Armenian economy

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. …

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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. …

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 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 …

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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

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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