Final Signing of Peace Agreement Will Significantly Reduce Armenia's Risk Level, Central Bank President

The President of the Central Bank, Martin Galstyan, is confident that the final signing of the peace agreement will significantly reduce Armenia's risk level and promote an increase in investments.

In response to a question from ruling party MP Babken Tunyan at the National Assembly, Galstyan noted that although international rating agencies have not yet revised Armenia's rating, the feedback is positive.

"The signals and responses from partners are quite positive. This pertains to interactions with both international organizations and international trade entities. I believe that with the final signing of the peace agreement, we will have a much greater and significant impact, both in terms of reducing risk premiums and the flow of investments. Some uncertainty still remains, which is why Fitch did not conduct a rating revision, but provided positive connotations," Galstyan emphasized.

According to him, the Central Bank discusses various scenarios in its macroeconomic forecasts, and a corresponding revision will take place in the event of a mitigation of geopolitical risks.