Armenian Minister of Labor and Social Affairs discusses new cooperation formats with WB

YEREVAN, Oct. 3. /ARKA/. Armenian Minister of Labor and Social Affairs Narek Mkrtchyan received today representatives of the World Bank led by World Bank’s Country Manager for Armenia Carolin Geginat.

The sides discussed a number of issues related to the new formats of cooperation in the area of labor and social protection. They also looked into projects that have been implemented and the ones that are to be implemented within the framework of the Second Social Protection Administration Project.

The sides also reviewed the already available results of this project. Summary information was presented about the already operating Unified Social Service centers, as well as those under construction.

The importance of creating the central office of the Unified Social Service, full implementation of the Unified Information System and consolidation of efforts towards the development of human capital was noted.

At the end of the meeting the sides expressed readiness to continue joint efforts for the continuous development of the labor and social protection spheres.

Since 1992 when Armenia joined the World Bank and IDA in 1993, the total commitments to Armenia amounted to over USD 2.5 billion. -0-

spot_img

POPULAR

Reverse mortgages for pensioners and new property rights for spouses will be introduced in Armenia

At an extraordinary session on Friday, the National Assembly of Armenia adopted, in the second and final reading, amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Net inflow of remittances to Armenia from abroad increased by approximately 2.1 times in 5 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.08 billion in January-May 2026, compared to $511.7 million in January-May 2025, according to a report from the Central Bank of the Republic.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 22-28)

The week in Armenia's financial market was dominated by the debt agenda, Central Bank statements, currency dynamics, and decisions regarding non-cash payments.

Euro, dollar, and ruble exchange rates against the Armenian dram continue to decline: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 30, 2026, fell by 0.17 points compared to June 29, to 367.89 drams.

Coffee, a Break, and Up to 10% idcoin with Idram&IDBank

Sometimes the best ideas are born not in the office or around the meeting table, but during a break.

LATEST NEWS

spot_imgspot_imgspot_img