The first two decades of the 21st century is a period of overcoming the challenges and complex trials for Armenia. The program of Government of the Republic of Armenia 2017-2022 states that our country's development should be aimed at overcoming the challenges facing Armenia today.

In the context of contemporary global challenges, Armenia has no alternative to having a smart and innovative economy.

The main goal of the ASUE 27th Conference is to provide a professional platform dedicated to the issues of economic and social development for professionals in various fields.

Director of the Scientific-Analytical Center of Economics and Management, Dean of faculty of Economics and Management, Professor Hayk Sargsyan delivered a report at the plenary session of the conference under the theme: ,,Constitutional Architecture: diagnostics, economic and legal regulations''.

Reports were made as well as by Deputy Chairman of the Central Bank of Armenia Nerses Yeritsyan, who presented the topic "Financial Stability as a Prerequisite for Ensuring Economic Growth", Vardan Sahakyan, deputy chairperson of the RA Ministry of Education and Science, who highlighted the importance of science as a basis for the innovation development of the state and ASUE Vice-Rector Gagik Vardanyan.