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.

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