Economy Minister Gevorg Papoyan called the concert “a well organized event and beneficial for armenia’s economy.” He praised its atmospheric appeal and the country’s public recognition, expressing gratitude to the organizers.
A Q&A highlighted strong tourism: Papoyan said, “The event proceeded brilliantly, we had many tourists, and when we summarize august, those numbers will become clear.”
Journalists referenced an Italian‑Armenian consortium’s study indicating that the $6 million invested in the concert yielded approximately $13.3 million in economic output—not directly into the state budget, but into the economy, of which only 10–20 percent constitutes vat. Responding, the minister remarked: “What does it matter where it enters? Doesn’t a $470 ticket go into the Armenian economy? Or a $200 restaurant bill? A tourist from Russia who bought a $470 ticket—do you think they stay in a $50 or a $300 hotel? Or go to a restaurant or not? What matters is the money entering the economy, not the state budget—because the income of a restaurant owner interests me, since that is economy’s income; also the café owner, hotel, the airport, and so on.”
