Economy

Brewing Giant Carlsberg to Buy Armenia’s Pepsi Bottler and Run It With Georgia and Azerbaijan as One South Caucasus Cluster

Danish brewer Carlsberg has agreed to acquire Armenia's PepsiCo bottler, taking over the production, sale and distribution of PepsiCo's soft drinks in the country, in a transaction that still...

ROQ Capital Launches New AI-Powered App for Users in Armenia to Trade U.S. Stocks and International Markets

Yerevan-based ROQ Capital has launched ROQ Markets, a new AI-powered investment app that lets...

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...

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...

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...

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...

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