The objective of the present analysis is to assess the execution of the state budget of the RA in the given period. First, we describe the general state of the economy of the RA, namely the driving forces of economic activity, the developments in individual sectors of the economy, the behavior of the components of the demand – consumption and investment – and so on. Afterwards, we analyze the performance of government revenues and expenditures by comparing the actual and planned values of the respective indicators. We conclude the analysis by summarizing the main observations and results. Full material is only available in Armenian․

In its recent publications, including those published by “Luys” Foundation, the Armenian Center for American Studies has regularly discussed and analyzed the competition and  interests of the main players in the South Caucasus: Russia, Turkey, the United States, and Iran. The latest developments in Georgia were the subject of separate observation as a vivid example of active competition between Russia and the USA. Recently, we referred to the active US policy in the South Caucasus in general, and in Armenia in particular.  
Taking into account the features of this competition and the unprecedented activity of international players in recent days, we present this article, which aims to understand the trajectory of developments, as well as the interests of the main players and their contradictions. Full material is only available in Armenian.

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 primary document that defines the medium-term (that is, for the upcoming three years) objectives of the government of the RA is the framework of public medium-term expenditures (MTEF), which is at the same time one of the main tools for fiscal policy communication. The effective use of the MTEF for that purpose is especially important in both crisis and post-crisis periods, as it can give policy signals to economic agents, positively affect expectations and decrease the uncertainty in the economy. The present analysis is aimed at exploring the MTEF for 2025-2027, in particular the structure of the program, the main macroeconomic forecasts and directions of fiscal policy, which reflect the government's expectations regarding the further development of the economic situation as well as government actions to ensure a rapid economic recovery. Full material is only available in Armenian.

During the reporting period, the Luys Foundation team carried out large-scale analytical-research work, covering a wide variety of topics.Our focus is on the current developments in law, economy, politics, international relations. During the year, our team published around 50 researches, in which not only the existing problems and challenges were analyzed, but also appropriate solutions were sought and suggested. Full material is only available in Armenian.

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.

The tragic death of the President of the Islamic Republic of Iran, Ibrahim Raisi, and other senior officials in northwestern Iran in a plane crash comes amid unprecedented tensions in the region. The early presidential elections scheduled for June 28, 2024 in Iran are unique in their nature and significance.

In this article, we have tried to understand the characteristics of the current presidential elections in Iran, to evaluate what kind of impact they will have on the latter's regional politics. We have come to the conclusion that in the event of the victory of any candidate, there is no reason to expect revolutionary changes in Iran's policy in the region. At the same time, the strengthening of the positions of conservative forces as a result of the elections may make Iran's response to the developments in the region more drastic, limiting the opportunities for the countries of the region to maneuver between different geopolitical forces.

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 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.

This reference summarizes the annual report for the year 2023 of the Audit Chamber of the Republic of Armenia on audits selected via risk-based methodology. In particular, the reference presents the general description of the above-mentioned audits (areas of auditing, types, nature of registered violations, etc.), as well as the most significant facts of the audits included in the annual report. Full material is only available in Armenian․