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Armenia Aims to Shift from Exporting Mineral Concentrates to Metallurgical Production: Papoyan Identifies Priority Sectors for Forbes
Armenia intends to develop domestic metal processing and metallurgical production, moving away from the export of mineral concentrates, stated Gevorg Papoyan, the Republic’s Minister of Economy, in an interview for a special publication produced in collaboration with Forbes and dedicated to the COP17 conference in Yerevan.Armenia’s exports to the EU grew by 51% to $717 million in the first nine months of 2026 — Papoyan
Exports from Armenia to European Union countries increased by 51% in the period from January to September 2026 compared to the same period last year, reaching $717 million, up from $475 million a year earlier.Exports of Armenian products to UAE have grown by 25% to $130 million; authorities plan to subsidize 50% of jet fuel costs — Papoyan
The Armenian government plans to subsidize 50% of jet fuel costs for cargo flights to the United Arab Emirates (UAE) in order to boost the export of Armenian products.An increase in the price of Russian gas could have a negative impact on Armenia’s economy of 5–7% or more — Papoyan
A potential increase in the price of Russian gas could have a negative impact on Armenia’s economy, with the scale of the effect depending on the scenario reaching 5–7% or more.Armenian companies to gain access to 122 service sectors in the UAE, up from 32 — Papoyan
Armenian companies will be able to operate in 122 service sectors in the United Arab Emirates an increase from the previous 32 thanks to an agreement on trade in services and investment between the governments of the two countries.Armenia Seeks to Have Russian Restrictions on Agricultural Exports Classified as an EAEU Barrier — Papoyan
Armenia disagrees with the restrictions imposed by Russia on the supply of Armenian agricultural products and is seeking to have them classified as a barrier within the framework of the Eurasian Economic Union (EAEU).Gas for Armenia could rise in price by 69% to $300 if its EAEU membership is suspended – report
A scenario-based assessment of the consequences of a potential suspension of Armenia’s participation in the Eurasian Economic Union (EAEU) projects an increase in the price of imported gas from $177.5 to $300 per thousand cubic meters, assuming the physical volume of supplies remains constant.Flower exports from Armenia reach 908.6 tons, reaching 30 countries — MFA
Between January 1 and October 12, 2026, 908.6 tons of flowers were exported from Armenia to 30 countries, according to Ani Badalyan, spokesperson for the Ministry of Foreign Affairs of the Republic of Armenia.Armenia’s environmental inspectorate has referred a case to the Prosecutor’s Office regarding the pollution of Lake Sevan and damage amounting to nearly 1 million drams
Armenia’s Nature Protection and Subsoil Inspection Body has uncovered the pollution of a portion of Lake Sevan’s waters and land degradation within the Sevan National Park, the agency’s press service reports.Armenia to subsidize the purchase of energy storage systems for solar power plants
The Armenian government will subsidize interest rates on loans and leasing agreements for the purchase of energy storage systems, announced Gevorg Papoyan, Minister of Economy of the Republic of Armenia.Armenia’s Mining Sector Outpaces IT in Labor Productivity: Economist
Labor productivity in Armenia’s mining industry has reached the highest level in the country, surpassing even that of the IT sector, according to Suren Parsyan, an economist and associate professor (PhD in Economics).Seven economic growth forecasts for 2026: who expects the highest growth?
International financial institutions and rating agencies forecast Armenia's economic growth in 2026 to range from 4.9% to 6.0%, according to a comparison of seven published estimates compiled by the ARKA news agency.Armenia's economic growth largely driven by currency appreciation and rising prices, not just production expansion — former Deputy PM
A significant portion of the increase in the nominal size of Armenia's economy in dollar terms over recent years is attributable to the strengthening of the national currency and rising prices, rather than solely to an expansion of production.Armenia expands foreign economic ties to reduce dependence on specific markets — Pashinyan
Armenia's foreign policy aims to strengthen the country's independence and expand its range of choices, rather than simply swapping dependence on one state for dependence on another, stated Prime Minister Nikol Pashinyan.News 1 - 20 of 3683
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