The European Commission has allocated EUR 34 million to Armenia to reduce the impact of trade restrictions imposed by Russia on the country’s private sector, according to a statement issued by the Commission. The statement noted that just two weeks after a phone conversation between European Commission President Ursula von der Leyen and Prime Minister…
Armenia is currently experiencing strong economic growth alongside inflation that remains elevated but not excessively high, Deputy Governor of the Central Bank of Armenia Armen Nurbekyan has said during a parliamentary session. Lawmakers are discussing the Central Bank’s annual report on its activities. According to Nurbekyan, the most significant uncertainties for Armenia’s macroeconomic outlook in…
The value of goods exported from Azerbaijan to Armenia during January-May totaled approximately $11.2 million, according to Azerbaijan’s State Customs Committee. In May alone, exports from Azerbaijan to Armenia amounted to $1.6 million. During the same period, Armenia indirectly exported goods worth $960 to Azerbaijan. According to the data, no exports from Armenia to Azerbaijan…
In 2025, a total of 4,413 real estate transactions involving foreign citizens were carried out in Armenia, with only four transactions involving Turkish citizens, according to Armenia’s Cadastre Committee. “There is no property registered in Armenia under the names of Azerbaijani citizens. During 2025, Turkish citizens acquired one apartment in a multi-unit residential building in…
The European Union is preparing to provide additional support to Armenia amid restrictions imposed on the import of Armenian products into Russia, EU Ambassador to Armenia Vassilis Maragos has said during a meeting with Armenian exporters. According to Maragos, important meetings and phone discussions were scheduled for June 4, after which specific additional support measures…
Prime Minister Nikol Pashinyan said he did not see an insurmountable problem in the restrictions imposed by Russia on imports of certain Armenian products and pledged to address the issue through existing Eurasian Economic Union mechanisms. Pashinyan noted that he was the only EAEU official who participated in both of the organization’s governing bodies. “I…
There have long been offers of cheaper than the gas currently sold to Armenian consumers, according to Khachatur Sukiasyan, a businessman and member of parliament from the ruling Civil Contract faction. “Don’t worry, there have long been offers that are cheaper than the gas ultimately sold to consumers. I cannot provide details right now because…