ArmInfo. Armenia's ruling Civil Contract Party promises 6% annual average GDP growth if it wins the June 7 parliamentary elections. This was announced by party leader and RA Prime Minister Nikol Pashinyan in a video message on Facebook.
According to him, in the government program for 2021-2026, the ruling party promised to ensure 7% annual average economic growth, which it has achieved. Armenia's average GDP growth over this period was 7.6%. From 2018 to 2025, the country's real
GDP increased by 53%. According to the program proposed to voters, the Prime Minister noted that industrial production is planned to increase by 50% over the next five years, from the current 3.3 trillion drams to 5 trillion drams. Industrial development will be supported by various assistance programs, particularly in the processing industry. It is also planned to increase the share of small and medium-sized businesses in GDP to 40% over five years, compared to the current 34.3%. SME development is envisaged through increased efficiency and modernization.
The Prime Minister noted that the election program envisages enrolling the entire country's population in the mandatory health insurance system by 2028.
Pashinyan also noted the involvement of TRIPP infrastructure, including the construction of a railway and power lines. Pashinyan noted that work on the ground in this area will begin as early as 2026. "In my opinion, the most immediate step will be the commissioning of power lines. The implementation of this program will create numerous jobs," the Prime Minister noted, also pointing to the project to reconstruct and reactivate the Gyumri-Turkey and Yeraskh-Nakhichevan railways, which will be completed within 1.5 years.
Pashinyan also pointed to the construction of a second terminal at Zvartnots Airport, which will significantly increase the airport's capacity by 2033. Construction of the second terminal can no longer be delayed, as the airport currently experiences crowds comparable to those seen on the streets of Yerevan during rush hour. There are also plans to modernize Syunik Airport, granting it international status. This process has already begun.
Pashinyan also touched on the project to build four tunnels, including the Kajaran, Dilijan, and Bargushat tunnels, and the redevelopment of the Pushkin Tunnel. All of these projects are scheduled to be commissioned by 2033. Funds will also be allocated to fundamentally address the road issues in Yerevan. As part of the program, the prime minister noted, it is planned to double the volume of domestically produced goods exported to $8.9 billion. Furthermore, modern technological solutions will be implemented on 8,000 hectares of land. The government will support the creation of 25 refrigeration facilities. Construction of 10 reservoirs will begin, scheduled for commissioning in 2033. As part of these projects, 350 km of water pipelines will be repaired and built.
As part of the program, a new national stadium with a capacity of 35,000 spectators will be built in Akademgorodok, as well as two more stadiums in Vanadzor and Ijevan. Each of these sports facilities will be able to accommodate 10,000 spectators. The country's authorities also want to increase the number of tourists to 3 million per year.
Regarding the national debt, Pashinyan noted that it is at an average level and not at risk.
The Prime Minister added that a final decision on the new nuclear power unit project should be made by the end of 2027. By that time, a signed memorandum should be in place regarding the partner and the type of unit to be built in the country. In parallel, work will continue to extend the service life of Unit 2 of the Armenian Nuclear Power Plant until 2036. This work has already begun and will be successfully completed.
