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Economic news

06.12.2019

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In the near future, a new domestic one will appear on the Armenian air transportation market Airline

04.12.2019

In the near future, a new domestic airline will appear on the Armenian air  transportation market. On December 3, Tatevik Revazyan, Chairman of  the Civil Aviation Committee of the Republic of Armenia, informed the  RA National Assembly about this. According to her, the airline submitted an application for its  registration with the RA Civil Aviation Committee. According to the  airline's business plan, flights...

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Armenian National Assembly Commission Approved Bill on Catering Facilities in Regions

28.11.2019

The NA Standing Committee on Economic Affairs in the second reading approved the draft law submitted by the Enlightened Armenia faction, which is proposed to consider as objects of microenterprises not exceeding the threshold of 24 million drams of turnover in public catering in the regions, and provide them with the opportunity to use the stipulated tax...

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Parliament approves 23,6% raise of minimum wage

19.11.2019

100 Members of Parliament voted in favor of a bill on raising the monthly minimum wage from 55,000 drams to 68,000 drams in Armenia. The bill was authored by ruling My Step bloc MPs Varazdat Karapetyan, Babken Tunyan and Narek Zeynalyan. Initially the MPs had proposed to raise the minimum wage to 63000, but subsequent discussions in the Cabinet led to the government suggesting a higher increase – 68000. The move will raise the salaries...

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14.11.2019

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The price of gas will not rise in Armenia from January 1

05.11.2019

The price of gas will not rise in Armenia starting from January 1. There are no talks on the increase of the price in winter months in the proposals presented by the Public Services Regulatory Commission (PSRC) for the tariff model, PSRC Chairman Garegin Baghramyan told reporters in the Parliament. “We have made a proposal for the model with quite a long timeframe. And now it is under discussion stage. There is no talk on the increase...

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Unemployment rate drops in Armenia

07.10.2019

Unemployment rate has dropped in Armenia by 2.6% in the second quarter of 2019, compared to the same period of 2018, amounting to 17.7%, The Statistical Committee released the respective data. The number of unemployed people comprised 207.2 thousand in the second quarter of 2019, against the 236.4 thousand people in the second quarter of 2018. The unemployment rate has significantly dropped by nearly 4.2% in the second quarter compared to the...

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