Economy

Armenia’s Exports to EU Countries Increase by Over 80% to $516 Million in the First Half of 2026

Armenia exported more than $516 million worth of goods to European Union countries in the first half of 2026, over 80 percent above the roughly $287 million recorded in...

Firebird Opens First Phase of Its $5 Billion Armenia AI Factory, Scaling to 70,000 NVIDIA GPUs by 2027

Firebird officially opened the first phase of its flagship AI Factory in Armenia's Hrazdan...

Meet the Armenian Team that Built a Data Platform That Outruns Global Competitors

In the world of enterprise software, the strongest products are often assumed to come...

Armenia Building The Region’s Largest Chocolate Factory With €145 Million Investment, Creating Up To 2,000 Jobs

Armenia is building the region’s largest chocolate and confectionery factory, backed by a €145 million investment by Vellar Group to develop a 25-hectare production...

American Fast Food Giant Wendy’s Opens First Restaurant in Yerevan, Armenia, Launching a Nationwide Expansion to 20 Locations by 2030

American fast food giant Wendy’s has officially entered the Armenian market with the grand opening of its first restaurant in Yerevan’s city center on...

Ethereum Co-Founder to Establish Web3 University in Armenia to Advance Blockchain Innovation

On October 9, Armenian Minister of High-Tech Industry Mkhitar Hayrapetyan met with Gavin Wood, co-founder of Ethereum, founder of the Web3 Foundation, and a...

Starbucks Explores Entering Armenian Market Amid Rising Investment amd Tourism Growth

On October 8, Armenia’s Economy Minister Gevorg Papoyan met with Starbucks-Alshaya Group Eurasia Vice President Figen Ilgaz and Property Director Hanzade Kugu to discuss...

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