Armenian economy

The economic crisis deepens in Armenia

After the parliamentary elections in June, there was a widely accepted consensus in Armenia that the political situation will stabilize and the economy will recover from the wounds of the pandemic and the 44 Day War. However, economic data …

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Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …

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What Armenian lobbyists ask for money for

American congressmen, lobbying for the interests of Armenia, dumbfounded American taxpayers with another initiative coming from the Armenian lobby. The bill presented by Congressmen Frank Pallone, Jackie Speyer and Adam Schiff contains a proposal …

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Armenia may extend ban on imports of Turkish goods

Armenian Minister of Economy Vahan Kerobyan said the ban on imports of Turkish goods may be prolonged. "From an economic point of view, we believe that the ban should be extended if political or other priorities do not interfere …

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Armenia bans import of Turkish goods in 2021

Armenia will ban the import of Turkish goods for six months from January next year due to Ankara's position on the Nagorno-Karabakh conflict, the Armenian Economy Ministry said. The decision will take effect on December 31, …

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Pashinyan: Armenia needs economic transformation

Armenia needs economic transformation, Armenian Prime Minister Nikol Pashinyan said. Asked to comment on the decline in exports, he agreed with the facts, noting that the decline in exports was due to the closure of …

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Armenia’s export decreased by almost 9%

Armenian Minister of Economic Development Tigran Khachatryan stated that in the first quarter of this year, exports from Armenia decreased by 8.6%. At the same time, he clarified that some of the indicators relate to the mining industry, where …

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Protests in Armenia's main university

More than 200 Yerevan State University employees are staging protests against the Armenian government's decision to finance scientific projects through a tendering process. About 450 researchers may lose their jobs due to the …

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Pashinyan received by Medvedev instead of Putin

Russia's Prime Minister Dmitry Medvedev and Armenia's Prime Minister Nikol Pashinyan held talks in Moscow, during which they discussed trade and economic cooperation between the two countries, the …

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