Economy
Armenia's foreign trade turnover for the first 11 months has dropped by 33.2%, totalling $18.9 billion. Russia is at the forefront, with China and the UAE following closely behind
The volume of Armenia's foreign and mutual trade from January to November 2025, in comparison to the same timeframe in 2024, has decreased by 33.2%, reaching $18,908,366.3 thousand, as reported by the Statistical Committee.Armenia's economy stands to save approximately 16.4 billion drams thanks to fuel imports from Azerbaijan, according to Papoyan
The process of importing goods from Azerbaijan to Armenia is now regarded as sustainable, stated Economy Minister Gevorg Papoyan during an interview on Public TV.Top 10 Most Significant Economic Events in Armenia in 2025
The year 2025 was a turning point for the Armenian economy, and in many ways atypical: large-scale social reforms, sensitive infrastructure and energy decisions, new geo-economic routes, and a significant adjustment in foreign trade shaped a complex and multi-layered agenda.Grain and gasoline supplies to Armenia via Azerbaijan are growing. Papoyan predicted a decline in fuel prices
In 2025, 6,580 tons of grain, including 1,000 tons from Kazakhstan and 5,580 tons from Russia, as well as 1,210 tons of Azerbaijani gasoline, entered Armenia by rail through Azerbaijan, reported Armenian Economy Minister Gevorg Papoyan.Armenia's state budget revenues from taxes and duties in 2025 amounted to 2.72 trillion drams, up 14%
In 2025, Armenia generated 2.72 trillion drams in tax revenues and customs duties, exceeding the 2024 figure by more than 334.3 billion drams, or 14%, according to the State Revenue Committee.Russia again reminds Armenia of contradictions between EU and EAEU regulations
Russia is openly telling its Armenian counterparts that harmonizing its legal framework with the EU will inevitably conflict with the corresponding EAEU regulations, stated Russian Deputy Foreign Minister Mikhail Galuzin.News 1 - 20 of 15977
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