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Central Bank assessed impact of escalation in Middle East on inflation in Armenia
... Armenia has attempted to estimate this impact. According to our estimates, the impact could be around 1.2-1.7%. The main factors are rising oil prices, increased import costs due to the use of alternative logistics routes, and the possible substitution of food products imported from Iran. This is a risk zone: we are not claiming that such a scenario will necessarily materialize," Galstyan said. According to him, the Board of the Central Bank has considered several channels of influence of the conflict,...
03/17/2026Economic activity in Armenia in January was in line with the same level a year earlier – WB
... yoy), mostly driven by growth in mining activities (25.2 percent) and electricity and energy production (17 percent, yoy)”, - the study notes. Manufacturing growth in January was modest at 4.3 percent (yoy) with major manufacturing products, such as food and base metals having a flat and 2.2 percent growth, respectively. Growth in non-trade services and retail stood at 7.4 and 7.9 percent (yoy), respectively. WB analysts also point out that the number of registered businesses fell by 13.8 percent ...
03/17/2026Guesthouse "Bees and Beekeeping" in Lori Province
... pollute the environment, according to the ACBA Bank press service. "By building the guesthouse, we aimed not only to develop the local community but also to stimulate tourism and the local community. "We've created a cozy retreat where the food is organic, prepared from local, natural ingredients. It was important to us that the guesthouse's operations align with the principles of organic agriculture, so we began implementing green solutions, from installing solar panels and achieving self-sufficiency ...
03/12/202619 Russian Companies Seek Partners in Armenia as “Made in Russia” Business Mission Takes Place in Yerevan
A business mission of 19 Russian companies—manufacturers of food, cosmetics, and household chemicals is taking place in Yerevan from March 11–12 as part of the "Made in Russia" program, organized by the Russian Export Center (REC). YEREVAN, March 11. /ARKA/. A business mission of 19 Russian companies—manufacturers ...
03/11/2026Manufacturing production in Armenia increased by 4.3% in January 2026, reaching 129.8 billion drams
.... /ARKA/. Manufacturing production in January 2026 amounted to 129,775.9 million drams, an increase of 4.3% compared to January 2025 and a decrease of 69.3% compared to December 2025. This is evidenced by data published by the Statistical Committee. Food production accounted for the largest share of the overall industry structure in January, accounting for 27%. This segment showed a 0.2% increase compared to January of the previous year, producing 35 million drams worth of products. The top five ...
03/09/2026Armenia's foreign trade turnover decreased by 12% in January 2026, amounting to $1.28 billion: Russia leads, with China and the UAE in the top three
... $108,449.7 thousand, a 43% increase • precious and semi-precious stones, precious metals, and articles thereof – $96 • 588.5 thousand, a 45.1% decrease • machinery, equipment, and mechanisms – $91,578.3 thousand, a 10% increase • finished food products – $75,615.8 thousand, a 16% decrease • base metals and articles thereof – $24,080.2 thousand, a 2-fold increase • textiles and articles thereof – $18,045.2 thousand, a 13.5% decrease • plant products – $10,921.2 thousand, a ...
03/05/2026Gasoline prices in Armenia fell by 8.2% in February, while diesel fuel prices fell by 6.2%
... At the same time, liquid hydrocarbon prices (butane, propane, etc.) increased by 48.3% in February of this year compared to February of last year, and fell by 7.8% compared to January of this year. Overall, according to statistics, prices on the non-food market in February 2026 increased by 0.9% compared to February 2025, and decreased by 0.2% compared to January of this year.
03/05/2026Food prices in Armenia increased by 6.5% year-on-year and 1% month-on-month in February
Food and non-alcoholic beverage prices in February 2026 increased by 6.5% compared to February 2025, and by 1.0% compared to January 2026, according to a report by the Statistical Committee. YEREVAN, March 4. /ARKA/. Food and non-alcoholic beverage prices ...
03/04/2026Inflation in Armenia Stands at 4.3% in February
... March 4. /ARKA/. In February 2026, compared to February 2025, inflation in Armenia was 4.3%, and compared to January 2026, it was 0.5%. This is according to a report from the Statistical Committee. In February 2026, compared to February 2025, prices for food products and non-alcoholic beverages increased by 6.5%, and by 1.0% over the month. In February, prices for alcoholic and tobacco products increased by 10.3% year-over-year, and by 1.7% compared to January of this year. Clothing and footwear prices ...
03/04/2026"Made in Russia" business mission will take place in Yerevan: 19 companies will present food products, cosmetics, and household chemicals
As part of the "Made in Russia" program, a business mission of Russian companies producing food products, cosmetics, and household chemicals will take place in Yerevan on March 11-12. YEREVAN, March 4. /ARKA/. As part of the "Made in Russia" program, a business mission of Russian companies producing food products, cosmetics, and ...
03/04/2026One of the "Karas chain" restaurants in central Yerevan has been temporarily closed due to unsanitary conditions.
"Karas" chain restaurant in central Yerevan has been temporarily closed due to unsanitary conditions, the press service of the Food Safety Inspectorate of Armenia reported. YEREVAN, February 2. /ARKA/. "Karas" chain restaurant in central Yerevan has been temporarily closed due to unsanitary conditions, the press service of the Food Safety Inspectorate of Armenia reported....
03/02/2026Armenia will present a national pavilion at "SIAL 2026" exhibition in Paris
Armenia will participate in the international food and beverage exhibition SIAL 2026 with a national pavilion. YEREVAN, February 25. /ARKA/. Armenia will participate in the international food and beverage exhibition "SIAL 2026" with a national pavilion. The event will be held October 17-21 ...
02/25/2026Armenia-Azerbaijan trade potential estimated at hundreds of millions of dollars – Papoyan
... February, Babken Tunyan, Deputy Chairman of the Parliamentary Committee on Economic Affairs, did not rule out the possibility that Armenia might begin exporting goods to Azerbaijan in one or two months. He said the possibility of exporting foil and some food products is being discussed. Papoyan later stated that Armenia and Azerbaijan had exchanged lists of goods and were awaiting the reaction of the business community.
02/25/2026S&P expects inflation in Armenia to slow to an average of 3.2% in 2026
... as economic activity cools. "Following a period of low inflation, price pressures have re-intensified, and headline inflation rose to 3.8% in January 2026. This compares to 1.7% a year earlier. The acceleration in inflation is driven by rising food prices, as well as increased transportation and education costs," the agency's review states. S&P analysts note that the Central Bank of Armenia's strong focus on maintaining price stability and its improved monetary policy stance have enabled ...
02/23/2026Escherichia coli found in croissants and donuts at "Carrefour" supermarket in Yerevan
The production of two types of pastry at a Carrefour supermarket in Yerevan has been suspended due to the discovery of E. coli bacteria, the Food Safety Inspectorate of the Republic of Armenia reports. YEREVAN, February 19. /ARKA/. The production of two types of pastry at a Carrefour supermarket in Yerevan has been suspended due to the discovery of E. coli bacteria, the Food Safety Inspectorate ...
02/19/2026Japan and UNDP to allocate $5.2 million for agricultural development and support for displaced persons in Armenia
... Armenia Yutaka Aoki and UNDP Resident Representative in Armenia Natia Natsvlishvili, according to the press service of the Armenian Ministry of Economy. The three-year program, funded by the Government of Japan, aims to strengthen the resilience of food systems and expand the application of sustainable agriculture principles among vulnerable groups, including displaced persons, in the Ararat, Armavir, Aragatsotn, and Kotayk regions. Deputy Minister of Economy of the Republic of Armenia Arman Khojoyan ...
02/18/2026Armenia records annual decline in exports and imports in 2025 for the first time since 2020 – WB
... respectively), although exports of these goods in December 2025 were 50.2% lower than in December 2023, when a surge in re-exports was observed," the study says. It also notes that significant growth was recorded in such exported goods as processed food products (up 70.8%) and mining products (up 62%), increasing the share of these two goods in total exports from 21% in 2024 to 26% in 2025. According to Armstat, Armenia's foreign trade turnover in 2025 was $21.4 billion, a 29% decrease compared ...
02/17/2026A rapid response medical group will be established in Armenia
... formed using medical personnel from existing medical organizations and specialists from the Rescue Service of the Ministry of Internal Affairs. The group must be completely self-sufficient—provided with personnel, equipment, medications, machinery, food, and everything necessary for deployment both in Armenia and abroad. The document establishes the structure, composition, and equipment of the group (medicines, medical supplies and equipment, logistics), as well as the procedure for its participation ...
02/12/2026EDB expects inflation in Armenia to reach 3.3% by the end of 2026 with the refinancing rate in the 6.25-6.5% range
... to stay around 6.25–6.5%. This information is included in the EDB's weekly macroeconomic review. The bank's analysts highlight that the rise in inflation to 3.8% year-on-year in January, up from 3.3% at the end of 2025, is attributed to escalating food prices (which increased by 5.9% year-on-year, following a 4.3% year-on-year rise the previous month), influenced by global price trends. Concurrently, inflation for services and non-food items has decreased (2.9% y/y down from 3.1% y/y) and (0.9% ...
02/09/2026Gasoline prices in Armenia fell by 5.7% in January, while diesel fuel prices fell by 3.3%
... to data from the Statistical Committee (Armstat). Moreover, in January of this year, compared to December of last year, gasoline prices decreased by 4.5%, while diesel fuel prices decreased by 1.6%. Overall, according to statistics, prices in the non-food market increased by 0.9% in January 2026 compared to January 2025, and decreased by 0.1% compared to December 2025.
02/09/2026Food prices in Armenia increased by 2.5% in January
Prices for food products and non-alcoholic beverages increased by 5.9% in January 2026 compared to January 2025, and by 4.3% month-on-month, according to a report by the Statistical Committee (Armstat). YEREVAN, February 9. /ARKA/. Prices for food products and ...
02/09/2026In Armenia, 12-month inflation was 3.8% in January, with prices increasing by 2% over the month
... /ARKA/. In January 2026, inflation in Armenia stood at 3.8% when compared to January 2025, while it rose by 2% in relation to December 2025. This information comes from a report issued by the Statistical Committee of Armenia (Armstat). In January 2026, food products and non-alcoholic beverages saw a price increase of 5.9% compared to January 2025, and a 4.3% rise over the month. During January, the prices for alcoholic beverages and tobacco products increased by 9% year-on-year, and by 1.8% compared ...
02/09/2026Armenia and Azerbaijan exchanged lists of goods they are likely to trade– Papoyan
... Gabala. Recently, Babken Tunyan, deputy chairman of the parliamentary committee on economic issues, did not rule out that Armenia might begin exporting goods to Azerbaijan in one or two months. He said the possibility of exporting foil and some types of food products to Azerbaijan is being discussed.-0-
02/06/2026Armenia simplifies VAT and income tax transaction adjustments for businesses
... certain provisions related to agriculture, the dairy industry, and solar energy," Hakobyan noted. According to him, current regulations allow for transaction adjustments primarily for the return of goods with a limited shelf life, particularly in the food service industry. The bill proposes to regulate the possibility of adjusting transactions for returns across all product categories. He also stated that certain changes concern the return of goods purchased using cash register receipts and the reporting ...
02/05/2026Armenia may begin exporting to Azerbaijan in 1-2 months – MP
... initiate the export of goods to Azerbaijan within a month or two. He mentioned that there is shared interest in several product categories. "For instance, foil is under consideration, as it might be in demand there. This could also include certain food products," Tunyan informed reporters, while noting that he lacked specific details. In mid-December 2025, a train consisting of 22 cars carrying 1,218 tons of A95 gasoline arrived in Armenia from Azerbaijan via Georgia by rail. Early in January,...
02/04/2026Russia confirms its role as Armenia's key trade and investment partner – Foreign Minister
Russia is effectively confirming its role as a key and, no less importantly, reliable trade and investment partner, guarantor of Armenia's food and energy security. YEREVAN, February 3. /ARKA/. Russia is effectively confirming its role as a key and, no less importantly, reliable trade and investment partner, guarantor of Armenia's food and energy security. This was stated by Russian Foreign ...
02/03/2026Over 1,800 violations were identified in the Armenian food sector in 2025, with fines totaling 339 million drams
In 2025, 1,819 violations were identified among business entities in Armenia, which are frequently repeated and systemic, stated Tigran Petrosyan, head of the RA Food Safety Inspectorate. YEREVAN, January 30. /ARKA/. In 2025, 1,819 violations were identified among business entities in Armenia, which are frequently repeated and systemic, stated Tigran Petrosyan, head of the RA Food Safety Inspectorate. "These ...
01/30/2026Recovery of exports and imports in Armenia in November signaled normalization of trade flows – World Bank
... stones and metals, (up 30.8 percent, yoy, and 81.1 percent, yoy, respectively) though these flows remained about half of their November 2023 level, when re-exports of these items peaked. Other exports also grew: minerals (up 62.2 percent, yoy) and ready food products (up 20.8 percent, yoy), among others. This was partly offset by contractions in textile products (down 23.5 percent, yoy) and non-precious metals (down 17.6 percent, yoy). In November, excluding the trade in precious metals and stones, exports ...
01/26/2026Armenia's Ministry of Economy: The loan portfolio of agricultural support programs has reached 439 billion drams
... units of agricultural machinery have been purchased in the last 4.5 years, the Government's 2021–2026 program envisages the purchase of 250 units of agro-processing equipment annually, but 2,832 units of equipment have already been purchased. The agri-food sector lending portfolio amounted to 23.3 billion drams, and the agricultural machinery leasing program portfolio amounted to 23.3 billion drams. According to him, the process of organizing slaughterhouse slaughter and the Government's support program ...
01/20/2026EDB expects consumer price growth in Armenia to remain at 3.3% in 2026
... close to the Central Bank of Armenia's target of 3±1%. This is stated in the EDB's weekly macroeconomic review. "Inflation in Armenia amounted to 3.3% y/y at the end of 2025, after 3.1% y/y in November. A slight acceleration in December was due to food costs (4.3% y/y in December after 3.8% y/y the previous month), which is related to global price dynamics," the report states. The EDB also noted that in December, inflation in the services sector accelerated (3.1% y-o-y after 2.9% y-o-y), while ...
01/20/2026Manufacturing sector in Armenia experienced decline of 1.9% over first 11 months, totaling 1.98 trillion drams
... compared to the same period in 2024, as reported by the Statistical Committee. Additionally, the industrial output for November was recorded at 313,072.0 million drams, marking a 36.2% increase from November 2024 and a 14.4% rise from October 2025. Food production represented the largest portion of the overall structure for the first 11 months of 2025, making up 32%. This sector saw a 6.9% increase compared to the first 11 months of 2024, generating goods valued at 633,334.1 million drams. The top ...
01/15/2026Gasoline prices in Armenia fell by 0.8% in December
... the same year, whereas diesel fuel prices fell by 0.1%. Additionally, from January to December 2025, gasoline and diesel fuel prices dropped by 2.2% and 4.1% respectively, when compared to the same period in 2024. Overall, statistics indicate that non-food market prices increased by 0.9% in December of this year relative to December of the previous year, with no changes observed compared to November of the same year.-0-
01/12/2026In Armenia, 12-month inflation was 3.3% in December, with prices increasing by 1.2% over the month
... /ARKA/. In Armenia, inflation was 3.3% in December 2025 compared to December 2024, with a monthly increase of 1.2%. This is according to a report from the Statistical Committee of Armenia (Armstat). In December 2025, compared to December 2024, prices for food products and non-alcoholic beverages increased by 4.3%, with a monthly increase of 2.9%. In December, prices for alcoholic and tobacco products increased by 7.3% year-over-year, and by 0.6% compared to November of this year. In December 2024, clothing ...
01/12/2026Yerevan and Baku negotiating resumption of exports from Armenia
Yerevan and Baku are negotiating the possible export of aluminum foil, raw materials for aluminum foil production, ferromolybdenum, pet food, raw materials for production of brandy, cigarettes, and textiles from Armenia to Azerbaijan. Armenian Minister of Economy Gevorg Papoyan stated this in an interview with Factor.am. YEREVAN, January 9. /ARКА/. Yerevan and Baku are negotiating ...
01/09/2026Armenian regulator demands recall of NAN infant formula batches
... potential risk of cereulide toxin contamination. YEREVAN, January 9. /ARKA/. Nestlé has recalled several batches of infant formula worldwide due to the discovery of a potential risk of cereulide toxin contamination. At the request of the Armenian Food Safety Inspectorate, companies importing these NAN brand batches into Armenia immediately began the recall process. Although no confirmed cases of illness have been linked to this manufacturer, the recall is being carried out as a precautionary measure....
01/09/2026Sun Food Company to Invest AMD 1.95 Billion in Food Processing Production in Armenia
Sun Food LLC plans to purchase and import raw materials for the production of margarine, spreads, vegetable oil blends, mayonnaise, ketchup, condensed milk, and tomato paste in Armenia. YEREVAN, January 8. /ARKA/. Sun Food LLC plans to purchase and import ...
01/08/2026Russia again reminds Armenia of contradictions between EU and EAEU regulations
... standards. In September 2025, Russian Deputy Prime Minister Alexey Overchuk stated that Yerevan's statements about rapprochement with the EU could lead to a revision of Russia's economic policy toward Armenia, the loss of duty-free trade, rising energy and food prices, and problems in business, aviation, and logistics. Noting that this would be Armenia's choice, Overchuk stated that the consequences would be serious.-0-
12/30/2025Regulator: an attempt was made to illegally sell nearly 1,000 kg of horse meat in Armenia
Authorities in Armenia have successfully intercepted an attempt to illegally sell a significant quantity of horse meat—almost 1,000 kg, according to the Food Safety Inspectorate. YEREVAN, December 30. /ARKA/. Authorities in Armenia have successfully intercepted an attempt to illegally sell a significant quantity of horse meat—almost 1,000 kg, according to the Food Safety Inspectorate. "During inspections ...
12/30/2025Armenia is at high risk of peste des petits ruminants
The Food Safety Inspectorate has designated Armenia as a high-risk zone for the spread of peste des petits ruminants (sheep and goat plague), adding that, along with the epizootic conditions in the region, this has led to the implementation of the "Peste ...
12/26/2025Armenia imposes six-month ban on export of certain goods to non-EAEU countries
... of certain goods to non-EAEU countries. The six-month prohibition applies to the export of various agricultural products, such as wheat, millet, barley, corn, buckwheat, sunflower seeds, and sunflower oil. This decision aims to safeguard Armenia's food security and stabilize the economy. The justification for this measure indicates that domestic production of these items falls short of meeting local demand, which is largely satisfied through imports. Additionally, the government has opted to impose ...
12/25/2025Decline of exports and imports in Armenia in October due to gradual cessation of re-exports - WB
... the World Bank observe that there was a notable decrease in the export of non-precious metals (down by 39%) and machinery and equipment (down by 9.4%), although this was somewhat balanced by an increase in the export of ore (up by 21%) and ready-made food products (up by 10.5%). "In October, excluding the re-exports of precious metals and stones, exports saw a slight decrease of 0.5%, while imports experienced a marginal increase of 0.5%," the review states. Furthermore, it is highlighted ...
12/23/2025Armenia and Egypt explore investment opportunities and export potential
... discussions regarding investment opportunities and export potential between their countries. Their conversation focused on the prospects for collaboration in agriculture and agro-industrial sectors, particularly the investment opportunities aimed at enhancing food and beverage production capacity in Armenia by utilizing local raw materials for export to Egypt and other international markets, as reported by the press service of the Armenian Ministry of Economy. Additionally, the ministers recognized the advancement ...
12/22/2025EDB expects refinancing rate in Armenia to decrease to approximately 6.25% by the end of 2026
... to 6.75% by February 2025. On December 16, the regulator further decreased the rate by 0.25%, bringing it down to 6.5%. "The Central Bank of Armenia will proceed with caution, given the inflationary risks posed by a potential increase in global food prices and the overheating of both external and domestic demand," Kuznetsov remarked. The EDB's forecast for 2027–2028 suggests that the rate will stabilize around 6%, aligning with the goal of keeping inflation within the Central Bank of ...
12/18/2025Eurasian Development Bank (EDB) forecasts inflation in Armenia at an average of 3.3% in 2026-2028
... rate of the dram and the economy's return to long-term growth rates," Kuznetsov said. According to the EDB's forecast for 2026-2028, inflationary factors will include strong external demand, sustainable household consumption, and rising global food prices in the medium term. According to Armstat, the 12-month inflation in the Armenian consumer market in November of this year was 3.1%. Armenia's 2025 state budget projects inflation at 3% (±1%). According to the Central Bank, inflation in Armenia ...
12/18/2025EDB plans to finance $100-150 million worth of projects in Armenia in 2026
... has been a member of the EDB since 2009. The Bank's country strategy through 2026 is aimed at supporting projects that develop and modernize essential infrastructure—ensuring energy and transport security, diversifying energy sources, and enhancing food security—while also bolstering the capabilities of the country's export-oriented sectors and financial system.-0-
12/18/2025EDB's accumulated investments in Armenia reach $639 million
... has been a member of the EDB since 2009. The Bank's country strategy through 2026 is aimed at supporting projects that develop and modernize essential infrastructure—ensuring energy and transport security, diversifying energy sources, and enhancing food security—while also bolstering the capabilities of the country's export-oriented sectors and financial system.
12/18/2025Armenia attaches particular importance to expanding the geography of the EAEU's foreign economic relations – Pashinyan
... prioritize the domestic supply of EAEU member states over exports to external countries and to formulate unified strategies for implementing this principle," he added. According to the Armenian Prime Minister, in light of the high volatility of global food markets, the resilience of the agricultural systems in EAEU countries is particularly important for maintaining economic stability. "Achieving tangible outcomes is directly linked to the execution of agreed practical measures, which include ...
12/12/2025Armenia will receive €70.4 million from IBRD to improve irrigation services and water supply
... post-signing (March 2026). The project is set to be implemented over five years from the date the agreement becomes effective. The agreement's goal is to establish climate-resilient irrigation and water supply systems that will foster economic growth, ensure food security, and promote balanced regional development. It aims to enhance governance mechanisms in the sector, bolster institutional capacity, modernize infrastructure, improve the financial sustainability of services, mitigate climate risks, and encourage ...
12/11/2025Port of Hamburg is interested in the "Dry Port" project in Gyumri - Pashinyan
... the North-South transport corridor. It will include an airport with free economic zone status, distribution centers (hubs), small and medium-sized enterprises, light industry facilities, production facilities, production lines, and an international food market. It is envisaged that the Shirak region will be transformed into an industrial zone, and the dry port will become a multifunctional and multimodal hub servicing regional and international companies requiring the consolidation of customs processes....
12/11/2025Eurasian Development Bank expects price growth in Armenia in 2025 to remain close to Central Bank's target
... Development Bank (EDB) forecasts that consumer price growth in Armenia will remain close to the Central Bank 's target of 3±1% this year. "Inflation in Armenia decreased to 3.1% y/y in November after 3.7% y/y drop in October, driven by a slowdown in food price growth (3.8% y/y in November after 5.6% y/y the previous month) and linked to global price dynamics. In November, service sector inflation stabilized (2.9% y/y), while price growth accelerated in the non-food segment (1.2% y/y in November after ...
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