ArmInfo.  In October, amidst  a growing tourist flow and accelerating dynamics in the mining  industry, export of agricultural products, canned goods, and  alcoholic beverages, we are witnessing a prolonged decline in the  re-export of gold. This was stated by Economy Minister Gevorg Papoyan  in an interview with Public Television of Armenia.

ArmInfo.The Armenian economy is going through a turning point.  The latest statistics on GDP growth  revealed an alarming reality: the country's economic recovery, which has been so celebrated lately, was mainly built on unstable, exogenous factors, and economic growth was just an illusion. This assessment was made by Aghasi Tavadyan, associate professor at the Armenian State University of Economics, founder of the analytical  portal tvyal.com. 

ArmInfo. Since 2022, Armenia's IT sector has experienced significant growth, largely attributed to  an inflow of re-locants from Russia. During this period, the sector has become a key contributor to GDP growth, accounting for 1-3 percentage points. But recent data from the last two quarters show a concerning picture, indicating that currently the sector is encountering serious problems.  

ArmInfo. Armenia is on the way to  a crisis, says Associate Professor of the Armenian State University  of Economics Aghasi Tavadyan.

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ArmInfo. The Armenian government has identified tax collection as its KPI (key performance indicator), for evaluating its activities. This is the viewpoint of Aghasi Tavadyan, an associate professor at the Armenian State University of Economics. He references the Laffer curve concept and emphasizes the necessity of developing a more balanced tax policy. 

ArmInfo.For the first time, based on the results of May 2024, the share of internal debt in the structure of Armenia's public debt exceeded 50%. This has its positive and negative sides, and primarily to ensure the 7% GDP growth promised by the authorities. A similar assessment was made by Associate Professor of the Armenian State University of Economics, economist Agasi Tavadyan.

ArmInfo.In Armenia, electricity production and exports decreased in 2023, which raises some concerns.  This may indicate a slowdown in the real economy stated Associate Professor of the Armenian State University of Economics, economist Agasi Tavadyan.

ArmInfo.After two and a half years of recovery and sharp growth in Armenia, a decrease in exports and  imports of almost all services has been recorded since Q4 2023.  This is fraught with losses in terms of the country's balance of payments and ensuring the budgeted 7% GDP growth. Economist Aghasi Tavadyan,  associate professor of the State University of Economics of Armenia, came to this opinion after analyzing the quarterly data of the RA balance of payments.

ArmInfo. A regular process for assessing the effectiveness of budget programs will be introduced in  Armenia. At a meeting on April 22, the RA National Assembly Commission on Financial, Credit and Budget Issues approved amendments to the law "On the Budget System" submitted by the RA government.

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ArmInfo. At the moment, the Russian economy, especially at its current stage of development, depends to a fairly significant extent on Armenia. Aghasi Tavadyan, an economist and head of "Economic Uncertainty Modeling" laboratory, ASUE at the Armenian State Economic University, told an ArmInfo correspondent.

ArmInfo. Attaching importance to providing the general public with objective, reliable and fact-based  information in the financial and banking sector, the Union of Banks of Armenia for the fourth year in a row holds a competition to determine the best publications to encourage academics, experts, journalists to cover relevant topics in the financial and banking sector in their activities.

ArmInfo. The poverty rate in Armenia in 2021 was 26.5%. At the same time, the indicator in 2021, compared to 2020, decreased (by 0.5 p.e.), compared to 2019, it  increased by 0.1%.  Prime Minister of Armenia Nikol Pashinyan stated  this on December 1 at a regular meeting of the Cabinet of Ministers.

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ArmInfo.One of the most important problems facing the Armenian economy is a serious violation of the trade balance and structural imbalance of the economy.

ArmInfo. YOY inflation in June 2022 increased to 10.3% in the consumer market of Armenia. Food prices went up by 17.1%.

ArmInfo.Armen Avetisian has been appointed new CEO of VIVA-MTS.

ArmInfo. Armenia today is a country of opportunities with a modern, educated, hardworking human capital, cooperating in various formats with numerous countries.   Armenian Minister of Economy Vahan Kerobyan stated this during his  speech at the solemn opening ceremony of the  Science and Business  Days conference.  He noted that the future of Armenia is in  technological development, building a knowledge-intensive economy,  which is a priority for the government in terms of the development of  the country.

ArmInfo.RA Prime Minister Nikol Pashinyan chaired the first sitting of the Economic Policy Council under the Prime Minister of the Republic of Armenia, held via video  link.