PM Nikol Pashinyan has unveiled the first draft package of the measures aimed at eliminating the economic consequences due to the COVID19 pandemic. “The goal of this measure is to support the mitigation of risks related to forecast current consumption of individual businesses in Armenia”, he said. Pashinyan said that any resident private commercial organization or entrepreneur (who has been active for at least the past one year in...

According to preliminary  data, the economic growth in Armenia in 2019 formed 7.6%, Armenian Deputy Prime Minister Tigran Avinyan mentioned on his   social networks pages. According to him, this is the highest  indicator  since 2008. According to statistical data, in January-December 2019, the trading  sector with the volume of 3.249 trillion holds leadership in absolute  terms. drams ($ 6.8 billion). In...

The Government of Armenia has raised the amounts of baby bonuses and child benefits with the purpose of improving the demographic situation. Under previous regulations, the baby bonus for the first child was 50,000 drams, and 150,000 drams for the second child. By the new amendments, the baby bonus for both the first and second child will be 300,000 drams. The decision will come into effect from July 2020. The Cabinet also approved another...