Police officers to have no pay rise next year

YEREVAN, November 5, /ARKA/. Chief of Armenian Police Alik Sarkisian told ARKA that police officers will not have a pay rise next year ‘because of the financial and economic crisis.’

He said police officers were to have a 20-30% pay rise next year, but ‘unfortunately, the crisis has had its impact on our salaries and wages as well.’

He said under the draft 2010 budget the Police will receive next year slightly less funds than this year. He said also that he had discussed with prime minister Sarkisian the president’ instruction to look for a possibility to raise the budget of the Police at the expense of economized funds.

According to the 2010 draft budget, the government plans to collect 676. 6 billion Drams of revenues, down from 772 billion projected for 2009. It also plans to spend 859.6 billion drams, of which 85.7% will be current expenditures. Tax revenues for 2010 are projected at 533 billion Drams, up from 510 billion, projected for 2009. M.M. -0-

spot_img

POPULAR

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 13–19)

YEREVAN, July 20. /ARKA/. Key events of the past...

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 21, 2026, increased by 0.75 points compared to July 20, reaching 366.68 drams.

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

LATEST NEWS

spot_imgspot_imgspot_img