The net amount of private remittances entering Armenia has decreased by more than 20 percent, standing at some $1.3 billion in the first nine months of this year, the latest statistical data shows.
In an apparent about-face, the Armenian government has assured refugees from Nagorno-Karabakh that it will pay pensions and other benefits received by them until their exodus to Armenia.
In an effort to boost bilateral trade, Armenia and Iran have agreed to stop levying road taxes from commercial trucks entering each other’s territory.
The Armenian government has awarded a $215 million contact to a consortium of two Iranian companies to upgrade a 32-kilometer section of the main highway connecting Armenia to Iran through its endangered Syunik region.
Azerbaijan allowed Armenian doctors on Tuesday to visit Nagorno-Karabakh to treat and evacuate scores of people injured in Monday’s powerful explosion at a fuel depot outside Stepanakert.
The ruling Civil Contract party expects to score a landslide victory in the upcoming municipal elections in Yerevan, its mayoral candidate, Tigran Avinian, said on Thursday.
Campaigning officially began on Wednesday for municipal elections in Yerevan effectively boycotted by Armenia’s main opposition groups.
Azerbaijan has allowed several dozen residents of Nagorno-Karabakh to travel to Armenia for the first time since tightening its blockade of the Lachin corridor more than two months ago.
Mining and metallurgy, the key manufacturing subsector of the Armenian economy, contacted significantly in the first half of this year despite continued robust GDP growth reported by the country’s government.
Armenians are coping with a heat wave coming from the south as air temperatures in parts of the country are rising to extremely high levels this week.
Taxes paid by Armenian companies importing cars, mobile phones and other consumer electronics increased drastically in the first half of this year, a further sign that they are taking advantage of Western economic sanctions against Russia.
Azerbaijan unblocked Armenia’s supplies of natural gas to Karabakh at the weekend only to halt them again several hours later amid growing shortages of energy, good and medicine experienced by the region’s population.
A court in Azerbaijan sentenced two Armenian soldiers to 11.5 years in prison on Friday more than one month after they were captured by Azerbaijani forces in an apparent cross-border incursion.
A group of Armenian political activists and public figures have begun collecting signatures in support of their demands for making it a crime to recognize Nagorno-Karabakh as part of Azerbaijan.
Economy Minister Vahan Kerobian said on Thursday that Armenia’s leading brandy producer will not cut back on purchases of grapes from domestic farmers this year despite the uncertain future of its vital exports to Russia.
A woman accused of attempting to “kidnap” Prime Minister Nikol Pashinian’s son was freed on Friday after a court in Yerevan gave her a four-year suspended prison sentence at the end of a short trial.
Prime Minister Nikol Pashinian has formed a working group tasked with fleshing out his government’s ambitious plans to build a new nuclear power station in Armenia.
Bowing to apparent Western pressure, Armenia’s government has moved to seriously restrict the re-export of electronics products and components to Russia which has skyrocketed since the Russian invasion of Ukraine.
Annual inflation in Armenia fell from 8.6 percent in 2022 to just 1.3 percent in May this year amid significant drops in the prices of some food products and fuel, according to government data.
The United States has added an Armenian trading company to its long list of entities accused of helping Russia evade U.S. sanctions imposed since the Russian invasion of Ukraine.
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