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PSRC chairman: government will engage in negotiations with ENA on transfer of ownership rights
... investment programs, delays and procedural violations in connecting new subscribers, as well as breaches of construction and fire safety regulations during the construction and renovation of specific facilities. The commission asserts that ENA has issued risky ... ... inspections and evaluations. Mesrop Mesropyan, the head of the Public Services Regulatory Commission (PSRC), stated that the government will engage in negotiations with the owner or the Board of Directors of ENA concerning the transfer of ownership rights ...
02/16/2026Armenia and Russia reach understanding on repairing Yeraskh and Akhurik railway sections, Minister
... in the coming days," Khudatyan said at a press briefing on Friday. According to him, if possible, the Russian side would be the preferred party. "If any obstacles arise, although, in my opinion, there shouldn't be any problems, the Armenian government will independently restore the railway in these sections, as this is one of the key points in the logic of reopening," the minister noted. On February 12, Russian Deputy Prime Minister Alexey Overchuk announced that Russia and Armenia ...
02/13/2026Armenia to restart agricultural insurance program - minister
... potatoes, cherries, sweet cherries, wheat, barley, and oats," Papoyan revealed during a live update on his Facebook page. The minister identified hail, spring frosts, and drought as the risks covered by the insurance. He also mentioned that the government will subsidize 40% of the insurance premium for apricot, wheat, barley, and oat crops, while providing 60% support for other crops.-0-
02/13/2026Armenia is readying for a wave of US-led investment that could exceed $13 billion, Bloomberg
... elections on June 7. He’s due to host dozens of political leaders in Yerevan at the European Political Community summit in May. Taken together, the potential $13 billion projects dwarf previous foreign investments in Armenia. They pave the way for the government’s ambition of anchoring US capital and technology in key sectors, even if the sums don’t fully materialize. “When companies are deciding to invest billions of dollars in Armenia, it creates ideas for others as well,” Firebird’s co-founder ...
02/13/2026A rapid response medical group will be established in Armenia
A rapid response medical group will be established in Armenia. YEREVAN, February 12. /ARKA/. A rapid response medical group will be established in Armenia. The corresponding decision was made at a government meeting on Thursday. According to the rationale for the decision, this group may be involved in providing medical assistance to victims of emergencies in Armenia, as well as in international humanitarian missions abroad. The procedure for its ...
02/12/2026A digital registry of tour operators and a points-based system are being introduced in Armenia
A digital registry of tour operators and a points-based system are being introduced in Armenia, RA Minister of Economy Gevorg Papoyan announced at a government meeting on Thursday. YEREVAN, February 12. /ARKA/. A digital registry of tour operators and a points-based system are being introduced in Armenia, RA Minister of Economy Gevorg Papoyan announced at a government meeting on Thursday. The government ...
02/12/2026More than 76,500 Armenian citizens received social loans totaling 6.2 billion drams in 2025: Prime Minister
... billion drams, announced Prime Minister Nikol Pashinyan. According to him, the funds were returned to citizens based on their income declarations for 2024. "The average social loan repayment per applicant was 81,000 drams," Pashinyan said at a government meeting on Thursday. The Prime Minister noted that the program is important for regulating and improving the targeting of social policy. About Social Credits in Armenia The social credit system provides compensation for citizens' expenses in ...
02/12/2026Pashinyan outlines the criteria for Armenia's selection of a partner nation for building a new nuclear power facility
... regarding new nuclear reactor initiatives with Russia, the United States, France, China, and South Korea. It is essential that we ensure the chosen proposal best serves the Republic of Armenia's interests," Pashinyan stated on Wednesday during the government Q7A session in parliament. The prime minister pointed out that a comprehensive analysis of the nuclear energy market over the long term is crucial when making this decision. He highlighted that the electricity produced by the Metsamor Nuclear ...
02/11/2026Armenia to hand over draft agreement on "Trump Route" to U.S., Pashinyan
... we will follow this schedule: in the next few days, we will present our perspectives on the agreement related to the TRIPP initiative to our US partners. The draft document will be founded on the implementation framework that has been approved by the governments of both nations, which is, in turn, based on the statement from August 8, 2025," Pashinyan mentioned during a government Q&A session in parliament on Wednesday. He indicated that work on the feasibility study for the project has already ...
02/11/2026Russia's Nuclear Capabilities Surpass those of the US, Peskov
... services over the long term at a reduced cost," Peskov remarked, as reported by TASS. During the official two-day visit of US Vice President J.D. Vance to Armenia on February 9, a joint document was finalized, concluding discussions on an intergovernmental agreement for cooperation in the peaceful use of nuclear energy. This document establishes the legal framework for ongoing collaboration in the peaceful use of nuclear energy, particularly concerning licensing and the potential integration ...
02/11/2026Tourist arrivals to Armenia increased by 28.6% in January, reaching 179,400
... period of 2025 (an increase of 28.63%), the Tourism Committee reported. According to the agency, the largest number of tourist arrivals in January were from Russia – 73,071 (41%), Georgia – 21,490 (12%), and Iran – 14,974 (8%). According to the government's Strategic Program for Tourism Development in Armenia for 2026–2030, the number of tourists visiting the country is expected to reach 3 million annually.-0-
02/10/2026Armenia plans to introduce a new universal income declaration system
... "We are striving to create a new system. A tender has been announced," Hakobyan said on Tuesday. He noted that starting this year, pensioners will also be required to complete income declarations. "Our system will be linked to other government systems, allowing for automatic receipt of information on pensions and social benefits," Hakobyan explained. He also mentioned that, with the applicant's consent, banks will submit deposit and income data to the State Revenue Committee ...
02/10/2026Yerevan and London discuss establishing direct flights; timelines announced
... programs. Khudatyan mentioned that his ministry is executing a significant infrastructure initiative and expressed optimism regarding the involvement of British firms in these projects and international tenders. Additionally, they discussed the Armenian government’s “Crossroads of Peace” initiative.-0-
02/10/2026US Vice President, his wife, and children arrive in Armenia
... landed at Yerevan's Zvartnots International Airport. His wife, Usha Vance, and their three children arrived with him. They were welcomed at the airport by Armenian National Assembly Speaker Alen Simonyan. According to the press service of the Armenian government, a meeting between Armenian Prime Minister Nikol Pashinyan and the US Vice President will take place this evening, following which they will deliver statements. Earlier, the US State Department stated that the purpose of the American delegation's ...
02/09/2026Armenia and United States are implementing investment programs worth approximately $1 billion, Papoyan
... amounting to roughly $1 billion," the minister remarked. Papoyan pointed out that several projects are already in progress and noted that such a level of collaboration is unprecedented for Armenia. The minister also expressed that the Armenian government is keen on enhancing investment cooperation with the United States and exploring new projects to strengthen bilateral economic ties. According to Armstat, Armenia's trade turnover with the United States in 2025 reached $348.4 million, reflecting ...
02/09/2026Special rules established for the construction project of the new Ajapnyak metro station - Yerevan Municipality
.... /ARKA/. The Yerevan Municipality has established special procurement and construction rules for the construction of the new, 11th station of the Yerevan metro, Ajapnyak, announced Aneta Babayan, adviser to the mayor. According to her, the Armenian government has adopted a special decision in connection with the implementation of the project. "These special conditions will allow the integration of best international contract management practices into current Armenian procurement legislation....
02/09/2026US Vice President to Visit Armenia February 9-10
US Vice President J.D. Vance will arrive in the Republic of Armenia on February 9 for a two-day official visit. He will be accompanied by his wife, Usha Vance, the RA government press service reported. YEREVAN, February 9. /ARKA/. US Vice President J.D. Vance will arrive in the Republic of Armenia on February 9 for a two-day official visit. He will be accompanied by his wife, Usha Vance, the RA government press service ...
02/09/2026Papoyan on growth in Armenia's economic sectors and decline in exports and imports in 2025
... there has been a decline in both exports and imports, attributed to a drop in the re-export of refined (Russian) gold, along with a slight decrease in the supply of other goods due to tightening sanctions. The minister emphasized that the Armenian government is vigilant in monitoring all decisions made by the EU or the US concerning Russia's exports."We immediately take them into account and make appropriate decisions. That's why we prevented goods transiting through Armenia in 2023-2024 ...
02/06/2026Armenia and Azerbaijan exchanged lists of goods they are likely to trade– Papoyan
... us. This will require time; it is a challenging and prolonged process," Papoyan remarked during a press conference on Friday regarding the 2025 outcomes. He mentioned that this process is primarily in the hands of the private sector, while the government is facilitating conditions through political agreements, road openings, and railway activation. "We have already established a considerable part of these conditions, but they are not yet fully realized. For instance, there is currently ...
02/06/2026Armenia and the UAE Sign Agreement on Trade in Services and Investment
Minister of Economy Gevorg Papoyan and UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi signed an agreement on trade in services and investment between the governments of Armenia and the United Arab Emirates in Abu Dhabi. YEREVAN, February 6. /ARKA/. Minister of Economy Gevorg Papoyan and UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi signed an agreement on trade in services and investment between ...
02/06/2026Armenia does not see the need to leave the EAEU – Alen Simonyan
... that Armenia does not plan to sever economic ties with the EAEU and does not aim to reduce trade with the EAEU and Russia. According to him, Armenia is pursuing economic diversification and wants to increase trade with the European Union. The head of government also noted that the start of the EU accession process offsets certain foreign policy risks. According to him, Armenia can only become an EU member if the people approve this initiative in a referendum, and the main challenge facing Armenia ...
02/05/2026Armenia simplifies VAT and income tax transaction adjustments for businesses
At a meeting on Thursday, the Armenian government approved a draft law amending and supplementing the Tax Code, aimed at regulating issues of documentation, tax reporting, and the calculation and payment of VAT and income tax. YEREVAN, February 5. /ARKA/. At a meeting on Thursday, the Armenian ...
02/05/2026Armenian Government Sets Limits and Timeframes For Commercial Fishing From Lake Sevan For 2026
At a meeting on Thursday, the Armenian government approved limits and timeframes for the commercial cathch of fish and crayfish from Lake Sevan for 2026, as well as the conditions and requirements for organizing the fishing. YEREVAN, February 5. /ARKA/. At a meeting on Thursday, the Armenian ...
02/05/2026Yerevan to Host the Second Investment and Financial Forum of Armenia
... dedicated to the development of capital markets and Armenia’s role in the evolving global financial system. The forum will be organized by Freedom Broker Armenia with the invited participation of the Ministry of Economy of the Republic of Armenia as the government body overseeing capital market development policy, and will bring together representatives of the financial and investment community, government institutions, and experts. The forum will take place around the theme of “The Moment of Opportunity: ...
02/04/2026Single operator will regulate digital gaming industry in Armenia
... gaming activities, including both online platforms and physical gaming establishments," he remarked during the committee meeting. The Deputy Head of the State Revenue Committee emphasized that the implementation of this system will provide the government with centralized information regarding all transactions in the industry, encompassing gambling bets, winnings, and losses. He pointed out that the State Revenue Committee currently does not possess a comprehensive set of such data, and the ...
02/04/2026Pashinyan and Aliyev agree to continue exploring opportunities to expand bilateral trade and economic cooperation
During a meeting in Abu Dhabi on February 4, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev agreed to continue exploring opportunities to expand bilateral trade and economic cooperation, the government press service reported. YEREVAN, February 4. /ARKA/. During a meeting in Abu Dhabi on February 4, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev agreed to continue exploring opportunities to expand bilateral ...
02/04/2026Mher Grigoryan Discusses Regional Development Prospects with World Bank Official
... Minister Mher Grigoryan discussed prospects for regional cooperation with Charles Cormier, World Bank Regional Director for Infrastructure for Europe and Central Asia, after communications are unblocked. According to the press service of the Armenian government, the parties exchanged views on the opportunities that will open up for countries in the region in the areas of investment, energy, transport, and trade if all communications in the region are unblocked. The Deputy Prime Minister expressed ...
02/04/2026Armenia has decided on the type of new nuclear power plant; the model will be selected later: Minister
The Armenian government has determined that the upcoming nuclear power plant will be modular, although the specific model has yet to be finalized, according to RA Minister of Territorial Administration and Infrastructure David Khudatyan. YEREVAN, February 3. /ARКА/....
02/03/2026Armenia Invites World Bank President to 2026 Crossroads of Peace Investment Forum
... delivered by Minister of Economy Gevorg Papoyan to Charles Cormier, the World Bank Regional Director for Infrastructure in Europe and Central Asia. Papoyan also invited Cormier to join the forum. During their meeting, the two parties discussed the Armenian government's Crossroads of Peace initiative, its economic potential, and the Tourism Regional Infrastructure Project (TRIP). The Crossroads of Peace initiative aims to initiate (renew) and enhance transport communications among Armenia, Georgia, Turkey,...
02/02/2026Pashinyan: The process of assessing the market value of ENA is underway
... market value of Electric Networks of Armenia (ENA) is currently underway. On November 17, 2025, the Public Services Regulatory Commission revoked ENA's license to distribute electricity, setting a three-month deadline (until February 17, 2026) for the government to negotiate with the company's owner regarding its future status (state buyout (nationalization) or transfer to management with state participation). "If ENA's market value is affordable for the state budget, we will fully nationalize ...
01/30/2026Yerevan Mayor Announces New Construction Start Dates for Road Between Isakov and Arshakunyats Avenues
... Tigran Avinyan. "The tender process has been completed, and a winner has been chosen. The final selection for the technical supervision tender is now pending. Following this, construction will kick off in the spring," Avinyan mentioned during a government meeting on Thursday. It was earlier reported that Armenia was set to receive a €60 million loan from the Asian Development Bank to support the "Yerevan Urban Development Investment Program" (the loan features a 17-year repayment ...
01/29/2026Strategic program for the development of science for 2026–2030 approved in Armenia
During a meeting on Thursday, the Armenian government greenlit a strategic initiative aimed at the advancement of science for the years 2026 to 2030. YEREVAN, January 29. /ARКА/. During a meeting on Thursday, the Armenian government greenlit a strategic initiative aimed at the advancement ...
01/29/2026Prime Minister spoke about reforms in the Armed Forces and peace with Azerbaijan
... Azerbaijan recognized each other's territorial integrity based on the 1991 Alma-Ata Declaration, as well as the freezing of Armenia's membership in the CSTO. According to him, this strategy will be continued. Military Tasks and Border Issues The head of government emphasized that the Armenian army is focused exclusively on defending the internationally recognized territory of 29,743 square kilometers, with the exception of participation in peacekeeping missions under international treaties. He also stated ...
01/28/2026Arbitration Tribunal of Stockholm Chamber of Commerce upholds binding nature of ENA decision, says Samvel Karapetyan's Defense Council
... underlying dispute and may be taken into account when assessing the Republic of Armenia's potential violation of the Agreement between Armenia and Cyprus on the Promotion and Reciprocal Protection of Foreign Investments. On January 23, 2025, the Armenian government issued a statement that " the Stockholm Arbitration Tribunal has fully rejected all requests submitted by Liormand Holdings Limited, Samvel Karapetyan, Eteri Karapetyan, Sargis Karapetyan, and Karen Karapetyan in connection with the Electric ...
01/25/2026Zvartnots Airport will remain under the concession of Corporación América (Argentina) until 2067
... and Martin Eurnekian, Executive Director of the Argentine company Corporación América S.A., signed the fifth amendment to the concession agreement for the management of Zvartnots International Airport. According to the press service of the Armenian government, the amendment was approved the previous day at a cabinet meeting. The document provides for an extension of the trust management period for the Yerevan airport until 2067, as well as an investment of $425 million by the concessionaire. During ...
01/23/2026Armenian Prime Minister Signs Charter of "Board of Peace"
... Nikol Pashinyan signed the charter of the "Board of Peace" in Davos. YEREVAN, January 22. /ARKA/. Armenian Prime Minister Nikol Pashinyan signed the charter of the "Board of Peace" in Davos. At a meeting on Thursday, the Armenian government approved the proposal to sign the charter of the "Board of Peace." The corresponding decision was signed the day before by Armenian Prime Minister Nikol Pashinyan, who is in Davos on a working visit. Armenian Foreign Minister Ararat ...
01/22/2026Kapan Airport May Become International Airport in Armenia – Deputy Prime Minister
"Syunik" Airport in Kapan may become another international airport in Armenia, RA Deputy Prime Minister Mher Grigoryan announced at a government meeting on Thursday. YEREVAN, January 22. /ARKA/. "Syunik" Airport in Kapan may become another international airport in Armenia, RA Deputy Prime Minister Mher Grigoryan announced at a government meeting on Thursday. This opportunity ...
01/22/2026Armenia Extends Zvartnots Airport Concession Term Until 2067, With Investments of $425 Million
At a meeting on Thursday, the Armenian government approved the fifth amendment to the agreement with the Argentine company "Corporación América S.A". for the concession management of Zvartnots International Airport. YEREVAN, January 22. /ARKA/. At a meeting on Thursday, the Armenian ...
01/22/2026Armenian government approved signing of the charter of "Board of Peace"
At a meeting on Thursday, the Armenian government approved the proposal to sign the charter of the "Board of Peace." YEREVAN, January 22. /ARKA/. At a meeting on Thursday, the Armenian government approved the proposal to sign the charter of the "Board of Peace." The corresponding ...
01/22/2026Armenia to tighten anti-corruption restrictions in public procurement - government decision
During a meeting on Thursday, the Armenian government approved a set of bills that amend and enhance the Law on Procurement along with several related legislative acts. YEREVAN, January 22. /ARКА/. During a meeting on Thursday, the Armenian government approved a set of bills that amend ...
01/22/2026Armenian Prime Minister to Pay Working Visit to Davos
Armenian Prime Minister Nikol Pashinyan will pay a working visit to Davos, Switzerland, on January 22, the Armenian government's press service reported. YEREVAN, January 28. /ARКА/. Armenian Prime Minister Nikol Pashinyan will pay a working visit to Davos, Switzerland, on January 22, the Armenian government's press service reported. The World Economic Forum is currently ...
01/22/2026Pashinyan describes TRIPP as more economic than political project
... as an economic program. "TRIPP is, first and foremost, an investment project. Politics is gradually fading into the background, and the investment project is coming to the fore. That is, it is becoming an economic program," he said during a government Q&A session parliament today. Responding to opposition criticism that the route through Armenia cannot be 43 km and must pass also through Yeraskhavan, the prime minister recalled that last week, representatives of Armenia and Azerbaijan conducted ...
01/21/2026Pashinyan discussed developments in the Armenian economy with Yevtushenkov
Armenian Prime Minister Nikol Pashinyan received entrepreneur Vladimir Yevtushenkov, the government press service reported. YEREVAN, January 21. /ARKA/. Armenian Prime Minister Nikol Pashinyan received entrepreneur Vladimir Yevtushenkov, the government press service reported. During the meeting, they exchanged views on general developments ...
01/21/2026Region's largest confectionery factory is being built in Armenia, with an investment of €145 million
... caramel candies, protein and fruit bars, chocolate-covered cookies and wafers, as well as high-quality Armenian chocolate-covered dried fruits. ‘’Vellar Group’’, a company within the Swedish international business group GNG, took advantage of government support instruments: a customs duty exemption and the "infrastructure for investment" program.
01/21/2026Armenia's Ministry of Economy: The loan portfolio of agricultural support programs has reached 439 billion drams
... machinery and equipment does not include agricultural machinery and equipment. They relate to construction, industry, healthcare, etc. At the same time, he added that 3,969 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 ...
01/20/2026Armenia's average annual economic growth from 2021 to 2025 was approximately 8.13%, according to minister
Armenia's average annual economic growth from 2021 to 2025 was approximately 8.13%, compared to the government's target of 7.0% for 2021–2026, the Minister of Economy Gevorg Papoyan revealed today. YEREVAN, January 20. /ARKA/. Armenia's average annual economic growth from 2021 to 2025 was approximately 8.13%, compared to the government's target ...
01/20/2026Fitch Forecasts Armenia's State Budget Deficit Above 3.5% Starting in 2027
International rating agency Fitch Ratings expects the Armenian government to achieve its 4.5% state budget deficit target in 2026, but forecasts deficits to be above the government's medium-term target of 3.5% starting in 2027. YEREVAN, January 18. /ARKA/. International rating agency Fitch Ratings expects the Armenian ...
01/18/2026Fitch Revises Armenia's Outlook to Positive; Affirms at 'BB-'
... Nagorno-Karabakh, which requires a popular referendum that will potentially take place after the June parliamentary elections. Trade with and through Azerbaijan has begun to open up. Relations with Turkiye are substantially improving, and the Turkish government is reportedly considering reopening its land border with Armenia. Gradual Fiscal Consolidation: Fitch estimates that the 2025 general government (GG) deficit was 5.0% of GDP, lower than the budgeted 5.5% but still above the 'BB' median (3.0%),...
01/17/2026Armenia is creating consumer protection system in line with EU standards
At a meeting on Thursday, the Armenian government approved draft amendments and additions to the "Law on Consumer Protection" and the "Law on Advertising." YEREVAN, January 15. /ARКА/. At a meeting on Thursday, the Armenian government approved draft amendments and ...
01/15/2026Armenia is discussing a ban on the sale and storage of disposable plastic tableware and containers
... additions to the laws "On Trade and Services," "On Market Control," and the Code of Administrative Offenses were reviewed in the first reading at a meeting of the National Assembly Committee on Territorial Administration, Local Self-Government, Agriculture, and Environmental Protection. According to Deputy Minister of Environmental Protection Ara Mkrtchyan, the legislative package proposes banning the disposal and presence of plastic bags and sacks, as well as disposable tableware ...
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