- Chief of State:
- President Serzh Sargsyan
- Head of Government:
- Prime Minister Karen Karapetyan
- Government Name:
- Republic of Armenia
- Adopted: 1995; Established Armenia as a democratic, sovereign, social, and constitutional state. Vests the power to its citizens in regard to elections.
- Government Type:
Government Control of Economy
Scale ranks countries on a basis of 1-100, with 100 representing the greatest amount of economic autonomy from government intervention.
Source: Heritage Foundation, http://www.heritage.org/index/heatmap (2015)
Country Risk Rating
|E||The highest-risk political and economic situation and the most difficult business environment. Corporate default is likely.|
|Main Powers||Election Process||Election Cycle 1|
The president serves as the head of state, strives to uphold the constitution and to ensure the regular functioning of the legislative, executive, and judicial powers and guarantees independence, territorial integrity, and the security of the republic. The prime minister is required by the constitution to oversee the government's regular activities and coordinate the work of the ministers.
The president is elected by absolute majority through a two-round system. The prime minister is appointed by the president with the approval of parliament.
The court of cassation and constitutional court (although separate from other two branches of government) enforce the laws on a local and nationwide basis.
Court of cassation judges are nominated by the judicial council.
Mandatory retirement age of 65
The national assembly is responsible for the creation of laws.
The national assembly has 90 members elected through a closed-list proportional representation system and 41 members elected by plurality vote in single-member constituencies.
Foreign Policy Trends: Armenia is a member of the United Nations, the Council of Europe, the European Neighborhood Program of the EU, the Organization for Security and Cooperation in Europe (OSCE), the Commonwealth of Independent States (CIS), NATO's Partnership for Peace, the Collective Security Treaty Organization (CSTO), the Organization of the Black Sea Economic Cooperation organization (BSEC), the Euro-Atlantic Partnership Council, the International Monetary Fund, the International Bank for Reconstruction and Development, and the World Trade Organization. Turkey closed its border with Armenia in 1993 as a show of support for Azerbaijan in the conflict over Nagorno-Karabakh. On October 10, 2009, the foreign ministers of Turkey and Armenia signed normalization protocols that called for the opening of the Turkey-Armenia border, establishing diplomatic relations, and the creation of a number of sub-commissions addressing bilateral issues.
Regional Trade Blocs: EAEU
Treaties: Collective Security Treaty Organization
International Organization Participation Source: CIA World Factbook
Note: Click table to see details
Environmental Agreements Source: CIA World Factbook
|Air Pollution||Air Pollution-Persistent Organic Pollutants||Biodiversity||Climate Change||Climate Change-Kyoto Protocol||Desertification|
|Environmental Modification||Hazardous Wastes||Law of the Sea||Ozone Layer Protection||Wetlands|
Note: Click table to see details
Tax Information 2
- Tax Authority:
- Ministry of Finance and State Revenue Committee
- Tax Name: