Thursday, August 13 2026 12:56
Alexandr Avanesov

Prime Minister: Economic diversification programs barely functioning  in Armenia

Prime Minister: Economic diversification programs barely functioning  in Armenia

ArmInfo.  Armenian businesses show little drive toward economic diversification, as  stated by Prime Minister Nikol Pashinyan  during a government meeting  on August 13.

According to Pashinyan, while the government has emphasized the need  for economic diversification for the past eight years, programs  designed to advance this goal are practically ineffective. He noted  that this stagnation is largely due to a lack of initiative and  interest from the business community itself.

"No matter how much we talk about this, businesses themselves must  understand that they need to constantly adapt to a changing  environment," the Prime Minister stated.