Armenia’s Minister of Foreign Affairs and International Trade Ararat Mirzoyan, who was in Tehran, presented the work being carried out to implement the TRIPP project and the new opportunities it offered regional countries during a meeting with Iranian Foreign Minister Seyed Abbas Araghchi. The two ministers held detailed discussions on the full range of issues…
The operation of electricity storage facilities in Armenia will be regulated through new secondary legislation. On October 1, as part of assistance provided to Armenia’s Public Services Regulatory Commission, another working meeting was held under the chairmanship of Commission Chairman Mesrop Mesropyan with representatives of Kinetic, whose work was financed by the Armenian office of…
The Armenian government has approved the 2027 state budget draft, projecting 5.8% economic growth, and will submit it to the National Assembly for approval. Under the draft, Armenia’s 2027 consolidated budget revenues are projected at 3 trillion 829.9 billion drams, while expenditures are expected to total 4 trillion 298.1 billion drams. The budget deficit is…
The Armenian government plans to obtain a EUR 250-million credit line from the French Development Agency. The corresponding draft decision has been included on the agenda of the government’s October 1 meeting. The loan to Armenia will also be financed by the Asian Development Bank. The loan program aims to ensure quality and sustainable public…
Deputy Prime Minister Mher Grigoryan has met with the newly appointed French Ambassador Florian Escudie, discussing opportunities to develop the strategic partnership and trade and economic cooperation. The two also exchanged views on opportunities to expand the presence of France-backed companies in Armenia’s economy. The deputy prime minister welcomed and congratulated the ambassador on his…
Deputy Prime Minister Mher Grigoryan received a delegation led by Alexander Tieman, head of the International Monetary Fund’s (IMF) mission to Armenia. During the meeting, the parties discussed issues raised within the second review of the IMF-supported Stand-By Arrangement (SBA). The discussion also covered macroeconomic developments and fiscal policy. In this context, the deputy prime…
Economy Minister Gevorg Papoyan, commenting on Armenia’s export figures, said the only area showing a significant decline was the Eurasian Economic Union market. He added that goods worth $943 million had been exported this year, compared with about $990 million last year. “The difference is about 5%. I consider this not a bad result, given…