Agroholding Spayka strengthens relations with USA

ArmInfo.  Ambassador Kvien was welcomed by founder Davit Ghazaryan to Spayka LLC, Armenia's leading agro-industrial company to highlight deepening U.S.- Armenia economic ties, the U.S. Embassy in Armenia reports. 

The company joined Ambassador Kvien at the Select USA Investment  Summit in Washington, D.C. in May, reflecting the growing momentum in  bilateral trade and investment cooperation.

According to the RA Statistical Committee, the foreign trade turnover  between Armenia and the United States decreased by 23.1% in the first  half of 2025, amounting to $180 million. At the same time, exports  showed an annual decline of 6.1% to $26.5 million, while imports  decreased by 25.4% to $153.5 million.

The net flow of total investments from the United States to the real  sector of the economy in the first quarter of 2025 amounted to $6.7  million (2.6 billion drams), with an annual growth of 13 times (with  an increase in the positive level), and this is entirely FDI. Most of  the American investments, as before, were directed to the IT sector,  and the rest fell on the production of basic metals, housing  construction, and consulting activities. However, American  investments in energy projects, wholesale trade, and the hotel  business, research and development activities have significantly  decreased.

Spayka LLC is a leading agroholding of multi-profile agricultural  production in the region, a leader in the international cargo  transportation market, the largest producer and exporter of fruit and  vegetable products to the CIS countries, Europe and the Persian Gulf.  As stated on the company's website, today plays a strategic  role in the agricultural economy of Armenia, providing up to 70% of  the volume of fruit and vegetable exports. The total investment  contribution of the enterprise to the agriculture of Armenia is more  than $300 million.