ArmInfo.Over 11 thousand Artsakh refugees are employed in Armenia. Governor of the Central Bank of Armenia Martin Galstyan stated during a press conference on March 12.
He noted that this has a positive effect on the labor market in terms of expanding aggregate supply. According to the head of the Central Bank, all this will help to gradually reduce the imbalance between supply and demand.
Speaking about labor migrants from Russia and India, Galstyan noted that there are no sudden movements in Armenia for these 2 categories of workers that could cause concern.
Notably, after the large-scale Azerbaijani military aggression against Nagorno Karabakh on September 19, 2023, which was preceded by a 9-month complete blockade, around 109 thousand Artsakh citizens were forcibly moved to Armenia.
Since the beginning of the war in Ukraine (February 24, 2022), around 110 thousand citizens of Russia have migrated from Russia to Armenia.
According to the Central Bank, since the beginning of 2023, a total of about 16 thousand labor migrants from India have arrived in Armenia.
According to official statistics, the unemployment rate in Armenia in 2023 was about 12%.
