#ECONOMY
Papoyan emphasizes importance of economic diversification
Armenia is working to enhance the resilience of its economy, with one of the key priorities being the diversification of the economy, said Minister of Economy Gevorg Papoyan during the government Q&A session in parliament today, as he addressed a question about whether the government is preparing for a possible economic shift from the Eurasian Economic Union (EEU) to the EU, and if there is a means to assess and mitigate the associated risks.In H1 Armenia's gross agricultural, forestry, and fish farming output increased by 7.2% to AMD 353.6 billion
According to the National Statistical Committee, the output in Armenia's agriculture, forestry, and fish farming sectors amounted to AMD 353,652.5 million at current prices in the first half of 2025, marking a 7.3% increase compared to the same period in 2024.Food products in Armenia in July increased in price by 4.7% over a year, and decreased by 2.7% over a month
In July 2025, prices for food products and soft drinks increased by 4.7% compared to July 2024, but decreased by 2.7% over the course of one month. This information comes from the National Statistical Committee of Armenia's report.In July, Armenia's 12-month inflation rate was 3.8%, while prices fell 0.8% over the month
Compared to July 2024, inflation in Armenia was 3.4% in July 2025, while prices fell by 0.8% over the month. These figures are supported by data from the National Statistical Committee (NSC) of Armenia.More than 10 billion drams will be invested in Yerevan storm drain system – mayor’s adviser
10 billion 88 million drams will be allocated for the construction and reconstruction of the storm drain system at 50 addresses in Yerevan (52 km 695 meters), said Kamo Areyan, adviser to the capital’s mayor.News 1 - 20 of 584
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