Monday, July 17 2017 15:12
Naira Badalian

Yerevan is going to increase defense spending

Yerevan is going to increase defense spending

ArmInfo. Starting from 2018,  Armenia plans to increase defense expenditures by 26-27 billion AMD  annually and make up 4% of GDP. Armenian Finance Minister Vardan  Aramyan told journalists on July 16 during the discussions of the  medium-term expenditure program of Republic of Armenia for 2018-2020.

According to the Minister, the given decision is due to the need to  maintain a military balance. At the same time, Aramyan noted, the  expenditures of the Defense Ministry, including capital ones, planned  for 2017 are about 226 billion AMD (3.71% of GDP).

POST A COMMENT
Input digits     


News
Compelling Business Loan Offer from AraratBank: JOIN USCompelling Business Loan Offer from AraratBank: JOIN US
Grain delivery to Armenia dynamic - premier Grain delivery to Armenia dynamic - premier 
Armenian pensioners to get cashless pensions Armenian pensioners to get cashless pensions 
RA MOD to get $11mln more RA MOD to get $11mln more 
Health Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan ProgramHealth Programs Implementation Office to be responsible for  implementing Universal Health Coverage Loan Program
Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways Further cargo transportation from Russia, Kazakhstan to Armenia via  Azerbaijan - Azerbaijani railways 
Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk Direct rail service between Russia and Armenia through Azerbaijan and  Georgia tangible contribution to peace in the South Caucasus - Alexei  Overchuk 
First grain consignment from Russia to Armenia via Azerbaijan First grain consignment from Russia to Armenia via Azerbaijan 
The interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej TimesThe interview of Mher Abrahamyan, Chairman of the Board of IDBank, to Khaleej Times
Armenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in DusseldorfArmenian manufacturers participating  in  Occupational Safety and  Health A+A 2025 trade fair  in Dusseldorf
In Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salonsIn Armenia, annual inflation accelerated from 0.6% to 3.7%  in  October, driven by rising prices for food products, services in  transportation, tourism sector,  and beauty salons
Central Bank Chairman: Macrostability becoming Armenia`s hallmark Central Bank Chairman: Macrostability becoming Armenia`s hallmark 
AraratBank – Title Sponsor of Urartu Football ClubAraratBank – Title Sponsor of Urartu Football Club
SCR, Armenian Tourism Federation sign Memorandum of CollaborationSCR, Armenian Tourism Federation sign Memorandum of Collaboration
SCR Director: Rail route through Azerbaijan to be in demandSCR Director: Rail route through Azerbaijan to be in demand
Economic growth down in Jan-Sept 2025 Economic growth down in Jan-Sept 2025 
RA Anticorruption Committee to get more money in 2026RA Anticorruption Committee to get more money in 2026
Amendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product informationAmendments to Law on Ensuring Uniformity of Measurements in Armenia  aimed at enhancing accuracy of product information
Armenian authorities` task is keeping freight vehicles at country`s  land bordersArmenian authorities` task is keeping freight vehicles at country`s  land borders
Ameriabank’s Corporate Loan Portfolio Surpasses AMD 1 TrillionAmeriabank’s Corporate Loan Portfolio Surpasses AMD 1 Trillion
New mechanisms to take effect on Armenia`s real estate market New mechanisms to take effect on Armenia`s real estate market 
RA Investigative Committee to get to get AMD 219.6mln more next year RA Investigative Committee to get to get AMD 219.6mln more next year 
Russian wheat beting transported to Armenia via Azerbaijan - minister Russian wheat beting transported to Armenia via Azerbaijan - minister 
In 2026, total funding for Ministry of Environment`s activities to be  15.4 billion dramsIn 2026, total funding for Ministry of Environment`s activities to be  15.4 billion drams
Martin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflationMartin Galstyan: Armenia is in a good position in terms of high  economic growth and low inflation
39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister39.4 bln drams to be allocated for agricultural programs in Armenia  in 2026 - Minister
Opportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBankOpportunities and Prospects for Cooperation Between Business and the Banking System in Syunik Region – IDBank
Armenian premier on advantages of Washington agreements for EAEU  member-states Armenian premier on advantages of Washington agreements for EAEU  member-states 
RA CB leaves refinancing rate unchanged RA CB leaves refinancing rate unchanged 
Armenia`s education expenses to reach 3% of GDP in 2026 Armenia`s education expenses to reach 3% of GDP in 2026 
EU investing 5 million euros in Armenia`s nuclear safetyEU investing 5 million euros in Armenia`s nuclear safety
AraratBank and Théâtron Festival Bring Smiles to Little OnesAraratBank and Théâtron Festival Bring Smiles to Little Ones
EIB Global provides €100 million to support Armenian micro and small businessesEIB Global provides €100 million to support Armenian micro and small businesses
Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025Armenian pharmacists attended world`s largest industry exhibition,  CPHI Worldwide 2025
Armenia joins Germany`s Import Promotion Desk initiativeArmenia joins Germany`s Import Promotion Desk initiative
Ardshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as CollateralArdshinbank Will Raffle off Around 3000 Gifts for Borrowers Who Pledge Gold as Collateral
RA Ministry of Internal Affairs` seismic protection network to begin  next yearRA Ministry of Internal Affairs` seismic protection network to begin  next year
EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025EDB: Economic activity in Armenia grew by 7.6% year-on-year in  January-September 2025
"You Choose the Destination": New Promotion for AraratBank Mastercard World Travel Cardholders
Armenia reduces wine export volumes, Russia remains traditional  marketArmenia reduces wine export volumes, Russia remains traditional  market
Dollar, ruble transactions increased in Armenian interbank foreign  exchange  market from October 27-31, 2025Dollar, ruble transactions increased in Armenian interbank foreign  exchange  market from October 27-31, 2025
Armenia reduced copper and molybdenum concentrate exports in the  first half of 2025, while increasing shipments of zinc and precious  metal oresArmenia reduced copper and molybdenum concentrate exports in the  first half of 2025, while increasing shipments of zinc and precious  metal ores
Germany to provide152 million euros in support to ArmeniaGermany to provide152 million euros in support to Armenia
Armenia significantly increased automobile imports in the first half  of 2025Armenia significantly increased automobile imports in the first half  of 2025
New Campaign Ahead of Savings Day: IDBankNew Campaign Ahead of Savings Day: IDBank
Tashir Capital resubmitted its application for  reduction in  electricity tariffs Tashir Capital resubmitted its application for  reduction in  electricity tariffs 
Natural gas imports to Armenia increased by 4.5% in the first half of  2025, while liquefied gas imports increased by 29.4%Natural gas imports to Armenia increased by 4.5% in the first half of  2025, while liquefied gas imports increased by 29.4%
In 2026, Yerevan Municipality to receive 56.6 bln drams from  budget  - MayorIn 2026, Yerevan Municipality to receive 56.6 bln drams from  budget  - Mayor
Armenia`s imports of oil products 9.2% up in first half of 2025 Armenia`s imports of oil products 9.2% up in first half of 2025 
Armenian government continues talks on funding of corridor via  country - minister Armenian government continues talks on funding of corridor via  country - minister 
EU ready to assist Armenia in forming and developing sustainable  digital economyEU ready to assist Armenia in forming and developing sustainable  digital economy
AMD 35.3bln to be allocated for development of Armenia`s water sector  in 2026AMD 35.3bln to be allocated for development of Armenia`s water sector  in 2026
Armenia, EU strengthen cooperation in energy, transport, and road  safetyArmenia, EU strengthen cooperation in energy, transport, and road  safety
Armenians among top 3 visitors to GeorgiaArmenians among top 3 visitors to Georgia
EITI International Council to meet in Yerevan EITI International Council to meet in Yerevan
Armenia`s vice-premier, EIB representative discuss new areas of  cooperationArmenia`s vice-premier, EIB representative discuss new areas of  cooperation
Armenia, Germany form reliable cooperation based on common values -  ministerArmenia, Germany form reliable cooperation based on common values -  minister
Think beyond today. Why save?Think beyond today. Why save?
Aluminum foil exports  decreased in Armenia while maintaining their  customs valueAluminum foil exports  decreased in Armenia while maintaining their  customs value
Armenian Customs Service: Gold trade decreased significantly in the  first half of 2025Armenian Customs Service: Gold trade decreased significantly in the  first half of 2025
Read more
Exchange rates
05.11.2025
RUB4.70-0.04
USD382.570.02
EUR439.34-0.78
GBP498.34-1.81
CAD270.71-1.16
JPY24.90-0.01
CNY53.68-0.01
CHF471.90-1.44


Experts
Expert: Electricity tariff containment in Armenia is only temporaryExpert: Electricity tariff containment in Armenia is only temporary
Political Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  marketsPolitical Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  markets
Artur Avetisyan: All discussions regarding the choice of a future NPP  model will remain mere talk until there is a vision for strategic  developmentArtur Avetisyan: All discussions regarding the choice of a future NPP  model will remain mere talk until there is a vision for strategic  development
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2