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Economy

Ambulance Service projected to attain  profit of 168 million drams in 2025

Yerevan Mayor Tigran Avinyan announced a significant improvement in the quality of services provided by Ambulance CJSC.

Armenian Ministry of Finance is preparing a concept for changes to tax policy

The Armenian Ministry of Finance is in the process of formulating a concept aimed at revising tax policy.

Armenian government approves $16.5 million grant under  ADB loan program to address housing needs of Karabakh refugees

During a meeting held on Thursday, the Armenian government endorsed a draft presidential decree concerning the grant aspect of the $250 million loan agreement established between Armenia and the Asian Development Bank (ADB) under the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program, which was signed on October 30 of this year.

All benefits and pensions in Armenia will be paid exclusively in non-cash format: Minister

All types of state benefits and pensions in Armenia will be paid entirely in non-cash format, announced RA Minister of Labor and Social Affairs Arsen Torosyan.

Yerevan’s budget revenues for the first 10 months amounted to 70.1 billion drams, with a 97% compliance rate

From January to October 2025, 70.1 billion drams of the planned 72.2 billion drams of Yerevan's budget revenues were actually collected, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armbanks.am, financial and banking portal, wins Armenia Digital Awards 2025

ARKA news agency's financial and banking portal, Armbanks.am, won the prestigious Armenia Digital Awards 2025 in the Best Website Redesign category.

Foreign investors notably increase their involvement in Armenia’s domestic government debt market

In 2025, the participation of foreign investors in Armenia's domestic government debt market saw a substantial rise compared to 2018, hitting 177 billion drams, as reported by Finance Minister Vahe Hovhannisyan.

Armenia’s 2026 state budget expenditures will amount to 3.6 trillion drams, revenues to 3.09 trillion drams, and a deficit of 537 billion drams –...

Armenia's 2026 state budget expenditures will amount to 3.63 trillion drams, revenues to 3.09 trillion drams, and a deficit to 537 billion drams, or 4.5% of GDP, said Finance Minister Vahe Hovhannisyan during a discussion of the 2026 draft state budget in parliament on Wednesday.

Armenians move past the practice of keeping money “under the pillow,” yet investing continues to be perceived as a “dark forest,” according to  expert

The financial literacy regarding banking services among the Armenian populace has seen a notable increase in recent years, stated Georgi Melkonyan, the head of Freedom Academy Armenia.

Armenia’s total public debt as of September 2025 nearly reached $14.2 billion

Armenia's total public debt as of September 30, 2025, amounted to $14,195.887 million, an increase of $65.545 million compared to August 31, 2025.

Net remittance inflow to Armenia from abroad increased by 15.5% in 9 months

According to a report from the Central Bank, the net inflow of cross-border non-commercial money transfers received via Armenian banks reached $1.02 billion from January to September 2025, up from $888 million during the same period in 2024.

Macroeconomic stability has emerged as Armenia’s hallmark, according to Central Bank Governor

Macroeconomic stability has emerged as Armenia's hallmark, characterized by robust economic growth and minimal inflation, as stated by Central Bank Governor Martin Galstyan.

Inflation of 3.7% recorded in Armenia in October

In Armenia's consumer market, 12-month inflation in October of this year amounted to 3.7%, according to a report from the Statistical Committee of Armenia (Armstat).

My deputy’s signature was forged: Central Bank Governor of Armenia comments on reports of financial fraud

The Central Bank of Armenia is constantly taking measures to combat financial fraud, said Martin Galstyan, head of the regulator.

Armenia’s inflation increase is attributed to demand, according to Chairman of  Central Bank

The slight rise in inflation to 3.7% is mainly influenced by demand factors, as stated by Martin Galstyan, the head of the Central Bank of Armenia.

Room for Maneuver: Freedom Academy Head Predicts Central Bank of Armenia Refinancing Rate Will Be Maintained (EXCLUSIVE)

At the next meeting of the Central Bank of Armenia, the refinancing rate will be maintained at 6.75%, according to Georgi Melkonyan, head of Freedom Academy.

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