Tag: Armenian Economy

Expectations and optimism are often the primary drivers of investment activity. It’s easy to be negative in the current times that Armenia is living, however, hope and optimism are key to inspiring drive, effort and motivation, especially when Armenia needs it most.

Landlocked Armenia, surrounded on two sides by unrelenting foes, has limited access to the outside world. Railways could potentially help alleviate this isolation by providing reliable outside connections for trade and passenger traffic.

Armenia’s statistics agency recently released its annual report on a number of socio-economic metrics covering sectors from trade to tourism to employment and inflation. Hovhannes Nazaretyan presents some of the more interesting findings reflecting the state of the country.

Will the introduction of competition in the retail electricity market benefit consumers or will deregulation lead to market manipulation, price increases and potentially harmful conditions, especially for residential customers? Economist Ara Khanjian explains.

The lack of information and awareness about the benefits of savings and investments, both personally and collectively, and the inadequate provision of policy incentives have not spurred savings. Improving personal financial security, freedom and wellness can positively impact Armenia’s future economic outcomes.

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?

Armenia’s government has introduced a number of benefits for the tech industry. Will these benefits contribute to the development of the sector and are they sufficient to solve the existing challenges?

Only a few years ago, hearing the word “unicorn” made us all imagine the character we know from fairy tales and cartoons. Today, the mythical creature is also associated with successful startup companies, such as Picsart and ServiceTitan.

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?

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.

With the right choices in education, Armenia can build an IT community capable of creating its own secure and reliable systems, which will be beneficial from a business perspective as well as for social institutions, including government and national defense.

Armenia’s tech sector is the fastest growing branch of Armenia’s economy. In post-war Armenia, expectations are even greater for the sector. Raffi Kassarjian, the Executive Director of the Union of Advanced Technology Enterprises (UATE) talks about the challenges and potential, the role of the Diaspora and more.