Artsakhpress

Economy

Armenian Deputy PM Grigoryan, Belarusian counterpart discuss cooperation

Armenian Deputy Prime Minister Mher Grigoryan held a meeting with the visiting Deputy Prime Minister of Belarus Piotr Parkhomchik on Monday.

Sarsang water levels drop at alarming rate amid blockade, farmers in both Artsakh and Azerbaijan to be affected

Artsakh authorities are sounding the alarm that the Sarsang Reservoir water levels keep dropping 50cm every day amid the Azeri blockade.

Artsakh Republic GDP comprised 288 billion drams in 2022

The Gross Domestic Product (GDP) of the Artsakh Republic comprised 288.8 billion drams in January-December 2022.

Due to the blockade, the construction of private houses in Hovsepavan has slowed down, but still continues

Despite the limited opportunities due to the blockade, the construction works of the new residential district being built for the displaced people in the area adjacent to the Hovsepavan community of Askerani region is underway.

The State Minister of the Republic of Artsakh met with businessmen

On March 2, the State Minister of the Republic of Artsakh, Gurgen Nersisyan, together with the Chairman of the Standing Committee on Financial, Budgetary and Economic Management of the National Assembly, Artur Harutyunyan, met with a group of representatives of the business sector, the press service of the Artsakh Government stated.

Dollar, euro drop in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 388.95/$1 in Armenia on Thursday; this is down by AMD 0.06 from Wednesday in the country, according to the official website of the Central Bank of Armenia.

Despite the lack of building materials, the construction of apartment buildings continues on Tigran Mets Street in Stepanakert (Photos)

The construction of a new neighborhood being built with the financial support of the Hayastan All-Armenian Fund continues in the area adjacent to Tigran Mets Street in Stepanakert.

Administrative cases initiated against 13 business entities for the application of inflated retail prices on a number of products

The State Commission for the Regulation of Public Services and Economic Competition of the Republic of Artsakh initiated administrative cases against 13 business entities for the application of inflated retail prices on a number of products. The cases were initiated against 4 business entities in Stepanakert, 5 in Askeran, 2 in Martakert, and 1 in the communities of Verin Horatagh and Harutyunagomer of the Martakert region, Artsakh InfoCenter informed.

Due to the situation created in the economy, tax revenues and duties of the state budget decreased

The State Revenue Committee of the Republic of Artsakh presented indicators of the tax revenues and duties for the month of January 2023.

Due to the ongoing blockade many problems have arisen in Artsakh's agriculture. Deputy Minister

Due to the ongoing blockade by Azerbaijan, many problems have arisen in the agricultural sector of the Artsakh Republic, including the replenishment of the fodder base, the first deputy minister of agriculture of Artsakh, Tigran Arstamyan, told Artsakhpress.

Oil prices slowly growing

World oil prices are rising slightly Wednesday morning, including in anticipation that the U.S. Federal Reserve (Fed) will raise the discount rate, but not by much, according to trading data and analyst commentary.

Dollar decreases, euro increases in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 395.65/$1 in Armenia on Thursday; this is down by AMD 0.37 from Wednesday in the country, according to the official website of the Central Bank of Armenia, news.am informs.

World oil prices fluctuate

World oil prices are fluctuating Thursday morning, and trading data attest to this.

Over 1000 cut jobs, closed businesses in blockaded Artsakh

Due to Azerbaijan blocking the Lachin Corridor, the only road connecting Artsakh to Armenia and the outer world, more than 1000 jobs have been cut in Artsakh; businesses have been temporarily closed.

President Harutyunyan signs law on Artsakh State Budget for 2023

Artsakh President Arayik Harutyunyan on Friday signed the Law on the State Budget of the Artsakh Republic for 2023.

Armenia to provide 4-billion-dram additional assistance to Artsakh

The Government of Armenia will provide an additional 4 billion drams in assistance to Artsakh, Prime Minister Nikol Pashinyan announced during the Cabinet meeting.

Artsakh's government applies for an international ecological examination of "Base Metal" mine

The Government of the Republic of Artsakh, once again re-confirms that mining industry in Artsakh operates in line with the highest international standards, to which conform also the regulations prescribed by the relevant legislation, the Government of Artsakh said in a statement.

The main problem is related to diesel fuel, but these days the autumn sowing continued. Deputy Minister

Despite the created situation, autumn sowing works continue in the regions of Martuni, Martakert and Askeran of the Republic of Artsakh. Deputy Minister of Agriculture Vilen Avetisyan told "Artsakhpress".

Fuel and food reserves are sufficient in the Artsakh Republic

Fuel and food reserves are sufficient in the Republic of Artsakh, the Artsakh Information Center reports.

“Artsakh Republic State Budget 2023” Draft Discussed at the Close Joint Sitting of the Standing Committees on Defense, Security and Law Enforcement and Budget, Financial and Economic Management

November 29, under the chairmanship of Seyran Hayrapetyan and Artur Harutyunyan, a joint closed sitting of the Artsakh Republic NA Standing Committees on Defense, Security and Law Enforcement and Budget, Financial and Economic Management was convened.