Banks make up the largest portion of Armenia's domestic financial system, accounting for approximately 79% of its total assets. While the banking system is well-regulated and devoid of bankruptcies for more than two decades, Armenia needs to diversify its financial system to ensure growth and prosperity.
Defying expectations, Armenia has been enjoying some very strong economic growth. However, local consumption-savings habits and other factors continue to hinder local production and competitiveness. Samson Avetian explains what needs to change.
Tigran Nazaryan, co-founder of 10Web, joins us to discuss how their platform allows users to build websites using AI. Tigran shared with us the founding story of the company, and how their product’s popularity has grown over the last few years. Lastly, Tigran spoke about how AI-built websites will evolve as the capabilities of large AI models continue to develop.
Gevorg Karapetyan, the co-founder and CTO of Zero, joins us to discuss the development of generative AI solutions for augmenting knowledge workers. We explore the company’s platform, Hercules, which delivers generative AI solutions for enterprise customers and the productivity benefits it brings. Gevorg also shared his thoughts on the challenges and opportunities in building sustainable and defensible businesses in the era of foundational AI models, as well as the future of co-pilots for knowledge workers.
Arsen Stepanyan, the co-founder and CEO of Orders.co, joins us to discuss what challenges and opportunities there are in building software as a service (SaaS) solutions for the restaurant industry. Orders.co is a Los Angeles-based order and menu management system for small- and medium-sized restaurants. We also discussed Arsen’s efforts to build a team for his company in Armenia, and what lessons he’s drawn from his experience.
The European Bank for Reconstruction and Development (EBRD) has been working in Armenia for the past three decades focusing on developing the country’s financial sector, supporting development of value-added industrial companies, improving the business environment and more. Head of EBRD’s Yerevan Resident Office, George Akhalkatsi, speaks to EVN Report about the organization’s activities and plans for the future.
Armenia’s Science Committee has launched ambitious grant programs to attract scientists and researchers from around the world to come to Armenia and strengthen scientific excellence in the country.
Small guest houses with their unique services and the glimpse they offer into the life of the country’s local residents, have made an important contribution to the development of tourism in Armenia.
Since the 2020 Artsakh War, discussions about Armenia-Diaspora collaboration have become more active. Through his own personal experience, scientist Hrant Khachatrian lays out his vision for effective cooperation.
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.
EVN Report’s mission is to empower Armenia, inspire the diaspora and inform the world through sound, credible and fact-based reporting and commentary. Our goal is to increase public trust in the media. EVN Report is the media arm of EVN News Foundation registered in the Republic of Armenia in 2017.
