Armenia will take a new loan from the World Bank to replenish the state budget

May 272026

Armenia will take a new loan from the World Bank to replenish the state budget. The relevant decision was made at today’s government meeting

With the loan amount of 170.3 million euros, the legislation “On Economic Competition” will be improved, additional legal guarantees will be provided to investors. The powers of the Armenian Competition and Consumer Protection Commission to prevent price speculation and other anti-competitive activities will also be expanded.

The loan will be provided at an interest rate of approximately 3.7% per annum, with a term of 28 years and a grace period of 10 years.

The State Department, for one hour, US Secretary of State Marco Rubio’s visit to Armenia

May 272026

After completing his four-day visit to India, US Secretary of State Marco Rubio decided to visit Armenia for an hour (literally). Without leaving the territory of “Zvartnots” airport and not wishing to go to the city, the head of the State Department signed the framework agreement on Trump’s intended route through Syunik region (TRIPP) with RA Minister of Foreign Affairs Ararat Mirzoyan in the VIP hall. At a press conference after the signing, Rubio called the document “the biggest step to date to bring this historic route to life.”

It is known that the so-called “Trump route” (TRIPP) is intended to connect the main territory of Azerbaijan to the exclave of the Nakhichevan Autonomous Republic through the Syunik Marz of Armenia. Yerevan and Baku agreed to create a route through the mediation of US President Donald Trump in Washington in August 2025, while initialing the peace agreement.

“The president is extremely proud not only of TRIPP […] but of all the other projects we continue to implement,” Rubio said, adding that they “lay the foundation for an economic partnership that will allow Armenians to make money and prosper, and Americans to do the same.”

“And you, and the Prime Minister, and your entire team here in Armenia, are paving the way to a brighter and independent future of Armenia,” the high-ranking American guest continued to encourage the interlocutors. Rubio and Mirzoyan also signed the strategic partnership charter, and the Armenian minister stated that Armenian-American relations are “stronger today than ever”.

“It will not be an exaggeration to say that we have entered a historically unprecedented stage, taking into account the frequent events taking place on our bilateral agenda,” he was quoted as saying by local news agencies. The document, the text of which was published on the RA MFA website, reaffirms the importance of bilateral relations and the desire to deepen cooperation in various fields, including diplomacy, economy, energy, high technologies, education, science, culture, law, defense and security.

In addition (and this is much more important), the heads of the foreign affairs departments of Armenia and the United States signed a memorandum on the extraction of rare minerals, which, according to Rubio, “are necessary for all these technologies and innovations. Countries that can do this will be able to gain economic independence and be at the center of innovation in the 21st century.” Rubio left Armenia shortly after, ending a visit that lasted just over an hour.

France Presse notes: Armenia was historically an ally of Russia until “Moscow was unable to prevent Azerbaijan’s blitzkrieg in 2023”, resulting in the eventual reconquest of the separatist Karabakh region.

Since then (and actually even earlier), Prime Minister Nikol Pashinyan’s government has frozen Armenia’s membership in the Russian-led CSTO military alliance and expressed interest in joining the European Union, much to the displeasure of the Kremlin.

Armenia was balancing on the border until the US and Israel began aggression against Iran, which had long maintained friendly relations with Yerevan. Armenia has assured Iran that the TRIPP corridor will remain under its sovereignty, not the US.

At the same time, the French media paid attention to the fact that within the framework of the agreement on joint work between Washington and Yerevan in the field of rare minerals signed on the 26th of the month, it is actually a key priority not only for the USA, but also for China. The Celestial Empire dominates the field of rare earths and, just as importantly, has the necessary technology to mine them. It is not excluded that the reference to China’s interests is not accidental, hinting at the prospects of turning Armenia, as well as the entire Caucasus, into another field of confrontation between the United States and China.

Back in April, US Deputy Ambassador to Yerevan Andrew Johnson, during a special event organized for geologists, discussed The topic of mining prospects in Syunik marz. “The USA considers Armenia’s geological and mining potential as a strategic asset. With transparent and sustainable development, it can stimulate economic growth, support regional stability and create opportunities for future generations. We are ready to support those efforts.”

For the Trump administration, forcing rare mineral development deals on “Third World” partners is standard colonialism. is practice: Rare countries are considered an extremely promising branch, and it is important for the Americans to follow the most promising directions in order to have more arguments in the dialogue with the Armenian government, regardless of the results of the June parliamentary elections (although the Trump administration’s sympathy is clear):

Moreover, the negotiations on the details of the cooperation may last for years, and the results may not justify the initial expectations. American scholar Suren Sargsyan կարծիքով՝ Pashinyan and his team use any contact with officials across the ocean for the election campaign. “The authorities will do everything to exploit the visit of the Secretary of State for their own PR campaign.”

However, the White House will support any government in Yerevan that is willing to advance American interests, and the visit is primarily needed to reinforce the Trump Route project and increase pressure on their neighbor south of Arax.

Yuri Blackish

vpoanalytics.com

Թարգմանությունը՝ Jeanne Avetisyan




One person was detained for illegal trafficking of more than 13 kg of drugs

As a result of the procedural and evidentiary actions carried out during the preliminary investigation of the criminal proceedings initiated by the RA Investigative Committee’s Serious Crime Investigation Department of the Yerevan City Investigation Department, it was revealed that J.K. attempted to sell large quantities of narcotics, as well as purchased large quantities of “a-PVP” weighing 16.98 grams and 13 kg of “Marijuana” narcotics (valued at around 700 thousand USD) in different places. the circumstances of cases of keeping.


A public criminal prosecution was initiated against J.K. under Article 44-393, Part 3, Clause 2 of the RA Criminal Code (in particular, the attempt to illegally sell large quantities of narcotics) and Article 393, Part 3, Clause 2 (in particular, for the purpose of carrying out illegal trafficking of large quantities of narcotics or their illegal sale).


Arrest was applied to the latter as a preventive measure.


The criminal proceedings regarding J.K. were sent to the supervising prosecutor with an indictment.


Notice: the person accused of a crime is considered innocent until his guilt is proven in accordance with the procedure established by the Code of Criminal Procedure by a legally binding court verdict.

Trade restrains the growth of economic activity. “light”

“Luys” Foundation analyzed the socio-economic developments of the RA economy in 2026. in January-April.


Thus.


2026 In the months of January-April, the economic activity continued to be maintained at a relatively high level, but there are signs of slowing down in the growth structure. In April, the growth of the economic activity index was around 7.1%, slightly accelerating compared to March, but the cumulative growth decreased to 6.9%, compared to 7.1% in January-March. The main drivers of growth are industry and services, while weak trade dynamics continue to limit faster growth in economic activity. This proves that the high growth of economic activity is maintained, but its structure has become more unbalanced.


The growth of the industry recovered somewhat in April, but the dynamics of the sector remains unstable. The growth of industrial output in April was 11.7%, as a result of which the cumulative growth of January-April was 13.0%, remaining close to the level of 13.4% in January-March. At the same time, the sector’s growth continues to be significantly influenced by individual subsectors and short-term factors, including high growth in mining and base metal production. The high growth of the latter is largely due to factors related to re-exports and may stop or decline sharply at any time.


The dynamics of foreign trade worsened again in April, confirming the unstable nature of the increases recorded in previous months. Export volumes decreased by 25.9% in April, as a result of which the cumulative indicator for January-April became negative, making -3.3%, against the 6.4% growth of January-March. Import growth has also weakened. In April, imports decreased by 5.8%, and cumulative growth slowed to 2.5%. This proves that the recovery of foreign trade in the previous months was not stable and continues to depend mostly on factors related to individual product groups and re-exports.


The inflationary environment has become more worrisome as inflation continued to accelerate in April. 2026 In April, the 12-month inflation reached 5.3% against 4.5% in March. The acceleration of inflation is mainly due to the increase in the prices of food and transport services. In these conditions, despite the strengthening of inflationary pressures, the Central Bank kept the refinancing rate at 6.5% at the beginning of May, which shows that the position of the monetary policy has not been tightened yet.


 In the fiscal sector, revenue growth has been maintained, but the structure of expenditures remains a concern, especially due to the reduction of capital expenditures. 2026 In January-April, the total revenues of the state budget increased by 13.7%, and tax revenues by 14.4%. At the same time, the 7.6% increase in general expenses was mainly due to the 14.7% increase in current expenses, while capital expenses decreased by 41.3%. This means that the budget spending policy continues to be dominated by the expansion of current expenditures, and capital expenditures do not fully fulfill their role in increasing the quality and long-term potential of economic growth.


High growth rates in the construction sector and high credit growth continue to support domestic demand, but at the same time may increase macroeconomic risks. The cumulative growth of construction in January-April reached 22.9%, and the volume of loans provided to the construction sector increased by 23.6% (by 168.3 billion drams) compared to the same period last year. The combination of high growth in the construction sector and expansion of lending to construction calls for additional attention, especially in terms of potential risks around real estate market demand and future price dynamics.

Posting an outline of Stalin’s map is a clear manifestation of the politicization of the army

 


Human rights defender Ruben Melikyan wrote:


“Placing a propaganda image, an outline of Stalin’s map, which is not a state symbol of RA and is used by the ruling force on the coat of arms of the RA armed forces, is a clear manifestation of the politicization of the army.


This circumstance is an additional argument for ignoring the “shameful parade” to be held tomorrow.

In RA, the driving license will be restored without an examination, with a probationary period

Photo: sputnik

Citizens who have been deprived of the right to drive in Armenia will be given the opportunity to restore the document once without passing an examination, upon payment of a state fee and a strict one-year probationary period.


The relevant legislative draft was presented by the Minister of Internal Affairs at the government meeting on May 27 Arpine Sargsyan. Under current regulations, the restoration of driving license after the expiration of the period of revocation requires the passing of mandatory examinations, regardless of whether the revocation is for the first time or not. The new model proposes to allow citizens to restore the right to drive by paying a state fee of 50,000 drams within one year after the expiration of the one-year period of deprivation.


This opportunity will be given only once and comes with strict restrictions. After reinstatement, a probationary period is established, during which the driver will be given only 6 penalty points instead of the standard 13. If the driver consumes those 6 points or during that time again commits such a violation that implies deprivation, he will automatically be deprived of the right to drive a vehicle for another year. The minister emphasized that a stricter methodology is emphasized in the new model, because under normal circumstances, when 13 points are consumed, the right is only suspended, not deprived.


In the case of the second and every subsequent deprivation, rehabilitation will be carried out exclusively through examinations. The draft also contains a transitional provision that will allow deprived persons between January 1, 2020 and May 1, 2026 to also benefit from this new rehabilitation procedure.


The norm will apply only to the decisions made by the police within the framework of the administration. It will not apply to forfeitures imposed by courts or foreign competent authorities. In addition, the procedure will not work in the case of recognizing a person as incapable, as well as in the case of suspension of the right to drive based on mental illnesses, use of narcotics or psychotropic substances and other health contraindications.

We made a repayment of about 9 million dollars from the credit obligations of the National Agricultural University

The other day, we paid off another 9 million US dollars from the credit obligations of “HETC” CJSC to international banks. Romanos Petrosyan, the temporary manager of the National Economic and Social Committee, wrote about it on his Facebook page.


“2025 as of July, at the time of the initiation of administrative proceedings by the President of the PSC, the Company had credit obligations to international and local banks, as well as issued bonds (including accrued interest) of about 396.8 million. in the amount of US dollars, of which only international banks – about 123.3 million. USD (in addition: with the pledge of 100% of the Company’s shares).


At the moment, the credit portfolio of HEC is about 347.6 million. US dollars, of which the amount of international loans is 93.2 million. USD.


According to that, during the period of temporary administration, we reduced the financial obligations of the National Bank of Ukraine to international and local banks by about 50 million US dollars (including early repayments).


Moreover. the payments were made exclusively at the expense of own funds, in parallel with the current financial and economic normal operations, without the involvement of additional financial funds,” the note states.

The salary of museum workers will increase by 57%. a new program in RA

Photo: 1lurer.am

The Armenian government is launching a new phase of reforms in the cultural sector. with the introduction of the certification system, the salary of museum employees will increase by 57 percent on average, with the aim of solving the problem of the lack of young personnel.


On May 27, the executive approved the redistribution project in the state budget, allocating 151.8 million drams for the implementation of this cultural initiative. According to the Minister of Education, Science, Culture and Sports Zhanna Andreasyan, the main goal of the program is the introduction of an interrelated, effective mechanism for professional development and salary growth in the museum sector.


Low wages in the sector have led to serious systemic challenges. The minister emphasized that unattractive financial conditions limit professional growth, reduce the interest of young professionals and create significant risks for the quality of museum management and preservation. In order to solve the problem, a new certification procedure has already been developed and approved, which involves checking professional knowledge and skills in written and oral stages.


The process will start in July, and employees who successfully pass it will receive corresponding bonuses. It is planned that the average monthly salary of the specialists included in the eight job groups will be around 200 thousand drams. As an additional social guarantee, most certified employees will also have access to a health insurance package. Next, it is planned to introduce a similar mechanism in the library system.

Final rehearsals completed for Republic Day military parade in Yerevan

Videos12:37, 27 May 2026
Read the article in:EspañolՀայերենRussian

Preparations for the highly anticipated military parade scheduled for Republic Day on May 28 in central Yerevan were completed on Wednesday, with the Defense Ministry vowing to showcase reformed armed forces to the public.

“We have completed the final preparations for the parade,” Minister of Defense Suren Papikyan said in Yerevan’s central square, as the military orchestra rehearsed for the event.

“On May 28, starting at 9:30, we are expecting everyone at Republic Square. Come and [witness] Armenia’s new army—with a new appearance, new armament, and new uniforms,” the minister said in a video message.

The Defense Ministry had earlier unveiled a new emblem of the army.



Northern Terroir Wines Brought the Spirit of Tavush to Guests of the Concours

Economy13:26, 27 May 2026
Read the article in: ArabicՀայերենRussian

Following the official opening of the internationally renowned Concours Mondial de Bruxelles 2026, held in Armenia for the first time in history, Northern Terroir, part of the Team Group of Companies, hosted an exclusive private tasting evening at Grand Hotel Yerevan. The event welcomed international sommeliers, wine journalists and industry representatives, hospitality professionals, and tour operators who arrived in Armenia as part of one of the world’s most prestigious wine competitions.

Bringing together around 130 guests, the event aimed to introduce international visitors to the landscapes, gastronomy, and indigenous grape varieties of Tavush, one of Armenia’s northern wine regions, while highlighting the country’s growing role within the global wine industry.

Held under the concept of “Wild Luxury,” the evening was designed as an immersive presentation of northern Armenia through wine, food, aroma, and storytelling. Guests were guided through a tasting experience centered around Lalvari and Banants, indigenous Armenian grape varieties that stand at the core of Northern Terroir’s wines.

“Hosting international wine professionals during CMB 2026 was an important moment not only for Northern Terroir, but for Armenian wine more broadly,” said Zara Mazmanyan, General Director of Northern Terroir. “We wanted guests to experience Tavush not only through wine, but through its food culture, atmosphere, and the people behind the region.”

The tasting presentation was led by Northern Terroir Brand Ambassador Aram Kirakosyan, who introduced guests to the winery, winemaking philosophy, and the character of Tavush terroir.

Throughout the evening, wines were paired with dishes inspired by regional ingredients and local food traditions. The gastronomic concept was curated by Ani Harutyunyan, Founder of Arm Food Lab, Co-founder of Ootelie Artisan Bakery and Caffeine Coffee Roasters, in collaboration with wine expert Stepan Hajyan.

“Tavush cuisine is deeply connected to seasonality, preservation, and ingredients gathered from the surrounding landscape,” said Ani Harutyunyan. “The pairings were created to reflect the character of the region while naturally complementing the wines.”

The pairings included ZOÉ Sparkling served with wild spring greens and heritage grain sourdough crisps, TUS Classic accompanied by a savory wild mushroom gata reinterpretation, and TUS Reserve paired with free-range Tavush pork.

Such events contribute to Armenia’s growing visibility not only as a winemaking region, but also as an emerging destination for wine tourism, gastronomy, and hospitality.

About Northern Terroir

Northern Terroir was founded in 2017 with a vision to encapsulate the distinctive essence of Armenia’s Tavush province in its wines. Embracing the unique northern terroir of Tavush, our vineyards in Haghtanak village are meticulously tended to harness the region’s natural blessings. Situated at an average altitude of 450 meters, our vineyards benefit from a continental climate, characterized by warm summers and gentle winters.

The professionalism of our specialists, a systematic approach, dedication, and a strong sense of belonging to the team contribute to Northern Terroir’s success and growing recognition.

Read the article in: ArabicՀայերենRussian

Published by Armenpress, original at