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Armenia approves Strategic Tourism Development Program for 2026-2030
... coordinating ongoing reforms, including legislative ones. YEREVAN, January 8. /ARKA/. At a meeting on Thursday, the Armenian government approved the Strategic Tourism Development Program for 2026-2030 with the aim of comprehensively addressing the challenges ... .... The second is enhancing international appeal by enhancing Armenia's image as a destination with a focus on hospitality and safety. The third is ensuring quality, which also includes providing a diverse and exceptional experience. The fourth is the social ...
01/08/2026Armenia to invest 4.8 billion drams in detergent and cleaning products production
... drams to Armenia for the production of detergents and cleaning products. YEREVAN, January 8. /ARKA/. GROM LLC plans to purchase and import raw materials worth 4.6 billion drams to Armenia for the production of detergents and cleaning products. By government decision, the company will benefit from an import duty exemption as part of an investment program implemented in a priority sector. The program also includes capital investments of 200 million drams. The company plans to increase the number ...
01/08/2026Sun Food Company to Invest AMD 1.95 Billion in Food Processing Production in Armenia
... and tomato paste in Armenia. YEREVAN, January 8. /ARKA/. 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. By government decision, the company will benefit from an import duty exemption as part of an investment program implemented in a priority sector. The program envisages an investment of AMD 1.8 billion for the purchase of raw materials and AMD 150 million ...
01/08/2026Unauthorized construction" must be registered in Armenia by the end of 2026
At a meeting held on Thursday, the Armenian government introduced amendments and additions to a previously adopted decision, which was triggered by the approval of the draft law "On Amendments and Supplements to the Civil Code of the Republic of Armenia." YEREVAN, January 8. /ARКА/....
01/08/2026Armenia approves procedure for managing data in the Universal Health Insurance Registry
At a meeting on Thursday, the Armenian government approved the procedure for collecting, maintaining, and transmitting data in the Universal Health Insurance Registry. YEREVAN, January 8. /ARKA/. At a meeting on Thursday, the Armenian government approved the procedure for collecting, maintaining,...
01/08/2026Some 1.93 billion drams planned for investment in construction of rose greenhouse in Armenia
... imported materials to cultivate roses. YEREVAN, January 8. /ARKA/. Roselin by KOK LLC is set to establish a state-of-the-art greenhouse complex in the Akunk community of Armenia's Kotayk Province, utilizing imported materials to cultivate roses. By a government decision, the company will receive an exemption from import customs duties as part of an investment initiative in a priority sector. This program outlines investments of 1.45 billion drams for the greenhouse acquisition, 180 million drams for ...
01/08/2026Lex Tobacco Company to invest AMD 36.7 billion in tobacco production in Armenia
Lex Tobacco Company LLC intends to invest in raw material imports in Armenia. YEREVAN, January 8. /ARKA/. Lex Tobacco Company LLC intends to invest in raw material imports in Armenia. By government decision, the company will take advantage of an import duty exemption as part of an investment program implemented in a priority sector. The program envisages an investment of AMD 32.4 billion in raw material acquisitions, as well as AMD 4....
01/08/2026Over 2.26 million tourists visited Armenia in 2025, a 2.5% increase over 2024: Papoyan
In 2025, Armenia welcomed 2,263,642 tourists, marking a 2.5% rise from the previous year and a 19.4% increase compared to 2019, as announced by Armenian Economy Minister Gevorg Papoyan during a government meeting on Thursday. YEREVAN, January 8. /ARKA/. In 2025, Armenia welcomed 2,263,642 tourists, marking a 2.5% rise from the previous year and a 19.4% increase compared to 2019, as announced by Armenian Economy Minister Gevorg Papoyan during ...
01/08/2026Armenia and Azerbaijan exchanging lists of "potentially interesting goods" for trade – Pashinyan
... process is ongoing. You will be informed when there are updates. Such discussions are taking place. I am aware that preliminary lists have been exchanged and are under review," the prime minister stated. Pashinyan highlighted that the Armenian government has not mandated local private companies to import Azerbaijani petroleum products, but has simply made them aware of the opportunity. Previously, the Armenian Ministry of Economy validated reports from Azerbaijani media regarding the import ...
01/08/2026Armenia adopted a doctrine of economic transformation
At its first meeting in 2026, the Armenian government adopted a doctrine for economic and institutional transformation. Prime Minister Nikol Pashinyan presented the doctrine. YEREVAN, January 8. /ARКА/. At its first meeting in 2026, the Armenian government adopted a doctrine for economic and ...
01/08/2026Pashinyan Blamed ENA for New Year’s Eve Power Outages
... "As a result of the work of Romanos Petrosyan and our other colleagues, it became clear that there isn't a single family in Armenia whose money hasn't been stolen by the ESA without being padded (on their electricity bills - ed.). This applies to both government agencies and the army. I am confident that we made the right and justified decision and will be able to defend it at all levels, and you will see it. I apologize to those citizens who spent New Year's Eve in the dark for not making a decision ...
01/08/2026Jermuk Group to invest 224.4 million drams in fixed assets
Jermuk Group CJSC plans to invest 224.4 million drams in fixed assets. YEREVAN, January 8. /ARKA/. Jermuk Group CJSC plans to invest 224.4 million drams in fixed assets. By government decision, the company will take advantage of an import duty exemption as part of an investment program implemented in a priority sector. The company plans to use the imported assets for exporting its products. The company plans to create seven ...
01/08/2026Armenian Prime Minister held a farewell meeting with outgoing US Ambassador to Armenia
... consistent development of Armenian-American relations. In particular, he emphasized that during her tenure as Ambassador, relations between Armenia and the US were elevated to a strategic level. The Ambassador thanked the Prime Minister and the Armenian government for their joint work and effective cooperation, and expressed confidence that cooperation between Armenia and the US will develop in all areas. The parties exchanged views on the implementation of the TRIPP (Trump Route to International Peace ...
01/07/2026Papoyan announced the conditions for exempting businessmen and investors from customs duties
... and investors in priority sectors will be exempt from customs duties on the import of raw materials and equipment, announced RA Minister of Economy Gevorg Papoyan. "Those businessmen and investors who invest in priority sectors announced by the government and import raw materials or equipment from third countries outside the EAEU will be exempted from customs duties by the government," he said live on his Facebook page. The minister reported that 67 such initiatives received support last ...
01/07/2026Armenia's healthcare budget increased to 220 billion drams in 2026
Armenia's healthcare budget has been increased to 220 billion drams in 2026 from 164 billion drams in 2025, the RA government press service reported following Prime Minister Nikol Pashinyan's visit to the Ministry of Health. YEREVAN, January 6. /ARKA/. Armenia's healthcare budget has been increased to 220 billion drams in 2026 from 164 billion drams in 2025, the ...
01/06/2026Pashinyan Announces Beginning of Renewal of Armenian Apostolic Church
... on the renewal of the Armenian Apostolic Church. YEREVAN, January 5. /ARKA/. Armenian Prime Minister Nikol Pashinyan presented a statement on the renewal of the Armenian Apostolic Church. The document bears the signatures of the head of the Armenian government and ten clergy: Archbishop Hovnan Terteryan, Archbishop Navasard Kchoyan, Archbishop Abraham Mkrtchyan, Archbishop Arakel Karamyan, Archbishop Sion Adamyan, Archbishop Vazgen Mirzakhanyan, Bishop Anushavan Zhamkochyan, Bishop Vrtanes Abrahamyan,...
01/05/2026Russia again reminds Armenia of contradictions between EU and EAEU regulations
... harmonizing its legal framework with EU norms and the corresponding rules of the EAEU. "We are discussing these issues honestly and openly. We are pleased to note that Armenian Prime Minister Nikol Pashinyan participated in both the Eurasian Intergovernmental Council meeting in Moscow (December 11) and the Supreme Eurasian Economic Council meeting in St. Petersburg (December 21) in relevant formats, particularly within the framework of the bilateral intergovernmental commission on economic cooperation,...
12/30/2025Yerevan Mayor says "Ajapnyak" metro station construction project ready
... "In particular, one of the assessments lasted over a year. It was a rather complex process, and after certain adjustments, the documents were returned to the designer," Avinyan noted at a press conference on Monday. According to him, a special government decision will be prepared for this project in 2026, and a management model will be developed according to FIDIC (International Federation of Consulting Engineers) standards—the most convenient option for implementing such a large-scale project....
12/29/2025Results for the ARKA News Agency Telegram Channel in 2025: 3.4 Million Views and Increased Citations
... TGStat.ru, by the end of the year, the channel's subscriber base reached 3,244, an increase of 335 compared to the beginning of the year. During 2025, the channel published approximately 3,700 materials on the economy, the banking sector, investments, government programs, and corporate news. The total number of views for the year amounted to 3.4 million, reflecting the professional audience's continued interest in the agency's analytical and news materials. Over the course of the year, ARKA News Agency ...
12/29/2025Russia obtains consular access to Samvel Karapetyan – Zakharova
... ongoing confiscation of Electric Networks of Armenia CJSC from its owner. YEREVAN, December 25. /ARКА/. The Russian government has gained consular access to Samvel Karapetyan through the Russian Embassy in Yerevan, according to Russian Foreign ... ... investment programs, violations of deadlines and procedures for connecting new subscribers, and violations of building and fire safety regulations during the construction and renovation of certain facilities. The Commission claims that ENA provided risky ...
12/26/2025Armenia imposes six-month ban on export of certain goods to non-EAEU countries
At a meeting on Thursday, the Armenian government decided to impose a temporary ban on the export of certain goods to non-EAEU countries. YEREVAN, December 25. /ARKA/. At a meeting on Thursday, the Armenian government decided to impose a temporary ban on the export of certain goods to ...
12/25/2025Armenia to Receive $1.7 Million Grant from Japan to Modernize Air Monitoring System
During a meeting on Thursday, the Armenian government sanctioned a grant agreement worth $1.7 million with Japan for "Economic and Social Development" aimed at upgrading the air monitoring system. YEREVAN, December 25. /ARKA/. During a meeting on Thursday, the Armenian government ...
12/25/2025Refugees from Karabakh offered a new social assistance program in Armenia
YEREVAN, December 25. /ARKA/. During a meeting on Thursday, the Armenian government sanctioned a new social assistance initiative aimed at specific groups of Nagorno-Karabakh refugees. YEREVAN, December 25. /ARKA/. During a meeting on Thursday, the Armenian government sanctioned a new social assistance initiative aimed at ...
12/25/2025Kaps Reservoir will be built: Pashinyan explained why he failed to fulfill his promise
... Minister Nikol Pashinyan announced today. "Tenders were conducted following international protocols with the involvement of global partners. In every nation, there are instances where significant capital projects do not meet their deadlines. The government has taken every measure to ensure the success of this program. Unfortunately, our contractor partner, who won the tender, did not meet its obligations. Consequently, the contract was terminated. We will look for a new partner to carry out the ...
12/25/2025Law on compulsory medical insurance in Armenia has entered into force;number of beneficiaries of the first stage is 1.6 million
The law introducing the compulsory medical insurance system in Armenia entered into force today; the number of beneficiaries of the first stage is 1.6 million, Health Minister Anahit Avanesyan announced at a government meeting on Thursday. YEREVAN, December 25. /ARKA/. The law introducing the compulsory medical insurance system in Armenia entered into force today; the number of beneficiaries of the first stage is 1.6 million, RA Health Minister Anahit Avanesyan ...
12/25/2025Armenia to Improve Access to Affordable Housing for Refugees and Catalyze Private Investments to Mortgage Market with World Bank Support
... housing market and bolster economic performance,” said Fabrizio Zarcone, World Bank Country Manager for Armenia. “We’re pairing near-term assistance with investments that will strengthen Armenia’s systems for years to come.” In support of the government’s Refugees Housing Support State Program, the project will deliver immediate rental assistance to over 40,000 refugees and help about 6,500 refugee households acquire permanent homes through mortgage subsidies. It will also provide financial ...
12/24/2025IMF Resident Representative in Armenia identifies main obstacles to improving the country's business environment
... environment over the past few years, but obstacles remain, said Umang Rawat, IMF Resident Representative in Armenia, in an interview with ARKA. "For example, the private sector remains constrained by a complex legal framework and a lack of digital government services," he said. Furthermore, according to Rawat, weak property and contractual rights, as well as persistent governance issues, continue to hinder investment, while harmonization with international product quality standards to promote ...
12/24/2025Unibank Completed the Placement of Its Third Issuance of Perpetual Bonds
... for AMD denominated bonds amounted to 13.75%, while the rate for USD denominated bonds was 8.3%. Coupon payments will remain unchanged during the first three years. After that, the coupon rate for dram denominated bonds will be calculated based on the government bond yield curve, while for dollar denominated bonds it will be based on the 90 day SOFR rate. After the fifth year, the bank may exercise its call option and redeem the bonds at their nominal value. “This type of bond brings a shift in thinking....
12/23/2025Armenian government’s fiscal policy is supportive of meeting priority spending needs, while preserving debt sustainability-IMF
'We see the government’s current fiscal policy as being supportive of meeting priority spending needs, while preserving debt sustainability, IMF Resident Representative in Armenia, Umang Rawat, said in an interview with the ARKA news agency. YEREVAN, December ...
12/23/2025Yerevan mayor explains delay in construction of new metro station
... the development of the transport sector, specifically for the acquisition of 45 new 12-meter trolleybuses. We expect to receive them by April-May next year,’ Avinyan stated. Regarding the budget allocations for 2026, he mentioned that the Armenian government needs to make a distinct decision concerning the tender for the construction of the "Ajapnyak" station, incorporating special conditions due to the project's substantial scale, as standard procedures do not guarantee effective oversight ...
12/23/2025EU has already provided Armenia with approximately €450 million in business and infrastructure financing
... span the entire country - from kindergartens in Yerevan to smaller initiatives in Syunik," Maragos remarked. He also mentioned that the EU is fostering a partnership with the TUMO Center for Creative Technologies, supporting non-formal education, government reforms, and initiatives aimed at developing human capital. "Support for individuals displaced from Nagorno-Karabakh is also ongoing," the ambassador added. About EU programs in Armenia Previously, Maragos indicated that the European ...
12/23/2025Implementation of reforms to improve business environment and labor market could boost growth, says IMF Resident Representative in Armenia
... to improve the business environment and labor market could also boost growth, particularly over the medium term. Q. What were the key areas of reform under the recently completed 2022-25 IMF program ; how was the reform implementation from Armenian government; what do you see as the likely longer-term impact? A. We have seen strong performance under the recently completed IMF program. Even though the economy was hit by significant external shocks, the Armenian authorities maintained fiscal discipline ...
12/22/2025Pashinyan: Development of EAEU integration must combine supranational mechanisms and sovereign decisions
... summarized the implementation of the Strategic Directions for the Development of Eurasian Economic Integration until 2025, within which significant practical experience of cooperation has been accumulated, according to the press service of the Armenian government. Integration Benchmarks "Today, we are setting benchmarks for the further development of Eurasian economic integration, building on the results achieved," Pashinyan said. He emphasized that at this stage, it is crucial to ensure a ...
12/22/2025Armenia and the UN will cooperate on sustainable development
... Armenia and the UN signed a framework document on cooperation in sustainable development for 2026–2030. The document was signed by RA Deputy Prime Minister Mher Grigoryan and the UN Resident Coordinator in Armenia, Françoise Jacob, according to the government's press service. Grigoryan emphasized that the RA government is determined to continue reforms in all the aforementioned areas and to follow this path together with Armenia's development partners. "Our new cooperation framework is fully ...
12/19/2025Alex and Holding to invest 31.1 billion drams in sugar production in Armenia
Alex and Holding plans to invest 31.1 billion drams in sugar production in Armenia. YEREVAN, December 19. /ARKA/. Alex and Holding plans to invest 31.1 billion drams in sugar production in Armenia. According to the government's decision, the company will take advantage of a customs duty exemption. The funds will be used to purchase raw materials. By 2028, the number of jobs is planned to increase from the current 762 to 880. The value of the goods submitted for ...
12/19/2025Amiryan Street in Yerevan will be repaired at a cost of 477 million drams
The Armenian government approved yesterday a plan for two-way sidewalk repairs on Amiryan Street in central Yerevan, costing 477.1 million drams. YEREVAN, December 19. /ARKA/. The Armenian government approved yesterday a plan for two-way sidewalk repairs on Amiryan ...
12/19/2025Nor Projects to Invest AMD 500 Million in Furniture Production in Armenia
"Nor Projects" plans to invest AMD 500 million in furniture production in Armenia. YEREVAN, December 19. /ARKA/. "Nor Projects" plans to invest AMD 500 million in furniture production in Armenia. By government decision, "Nor Projects" LLC will benefit from an import duty exemption as part of an investment program implemented in a priority sector. Of the AMD 500 million allocated for the investment program, AMD 80 million will be used for ...
12/19/2025Armenia and Germany intend to cooperate in the field of aviation accident investigation
..., the press service of the Armenian Ministry reported on Facebook. The cooperation is also aimed at improving civil aviation safety and preventing aviation accidents. It is noted that the German BFU will provide support to Armenia, as needed and within ... ... navigation services, and aerodrome operations. This cooperation also contributes to the implementation of Point 75 of the RA Government Action Plan for 2021–2026, namely, strengthening the institutional capacity of the authorized state body to conduct ...
12/18/2025Armenian and Russian Deputy Prime Ministers Pinpoint Areas for Enhanced Economic Collaboration
Armenian Deputy Prime Minister Mher Grigoryan and his Russian counterpart Alexey Overchuk chaired today the 24th session of the Intergovernmental Commission on Economic Cooperation between Armenia and Russia in Yerevan. YEREVAN, December 17. /ARKA/. Armenian Deputy Prime Minister Mher Grigoryan and his Russian counterpart Alexey Overchuk chaired today the 24th session of the Intergovernmental ...
12/17/2025Armenia Equalizes Lump-sum Childbirth Benefits
... to receive childbirth benefits. Khachatryan noted that the citizenship requirement will be applied starting January 1, 2026, and the equalization of payment amounts will be implemented starting September 1, 2026. The deputy minister stated that the government will be empowered to establish the payment procedures and methods. "We are talking about a complete transition to non-cash payment of pensions and benefits. This provision is expected to take effect starting April 1, 2026," Khachatryan ...
12/17/2025Armenian Parliament approves bill on mandatory health insurance; the reform will come into force in 2026
... implementation of the insurance system over a three-year period," Avanesyan said. According to her, the insurance will finance primary healthcare, emergency care, and inpatient treatment. "The specific list of services will be approved by government decision," Avanesyan added. The minister noted that the insurance is universal and will include all citizens of Armenia, but it will not cover the full range of medical needs of each individual. "It is aimed at mitigating conditions ...
12/17/2025Deadline for legalizing unauthorized constructions in Armenia extended until the end of 2026
... the legislative package aimed at regulating the legalization of unauthorized constructions, which was adopted in 2021, imposed a ban on any unauthorized constructions built after the law took effect, making them ineligible for legalization. "The government also approved the process for registering unauthorized constructions, establishing a deadline for each locality. For Yerevan, the deadline was set for the end of 2022, for urban settlements and larger communities until the end of 2023, and ...
12/16/2025Yerevan City Hall reports on progress on construction of a new landfill
... Babayan, an advisor to the Yerevan Mayor, reported on the progress of an investment program aimed at constructing a new landfill. She stated that there has been "significant progress" in this area. "We have started collaborating with the government, particularly the Ministry of Territorial Administration and Infrastructure, as well as the EBRD, to push forward Yerevan's investment program as part of the regional and national 'Integrated Waste Management Strategy,'" Babayan mentioned ...
12/15/2025Labor and Social Affairs Minister denies rumors about plans to raise the retirement age in Armenia
Armenian Minister of Labor and Social Affairs Arsen Torosyan denied rumors that the Armenian government plans to raise the retirement age. YEREVAN, December 15. /ARKA/. Armenian Minister of Labor and Social Affairs Arsen Torosyan denied rumors that the Armenian government plans to raise the retirement age. "Certain circles, under special ...
12/15/2025Yerevan authorities are preparing to purchase 250 electric buses, slated for 2026
... "We hope that by that time all the necessary documents will be ready to begin negotiations on the loan program, as well as on the program submitted to the Public Investment Committee, if approved." "If an agreement is reached with the government, procurement processes could also begin in 2026," Babayan said. It was previously reported that the Yerevan Municipality plans to purchase 250 new electric buses, replacing HIGER buses and GAZelle-City minibuses. The program's financial ...
12/15/2025Rosatom CEO Invites Pashinyan to Explore New Nuclear Technologies
...," Likhachev said. He added that the operating life of the ANPP's existing unit has been extended until 2026. The Armenian government has adopted a resolution to begin the process of extending the operation of the Armenian Nuclear Power Plant until ... ... pressurized water technologies, fast neutron reactors, and a closed nuclear fuel cycle. "This is a completely new level of safety, it's waste-free production, and it reduces uranium demand exponentially—hundredfold. This way, we'll secure our reserves ...
12/12/2025EAEU Heads of Government Determine Development of Digital Labeling
... digital labeling system for goods, the press service of the Eurasian Economic Commission (EEC) reported. "The Eurasian Intergovernmental Council considered the prospects for developing a system for labeling goods with identification tools in the Eurasian ... ... labeling system with the EEC information platform and its technological development, strengthening control over the legality and safety of goods through integration with national control systems, and refining processes to ensure the free movement of labeled ...
12/12/2025Armenia attaches particular importance to expanding the geography of the EAEU's foreign economic relations – Pashinyan
... new free trade agreements not only boosts dialogue but also aids in improving the EAEU's competitiveness, creating new avenues for economic growth for our nations," he remarked while addressing the regular expanded meeting of the Eurasian Intergovernmental Council in Moscow. Pashinyan pointed out that another crucial aspect of economic collaboration is the transport and logistics sector. "Diversifying transport infrastructure can give a further boost to increasing trade turnover," ...
12/12/2025Armenia is launching a program to establish tourist villages
The Armenian government approved a plan to create tourist villages during a meeting on Thursday. YEREVAN, December 11. /ARKA/. The Armenian government approved a plan to create tourist villages during a meeting on Thursday. The government's resolution indicates ...
12/11/2025Armenia to Receive €39 Million from EBRD for Construction of Customs and Logistics Center
On Thursday, the Armenian government approved a draft loan agreement with the European Bank for Reconstruction and Development (EBRD) for €39 million to build a customs and logistics center on the outskirts of Yerevan. YEREVAN, December 11. /ARKA/. On Thursday, the Armenian ...
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