Back in October 2016, Armenian Prime Minister Karen Karapetyan instructed the heads of all governmental agencies to present proposals regarding reforms to be carried out within the public administration system. “Substitute the term ‘optimization’ with the term ‘drastic cuts’ to avoid misunderstanding,” the PM said at the time. PanARMENIAN.Net, in turn, presents the list of layoffs during the past year.

Within a year, Armenia was struck twice. The global pandemic has impacted almost every business; for months, the country has been paralyzed with small and medium enterprises suspending operations one after the other. While it was a world problem and we had a hope to recover soon after the quarantine, the country was struck for the second time by war, the fact that was predictable but still caused a shock. The business sector that somehow survived the coronavirus pandemic and was rehabilitating, was again under attack. All resources were used for the frontline, for supporting soldiers and refugees. The war that lasted more than forty days took lives and resources; the country and every single business sector faced the fact of complete uncertainty. And now, it is time to sum up by evaluating the losses, understanding the current situation, and sharing plans for the future.

By the decision of Central Bank of Armenia (CBA), new hybrid currency will be introduced in the country. To learn some details, PanARMENIAN.Net talked to CBA numismatist Gevorg Mughalyan, who told about the advantages of the new money and explained why it will not be worn out in a short period of time.