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Luys Foundation Annual Report - 2025

During the reporting period, the Luys Foundation team carried out large-scale analytical-research work, covering a wide variety of topics.Our focus is on the current developments in law, economy, politics, international relations. During the year, our team published around 35 researches, in which not only the existing problems and challenges were analyzed, but also appropriate solutions were sought and suggested. Full material is only available in Armenian.

  


The social-economic developments in the economy of the RA for January-February 2026

In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.

  


The Index of Economic Freedom in the RA (2026)

The study of indicators and indices published by international organizations allows to address two important problems. First, to assess the performance of the RA in the given period with the help of comprehensive numerical measures, as well as to make intertemporal comparisons in order to understand whether the country moves in the desirable direction. Second, to compare the performance of the RA with other countries to ascertain Armenia’s relative position in the region and Eurasian Economic Union. These results are important, since they help to derive the comprehensive assessment of the economic situation, which is needed both for the public and the private sector. The present analysis is aimed at addressing the foregoing problems. Full material is only available in Armenian.

  


Reference on the execution of the budget of the city of Yerevan (2025)

The budget execution report of Yerevan represents the main results – achievements and failures - of activities of the city council in the given period. It shows by how much the actual revenue collection deviates from the planned level. Additionally, the report demonstrates whether the expenditures were made in accordance with the prespecified plan. The budget execution report of Yerevan also characterizes the structure of actual revenues and expenditures. The goal of the present analysis is to study the foregoing report and to make necessary conclusions. Full material is only available in Armenian.

  


The social-economic developments in the economy of the RA for January 2026

In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.

  


Corruption Perceptions Index in the RA (2025)

The study of indicators and indices published by international organizations allows to address two important problems. First, to assess the performance of the RA in the given period with the help of comprehensive numerical measures, as well as to make intertemporal comparisons in order to understand whether the country moves in the desirable direction. Second, to compare the performance of the RA with other countries to ascertain Armenia’s relative position in the region and Eurasian Economic Union. These results are important, since they help to derive the comprehensive assessment of the economic situation, which is needed both for the public and the private sector. The present analysis is aimed at addressing the foregoing problems. Full material is only available in Armenian.

  


The social-economic developments in the economy of the RA for January-December 2025

In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation, deposits and loans), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian․

  


The social-economic developments in the economy of the RA for January-November 2025

In the present analysis, given the data published by the Statistical Committee of the RA, we study the recent social-economic developments in the economy of the RA. In particular, we consider the cumulative indicator of economic activity of the given month, its sectoral distribution, as well as the dynamics of individual sectors of the economy. We also analyze economic developments in the foreign trade, labour market and fiscal system of the RA. In addition, some aspects of the financial system (inflation), as well as the behaviour of the exchange rate, are touched upon. Full material is only available in Armenian.

  


Reference on the budget of Yerevan of 2026

The budget of Yerevan sets the priorities of the economy of the city for the upcoming year. In the budget the planned level of revenues, as well as its structure is presented. In addition, the planned level of expenditures and its distribution by functional and economic classifications are determined. The forecasting of revenues and expenditures is followed by the planning of the budget deficit and the sources of financing it. Given the importance of this document and the programs embedded there, the present analysis aims to assess whether the budget of Yerevan and its structure are consistent with the problems confronting the city. Full material is only available in Armenian.

  


Who remembers the past?

The collective memory of nations has never been merely a description of the past. It is a political resource, a basis for identity, and a crucial mechanism for shaping perceptions of the future. This analysis examines how states and societies organize their politics of memory. 

Special attention is paid to the phenomenon of how the struggle over historical memory in Armenia has become a central axis for political positioning, reflecting the tensions between state power and society. The discussion covers how previous historical narratives are being "dismantled" at the state level and why postmemory (inherited memory) faces serious contradictions among the younger generation. Full material is only available in Armenian․

  


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