Business

Armenia’s $470 Million World Trade Center Revealed, Twin Towers Set to Be Yerevan’s Tallest Building Ever

Armenia's $470 million World Trade Center will rise as twin towers on Yerevan's Saryan Street, set to be the tallest building in the city's history, reports Zartonk Media. Launched on...

Armenian-Founded Jooba Raises $4 Million Seed Round From a16z Speedrun to Build AI-Native Recruiting Firm

Jooba, an Armenian-founded startup based in Los Angeles, has raised a $4 million seed...

PROFAL Opens a New $20 Million Architectural Glass Processing Plant in Armenia, the Largest in the Region

PROFAL opened an architectural glass processing plant in the Nairi community of Kotayk Province,...

Massis Kabob to Open First Armenian-Owned Restaurant in a U.S. Airport at Hollywood Burbank’s New Terminal

Massis Kabob is set to open its 8th location inside Hollywood Burbank Airport's new...

Team Group Launches New Solar Power Station in Armenia’s Gegharkunik With Annual Output of 16 Million kWh

In July, the Team Group of Companies launched a new solar power station in Armenia’s Gegharkunik Province with an annual output of 16,000,000 kWh. The...

Armenia’s Economy Minister Says $13.3 Million Gained From $6 Million Jennifer Lopez Concert as 15,000 Tourists Attend, Calls for More International Star Performances

Armenia’s Economy Minister Gevorg Papoyan said on Facebook that the country received over $13.3 million in returns for the $6 million invested in Jennifer...

Armenia’s Economic Activity Index Up 5.7% in January–May 2025, Led by Construction And Services Growth, Despite Sharp Industrial Decline

Armenia’s economic activity index rose by 5.7% in the first five months of 2025 compared to the same period last year, according to data...

BREAKING: Armenian Billionaire & Philanthropist Samvel Karapetyan Detained for Two Months Over Church Support; Lawyers Call Decision “Absurd & Unlawful”

Prominent Armenian-Russian billionaire businessman and philanthropist Samvel Karapetyan has been detained for two months by the Criminal Court of the General Jurisdiction of Yerevan. The...

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