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EU 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 ...
12/11/2025Armenia to host prestigious wine tasting competition "Concours Mondial de Bruxelles 2026"
... to take place in Armenia in 2026. YEREVAN, December 11. /ARKA/. The renowned international wine competition, the "Concours Mondial de Bruxelles 2026," is set to take place in Armenia in 2026. During a meeting on Thursday, the Armenian government sanctioned a budget of 883.76 million drams (over $2.3 million) for organizing the event. Of this amount, 684 million drams will be sourced from the 2026 state budget, while the rest will be provided by sponsors and international partners. ...
12/11/2025Armenia will receive €70.4 million from IBRD to improve irrigation services and water supply
During a meeting on Thursday, the Armenian government approved a bill to ratify a loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank division) for €70.4 million aimed at enhancing irrigation services and water supply in Armenia under the "Phase ...
12/11/2025Unibank Issues a New Tranche of Perpetual Bonds with 13.75% Coupon
... significantly exceeded the supply, which prompted the issuance of a new tranche. Coupon payments on the perpetual bonds will be made quarterly. For the first three years, the rate will remain fixed, after which it will be calculated based on the three-month government bond yield curve plus 6.5%. After a five-year period, the bank may apply a call option and repurchase the bonds at par value. The introduction of this new instrument is an important milestone in the Armenia’s capital market, providing investors ...
12/11/2025The Armenian government will allocate 2.8 billion drams for 27 subsidy programs in the regions
At a meeting on Thursday, the Armenian government approved the allocation of 2.8 billion drams to co-finance subsidy programs in the regions for infrastructure development. YEREVAN, December 11. /ARKA/. At a meeting on Thursday, the Armenian government approved the allocation of 2.8 billion ...
12/11/2025Port of Hamburg is interested in the "Dry Port" project in Gyumri - Pashinyan
...," Pashinyan told reporters in Hamburg. According to him, following discussions with local businessmen, significant issues were discussed and an agenda was established. "Dry Port" in Gyumri It was previously reported that the Armenian government plans to invest $37 million in it. According to the project, the "dry port" will be adjacent to Shirak International Airport, the railway, and the North-South transport corridor. It will include an airport with free economic zone ...
12/11/2025Armenia's cooperation with EU does not hinder peace process with Azerbaijan – Foreign Ministry
... on April 4. Prime Minister Nikol Pashinyan stated that Armenia does not plan to sever economic ties with the Eurasian Economic Union and Russia, but is pursuing economic diversification and aims to increase trade with the European Union. The head of government also noted that the beginning 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 ...
12/10/2025The Armenian-American joint venture TRIPP Company will implement the Trump Route project – Pashinyan
.... We will move to the implementation and construction phase next year," he said, speaking at the German Council on Foreign Relations. The Prime Minister stated that the implementation of this project, which is fully consistent with the Armenian government's "Crossroads of Peace" initiative, will create additional interconnections and interdependencies in the region, becoming another important factor in promoting peace. "In fact, the TRIPP project, along with the opening of communications ...
12/10/2025Armenia interested in taking partnership with Germany to a new level – Pashinyan
... Frank-Walter Steinmeier. YEREVAN, December 9. /ARKA/. Armenia is interested in taking its partnership with Germany to a new level, stated Armenian Prime Minister Nikol Pashinyan during a meeting with German President Frank-Walter Steinmeier. According to the government's press service, Pashinyan noted that Germany is a key ally of Armenia both bilaterally and within the framework of its partnership with the EU. He noted that both countries share a common commitment to human rights, democracy, and the rule ...
12/09/2025Armenia has made no progress in the fight against corruption over the past year – Transparency International
... are the most visible achievements, whereas only 3% of respondents identified the effectiveness of anticorruption measures as an accomplishment. At the same time, only 4% of those surveyed stated that the failure to combat corruption constitutes the government’s greatest shortcoming. These figures demonstrate that the public is largely uninformed about and disengaged from the fight against corruption. “The lack of effectiveness in recent reform efforts in Armenia is reflected not only in indicators ...
12/09/2025Armenia welcomed 2.24 million tourists in 11 months
... year came from Russia (874,115 individuals, or 41%), followed by Georgia (264,783 individuals, 13%), and Iran (166,318 individuals, 8%). As part of the Strategic Program for Tourism Development for 2026–2030, which has been crafted by the Armenian government, there are plans to boost the annual tourist visits to 3 million.-0-
12/08/2025Reconstruction of Cascade cultural hub in Yerevan estimated to cost approximately $70 million, according to mayor
... the community as property for operation by the investor," Tevanyan noted. Yerevan Mayor Tigran Avinyan recently announced the actual start of the program to complete (reconstruct) the Cascade architectural complex. In October 2025, the Armenian government approved the investment program of GTB Development, which won the tender for the completion of the Cascade. The company plans to invest 20 billion drams in the project and pay the Yerevan Municipality an additional 10.5 billion drams for the ...
12/08/2025Armenia has developed a strategic program for tourism development in the country for 2026–2030
The government's strategic program for tourism development in the country for 2026–2030 aims to increase the number of tourists visiting the country to 3 million annually, up from 2.2 million in 2024. YEREVAN, December 5. /ARKA/. The government's strategic ...
12/05/2025Armenian Parliament adopts draft law on mandatory health insurance in first reading
... and from 2028, the remaining groups, including those employed in agriculture and their families, will be included. "Insurance will finance primary care, emergency care, and inpatient treatment. The specific list of services will be approved by government decision," Avanesyan said. 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 for each individual. "It is aimed at mitigating conditions ...
12/04/2025The Prosecutor General's Office of Armenia has returned $174.5 million in assets and funds to the state
... drams (over $174.5 million) to the state. "The assets that have been returned consist of three kindergartens, a community center, a stadium, a natural monument, parks, land plots, and funds," Prosecutor General Anna Vardapetyan stated during a government meeting on Thursday. She highlighted a 1.92-hectare land plot located in the village of Sayat-Nova within the Masis community of the Ararat region (designated for the Ministry of Defense) and 0.1 hectares adjacent to the "Symphony of Stones" ...
12/04/2025Unibank Issues the First in Armenia Perpetual Bonds
... extended cash flows. Coupon payments will be made quarterly. During the first three years, the yield will remain fixed; thereafter, it will be recalculated based on the 90-day SOFR rate plus 4% for USD bonds, and for AMD bonds—based on the three-month government bond yield curve plus 6.5%. After the fifth year, the bank may exercise its call option and redeem the bonds at par value. Unibank is one of the most active participants of the stock exchange and continues to act as a pioneer among corporate ...
12/04/2025Mirzoyan calls on civil society representatives in Armenia and Azerbaijan to "engage in dialogue and patience to build trust"
... opening of the Eastern Partnership Civil Society Forum summit in Brussels, Mirzoyan noted that Armenia has long stated that our region needs sustainable peace. "For many years, we have faced mistrust and serious challenges. Nevertheless, the Armenian government remained steadfast in its conviction that the only guarantee of the country's sovereignty, its territorial integrity, and the well-being of its citizens is peaceful coexistence with its neighbors. The signing of the Washington Declaration of ...
12/03/2025Foreign Minister announces new level of country's partnership with EU
... process of accession of the Republic of Armenia to the European Union." "And here I want to emphasize the role of civil society, as the law was a civic initiative and clearly reflected the aspirations of Armenian citizens. The fact that the government and parliamentary majority supported this initiative demonstrates that we share a common vision—bringing Armenia closer to the EU. This symbolizes that the path to Europe in Armenia is not only government policy but also a societal choice,...
12/03/2025Armenian Prime Minister explains why Key West Accords have not been published
Armenian Prime Minister Nikol Pashinyan explained why the Key West Accords (on the Nagorno-Karabakh issue, dating back to 2001 - ed.) have not been published on the government's website along with other documents on the Armenian-Azerbaijani negotiations. YEREVAN, December 3. /ARКА/. Armenian Prime Minister Nikol Pashinyan explained why the Key West Accords (on the Nagorno-Karabakh issue, dating back to 2001 ...
12/03/2025Armenian government prioritizes development of domestic aviation, says Prime Minister
The enhancement of domestic aviation ranks high among the government's key initiatives, with considerations being made for options in Armenia's regions, stated Prime Minister Nikol Pashinyan on Wednesday. YEREVAN, December 3. /ARКА/. The enhancement of domestic aviation ranks high among the government's ...
12/03/2025Armenia aims for $12 labor productivity - Papoyan
... YEREVAN, December 3. /ARKA/. Armenia aims to achieve a labor productivity target of $12 per working hour by 2026, stated Economy Minister Gevorg Papoyan. "Our labor productivity used to be $5, now it's $11 (for 2024 - ed.)," Papoyan said during government question-and-answer session in parliament. He noted that the Armenian government attaches great importance to stimulating productivity. "Three productivity support programs worth over $1.5 billion have been implemented. Tens of thousands ...
12/03/2025Nagorno-Karabakh negotiations were not aimed at resolving the conflict – Pashinyan
The entire negotiation process for the Nagorno-Karabakh conflict was aimed at keeping Armenia and Azerbaijan "in a trap," said Armenian Prime Minister Nikol Pashinyan during a government Q&A session in parliament on Wednesday. YEREVAN, December 3. /ARKA/. The entire negotiation process for the Nagorno-Karabakh conflict was aimed at keeping Armenia and Azerbaijan "in a trap," said Armenian Prime Minister Nikol ...
12/03/2025Turkey Weighs Opening Armenia Border that’s Shut Since the 90s
... move by Ankara cannot be too closely linked to the Armenian election,” said Richard Giragosian, the director of Yerevan-based Regional Studies Center. “Pashinyan has to be careful and cautious in not being seen as too closely tied to the Erdogan government,” while taking credit for progress in normalization with Turkey. If Turkey agrees to open its border, businesses on both sides of the sleepy frontier stand to gain. In December 2021, Armenia and Turkey appointed their envoys for the normalization ...
12/03/2025"Textile Industry Operator" Fund to Promote Armenian Brands in Foreign Markets
... sustainable development of this industry requires a systematic approach, innovative solutions, and effective mechanisms for cooperation between the public and private sectors. To this end, the "Textile Industry Operator" Fund was established by a government decision dated July 24, 2025," he said. The Deputy Minister also emphasized that the Fund is tasked with implementing industry policies, localizing international experience, implementing state support programs, and promoting Armenian textile ...
12/03/2025The Armenian government has allocated 150 billion drams for the development of the military industry by 2028
The Armenian government has decided to continue the policy of three-year contracts aimed at developing the military industry, allocating over 150 billion drams for 2026-2028, announced Minister of High-Tech Industry Mkhitar Hayrapetyan. YEREVAN, December 3. /ARKA/....
12/03/2025OVIO Data Center and IDBank Launch Strategic Partnership
... processing center is the largest in Armenia and was put into commercial operation in 2024 in the town of Abovyan, Kotayk region. Given its strategic importance for the country, the investment program of the data processing center has been approved by the Government of the Republic of Armenia and included in the “Infrastructure for Investments” program of the Ministry of Economy. The capacity of the data processing center is 2 MW. It is connected to the Armenian energy system by 2 substations with ...
12/02/2025Armenia to extend VAT exemption on imported electric vehicles for another year
... passage of the bill will foster favorable conditions for encouraging the purchase and use of electric vehicles, as well as for achieving green economy objectives," Papoyan stated. He added that the proposed incentives are completely in line with government policy, including the recently adopted green taxonomy and strategic program for a green and sustainable economy. "These incentives will also aid in the development of essential infrastructure, attract additional investments in the sector,...
12/02/2025European Commissioner: Keeping Armenian airlines on the EU's "blacklist" is a technical matter
... perspective," and has therefore offered Armenia special assistance through the Twinning process, which will then be financed. "This is a special tool through which experts from EU member states with experience in this field will assist your government in this matter," Kos stated. Since 2020, all air carriers certified in Armenia have been included on the EU Air Safety List due to insufficient aviation safety controls. This means they are banned from operating scheduled flights to EU countries (with the exception of evacuation, humanitarian, and medical flights). Over the past few years, significant progress ...
12/02/2025Armenian government will adopt economic policy doctrine in 2026 – Pashinyan
The Armenian government is set to approve an economic policy doctrine, when it holds its first meeting in 2026, Prime Minister Nikol Pashinyan announced last Saturday while addressing the second conference on improving the business environment through dialogue in ...
12/01/2025By 2029, majority of Armenia's population will be covered by compulsory health insurance: Minister
... the system, and from 2028, the remaining groups, including those employed in agriculture and their families. "Insurance will finance primary healthcare, emergency care, and inpatient treatment. The specific list of services will be approved by government decision," Avanesyan noted. As previously noted, in 2026—the first stage of the transition to a universal health insurance system (2026-2028)—1.7 million Armenian residents will be covered by the system. For these residents, 100% of ...
11/28/2025Investment policy monitoring and evaluation system will be implemented in Armenia
At a meeting on Thursday, the Armenian government decided to develop and implement an investment policy monitoring and evaluation system. YEREVAN, November 27. /ARКА/. At a meeting on Thursday, the Armenian government decided to develop and implement an investment policy monitoring and ...
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