Government of Armenia simplified the process of state registration and record of vehicles

YEREVAN, March 15. /ARKA/. Government of Armenia on Thursday approved the decision on making changes and amendments to the law “On mandatory insurance of liability resulting from operation of motor vehicles” and the Code of Administrative Law Infringements envisaging simplification of the process of state registration and record of vehicles.
Introducing the draft decision, Deputy Head of Police of Armenia Artur Osikyan said that in the implementation of registration and record of vehicles in case of its alienation no longer will be checked the presence of the certificate of mandatory car insurance from the former owner, but will take into account the presence of the certificate of mandatory car insurance from the new owner.
“New amendments to the law will allow to detect absence of mandatory car insurance contract through other information systems and through registration and record of vehicles”, he said.
So, significantly will be simplified the process of state registration and record of vehicles.
The law “On mandatory insurance of liability resulting from operation of motor vehicles” entered into force on January 1, 2011. The goal of mandatory car insurance in Armenia is the provision of worthy compensation to people suffered in the result of operation of motor vehicles, as well as protection of interests affected. There are about 430 thousand vehicles, owners of their 83% have mandatory car insurance policies. –0–

spot_img

POPULAR

Ranking of Armenia’s Largest Credit Institutions by Asset Volume in Q1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total assets for the first quarter of 2026.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 11–17) 

Last week's agenda included issues of credit institution sustainability, public debt structure, capital market development, and digital financial services. Special attention was paid to SME access to bank financing, Open Banking, and insurance technologies.

Investment portfolio of Armenian credit institutions in the first quarter of 2026 exceeded 100.6 billion drams

The total investment portfolio of Armenian credit institutions in the first quarter of 2026 amounted to 100.6 billion drams, according to the consolidated financial report of the country's credit institutions.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in Q1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first quarter of 2026.

Russian ruble exchange rate in Armenia exceeded 5 drams: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 13, 2026, increased by 0.01 points compared to May 12, reaching 368.63 drams.

LATEST NEWS

spot_imgspot_imgspot_img