This is Armenia EITI 2017 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
The mining sector is the fastest growing part of Armenia’s economy. In 2015, the mineral industry grew by 50.4% in comparison to the previous years and made up 16.7% of total industrial production of Armenia. Ore concentrates and metals products continue to comprise more than half of total exports, which in 2015 was valued at USD 462 million and were up to 20% higher than in 2014. The country has significant deposits of gold, copper, molybdenum as well as smaller deposits of zinc, lead, iron and silver. According to the Armenian Development Agency, Armenia has more than 670 deposits of solid minerals, including 30 metal mines.
The commitment to implement the EITI was first made within the framework of the Open Government Partnership, which Armenia joined in 2011. The Government of Armenia announced its commitment to implement the EITI during the first meeting of the Anti-Corruption Council on 31 July 2015. The Prime Minister at the time, Hovik Abrahamyan, expressed the government’s willingness to become an EITI member country and delegated the coordination of Armenia’s EITI accession process to Minister - Government Chief of Staff Davit Harutyunyan. A new government at the time led by Prime Minister Karen Karapetyan was formed in September 2016. The programme of the new government referenced EITI implementation in Armenia as an important and effective step towards achieving objectives in the mining sector, and the submission of the EITI candidature application was incorporated in the Government Program. On 24 November 2016 Prime Minister Karen Karapetyan signed Decree 1104A on Establishing Multi-Stakeholder Group for Accession of the Republic of Armenia in the Extractive Industries Transparency Initiative and Approving Its Composition.
Following the Candidature application submitted by the Armenian government to the EITI, international EITI Board has designated Armenia as a Candidate country on 9 March 2017.
Currently, the EITI process in Armenia is lead by First Deputy Prime Minister Ararat Mirzoyan.
Source: EITI Armenia
Oliana is Country Manager at the EITI International Secretariat working with Eastern Europe, the Caucasus and Central Asia. Nationality: Ukrainian Prior to joining the EITI in November 2015,
Olesia supports Eastern Europe, the Caucasus and Central Asia team at the EITI International Secretariat.
Olesia holds bachelor’s degree in Economic Theory from Ukraine and MSc in Strategic Marketing Management from Norway.