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Unemployment rate in Armenia fell to 12.3% in the second quarter - World Bank
... and labor force participation rates at 51.2 percent and 58.3 percent, respectively. Monthly business registrations fell 3.5 percent (mom) in August, due to lower registrations by individual entrepreneurs and LLCs. In late December 2024, the Armenian government sanctioned the Employment Strategy for 2025-2031, primarily aimed at addressing unemployment. As noted by the then-Minister of Labor and Social Affairs, Narek Mkrtchyan, studies indicate that a segment of the potentially employable population ...
10/21/2025Papoyan: Armenia asked Russia to extend the period of stay for foreigners in its territory
The Armenian government has formally approached the Russian government with a suggestion to raise the legal limit on the duration of stay for foreigners in the Russian Federation from 90 days (per calendar year) to 180 days, announced Minister of Economy Gevorg Papoyan ...
10/21/2025Military service term to be reduced to one and a half years from January 1, 2026 – Pashinyan
... years," Pashinyan said. In September 2025, the Armenian Ministry of Defense submitted a draft law for public discussion proposing to shorten the length of mandatory military service by six months. The rationale for the bill notes that the Armenian government's 2021-2026 program envisages a reduction in the length of mandatory military service by increasing the length of contract service.
10/21/2025National Assembly of Armenia rejected a draft statement expressing no confidence in Nikol Pashinyan
... of Public Administration," initiated by the opposition faction "I Have the Honor." The statement expressing no confidence in Armenian Prime Minister Nikol Pashinyan, submitted by the "I Have the Honor" faction, notes that the government has failed to fulfill its obligations, allowed a systemic crisis in all spheres of government, and has become a source of new challenges for the country. Among the reasons cited are the loss of Artsakh, the failure of the national security ...
10/21/2025Armenian truck drivers block traffic at all three checkpoints on the Armenian- Georgian border
... impedes the operations of truck drivers from Armenia. The issue is that this limit is rapidly approaching expiration, and truck drivers are being added to the list of violators. Earlier tomorrow, truck drivers initially organized a protest outside the government building in Yerevan and subsequently outside the Russian Embassy. The sole land route connecting Armenia and Russia traverses Georgia along the Stepantsminda-Lars highway. Effective January 1, 2025, citizens of visa-free nations, including ...
10/21/2025Mirzoyan: Armenia may soon apply for EU membership
Armenia has a law requiring the government to seek EU membership, said Foreign Minister Ararat Mirzoyan. YEREVAN, October 20. /ARKA/. Armenia has a law requiring the government to seek EU membership, said Foreign Minister Ararat Mirzoyan. "I can't say exactly when we'll submit ...
10/20/2025Tashir Group President Samvel Karapetyan ready to spearhead newly created Mer Dzevov political party
Tashir Group President Samvel Karapetyan arrested in Armenia for public calls to overthrow the government is ready to spearhead the Mer Dzevov (In Our Way) political party, which will be created based on the popular movement of the same name. YEREVAN, October 20. /ARKA/. Tashir Group President Samvel Karapetyan arrested in Armenia for public ...
10/20/2025Armenia's draft state budget for 2026 aims to maintain macro-fiscal stability – IMF
... fiscal planning, enhance public financial management—including through robust fiscal risk management and transparency—and bolster the public investment management framework remain critical to support fiscal efforts. On September 25, the Armenian government approved the country's draft state budget for 2026. It projects GDP growth at 5.4%, revenues at 3.9 trillion drams, spending at 3.6 trillion drams, and a deficit of 537 billion drams, or 4.5% of GDP. ($1 = 382.59 drams).-0-
10/17/2025Armenia Extends Tax Exemptions for Newly Imported Electric Vehicles
At a meeting on Thursday, the Armenian government approved amendments to the Tax Code regarding tax exemptions for imported electric vehicles. YEREVAN, October 16. /ARКА/. At a meeting on Thursday, the Armenian government approved amendments to the Tax Code regarding tax exemptions ...
10/16/2025Armenian government proposes to simplify the filing of personal income tax returns
At a meeting on Thursday, the Armenian government approved amendments and additions to the Tax Code and related laws, which propose simplifying the process of declaring their income by citizens. YEREVAN, October 16. /ARКА/. At a meeting on Thursday, the Armenian government approved amendments ...
10/16/2025Truck drivers protest in Yerevan: Armenian authorities promise to address the issue of migrants' length of stay in Russia
On Thursday, Armenian truck drivers again protested outside the government building in Yerevan. YEREVAN, October 16. /ARKA/. On Thursday, Armenian truck drivers again protested outside the government building in Yerevan. They are calling on the Armenian authorities to address the current Russian limit on the length ...
10/16/2025Armenian court extends Samvel Karapetyan's pretrial detention for another month
... detention of Tashir Group president Samvel Karapetyan for another 30 days, his lawyer, Aram Vardevanyan, told reporters. "The court partially granted the investigator's motion... Samvel Karapetyan is accused of calling for the overthrow of the government—it's absurd that something said in an interview is considered a call. He was also accused of alleged economic crimes, and a few days ago, a third charge—money laundering—was added. All three charges are, of course, baseless," Vardevanyan ...
10/16/2025Armenia set to implement electronic system for state registration of property rights
... that the Cadastre Committee is actively working on the digitalization of transactions and the development of tools for the electronic signing of contracts, as well as their submission for registration through an automated system. He remarked, "The government has sanctioned specific types of contracts that can be executed at the Cadastre Committee offices and submitted for state registration without the need for notarization." Tovmasyan further explained that the system will be integrated with ...
10/15/2025Armenia needs to shift from "subsidizing sustainability" to "investing in innovation," says Director of Management Consulting at Ameria
... "creative destruction" into a contemporary theory of sustainable growth. In the context of Armenia, Jrbashyan highlighted five critical areas that require transformation in the country: 1. Realigning subsidy programs towards innovative outcomes The government subsidizes economic modernization but only considers the novelty (unused) of equipment as a criterion for modernization. Consequently, our entrepreneurs frequently acquire outdated technologies instead of the latest advancements. Stricter conditions ...
10/14/2025Establishing peace with Azerbaijan will aid in creating a stable future for Armenia – OSCE Chairperson
... and Finnish Foreign Minister Elina Valtonen conveyed her belief that achieving peace between Armenia and Azerbaijan will greatly assist in fostering a stable future for Armenia and enhancing regional cooperation. According to the press service of the government, the two discussed the normalization of relations between Armenia and Azerbaijan, the ongoing border delimitation process, and various issues pertaining to regional dynamics. Pashinyan highlighted the significance of productive collaboration ...
10/14/2025Armenia introducing out-of-court system for resolving labor disputes
... commission's examination of disputes, the involved parties will have the chance to negotiate a settlement and withdraw their application," Sargsyan remarked. The commission is set to be formed within the Health and Labor Inspectorate under the government . It will comprise three members: one representative from the Health and Labor Inspectorate, one from the National Union of Employers, and one from the Confederation of Trade Unions of Armenia. Sargsyan nderscored that the commission will function ...
10/14/2025OSCE hopes for final closure of Minsk Group on Karabakh conflict no later than December
... Washington in the presence of the US President - ed.). Valtonen emphasized the importance of solidifying this peace. "We are prepared to provide you with our full support in your endeavors. During my visit, it is essential to understand the Armenian government's strategy for enhancing civil society within the nation. We hold our bilateral relations with Armenia in high regard," Valtonen added. On the Closure of the OSCE Minsk Group On September 1, 2025, it was announced that the OSCE Ministerial ...
10/14/2025UK lifts arms embargo on Armenia and Azerbaijan - Minister of State Doughty
... peace, which is key to ensuring lasting peace and stability in the region, according to a statement from Stephen Doughty, Minister of State for Europe and North America. He noted that in light of this progress and in support of the peace process, the UK government has decided to upgrade its bilateral relations with Armenia and Azerbaijan to a strategic partnership. "Given the significant progress made in advancing peace and the historic outcome of President Trump's recent summit in Washington, the ...
10/14/2025Cybersecurity and Investments: A Conversation with Apricot Capital Executive Director Vachik Gevorgyan
... see promises of high, "guaranteed," and "safe" returns, we should ask ourselves if such a "safe" investment is realistic. In the world of investments, risk and return are interlinked. Typically, safe investments, such as government bonds, offer lower returns than higher-risk instruments, like stocks, futures, and options. Therefore, one must remain vigilant when encountering online offers that promise "safe" and "guaranteed high returns." Under no ...
10/13/2025Truck drivers protest outside the Armenian government building
On Monday, truck drivers in Armenia staged a protest in front of the Armenian government building, calling for a solution to the restrictions on the duration of stay in Russia for specific categories of migrants. YEREVAN, October 13. /ARKA/. On Monday, truck drivers in Armenia staged a protest in front of the Armenian government ...
10/13/2025NVIDIA's Vice President Discusses Advantages of Establishing $500 Million AI Center in Armenia
... pursuing significant agreements globally to secure access to computing resources. We will be positioned to offer this power to anyone in need, regardless of their location," Lebaredyan stated. About $500 million data center initiative The Armenian government, along with NVIDIA, Firebird, and Team Group, is collaborating to establish the most advanced supercomputer and data center in the region, utilizing artificial intelligence (AI) technologies. The $500 million AI data center initiative in Armenia ...
10/13/2025$750 million to be invested in development of Amulsar mine in Armenia
... provide annual payments of $7 million to the residents of the Vayk, Sisian, and Jermuk communities surrounding Amulsar. Papoyan was joined by Vayots Dzor Governor Vahagn Arsenyan, Deputy Minister of Economy Edgar Zakaryan, and Gnel Sanosyan, the Armenian government's representative on the Lydian Armenia Board of Directors. In December 2024, Lydian Armenia transferred 12.5% of its shares to the Armenian government at no cost. About the Amulsar deposit The Amulsar gold deposit ranks as the second largest ...
10/11/2025Pashinyan and Rahmon discussed steps to intensify trade and economic relations between Armenia and Tajikistan
... meeting in Dushanbe. YEREVAN, October 10. /ARKA/. Armenian Prime Minister Nikol Pashinyan and Tajik President Emomali Rahmon exchanged views on further steps to give new impetus to trade and economic relations at a meeting in Dushanbe. According to the government press service, Pashinyan noted that the Armenian authorities attach importance to expanding and deepening multi-sectoral ties with Tajikistan. Rahmon stated that today's meeting is a good opportunity to discuss issues on the agenda aimed at ...
10/10/2025Pashinyan expresses Armenian authorities' interest in implementing EU standards in all areas
... a meeting in Brussels with EU Commissioner for Enlargement Marta Kos, Armenian Prime Minister Nikol Pashinyan commended the EU's unwavering support for the successful execution of institutional reforms within the country and highlighted the Armenian government's commitment to adopting EU standards across all sectors. YEREVAN, October 9. /ARКА/. During a meeting in Brussels with EU Commissioner for Enlargement Marta Kos, Armenian Prime Minister Nikol Pashinyan commended the EU's unwavering ...
10/09/2025Armenian government improves terms of subsidized grape purchases
At a meeting on Thursday, the Armenian government revised the terms of interest rate subsidies on loans provided for the purchase of grapes in 2025. The decision provides for budget guarantees for the remaining collateral for loans obtained by economic entities for these purposes. YEREVAN,...
10/09/2025Pashinyan: South Caucasus ready to unlock its potential and become part of the global connectivity system
... developing not only infrastructure but also digital and energy connections," Pashinyan said. According to him, with the establishment of peace between Armenia and Azerbaijan and positive momentum in Armenian-Turkish normalization, the Armenian government's "Crossroads of Peace" project is being realized, holding full potential to change the dynamics not only in the South Caucasus but also beyond. During the summit in Washington on August 8, attended by US President Donald Trump, Armenia ...
10/09/2025Commercial whitefish catch volume from Lake Sevan in Armenia increased by 620 tons
At a meeting on Thursday, the Armenian government decided to increase the commercial whitefish catch volume from Lake Sevan by 620 tons, bringing the permissible limit for the current season (until the end of 2025) to 1,123 tons. YEREVAN, October 9. /ARKA/. At a meeting on Thursday, the Armenian ...
10/09/2025Armenian Prime Minister to Attend CIS Summit in Dushanbe
... attend the CIS Heads of State Summit. YEREVAN, October 9. /ARKA/. Armenian Prime Minister Nikol Pashinyan will be in Tajikistan on a working visit from October 9-10 to attend the CIS Heads of State Summit. Information about the visit is contained in a government decision published on the e-gov.am website. The delegation, led by the Prime Minister, also includes Deputy Prime Minister Mher Grigoryan, Foreign Minister Ararat Mirzoyan, his deputy Mnatsakan Safaryan, as well as Armenian Ambassador to Tajikistan ...
10/09/2025Armenian government will partially compensate farmers for hail damage
During a meeting on Thursday, the Armenian government resolved to provide partial compensation to farmers for hail damage occurring in 2024-2025. YEREVAN, October 9. /ARКА/. During a meeting on Thursday, the Armenian government resolved to provide partial compensation to farmers for hail ...
10/09/2025Armenia Charts Path Towards Green Economy
On Tuesday, a meeting chaired by Armenian Prime Minister Nikol Pashinyan looked into a draft framework strategy for the development of green, sustainable, and circular economy, along with the accompanying action plan, the government press service reported. YEREVAN, October 8. /ARКА/. On Tuesday, a meeting chaired by Armenian Prime Minister Nikol Pashinyan looked into a draft framework strategy for the development of green, sustainable, and circular economy, along with ...
10/08/2025Pashinyan commends Putin's role in enhancing relationship between Armenia and Russia
On Tuesday, Armenian Prime Minister Nikol Pashinyan engaged in a telephone call with Russian President Vladimir Putin, as reported by the Armenian government press service. YEREVAN, October 7. /ARКА/. On Tuesday, Armenian Prime Minister Nikol Pashinyan engaged in a telephone call with Russian President Vladimir Putin, as reported by the Armenian government press service. Pashinyan extended ...
10/07/2025Some $500 million planned for expansion of Zvartnots Airport in Yerevan
... annually, while the original terminal was designed for only 3-4 million passengers, making expansion essential for ensuring safety, comfort, and efficiency for all travelers. According to Wende, Armenia is welcoming to business and possesses potential ... ... Airport is managed by Armenia International Airports CJSC under a 30-year concession agreement established with the Armenian government in 2001. The company also oversees Gyumri's Shirak Airport.-0-
10/06/2025Archbishop Mikael Ajapahyan sentenced to two years in prison
... which was the basis for Archbishop Mikael Ajapahyan's trial. Zohrabyan asserted that his client did not engage in any actions that would fall under either Articles 442 or 424 of the Criminal Code. "Mikael Ajapahyan did not advocate for a change in government or the overthrow of the constitutional order. The accusations against him represent merely an expression of his opinion and cannot be classified as a call to action," he stated. Zohrabyan confirmed his plans to appeal the ruling, and Ajapahyan's ...
10/03/2025Pashinyan: Armenia's strategic goal is to transition from raw ore exports to finished product production
... producing finished products. YEREVAN, October 3. /ARKA/. Prime Minister Nikol Pashinyan called Armenia's strategic goal the transformation from a country primarily exporting raw ore to one producing finished products. "Close cooperation between the government and mining companies is essential in this regard," he noted at the Mining Armenia Forum. According to the Prime Minister, the sector must be developed in a way that maximizes the ore processing chain and brings it to the final product....
10/03/2025U.S. Customs and Border Protection mission arrives in Armenia to evaluate and enhance border security
... Armenia's infrastructure and border security, including through investments, resources, training, and partnerships between the two nations. Cooperation is anticipated in the following domains: fortifying Armenia's border security through training, U.S. government resources, and best practices from the U.S. Department of Homeland Security's Customs and Border Protection; boosting investment in cyber defense operations; and facilitating investments in modernizing Armenia's infrastructure, particularly ...
10/03/2025Armenia preparing to host 8th European Community Summit - Pashinyan
... Minister Nikol Pashinyan during the closing session of the 7th European Community Summit in Copenhagen. "In the upcoming months, we will present new ideas and initiatives aimed at further enhancing and revitalizing the European Community," the government press service reported the prime minister's remarks. Pashinyan indicated that Armenia is gearing up to host the next, 8th, summit in Yerevan, building upon the achievements of previous European Community summits. "Hosting the 8th European ...
10/03/2025Armenia's mining sector faces significant opportunities and challenges – Pashinyan
... Armenia Forum. "When we talk about Armenia's mining sector, we primarily mean the exploitation of metal mines, as over 95% of the sector is related to metal mine exploitation. However, even in this reality, there are challenges. In this context, the government faces very serious problems, particularly in the exploitation of non-metal mines," he noted. According to the prime minister, Armenia, often referred to as the "country of stones," is experiencing a stone shortage: stone is imported ...
10/03/2025Presidents of European Council and European Commission convey their endorsement of Armenia's democratic and economic reforms
... Prime Minister Nikol Pashinyan, European Council President António Costa and European Commission President Ursula von der Leyen articulated their support for Armenia's agenda of democratic and economic reforms. According to the press service of the government, the meeting took place on the sidelines of the 7th European Political Community Summit in Copenhagen, where they also reiterated the EU's steadfast support for Armenia's sovereignty and territorial integrity. Pashinyan expressed his appreciation ...
10/02/2025Armenian government approves €15.6 million technical cooperation agreement with Germany
During a meeting on Thursday, the Armenian government sanctioned a technical cooperation agreement with Germany. YEREVAN, October 2. /ARКА/. During a meeting on Thursday, the Armenian government sanctioned a technical cooperation agreement with Germany. "Armenia is keen on enhancing and ...
10/02/2025Armenian government decreasing state subsidies for supporting greenhouse development
The Armenian government will persist with its initiative to promote greenhouse development, reducing the subsidy rate by 2%. YEREVAN, October 2. /ARКА/. The Armenian government will persist with its initiative to promote greenhouse development, reducing the subsidy ...
10/02/2025Armenian Prime Minister and Azerbaijani President agree to continue contacts to strengthen peace between the two countries
... European Political Community Summit. YEREVAN, October 2. /ARКА/. Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev met in Copenhagen on the sidelines of the 7th European Political Community Summit. According to the Armenian government's press service, the parties emphasized the importance of the agreements reached at the Washington Peace Summit, initiated by US President Donald Trump. They reaffirmed their readiness to continue working to further strengthen peace between ...
10/02/2025Armenian Prime Minister departs for Denmark for European Political Community Summit
... take place on October 2. YEREVAN, October 1. /ARKA/. Armenian Prime Minister Nikol Pashinyan departed for Denmark on Wednesday to participate in the European Political Community Summit, which will take place on October 2. According to the Armenian government's press service, Pashinyan is also scheduled to hold bilateral meetings with international partners in Copenhagen.
10/02/2025Armenia is revising its bankruptcy legislation
The government of Armenia is currently revising its bankruptcy legislation, announced Justice Minister Srbuhi Galyan. YEREVAN, October 1. /ARКА/. The government of Armenia is currently revising its bankruptcy legislation, announced Justice Minister ...
10/01/2025Armenia currently choosing partner country for construction of new modular nuclear power plant, says PM
... this issue with everyone. Discussions are currently underway with the United States, Russia, China, France, and South Korea. We do not see a political component; the choice will be made based on economic considerations," Pashinyan said during a government Q&A session in parliament. According to him, Armenian experts should visit these countries and make a decision, but an agreement regarding the new nuclear power plant must be concluded within one to two years. "The decision will not have ...
10/01/20251,600,000 Armenian residents will be included in the mandatory health insurance system in 2026 – Minister
... health insurance will cover preventive care, screenings, treatment at a medical center, medications (up to 50,000 drams per day), and ambulance services. "The list of illnesses and surgeries covered by the health insurance will be approved by the government, but it will include the most common ones, as well as those with the highest mortality rates," Avanesyan said, without providing details. As for whether the healthcare infrastructure will be able to withstand a surge in the number of people ...
10/01/2025Pashinyan announces a conference for Nagorno-Karabakh refugees
The government of Armenia is in the process of organizing a conference for Karabakh refugees shortly, as stated by Prime Minister Nikol Pashinyan. YEREVAN, September 30. /ARКА/. The government of Armenia is in the process of organizing a conference ...
09/30/2025Armenian Prime Minister declares at PACE that the country has never been more independent
... currently more independent and sovereign than ever before. "During the snap parliamentary elections in 2021, the populace entrusted us (the mandate - ed.) with the responsibility to foster peace in Armenia. This commitment has been enshrined in the government's program for 2021-2026 as our foremost obligation to the citizens. Today, peace has been established between Armenia and Azerbaijan," Pashinyan remarked while addressing PACE. He noted that this achievement is not solely the result of ...
09/30/2025Armenia's state budget deficit reached 0.6% of projected GDP in January-July - WB
... decreased by 4.8%. "This was due to a 42.7% decline in capital expenditures, driven by a 39.1% drop in defense spending. Specifically, education spending increased by 19.7% due to the construction and rehabilitation of schools, as planned in the government's Five-Year Program (2021–2026). Current expenditures increased by 4.7%, primarily due to subsidies (a 21.3% increase)," the report notes. According to the Armenian Ministry of Finance, the state budget for the first half of 2025 was ...
09/30/2025Unemployment rate in Armenia fell to 14% in the first quarter - WB
... 2024, while the employment and labor force participation rates stood at 50.1 percent and 58.2 percent, respectively, according to the World Bank's "Armenia Monthly Economic Update – September 2025." At the end of December 2024, the Armenian government approved the Employment Strategy for 2025-2031, the main goal of which is to combat unemployment. As then-Minister of Labor and Social Affairs Narek Mkrtchyan noted, the study shows that a portion of the potentially employable population is ...
09/30/2025Armenia's trade turnover with CIS countries amounted to $4 billion in the first half of the year, showing a decline – Mher Grigoryan
... between Armenia and the CIS countries amounted to approximately $4 billion, a slight decline compared to the same period last year, said Armenian Deputy Prime Minister Mher Grigoryan, speaking remotely at a regular meeting of the Council of CIS Heads of Government. YEREVAN, September 30. /ARKA/. In the first half of this year, trade turnover between Armenia and the CIS countries amounted to approximately $4 billion, a slight decline compared to the same period last year, said Armenian Deputy Prime Minister ...
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