Armenia appointed Gagik Khachatryan on Monday to the position of finance minister, following an introduction by Armenian Prime Minister Hovik Abrahamyan.
Abrahamyan said Khachatryan's experience would help Armenia to implement major reforms in the Ministry of Finance.
"I am convinced that Mr. Khachatryan's knowledge and experience will help us push ahead with the reforms underway in our country," Abrahamyan said. "We will try to implement major structural changes in this system. We are facing serious challenges, but I am confident that we will manage to overcome them together."
Abrahamyan also highlighted the Ministry of Finance's strong team of professionals. He congratulated Khachatryan and wished him success in his new position.
Khachatryan succeeds David Sargsyan in the position. Abrahamyan thanked Sargsyan for his work and cooperation.
The Republic of Armenia's Ministry of Finance and Economy is a republican body of executive authority. The ministry is in charge of areas of fiscal revenue collection and public finance administration for the Armenia's government.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme