Your trusted source

State pensions will increase in Armenia by 10 percent starting from 1 January 2020, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.

The PM said the decision was made on Wednesday when the government approved the medium-term expenditure program for 2020-2022 at a closed meeting.

Pashinyan said the salaries of teachers are set to increase from 1 September this year.

“The government will also attempt to resolve the housing issue of the citizens who have lost their homes as a result of the 1988 earthquake as part of the same program,” he said, adding 3 billion drams will be allocated in this regard.

The Armenian leader said the details of the program will also be clarified during further discussions.

Also, Pashinyan reminded that the salaries of military have already been increased since June this year.

The PM said yesterday’s meeting also addressed another important issue. “Our key task is to have a roadmap for achieving inclusive high economic growth. We believe the main solution to this problem is through the development of reprocessing, technological industry and tourism,” he said.

Pashinyan said he has discussed the matter during his Vietnam and Singapore visits. He stressed the need to set up a working circle including companies engaged in reprocessing industry and specifically those companies that make a finished product from raw materials.