AGP Executive Report
Last update: 11 hours agoAnti-Corruption Crackdown: Armenia’s Anti-Corruption Court partially upheld the Prosecutor General’s bid to confiscate about AMD 630m in assets from former President Serzh Sargsyan, including bank deposits, accrued interest, and shares in Yerevan real estate and parking. Oligarch Case Escalates: Law enforcement searched and then detained Prosperous Armenia leader Gagik Tsarukyan after raids across his home and businesses; prosecutors cite fraud and money laundering tied to alleged Iran-Armenia logistics, while defense calls it political vendetta. EU Trade Push: EU Commission President Ursula von der Leyen visited Yerevan, pledging tariff-free access for about 80% of Armenian exports to the EU and an additional €18m tranche, while EU trade specialists plan visits to help exporters find buyers. EAEU-Russia Ties: Russia’s PM Mishustin told Pashinyan that Moscow expects the new Armenian government to keep improving relations and protect Russian investors; Armenia also signaled interest in deeper EAEU participation. Inflation Watch: Armenia’s annual inflation hit 5.1% in June, driven mainly by faster food price growth. Payments Shift: Non-cash card transactions rose to 62% of total volume by April 2026, reflecting continued cash-to-card migration. Visa & Mobility: Armenia extended visa-free entry for eligible GCC travelers until July 2027, aiming to boost tourism and cross-border travel. Food Safety for Exports: Parliament advanced final approval of EU-aligned rules to register fish farms and processors and issue veterinary certificates for EU fish exports. Infrastructure Spending: Government approved a $650m Yerevan package including Ajapnyak metro station construction and metro modernization.
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