Economy

In 2026, Armenia will host the 17th Conference of the Parties (COP17) to the United Nations Convention on Biological Diversity. The UN Biodiversity Conferences are among the largest environmental events. They were held every two years.

As of January 15, 2025, Lilia Sirakanyan has been appointed Deputy Minister of Economy. The decision was made by Prime Minister Nikol Pashinyan.

As part of the income declaration system, the state plans to set a threshold below which transfers will not require declaration. Chairman of the State Revenue Committee (SRC), Eduard Hakobyan, announced this during a press conference summarizing the results of 2024.

At the government session held on January 16, changes were approved to the subsidy program for interest rates on loans provided for agricultural raw material procurement

The Central Bank has decided to implement a unified system for QR payments. A requirement for interoperability in making payments or transfers using QR codes has been established. This will come into effect on October 1.

During a press conference held on January 13, Minister of Economy Gevorg Papoyan announced that temporary restrictions have been imposed on the import of pigs to Armenia starting from January 1

During a press conference held on January 13, Minister of Economy Gevorg Papoyan stated that Armenia is not considering replacing the Eurasian Economic Union (EAEU) with another entity. He emphasized that Armenia needs to improve the export of competitive goods to various countries.

In a press conference summarizing the work of the Ministry of Economy in 2024, Minister Gevorg Papoyan discussed the flow of tourists visiting Armenia, noting that approximately 2.215 million tourists visited Armenia in 2024.

Economy Minister Gevorg Papoyan, summarizing the work of the department in 2024 at a press conference, also discussed the planned activities for 2025. The minister spoke about the implementation of the “Peace Crossroads” program and the crucial need for the “Shirak Dry Port” project in this context.

Economy Minister Gevorg Papoyan, summarizing the department’s work in 2024, stated at a press conference that the government plans to allocate 42-43 billion drams for the agriculture sector in 2025.