Armenian economy

Russia and Armenia closely linked - Kremlin

Russia and Armenia are fraternal nations and the integration process binding them contributes to Armenia's economic development, Russian Presidential Spokesman Dmitry Peskov said on Wednesday.

UN projects GDP growth for South Caucasus countries

The United Nations has presented a new two-year economic growth forecast for the South Caucasus, predicting real GDP growth in Azerbaijan, Armenia, and Georgia to range from 2.7% to 5.4%.

Armenia's GDP grows by 6%

According to the Eurasian Development Bank (EDB), Armenia's GDP increased by 6% this year, driven primarily by growth in the financial, IT, and construction sectors.

EU integration to be painful for Armenia - Galuzin

If Armenia follows the path of the EU integration, it will objectively lead to a revision of the established economic relations that Yerevan currently has with its partners in the EAEU, Russian deputy foreign minister Mikhail Galuzin said.

EU integration to be painful for Armenia - Galuzin
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