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Business / Trade in Armenia

  • The newly created Eurasian Economic Union (EEU) has shortly got the momentum

    AFGHANISTAN, 2015/12/03 The newly created Eurasian Economic Union (EEU) has in a little while got the momentum as an economic hub for the nations of the region. The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia as its members, whereas; the Organization is a continuation of contemplation for establishing the integration projects by the Belarus, Kazakhstan, and Russia since 2007. The Organization fundamentally promotes the ideas of streamlining the flow and transportation of services and goods between the member states, therefore, it greatly attracts the interests of a lot of stakeholders and according to the Russian Ministry of Economic Development, a lot of international organizations and the economic giants like China has shown great interest in the creation of free trade zones through the EEU. The present political and economic importance of the South and Central Asian region along with free trade and economic potential across the Eurasian region greatly appeals almost each regional and international country, whether may they be developed or developing country seems eager approaching in bilateral and multilateral engagements with these organizations and the states in the region. The cooperation that is vital to the a lot of states’ national interests consists of the fields of security, economic, energy, bilateral, free trade, scientific education and cultural interactions. Most particularly, the Russian Federation and China have leading ambitious roles in region’s economic and infrastructural developments. In addition, the growing significance of the Shanghai Cooperation Organization (SCO) in the present scenario has further enabled China and Russia to become a dominant player on the world economic and political arena. This in turn has as well provided small or developing nations to benefit from the mutual benefit efforts of the SCO, EEU and other forums for their industrialization and national economic development goals.

  • Armenia is on the way to lose the EU's support for reforms

    ARMENIA, 2014/02/08 The EU Advisory Group which operates since 2008 may terminate its operation in Armenia. "The mandate of the Group which expires in spring 2014 will not be extended," said a representative of the Group. Armenia is on the way to lose the EU's support for reforms which are vitally significant for the country. The spheres of cooperation between Armenia and the EU seem to get limited significantly due-to Armenia's preference for the Customs Union.

  • French President Francois Hollande will visit Armenia in May 2014

    ARMENIA, 2013/12/18 French President Francois Hollande will visit Armenia in May 2014 at the invitation of Armenian President Serzh Sargsyan, Public Radio of Armenia reports, quoting the Press Service of the Elysee Palace. The President of the Republic received the representatives of the Coordination Council of Armenian Organizations of France (CCAF), Mourad Papazian, Ara Toranian and Alexis Govciyan. He praised the work of the CFC towards preserving the Armenian culture and memory.

  • Armenian President Serzh Sarkisian's Says Association Agreement With EU Still Possible

    ARMENIA, 2013/09/05 Armenian President Serzh Sarkisian's government says it still hopes to initiate a key political and free trade agreement with the European Union this year. Sarkisian announced on September 3 that Armenia would join the Customs Union of Russia, Belarus, and Kazakhstan following talks with Russian President Vladimir Putin in Moscow. The announcement triggered warnings by EU officials that the decision may thwart the country’s chances of signing an Association Agreement with the bloc in November.

  • EU Praises Georgia, Moldova, Armenia

    ARMENIA, 2013/03/23 The European Commission has presented its annual European Neighborhood Package, detailing political and economic development in its six eastern neighbors, as well as countries in the southern Mediterranean. The package will be a key factor in determining how much EU funds that will be granted to the individual member states later this year. 

  • The Future of Entrepreneurship in Armenia

    ARMENIA, 2012/12/26 The American University of Armenia (AUA) is cultivating Armenia’s next generation of entrepreneurs, technology leaders, and world-class researchers, said AUA President Dr. Bruce Boghosian on Monday, December 10, while speaking at ArmTech Congress 2012 about the university’s new initiatives to foster the development of a knowledge-based economy in Armenia.

  • The 2010 Zorah Karasi Areni Noir

    ARMENIA, 2012/12/26 The 2010 Zorah Karasi Areni Noir, made from grapes from the Areni region of Armenia, was ranked in Bloomberg’s top 10 inventory. Bloomberg’s Elin McCoy, in the piece entitled “Top 10 Wines of 2012 From Burgundy to Armenia to Sonoma” said that the Top 10 inventory was compiled after sampling 4,000 wines during 2012. “I was wowed by my first-ever taste of an Armenian wine, this stylish red made from areni noir grapes and aged in traditional clay amphora,” said McCoy.
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