AGP Executive Report
Last update: 6 hours agoWorld Bank & Tourism Infrastructure: Armenia’s Economy Minister Gevorg Papoyan met World Bank Country Manager Fabrizio Zarcone to push ahead the €120m TRIP tourism and regional infrastructure program, aimed at building tourism clusters across Goris, Areni, Jermuk, Yeghegis, Dvin, Gyumri and Dilijan (wine, wellness, adventure, culture, education and ecotourism). Inflation Watch: Armenia’s consumer prices rose 5.1% in June year-on-year, with food up 8.8% (meat +12.5%, eggs +29.9%) and education +8.3%. Araratcement Restart: Araratcement resumed production after a four-day shutdown; the Economy Ministry said it’s ready to help resolve operational issues as the plant is set to move to state ownership. Tax Enforcement: The State Revenue Committee reported major tax evasion cases, including a Yerevan sports/fitness center underreporting revenues (estimated unpaid taxes of 832m drams). EAEU Labeling: Armenia saw a 7% rise in registered producers/importers of labeled goods in 2025, while labeling violations fell about 56%. Vocational Education: Enrollment in vocational colleges is up about 10% year-on-year, with thousands of new places and stipends for priority specialties.
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