Armenian economy

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Armenia to establish agency protecting investments

Armenia to establish agency protecting investments

Armenian Prime Minister Nikol Pashinyan said that he has ordered establishment of an agency affiliated to the national security service which will be in charge of protection of investments.  "By this step …

IMF: Armenia is the poorest country in South Caucasus

IMF: Armenia is the poorest country in South Caucasus

The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita. …

Pashinyan proposes granting credit amnesty to farmers

Pashinyan proposes granting credit amnesty to farmers

Armenian Prime Minister Nikol Pashinyan asked the head of the republic's Central Bank Artur Javadyan to look into the possibility of granting credit amnesty to farmers. "As a matter of fact, we …

Migration from Armenia assumes escape character

Migration from Armenia assumes escape character

The permanent population of Armenia decreased by 13.4 thousand people over the past year, according to the National Statistical Service of the republic. At the same time, it was noted that during the year 10.3 thousand more people were born …

ZDF: Armenia has lost its future

ZDF: Armenia has lost its future

A German public-service television ZDF broadcasted a reportage about the uncomfortable truth of modern Armenia

Armenian external debt keeps growing

Armenian external debt keeps growing

Armenia's external debt amounted to $5.1 billion as of December 1, 2017,  the country’s national statistical service. In November 2016, Armenia's external debt increased by $62 million, Armenian media reported. …

Results of 2017: Azerbaijan - leader of South Caucasus

Results of 2017: Azerbaijan - leader of South Caucasus

In 2017, Azerbaijan reaffirmed its leadership in the South Caucasus region by once again gettion ahead of its Caucasian neighbors both by economic indicators, by scale of international projects and by prospects for further development. …

 Armenia's parliament approves 2018 state budget

Armenia's parliament approves 2018 state budget

Armenia's National Assembly approved the final version of the draft state budget for 2018 with 64 votes in favor and 35 against.  Expenditures and revenues for 2018: 1 trillion 308 billion drams in revenues, 1 trillion 307 …

Armenia no longer likes EEU

Armenia no longer likes EEU

During three years of Armenia's membership in the EEU, there has been a significant regression in a number of socioeconomic spheres, Yerevan says

Butter price mounting at record pace in Armenia

Butter price mounting at record pace in Armenia

Butter prices in Armenia show a record growth, Haykakan Zhamanak reported. The newspaper’s monitoring showed that in supermarkets in downtown Yerevan, butter price surged by 550 drams (around $1.1) per one kilogram. …

Armenia's state budget deficit increasing

Armenia's state budget deficit increasing

Armenia's state budget deficit will grow by 3.8% in 2018, as compared to the current year. The gross revenues of the country’s 2018 budget are projected to be 8% higher than this year’s indicator. At the same …

Does Russia preclude Armenian-Iranian projects?

Does Russia preclude Armenian-Iranian projects?

There is a lot of work to be done in Armenia, during which it will be necessary to consider not only the international role of the Islamic Republic of Iran, but also Russia's role