5 minute read
The Government adopted the Doctrine of Armenia’s Economic and Institutional Transformation, which is presented as a guiding framework for the country’s development and aims to review and strengthen the state’s economic structure and public institutions. The document consists of 42 pages and covers a wide range of sectors.
The doctrine was first announced by Prime Minister Nikol Pashinyan in November 2025.
Speaking at the Cabinet meeting on January 8, Pashinyan said that the doctrine serves as a guiding framework and a statement of the government’s intentions.
‘The Doctrine of Armenia’s Economic and Institutional Transformation is presented as a guiding framework for development, aimed at reviewing and strengthening the country’s economic structure and public institutions,’ the Prime Minister said.
‘Strategies are primarily a statement of intentions and a consolidated expression of actions and ideas. This document shows where we currently stand and where we want to move,’ he added.
The Prime Minister framed the Doctrine of Armenia’s Economic and Institutional Transformation in the context of several factors, including over 50 percent economic growth in the country following the 2018 revolution. According to the Prime Minister, since the 2018 revolution, the GDP per capita has more than doubled.
‘We must clearly delineate where the role of the Government lies and where the role of other actors lies. In my view, the Government’s role is that since 2018 we have removed all possible restrictions, monopolies, prohibitions, and obstacles to economic activity, and this is the main reason why, despite all political, regional, and geopolitical upheavals, Armenia has not only maintained macroeconomic stability since 2018, but has also achieved a 2.4-fold increase in GDP per capita, 50 percent economic growth, and all this, I would like to remind, in the context of the COVID-19 pandemic. I want to emphasize that, above all, we must recognize the people working in Armenia, creating results, and paying legally mandated taxes, because this cannot be attributed solely to the Government; it is the result of the cooperation between the Government and the citizens,’ emphasized the Prime Minister of Armenia.
PM Pashinyan emphasized that individual citizens of Armenia have had and continue to have a decisive role in the formulation and implementation of the Government’s strategic decisions.
“The purpose of the Doctrine is to establish a new logic for Armenia’s economic and institutional development, positioning the economy as the foundation of sovereignty, security, and long-term stability, with an educated, capable, and creative citizen at its core,” the Prime Minister said.
He also stressed that the adoption of the Doctrine is driven in part by the formation of a new security environment around Armenia, including, in particular, the peace established with Azerbaijan. The Doctrine pays significant attention to the fields of artificial intelligence and digitalization, and places special emphasis on the energy reform agenda.
The Prime Minister further noted that the Doctrine includes the idea of adopting a long-term policy framework for taxation. According to him, discussions have begun on the possibility that, in the near future, the Government will consider introducing a new tax code that could remain in force for, for example, 10 years.
“The document is not very lengthy, but it is comprehensive. I want to emphasize again that at the core of all these approaches is a single key idea: the state is regarded as a continuous institution, where governments may change, but the logic of economic policy remains stable and predictable. Underlying all of this is the idea of the state’s continuity, and the principle that the economic development of the state is, above all, in the national interest,” the Prime Minister emphasized.