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A national warehouse of products from Armenia will be opened in the United States to support Armenian producers

A national warehouse of products from Armenia is planned to be opened in the United States to support Armenian producers and their entry into the international market, said Mariam Manukyan, President of the International Business Relations Support Council. YEREVAN, June 18. /ARKA/. A national warehouse of products from Armenia is planned to be opened in the United States to support Armenian producers and their entry into the international market, said Mariam Manukyan, President of International...

06/18/2025


Armenia's foreign trade turnover decreased by 52.9% in 4 months, to $6.3 billion. China ahead of the UAE in the top three

The volume of Armenia's foreign and mutual trade turnover in January-April 2025 compared to the same period in 2024 decreased by 52.9% and amounted to $6,277,816.2 thousand, according to the website of the National Statistical Service of the Republic. YEREVAN, June 5. /ARKA/. The volume of Armenia's foreign and mutual trade turnover in January-April 2025 compared to the same period in 2024 decreased by 52.9% and ...

06/05/2025


Unibank Sponsors the “Yerevan Dialogue” International Forum

... Board, Unibank • Tatjana Macura, Minister for Gender Equality and Economic Empowerment of Women, Serbia • Baratang Miya, Founder, Women in Internet Governance, South Africa • Scott Cunningham, Entrepreneur, Investor, and Global Change Leader, USA The session was moderated by Viktoria Poghosyan, Director of External Affairs, Philip Morris Armenia. In his address, Ararat Ghukasyan spoke on the convergence of digital finance and data governance: “Banks are adapting to a world where data is ...

05/30/2025


Armenian Foreign Minister and U.S. Deputy Assistant Secretary discussed US-Armenia Strategic Partnership

On May 29, Minister of Foreign Affairs of Armenia Ararat Mirzoyan received U.S. Deputy Assistant Secretary of State for European and Eurasian Affairs Joshua Huck, the Foreign Ministry reported. YEREVAN, May 29. /ARKA/. On May 29, Minister of Foreign Affairs of Armenia Ararat Mirzoyan received U.S. Deputy Assistant Secretary of State for European and Eurasian Affairs Joshua Huck, the Foreign Ministry reported. It said the sides discussed a set of issues on the agenda of the Strategic Partnership...

05/29/2025


WB: Significant decline in exports and imports in February due to high base effect

... percent (yoy) and 45.8 percent (yoy), respectively, with the trade deficit widening 10.8 percent (yoy). “Over the period, 44 percent of total exports went to Russia, 22 percent to United Arab Emirates, 7 percent to EU countries, and 0.6 percent to the USA,” study notes. According to Armstat, in February 2025, the volume of Armenia's foreign trade turnover amounted to $1368.4 million, decreasing by 61% compared to February 2024. The volume of exports in the specified period amounted to $528.0 million,...

04/25/2025


US Embassy in Yerevan urges Armenians to persuade their friends illegally living in the US to voluntarily depart

The US Embassy in Yerevan published a statement on Facebook calling on people living in the United States illegally to voluntarily leave the country. YEREVAN, April 14. /ARKA/. The US Embassy in Yerevan published a statement on Facebook calling on people living in the United States illegally to voluntarily leave the country. “If you know someone who is in the United States illegally, the best thing you can do for them is encourage them to leave now before they are caught. For everyone, the message...

04/14/2025


New US tariffs may have indirect consequences for Armenia - former finance minister

..., the financier noted that “if we exclude re-exports to the UAE from Armenia’s total export volume of $13 billion, then by the end of 2024 this figure will be $6-7 billion.” “It should be taken into account that Armenian export deliveries to USA are small — only $58 million. Now imagine a 30% decline, even a 60% decline, and $58 million will turn into, for example, $29 million. What will this share do in the total export volume of $13 billion? If we completely exclude re-export flows, since ...

04/09/2025


Armenia's foreign trade in January-February down 52% to $2.8 billion

Armenia's foreign trade turnover in January-February 2025 compared to the same period in 2024 slashed by 52% to $2,785,770.8 thousand, according to the National Statistical Committee. YEREVAN, April 5. /ARКА/. Armenia's foreign trade turnover in January-February 2025 compared to the same period in 2024 slashed by 52% to $2,785,770.8 thousand, according to the National Statistical ...

04/07/2025


Consequences of US trade restrictions: economist assesses risks for Armenia's economy

... For example, change logistic chains, reorient to other markets, etc. T. Manaseryan - Producers find their own ways to different markets. We should ask ourselves what is the state doing, what is the government doing? All over the world, including the USA, as it is seen from the recent steps of the Trump administration, even in the countries with the most developed market economies, the governments of these countries clearly interfere in the affairs of the economy and create favorable conditions for ...

04/03/2025


GTB Steel rebar plant opens in Ararat community of Armenia, $31 million invested

Armenian Prime Minister Nikol Pashinyan attended the opening ceremony of the Armenian-American GTB Steel rebar plant in Ararat community last Saturday, with $31 million invested in the plant. YEREVAN, March 17. /ARКА/. Armenian Prime Minister Nikol Pashinyan attended the opening ceremony of the Armenian-American GTB Steel rebar plant in Ararat community last Saturday, with $31 million invested in the plant. The plant was supposed to be built in Yeraskh community near the border with Azerbaijan...

03/17/2025


Armenia plans to export fish and fish products to the EU for the first time

... compared to 2023. Gor Grigoryan, Director of the NGO "Association of Fish Farmers of Armenia," noted that in 2024, around 15,000 tons of fish products were exported. "In particular, the products are supplied to Russia, the UAE, and the USA. More than 90% of processing industries in Armenia are equipped with European production technologies. Exporting to Europe is not an end in itself for us. First, we need to study the European market, assess supply and demand, as the European market ...

03/13/2025


Reduction in tourist flows to Armenia in 2024 is due to a 17.5% decline in the number of tourists from Russia - Ministry of Economy

... the agency, from January to December of the previous year, Armenia was visited by, in particular, 937,823 tourists from Russia (a decline of 17.5%), 266,048 from Georgia (an increase of 5.3%), 176,453 from Iran (an increase of 18%), 58,965 from the USA (an increase of 2.7%), and 43,672 from India (an increase of 24.8%).

03/07/2025


Armenia's foreign trade turnover decreased by 40% in January to $1.4 Billion, China overtakes UAE in top three

The volume of Armenia’s foreign and mutual trade turnover in January 2025 decreased by 40% compared to January 2024, amounting to $1,377,384.1 thousand, according to the report from the National Statistical Committee of the country. YEREVAN, March 7. /ARKA/. The volume of Armenia’s foreign and mutual trade turnover in January 2025 decreased by 40% compared to January 2024, amounting to $1,377,...

03/07/2025


Sniffer dog detects drugs in parcel sent to Armenia from USA

A specially trained dog discovered drugs in a parcel arriving from the United States at the customs control zone of Apaven Terminal CJSC. YEREVAN, February 25. /ARKA/. A specially trained dog discovered drugs in a parcel arriving from the United States at the customs control zone of Apaven Terminal CJSC. According to the Armenian State Revenue Committee, two packages containing a total of 920 grams of marijuana were found in a parcel delivered to Armenia by Trans Shipping LLC for a citizen identified...

02/25/2025


Yerevan and Washington discuss strategic partnership

Armenia's Ambassador to the United States, Lilit Makunts, described the meeting at the Pentagon as excellent. YEREVAN, February 21. /ARKA/. Armenia's Ambassador to the United States, Lilit Makunts, described the meeting at the Pentagon as excellent. “We discussed the strategic partnership between Armenia and the United States, as well as the peace process in the South Caucasus region,” Makunts wrote on social platform X. The ambassador emphasized that Armenia highly values its cooperation with...

02/21/2025


Untapped potential: TCF co-founder on opportunities and prospects of crowdfunding in Armenia (EXCLUSIVE)

... assist on the way from the idea to the final success. In fact, TCF, one of the most developed crowdfunding ecosystems in the world, is located in Armenia and does not participate in the development of the economy: we receive applications mainly from the USA or China. ARKA - What should be done to change this balance in Armenia's favor? N. Vardanyan - The first thing is to motivate and interest people through information, to show them that they can also become successful figures who have created international ...

02/18/2025


Armenia and U.S. discuss expansion of economic interaction

Armenian Minister of Economy Gevorg Papoyan and US Ambassador to Armenia Kristina Kvien looked today into the prospects of expanding cooperation in various economic areas, the press service of the Ministry of Economy reported. YEREVAN, February 14. /ARKA/. Armenian Minister of Economy Gevorg Papoyan and US Ambassador to Armenia Kristina Kvien looked today into the prospects of expanding cooperation in various economic areas, the press service of the Ministry of Economy reported. The sides were...

02/14/2025


Armenia clearly stated that the document signed with the U.S. is not directed against Iran - IRI Ambassador

Armenian authorities have clearly conveyed to the Iranian side that the document Yerevan signed recently with the United States is not directed against Iran, Iranian Ambassador to Armenia Mehdi Sobhani said on Thursday. YEREVAN, February 6. /ARKA/. Armenian authorities have clearly conveyed to the Iranian side that the document Yerevan signed recently with the United States is not directed against Iran, Iranian Ambassador to Armenia Mehdi Sobhani said on Thursday. At the same time, the diplomat...

02/06/2025


Armenia's foreign trade in 2024 exceeded $30 billion; growth had been slowing for six months

... decline of 11.7% yoy. Armenia’s trade with the UAE totaled over $5.3 billion, an increase of 2.3 times. Trade with China amounted to over $2.8 billion, an increase of 34.4%. Trade with Iran stood at $737.4 million, an increase of 6.5%. Trade with the USA fell to $410.5 million. Exports Exports from Armenia in 2024 compared to 2023 increased by 53.1%, amounting to over $13. billion. Exports to Russia declined by 11% to over $3.1 billion. Exports to the EU countries decreased by 13.8% compared to 2023,...

02/06/2025


Armenian Prime Minister on working visit to U.S.

Armenian Prime Minister Nikol Pashinyan and his spouse are on a working visit to the United States from February 3 to 7. YEREVAN, February 3. /ARKA/. Armenian Prime Minister Nikol Pashinyan and his spouse are on a working visit to the United States from February 3 to 7. The press service of the Armenian government reports that within the framework of the visit, the Prime Minister will take part in the 5th Annual International Religious Freedom Summit in Washington, as well as in the National...

02/03/2025


Armenia ratifies agreement with US on mutual assistance of customs authorities

The Armenian Parliament has ratified today the agreement on mutual assistance of customs authorities between the governments of Armenia and the United States, signed in Yerevan on June 11, 2024. YEREVAN, January 22. /ARКА/. The Armenian Parliament has ratified today the agreement on mutual assistance of customs authorities between the governments of Armenia and the United States, signed in Yerevan on June 11, 2024. The agreement specifies the areas of cooperation, the procedure for exchanging...

01/22/2025


Mirzoyan and Blinken sign Charter on Strategic Partnership between Armenia and the USA

On January 14, in Washington, Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a meeting with the US Secretary of State Antony Blinken. YEREVAN, January 15. /ARKA/. On January 14, in Washington, Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a meeting with the US Secretary of State Antony Blinken. The meeting followed the signing of the Charter on Strategic Partnership between the Republic of Armenia and the United States of America, the...

01/15/2025


Armenian political scientist assesses challenges of Armenia-US partnership under Trump

Armenian political scientist and director of the Center for American Studies, Suren Sargsyan, assessed the significance of the launch of the Armenian-American strategic partnership, which involves deepening relations in several areas. YEREVAN, January 14. /ARKA/. Armenian political scientist and director of the Center for American Studies, Suren Sargsyan, assessed the significance of the launch of the Armenian-American strategic partnership, which involves deepening relations in several areas...

01/14/2025


Armenia and USA to sign strategic partnership document

Armenia’s Foreign Minister Ararat Mirzoyan and US Secretary of State Antony Blinken will sign a document on strategic partnership between Armenia and the United States. YEREVAN, January 14. /ARKA/. Armenia’s Foreign Minister Ararat Mirzoyan and US Secretary of State Antony Blinken will sign a document on strategic partnership between Armenia and the United States. The signing ceremony will take place today, January 14, in Washington, according to the press service of the Armenian Ministry of...

01/14/2025


Armenia's foreign trade turnover reaches $28.2 billion, growth slows

The volume of Armenia's foreign and mutual trade turnover in January-October 2024 increased by 54% compared to the same period in 2023, amounting to $28,179,559.6 thousand, according to data published on the website of the National Statistical Committee of Armenia. YEREVAN, January 13. /ARKA/. The volume of Armenia's foreign and mutual trade turnover in January-October 2024 increased by 54% compared to the same ...

01/13/2025


Washington ready to work with Yerevan and Baku in any format to ensure progress between the sides

The United States of America is ready to work with both Armenia and Azerbaijan in any format that can ensure progress for the sides, the US State Department said in a statement. YEREVAN, 3 January. /ARKA/. The United States of America is ready to work with both Armenia and Azerbaijan in any format that can ensure progress for the sides, the US State Department said in a statement. ‘The U.S. government supports the efforts of Armenia and Azerbaijan to achieve a sustainable and dignified peace...

01/03/2025


Yerevan hotels recognised as most comfortable in OneTwoTrip rating

... Belgrade, Serbia (8.6). Earlier, the Armenian Tourism Committee reported that about 2.08 million tourists visited the country during the first 11 months of the current year. Most tourists came from Russia (892,200), Georgia (243,100), Iran (163,800), USA (57,100) and India (38,600).

12/19/2024


Armenia's foreign trade for 10 months totalled $26.2bn, growth continues to slow down

... Italy ($351.7m, up 1.4%), Belgium ($147.7m, up 11.2%), the Netherlands ($147.1m, down 47.7%) and France ($129.7m, down 2.1%). Trade turnover with the UAE was $4. 9bn, up 5.6 times, with China -$2. 3bn, 35.5% growth, with Iran -$593.1m, 4.7% growth, with USA -$356.7m, 40.1% decrease, with Georgia -$273.8m, 27% growth, with Iraq -$189.4m, 26.2% growth. Armenian exports rose 95.1% to $11.5bn, with exports to Russia totalling over $2.6bn, down 13.6%. The volume of exports to the EU countries in January-October ...

12/06/2024


US Secretary of Defence expresses support for Armenia's aspiration to achieve long-term peace in the region

U.S. Secretary of Defense Lloyd J. Austin III hosted Armenian Defense Minister Suren Papikyan at the Pentagon on Thursday. YEREVAN, December 6. /ARKA/. U.S. Secretary of Defense Lloyd J. Austin III hosted Armenian Defense Minister Suren Papikyan at the Pentagon on Thursday. The two leaders met to discuss the strategic relationship between the U.S. and Armenia, which includes a longstanding partnership between Armenia's Defense Ministry and the Kansas National Guard. "Your visit is historic...

12/06/2024


Armenian Defense Minister leaves for the US on a working visit

A delegation from the Armenian Ministry of Defense, led by Minister Suren Papikyan left for a working visit to the United States. YEREVAN, December 3. /ARKA/. A delegation from the Armenian Ministry of Defense, led by Minister Suren Papikyan left for a working visit to the United States. This was reported by the press service of the defense ministry. No details have been provided about the agenda of the visit or the planned meetings.

12/03/2024


Net inflow of non-commercial money transfers to Armenia from abroad down 1.4 times in 10 months of 2024

The net inflow of private cross-border remittances to Armenia from abroad through the banking system in January-October 2024 dropped to $1.03 billion from $1.45 billion in the first ten months of 2023, the report of the Central Bank shows. YEREVAN, 2 December. /ARKA/. The net inflow of private cross-border remittances to Armenia from abroad through the banking system in January-October 2024 dropped to $1.03 billion from $1.45 billion in the first ten months of 2023, the report of the Central...

12/02/2024


Armenia to receive €12.9 million from European Commission for nuclear safety enhancement

... until 2026, and efforts are underway to extend it further for an additional 10 years. A new nuclear power plant is planned to be built within 8-10 years. Currently, various options are being compared, and the experience of partners from Russia, the USA, and South Korea is being studied. The Armenian side is already reviewing a preliminary feasibility study for the construction of a new 1200 MW unit, developed by the ‘’Rosatom’’ state corporation. Earlier, Kirill Komarov, First Deputy Director ...

11/28/2024


High-quality Armenian fish and caviar will be exported

... Torosyan, founder and director of ART-FISH. The company's products are currently available on the local market and are also exported to CIS countries. In the near future, the fishery plans to expand production, and export its produces to Europe and the USA. Details in the video. 100% of the shares of ACBA Leasing are owned by ACBA Bank. ACBA Leasing is under the control of the Central Bank of Armenia.-0-

11/26/2024


Over 1.92 million tourists visited Armenia in 2024

In the first 10 months of this year, Armenia recorded about 1 million 926.4 thousand tourist visits, according to the Armenian Tourism Committee. YEREVAN, November 14. /ARKA/. In the first 10 months of this year, Armenia recorded about 1 million 926.4 thousand tourist visits, according to the Armenian Tourism Committee. This ...

11/14/2024


Armenia received over 1,100 tons of humanitarian aid worth $79.6 million in 9 months.

... 31.5 billion drams ($79.7 million), the National Statistical Committee said. During the same period last year, the country received 880.1 tons of humanitarian aid, worth 5.3 billion drams ($8.2 million). The largest portions of the aid came from the USA ($43.3 million), Germany ($8.1 million), and France ($3.3 million). The aid consisted of plastics and plastic products, rubber and rubber products (418 tons worth $445,200), textiles and textile products (144.3 tons worth $2.1 million), and products ...

11/06/2024


Armenia's foreign trade turnover slows to $23.7 billion in 9 months; major trade partners are Russia, UAE, and China

....3-fold increase. Imports from EU countries during the reporting period decreased by 14.8%, amounting to about $1.5 billion. Imports to China totaled $776.1 million, an increase of 7.6%; from  the UAE, $336.2 million, a decrease of 24.2%; and from the USA, $281.2 million, a decrease of 59.5%. The bulk of imports consisted of precious and semi-precious stones, precious metals and products - $6.2 billion(a 6.1-fold increase), machinery, equipment, and mechanisms - about $2 billion (a 3.7% increase),...

11/06/2024


Armenia does not need particularly powerful new nuclear power plant - Sanosyan

... Its service life has been extended until 2026, and work id underway to re-extend it for another 10 years. The construction of a new plant may take 8-10 years; currently various options are being compared and the experience of partners from Russia, the USA, the South Korea is being studied. -0-  

11/04/2024


Plug and Play is already in Armenia: 10 Armenian startups will travel to Silicon Valley

... the world. We invest in about 200 startups a year, and our portfolio includes around 2000 startups, 35 of which are unicorns. We always closely monitor new ecosystems," said Karimpoor. He said that the company has 65 offices worldwide: in the USA, China, Central Asia, and Europe, and is opening an office in India. "We believe that there are excellent startups in Armenia and we hope for a long-term presence here. Yesterday, I had the opportunity to meet with some Armenian startups, and ...

11/01/2024


Hashish oil attempted to be sent from the USA to Armenia

... YEREVAN, November 1. /ARKA/. Two Armenian citizens have been detained on suspicion of attempting to import narcotics from the United States, according to the Armenian State Revenue Committee. Specifically, in the parcel that arrived from the USA, along with personal belongings, a plastic container containing 330 grams of hashish oil was discovered. Both citizens were detained and taken to the Investigative Committee. A criminal case has been opened for illegal drug trafficking and smuggling....

11/01/2024


Armenia sees 6.9% decline in tourist arrivals over first nine months of 2024 - Minister

... the first nine months of this year. This represents a 6.88% decline compared to the same period in 2023, when nearly 1.85 million tourist visits were recorded. The majority of tourists come from Russia (43%), followed by Georgia (12%), Iran (8%), the USA (3%), and India (2%). -0-    

10/28/2024


Armenian government tightens entry procedures for citizens of India, Iraq and Egypt due to the large number of illegal migrants

... in Armenia and are currently illegally residing in Armenia.  By the government's decision it is proposed to issue electronic visas to the citizens of these countries if they have temporary or permanent residence permits (or valid entry visas) in the USA, Australia, New Zealand, Korea, Great Britain and Northern Ireland, Canada, Russia, Japan, European Union, Schengen Agreement countries and Gulf Cooperation Council countries. Citizens of these three countries will be issued a visa if they have a ...

10/24/2024


US DFC corporation to help develop capital market in Armenia

... development. The importance of implementation of large investment projects in Armenia was also raised. About DFC Corporation The United States International Development Finance Corporation (DFC) is a  development finance institution and agency of the USA government. DFC invests in development projects primarily in lower and middle-income countries. DFC's lending capacity is used to provide loans, loan guarantees, direct equity investments, and political risk insurance for private-sector led development ...

10/23/2024


MONT TECH Becomes the Official Distributor of VMware Solutions in the CIS Market

.... "We are confident that, together, leveraging technical competencies, a partner network, and MONT TECH's extensive presence in the region, we can achieve strong results in promoting VMware products in the market."  Founded in 1998 in the USA, VMware is a recognized leader in virtualization and cloud computing software. In 2023, as part of the largest M&A deal in the history of the IT industry, Broadcom, a global leader in semiconductor and software development, acquired VMware for $65 ...

10/14/2024


Blue chips: why to buy ‘elite’ shares

... status indices: Dow Jones in the US, Nikkei in Japan, FTSE 100 in the UK, MSCI Europe in Europe. Also, some national exchanges create indices and websites that track the blue chips of the local market (Tokyo and Moscow exchanges). The blue chips of the USA exactly include securities of companies that have been steadily paying and increasing dividends for decades: Dividend Achievers (10 years and more), Dividend Aristocrats (25 years and more) and Dividend Kings (50 years and more). You can find them ...

10/10/2024


Some 1,722,600 tourists visit Armenia in January-September

About 1 million 722.6 thousand tourist visits were recorded in Armenia in the first 9 months of this year, the Tourism Committee of Armenian Ministry of Economy reports. YEREVAN, October 9. /ARKA/. Some 1,722,600 tourists visited Armenia in the first 9 months of this year,...

10/09/2024


Unprecedented Armenian-American field exercises held in Armenia

Field exercises were held in Armenia jointly with the Defense Threat Reduction Agency of the US Department of Defence from 19-24 September, the press service of the Armenian Security Council reports.   YEREVAN, 4 October. /ARKA/. Field exercises were held in Armenia jointly with the Defense Threat Reduction Agency of the US Department of Defence from 19-24 September, the press service of the Armenian Security Council reports. Within the framework of combating weapons of mass destruction...

10/04/2024


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

... 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 ...

10/01/2024


Armenia represented for the first time at the Future Green City global conference in Utrecht

... This film, created by Green Rock, consists of interviews with community activist groups. Green Rock's presentation was attended by leading industry experts: urban planners, architects and government officials from the Netherlands, UK, Philippines and USA. After watching the film, the participants asked the speakers questions, which facilitated a discussion on the current situation and problems of greening in Armenia. The conversation continued after the screening, when the experts shared their views ...

09/26/2024


Wings of Tatev cable car in Armenia nominated for the third time for World Travel Awards 2024

... nomination ‘World's Best Cable Car Ride 2024’, the world's longest reversible cable car, located in southern Armenia, won in 2021 and 2023. This time, Wings of Tatev is competing with ropeways in Bolivia, Brazil, Canada, New Zealand, South Africa, USA, Vietnam and Canada. Voting is available on the award website, until 20 October 2024. Over 13 years of operation, Wings of Tatev has been used by more than 1 million people. The cable car is included in the itinerary of every fifth guest of the country....

09/25/2024


U.S. ready to continue assistance in promoting Armenia's democratic reforms: State Department

The United States is ready to continue to assist in promoting democratic reforms in Armenia, US Deputy Secretary of State Joshua Huck said at a meeting with Armenian Prime Minister Nikol Pashinyan in Yerevan on Friday. YEREVAN, 20 September. /ARKA/. The United States is ready to continue to assist in promoting democratic reforms in Armenia, US Deputy Secretary of State Joshua Huck said at a meeting with Armenian Prime Minister Nikol Pashinyan in Yerevan on Friday. The Prime Minister emphasized...

09/20/2024


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