Armenia improves position in Global Innovation Index 2024, ranking 63rd

|

USD

384.26

EUR

452.58

RUB

4.8832

GEL

141.37

Economy

01.10.2024, 15:41

Armenia ranked 63rd in the 2024 Global Innovation Index (GII).

Armenia improves position in Global Innovation Index 2024, ranking 63rd

YEREVAN, October 1 /ARKA/. Armenia ranked 63rd in the 2024 Global Innovation Index (GII). The corresponding report, which assesses the innovation activities of 133 countries, was published by the UN World Intellectual Property Organization (WIPO).

Compared to last year’s rating, Armenia rose by 9 positions, ahead of Azerbaijan (95) in the new index, but behind Iran (59), Georgia (57), Russia (51) and Turkey (37).

Switzerland, like last year, showed the best result in the 2024 rating. Sweden, the USA, the UK and Singapore also made it into the top five. Burkina Faso, Ethiopia, Mali, Niger were the outsiders, and Angola is at the bottom of the rating.

The Global Innovation Index has been compiled since 2007 by a consortium of Cornell University (USA), INSEAD Business School (France) and the World Intellectual Property Organization.

The GII 2023, now in its 16th edition, is a key source of information for assessing the innovation performance of an economy. Published annually, it serves as a useful tool for policymakers, business leaders, and other stakeholders to compare progress in innovation over time. -0-

Risks of investor outflow and damage to economy – experts on nationalization of Electric Networks of Armenia

On July 3, the Armenian National Assembly passed in the second and final reading legislative amendments to the laws On the Public Services Regulatory Authority and On Energy, allowing the nationalization of Electric Networks of Armenia (ENA).

04.07.2025 17:36

Food products in Armenia in June increased in price by 6.2% over a year, and decreased by 3.5% over a month

Prices for food products and non-alcoholic beverages in June 2025 compared to June 2024 increased by 6.2%, and decreased by 3.5% over a month. This is evidenced by the data of the report of the National Statistical Committee of Armenia.

04.07.2025 15:47

Gasoline in Armenia fell in price by 7.6% in June, and diesel fuel by 10.9%

Gasoline in Armenia in June 2025 compared to June 2024 fell in price by 7.6%, and diesel fuel by 10.9%.

04.07.2025 10:34

Armenian parliament adopts legislative amendments allowing nationalization of Electric Networks CJSC

The National Assembly of the Republic of Armenia adopted in the second and final reading legislative amendments to the ArmenianLaws "On the Public Services Regulatory Authority" and "On Energy", allowing nationalization of Electric Networks of Armenia CJSC

03.07.2025 15:21

In June, 12-month inflation in Armenia amounted to 3.9%, while prices fell by 1.3% over the month

In June 2025, compared to June 2024, inflation of 3.9% was registered in Armenia, while deflation was 1.3% over the month. This is evidenced by the data of the report of the National Statistical Committee (NSC) of Armenia.

03.07.2025 15:12

Armenian Parliament Approves Law on Fines for Traveling on Yerevan Public Transport Without Paying or with Someone Else's Ticket

The National Assembly of Armenia adopted in the second and final reading at an extraordinary session on Thursday a bill on imposing fines for traveling on Yerevan public transport without paying or with someone else's discounted ticket.

03.07.2025 14:34

Armenia expands list of settlements for housing purchase by forcibly displaced people from Artsakh, financial assistance limit - 4 million drams

. At a meeting on July 3, the Armenian government expanded the list of settlements in which refugees from Nagorno-Karabakh can build or buy housing to 611.

03.07.2025 13:07

More than 60 trucks with Armenian cognac entered Russia in a week - Papoyan

More than 60 trucks with Armenian cognac entered Russia, Armenian Minister of Economy Gevorg Papoyan reported.

03.07.2025 12:13