Economy

Despite uncertainty stemming from security concerns, Armenia’s real estate market continues to experience growth with record-breaking transactions, and excessive prices, especially in the rental market.

While the EU is one of Armenia’s largest trading partners, exports from Armenia remain relatively low. This trade deficit can present an opportunity for Armenian exporters to expand their presence in the European market and increase their export volume.

Armenia's alcoholic beverage industry is a prominent sector in the country’s economy. Production and trade data for brandy, wine and beer showcase a dynamic pattern of growth. Hovhannes Nazaretyan explains.

Armenia’s Statistical Committee recently published its annual report on a variety of socio-economic metrics. Driven by the effects of the Russo-Ukrainian war, Armenia saw robust economic growth, dramatic upturn in international trade, IT, and banking.

Residents of Yerevan will no longer be able to take advantage of an income tax refund system for mortgages that allowed middle-class families to purchase homes. The Government justified the move in order to boost construction in the regions.

Armenia's state debt is approaching $10 billion US, but to what extent is it manageable, and what risks does it have? Seda Ghukasyan explains.

The Armenian dram has been rapidly appreciating against the U.S. dollar for months, creating problems for local businessmen and entrepreneurs.

Navigating through the complexity of the triangular dimension of identity, trust and engagement infrastructure is the key to diaspora networks, their connection with the home country, and economic development.

Following Russia’s invasion of Ukraine, several Russian financial institutions were disconnected from SWIFT. Justin Tomczyk explains what SWIFT is and how blocking Russia from accessing it could impact the Armenian 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.