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Armenia’s tourism sector sees extended season and growth

Economy11:24, 25 May 2026
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Armenia’s tourism season is showing extended growth and stronger year-round activity, according to Mekhak Apresyan, president of the Armenian Tourism Federation.

In comments to Armenpress, he said the traditional tourism season has expanded from March to mid-November, with rising visitor numbers and increasing arrivals during the New Year period. Apresyan also noted a year-on-year increase in inbound tourism.

Apresyan lauded the “promising” start of the tourism season.

While many years ago the tourism season in Armenia used to begin in April with Easter celebrations and end in October, it has now been significantly extended, he said.

“The tourism season now starts to become active from March through mid-November. In other words, our policy of extending the tourism season is producing results,” he said.

According to Mekhak Apresyan, the number of tourists spending New Year in Armenia is also increasing year by year.

He said that from mid-January to March, tourist flows usually become less active, and the task is to fill that period, with significant work also being carried out in that direction.

The president of the Armenian Tourism Federation noted that 386,741 tourists visited Armenia in the first quarter of last year, while in the same period this year the number increased by 66,397. 

“We had about 453,000 inbound tourist visits this year. Russia is in first place with about 39 percent, followed by Georgia, then Europe as a whole, and then Iran and the United States,” he said, adding that in recent years there has also been increased activity from Gulf countries, as citizens of those states often prefer to spend the winter in Armenia.

The situation in the Middle East has also had a negative impact, according to Apresyan. He said that there were no visits during the Nowruz celebrations this year, whereas usually many Iranians travel to Armenia during these holidays.

Speaking about outbound tourism, Apresyan noted that Armenians continue to prefer coastal destinations, while European countries also remain popular choices.

Addressing sector challenges, he said that one of Armenia’s main problems is that it is landlocked. However, he added that direct flights have partially helped address this accessibility issue in recent years.

He also pointed to difficulties at European embassies and visa centers in issuing visas to Armenian citizens.

“Tourism is, by its nature, a phenomenon that feeds other sectors of the economy and is also fed by them. Therefore, we must properly value the role and importance of tourism, as well as adequately present our historical and cultural heritage,” Apresyan added.

Published by Armenpress, original at 

Armenia’s financial system records growth across all sectors

Economy16:23, 25 May 2026
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Armenia’s financial system continued to grow throughout 2025, maintaining a high capacity to withstand shocks, Central Bank Governor Martin Galstyan has said.

Presenting the 2025 Financial Stability Report, Galstyan said growth was recorded across all sectors of the system.

According to him, the assets of the banking system continue to account for the majority of the financial system’s total assets—around 82%.

Galstyan added that pension funds rank second in terms of asset size, with a 9.3% share, and their assets have grown faster than those of all other segments.

In 2025, the banking system’s loan portfolio to the economy grew by about 23%, while deposits in the banking system increased by 13%.

Over the past three years, loan growth has almost twice exceeded annual deposit growth. This means that the high demand for credit in the economy has also been financed using the banking system’s capital, Galstyan said.

He noted that high growth rates were recorded in both household and business lending.

According to the Central Bank Governor, the strong expansion of lending has mainly been driven by robust income growth in the economy. In the case of mortgage lending, a natural slowdown in growth rates has been observed, while the volume of new disbursements has continued to remain high.

The Central Bank chief emphasized that in the lending process, it is important to properly assess borrowers’ debt burden and their ability to service it. This assessment should take into account not only the current macroeconomic environment but also risk estimates derived from potential pessimistic scenarios.

He added that amid economic income growth and high lending activity, the share of non-performing loans and credit losses has remained at a low level.

Speaking about the real estate market, Galstyan noted that in 2025 there has been a relative stabilization in demand, as well as a slowdown in price growth trends.

He also stated that the price-to-rent ratio for residential real estate in Armenia has increased, which could reduce the investment attractiveness of real estate. In recent years, there has been some slight growth in prices, while rental rates have declined.

Galstyan said that in recent years, the strong growth in lending to the construction sector and the continuous increase in the area of residential buildings commissioned could, in the context of a gradual saturation of real estate demand, create risks of excess supply and an increase in credit losses on construction loans.

He added that, by year-end, the banking system recorded high profitability, mainly driven by the growth of net interest income, which is largely the result of increased volumes amid expanding financial intermediation. The banking system’s capital adequacy ratio remained at a high level.

Galstyan also emphasized that in 2025, among financial stability risks, those stemming from high global political and economic uncertainty continue to be dominant.

He noted that in 2026, the ongoing conflict in the Middle East has caused a significant negative supply shock to the global economy, leading to a sharp rise in energy prices and increased volatility in financial markets. According to assessments, even if the conflict ends, the world will continue to feel its effects for several months.

Among domestic risks, he stressed that the potential accumulation of credit risks due to high growth rates in lending remains a key concern.

Published by Armenpress, original at 

Central Bank of Armenia: exchange rates and prices of precious metals – 25-05-

17:04, 25 May 2026
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The Central Bank of Armenia informs “Armenpress” that today, 25 May, USD exchange rate up by 0.04 drams to 368.01 drams. EUR exchange rate up by 1.74 drams to 428.44 drams. Russian Ruble exchange rate down by 0.0282 drams to 5.1334 drams. GBP exchange rate up by 2.52 drams to 496.45 drams.

The Central Bank has set the following prices for precious metals.

Gold price up by 17 drams to 53316 drams.

Read the article in: ArmenianRussian:

Published by Armenpress, original at 

Calls for support from Turkey to the de facto authorities of RA continue

Calls for support to the de facto authorities of Armenia continue from Turkey.


Another Turkish diplomat who sent words of support to Pashinyan is Halil Akinci, who is the founding secretary of the Organization of Turkic States.


Puzzled by the Turkish authorities’ policy of not opening the border of Armenia, Ambassador Ajinj stated in an interview with “Cumhuriyet” newspaper.


“Besides Pashinyan, is there any other politician among those who have been nominated as a candidate for the prime minister in the elections of Armenia, who has undertaken to change the constitution of Armenia and has not avoided opposing the Diaspora and the Church in this matter?”


In that context, when the preliminary signing of the Azerbaijan-Armenia agreement took place and it was clearly decided that the Zangezur corridor should be opened and operational as soon as possible, isn’t the opening of the border checkpoint just a matter of time? If so, what harm is there if the border checkpoint is opened before the Armenian elections and thus support for Pashinyan is shown?”


I have explained why Turkey will not open the border here https. 


And in this case, it is worth reminding my following rhetorical question.

Will these statements made in the pre-election period receive the same severe and intense critical response from the Armenian authorities and their supporters as various statements with similar content, but already originating from the interests of another country (eg, Russia) receive? Especially since in this case we are dealing not only with journalists, but with former statesmen, who still have a certain influence in the political circles of Turkey.


Turkologist Varuzhan Geghamyan




Why is the atmosphere of Armenia becoming radicalized?

Our strategic task is to achieve de-escalation within the country and at the borders. A week or two ago, at the beginning of the campaign, I said that the greatest danger is if we think that the fate of Armenia will be decided in some other capital. The fate of Armenia is not decided in Moscow, Washington, Brussels, or Paris. The fate of Armenia is decided in Yerevan. And June 7 is exclusively internal Armenian elections. If we think otherwise, it will be decided in Baku.
 
Unfortunately, there is still no proper perception of this imperative idea in our pre-election stage.
 
We are recording a significant escalation within our country. Our four sides are a problem, we are going on the path of escalation internally. The idea of ​​internal solidarity, which was the leading principle of the Propose Armenia PAP program, faced a barrage of aggression and threats from ONE person. What does Armenia gain? What do we gain? No one wins.
 
We also got an escalation on the external border, in this case, in relations with Russia. Was the price of playing Zelensky worth it, that many branches of our economy face the real danger of bankruptcy?
 
Zelensky was in Baku before coming to Yerevan. But he did not make provocative anti-Russian statements there. He did not say a word. He considered that provocations cannot be made in Azerbaijan, Azerbaijan is not that country, but it is possible in Armenia. Why did he do that? Let’s think about this.
 
By the way, there is information circulating in the Azerbaijani press that it is possible that R. Vardanyan should be extradited to Ukraine, allegedly for financing anti-Ukrainian activities in Donbass.
 
I don’t know if it’s true or a bait. In both cases, it is very dangerous. We should not let anyone try to make our country a new Ukraine. There are many people who want it, our seriousness is our weapon.
 
There is no rational answer as to why the government is radicalizing the atmosphere. It’s not a time to hold power, it’s not a time for various transformations. Why does the program, even if it is a sharp debate, change the atmosphere to radicalization? That issue should be discussed within the government itself. No one will benefit from it. Internal escalation will very quickly lead to external escalation, in one way or another, in one way or another.
 
Vahe Hovhannisyan




CC: Armenian Opposition Leaders’ Homes, Offices Raided Ahead Of Elections


Election Monitors Decry ‘Forced Attendance’ Of Pashinian Rallies


CC: The State Department Should Place Turkey on the Special Watch List


Dear Ruben, you have shown with your life and choices what it means to be

May 252026

Samvel Karapetyan, leader of the “Strong Armenia” party, congratulated Ruben Vardanyan on his birthday.

“Dear Ruben,

It’s been the third year that your family, your relatives and friends have not been able to personally congratulate you on your birthday, shake your hand. However, physical distance and the walls of Baku prison cannot separate you from your relatives and your people. your presence and deeds are in the everyday life of our homeland, our people.

True patriotism is not just words, but taking responsibility for the well-being and security of one’s own people. You showed with your life and choice what it means to be a true patriot, ready for the greatest deprivations.

I wish you endurance, good health and courage of soul. The return of you and our other friends is a matter of honor for all of us.”

“We will revolt. I have supported Pashinyan since 2008, we rejected Serzh

May 252026

Since May 22, Russia has limited the import of flowers from Armenia, according to the statement of “Rosselkhoznadzor”, the purpose of the decision is to ensure the protection of a healthy phytosanitary environment.
“Despite the guarantees provided by the RA Ministry of Education, quarantine plants for the Ministry of Agriculture continue to be found. During the importation of 96.2 million flowers and plants, 135 such cases were recorded, which is 77 percent of the total cases detected in the entire year 2025,” noted “Rosselkhoznadzor”.

Today 168.am He was in Armavir region, he talked Florist Artak Tovmasyan from Zvartnots who has been facing the same problem for a year and cannot export the flowers he produces to Russia or sell them in the domestic market.

“This problem is not new, exactly one year ago this problem arose when “Rosselkhoznadzor” presented demands that Armenian flowers are not imported to Russia, but are also brought from other countries and exported to Russia. I don’t know how true this is, but the villagers suffer as a result of all this.

In other words, a year ago they should have come and inspected the greenhouses, given a license, taken the addresses from the Ministry of Internal Affairs and Communications, I didn’t give mine, I said: you will come to me at the very end. Whoever gave an address, they did not go to anyone, they only went to the big greenhouse owners. But the flower cultivated by the peasant is in no way inferior to the flowers imported from Ecuador and Europe.

Read also

  • “Papoyan is banging his head against the wall, everyone is lying… we are bankrupt, it turns out that next year we have to close the greenhouses, buy the tickets and emigrate.” Florist
  • “The problem has not been solved, we understand that the old money workers should be removed from the “between” so that the new “hungry” ones can come.” Greenhouse owner
  • The damages suffered are enormous. everyone has a place next to his greenhouse, he puts the unsold flower there; greenhouse owner

The reason for all this is political, if they didn’t come, they didn’t check the quality of these flowers, they didn’t tell me that there is a flower, but they tell me: don’t export, what is this? I exported for 12 years, there was no problem, but now there is a problem, isn’t this political? When the question was raised here: EATM or EU, “Rosselkhoznadzor” told me: “Very well, open your greenhouses, we are coming to check, to see if you are co-responsible for our market”, Artak Tovmasyan mentioned.

As for Economy Minister Gevorg Papoyan’s statement that “regularly they receive information that certain internal forces of RA are inciting the Armenian producer to face a problem”, Artak Tovmasyan noted that we can convey to Gevorg Papoyan that we have found these “internal forces”.

“What is the “inner strength”? Tell me, we have found it. It is me with my flowers. I am a flower producer and have been exporting for 12 years. It is not in my favor, but I must say that for 12 years, when I sent my flower to Russia, I was convinced that there might be a prohibited pest on my flower, but people turned a blind eye. And when they decided here that flowers should not enter the Russian market, then this problem arose, what “internal forces” are we talking about? Let Gevorg Papoyan come, let us go around together, let him see what problems we have.

We cannot export our flowers to the European market, because there the requirements are stricter.

In the past, greenhouse owners were considered rich people in rural communities because people made money, but now they have become more vulnerable. We haven’t been able to export flowers for so long, whoever had the money made an investment, but they can’t sell what they produce. Because of this problem, I no longer have a good credit history, I have pawned the last gold, after 1-2 months I will not be able to pay the interest on the gold. This is called bankruptcy, a person becomes bankrupt of his mind, it also happens when we have Gevorgpapoyans and SATM. They want to do an election campaign, let them go to the flower market in the evening, they will hear a lot of new things about them. The season of apricots and grapes is approaching, what will the villagers do? It’s been 3 days, this problem exists, no one says anything, they only say: “internal forces are inciting”, yes, the internal force is me, I am the instigator,” added our interlocutor.

According to his observation, the government should not help the greenhouse owners, it should not interfere with its behavior and foreign policy.

In 2025, the florist suffered a loss of 40 million drams, and this year and in this period he has already suffered a loss of 15 million drams, invested 50 million on the greenhouse, and 13 million on flowers.

“In my greenhouse, 8 workers worked for 8 thousand drams a day, but now I have no workers, 8 people are already unemployed in my greenhouse alone, pesticide sellers are also suffering, starting with the producer and seller of this thread, they are suffering because we do not export flowers.

We will rebel, many greenhouse owners allow you to take pictures of their greenhouse, but avoid talking. In general, give Gevorg Papoyan a bus in Yerevan, let him drive, he is a person far removed from economics, he does not know what is happening in his country. Now that Gevorg Papoyan says to develop intensive horticulture, to demolish this greenhouse, to establish an apricot orchard, and “Rosselkhoznadzor” discovers such a problem again, what am I going to do?

I have supported Nikol Pashinyan since 2008, we wanted changes. We rejected Serzh so that we could live better, but we rejected him and now we live worse.

I earned all the money to establish this greenhouse in Russia, I brought it here to live and work in my country. Now we are in a worse condition and neglected than under all other leaders,” the flower grower said.

The situation is the same in other villages of Armavir region, where florists simply take the flowers out of the greenhouse in the form of garbage and throw them away. In Aghavnatun village, thousands of flowers were filled in front of almost all the greenhouses, some of them were taken to the landfill by trucks.

Details in the video of 168.am