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Yerevan's public transport revolution: What passengers can expect in 2025
... Free transport for students who have lost one parent or are orphans. Free transport for individuals with 1st and 2nd degree disabilities. Free transport for children from orphanages and residents of retirement homes, as well as individuals receiving government benefits and assistance. 20% discount for heroes of the former USSR, Social Labor heroes, national heroes of Armenia, and holders of the Order of Glory. Free transport for parents of large families with four or more children.
12/20/2024Zangezur Copper and Molybdenum Combine may offer Armenian government's stake in IPO - Pashinyan
The Armenian government's stake in the Zangezur Copper and Molybdenum Combine (ZCMC) may be put up for an IPO, Armenian Prime Minister Nikol Pashinyan said at a government meeting on Thursday. YEREVAN, December 20. /ARКА/. The Armenian government's stake in ...
12/20/2024Armenia agrees with Turkey on assessment of requirements for crossing the border on Gyumri-Kars railway - Mirzoyan
Driven by the firm belief that regional dialogue is key to establishing mutually beneficial collaboration, the Government of Armenia has introduced the "Crossroads of Peace" initiative, Armenian Foreign Minister Ararat Mirzoyan said in a speech at the 49th Meeting of the Black Sea Economic Cooperation organization’s Council of Ministers of Foreign ...
12/20/2024Yerevan is constructive towards OSCE MG dissolution, but wants to make sure Baku has no territorial claims - Pashinyan
... regions of Gazakh, Tovuz, Aghstafa, Gadabay, Dashkesan, Kelbajar, Lachin, Kubatlu and Zangelan of the Republic of Azerbaijan,' Pashinyan said. Therefore, according to him, the return of the people there is the internal matter of Azerbaijan, and the government of Armenia has nothing to do or discuss here, besides the matters that it is already discussing with Azerbaijan. 'I mean the establishment of normal relations that would ensure, among others, the security of Azerbaijan’s western and Armenia’s ...
12/19/2024Dutch rose growing company to invest AMD 7.5bn i in Armenia
... billion drams to expand a greenhouse complex for growing Dutch roses. YE REVAN, 19 December. /ARKA/. The ROZ ART Company has pledged to invest 7.5 billion drams to expand a greenhouse complex for growing Dutch roses. Based on this, the Armenian government at a session on Thursday exempted the company from paying import duties. The greenhouse, located in the Kotayk region of the country, currently covers an area of 26.5 hectares. The company plans to to build a new greenhouse with the area of ...
12/19/2024Armenian government allocates AMD 31.8bn for subvention projects in regions in 2024
Armenian Minister of Territorial Administration and Infrastructure David Khudatyan told a government session on Thursday that a total of AMD 31.8 billion will have been allocated by the government for implementation of subvention projects in the regions of the country. YEREVAN, 19 December. /ARKA/. Armenian Minister of Territorial Administration ...
12/19/2024Armenian government to raise housing compensation for Alaverdi flood victims
The Armenian government decided at a meeting on Thursday to increase the compensation amount for some residents of Alaverdi, Lori province, who were affected by the May flooding. YEREVAN, December 19. /ARKA/. The Armenian government decided at a meeting on Thursday ...
12/19/2024Armenian government establishes benefit for import of 2 thousand tons of butter
The Armenian government decided at a meeting on Thursday to implement a tariff preference for butter imported from EAEU countries. YEREVAN, December 19. /ARKA/. The Armenian government decided at a meeting on Thursday to introduce a tariff preference for butter ...
12/19/2024Armenia to change rules for conscription in case of illness
At a meeting on Thursday, the Armenian government adopted a draft amendment to the methodology for assessing health status when conscripting individuals for military service. YEREVAN, December 19. /ARKA/. At a meeting on Thursday, the Armenian government adopted a draft amendment to the ...
12/19/2024Armenian government endorses economic agreement with Hungary
The Armenian government approved an agreement on economic cooperation with Hungary at a meeting on Thursday. YEREVAN, December 19. /ARKA/. The Armenian government approved an agreement on economic cooperation with Hungary at a meeting on Thursday. As stated in ...
12/19/2024Pashinyan: Armenia must give up second hand as humanitarian aid
During a government meeting, Armenian Prime Minister Nikol Pashinyan stated that legislative changes must be introduced to stop sending aid in the form of used goods to Armenia. YEREVAN, December 19. /ARKA/. During a government meeting, Armenian Prime Minister ...
12/19/2024David Arushanyan appointed new governor of Armenia's Shirak region
The Armenian government decided at a meeting on Thursday to appoint David Arushanyan to the vacant position of governor of the Shirak region. YEREVAN, December 19. /ARKA/. The Armenian government decided at a meeting on Thursday to appoint David Arushanyan to ...
12/19/2024About $14 million invested in modernization of Shirak airport in Armenia
... about $14 million in the modernization of Shirak airport in Gyumri. YEREVAN, December 19. /ARKA/. Armenia - International Airports CJSC has invested about $14 million in the modernization of Shirak airport in Gyumri, the press service of the Armenian government said following Prime Minister Nikol Pashinyan's visit to the new departure hall of the airport. It is noted that the hall, covering an area of 1000 square meters, has two boarding gates, with the capacity to service two flights simultaneously,...
12/19/2024IMF: Armenia's 2025 budget well-balanced
... spending priorities, and adopting a medium-term expenditure framework. "Progress in public financial management reforms is essential to reducing fiscal risks, particularly those associated with state-owned entities, public-private partnerships, and government guarantees," he said. In the state budget of Armenia approved on December 4, the state budget revenues amount to 2.84 trillion drams, and expenditures total 3.4 trillion drams (of which 2.7 trillion drams are current expenditures, and ...
12/18/2024Dalan Technopark and OVIO sign memorandum of co-operation
... Europe, which are physically and geographically separated from each other, guaranteeing reliable and uninterrupted service to the 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 operation the largest data processing centre in Armenia, which is of strategic importance for the country. The data centre ...
12/17/2024Armenia faces financial trilemma – State Revenue Committee Head
... The revised draft also shows that state budget expenditures will be reduced by 40.8 billion drams, totaling 3.4 trillion drams (of which 2.7 trillion drams are current expenditures, and 734 billion drams are capital expenditures). Additionally, the government debt-to-GDP ratio is forecasted at 54.3%. ($1 = 393.82 drams).
12/17/2024New Armenian ambassador to France presents credentials to President Macron
... in France said in a Facebook post. Macron congratulated Khachatryan on his appointment and wished him fruitful work on strengthening and developing the special relations between the two countries. In his turn, the Ambassador reaffirmed the Armenian government's aspiration to expand and develop relations with friendly France, which have transformed into strategic partnership. The two officials also exchanged views on the developments in the South Caucasus and the ongoing efforts of the Armenian government ...
12/14/2024USAID has invested about $1.3bn in Armenia - Armenia Mission Director
... Allelo said USAID's ‘ project portfolio covers areas such as developing democratic structures, strengthening the country's resilience, and developing social inclusion with the focus on legal reforms, promoting anti-corruption activities, assisting the government in promoting the democratic agenda, and social inclusion. According to him, USAID is now implementing a total of 32 projects in Yerevan and all regions of Armenia. ‘Our programmes are designed in such a way that the benefits for citizens ...
12/14/2024Armenian Economy Minister shares plans to develop Amulsar gold mine after EDB withdraws from the project
... framework of a criminal case initiated on July 20, 2018. According to the Investigative Committee, there were no environmental threats from the operation of the mine, and the likely risks could e controlled if appropriate measures are taken. The Armenian government is to own 12.5% of the company and provide insurance for the transaction against certain risks. Neighboring communities are to receive $7 million annually in support from the company. -0
12/12/2024Armenia extends housing program for retired military
Retired military personnel in Armenia who need housing will continue to receive apartments with state support. This decision was made at a meeting of the government on Thursday. YEREVAN, December 12. /ARKA/. Retired military personnel in Armenia who need housing will continue to receive apartments with state support. This decision was made at a meeting of the government on Thursday. This program ...
12/12/2024Armenian government dissolves Gyumri Council of Elders
The Armenian government decided at a meeting on Thursday to suspend the activities of the Council of Elders in Gyumri. YEREVAN, December 12. /ARKA/. The Armenian government decided at a meeting on Thursday to suspend the activities of the Council of Elders in ...
12/12/2024“Crossroads of Peace” initiative aligns with CIS interests – Armenian Deputy Prime Minister
... region’s trade and economic potential by unblocking borders and creating a regional system of transport and communication infrastructure, both in the East-West and North-South directions,” Grigoryan noted at a meeting of the CIS Council of Heads of Government on Thursday. According to him, sustainable and inclusive regional economic development cannot be ensured without the establishment of a necessary modern infrastructure network and seamless logistics. The Deputy Prime Minister of the Armenian ...
12/12/2024Armenian PM says he is freesing in government dacha
Armenian Prime Minister Nikol Pashinyan complained at a government session that government dachas are poorly heated. YEREVAN, 12 December. /ARKA/. Armenian Prime Minister Nikol Pashinyan complained at a government session that government dachas are poorly heated. ‘The residences of government members ...
12/12/2024Passage on Armenia's longest bridge allowed again
... December. /ARKA/. Traffic on Nor-Hachin Bridge, the longest bridge in Armenia, which spans the Hrazdan Gorge, has been resumed, the Road Department reported. Traffic on the bridge had been closed since 20 August due to a major overhaul financed by the government. The repair is still ongoing, the Road Department said. The bridge has a total length of 640m and a width of 14.5m together with the carriageway and pavements. The crossing consists of metal trestles on the right and left banks. The height ...
12/11/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... exchange in Armenia, their turnover remains very small and limited. "We cannot say that we have a developed stock market, unlike the bond market. We likely need to find innovative solutions and attract instruments from financial institutions and the government. This is currently under discussion, and I cannot disclose the details yet," said Jrbashyan. EBRD optimistic about program implementation in Armenia "Armenia is the second country in the Caucasus where this program is being implemented....
12/11/2024Unblocking communications will restore region's role: Armenian speaker on talks with Azerbaijan
... territorial integrity, equality, and reciprocity among states in people-to-people contacts and cultural ties. This will significantly contribute to security and stability both within the region and beyond," Simonyan said. He stated that the Armenian government, guided by this vision, introduced the “Crossroads of Peace” initiative. This program, as part of our peace agenda, aims to develop regional communications based on international law, sovereignty, and the jurisdiction of states. The “Crossroads ...
12/11/2024EU allocates €1.5m grant to Armenia to help Nagorno-Karabakh refugee
The European Union has provided the Armenian government with a grant of 1.5 million euros to meet the needs of the refugees from Nagorno-Karabakh, the press service of the EU Delegation to Armenia reports. YEREVAN, 10 December. /ARKA/. The European Union has provided the Armenian government ...
12/10/2024Central Bank head disagrees that MiCA-like regulation of cryptocurrencies could scare away potential investors
... questions arising in this sphere will get quite simple answers, and people will be able to make investments in crypto-assets,’ 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 approval,’ Galstyan said.-0-
12/10/2024Armenia to receive $100m from World Bank for creation of tourism clusters
... progress of the country. According to the press service of the Ministry of Economy, the interlocutors discussed the prospects of development of Armenia's tourism industry and new opportunities of international cooperation. The Minister noted that the government plans to develop the potential of the sector through systematic investments and expansion of infrastructures. He emphasised the importance of strengthening Armenia's position in international platforms as a tourist attractive country. For his ...
12/10/2024Canada supports Yerevan's efforts to normalise relations with Baku - special envoy
... democratic reforms in Armenia. The Prime Minister emphasized that reforms in the public administration system, the development of institutional capacities, and the implementation of reforms in the judicial and legal sphere are of strategic importance for the Government of the Republic of Armenia. Stéphane Dion noted that Canada welcomes the steps of the Government of the Republic of Armenia in the protection of human rights, strengthening of democracy and implementation of reforms in other areas and is ready ...
12/06/2024Pashinyan fires heads of Enforcement and Probation services
... Service. YEREVAN, 6 December. /ARKA/. Armenian Prime Minister Nikol Pashinyan dismissed Arsen Mnatsakanyan, acting Chief Enforcement Officer, and Aram Nikoyan, head of the Probation Service. The corresponding decisions were signed by the head of the government on Thursday. Mnatsakanyan was appointed Chief Enforcement Officer by Prime Minister's decision of 26 January 2023, while Nikoyan was appointed head of the Probation Service on 18 September 2023. Pashinyan also appointed Nelli Davtyan as new ...
12/06/2024Armenia temporarily bans export of iron and non-alloy steel to third countries
On Thursday, the Armenian government imposed a 6-month ban on the export of iron and non-alloy steel to third countries. YEREVAN, December 5. /ARКА/. On Thursday, the Armenian government imposed a 6-month ban on the export of iron and non-alloy steel to third countries. ...
12/05/2024EDB lowers Armenia's GDP growth forecast for 2024 to 6%, but raises it for 2025 to 5.5%
... to October) were supported by mortgage lending (28.5% y/y in October). At the same time, as noted by the EDB, domestic demand is actively expanding due to stable growth in lending to the population (22.9% y/y in October) and the execution of planned government spending in the fourth quarter of 2024. According to the results for January-September, household consumption grew by 7.4% y/y, and investment in fixed assets increased by 13.6% y/y, serving as the main drivers of the economy during the same ...
12/05/2024Armenian Finance Minister assesses risks to 2025 budget
... allocate sufficient reserves aimed at mitigating or neutralizing a substantial portion of potential risks," Hovhannisyan said on Public Television of Armenia. According to him, for example, there were issues with tax collection this year, but the government was able to mitigate them using reserves Touching upon the measures to overcome the challenges, Hovhannisyan outlined three key tools being implemented by the Armenian authorities. "Firstly, this involves increasing tax revenues, not by ...
12/05/2024Argishti Mekhakyan appointed new governor of Armavir region
... Mekhakyan has been appointed as the new governor of Armenia's Armavir region. YEREVAN, December 5. /ARKA/. Argishti Mekhakyan has been appointed as the new governor of Armenia's Armavir region. The decision was made during a meeting of the Armenian government on Thursday. His predecessor, David Khudatyan, was earlier appointed as Minister of Territorial Administration and Infrastructure of the Republic of Armenia, replacing Gnel Sanosyan.-0-
12/05/2024Armenia to tighten taxation of online casinos - PM
The Armenian government is preparing several more bills to tighten taxation of online casinos, Prime Minister Nikol Pashinyan said in parliament on Wednesday, responding to an opposition MP's statement that "the authorities are providing protection to local bookmakers....
12/05/2024Pashinyan considers current fight against corruption ineffective
... Pashinyan said. ‘Speaking about anti-corruption policy, instinctively, the policy of punishment is taken into account first of all. That is, the one who engages in corruption should be caught and punished, which is correct,' Pashinyan said during a government Q&A session in Parliament on Wednesday. However, he said, it is important that trustworthiness is not an after-the-fact thing, but that it becomes a social psychology, because this problem is always present. Pashinyan said it is necessary ...
12/04/2024Armenian Embassy in Damascus has launched a "hotline" and urges compatriots to avoid relocation
The Armenian Embassy in Syrian capital Damascus has launched a hotline at +963 96 000 36 22 to assist ethnic Armenians, following the reignited war in that country between opposition groups and government forces. Y EREVAN, December 3. /ARKA/. The Armenian Embassy in Syrian capital Damascus has launched a hotline at +963 96 000 36 22 to assist ethnic Armenians, following the reignited war in that country between opposition groups and government ...
12/03/2024MP from ruling Armenian party defies PM Pashinyan's request to resign
MP Hovik Aghazaryan from the pro-government Civil Contract party has refused to give up his seat in the National Assembly despite the request of Armenian Prime Minister Nikol Pashinyan. YEREVAN, 2 December. /ARKA/. MP Hovik Aghazaryan from the pro-government Civil Contract party ...
12/02/2024Dutch government interested in strengthening ties with Armenia
The government of the Netherlands is interested in developing relations with Armenia, particularly in the areas of promoting democratic reforms, expanding economic ties, and strengthening Armenia-EU relations. YEREVAN, December 2. /ARKA/. The government ...
12/02/2024Opposition sues Armenian government and MFA over blocked access to Azerbaijan agreement
Four MPs from the opposition bloc "Armenia" have filed a lawsuit against the Armenian government and the Foreign Ministry over the ban on access to the draft peace treaty between Yerevan and Baku. YEREVAN, December 2. /ARKA/. Four MPs from the opposition bloc "Armenia" have filed a lawsuit against the Armenian government ...
12/02/2024Artsakh refugees outraged by Armenian government's decision to cut their aid
Artsakh (Nagorno-Karabakh) refugees have taken with great dissatisfaction the Armenian government's decision to reduce the financial aid provided to them, which they use to pay for rent and utilities, Artsakh human rights defender Gegham Stepanyan said today. YEREVAN, 29 November. /ARKA/. Artsakh (Nagorno-Karabakh) refugees have taken ...
11/29/2024Artsakh citizenship issue tied to return prospect – Ombudsman
... decree on dissolution of all state institutions of the republic and termination of the existence of the Republic of Artsakh from 1 January 2024. The residents of Artsakh were forced to leave their homeland and move to Armenia. According to the Armenian government, more than 115 thousand Artsakh residents have arrived in Armenia. To help them, the Armenian Government is implementing a number of programmes.-0-
11/29/2024Mirzoyan and President of Finland discuss key Armenia-EU partnership agenda
... emphasized that establishing stable peace in the South Caucasus and ensuring the safest environment for the citizens of Armenia is one of the key priorities of Armenia's foreign policy. Mirzoyan highlighted that, despite the existing challenges, the Government of Armenia is actively working in this direction. He also pointed out Armenia's strong political will to sign a peace treaty with Azerbaijan and shared the latest developments in this process.
11/29/2024Armenia to open embassy in Hungary
Armenia will open embassy in Hungary, the Armenian government decided on Thursday. YEREVAN, 28 November. /ARKA/. Armenia will open embassy in Hungary, the Armenian government decided on Thursday. The rationale behind the decision notes that an agreement on the full restoration of diplomatic relations ...
11/28/2024Armenia to receive €12.9 million from European Commission for nuclear safety enhancement
... receive financial assistance of 12.9 million euros from the European Commission to enhance nuclear safety. YEREVAN, November 28. /ARKA/. Armenia will receive financial assistance of 12.9 million euros from the European Commission to enhance nuclear safety. The relevant project was approved by the Armenian government at a meeting on Thursday. It is noted that within the framework of the Comprehensive and Enhanced Partnership Agreement (CEPA) between Armenia and the EU, the Nuclear Safety Regulatory Committee of Armenia will be responsible for harmonizing ...
11/28/2024‘’Voske Kat’’ invests over $201 million in dairy production in Armenia
... for dairy production. YEREVAN, November 28. /ARKA/. ‘’Voske Kat’’ LLC will invest 78.8 billion drams ($201.2 million) in equipment and the purchase of imported raw materials for dairy production. At a meeting on Thursday, the Armenian government exempted ‘’Voske Kat’’ from import customs duties as part of an investment program in a priority sector. The production will take place in the Kotayk region of Armenia. An investment of 100 million drams is planned for equipment, and ...
11/28/2024Armenia extends grain export ban outside the EAEU for six months
... grain exports outside the EAEU for six months-from January 4 to July 4, 2024. YEREVAN, November 28. /ARKA/. Armenia has extended the ban on grain exports outside the EAEU for six months - from January 4 to July 4, 2024. The decision was made at a government meeting on Thursday. . The decision was made at a government meeting on Thursday. The ban applies to wheat, barley, corn, buckwheat, as well as sunflower seeds and sunflower oil, in addition to grains. This decision, as stated in the justification,...
11/28/2024Armenia to ban driving cars without winter tires from November to March
The Armenian government, during a meeting on Thursday, decided to ban the use of passenger and cargo vehicles weighing up to 3 tons from November 15 to March 31 unless they are equipped with winter tires. YEREVAN, November 28. /ARKA/. The Armenian government,...
11/28/2024Armenia extends cement import restrictions for six months
At a meeting on Thursday, the Armenian government extended the cement import restrictions for another six months, until July 20, 2025. YEREVAN, November 28. /ARKA/. At a meeting on Thursday, the Armenian government extended the cement import restrictions for another six months, until ...
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