Economy

Kuwaiti Businessman To Invest $30,000,000 In Mega-Agricultural Complex, Planting 350,000 Almond Trees In Armenia’s Armavir.

Armenia’s Ministry of Economy informed that Kuwaiti investor Khalife Al-Fadala of the Al-Abdalyah Group will plant 350,000 almond trees in 2021-2022 in a mega-agricultural...

Major Swedish IT Company “EVOLUTION” To Officially Open A Live Broadcast Studio In Yerevan, Creating More Than 1,000 Jobs.

Today, Vahan Kerobyan, Armenia’s Minister of Economy informed that major Swedish IT company “EVOLUTION” is officially opening a live broadcasting Studio in Yerevan which...

Armenia Wants To Extend Operating Life Of The Metsamor Nuclear Power Plant Until 2036, Says Director Vardanyan.

Armenia wants to extend the operating life of its Metsamor nuclear power plant for additional 10 years until 2036, said director of the plant...

City Of The Future: Armenian Gov’t Approves Creation of “Engineering City” Project.

Engineering City Armenia will be an environment created in order to foster the creation  and development of complex engineering technologies. The Center, being built...

“Armenian Wine” To Invest $40 Million To Create ‘Digitown’ Innovative IT Center, Employing 5,000 People In Yerevan.

“Armenian Wine” will invest $40 million, employing 5,000 people in Armenia, informed Suren Papikyan, Armenia’s Minister of Territorial Administration and Infrastructure at a government...

Major Swedish IT Company To Create More Than 1,000 Jobs In Armenia In 2021.

The Economy Minister Vahan Kerobyan says that many European and American companies are in the process of making investments in Armenia, per Armenpress. In an...

Pashinyan Says Investors “Believe In” The Economic & Political Future Of Armenia.

Prime Minister Nikol Pashinyan has said that investors "believe in" the economic and political future of Armenia, per PanArmenian. Attending a meeting at the Ministry...

Armenia’s IT Sector Turnover Increased By 20% In 2020, Reaching $400 Million.

The turnover of companies in the field of information technologies in Armenia grew by 20% to reach $400 million, Prime Minister Nikol Pashinyan said at...

UNDP To Provide $480,000 Support Package To Farmers In Armenia.

In total 250 million AMD ($480,000) worth of support package will be provided by UNDP in Armenia to more than 50 farmers in Lori,...

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