In coming years, Armenia will face demographic problem caused by  aging of society - Minister

ArmInfo. In the coming years, Armenia will face a demographic problem caused by the aging of  society. This was stated by the RA Minister of Labor and Social Affairs Narek Mkrtchyan during the discussions of the 2023 budget execution report on June 3.

According to him, over the years, the number of pensioners will  become more significant in the country's population. For this reason,  it is necessary to create all the conditions to ensure that people of  retirement age participate in the labor market.

The Minister added that work on developing a demographic strategy had  been underway for two years, but its application had been delayed  twice due to the influx of people from Nagorno-Karabakh due to the  Russian-Ukrainian conflict. In this situation, a pause was needed to  assess the situation as a whole and the prospects for its development  for the application of various models. The strategy was developed  based on comprehensive discussions and recommendations from the  Vienna Institute of Demography and two of the world's five leading  experts. The minister noted that there are several ways to solve the  existing problem:  one is to increase the birth rate, the second is  the inevitability of demographics, and the third is to provide people  with decent job.  Despite the fact that the strategy has not yet been  adopted, laws have been adopted aimed at its implementation. For  example, pensioners have been given the right to conclude an  employment contract with employers.