ArmInfo. In 2027, the Armenian Ministry of Economy intends to implement 10 programs and 60 events. This was announced by Minister Gevorg Papoyan on November 6 during a hearing at a joint session of the RA National Assembly committees.
According to him, five programs relate to the economy and tourism, and the same number will be implemented in the agricultural sector. 25 events are planned for the economy and tourism sector, totaling approximately 34.5 billion drams, and 35 events totaling 48,7 billion drams.
- in the agricultural sector. Coordination work is planned for monitoring the development of state policy in the economic and tourism sectors, for which 28.5 billion drams will be allocated, and
- for the development of standards and the accreditation system – 88 million drams, which will lead to the development of 30 national standards. Approximately 25 billion drams will be allocated to the small and medium-sized business support program, which will be used to implement the economic modernization program. This program will subsidize the projects of 500 beneficiaries, who will lease 11,000 units of machinery and equipment. Efforts to attract highly qualified specialists will also continue. A program to support the development of the entrepreneurial potential of 200 pensioners has also been adopted. 400 million drams will be allocated for these purposes. Papoyan also noted that 100 million drams will be allocated to continue the program to support start-up companies. International donor companies will contribute the same amount, enabling the formation of new small businesses. To promote investment and exports, 4.5 billion drams are earmarked, 1 billion of which will be allocated for targeted export sectors. An additional 1 billion drams is planned for infrastructure development.
The minister also announced work to be carried out to develop the capital market. For this purpose, 26 organizations will receive assistance in the amount of 1 billion drams. He noted that two major investment programs launched in previous years will continue in 2027.
The authorities also intend to assist cognac and cognac spirit exporters by refunding state duties. Work on agricultural land consolidation will continue next year, with 100 million drams allocated.
