This is Armenia EITI 2018 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
The Extractive Industries Transparency Initiative (EITI) requires its 52 implementing countries to disclose beneficial ownership information by 1 January 2020. Since the requirement was agreed by the EITI Board in 2016, several governments have introduced reforms. There have been varying degrees of progress given the different political contexts, government systems and levels of capacity. However, considerable progress has been made in developing legal frameworks, increasing awareness among stakeholders,
This EITI Report covers Armenia's extractive sector in 2016-2017. It was published in February 2019. The Report is available in English and Armenian.
This is the Armenia EITI 2019-2020 work plan (in accordance with Requirement 1.5).
The Board agreed that Armenia is eligible for an extension and the reporting deadline is extended to 9 March 2019.
Armenia is eligible for an extension and the reporting deadline is extended to 9 March 2019. If the outstanding EITI Report is not published by 9 March 2019, Armenia will be suspended. The suspension will not be lifted until requirement 4.8 is met. If the suspension is in effect for more than one year the EITI Board will delist Armenia.
This is Armenia EITI 2017 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
Attached below is Armenia's beneficial ownership roadmap on how it intends to disclose the beneficial owners of the companies active in the extractives sector (requirement 2.5).
More information on beneficial ownership can be found at eiti.org/beneficial-ownership
The EITI admits the Republic of Armenia as an EITI candidate country on 9 March 2017. In accordance with the EITI Standard, the Republic of Armenia is required to publish its first EITI Report within 18 months of becoming a candidate (09.09.2018). Armenia is required to publish an annual activity report for 2017 by 1 July 2018. Validation will commence within two and a half years of becoming a candidate (09.09.2019). In accordance with the work plan submitted by the MSG,
Armenia submitted an application for EITI membership on 28 December 2016.
This is the Armenia EITI 2017-2018 work plan (in accordance with Requirement 1.5).