Economy

Armenia’s Tech Sector Rapidly Grew By 24% To $176 Million (YOY) In First Half Of 2020, Despite Pandemic.

Armenia’s technology sector is continuing to grow rapidly despite the coronavirus pandemic that has plunged the country into recession, Prime Minister Nikol Pashinian said...

Armenia To Spend Over $500 Million On Reconstructing, Upgrading Its Energy Infrastructure.

More than half a billion US dollars for the reconstruction and upgrade of energy infrastructure. Armenia’s Prime Minister Nikol Pashinyan wrote about this on...

Armenia Climbs 13 Spots In Economic Freedom index To Claim 34th Spot Worldwide.

Armenia has climbed 13 notches in the latest edition of the Index of Economic Freedom, to take the 34th spot among 186 economies of...

Armenia: 71,000 Jobs Were Cut In April, 50,000 Were Restored In May.

Prime Minister Nikol Pashinyan has said that more than 71,000 jobs were cut in April due to the coronavirus outbreak in the country, and...

World Bank: Armenia To Record 2.8% GDP Decline In 2020, 4.9% Rise In 2021.

According to the predictions of the World Bank, the GDP of Armenia in 2020 will decline by 2.8% and will rise by 4.9% in...

Number of New High-Tech Companies In Armenia Increased By 25% In 2019.

The number of new high-tech companies registered in Armenia in 2019 increased by 25% and reached 1,250, high-tech industry minister Hakob Arshakyan said during...

Armenian MP: One-Week Lockdown Costs 1.3-1.5% Of GDP For Country Like Armenia.

The Prime Minister said various scenarios are being considered, and you know that the think tank is under the government. This is what deputy...

Armenia Receives $315 Million Loan From IMF For Budget Expenditures.

Armenia will receive $315 million in loans from the International Monetary Fund (IMF), which will be used to finance budget programs. The government on Thursday,...

Armenia’s Economic Activity Shrank By 17.2% In April Year-On-Year.

Economic activity in Armenia shrank by 17.2% in April year-on-year, data from the National Statistical Service reveals. - Economic activity in the country has contracted as...

Latest articles

58.7k Followers
Follow