Armenia’s statistics agency recently released its annual report on a number of socio-economic metrics covering sectors from trade to tourism to employment and inflation. Hovhannes Nazaretyan presents some of the more interesting findings reflecting the state of the country.
Earlier this year, the Armenian Government announced a new subsidy program to help attract top talent to the country. The program will subsidize anywhere from 20%-70% of the salaries of graduates from top 400 universities or people who have 10 years of work experience at leading global companies. The program was developed jointly by the Investment Council of Armenia and the Ministry of Economy. Hovsep Patvakanian, head of the Investment Council, joins us to discuss the impact he hopes this program will have, and what other legislative proposals they are currently working on. Hovsep also shared with us his take on Armenia’s economic growth in 2022.
Electricity prices for middle-class families increased for the first time since the 2015 Electric Yerevan protests. Water prices increased for the first time since 2017. As in other countries, life is getting more expensive in Armenia.
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