Press releases

The Government establishes a new support instrument aimed at fostering the economic activity of citizens aged 63–72 and facilitating the implementation of their business initiatives

05.11.2026

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The regular Cabinet meeting took place today, chaired by Prime Minister Nikol Pashinyan.

The Government approved the program designed to realize the economic potential of citizens aged 63–72 and support their business initiatives. The program introduces a new support mechanism—combining entrepreneurial training, the development of business plans, and targeted financing provided through financial institutions to encourage economic participation and the execution of business ventures by individuals in this age group.

As noted by Deputy Minister of Economy Aram Khachatryan, the applicants will be able to attend courses on fundamental entrepreneurial knowledge at no cost, gaining the essential foundation needed to launch their own businesses. "They will receive support specifically in developing their own business plans. Once they have obtained a certificate of training and a business plan, they can apply to the local banks participating in this initiative to receive state support. We are not talking about loan-based financing here; this is state support—meaning that, provided the program's terms are met, there will be no requirement to repay the funds," the Deputy Minister stated.

The Prime Minister highlighted the importance of the adopted decision, emphasizing: "We believe that our dear compatriots of this age are not only far from being 'old,' but also possess economic potential. In many cases, by labeling someone a 'pensioner,' we inadvertently contribute to their economic disengagement. Our objective is to convey a clear policy message: for those who are 63, life still lies ahead—a life that should be built with posperity and meaningful."

The Government approved a seven-year program focused on artificial intelligence (AI) and robotics, to be implemented through a public-private partnership based on a co-financing model. As noted by Zhanna Andreasyan, Minister of Education, Science, Culture and Sports, the program aims to develop internationally competitive research and educational capabilities at the intersection of robotics and AI—specifically at Yerevan State University, the National Polytechnic University of Armenia, and the American University of Armenia. Zhanna Andreasyan noted that, over the seven-year implementation period of the program, an investment of at least $14 million is envisioned—split equally between the state and the private sector. According to the Prime Minister, given that industrialization should be one of the key directions for Armenia’s economic development, the country must at least aim to establish industrial capacities in this sector, or similar capabilities, and create an appropriate environment to attract such investments.

The Government approved the State Support Program for Housing Provision for Large Families, along with the procedures for its implementation. Arsen Torosyan presented the details of the program: "The logic of the program is as follows: for families who, as of July 1, 2027, have 6 or more minor children, we will provide a certificate worth 4 million drams per child. This certificate can be utilized through bank mortgage loan programs for the purpose of constructing or purchasing a home. Furthermore, if a family decides to build this home in a rural settlement, we will provide an additional 4 million drams."

By a Government decision, 838 million 544 thousand drams have been allocated for the construction, major renovation, and medium-scale repair of several road sections.

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