Armenia plans to introduce a mechanism whereby the developer will be obliged to pay a fine to the buyer if the deadlines for the completion of the object are violated. This was announced on January 14 by Gegham Gevorkyan, Chairman of the Committee on Competition and Consumer Protection. Legislative changes will also affect advertising: information about the project must fully comply with the actual state of infrastructure and services, including the operation of elevators and garbage disposal.
Gevorkyan noted that in 2025, the commission issued fines in the amount of about 2 billion drams, of which more than 1 billion drams were received in the budget. He stressed the effectiveness of the new rules for agricultural companies: after the changes, farmers were returned 5.2 billion drams for overdue payments.
The new measures are aimed at protecting consumer rights and increasing the transparency of the construction market, guaranteeing buyers the exact observance of the terms and declared conditions of projects.
Now on home
They Paid 1.95 Trillion Drams
The Ministry of Social Affairs assures: the growth of employment is confirmed not by words, but by statistics
From 2026, all procedures are transferred to digital format via a unified state platform
Viva Armenia Leads in Payment Volume, Ucom and Other Companies Follow
Systems will be installed to improve safety and quality of services
All operations with licenses and registrations are now available online
Investment Volume and Development Format are Yet to be Determined
Import of gasoline and diesel continues in 2026
Top 10 Presented
Numbeo ranked the country higher than Georgia and Azerbaijan in the global cost of living ranking
Scammers pose as "social benefits" and hunt for banking details
Washington intends to develop peaceful nuclear cooperation amid regional settlement
