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...

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...

Armenia Approves €150 Million Loan Deal with French Development Agency to Cover 2025 Budget Deficit and Strengthen Financial Sector

The Armenian Cabinet approved on Thursday a new loan agreement between the Armenian government and the French Development Agency (FDA). Deputy Prime Minister Tigran...

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