Armenia ranks last in terms of geological exploration expenditure per square kilometer

 Friday, October 16 2026 13:07:52
Armenia ranks last in terms of geological exploration expenditure per square kilometer

ArmInfo. Global geological exploration spending peaked in 2012, after which the trend began to decline. Vardan Janyan, Chairman of the Mining and Metallurgy Association and First Deputy General Director of the Zangezur Copper-Molybdenum Combine (ZCMK), noted during the opening ceremony of the Mining Armenia Forum that if this situation continues despite the current growing demand, the international economy will face serious difficulties in securing critical metals.

Khudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead end
 Friday, October 16 2026 12:59

ArmInfo. Discussions with the Russian side regarding the transfer of the concession for Armenian railways are ongoing, and the process has not reached a dead end. Armenian Minister of Territorial Administration and Infrastructure David Khudatyan stated this on October 16 in a conversation with journalists on the sidelines of the COP17 leaders' summit, which is taking place in Yerevan under the motto "Leaders for Nature."

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The mining industry`s share of Armenia`s GDP will reach a record 5% by the end of 2026, and the sector will demonstrate growth of 21.5%
 Friday, October 16 2026 12:12

ArmInfo. The mining industry's share of Armenia's GDP will reach a record 5.1% by the end of 2026, compared to the actual 3.1% registered in 2025, and 3% in 2024. This was announced on October 16 during the opening ceremony of the Mining Armenia Forum by Vardan Janyan, Chairman of the Mining and Metallurgy Association and First Deputy General Director of the Zangezur Copper and Molybdenum Combine (ZCMK).

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“From Resources to Opportunities”: Mining Armenia Forum 2026 Begins in Armenia
 Friday, October 16 2026 11:06

Arminfo. The major international Mining Armenia Forum 2026 has begun in the Armenian resort town of Tsaghkadzor, bringing together representatives of dozens of mining and related companies from Armenia and foreign countries. The forum is being held for the third consecutive year.   

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Russia has requested that veterinary certification of products from an Armenian manufacturer be suspended
 Friday, October 16 2026 10:26

ArmInfo. Rosselkhoznadzor has asked Armenia to suspend veterinary certification of Modus Granum products destined for Russia, effective October 15. The restriction is proposed to remain in place until the company is inspected by specialists from the Russian agency, Agroexpert reports.

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Armenia and Russia are creating a working group to address railway concession issues, according to the Prime Minister`s decision.
 Thursday, October 15 2026 17:11

ArmInfo. The Prime Minister of Armenia signed a decision to establish an Armenia-Russia working group to discuss issues related to the effectiveness of concession management at South Caucasus Railways (SCR).

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Armenia and the UAE discussed prospects for expanding trade and economic cooperation.
 Thursday, October 15 2026 16:54

ArmInfo. Armenian Economy Minister Gevorg Papoyan met with UAE Minister of Climate Change and Environment Amna bint Abdullah Al Dahak on the sidelines of the 17th Conference of the Parties to the Convention on Biological Diversity (COP17).

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Armenia and Egypt explored opportunities for cooperation in waste management
 Thursday, October 15 2026 15:36

ArmInfo. Opportunities for expanding Armenian-Egyptian cooperation in the fields of waste management, renewable energy, territorial administration, and local self-government were discussed at a meeting in Yerevan between Armenian Minister of Territorial Administration and Infrastructure David Khudatyan and Egyptian Minister of Local Development and Environment Manal Awad Mikhail, who arrived in Armenia to participate in COP17.

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The IMF has improved its forecast for Armenia`s GDP growth in 2026 from the previous 5.3% to an updated 5.5%, expecting inflation to significantly exceed the target, reaching 4.6%
 Thursday, October 15 2026 15:33

ArmInfo.  The International Monetary Fund (IMF) has improved its forecast for Armenia's GDP growth in 2026 from the previous 5.3% to an updated 5.5% (against actual growth of 7.1% in 2025), now expecting growth rates to remain at 5.5% in 2027 (against the previously predicted acceleration to the same level). This is noted in the IMF's October report "World Economic Outlook. Resilience in a Tense Situation, Urgent Decisions."

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The government will allocate an additional 2.071 billion drams for the implementation of subsidy programs
 Thursday, October 15 2026 15:12

ArmInfo.  The government will allocate an additional 2.071 billion drams for the implementation of subsidy programs in 11 communities of Armenia. This decision was made at a government meeting on October 15.

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The Prime Minister on the railway: A rational solution is to change the concessionary management format
 Thursday, October 15 2026 14:36

ArmInfo. Oleg Belozerov, CEO of Russian Railways, arrived in Armenia at the invitation of RA Prime Minister Nikol Pashinyan. The head of government announced this during a briefing with journalists on October 15.

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The state will allocate an additional 2.035 billion drams for the development of the scientific sphere
 Thursday, October 15 2026 13:52

ArmInfo. The state will allocate an additional 2.035 billion drams for the development of the scientific sector, which will be used to purchase scientific equipment and implement grant-funded research.

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Over 1.7 million tourists visited Armenia in 9 months
 Wednesday, October 14 2026 17:51

ArmInfo. From January to September 2026, 1.757 million tourists visited Armenia, a 1.3% increase compared to the same period last year.

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Belozerov: Russian Railways intends to strictly adhere to the terms of the concession agreement for Armenian railways
 Wednesday, October 14 2026 15:27

ArmInfo. The implementation of the concession to manage Armenian railways was discussed at a meeting between Oleg Belozerov, CEO and Chairman of the Management Board of Russian Railways, and Nikol Pashinyan, Prime Minister of the Republic of Armenia. Belozerov made a working visit to Yerevan on October 14.

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The Armenian Prime Minister discussed with the head of Russian Railways the integration of Armenian railways into international transport corridors.
 Wednesday, October 14 2026 15:18

ArmInfo. Armenian Prime Minister Nikol Pashinyan discussed the integration of Armenian railways into international transport corridors at a meeting with a delegation led by Oleg Belozerov, CEO and Chairman of the Board of Russian Railways (RZD).

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The State Revenue Committee of Armenia and the BSEC countries discussed measures to combat smuggling and drug trafficking.
 Wednesday, October 14 2026 15:15

ArmInfo. The State Revenue Committee (SRC) of Armenia, as part of its chairmanship of the Working Group on Customs Issues of the Organization of the Black Sea Economic Cooperation (BSEC), held an online seminar.

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Tsarukyan: Armenian agriculture is currently in crisis due to artificial problems created by the Armenian authorities
 Wednesday, October 14 2026 12:19

ArmInfo. Although the latest major Russian-American economic deal does not directly affect Armenia, it is a good reason for the Armenian side to draw conclusions. This is stated in a message from Prosperous Armenia Party leader Gagik Tsarukyan from the Kentron Penitentiary, published on his Facebook page.

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Armenia and the United States discussed prospects for expanding economic ties
 Wednesday, October 14 2026 12:15

ArmInfo. U.S. Export-Import Bank (EXIM) President John Yovanovitch and Armenian Ambassador Narek Mkrtchyan discussed a number of issues of mutual interest, including strengthening and expanding Armenian-American economic ties, as well as prospects for stimulating American exports.

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The State Revenue Committee of Armenia will launch pilot projects on product labeling.
 Wednesday, October 14 2026 12:12

ArmInfo. Starting November 1, 2026, pilot projects for identification marking will be launched for a number of product groups.

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TRF 2026: Dilijan Becomes a Platform for International Tourism Dialogue
 Wednesday, October 14 2026 11:48

ArmInfo.From October 9 to 11, 2026, Dilijan hosted Tourism Regional Forum (TRF) 2026, bringing together representatives from tourism, hospitality, investment, culture, and urban development. Initiated by Green Rock, the forum brought together industry professionals for the second time, continuing the initiative launched in 2024.

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Armenia and the United Kingdom discussed the development of a legal framework for international road transport
 Tuesday, October 13 2026 18:55

ArmInfo. Armenian Minister of Territorial Administration and Infrastructure David Khudatyan received the British Ambassador to Armenia, Alexandra Cole.

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News
Armenia ranks last in terms of geological exploration expenditure per square kilometerArmenia ranks last in terms of geological exploration expenditure per square kilometer
Khudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead endKhudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead end
Khudatyan: Armenia currently has no disagreements with Russia over gas pricesKhudatyan: Armenia currently has no disagreements with Russia over gas prices
Khudatyan: Armenia will decide on the model of a new nuclear power plant in early 2027Khudatyan: Armenia will decide on the model of a new nuclear power plant in early 2027
Khudatyan: Armenia is considering expanding energy ties with Azerbaijan and TurkeyKhudatyan: Armenia is considering expanding energy ties with Azerbaijan and Turkey
The head of the Armenian Ministry of High Technologies discussed with the World Bank representative in Armenia the possibility of developing cooperation in the field of high technology and AIThe head of the Armenian Ministry of High Technologies discussed with the World Bank representative in Armenia the possibility of developing cooperation in the field of high technology and AI
The mining industry`s share of Armenia`s GDP will reach a record 5% by the end of 2026, and the sector will demonstrate growth of 21.5%The mining industry`s share of Armenia`s GDP will reach a record 5% by the end of 2026, and the sector will demonstrate growth of 21.5%
“From Resources to Opportunities”: Mining Armenia Forum 2026 Begins in Armenia“From Resources to Opportunities”: Mining Armenia Forum 2026 Begins in Armenia
Russia has requested that veterinary certification of products from an Armenian manufacturer be suspendedRussia has requested that veterinary certification of products from an Armenian manufacturer be suspended
The head of the Armenian Defense Industry received a delegation from the Indian Defense Management College.The head of the Armenian Defense Industry received a delegation from the Indian Defense Management College.
Armenia and Kazakhstan discussed prospects for expanding cooperation in the areas of subsoil resources and renewable energy.Armenia and Kazakhstan discussed prospects for expanding cooperation in the areas of subsoil resources and renewable energy.
Armenia and Russia are creating a working group to address railway concession issues, according to the Prime Minister`s decision.Armenia and Russia are creating a working group to address railway concession issues, according to the Prime Minister`s decision.
Armenia and the UAE discussed prospects for expanding trade and economic cooperation.Armenia and the UAE discussed prospects for expanding trade and economic cooperation.
35 Years of Trust: IDBank Celebrates with Its Customers35 Years of Trust: IDBank Celebrates with Its Customers
Armenia and Egypt explored opportunities for cooperation in waste managementArmenia and Egypt explored opportunities for cooperation in waste management
The IMF has improved its forecast for Armenia`s GDP growth in 2026 from the previous 5.3% to an updated 5.5%, expecting inflation to significantly exceed the target, reaching 4.6%The IMF has improved its forecast for Armenia`s GDP growth in 2026 from the previous 5.3% to an updated 5.5%, expecting inflation to significantly exceed the target, reaching 4.6%
The government will allocate an additional 2.071 billion drams for the implementation of subsidy programsThe government will allocate an additional 2.071 billion drams for the implementation of subsidy programs
The Prime Minister on the railway: A rational solution is to change the concessionary management formatThe Prime Minister on the railway: A rational solution is to change the concessionary management format
The state will allocate an additional 2.035 billion drams for the development of the scientific sphereThe state will allocate an additional 2.035 billion drams for the development of the scientific sphere
The government adopted a bill recognizing the priority public interest in relation to 100% of the shares of ENA CJSCThe government adopted a bill recognizing the priority public interest in relation to 100% of the shares of ENA CJSC
Over 1.7 million tourists visited Armenia in 9 monthsOver 1.7 million tourists visited Armenia in 9 months
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and IranExpert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Belozerov: Russian Railways intends to strictly adhere to the terms of the concession agreement for Armenian railwaysBelozerov: Russian Railways intends to strictly adhere to the terms of the concession agreement for Armenian railways
The Armenian Prime Minister discussed with the head of Russian Railways the integration of Armenian railways into international transport corridors.The Armenian Prime Minister discussed with the head of Russian Railways the integration of Armenian railways into international transport corridors.
The State Revenue Committee of Armenia and the BSEC countries discussed measures to combat smuggling and drug trafficking.The State Revenue Committee of Armenia and the BSEC countries discussed measures to combat smuggling and drug trafficking.
In Bangkok, the head of the Armenian Ministry of Finance discussed the country`s economic prospects with international financial institutions.In Bangkok, the head of the Armenian Ministry of Finance discussed the country`s economic prospects with international financial institutions.
In Armenia, the loss ratio for compulsory motor vehicle liability insurance (CMTPLI) decreased to 74.5% by October 2026.In Armenia, the loss ratio for compulsory motor vehicle liability insurance (CMTPLI) decreased to 74.5% by October 2026.
Energy expert: Russia`s proposal for a new nuclear power plant for Armenia is the most well-developedEnergy expert: Russia`s proposal for a new nuclear power plant for Armenia is the most well-developed
Tsarukyan: Armenian agriculture is currently in crisis due to artificial problems created by the Armenian authoritiesTsarukyan: Armenian agriculture is currently in crisis due to artificial problems created by the Armenian authorities
Armenia and the United States discussed prospects for expanding economic tiesArmenia and the United States discussed prospects for expanding economic ties
The State Revenue Committee of Armenia will launch pilot projects on product labeling.The State Revenue Committee of Armenia will launch pilot projects on product labeling.
TRF 2026: Dilijan Becomes a Platform for International Tourism DialogueTRF 2026: Dilijan Becomes a Platform for International Tourism Dialogue
Armenia`s metallurgical industry achieved high double-digit growth in January-August 2026Armenia`s metallurgical industry achieved high double-digit growth in January-August 2026
Armenia and the United Kingdom discussed the development of a legal framework for international road transportArmenia and the United Kingdom discussed the development of a legal framework for international road transport
Team Telecom Armenia is a technology partner of COP17Team Telecom Armenia is a technology partner of COP17
Armenian producers are participating in the international exhibition of the bar industry and alcoholic beverages in Berlin.Armenian producers are participating in the international exhibition of the bar industry and alcoholic beverages in Berlin.
The The "Physmath Friends" Charitable Foundation is the October beneficiary of "The Power of One Dram"
“We Have Overcome the Most Challenging Stage and Now Look to the Future with Confidence”: Anatoly Gogotin, General Director of GPM Gold“We Have Overcome the Most Challenging Stage and Now Look to the Future with Confidence”: Anatoly Gogotin, General Director of GPM Gold
Expert: We need to consider why other post-Soviet countries are not seeking to join the EAEUExpert: We need to consider why other post-Soviet countries are not seeking to join the EAEU
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economyPolitician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
Sources: The head of Russian Railways will visit Yerevan on October 13.Sources: The head of Russian Railways will visit Yerevan on October 13.
A working meeting on the supply of Russian fire trucks to Armenia was held in Yerevan as part of a business missionA working meeting on the supply of Russian fire trucks to Armenia was held in Yerevan as part of a business mission
The head of the Armenian Ministry of Finance is participating in the work of the International Monetary Fund.The head of the Armenian Ministry of Finance is participating in the work of the International Monetary Fund.
Armenia and Barcelona discussed the possibility of implementing joint applied research projects in the field of vocational training.Armenia and Barcelona discussed the possibility of implementing joint applied research projects in the field of vocational training.
As part of its 35th-anniversary events, IDBank has signed a Memorandum of Understanding with the MatenadaranAs part of its 35th-anniversary events, IDBank has signed a Memorandum of Understanding with the Matenadaran
The business communities of Armenia and Belgium discussed the possibility of forming new partnerships.The business communities of Armenia and Belgium discussed the possibility of forming new partnerships.
The Armenian Parliament ratified the IBRD loan agreement for housing market development.The Armenian Parliament ratified the IBRD loan agreement for housing market development.
EFSD Regional Economic Outlook: Armenia`s Economy to Grow by 5.8% in 2026EFSD Regional Economic Outlook: Armenia`s Economy to Grow by 5.8% in 2026
The Amulsar gold mine will produce approximately 210,000 ounces of gold per yearThe Amulsar gold mine will produce approximately 210,000 ounces of gold per year
Nikol Pashinyan announced the launch of the Amulsar gold mine development projectNikol Pashinyan announced the launch of the Amulsar gold mine development project
Prospects and current development programs for the urban development sector were discussed at a seminar in YerevanProspects and current development programs for the urban development sector were discussed at a seminar in Yerevan
Armenian agricultural products and mineral water may appear on the Omani marketArmenian agricultural products and mineral water may appear on the Omani market
“ Izvestia” Suspect the EEC Minister for Internal Markets, Informatization, and Information and Communication Technologies of Sabotage“ Izvestia” Suspect the EEC Minister for Internal Markets, Informatization, and Information and Communication Technologies of Sabotage
"Where else can Pashinyan go?" Karapetyan on Russia`s proposal to build a new nuclear power plant unit
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Papoyan: Armenia will begin regular air transportation of agricultural products to the UAE in November.Papoyan: Armenia will begin regular air transportation of agricultural products to the UAE in November.
From October 5 to 9, a decline in dollar and ruble transactions and a resumption of euro transactions were observed on the Armenian interbank currency market.From October 5 to 9, a decline in dollar and ruble transactions and a resumption of euro transactions were observed on the Armenian interbank currency market.
National Assembly member: We are promoting plans to modernize nuclear energy as a critical component of a diversified energy systemNational Assembly member: We are promoting plans to modernize nuclear energy as a critical component of a diversified energy system
Nelli Kocharyan Presents Converse Bank’s Vision for Development of International Relations at the BACEE Conference Nelli Kocharyan Presents Converse Bank’s Vision for Development of International Relations at the BACEE Conference 
Construction of the Kars-Igdir-Aralyk railway line continues in TurkeyConstruction of the Kars-Igdir-Aralyk railway line continues in Turkey
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15.10.2026
RUB4.310.01
USD361.490.06
EUR405.411.01
GBP479.12-0.24
CAD254.570.26
JPY22.920.11
CNY54.020.02
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Experts
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and IranExpert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economyPolitician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
Kassym-Mazhen Nurbekuly: Kazakhstan and Armenia have ample opportunities for digital cooperationKassym-Mazhen Nurbekuly: Kazakhstan and Armenia have ample opportunities for digital cooperation
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Commented
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Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President
For first time, institution of restructuring insolvent banks is being  introduced in Armenian banking systemFor first time, institution of restructuring insolvent banks is being  introduced in Armenian banking system