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

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.

Net inflow of remittances to Armenia from abroad increased by approximately 3.2 times in the first quarter

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.

Armenia Needs New Projects to Be Financed by Banks and Pension Funds: Central Bank Governor

Armenia needs high-quality projects that could be financed by banks and pension funds, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

FINTECH360 International Conference Held in Armenia

The international FINTECH360 conference took place in Yerevan, bringing together around 500 participants from more than 30 countries, including the United States, United Kingdom, France, Germany, Switzerland, Cyprus, Latvia, Luxembourg, Romania, UAE, India, Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova, Uzbekistan, Georgia, and others.

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img