Over AMD 2.3 billion earmarked in Armenia for lessening COVID 19 negative impacts

YEREVAN, April 7. /ARKA/. As part of the government’s nine programs to overcome the economic and social consequences of the coronavirus, Armenia has distributed 2.353 billion drams as of April 5, Armenian Prime Minister Nikol Pashinyan said on Tuesday.

The government of Armenia, in total, approved nine programs to lessen negative economic consequences of coronavirus. Five aid packages in various areas were approved on March 26, three more assistance programs on March 30, and also one program on April 2. Of the nine programs, five relate to economic assistance to business and the agricultural sector, and four imply the provision of social support to various groups of the population.

Pashinyan said that these funds are distributed among legal entities and individuals.

“The financial means are already available in the banking system. Some of them may have already been received. The rest should go and get this amount,” he said during a direct broadcast on his Facebook page.

A state of emergency in order to suppress the spread of coronavirus operates in Armenia from March 16 to April 14. Restrictions on free movement and certain types of economic activity in Armenia in a state of emergency (initially imposed for the period from March 24 to March 31) were extended until April 12 inclusive.

As of April 7, in Armenia, 853 confirmed cases of coronavirus were recorded, 87 patients were cured, eight people died. ($1 – AMD 501.55). -0-

spot_img

POPULAR

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Tokenization among the priorities of the Central Bank of Armenia’s digital asset strategy

Martin Galstyan, Governor of the Central Bank of Armenia, responded to a question from the ARKA news agency about whether the regulator is considering drafting a law on tokenization.

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

Euro continued to rise against the Armenian dram, while dollar and ruble weakened again: 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 March 18, 2026, fell by 0.07 points compared to March 17, to 377.39 drams.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img