economy of Armenia

Yerevan's transport reform: What's changing and why it’s stirring discontent

Armenia

January 18, 2025

In Armenia's capital, old "marshrutkas" have been replaced with new buses, and a unified ticketing system is being introduced for all types of transport. The city administration plans to continue the reforms.

Economy Minister: 'Armenia won’t swap EAEU for another bloc, it seeks independence'

Armenia-Russia

January 13, 2025

The government seeks new economic partners outside Russian-led blocs, but economists warn of major challenges if Armenia exits the EAEU.

Opinion: 'EU expects assurances from Armenia that Georgia failed to provide'

Armenia-EU

January 07, 2025

EU demands assurances from Armenia: Political analyst Hovsep Khurshudyan discusses Armenia's Eurointegration and Armenian-Russian relations

Rise of electric cars in Armenia: What’s driving their popularity?

Armenia

January 06, 2025

Car sales companies have noted a growing interest in electric vehicles and are confident that sales will continue to rise in the near future.

Armenia in 2024: Choosing between Europe and Russia, skepticism, and fight for future

Armenia

December 31, 2024

Key events of the past year and local analysts' contrasting predictions for the year ahead.

'Increase in employment and competitive workforce': strategic program in Armenia

Armenia

December 27, 2024

The government has developed a plan to increase the number of working women, youth aged 18-29, and regional residents, as well as to engage citizens receiving family and social benefits in the labor market.

Advertising market in Armenia: Phase of stabilization after shock and drastic changes

Armenia

December 27, 2024

Although the changes were difficult, experts believe they were necessary. They argue that it's only natural for advertisers to stop paying for a product that doesn't deliver the desired results.

Proposal to shorten Armenia’s workday by an hour is flawed: economist’s opinion

Armenia

December 23, 2024

Economist Agasi Tavadyan says the project’s authors did not assess how this step will impact the economy, productivity, or national profitability.

Armenian government to assist 'high-risk borrowers' in paying off loans

Armenia

December 12, 2024

This refers to individuals who have consistently missed payments over the past 3 years, whose debt does not exceed $2,500, and who are officially employed by an organisation.

Generation AI: Armenia’s experimental education project

Armenia

November 22, 2024

"Global demand for AI specialists will only continue to grow. It is crucial to train large number of highly qualified professionals to position Armenia effectively," experts say.

Armenia's exports to UAE increased, to Russia decreased: reasons explained

Armenia

October 18, 2024

Economist Armen Ktoyan explains that the 50% increase in exports to the UAE is due to the shipment of precious stones and metals to the country

Cooperation with Iran – a solution for Armenia, blockaded by Azerbaijan and Turkey

Armenia-Iran

October 02, 2024

Yerevan and Tehran aim to increase trade turnover to $3 billion. Commentary by economist Armen Ktoyan.

"2023 was quite successful for Armenia" - Finance Minister's assessment

Armenia

December 30, 2023

Vahe Hovhannisyan summarized the results of the past year and spoke about plans for 2024

Armenia's 2024 budget characterized by "unprecedented reserve fund"

Armenia

November 15, 2023

The Finance Minister said the reserve fund could also be utilized for the government's "Crossroads of Peace" project if the countries of the region join in its implementation

"Economic growth in Armenia is unstable": analysis of the situation and expert's forecast

Armenia

November 01, 2023

The government aims to achieve economic growth of 7% in 2024. Economist's comment on the likelihood of this target

The effect of "positive and negative shock" on Armenia's economy. Opinion

Armenia

September 05, 2023

Economist Narek Karapetyan - on the situation in the country's economy, distribution of labor force in Yerevan and regions, inflation, wages, economic activity in certain sectors and its causes

“Sanctions against Russia contributed to growth of Armenian economy” – Fitch Ratings

Armenia

August 03, 2023

Economist Hrant Mikaelyan agrees with agency experts that economic growth in Armenia is "indirectly linked" to the ongoing war in Ukraine

An increase in pensions and benefits in Armenia will affect about 580,000 people

Armenia

July 05, 2023

Given the high level of inflation, economists do not expect an improvement in the quality and standard of living

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