Saturday, May 24 2025,
ArmInfo. Armenia is considering implementing AWS (Amazon Web Services) Outposts, which will ensure the stability of the regional cloud. This was reported by the press service of the Ministry of High-Tech Industry of Armenia, citing the results of the meeting of the head of the department Mkhitar Hayrapetyan with the vice president and chief cloud officer of the world's leading cloud computing company AWS Jeff Barr.
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Saturday, May 24 2025,
ArmInfo. May 19 to 23, 2025, in Armenia's interbank foreign exchange market, USD transactions showed further growth, with RUB ones showing a growth and no EUR transactions effected for two months. RUB transactions showed a 75% growth against a 30.4% decline the previous week USD transactions showed a 12% growth against 62% growth. The total amount of USD transactions exceeded that of RUB transactions 1.1-fold against 1.7-fold the previous week.
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Friday, May 23 2025,
ArmInfo. The Minister of Finance of Armenia Vahe Hovhannisyan met with Mathieu Vasseur, the regional
director of the French Development Agency (FDA), to discuss financing options for the construction of the Bargushan tunnel, as reported by the press service of the Ministry of Finance of Armenia.
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Friday, May 23 2025,
ArmInfo. The State Revenue Committee (SRC) of Armenia reports that there were 783,547 income-generating jobs according to data from taxpayers regarding income tax and social security contributions for April 2025.
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Friday, May 23 2025,
ArmInfo. On May 23, RA President Vahagn Khachaturyan received Vice President of Amazon Web Services (AWS) Jeff Barr.
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Friday, May 23 2025,
ArmInfo. In the first quarter of 2025, the underfulfillment of capital expenditures in Armenia amounted to almost 70%. This is stated by the experts of the Luys Foundation, analyzing the report on the execution of the state budget of the Republic of Armenia for January-March of this year.
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Friday, May 23 2025,
ArmInfo. Deputy Prime Minister of Armenia Tigran Khachatryan and Director of the Asian Development Bank (ADB) Office in Armenia Donald Lambert exchanged views on the current framework of bilateral cooperation and discussed priority areas of cooperation for the coming years.
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Friday, May 23 2025,
ArmInfo. Over the past year, Armenia has improved its performance in the Global Startup Ecosystem Index by three positions. This was written by the Minister of High-Tech Industry of the Republic of Armenia Mkhitar Hayrapetyan on his Facebook page.
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Thursday, May 22 2025,
ArmInfo.The shadow economy in Armenia is estimated to be around 22%, as stated by Eduard Hakobyan,
the Chairman of the State Revenue Committee (SRC) of Armenia, at a press conference on May 22.
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Thursday, May 22 2025,
ArmInfo. The obsession of state policy with short-term indicators can lead to the loss of economic sovereignty for the country. Vahe Davtyan, a Doctor of Political Sciences and Professor, expressed this viewpoint on his Facebook page referring to data published by the Statistical Committee of Armenia for the first quarter of 2025, which showed a 5.2% increase in the country's gross domestic product (GDP).
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Thursday, May 22 2025,
ArmInfo. In Q1 2025, Armenia's GDP amounted to 2.118 trillion drams ($5.4 billion) in current prices. According to the RA Statistical Committee, annual GDP growth slowed from 9.2% to 5.2%. The GDP deflator index increased to 102.9% (up from 100.8% in Q1 2024). Specifically, in the GDP structure, the construction sector showed an acceleration of annual growth - from 12.4% to 14%, the agricultural sector - from 4.4% to 8.1%, while the trade sector experienced a slowdown in growth - from 25.1% to 5.6% and the energy complex - from 10.5% to 9.7%. The financial sector saw a high growth in the volume of services provided - by 27.5% (compared to 17.2% growth a year ago), and the information and communications sector grew by 16.2% (compared to a 3.2% decline a year ago).
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Thursday, May 22 2025,
ArmInfo. Out of 900,000 declarants, only about 54,000 people reported their income to the tax authorities for 2024. Approximately 23,000 of them have already received reimbursement for social expenses, as stated by Chairman of the State Revenue Committee of Armenia Eduard Hakobyan at a press conference on May 22. According to him, Armenian citizens who made declarations have received totaling over 2 billion drams.
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Thursday, May 22 2025,
ArmInfo.I do not believe that my visit to Georgia will be more effective than daily contacts with our Georgian partners regarding the delay of Armenian cargo at the Gezi terminal. Armenian Minister of Economy Gevorg Papoyan shared a similar viewpoint with journalists during a briefing, when asked about a possible resolution to the issue of Armenian trucks carrying wine and cognac products stranded for over 40 days at the Armenian-Georgian border.
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Thursday, May 22 2025,
ArmInfo. Within the framework of the new tourism strategy, the Middle East will become one of the priority markets for Armenia. This was announced to journalists by Armenian Economy Minister Gevorg Papoyan during a briefing, explaining the government's decision to launch a visa-free regime for citizens of Oman, Saudi Arabia and Bahrain to enter Armenia, as well as residents of friendly countries, including the UAE and Qatar.
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Thursday, May 22 2025,
ArmInfo. Armenia will waive entry visas for citizens of Bahrain, Saudi Arabia and Oman and for foreigners with residence status in these countries, as well as in the United States, the EU, the Schengen Agreement countries, and the UAE. The decision was made on May 22 at a meeting of the Cabinet of Ministers of the Republic of Armenia.
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