Economy

Lydian Armenia has transferred 12.5% of its shares to the Armenian government. The agreement was signed at the Ministry of Economy of Armenia. Minister of Economy Gevorg Papoyan signed on behalf of the government, while Hayk Aloyan, the director of Lydian Armenia CJSC, represented the company.

Minister Arpine Sargsyan addressed the issue of visa liberalization with the EU. She mentioned that the official start of the operational phase has been given.

The funding agreement for the “Strengthening Nuclear Safety, Radiation Protection, and Radioactive Waste Management Infrastructure in Armenia” was approved during the Government’s meeting on December 27. A total of €12.9 million in technical assistance is allocated for improving nuclear safety in Armenia.

During the government meeting on December 27, a new decision was made regarding the export of coregonus roe. Starting from January 2, 2025, the export of coregonus roe from Armenia to the EAEU and other countries has been banned for another 6 months.

The Armenian government plans to introduce tariff quotas for certain goods imported from the Republic of Serbia in 2025

Armenia plans to issue Eurobonds in 2025, with preparatory work already underway. This information was according to Finance Minister Vahe Hovhannisyan during the annual summary press conference.

The economic activity index in Armenia for January-November 2024 was 7.4% compared to the same period of the previous year. The data is published on the website of the Statistical Committee of Armenia.

During a concluding press conference, Armenia’s Finance Minister Vahe Hovhannisyan addressed the issue of undelivered weapons from Russia and touched on discussions regarding offsetting Armenia’s debt through bilateral obligations with Russia.

On December 24, the Yerevan City Council introduced a proposal to calculate the waste collection fee starting in 2025 based on the apartment’s area

Along with the New Year celebrations, price changes in some supermarkets in Yerevan are already evident