Economy

Armenia to Export Up to 40 Tons of Fresh Produce a Week to UAE Starting in September Under New Deal

Armenia will begin exporting up to 40 tons of fresh fruit and vegetables a week to the United Arab Emirates starting in September, under a memorandum of understanding signed...

Armenia Opens New 10-Hectare AI-Run Tomato Greenhouse in Aragatsotn With a $26.7 Million Investment

Agro Prom has opened a state-of-the-art tomato greenhouse in Aragatsotn Province, investing roughly 9.7...

S&P Cuts Armenia’s 2026 Growth Forecast to 4.9% as Russian Bans Hit Armenian Exports Worth 2% of GDP

S&P Global Ratings affirmed Armenia's BB-/B long- and short-term foreign and local currency sovereign...

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...

Armenia’s Economic Activity Grows 7.1% As Foreign Trade Turnover Rises 4.6% To $4.7 Billion In The First Quarter Of 2026

Armenia’s economic activity grew by 7.1% in the first quarter of 2026 compared to the same period last year, while foreign trade turnover rose...

100 New Starlink Terminals Arrive In Armenia To Bring Fast, Stable Internet To Remote Schools Nationwide

A new batch of 100 Starlink terminals, donated to the Government of Armenia, has arrived in the country through cooperation between the American company...

Armenia’s GDP Grows 7.2% In 2025, Reaching $29.2 Billion

Armenia’s Gross Domestic Product (GDP) in 2025 increased by 7.2% compared to 2024, totaling 11,317,508,700,000 drams ($29.2 billion), with GDP per capita reaching 3,666,540...

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...

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