prime Minister Mher Grigoryan. “When talking about energy ... ... of nuclear power plants in conditions of low consumption and closed borders also creates problems in terms of both cost and safety. “The cost is very good, but connecting and disconnecting nuclear power plants inherently requires significant resources ...
06/24/2025Unblocking communications in South Caucasus should be resolved peacefully, says Russian Foreign Ministry spokesperson
The process of unblocking transport communications in the South Caucasus must proceed exclusively through peaceful means, said Russian Foreign Ministry spokesperson Maria Zakharova, commenting on the risks of a possible escalation in Armenia's Syunik region (bordering Iran and Azerbaijan) ...
06/19/2025Kopyrkin confirmed Russia's readiness to facilitate settlement between Yerevan and Baku
..., to the cause of normalization," Kopyrkin said, answering the question of whether Moscow continues to be a mediator between Yerevan and Baku. According to him, it is in Russia's vital interests to normalize the situation in the region and open communications so that the region is stable, peaceful, and has a secure future.
06/13/2025Armenia will control cargo passing through the territory of the Republic of Armenia from Azerbaijan - head of the State Revenue Committee
... as tools that will allow us to adapt to any scenario and carry out customs activities," Hakobyan told reporters on Monday. Earlier, a special unit was created within the National Security Service of Armenia, which will be engaged in ensuring the safety of the passage of goods, vehicles, and people along international communications passing through Armenia. On the peace process between Armenia and Azerbaijan On March 13, the Armenian Foreign Ministry confirmed the fact of agreeing on the draft Treaty "On the Establishment of Peace and Interstate Relations between ...
06/09/2025In May, 12-month inflation in Armenia amounted to 4.3%, while prices rose by 0.3% over the month
... and by 0.7% over the month. In May, the growth of prices in the healthcare sector over the year amounted to 3.4% (growth over the month by 0.3%), in the transport sector, growth of 4.2% was recorded (growth over the month by 0.1%), the decline in the communications sector amounted to 0.6% (growth over the month - 0%), in the recreation and culture sector - growth of 0.6% (growth over the month by 1.7%), education - 7.8% (0%), in the restaurant and hotel sectors - 2.4% (growth over the month by 1.4%),...
06/04/2025Armenian Parliament Ratifies Agreement on Investment Grant for Yerevan II Energy Efficiency Program in the Amount of €10.1 Million
... Policy and other bilateral agreements with the EU. Over the past decade, the Bank has financed a range of projects, from infrastructure and small businesses to water supply and wastewater treatment. The EIB also finances the construction of cross-border communications to improve road safety and resilience.-0-
05/29/2025EDB names main drivers of Armenia's economic growth in Q1
... The largest contribution to Armenia's GDP growth in Q1 2025 was made by the services sector. This is stated in the weekly macro review of the Eurasian Development Bank. Armenia's GDP grew by 5.2% in Q1 2025. "Financial activities, information and communications, real estate transactions, as well as construction (increased by 27.5%, 16.2%, 7.2% and 14% y/y, respectively). Household consumer spending and investment were the main drivers on the demand side (growth by 15.3% and 25.3% y/y, respectively),...
05/26/2025Russia is ready to help resolve all issues for signing a peace treaty between Armenia and Azerbaijan
... that now need to be resolved for the full signing of this document," Lavrov said at an extended meeting between the two delegations in Yerevan on Wednesday. According to him, "you can always count on us in unblocking transport and economic communications, in delimiting the Armenian-Azerbaijani border and in resolving all humanitarian issues arising in this regard, taking into account the interests of each of the parties." On the peace process between Armenia and Azerbaijan. On March ...
05/21/2025Armenia surpasses some European countries in terms of service level – international coach
... ideas. In this part of the program, we work with the back office, employees who do not work directly with clients, but help those who do, to provide high-quality service," Korobkina said, expressing approval of the employees' interest in improving communications with the front office to provide a high level of service. According to her, the program emphasizes that the task of banking service is not just to do the job, but to make the client happy and improve their day. She admitted that changing ...
05/12/2025Armenian Parliament Ratifies Agreement on Automobile Freight Transportation with Kazakhstan
On Monday, the National Assembly of Armenia ratified the protocol on amendments and additions to the Armenian-Kazakh Agreement "On Automobile Communications", signed on November 6, 2006. YEREVAN, May 12. /ARKA/. On Monday, the National Assembly of Armenia ratified the protocol on amendments and additions to the Armenian-Kazakh Agreement "On Automobile Communications", signed ...
05/12/2025New FEZ to be created in Myler ski resort in Armenia
... sustainable socio-economic development. The investor is making large-scale investments in the FEZ to build a cable car and ski slopes, as well as an artificial snowmaking system, a skating rink, hotels, a restaurant, other entertainment centers, internal communications and FEZ infrastructure. Earlier it was reported that about 100 billion drams are planned to be invested in the Myler Mountain Resort ski resort in Yegiptatrush. As of January 2025, about 27 billion drams have already been invested in the ...
05/08/2025Armenia to receive up to 236 million euros from EIB for construction of Sisian-Kajaran highway
... other bilateral agreements with the EU. Over the past decade, the Bank has financed a range of projects: from infrastructure and small businesses to water supply and wastewater treatment services. The EIB also finances the construction of cross-border communications to improve the safety and sustainability of roads. -0-
04/25/2025Acba Leasing portfolio and programs exceed 120 billion drams – exclusive offers of the company at Leasing Expo 2025
... leasing portfolio in Armenia, and its presence is crucial for us as organizers. You can see the scale of their pavilion and the powerful offers they brought it has truly elevated the level of the exhibition,” said Diana Aroyan, Head of Marketing and Communications at Big Projects. Over the past five years, Acba Leasing has become a real driving force in Armenia's economy, allocating around 220 billion drams toward the sustainable development of small, medium, and large businesses. Acba Bank is the ...
04/21/2025Foreign Minister: "It feels like Azerbaijan simply doesn't want peace with Armenia"
... and so on. When we manage to clarify the real intentions of Azerbaijan, we will most likely be able to find answers to all the other questions,” Mirzoyan believes. He recalled that Armenia presented Azerbaijan with a number of proposals on resuming communications, strengthening mutual trust, including mutual verification and arms control. “These were reasonable and realistic proposals. “However, unfortunately, we did not receive any constructive response,” Mirzoyan stated.
04/17/2025Azerbaijan has not responded to Armenia's proposal to unblock communications - Pashinyan
Armenia presented its position on unblocking regional communications within the framework of the "Crossroads of Peace" project a long time ago and in written form, Prime Minister Nikol Pashinyan told journalists on Wednesday. YEREVAN, April 16. /ARKA/. Armenia presented its position on unblocking ...
04/16/2025Mirzoyan: Armenia is concerned about elements of extraterritorial control in Azerbaijan’s approach to unblocking communications in region
... beginning with the first phase — cargo transportation by rail. If this phase is successful, it can be followed by passenger transport and other forms of transit,” he added. The Foreign Minister expressed confidence that the unblocking of regional communications would lead to the full restoration of regional connectivity, including the resumption of railway links between Armenia and Turkey. “We are genuinely interested in this issue. From our perspective, this project could fundamentally reshape ...
04/15/2025Mirzoyan and Grono emphasize Armenian-Azerbaijani peace treaty
... normalization of relations with Azerbaijan, Mirzoyan stressed the importance of signing an agreement on peace and establishment of interstate relations agreed upon as a result of long negotiations. The sides also touched upon the unblocking of regional communications as a component of the settlement, in the context of which Mirzoyan referred to Armenia's concrete proposals based on the fundamental principles of international law. Mirzoyan and Grono also discussed the solution of humanitarian issues,...
04/03/2025In Armenia, 12-month inflation in March amounted to 3.3%, prices rose by 0.5% over the month
....5% in March, and by 0.1% month-over-month. Price growth in the healthcare sector in March was 3.5% year-over-year (with a 0.5% increase over the month), in the transportation sector, growth was 3.7% (with a 1.1% increase over the month), and in the communications sector, growth was 0.2% (a decline of 0.1% month-over-month). The recreation and culture sector saw a growth of 1.4% (with a 0.9% increase for the month), while the education sector grew by 7.8% (with no change from the previous month)....
04/03/2025Winner of “My Ameria, My Home” draw highlights benefits of Ameriabank
... personal transactions. It’s fast and convenient. The staff always greets me with a smile and shows care, even if there are issues. They have a special attitude toward each client,” Sargsyan said. Armenia is our common home Ameriabank’s Marketing and Communications Director, Rebecca Hakobyan, said that Ameriabank organizes raffles and interesting campaigns for its clients year-round. “The ‘My Ameria, My Home’ raffle is symbolic for us. We wanted to tell our compatriots that we need to live, ...
03/28/2025Pashinyan says construction of road to Nrnadzor is important preparatory work for Crossroads of Peace project
... section to Nrnadzor is to be completed later this year. According to him, this project is important because part of the road leading to Nrnadzor coincides with a section of former railroad tracks. "And since we are planning to open up regional communications, this is the practical part of this work. That is, in fact, this is a preparatory work, a concrete step for the realization of our Crossroads of Peace project," Pashinyan said. As he noted, this creates an alternative road for the ...
03/27/2025Mirzoyan: It's time to sign agreement between Armenia and Azerbaijan and move towards peace
... counterpart, Murat Nurtleu. "Armenia's position is clear: recognition of the territorial integrity of both states and the implementation of the delimitation process based on the provisions of the Alma-Ata Declaration, as well as the opening of regional communications based on unconditional respect for the sovereignty and jurisdiction of each state, as well as the principles of equality and reciprocity," he said. Mirzoyan also stated that a comprehensive settlement requires resolving humanitarian ...
03/27/2025Armenia and Kazakhstan to redouble efforts to implement trade and economic cooperation roadmap – Mirzoyan
... missions organized last year," Mirzoyan said in a statement to the press. According to him, the foreign ministers emphasized the need for concerted efforts aimed at unblocking regional infrastructure and effectively utilizing transport and logistics communications. "My Kazakh colleague and I also discussed other areas of bilateral cooperation, including energy, high technology, innovative education, and decentralized cooperation," he said. According to Mirzoyan, the effective implementation ...
03/27/2025Armenia is ready to agree with Azerbaijan on the dates and place of signing the peace treaty – NA Speaker
... fully agreed on the text of the peace treaty. "We welcome this progress and believe that peaceful coexistence and regional cooperation are the best guarantees for security and prosperity. Our 'Crossroads of Peace' initiative aims to resume regional communications and promote economic development based on mutual respect and sovereignty," Simonyan stated. However, he noted that humanitarian issues remain unresolved. "Armenian prisoners of war and civilians in Azerbaijan are being subjected ...
03/21/2025Armenia denies Azerbaijan's false accusations of ceasefire violations - Mirzoyan
... and Armenia is prepared to sign an agreement that can serve as a crucial foundation for establishing sustainable peace in the region," Mirzoyan stated. He also highlighted other key areas such as border demarcation and the unblocking of regional communications. "Last year, we made significant progress in the demarcation process, successfully delimiting over 12 km of the border line based on the 1991 Alma-Ata Declaration. We presented Azerbaijan with concrete proposals for unblocking regional ...
03/20/2025Yerevan has no unilateral obligations regarding the opening of communications-MFA
... roads, we have the kind of roads and terrain that we have and to accuse us of being a mountainous country would be unserious, to say the least," Badalyan said. Earlier, Armenian Prime Minister Nikol Pashinyan confirmed his readiness to open all communications for Azerbaijan.
03/19/2025Expression “Zangezur Corridor” is incomprehensible and unacceptable to us, Armenian PM says
... the sovereignty and territorial integrity of Armenia,' PM Nikol Pashinyan said in an interview with Turkish mass media. He said: ' I recently published an article on this topic, the main meaning of which was that we are in favor of opening regional communications, and let me say that first of all we are interested in opening regional communications, because in fact we are the ones who are under blockade. No other country in the region is under blockade. We have 4 borders, two of which are completely ...
03/14/2025Armenia aims to establish communication with China and Central Asia through Azerbaijan – Mirzoyan
... March 6. /ARKA/. Armenia is interested in establishing transport and logistics links with Central Asian countries and China using Azerbaijani infrastructure, stated Armenian Foreign Minister Ararat Mirzoyan. "As a result of unblocking regional communications, we aim to establish links with Central Asia and China through the same Azerbaijani infrastructure. We continue discussions with our partners," Mirzoyan said, responding to questions from members of parliament. Commenting on statements ...
03/06/2025Inflation in Armenia for February: 2.5% year-on-year, 0.1% monthly increase
..., and increased by 0.9% for the month. Price growth in the healthcare sector in February year-over-year was 3.2% (with a 0.5% increase for the month), while the transport sector saw a 2.6% increase (a 1.4% decline for the month). Price growth in the communications sector was 0.4% (no change from the previous month), in recreation and culture 0.9% (a 1.6% increase for the month), and in education 7.8% (no change). The restaurant and hotel sectors saw a 1.3% increase (with a 0.1% rise for the month),...
03/05/2025Pashinyan clarifies reasons behind delay in signing peace treaty with Azerbaijan
... and we continue to work on this," he said. On February 25 of this year, Armenia received Azerbaijan's response regarding the peace treaty. According to Foreign Ministry spokesperson Ani Badalyan, proposals in other areas — such as unblocking communications and establishing a mechanism for mutual control and verification of weapons — remain unanswered. Armenian Foreign Minister Ararat Mirzoyan stated in early December of last year that Armenia and Azerbaijan had made significant progress ...
03/05/2025Armenian PM confirms Yerevan's readiness to open all communication roads for Azerbaijan
... and passengers can enter the territory of Armenia and move to its exclave Nakhichevan and Turkey. * Armenia will ensure the safety of these cargo transportation. In order to avoid psychological difficulties of Azerbaijani drivers, these cargo transportations ... ... country. * Armenia has never agreed to limit its sovereignty, jurisdiction or territorial integrity, including with regard to communications from western Azerbaijan to the Nakhichevan Autonomous Republic through RA territory. * Armenia is ready to provide ...
03/04/2025Armenia analyzes 12th version of peace treaty received from Azerbaijan - Pashinyan
... “When we receive an official response, after that, in all likelihood, we will be able to reveal to the public, to the media the essence of our proposals ... I repeat, this is not just a proposal, but a solution to the issue. The task is to open the communications of the region, and the formula we propose solves all the issues that have been raised in the negotiations since 2021,” the Armenian Prime Minister said. He emphasized that the Republic of Armenia “has never and nowhere, in any document,...
02/27/2025Ameriabank summarizes results of “My Armenia, My Future” student contest
... laboratory to increase the efficiency of cultivation of certain crops and, as a result, the development of agriculture. The jury included independent experts from various fields, as well as representatives of VISA and Ameriabank. Ameriabank Marketing and Communications Director Rebeka Hakobyan said that the idea of providing student scholarships was based on the desire to find initiative young people in Armenia who want to move forward and encourage those who make efforts to gain knowledge and demonstrate ...
02/26/2025Armenia's GDP grew by 5.9% in 2024, amounting to about 10.1 trillion drams - official statistics
... and technical activities (17.2%). The highest growth rates were recorded in the following industries: wholesale and retail trade, car and motorcycle repair (16.8%), culture, entertainment, and recreation (16%), construction (13.5%), information and communications (11.9%), and the supply of electricity, gas, steam, and high-quality air (10.9%). Other areas that showed growth in 2024 compared to 2023 include accommodation and catering services (8.7%), water supply and sanitation, waste management,...
02/20/2025Work of trilateral group on unblocking communications 'frozen' due to Armenia's position - Russian Foreign Ministry
Russian Foreign Ministry spokeswoman Maria Zakharova again blamed Armenia for ‘freezing’ the work of an Armenian-Azerbaijani-Russian group that was set up to address the reopening of roads between Armenia and Azerbaijan. YEREVAN, February 14. /ARKA/. Russian Foreign Ministry spokeswoman Maria Zakharova again blamed Armenia for ‘freezing’ the work of an Armenian-Azerbaijani-Russian group that was set up to address the reopening of roads between Armenia and Azerbaijan. 'Work in the trilateral group...
02/14/2025Armenian PM and European Council President discuss Armenia-EU partnership
... fields. Costa welcomed the steps and initiatives of the Armenian government directed towards peace in the region. The sides discussed also some issues related to the peace process between Armenia and Azerbaijan, possibilities of unblocking the regional communications, the project of the Armenian Government Crossroads of Peace.-0-
02/14/2025Armenia insists on control over all cargo on its territory, including Azerbaijani
... event of its possible transportation through the country's territory. The head of the committee emphasized that this is a mandatory measure for all countries in similar situations. The Armenian authorities have repeatedly stated their readiness to open communications, provided that the sovereignty and jurisdiction of the countries through whose territory they pass are preserved. Yerevan categorically rejects the extraterritorial, so-called "Zangezur corridor" or a similar scheme promoted by ...
02/13/2025Armenian and French leaders discuss programs in the areas of economy and road construction
... implementation of joint programs in the fields of economy, infrastructure, road construction, energy, education, tourism and others. The process of peaceful settlement between Armenia and Azerbaijan, border demarcation, as well as the unblocking of regional communications within the framework of the “Crossroads of Peace” project were mentioned. Pashinyan emphasized the Armenian government's commitment to the peace agenda. A number of other issues of regional importance were also discussed. The sides ...
02/11/2025Armenian-Azerbaijani –Russian group on unblocking communications 'frozen'- Galuzin
'The activity of the trilateral group headed by the deputy prime ministers of Armenia, Azerbaijan and Russia on unblocking transportation communications and resumption of economic ties between Armenia and Azerbaijan is interrupted and 'frozen', if one can put it that way,” Russian Deputy Foreign Minister Mikhail Galuzin said in an interview with Russian daily 'Izvestia'. YEREVAN,...
02/10/2025Armenia recorded 12-month inflation of 1.7% in January 2024
... last year, and by 0.5% over the month. The growth in prices in the healthcare sector in January was 3.2% (with a 0.2% increase over the month), and in the transport sector, the growth was 3.2% (with a 1.4% increase over the month). The growth in the communications sector was 0.4% (with no change over the month). In the recreation and culture sector, prices decreased by 0.2% compared to January, but increased by 0.4% over the month. The education sector prices grew by 7.8% (with no change over the ...
02/07/2025PM: Armenia cannot imagine why its proposal to Azerbaijan to establish rail link with Nakhichevan via Meghri could be rejected
Armenian Prime Minister Nikol Pashinyan stated at a press conference that Armenia, as part of the process of unblocking regional communications, has proposed establishing a railway connection between the western regions of Azerbaijan and Nakhichevan for cargo transportation via Armenia's Meghri. YEREVAN, January 31. /ARKA/. Armenian Prime Minister Nikol Pashinyan stated at a ...
01/31/2025Armenia promotes unblocking transport links for benefit of Azerbaijan and Georgia - Mirzoyan
... approach is outlined in the "Crossroads of Peace" project, which includes simplified procedures that could be implemented, enabling both Armenia and Azerbaijan to benefit. About the "Crossroads of Peace" Project The Armenian regional communications project, "Crossroads of Peace," was presented by Armenian Prime Minister Nikol Pashinyan at the Silk Road Forum in Tbilisi in November 2023. The main idea behind the project is to launch and develop transport communications between ...
01/30/2025Armenia ready to finalize settlement process with Azerbaijan - Foreign Minister
... Azerbaijan, stated Armenian Foreign Minister Ararat Mirzoyan. “The position of the Armenian government remains unchanged – we are committed and consistent in pursuing the peace agenda. This includes both the peace treaty and the unblocking of transport communications, as well as the delimitation of the Armenian-Azerbaijani border,” Mirzoyan said at a joint press conference with his Georgian counterpart, Maka Bochorishvili, in Yerevan on Thursday.
01/30/2025NA Investigative Commission to release report on 44-day war this spring – Commission Head
... Karabakh and along the Lachin corridor. On January 11, 2021, the Presidents of Russia and Azerbaijan, Vladimir Putin and Ilham Aliyev, and Armenian Prime Minister Nikol Pashinyan signed a joint statement aimed at developing the region and unblocking communications.
01/29/2025Inflation of 1.5% registered in Armenia in December, 1% for the month
... with no change from November. The healthcare sector saw a price increase of 3.2% year-on-year (a 0.6% increase compared to November), while the transport sector saw a price increase of 3.3% year-on-year (with a 0.6% decrease compared to November). The communications sector saw a 0.4% increase year-on-year (with no change compared to November). Prices in the recreation and culture sector increased by 0.4% year-on-year (with a 0.8% increase compared to November), while education prices increased by 7....
01/10/2025Pashinyan: Armenia will agree to dissolution of OSCE Minsk Group as part of its proposals to Azerbaijan
... and the regulations for the joint work of the demarcation commissions of both countries Signing a peace treaty, which is 90% ready Implementation of the "Crossroads of Peace" project, including resolving the issue of Azerbaijan-Azerbaijan communications through Armenia and Armenia-Armenia communications through Azerbaijan, in line with proposals Armenia submitted to Azerbaijan after the Kazan meeting Introduction of a joint mechanism for investigating ceasefire violations Complete resolution ...
01/09/2025Armenian PM comments on Aliyev's threats: Baku is trying to "legitimize" the escalation
... "Zangezur Corridor," he stated that Armenia has proposed the "Crossroads of Peace" project and is preparing to implement it. "There is no other project on our agenda. “Crossroads of Peace” involves the opening of all transport communications in the region, including Azerbaijan-Azerbaijan through Armenia and Armenia-Armenia through Azerbaijan. I have already stated that we have made a very specific proposal to Azerbaijan to open the Yeraskh-Sadarak-Ordubad-Meghri-Zangelan railway....
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