Armenian Central Bank submits proposal for development of digital society and economy

YEREVAN, December 24, /ARKA/. The Chairman of the Central Bank, Martin Galstyan, and the Deputy Chairman, Nerses Yeritsyan, submitted a proposal for the development of a digital society and economy for discussion at a meeting today dedicated to Armenia’s digital transformation agenda, which was chaired by Prime Minister Nikol Pashinyan, the government press office said.

The proposal was said to have been developed on the basis of international best experience, challenges of technological transformation, current results of digitalization of the Republic of Armenia.

It is based on the idea of ecosystem-based e-economy, and inclusive, secure digital transformation through digital solutions. It is proposed to implement measures in the directions of digital reform, data interoperability, development of management systems, mass use of electronic identification, cyber security, Internet business model, digital literacy, capacity building, e-commerce and services. The result is expected to be a simultaneous digital transformation of society, the economy, the government, and the formation of a common platform for national digital services. As a result, a simultaneous digital transformation of the society, the economy and the government and the formation of a common platform for national digital services are expected. It is envisaged to involve professional experts in the process, to introduce a system of evaluation indicators, which will measure the progress of the digital economy, its socio-economic impact. It is envisaged to involve professional experts in the process, and introduction of a system of evaluation indicators, which will measure the progress of the digital economy, its socio-economic impact.

An exchange of views took place on the topic. Issues related to the structure of the digital process management system, financing mechanisms, involvement of a professional team, raising public awareness were discussed, a number of proposals were presented.

Summing up the consultation, the Prime Minister noted that the most important priority of digital transformation should be the provision of mass application of electronic identification, interoperability of digital platforms and cyber security. Nikol Pashinyan instructed the persons in-charge to start the process of implementation of the proposal, taking into account the results of the discussion. -0-

spot_img

POPULAR

Central Bank of Armenia has identified a key principle for regulating crypto assets based on risks

The Central Bank of Armenia adheres to the "same risk, same regulation" principle when regulating digital and virtual assets, Central Bank Deputy Chairman Hovhannes Khachatryan stated on Friday at the 4Future Banking forum in Yerevan.

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

Significant inflows of transfers and capital to Armenia boosted reserves to a record $6.5 billion in August – WB

Thanks to significant remittance and capital inflows, gross reserves in Armenia rose to a record $6.5 billion in August, equivalent to 4.3 months of import coverage, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest’s CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

Cube Invest is the first investment company in Armenia to issue bonds worth 5 billion drams: Cube Invest’s CEO

Cube Invest has become the first investment company in Armenia to issue bonds on the local market, announced Cube Invest CEO Mikael Margaryan.

LATEST NEWS

spot_imgspot_imgspot_img