About the Ministry

There are 18 structural and 3 separate departments in the organizational structure of the Ministry. There is 1 state body under the administration of the Ministry.

6 state organizations and companies operate within the Ministry’s system.

Brief overview

The Ministry of Economic Development and Investments of RA is the legal successor of the Ministry of Economy of the Republic of Armenia, which is, in its turn, the legal successor of the Economic State Committee of the Republic of Armenia, which was formed in 1990, after the reorganization of State Planning Committee of the Soviet Socialist Republic of Armenia.

On June 10, 1997, according to the RA President’s NM -747 Decree on "Changes in Structure of the Government of the Republic of Armenia” the Ministry of Trade, Services and Tourism of RA, the Ministry of Industry of RA, and the Ministry of Economy of RA were merged into one Ministry: the Ministry of Industry and Trade of the Republic of Armenia.

On March 16, 2002, according to the RA President’s NN 1063 and 1064 Decrees, the Ministry of Industry and Trade of RA was reorganized into the Ministry of Trade and Economic Development of RA.

On April 21, 2008, according to the RA President’s Decree the Ministry of Trade and Economic Development of RA was renamed as Ministry of Economy of the Republic of Armenia. Thus, the Ministry has resumed its former name.

On September 29, 2016, according to the RA Law on Making Amendment on the RA Law on Structure of the Government of the Republic of Armenia, the Ministry of Economy of the Republic of Armenia was renamed as the Ministry of Economic Development and Investments of the Republic of Armenia.

Artsvik MINASYAN
Previous Ministers From May 12, 2018 Minister of Economic Development and Investments

Suren KARAYAN
6 October, 2016-12 May, 2018 Minister of Economic Development and Investments
27 September-6 October, 2016 Minister of Economy

Artsvik MINASYAN
24 February-27 September, 2016 Minister of Economy

Karen CHSHMARITIAN
2014-2016 Minister of Economy

Vahram AVANESYAN
2013-2014 Minister of Economy

Tigran DAVTYAN
2010-2013 Minister of Economy

Nerses YERITSYAN
2008-2010 Minister of Economy
2007-2008 Minister of Trade and Economic Development

Karen CHSHMARITIAN
2002-2007 Minister of Trade and Economic Development
1999-2002 Minister of Industry and Trade

Hayk GEVORGYAN
1998-1999 Minister of Industry and Trade

Garnik NANAGULYAN
1997-1998 Minister of Industry and Trade


Vardan KHACHATRYAN 2000-2008 Minister of Finance and Economy

Levon BARKHUDARYAN 2000-2000 Minister of Finance and Economy

Armen DARBINYAN 1999-2000 Minister of Economy

Edvard SANDOYAN 1998-1999 Minister of Finance and Economy

Armen DARBINYAN 1997-1998 Minister of Finance and Economy

Vahram AVANESYAN 1996-1997 Minister of Economy

Andranik ANDREASYAN 1995-1996 Minister of Economy

Armen YEGHIAZARYAN 1993-1995 Minister of Economy

Hrant BAGRATYAN 1991-1993 Vice Prime Minister, Minister of Economy

Hrant BAGRATYAN 1990-1990 First Deputy Council of Ministers, Chairman of the State Committee of Economy