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The measures to overcome the crisis, caused by the new coronavirus (COVID-19), in the world and Armenia: a comparative analysis

New coronavirus (COVID-19) has disrupted the normal evolution of the world economy. Countries, including the Republic of Armenia, have taken a number of measures to overcome the crisis. Some governments have focused on non-compensable forms of financial assistance, others – on compensable forms. The goal of this research is to study the international experience of measures to contain the COVID-19 crisis, with the aim of assessing the efficacy of the fiscal package developed by the government of the RA. In particular, we analyze the volumes and objectives of the measures taken by the United States of America, some European countries (Germany, Hungary) and the Russian Federation. Based on these findings, we explore the consistency of the anticrisis policy of the government of the RA with the demands of our times and the Armenian reality.

  


The social-economic developments in the economy of the RA for January-March 2020

In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.

  


The Index of Economic Freedom in the RA

The study of indicators and indices published by international organizations allows to address two important problems. First, to assess the performance of the RA in the given period with the help of comprehensive numerical measures, as well as to make intertemporal comparisons in order to understand whether the country moves in the desirable direction. Second, to compare the performance of the RA with other countries to ascertain Armenia’s relative position in the region and Eurasian Economic Union. These results are important, since they help to derive the comprehensive assessment of the economic situation, which is needed both for the public and the private sector. The present analysis is aimed at addressing the foregoing problems. Full material is only available in Armenian.

  


Comparative analysis of the Law of the Republic of Armenia “On amending the law of the Republic of Armenia “On the legal regime of a state of emergency” and the legislation of other countries

On March 31, 2020, in an extraordinary sitting, the National Assembly adopted the laws of the Republic of Armenia “On amending the law of the Republic of Armenia “On the legal regime of a state of emergency” and “On amending the law of the Republic of Armenia “On electronic communication” which allow to record the location and phone calls of citizens on the basis of information provided by mobile operators during the state of emergency declared because of the epidemic. The Human rights defender, a number of other human rights’ activists have expressed their concern about the mentioned draft laws. We conducted a study of international experience on this issue, which highlights the approaches of international organizations and shows that legislative changes in Armenia provide for excessive interference with the rights to protection of personal data and privacy. Full material is only available in Armenian.

  


The social-economic developments in the economy of the RA for January-February 2020

In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.

  


The EU document

On March 18, 2020, the European Union published a document entitled "Eastern Partnership policy beyond 2020", which outlines the new, long-term EU policy for the EaP program after 2020 and sets out the measures under this policy. On March 16, the “Luys” Foundation published an analysis entitled "The prospects for the EU Eastern Partnership program and Armenia", trying to outline the main projects on the future of the Eastern Partnership discussed by Europeans. The document, published on March 18, already clarifies some of the key EU policy approaches to the program. With this analysis, we have attempted to explore the document presented by the EU and understand what the EU's policy towards the EaP project will be after 2020. We presented the main ideas and priorities outlined in the document, and then tried to figure out by which model the EaP program will eventually move forward.

  


Reference on the execution of the budget of the city of Yerevan (2019)

The budget execution report of Yerevan represents the main results – achievements and failures - of activities of the city council in the given period. It shows by how much the actual revenue collection deviates from the planned level. Additionally, the report demonstrates whether the expenditures were made in accordance with the prespecified plan. The budget execution report of Yerevan also characterizes the structure of actual revenues and expenditures. The goal of the present analysis is to study the foregoing report and to make necessary conclusions. Full material is only available in Armenian.

  


Comments on the amended version of the package of draft law “On Amendments and Additions to the Constitutional Law of the Republic of Armenia “On the Judicial Code of the Republic of Armenia” and related draft laws

On March 3, 2020, during regular meetings, the National Assembly of RA adopted, in the first reading, a package of draft law “On Amending and Adding to the Constitutional Law of the RA “Judicial Code of the Republic of Armenia” and related draft laws. “Luys” foundation presented its comments on the draft laws when it still was at the stage of public discussions. In this analysis, we will examine the revised version of the package of drafts, which, among others, provides for changes in the system of disciplinary responsibility of judges, in the procedures and functions of the Commission for the prevention of corruption, in the field of declaring property and income. Full material is only available in Armenian․

  


The prospects for the EU Eastern Partnership Program and Armenia

EU Eastern Partnership (EaP) – “20 Deliverables for 2020” program is coming to an end, and this year EU countries plan to develop a new policy that should become the main guideline for the development of the EaP program in the coming years. Cooperation with the EU within the EaP program is one of the priorities of Armenia's foreign policy, so it is very important to understand what are the EU approaches to possible models of EaP project development. The purpose of this analysis is to understand which projects on the future of the Eastern Partnership are mainly discussed by Europeans, which of them have a greater chance of being implemented. We also tried to present Armenia's priorities within the framework of the program, assess the effectiveness of the steps taken by the Armenian authorities.

  


Analysis of the activities of the Government of the Republic of Armenia aimed at increasing investments (2018-2019)

After the political events of 2018, the new Government of the Republic of Armenia announced about the beginning of an “economic revolution”, one of the key components of which is improvement of the investment environment in Armenia, increase the country's international investment position and attractiveness, and encouragement the flow of large investment to the Republic of Armenia.

The approaches to ensure investment growth were reflected in the pre-election programme of “My step” Alliance, which received the support of the majority of Armenian citizens in the 2018, as well as in the "Program of the Government of the Republic of Armenia" adopted on February 8, 2019.

The purpose of this study is to analyse the promises of the Government of Armenia and main stapes taken for their implementation, and to understand whether Armenia is moving in the right direction to attract investment. Full material is only available in Armenian. 

  


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