ArmInfo.  In Q1 2025, Armenia's GDP amounted to 2.118 trillion drams ($5.4 billion) in current prices. According to the RA Statistical Committee, annual GDP growth slowed from 9.2% to 5.2%. The GDP deflator index increased to 102.9% (up  from 100.8% in Q1 2024).  Specifically, in the GDP structure, the construction sector showed an acceleration of annual growth - from 12.4% to 14%, the agricultural sector - from 4.4% to 8.1%, while the trade sector experienced a slowdown in growth - from 25.1% to 5.6% and the energy complex - from 10.5% to 9.7%. The financial sector saw a high growth in the volume of services provided - by 27.5% (compared to 17.2% growth a year ago), and the information and communications  sector grew by 16.2% (compared to a 3.2% decline a year ago). 

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ArmInfo. Out of 900,000 declarants,  only about 54,000 people reported their income to the tax authorities for 2024. Approximately 23,000 of them have already received reimbursement for social expenses, as stated by  Chairman of the State Revenue Committee of Armenia Eduard Hakobyan at a press conference on May 22.  According to him, Armenian citizens who made declarations have received totaling over 2 billion drams.

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ArmInfo.I do not believe that my visit to Georgia will be more effective than daily contacts with our Georgian partners regarding the delay of Armenian cargo at the Gezi terminal. Armenian Minister of Economy Gevorg Papoyan shared a  similar viewpoint with journalists during a briefing, when asked  about a possible resolution to the issue of Armenian trucks carrying wine and cognac products stranded for over 40 days at the Armenian-Georgian border. 

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ArmInfo. Within the framework of the new tourism strategy, the Middle East will become one of the priority markets for Armenia. This was announced to journalists by Armenian Economy Minister Gevorg Papoyan during a briefing, explaining the government's decision to launch a visa-free regime for  citizens of Oman, Saudi Arabia and Bahrain to enter Armenia, as well as residents of friendly countries, including the UAE and Qatar.

ArmInfo.  Armenia will waive entry visas for citizens of Bahrain, Saudi Arabia and Oman and for foreigners with residence status in these countries, as well as in the United States, the EU, the Schengen Agreement countries, and the  UAE. The decision was made on May 22 at a meeting of the Cabinet of Ministers of the Republic of Armenia.

ArmInfo. A seminar with the participation of government bodies and businesses of the Eurasian Economic Union countries, dedicated to the development of industry cooperation, identifying and eliminating barriers to mutual trade  with Serbia, was held on May 21 at the Eurasian Economic Commission under the chairmanship of the EEC Minister of Trade Andrey Slepnev. As reported by the EEC press service, the event is aimed at intensifying cooperation within the framework of the Free Trade Agreement between the EAEU and its member states, on the one hand, and the Republic of Serbia, on the other hand.

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan will take part in the next meeting of the Council of the Eurasian Economic Commission. This is stated in the  statement of the RA government.

ArmInfo.On May 21, Chairman of the State Revenue Committee Eduard Hakobyan met with the head of the  expert group of the International Monetary Fund, Michael Andrew Hardy.

ArmInfo.Trade turnover between Russia and Armenia demonstrated impressive results last year,  reaching $1.6 billion. Russian Foreign Minister Sergey Lavrov stated this at a joint press conference with his Armenian counterpart Ararat Mirzoyan following talks held in Yerevan on May 21.

ArmInfo. The head of the Center for Social and Economic Development referred to the  situation on Armenian-Georgian border as Georgia's terror against the cognac  production in Armenia. He made this statement during a protest  outside the Georgian Embassy in Armenia. The protest involved representatives of companies whose vehicles carrying cognac products have been detained at the border for over 40 days due to Georgia conducting  laboratory examinations on products, which are in transit to the country. The producers stated  that such checks are not required by  law.

ArmInfo. IDBank has opened a new branch in the city of Kapan. The Bank’s team has already received positive feedback from customers, who are happy to note that in addition to online transactions, they now have the option of receiving service at a physical branch when needed.

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ArmInfo. The Ministry of Economy of Armenia has developed a program to assist legal entities and individual entrepreneurs operating in the tourism sector through the introduction of a mechanism. The project is posted on the unified portal of legal acts.

ArmInfo. By 2030, Armenia plans to increase the number of international tourist visits annually to 10%. As a result, it is expected to increase revenue to $3 billion annually. This is stated in the Strategic Program for Tourism Development of the Republic of Armenia for 2026-2030 and the action plan to ensure its implementation, published by the Ministry of  Economy on the single portal of legal acts.

ArmInfo.Team Telecom Armenia has completely modernized its mobile network in Tavushk, thanks to which thousands of residents of the region are already enjoying  significantly higher quality and faster communication.

ArmInfo. Corporate bonds of a medical institution will be introduced on the capital market of Armenia for the first time. These are registered coupon bonds of the Vardanants Innovative Medicine Center (Arinterlev CJSC) with a total nominal value of 1 billion AMD, which were listed on the Armenian Stock Exchange (AMX) on May 20 and will be available for trading on Exchange's primary bond market ( Abond) on May 23.