Economy

Armenia-Mongolia trade relations are set to undergo changes, resulting in greater liberalization of trade between the two parties

With 66 votes in favor, 30 against, and 0 abstentions, the National Assembly approved the 2025 state budget draft.

From November 29 to December 1, Armenia observed Black Friday. Compared to previous years, this year’s purchases significantly exceeded past records.

2 fishing boats have been seized by eco-patrol officers from the lakeside area of Noratus, Gegharkunik region.

The changes in the exchange rate of the dollar on November 27 and the following days (397 drams) have already had some impact on Armenia’s economy

At the government meeting on November 28, it was decided that in 2025, no customs duty will be imposed on the import of 8,000 electric vehicles

Temporary restrictions on the import of cement will be applied in Armenia

During today’s government meeting, a decision was made to ban the export of wheat, meslin, barley, corn, buckwheats, sunflower seeds, and sunflower oil from the Republic of Armenia to countries that are not members of the Eurasian Economic Union (EAEU) for a period of six months.

According to the data from the State Revenue Committee for the third quarter of 2024, Armenia’s 5 largest banks collectively paid 55.736 billion drams in taxes to the state.

The Ministry of Economy proposes another program to support exports by compensating transportation costs.