RA Prime Minister: State budget revenues are never high

 Monday, November 2 2026 13:09:11
RA Prime Minister: State budget revenues are never high

ArmInfo. Compared to 2017, Armenia's state budget revenues will triple in 2027. This was announced by Prime Minister Nikol Pashinyan on November 2 during discussions of the draft state budget at a joint session of the National Assembly committees.

The Ministry of Economy considered the possibility of implementing an extended producer responsibility system with the support of UNIDO.
 Friday, October 30 2026 18:20

ArmInfo. Armenian Deputy Minister of Economy Tigran Gasparyan received a delegation led by Qiong Zhou, Deputy Director-General of the United Nations Industrial Development Organization (UNIDO) and Executive Director of the Directorate for Technical Cooperation and Sustainable Industrial Development.

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Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products.
 Friday, October 30 2026 17:48

ArmInfo. Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products. According to the State Standard, reviewed by a TASS correspondent, the import and circulation of two brands of this alcoholic beverage has been banned since October 31.

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Economist: Armenia`s withdrawal from the EAEU could lead to the cessation of financial intermediation, and such a scenario would deal a much stronger blow to the country`s economy
 Friday, October 30 2026 15:15

ArmInfo. Armenia's withdrawal from the EAEU could lead to the cessation of banking and financial intermediation, and such a scenario would deal a much stronger blow to the economy than the 4.6% reduction, as this sector is the main driver of economic growth. Economist Aghasi Tavadyan wrote this on his Facebook page.

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Armenia and India discussed prospects for developing trade, economic, and investment cooperation
 Friday, October 30 2026 14:43

ArmInfo. In New Delhi, Armenian Deputy Minister of Foreign Affairs and International Trade Mnatsakan Safaryan held meetings with representatives of the Confederation of Indian Industry (Confederation of Indian Industry), Invest India, and the Pharmaceutical Export Promotion Council of India (Pharmexcil).

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The Minister of Economy listened to proposals from the Armenian business community.
 Friday, October 30 2026 13:34

ArmInfo. Armenian Economy Minister Gevorg Papoyan held a business breakfast with business representatives as part of the "Mantashyants 100" format. According to the press service of the Ministry of Economy, the meeting discussed economic processes in Armenia, the business environment, existing challenges, and new opportunities in various sectors.

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Yerevan became the cheapest foreign holiday destination for Russians in November.
 Friday, October 30 2026 12:20

ArmInfo. Yerevan was the cheapest foreign vacation destination for Russians in November – the average cost of accommodation there fell by 57% compared to October, reaching 10,100 rubles per night, the OneTwoTrip travel service told RIA Novosti.

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Armenia and Iran intend to intensify cooperation in the field of high technologies
 Friday, October 30 2026 11:26

Arminfo.  Minister of High-Tech Industry and Artificial Intelligence of the Republic of Armenia David Tadevosyan received Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to the Republic of Armenia Khalil Shirgolami.

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The Chairman of the State Revenue Committee of Armenia took part in the global event of the Smart Customs project, which was held at the WTO headquarters in Brussels
 Friday, October 30 2026 10:43

ArmInfo. Eduard Hakobyan, Chairman of the State Revenue Committee of the Republic of Armenia, participated in the global event of the "Smart Customs" project, held at the headquarters of the World Customs Organization (WCO) in Brussels.

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The RA Ambassador to the United States presented Armenia`s investment potential
 Friday, October 30 2026 10:42

ArmInfo. Armenian Ambassador to the United States Narek Mkrtchyan participated in and spoke at a roundtable discussion organized by the Virginia/DC District Export Council, the RA Embassy reported.

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Participants of the EFSD conference in Astana discussed economic policy priorities in the new cycle
 Thursday, October 29 2026 17:26

ArmInfo. A plenary session, "Maintaining the High Ground: Economic Policy Priorities in the New Cycle," was held in Astana as part of the Eurasian Fund for Stabilization and Development (EFSD) International Economic Conference, "Towards Balanced Economic Development."

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EFSD: Increased economic activity will help Armenia respond to demographic challenges
 Thursday, October 29 2026 17:23

ArmInfo. Involving unemployed citizens in the economy and reducing unemployment can offset Armenia's shrinking working-age population. This conclusion is contained in the flagship report of the Eurasian Fund for Stabilization and Development (EFSD), "Economic Growth, Demography, and the Labor Market: Reality and Challenges," presented at the EFSD International Economic Conference in Astana.

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Armenia and Norway expressed interest in expanding economic cooperation
 Thursday, October 29 2026 15:50

ArmInfo. Ruben Mkhitaryan, Chairman of the Standing Committee on Territorial Administration and Environmental Protection of the Armenian Parliament, met with a delegation led by Mani Husseini, Chairman of the Standing Committee on Energy and Environment of the Norwegian Parliament.

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Candidate for Member of the Central Bank Council: Possible Changes in Energy Prices Could Seriously Affect Armenia’s Macroeconomic Stability
 Thursday, October 29 2026 15:46

Arminfo.  Discussions on the candidacy of a nominee for membership in the Board of the Central Bank of the Republic of Armenia began at the plenary session of the National Assembly of the Republic of Armenia on October 29.

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In Armenia, confectionery, semi-finished products, and frozen foods will be included in the list of goods subject to labeling.
 Thursday, October 29 2026 12:47

ArmInfo. In Armenia, confectionery, semi-finished products, and frozen foods will be included in the list of goods subject to labeling. The RA government approved the list of products subject to labeling under the pilot program at its October 29 meeting.

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Deputy Prime Minister: The railway under the TRIPP project will be built along the same route it used during Soviet times
 Wednesday, October 28 2026 18:18

ArmInfo. The railway under the TRIPP project will be built along the same route it used during Soviet times. Deputy Prime Minister Mher Grigoryan announced this on October 28 during government hour in the National Assembly of the Republic of Armenia, responding to a question from Marianna Ghahramanyan, a member of the National Assembly of the Republic of Armenia from the opposition Strong Armenia faction.

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Ministry of Finance: It is too early to say what impact the implementation of the TRIPP project will have on Armenia`s state budget.
 Wednesday, October 28 2026 18:07

ArmInfo. It is too early to say what impact the implementation of the TRIPP project will have on Armenia's state budget. This was stated by RA Minister of Finance Vahe Hovhannisyan during government hour in the National Assembly on October 28, responding to a question from MP Anush Mirzoyan, a member of parliament from the opposition Strong Armenia faction.

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Armenian companies will receive benefits when exporting services to the UAE market
 Wednesday, October 28 2026 14:20

ArmInfo. Armenian companies will receive benefits when exporting services to the United Arab Emirates market. The National Assembly of the Republic of Armenia ratified the agreement "On Trade in Services and Investments" between the two countries at its plenary session on October 28.

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The reporting procedure for public sector organizations will be streamlined in Armenia
 Wednesday, October 28 2026 12:04

ArmInfo. The reporting procedure for public sector organizations in Armenia will be streamlined. The National Assembly of the Republic of Armenia will discuss amendments to the law "On Accounting of Public Sector Organizations" in the first reading at its plenary session on October 28.

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Armenia and Poland discussed the possibility of expanding bilateral cooperation in the customs and tax spheres
 Wednesday, October 28 2026 11:57

ArmInfo. Armenia and Poland discussed opportunities to expand bilateral cooperation and exchange experience in customs and tax matters. This was reported by the press service of the State Revenue Committee (SRC), citing the results of a meeting at the Committee with Bartosz Gruszecki, accredited representative of the Polish Minister of Finance for customs and tax cooperation.

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Armenian Deputy Prime Minister Receives ADB Vice President
 Wednesday, October 28 2026 11:18

ArmInfo. Armenian Deputy Prime Minister Mher Grigoryan received a delegation led by Asian Development Bank (ADB) Vice President Vempi Saputra.

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News
RA Prime Minister: State budget revenues are never highRA Prime Minister: State budget revenues are never high
Armenia`s gross international reserves approach $7 billion, setting a new record by October 2026Armenia`s gross international reserves approach $7 billion, setting a new record by October 2026
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On the Armenian interbank currency market, dollar transactions decreased from October 26 to 30, while ruble transactions began to grow.On the Armenian interbank currency market, dollar transactions decreased from October 26 to 30, while ruble transactions began to grow.
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The Ministry of Economy considered the possibility of implementing an extended producer responsibility system with the support of UNIDO.The Ministry of Economy considered the possibility of implementing an extended producer responsibility system with the support of UNIDO.
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Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products.Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products.
Economist: Armenia`s withdrawal from the EAEU could lead to the cessation of financial intermediation, and such a scenario would deal a much stronger blow to the country`s economyEconomist: Armenia`s withdrawal from the EAEU could lead to the cessation of financial intermediation, and such a scenario would deal a much stronger blow to the country`s economy
Armenia and India discussed prospects for developing trade, economic, and investment cooperationArmenia and India discussed prospects for developing trade, economic, and investment cooperation
Martin Galstyan: The Central Bank of Armenia raised the budgetary liquidity ratio to 2.25%, estimating the amount of additional capital to absorb unexpected losses under an expected shock of 250 billion dramsMartin Galstyan: The Central Bank of Armenia raised the budgetary liquidity ratio to 2.25%, estimating the amount of additional capital to absorb unexpected losses under an expected shock of 250 billion drams
The Minister of Economy listened to proposals from the Armenian business community.The Minister of Economy listened to proposals from the Armenian business community.
Sevak Mikaelyan became a member of the Board of the Central Bank of ArmeniaSevak Mikaelyan became a member of the Board of the Central Bank of Armenia
Yerevan became the cheapest foreign holiday destination for Russians in November.Yerevan became the cheapest foreign holiday destination for Russians in November.
Armenia and Iran intend to intensify cooperation in the field of high technologiesArmenia and Iran intend to intensify cooperation in the field of high technologies
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The Chairman of the State Revenue Committee of Armenia took part in the global event of the Smart Customs project, which was held at the WTO headquarters in BrusselsThe Chairman of the State Revenue Committee of Armenia took part in the global event of the Smart Customs project, which was held at the WTO headquarters in Brussels
The RA Ambassador to the United States presented Armenia`s investment potentialThe RA Ambassador to the United States presented Armenia`s investment potential
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Armenia notes the importance of creating conditions that will enable the effective and responsible use of AI tools for the benefit of the public and private sectors.Armenia notes the importance of creating conditions that will enable the effective and responsible use of AI tools for the benefit of the public and private sectors.
The Armenian Minister of Finance discussed education development and business support with the head of AGFUND.The Armenian Minister of Finance discussed education development and business support with the head of AGFUND.
Sevak Mikaelyan: The country`s banking system`s loan portfolio has already approached 9 trillion drams.Sevak Mikaelyan: The country`s banking system`s loan portfolio has already approached 9 trillion drams.
Participants of the EFSD conference in Astana discussed economic policy priorities in the new cycleParticipants of the EFSD conference in Astana discussed economic policy priorities in the new cycle
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Armenia and Norway expressed interest in expanding economic cooperationArmenia and Norway expressed interest in expanding economic cooperation
Candidate for Member of the Central Bank Council: Possible Changes in Energy Prices Could Seriously Affect Armenia’s Macroeconomic StabilityCandidate for Member of the Central Bank Council: Possible Changes in Energy Prices Could Seriously Affect Armenia’s Macroeconomic Stability
In Armenia, confectionery, semi-finished products, and frozen foods will be included in the list of goods subject to labeling.In Armenia, confectionery, semi-finished products, and frozen foods will be included in the list of goods subject to labeling.
As of January 1, 2027, Armenia`s universal health insurance system will expand to cover more than 350,000 citizensAs of January 1, 2027, Armenia`s universal health insurance system will expand to cover more than 350,000 citizens
Developing a green bond market requires not only cooperation between all players, but also direct government participationDeveloping a green bond market requires not only cooperation between all players, but also direct government participation
Deputy Prime Minister: The railway under the TRIPP project will be built along the same route it used during Soviet timesDeputy Prime Minister: The railway under the TRIPP project will be built along the same route it used during Soviet times
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The reporting procedure for public sector organizations will be streamlined in ArmeniaThe reporting procedure for public sector organizations will be streamlined in Armenia
Armenia and Poland discussed the possibility of expanding bilateral cooperation in the customs and tax spheresArmenia and Poland discussed the possibility of expanding bilateral cooperation in the customs and tax spheres
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The Armenian delegation took part in the 33rd session of the Coordination Council of Heads of Tax Authorities of the CIS in TajikistanThe Armenian delegation took part in the 33rd session of the Coordination Council of Heads of Tax Authorities of the CIS in Tajikistan
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The Armenian Ambassador attended the inauguration of the US Ambassador for Cyberspace and Digital Policy.The Armenian Ambassador attended the inauguration of the US Ambassador for Cyberspace and Digital Policy.
Armenia highly appreciates the World Bank`s commitment to providing the necessary financial resources to enhance climate resilienceArmenia highly appreciates the World Bank`s commitment to providing the necessary financial resources to enhance climate resilience
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Armenia’s banking system increased payments to the state treasury by 13.7% over nine months.Armenia’s banking system increased payments to the state treasury by 13.7% over nine months.
Armenian telecom operators paid $91.1 million into the state budget over the first nine months of 2026.Armenian telecom operators paid $91.1 million into the state budget over the first nine months of 2026.
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Armenia`s top 5 taxpayers paid $686.4 million to the state treasury in the first nine months of the year, with a 24% year-on-year increase. ZMMK, Ardshinbank, and Gazprom Armenia topped the listArmenia`s top 5 taxpayers paid $686.4 million to the state treasury in the first nine months of the year, with a 24% year-on-year increase. ZMMK, Ardshinbank, and Gazprom Armenia topped the list
Compared to 2018, state funding for R&D in Armenia has increased almost 2.8 timesCompared to 2018, state funding for R&D in Armenia has increased almost 2.8 times
At a meeting of the State Investment Committee, a number of projects in the areas of water management, road infrastructure, rescue services, and digitalization were approvedAt a meeting of the State Investment Committee, a number of projects in the areas of water management, road infrastructure, rescue services, and digitalization were approved
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Exchange rates
30.10.2026
RUB4.490.01
USD360.14-0.16
EUR403.361.66
GBP483.673.64
CAD258.110.48
JPY22.910.11
CNY54.130.04
CHF438.613.62




Experts
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning itExpert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
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
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Commented
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