Economy

In 2021, Armenia’s parliament legalized the production and processing of industrial hemp. To date, six companies registered in the country have received licenses to begin production.

Electricity prices for middle-class families increased for the first time since the 2015 Electric Yerevan protests. Water prices increased for the first time since 2017. As in other countries, life is getting more expensive in Armenia.

Turkey is Georgia’s main source of imports and finances strategic infrastructure such as energy projects. The imbalanced arrangement provided Turkey with “strategic depth” and opportunities for power projection. Armenians are apprehensive about the repercussions of going in the same direction.

With the proliferation of online gambling, Armenia’s government sets further restrictions on gambling ads to protect the interests of consumers. But is it effective?

Will the 2022 state budget be able to solve or alleviate the socio-economic and security problems Armenia is facing?

The Eurasian Economic Union’s common natural gas market is expected to be launched in 2025. If the deal goes through, could Armenia as a natural gas importing country benefit?

While there have been some positive developments in the Armenian dairy industry, its further development is being hampered by a number of factors. Economist Suren Parsyan explains.

The high level of centralization in Armenia’s sugar market has been maintained, allowing the main sugar importer, producer, wholesaler and retailer to leverage its market power into an arbitrary pricing policy.

A new tax hike on copper concentrate, molybdenum concentrate and ferromolybdenum places a burden on a sector that is critical to Armenia’s balance of payments and was implemented with an unwelcome urgency reducing regulatory certainty for potential investors.

The IT sector in Armenia is a strategic direction for the development of the country thanks to the relatively high level of scientific and educational potential of the population, and also one of the highest paid sectors.