Armenia has high inflation, but there is no crisis – Pashinyan

YEREVAN, Sept. 7. /ARKA/. Armenia has been experiencing high inflation affecting the social situation in the country, Armenian Prime Minister Nikol Pashinyan said, speaking at a plenary session of the 7th Eastern Economic Forum in Russian Vladivostok on Wednesday

However, according to Pashinyan, the situation with high inflation is manageable situation. ‘There is a problem, but we don’t have a critical situation, thanks also to Russia’s support,” he stressed.

Pashinyan noted that in the first half of the year everyone had great fears. “Not only within the framework of the EEU, but also bilaterally, we communicated very intensively. I must say that I am impressed by the promptness with which Russian President Vladimir Putin and Prime Minister Mikhail Mishustin responded to our requests,” the prime minister said without elaborating. He added that Armenia would have found it difficult to cope with these problems on its own.

According to Armenia’s National Statistical Committee, the 12-month inflation in August 2022 was 9.1%.-0-

spot_img

POPULAR

Net remittance inflow to Armenia from abroad increased approximately 3.5-fold in two months

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 6-12)

Last week, the Armenian financial market focused on, among other things, statements by the Central Bank's management on macroeconomic risks, assessments of the possible inflationary impact of external shocks, discussions of stablecoins, and the development of regional payment infrastructure.

Travel in comfort with the Mastercard World “Travel” Cards from Unibank

Unibank offers Mastercard World "Travel" cards, designed specifically for clients who travel frequently and value convenience, reliability, and additional privileges.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

LATEST NEWS

spot_imgspot_imgspot_img