• 1 EXECUTIVE SUMMARY</br> 2 INTRODUCTION</br> 2.1 POLITICAL CONTEXT/br> 2.2 OBJECTIVES OF THE STUDY AND ACKNOWLEDGEMENTS</br> 3 LABOUR MARKET AND EMPLOYMENT: TRENDS AND CHALLENGES, CHALLENGES FOR SUSTAINABLE SOCIOECONOMIC DEVELOPMENT, HUMAN CAPITAL, AND THE PLACE OF VET STRATEGIES</br> 3.1 ECONOMIC CHANGE AND KEY SOCIOECONOMIC POLICIES</br> 3.2 CHANGES, TRENDS AND CHALLENGES IN THE LABOUR MARKET AND ITS FUNCTIONING</br> 3.3 THE SKILLS FACTOR IN THE LABOUR MARKET</br> 3.4 EVALUATION OF POLICIES AND LEGISLATIVE FRAMEWORK DESIGNED TO ADDRESS LABOUR MARKET CHALLENGES</br> 4 THE VOCATIONAL EDUCATION AND TRAINING (VET) SYSTEM DURING THE YEARS OF TRANSITION</br> 4.1 TRENDS IN THE EDUCATION SYSTEM IN ARMENIA</br> 4.2 THE PUBLIC VET SYSTEM</br> 4.3 QUALIFICATIONS SYSTEM 4.4 TEACHERS AND TRAINERS</br> 4.5 SCHOOL MANAGEMENT</br> 4.6 VOCATIONAL GUIDANCE, COUNSELLING AND INFORMATION</br> 4.7 PRIVATE VET</br> 5 CONCLUSIONS</br> 6 RECOMMENDATIONS</br>