Smokey prospects of Armenian economy
The explosion at the Nairit plant occurred against the backdrop of talks about a likely investor
Armenian economy
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Reforms in Armenia's agricultural sector expected
Armenian Prime Minister Karen Karapetyan told about a new agricultural reforms program during the government meeting, press service of the government reported. "Based on our research and regional inspections, we …
Water tariffs may be increased in Armenia
Water tariffs may be increased in Armenia, the press office of Veolia Jur, a subsidiary of France’s Veolia Generale des Eaux and the only water-supply operator in Armenia, said. The company intends to appeal to the Public …
Armenia loses third of money transfers from Russia
Remittances to Armenian citizens from abroad, declined by 38.4% ($830 million) over the past three years, Armenian Finance Minister Vardan Aramyan said. The head of the Armenian Ministry of Finance linked this situation …
Armenia's national debt increases
The national debt of Armenia has reached $6.095 billion: in April 2017 it amounted to $6.038 billion, according to data of the National Statistical Service of the Republic. $550.9 million is debt held by Armenia's Central Bank …
Nairit plant’s property set for auction - media
Nairit bankruptcy procedure manager, Karen Asatryan, has set the chemical plant’s property for an auction. According to the newspaper, an auction took place on April 28 in a courtroom of Yerevan’s …
IMF predicts 3% economic growth in Armenia for 2017
The International Monetary Fund (IMF) expects Armenia's gross domestic product to grow by 3% and annual inflation to reach 2% in 2017, the IMF mission chief, Hossein Samiei, said. "Foreign capital …
Only 0.7% of Armenian citizens satisfied with country's economy
The director of the Yerevan representation of the Gallup International Association, Aram Navasardyan, reported today the results of a survey on the economic well-being of Armenian citizens, according to which the overwhelming majority of the …
Ex-minister: Armenia’s possibilities exhausted
Armenia’s possibilities have been exhausted with the current economic policy and governance system, former defense minister Seyran Ohanyan said. “This is a turning point for Armenia: either we realize seriousness of the …
Armenia’s central bank cuts refinancing rate again
Armenia's Central Bank cut its refinancing rate by 0.25 percentage point to 6%. The Central Bank began to gradually reduce the refinancing rate from the second half of 2015. As a result, it fell from 10.5% in June 2015 to 6.25% in …
Armenian economy ministry guarantees 3.2% growth in 2017
Armenia’s minister of economic development and reforms Suren Karayan gave assurances that his agency will meet the 3.2% economic growth target set by the Government in its 2017 program. “We will secure …
Armenia President calls consultation on macroeconomic development issues
President of Armenia Serzh Sargsyan called a consultation on the macroeconomic development of Armenia and the 2017 State Budget indexes. Finance Minster of Armenia Vardan Aramyan presented the annual …
Analysis of Armenian media from November 17th to 23rd. Economy
This week's top news in the Armenian media is plans to develop the country's economy, which were outlined by Karen Karapetyan in an interview with Bloomberg. Media also monitors personnel changes in the government. …
Armenian PM to Bloomberg about country's future
Armenia’s prime minister Karen Karapetyan told Bloomberg in an interview about his plans to develop the economy, fight corruption and ensure competition in the country. “We’re proposing the most rapid …
Vahagn Khachatryan: "Political tool needed to solve problems in Armenian economy"
An expert on economic issues on the draft budget and the economic situation
Armenian Central Bank cuts refinancing rate
Armenia’s Central Bank decided to cut the benchmark refinancing rate by 0.25 percentage points to 6.5%. It is the seventh consecutive cut of the benchmark rate by the regulator within this year. In February, …
Two-thirds of Armenians live in conditions of poverty
Approximately two-thirds of Armenian citizens live in conditions of real poverty, no matter what the official numbers say, an ethnographer Hranush Kharatyan said today. According to Armenia’s National …
Minister: new investment fund to be created in Armenia
A new investment fund will be established in Armenia in accordance with the government's program, economic development and investment minister Suren Karayan told a parliamentary hearing on 2017 draft budget today, organized …
Armenian Finance Ministry won't raise teachers' salaries
Armenian authorities do not plan to increase salaries of teachers next year, Armenian Deputy Finance Minister Atom Janjughazyan said. "We don't plan to change teachers' salaries. Whether it is needed or not …
Armenia PM: Once I feel I can no longer be useful, I won’t stay in my post for another day
We want to open the investment field not only for Diaspora Armenians; Of course, we are interested in their engagement, but the rules of the game will be the same for Diaspora Armenians, Chinese and others. Armenian Premier Karen …
