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Armenia's service sector grows 6.3%, exceeds 3 trillion drams
The volume of the service sector in Armenia for January-November 2024 amounted to 3,026,624.6 million drams (in current prices), reflecting a 6.3% increase compared to the same period in 2023, according to the National Statistical Committee of the country. YEREVAN, January 15. /ARKA/....
01/15/2025Armenia and US strengthen economic and energy cooperation: Strategic partnership roadmap
The United States supports Armenia’s efforts to integrate into the global economy, according to the Charter on Strategic Partnership between the two countries signed in Washington on January 14. YEREVAN, January 15. /ARKA/. The United States supports Armenia’s efforts to ...
01/15/2025State Department calls Yerevan-Washington Charter "key milestone" in relations
U.S. Secretary of State Antony Blinken and Armenian Foreign Minister Ararat Mirzoyan signed the U.S.-Armenia Charter on Strategic Partnership in Washington, marking a significant milestone in the strengthening U.S.-Armenia relations, according to a statement by U.S. State Department Press Secretary ...
01/15/2025Armenia's domestic trade turnover exceeds 5.6 trillion drams, up 18%
Armenia’s domestic trade turnover for January-November 2024 reached 5,603,922.3 million drams (at current prices), marking an 18% increase compared to the same period in 2023, according to the National Statistical Committee of the country. YEREVAN,...
01/15/2025Mirzoyan and Blinken sign Charter on Strategic Partnership between Armenia and the USA
On January 14, in Washington, Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a meeting with the US Secretary of State Antony Blinken. YEREVAN, January 15. /ARKA/. On January 14, in Washington, Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a meeting with the US Secretary ...
01/15/2025Construction sector in Armenia up 14.9% in 11 months to AMD 567bn
Armenia's construction sector in January-November 2024 grew by about %15% year-on-year to over 567 billion drams (in current prices), according to the National Statistical Committee. YEREVAN, 14 January. /ARKA/. Armenia's construction sector in January-November ...
01/14/2025Electricity generation in Armenia in January-November increased by 5.9% to 8.4 billion kWh
Over 8.4 billion kWh of electricity was generated in Armenia in January-November 2024, which is 5.9% more than in the same period of 2023, according to the National Statistical Committee. YEREVAN, 14 January. /ARKA/. Over 8.4 billion kWh of electricity was generated in Armenia in January-November 2024,...
01/14/2025Some 130 companies suspended in Armenia in 2024, fines for 182 million drams issued - regulator
In 2024, administrative penalties to the tune of 182 million drams were imposed in Armenia, and operation of 130 business entities were suspended, according to Armen Danielyan, head of the Food Safety Inspectorate. YEREVAN, 14 January. /ARKA/. In 2024, administrative penalties to the tune of 182 million drams were imposed in Armenia,...
01/14/2025Armenian industrial output in 11 months increased by 7.6%, up to 2.7 trillion drams
Armenia's industrial output in January-November 2024 totalled about 2.7 trillion drams, (in current prices), increasing by 7.6% compared to the same period of 2023. the National Statistical Committee said. YEREVAN, 14 January. /ARKA/. Armenia's industrial ...
01/14/2025Armenian political scientist assesses challenges of Armenia-US partnership under Trump
Armenian political scientist and director of the Center for American Studies, Suren Sargsyan, assessed the significance of the launch of the Armenian-American strategic partnership, which involves deepening relations in several areas. YEREVAN, January ...
01/14/2025Ameriabank Raises $200 Million from IFC, Marking the Largest Transaction by IFC ever with a Financial Institution in Armenia
Ameriabank has signed a $200 million long-term loan agreement with the International Finance Corporation (IFC) to support climate finance initiatives, micro, small, and medium enterprises (MSMEs), and women-owned MSMEs in Armenia. YEREVAN, January 14. /ARKA/. Ameriabank has signed a $200 million long-term loan agreement with the International Finance Corporation (IFC) to support climate finance initiatives, micro, small, and medium enterprises (MSMEs), and women-owned ...
01/14/2025Sergey Lavrov calls the process of joining the EU a sovereign decision of Armenia
Armenia's decision to begin the process of joining the EU is a sovereign choice, but it is important to weigh all the pros and cons, said Russian Foreign Minister Sergey Lavrov at a press conference on the results of Russian diplomacy in 2024. YEREVAN,...
01/14/2025Head of Russian Foreign Ministry calls today's relations with Armenia difficult
Russian-Armenian relations are not simple at this stage, said Russian Foreign Minister Sergey Lavrov. YEREVAN, January 14. /ARKA/. Russian-Armenian relations are not simple at this stage, said Russian Foreign Minister Sergey Lavrov. "As for today's relations,...
01/14/2025No constitutional obstacles for peace with Azerbaijan, but new text needed before Elections – Justice Ministry
A new text of the Constitution of Armenia will be required before the 2026 parliamentary elections, stated Armenian Minister of Justice Srbuhi Galyan. YEREVAN, January 14. /ARKA/. A new text of the Constitution of Armenia will be required before the 2026 parliamentary elections, stated ...
01/14/2025Moscow declares Yerevan's right to relations "in all directions"
Armenia's decision to sign a strategic partnership agreement with the United States is an entirely sovereign right of "our Armenian friends," said Dmitry Peskov, the press secretary of the Russian president. YEREVAN, January 14. /ARKA/. Armenia's ...
01/14/2025Armenian justice minister on building new prison
Discussions on the construction of a new penal institution in Armenia are currently ongoing, said Armenian Justice Minister Srbuhi Galyan. YEREVAN, January 14. /ARKA/. Discussions on the construction of a new penal institution in Armenia are currently ongoing, said Armenian Justice Minister Srbuhi Galyan. ...
01/14/2025No New Cases of Metapneumovirus in Armenia, Situation Under Control – Health Minister
There were no new cases of metapneumovirus in December 2024, and no infections have been recorded in Armenia in 2025, stated Armenian Health Minister Anahit Avanesyan. YEREVAN, January 14. /ARKA/. There were no new cases of metapneumovirus in December 2024, and no infections have been recorded in Armenia in 2025, stated Armenian Health Minister Anahit ...
01/14/2025EU and Armenia are now "closer than ever" - EU official
The European Union and Armenia are now closer than ever, said Anwar El-Anouni, the EU's foreign policy and security spokesman, commenting on the decision taken by the Armenian government to begin the process of joining the EU. YEREVAN, January 14. /ARKA/. The European Union ...
01/14/2025Armenia and USA to sign strategic partnership document
Armenia’s Foreign Minister Ararat Mirzoyan and US Secretary of State Antony Blinken will sign a document on strategic partnership between Armenia and the United States. YEREVAN, January 14. /ARKA/. Armenia’s Foreign Minister Ararat Mirzoyan ...
01/14/2025Most violations in Armenia are committed in construction of schools - Urban Development Committee
Developers in Armenia commit the most violations in the construction of schools, Chairman of the Urban Planning Committee Yeghiazar Vardanyan said on Monday. YEREVAN, 13 January. /ARKA/. Developers in Armenia commit the most violations in the construction of schools,...
01/13/2025Central Bank expects continuation of rate cuts in Armenia in the first half of 2025
In the first half of 2025, a string of rates in Armenia are expected to be cut amid the current refinancing rate of 7%, Deputy Chairman of the Central Bank Hovhannes Khachatryan said. YEREVAN, 13 January. /ARKA/. In the first half of 2025, a string of rates in Armenia are expected to be cut amid ...
01/13/2025Nominal wage in Armenia increased by 6.6% to 280.2 thousand drams in January-September 2024 – Ministry of Finance
The nominal salary in Armenia increased by 6.6% in January-September 2024, reaching 280,256 drams, said Armenian Finance Minister Vahe Hovhannisyan. YEREVAN, January 13. /ARKA/. The nominal salary in Armenia increased by 6.6% in January-September 2024, reaching 280,256 drams,...
01/13/2025Armenian finance minister highlights key drivers of economic growth in 2024
The 8.7% growth in economic activity in Armenia in January-September 2024 is attributed to growth in the sectors of essential services, trade, and industry, said Finance Minister Vahe Hovhannisyan. YEREVAN, January 13. /ARKA/. The 8.7% growth in economic activity in Armenia in January-September ...
01/13/2025Armenia's export and import growth in 9 months of 2024 driven by increase in gold re-exports – Finance Ministry
The growth in exports and imports of Armenian goods from January to September 2024 is primarily due to the significant increase in gold re-exports, said Armenian Finance Minister Vahe Hovhannisyan. YEREVAN, January 13. /ARKA/. The growth in exports and imports of Armenian goods from ...
01/13/2025Armenian PM expresses solidarity with California wildfire victims
Armenian Prime Minister Nikol Pashinyan expressed solidarity with the victims of the California wildfires. YEREVAN, January 13. /ARKA/. Armenian Prime Minister Nikol Pashinyan expressed solidarity with the victims of the California wildfires. “Our ...
01/13/2025EAEU or EU: Armenia's foreign trade indicators amid plans for a European turnaround
On January 9, the Armenian government approved the draft law "On the beginning of the process of Armenia’s accession to the European Union." YEREVAN, January 13. /ARKA/. On January 9, the Armenian government approved the draft law "On the beginning ...
01/13/2025More than 2.2 million tourists visited Armenia in 2024 - Papoyan
Armenian Economy Minister Gevorg Papoyan presented data on tourist visits for the past year. YEREVAN, January 13. /ARKA/. Armenian Economy Minister Gevorg Papoyan presented data on tourist visits for the past year. He stated that the data for December ...
01/13/2025UN predicts Armenia's economic growth at 5.2% in 2025 and 4.7% in 2026
Armenia's GDP growth in 2025 will be 5.2%, with a slowdown to 4.7% in 2026. This is stated in the UN report "World Economic Situation Prospects 2025." At the same time, the authors of the report have revised their previous forecast for the country's ...
01/13/2025Mining at Amulsar gold spring may begin in September-October 2025 - Minister
Mining at the Amulsar gold deposit in Armenia may begin in September-October 2025, said Armenian Economy Minister Gevorg Papoyan. YEREVAN, January 13. /ARKA/. Mining at the Amulsar gold deposit in Armenia may begin in September-October 2025, said Armenian Economy Minister Gevorg Papoyan....
01/13/2025More than 23,000 people died in Armenia in January-November 2024, up by 5.4%
In January-November 2024, 23,391 people died in Armenia, a 5.4% increase compared to the same period in 2023, according to the National Statistical Committee of Armenia. YEREVAN, January 13. /ARKA/. In January-November 2024, 23,391 people died in Armenia, a 5.4% increase compared to the same ...
01/13/2025Armenia's foreign trade turnover reaches $28.2 billion, growth slows
The volume of Armenia's foreign and mutual trade turnover in January-October 2024 increased by 54% compared to the same period in 2023, amounting to $28,179,559.6 thousand, according to data published on the website of the National Statistical Committee of Armenia....
01/13/2025Armenia's birth rate drops 7.8% in first 11 months of 2024
In Armenia, the birth rate decreased by 7.8% in January-November 2024 compared to the same period in 2023, according to data published by the National Statistical Committee of Armenia. YEREVAN, January 13. /ARKA/. In Armenia, the birth rate decreased ...
01/13/2025Slow-acting tax: Armenians expect sharp increase in property tax
Citizens of Armenia are expected to face a sharp increase in property taxes by the end of next year. YEREVAN, January 13. /ARKA/. Citizens of Armenia are expected to face a sharp increase in property taxes by the end of next year. On June 25, 2020, the Armenian ...
01/13/2025Petrol price in Armenia rose by 14.8% in 2024, and diesel fuel - by 1.7%
Petrol in Armenia rose in price by 14.8% in January-December 2024 compared to January-December 2023, and diesel fuel - by 1.7%, according to the National Statistical Committee. YEREVAN, 10 January. /ARKA/. Petrol in Armenia rose in price by 14.8% in January-December ...
01/10/2025Armenia ranked 8th in the rating of the safest countries, ahead of all neighbouring states
Armenia has entered the top 10 safest countries in the world, according to Numbeo's 2025 Security Index. YEREVAN, 10 January. /ARKA/. Armenia has entered the top 10 safest countries in the world, according to Numbeo's 2025 Security Index. The Republic ...
01/10/2025Armenia to apply for membership in Permanent Court of Arbitration
Armenian National Assembly Committee on State and Legal Affairs approved today a bill designed to apply for membership in the Permanent Court of Arbitration. YEREVAN, 10 January. /ARKA/. Armenian National Assembly Committee on State and ...
01/10/2025Armenian parliament committee approves bill to amend national anthem
The Armenian Parliament's Committee on State and Legal Affairs approved Friday a bill to amend the national anthem, proposed by a group of deputies headed by Speaker Alen Simonyan. YEREVAN, 10 January. /ARKA/. The Armenian Parliament's Committee on ...
01/10/2025Inflation of 1.5% registered in Armenia in December, 1% for the month
In December 2024, compared to December 2023, inflation in Armenia amounted to 1.5%, and 1% compared to the previous month. YEREVAN, January 10. /ARKA/. In December 2024, compared to December 2023, inflation in Armenia amounted to 1.5%, and 1% compared to the previous month. This is according to the report ...
01/10/2025EU's chief diplomat proposes two-year extension for EU monitoring mission in Armenia
EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, has proposed extending the deployment of the EU monitoring mission in Armenia for another two years. YEREVAN, January 10. /ARKA/. EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, has proposed extending the deployment of the EU monitoring mission in Armenia for another two years. “EU member ...
01/10/2025In Armenia, 4,500 safety violations identified in 2024, 8,600 acts drawn for 2 billion drams
Over 4,500 violations of technical and fire safety rules were identified in Armenia in 2024, according to Garegin Khachatryan, head of the Armenian Inspectorate for Urban Development, Technical and Fire Safety. YEREVAN, January 10. /ARKA/. Over 4,500 violations of technical and fire safety rules were identified in Armenia ...
01/10/2025Over 800 hazardous facilities, including gas stations, suspended in Armenia in 2024- Regulator
In 2024, the activities of more than 800 hazardous industrial facilities, including petrol and gas stations, were suspended in Armenia. YEREVAN, January 10. /ARKA/. In 2024, the activities of more than 800 hazardous industrial facilities, including petrol and gas stations, were suspended in Armenia. This was announced by Garegin Khachatryan, head of the Armenian Inspectorate ...
01/10/2025Only 7-8% of Armenians vaccinated against influenza A – ex-health Minister
Only 7-8% of Armenia’s population is vaccinated against influenza A, said Armen Muradyan, the former Minister of Health.currently Rector of Yerevan State Medical University. YEREVAN, January 10. /ARKA/. Only 7-8% of Armenia’s population is vaccinated against ...
01/10/2025Armenia to invest 100 billion drams in new ski resort
... (Aparan community, Aragatsotn region). YEREVAN, January 10. /ARKA/. About 100 billion drams are planned to be invested in the Myler Mountain Resort ski resort in Yegipatrush (Aparan community, Aragatsotn region). According to the press service of the Armenian Ministry of Economy, around 27 billion drams have already been invested in the “Myler” project, with an additional 12 billion drams planned for this year. The sports complex covers an area of 2,070 hectares. For the 2024-2025 season, a 10-seat ...
01/10/2025Armenia-EU Passenger Traffic Up 400% - Pashinyan
Since 2018, passenger traffic from Armenia to the EU has increased by about 400%, Armenian Prime Minister Nikol Pashinyan reported, citing EU data. YEREVAN, January 10. /ARKA/. Since 2018, passenger traffic from Armenia to the EU has increased by about 400%, Armenian Prime Minister ...
01/10/2025Over 700 km of roads repaired in Armenia in 2024 - minister
A total of 503 km of roads were repaired in Armenia in 2024 at the expense of the state budget and various grant programmes, Minister of Territorial Administration and Infrastructure of the Republic David Khudatyan said. YEREVAN, 10 January. /ARKA/. A total of 503 km of roads were repaired in ...
01/10/2025Ovechuk: energy prices will rise in Armenia, while exports will drop by 70-80 per cent if ties with the EEU curtailed
In case of curtailing ties with the Eurasian Economic Union (EEU), energy prices in Armenia will rise and exports will drop, Russian Deputy Prime Minister Alexei Overchuk told reporters. YEREVAN, 10 January. /ARKA/. In case of curtailing ties with the Eurasian Economic Union (EEU), energy prices in Armenia will rise and exports ...
01/10/2025Magdalena Grono highlights the expansion of Armenia-EU co-operation
Armenian Prime Minister Nikol Pashinyan received Thursday EU Special Representative for the South Caucasus and the Crisis in Georgia Magdalena Grono. YEREVAN, 10 January. /ARKA/. Armenian Prime Minister Nikol Pashinyan received Thursday EU Special ...
01/10/2025Grand Candy invests 90.6 billion AMD in confectionery production in Armenia
... production of confectionery, will invest 90.6 billion drams in the purchase of raw materials. YEREVAN, Jan. 9 /ARKA/. Grand Candy, a company engaged in the production of confectionery, will invest 90.6 billion drams in the purchase of raw materials. The Armenian government exempted the company from import duties at its meeting on Thursday as part of the priority sector investment programme. The company plans to sell its products in Armenia. The benefit of the duty exemption amounts to 8.8 billion drams....
01/09/2025Armenia and Iran discuss Crossroads of Peace and construction of North-South motorway corridor
Iran supports the Armenian government's Crossroads of Peace project on the basis of the principles enshrined in it, Secretary of Iran's Supreme National Security Council Ali Akbar Ahmadian said today at a meeting with Armenian Prime Minister Nikol Pashinyan in Yerevan....
01/09/2025Armenia suffered AMD 8.8bn environmental damage in 2024 - regulator
In 2024, some AMD 8.8 billion worth damage caused to the environment and the state was recorded, the head of Nature and Subsoil Protection Inspection Body Hovhannes Martirosyan said. YEREVAN, 9 January. /ARKA/. In 2024, some AMD 8.8 billion worth damage caused to the environment and the state was recorded, the head of Nature and Subsoil Protection Inspection Body Hovhannes Martirosyan said. ‘Compared to the previous year, this indicator increased by about AMD 3 billion (AMD 5.1 billion in 2023)...
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