The Index of Economic Freedom in the RA (2025)
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 social-economic developments in the economy of the RA for January 2025
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 social-economic developments in the economy of the RA for January-December 2024
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 social-economic developments in the economy of the RA for January-November 2024
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), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.
Reference on the budget of Yerevan of 2025
The budget of Yerevan sets the priorities of the economy of the city for the upcoming year. In the budget the planned level of revenues, as well as its structure is presented. In addition, the planned level of expenditures and its distribution by functional and economic classifications are determined. The forecasting of revenues and expenditures is followed by the planning of the budget deficit and the sources of financing it. Given the importance of this document and the programs embedded there, the present analysis aims to assess whether the budget of Yerevan and its structure are consistent with the problems confronting the city. Full material is only available in Armenian.
Reference on the state budget of the RA of 2025
The present analysis is devoted to the investigation of the key aspects of the state budget of the RA. First, we consider the projections of macroeconomic variables forming the basis of the budget, then we analyse the planned values of parameters of the general and central budget of the RA. We pay particular attention to the comparison of the planned values of revenues and expenditures with the actual levels observed in previous years. In the end we make conclusions in order to assess whether the budget addresses the problems that exist in the RA. Full material is only available in Armenian.
Amendments to the electoral code: Managing the electoral process during states of emergency and martial law
The government has proposed a draft law amending the Electoral Code. The primary focus of the draft is to regulate the appointment and conduct of elections during periods of martial law or a state of emergency. It includes a provision allowing for the cancellation of elections to the National Assembly or local self-government bodies if martial law or a state of emergency is declared after voting has taken place but before the preliminary election results are finalized and ratified by protocol.
The Venice Commission has criticized this provision, recommending its removal from the draft law. The Commission emphasized that once the will of the electorate has been established (although not yet known as the votes have yet to be counted), it should be respected and protected. Full material is only available in Armenian.
The social-economic developments in the economy of the RA for January-October 2024
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.
A study on the execution report of the state budget of the RA for the first nine months of 2024
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․
Artsakh։ What to do?
In 2020 Azerbaijan and its accomplice Turkey, who committed grave war crimes and crimes against humanity during the 44-day Azerbaijani-Turkish military aggression against Artsakh (Nagorno Karabakh), taking advantage of the inaction of the authorities of the Republic of Armenia, organized and carried out another large-scale military aggression in September 2023, which had obvious manifestations of ethnic cleansing and genocide. As a result, in order to avoid physical destruction, the entire population of Artsakh left their native cradle. Although there is some sentiment in political circles that the problem of Artsakh no longer has prospects, however, it is obvious that the catastrophe has also repeated itself for the reason that proper conclusions were not drawn from a similar catastrophe that occurred about 100 years ago and the existing deep problems were not solved. Since the sharp turns associated with the settlement of the Artsakh problem (in 1998 and in 2018) are the result of the change of power in Armenia, therefore, it is necessary to find out whether there are prerequisites for the return of the settlement process to the normal course of self-determination.
To this end, the study conducted a comparative analysis of two periods, the 90s and 2018-2024, based on 8 factors to determine the presence of prerequisites and opportunities for such a turnaround. It was revealed that there are two circumstances that seriously complicate the solution of the problem.
The first is the absence of the population of Artsakh in the cradle, the second is the surrender of 2020 as opposed to victory in the first Artsakh war in 1994. The basis for overcoming the first difficulty can be the fact that all structures of the international community constantly confirm the need for the unconditional realization of the right to return of the people of Artsakh, who were subjected to ethnic cleansing and genocide. Of course, in order not to push the people of Artsakh to a new catastrophe, it is necessary that international security guarantees be created, in particular, UN peacekeeping forces be deployed on the borders of Artsakh.
The solution to the second problem can be expected from the formation of a political force that will have a spiritual and moral value basis and will become an institutionalized structure. However, the most important condition for returning to Artsakh and restoring the settlement process is a radical revision of the role of the leadership of Artsakh. The leadership of Artsakh should assume the role of the main person responsible for the fate of Artsakh and the people of Artsakh and not concede it to anyone, including the leadership of the Republic of Armenia. International law considers a self-determining people to be the only one entitled to determine their political status. An important condition for turning the catastrophic developments in the republics of Artsakh and Armenia and turning the processes into irreversible ones is also the institutionalization of parties with a system-forming mission of political systems in the two Armenian states. Full material is only available in Armenian.