David Tadevosyan: The state plans to allocate approximately $25 million to the acquisition of computing resources and GPU equipment.

 Monday, November 9 2026 13:26:17
David Tadevosyan: The state plans to allocate approximately $25 million to the acquisition of computing resources and GPU equipment.

ArmInfo. Armenian Minister of High-Tech Industry and Artificial Intelligence David Tadevosyan received a delegation led by Philip Morris International Vice President for Science and Technology Luca Rossi and Director of the PMI Science Research Center Gurgen Mardoyan.

In 2027, 24.1 billion drams will be allocated from the state budget for the needs of the Ministry of High-Tech Industry and Artificial Intelligence
 Friday, November 6 2026 12:08

ArmInfo. 24.1 billion drams will be allocated from the state budget of Armenia for the needs of the Ministry of High-Tech Industry and Artificial Intelligence in 2027. This was announced by Minister Davit Tadevosyan at the budget hearings of the National Assembly of the Republic of Armenia on November 6.

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Armenia is interested in developing technology transfer offices
 Thursday, November 5 2026 17:56

ArmInfo. Deputy Minister of High-Tech Industry and Artificial Intelligence of Armenia Tatev Aslanyan received representatives of the German Society for International Cooperation (GIZ).

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The Armenian government has approved a program for the development of physical artificial intelligence
 Thursday, November 5 2026 11:53

ArmInfo. Science development in Armenia should be driven by both public and private sector investment. This was stated by RA Minister of Education, Science, Culture, and Sports Zhanna Andreasyan at a government meeting on November 5, presenting a program for the development of physical artificial intelligence.

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Armenia and Estonia discussed prospects for cooperation in microelectronics and semiconductor technologies
 Wednesday, November 4 2026 13:06

ArmInfo. Armenian Minister of High-Tech Industry and Artificial Intelligence David Tadevosyan met with representatives of Estonian technology companies, led by Jaan Raik, coordinator of the Estonian Competence Center for Integrated Circuits (KIIP), to discuss prospects for expanding bilateral cooperation.

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Effective Partnerships for Nature: Team Organizes Panel Discussion at COP17
 Tuesday, November 3 2026 17:52

ArmInfo. Team Telecom Armenia, which acted as a technology partner for COP17 and provided uninterrupted communications and technological infrastructure for the large-scale international event, organized a panel discussion on the topic: "Effective Partnerships for Nature: Prospects for Public-Private Partnerships in Armenia."

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Yerevan to host Silicon Mountains 2026, an international technology summit and exhibition
 Monday, November 2 2026 15:27

ArmInfo. The international technology summit and exhibition Silicon Mountains 2026 will be held in Yerevan on November 3-4.

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Possibilities of expanding cooperation between Armenia and Latvia in the field of high technology were discussed
 Saturday, October 31 2026 13:59

ArmInfo. Aramayis Grigoryan, Deputy Minister of High-Tech Industry and Artificial Intelligence of the Republic of Armenia, participated in the 9th annual Techritory conference in Latvia, which was held under the motto "Security and Well-Being through Digitalization and Connectivity."

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Armenia notes the importance of creating conditions that will enable the effective and responsible use of AI tools for the benefit of the public and private sectors.
 Thursday, October 29 2026 19:11

ArmInfo. Deputy Minister of High-Tech Industry and Artificial Intelligence of the Republic of Armenia Gevorg Mantashyan participated in the "AI4COP: Artificial Intelligence Corresponding to Sovereignty" seminar as part of COP17, delivering a welcoming speech and participating in a panel discussion.

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Armenia and Italy discussed prospects for expanding cooperation in the field of high technology.
 Friday, October 16 2026 21:28

ArmInfo. Gevorg Mantashyan, Deputy Minister of High-Tech Industry and Artificial Intelligence of Armenia, met with Lucia Bonelli, a representative of the Italian state-owned development finance institution Cassa Depositi e Prestiti (CDP), operating under Italian state control, to discuss prospects for expanding cooperation between the two countries in the high-tech sector.

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The head of the Armenian Ministry of High Technologies discussed with the World Bank representative in Armenia the possibility of developing cooperation in the field of high technology and AI
 Friday, October 16 2026 12:23

ArmInfo. Armenian Minister of High Technologies and Artificial Intelligence Davit Tadevosyan and World Bank (WB) Country Manager for Armenia Fabrizio Zarcone met in Yerevan to discuss opportunities for developing cooperation in high technology, artificial intelligence (AI), cybersecurity, and telecommunications, as well as the digital transformation of government information systems.

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The head of the Armenian Defense Industry received a delegation from the Indian Defense Management College.
 Thursday, October 15 2026 17:37

ArmInfo. Aram Jivanyan, Chairman of the Military-Industrial Complex (MIC) Committee of the Ministry of High-Tech Industry and Artificial Intelligence of Armenia, received a delegation from the College of Defence Management (CDM), India, operating under the country's Armed Forces.

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Team Telecom Armenia is a technology partner of COP17
 Tuesday, October 13 2026 18:42

ArmInfo. Team Telecom Armenia has become a technology partner for the 17th Conference of the Parties to the Convention on Biological Diversity (COP17), which will be held in Armenia.

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Armenia and Barcelona discussed the possibility of implementing joint applied research projects in the field of vocational training.
 Monday, October 12 2026 18:22

ArmInfo. Armenia and Barcelona discussed the possibility of implementing joint applied research projects in the field of vocational training. This was reported by the press service of the Ministry of High-Tech Industry, citing the results of Deputy Minister Gevorg Mantashyan's visit to the Barcelona Supercomputing Center (BSC-CNS).

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Armenia will undergo a large-scale digital transformation of the judicial system
 Thursday, October 8 2026 11:51

ArmInfo. RA Deputy Minister of Justice Oksana Abrahamyan met with representatives of the World Bank mission, the Ministry's press service reported.

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Kam Ghaffaryan is the 2026 laureate of the State Prize of the Republic of Armenia for Global Contribution to High Technologies.
 Tuesday, October 6 2026 17:55

ArmInfo. The name of the 2026 laureate of the State Prize of the Republic of Armenia for Global Contribution to High Technologies was announced at a press conference held on October 6. This year, the prize was awarded to Kam Ghaffaryan, the founder and co-founder of IBX, Axiom Space, Intuitive Machines, X-energy, and Quantum Space, an engineer, and businessman.

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The Ministry of High-Tech Industry of Armenia discussed the modernization of the migration data management system.
 Monday, October 5 2026 16:42

ArmInfoArmenia's Deputy Ministers of High-Tech Industry and Artificial Intelligence, Gevorg Mantashyan and Tatev Aslanyan, received a delegation led by Ilona Ter-Minasyan, Head of the International Organization for Migration (IOM) Office in Armenia.

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David Yan: AI cannot be Parajanov or Tarkovsky: only humans possess the ability to “become a wizard and wave a wand.”
 Saturday, October 3 2026 17:31

ArmInfo. A master class by David Yan, one of the well-known entrepreneurs and pioneers in the field of artificial intelligence, was held at the Russian-Armenian University.

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It is necessary to move from providing services to creating our own products and advanced technologies - Tatev Aslanyan
 Friday, October 2 2026 18:46

ArmInfo. The technology sector must transition from providing services to creating its own products and advanced technologies – deep tech, physical AI, and health tech. This was stated by Tatev Aslanyan, Deputy Minister of High-Tech Industry and Artificial Intelligence (AI) of Armenia, during the high-level meeting "Freedom 250: Shared Values, Shared Opportunities," organized by the American Chamber of Commerce in Armenia (AmCham Armenia).

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Team Holding raised approximately $35 million from the capital market following the successful completion of a three-stage corporate bond placement.
 Thursday, October 1 2026 18:20

ArmInfo.Team Holding successfully completed a three-stage placement of corporate bonds, raising on the capital market an amount equivalent to almost $35 million (dollar and dram in the amount of $31.5 million and 1.4 billion drams, respectively). As noted in Team's announcement, all stages of the placement were completed ahead of schedule, demonstrating strong investor interest and confidence in Team's development strategy.

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Armenia plans to draft a draft regulation for the AI sector
 Thursday, October 1 2026 12:54

ArmInfo. Armenia intends to prepare a draft regulation for the field of Artificial Intelligence (AI). This was reported by the press service of the Ministry of High-Tech Industry and AI of Armenia, citing the results of the third meeting of the public council under the head of the technology ministry, David Tadevosyan, with the participation of representatives of AI companies, startups, and large and international organizations operating in Armenia.

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News
The tourist flow to Armenia has increased by 5% in the first nine months of this year compared to last year.The tourist flow to Armenia has increased by 5% in the first nine months of this year compared to last year.
Armenia responded to Russia`s letter regarding the possible denunciation of the agreement on the supply of gas, oil products and rough diamonds.Armenia responded to Russia`s letter regarding the possible denunciation of the agreement on the supply of gas, oil products and rough diamonds.
Yerevan authorities intend to implement a large-scale metro modernization programYerevan authorities intend to implement a large-scale metro modernization program
David Khudatyan: I am confident that Iran has no concerns about TRIPPDavid Khudatyan: I am confident that Iran has no concerns about TRIPP
The decision will be economically, not politically, based – David Khudatyan on the choice of a new nuclear power plant modelThe decision will be economically, not politically, based – David Khudatyan on the choice of a new nuclear power plant model
Minister: Armenian authorities are considering the construction of a traditional nuclear power unitMinister: Armenian authorities are considering the construction of a traditional nuclear power unit
Armenia still lacks a SME development strategy-expert -Armenia still lacks a SME development strategy-expert -
The budget of the Ministry of Environment of Armenia for the coming year will amount to 13 billion 138 million dramsThe budget of the Ministry of Environment of Armenia for the coming year will amount to 13 billion 138 million drams
Yerevan Mayor: 2 billion drams are planned to be allocated for the new Ajapnyak metro station project in Yerevan in 2027.Yerevan Mayor: 2 billion drams are planned to be allocated for the new Ajapnyak metro station project in Yerevan in 2027.
In Armenia, annual inflation in October amounted to 4.3%, being outside the target.In Armenia, annual inflation in October amounted to 4.3%, being outside the target.
828 million drams will be allocated for preparations for the construction of a new nuclear power unit in Armenia.828 million drams will be allocated for preparations for the construction of a new nuclear power unit in Armenia.
Banks see great untapped potential in Shirak - Daniel AzatyanBanks see great untapped potential in Shirak - Daniel Azatyan
David Tadevosyan: The state plans to allocate approximately $25 million to the acquisition of computing resources and GPU equipment.David Tadevosyan: The state plans to allocate approximately $25 million to the acquisition of computing resources and GPU equipment.
Iran`s Vice President Arrives in YerevanIran`s Vice President Arrives in Yerevan
In 2027, the Office of the Human Rights Defender of Armenia will receive 605 million drams from the country`s state budget.In 2027, the Office of the Human Rights Defender of Armenia will receive 605 million drams from the country`s state budget.
Armenia participates in the 9th China International Import Expo in ShanghaiArmenia participates in the 9th China International Import Expo in Shanghai
In Armenia`s foreign trade, the share of the EAEU decreased to 28.8% in the first 9 months of 2026, while the EU`s share increased to 17.9%In Armenia`s foreign trade, the share of the EAEU decreased to 28.8% in the first 9 months of 2026, while the EU`s share increased to 17.9%
RA Statistical Committee: Mineral raw materials dominate exports at 28%, while machinery and equipment dominate imports at 27%RA Statistical Committee: Mineral raw materials dominate exports at 28%, while machinery and equipment dominate imports at 27%
Traffic to Upper Lars is closed to heavy trucks with trailers and semi-trailers due to snowTraffic to Upper Lars is closed to heavy trucks with trailers and semi-trailers due to snow
Economic activity in Armenia slowed to 6.9% in the first 9 months of 2026.Economic activity in Armenia slowed to 6.9% in the first 9 months of 2026.
Armenia`s Deputy Prime Minister discussed prospects for bilateral cooperation with Kazakhstan`s Minister of Transport.Armenia`s Deputy Prime Minister discussed prospects for bilateral cooperation with Kazakhstan`s Minister of Transport.
From November 2 to 6, both dollar and ruble transactions decreased on the Armenian interbank currency market.From November 2 to 6, both dollar and ruble transactions decreased on the Armenian interbank currency market.
David Kazinyan: Since 2015, no one would have loaned money to ESA if not for the personal factor of Samvel KarapetyanDavid Kazinyan: Since 2015, no one would have loaned money to ESA if not for the personal factor of Samvel Karapetyan
The head of the Public Utilities Regulatory Commission (PSRC): the goal is to provide 24-hour water supply to Yerevan, Gyumri, and Vanadzor within the next five years.The head of the Public Utilities Regulatory Commission (PSRC): the goal is to provide 24-hour water supply to Yerevan, Gyumri, and Vanadzor within the next five years.
PSRC: The process of allocating quotas for the construction of energy storage stations may begin at the end of 2026PSRC: The process of allocating quotas for the construction of energy storage stations may begin at the end of 2026
Public Utilities Regulatory Commission: As gas prices rise, electricity prices will also increase.Public Utilities Regulatory Commission: As gas prices rise, electricity prices will also increase.
The geography of construction work in Armenia is changing - Yeghiazar VardanyanThe geography of construction work in Armenia is changing - Yeghiazar Vardanyan
In 2027, 24.1 billion drams will be allocated from the state budget for the needs of the Ministry of High-Tech Industry and Artificial IntelligenceIn 2027, 24.1 billion drams will be allocated from the state budget for the needs of the Ministry of High-Tech Industry and Artificial Intelligence
Minister of Economy: The price of Russian gas for Armenia is not as low as it seemsMinister of Economy: The price of Russian gas for Armenia is not as low as it seems
Papoyan: In 2027, the Armenian Ministry of Economy intends to implement 10 programs and 60 eventsPapoyan: In 2027, the Armenian Ministry of Economy intends to implement 10 programs and 60 events
RA Minister of Economy: Armenia gives more to the EAEU than it receivesRA Minister of Economy: Armenia gives more to the EAEU than it receives
1.1 billion drams will be allocated to fulfill insurance payment obligations for the 2026 agricultural year.1.1 billion drams will be allocated to fulfill insurance payment obligations for the 2026 agricultural year.
The EBRD is interested and ready for new investments in ArmeniaThe EBRD is interested and ready for new investments in Armenia
Armenia`s Deputy Prime Minister discussed prospects for cooperation in civil aviation with an ICAO representative.Armenia`s Deputy Prime Minister discussed prospects for cooperation in civil aviation with an ICAO representative.
Armenia is interested in developing technology transfer officesArmenia is interested in developing technology transfer offices
Armenia and Mexico are interested in expanding trade and economic cooperation.Armenia and Mexico are interested in expanding trade and economic cooperation.
Minister: In 2027, it is planned to allocate almost 436 billion drams to the Ministry of Education, Science, Culture and SportsMinister: In 2027, it is planned to allocate almost 436 billion drams to the Ministry of Education, Science, Culture and Sports
The Minister of Economy of the Republic of Armenia will participate in the 30th World Investment Conference in GenevaThe Minister of Economy of the Republic of Armenia will participate in the 30th World Investment Conference in Geneva
The Central Bank of Armenia warns of financial fraud involving utility services during home visitsThe Central Bank of Armenia warns of financial fraud involving utility services during home visits
Armenia has taken a step towards participating in the EU Customs and Fiscalis programs.Armenia has taken a step towards participating in the EU Customs and Fiscalis programs.
Armenia intends to join the agreement on combating violations of intellectual property rights on the Internet.Armenia intends to join the agreement on combating violations of intellectual property rights on the Internet.
The Armenian authorities intend to assist the older generation in developing their potentialThe Armenian authorities intend to assist the older generation in developing their potential
ICAO Regional Director Meets with Head of Armenia`s Civil Aviation CommitteeICAO Regional Director Meets with Head of Armenia`s Civil Aviation Committee
The Armenian government has approved a program for the development of physical artificial intelligenceThe Armenian government has approved a program for the development of physical artificial intelligence
FLYONE ARMENIA will launch a Yerevan-Berlin-Yerevan flight starting next summerFLYONE ARMENIA will launch a Yerevan-Berlin-Yerevan flight starting next summer
Badalyan: The United Kingdom has introduced autonomous trade measures against goods of Armenian originBadalyan: The United Kingdom has introduced autonomous trade measures against goods of Armenian origin
With EU funding, Armenia has launched a new program to improve the country`s business and investment climate.With EU funding, Armenia has launched a new program to improve the country`s business and investment climate.
Investment company CUBE Invest entered the Armenian capital market for the first time as an issuerInvestment company CUBE Invest entered the Armenian capital market for the first time as an issuer
Armenia and Iran discussed cooperation in urban development.Armenia and Iran discussed cooperation in urban development.
Armenia and Estonia discussed prospects for cooperation in microelectronics and semiconductor technologiesArmenia and Estonia discussed prospects for cooperation in microelectronics and semiconductor technologies
The net inflow of transfers to Armenia has jumped several-fold, and the dominant volume continues to come from Russia.The net inflow of transfers to Armenia has jumped several-fold, and the dominant volume continues to come from Russia.
The Armenian Foreign Ministry: Benefits for Armenian goods from the evening of November 3 are fully reflected in the EU Integrated Customs Tariff system.The Armenian Foreign Ministry: Benefits for Armenian goods from the evening of November 3 are fully reflected in the EU Integrated Customs Tariff system.
State health insurance is successfully replacing voluntary health insurance – insurance analyticsState health insurance is successfully replacing voluntary health insurance – insurance analytics
Anahit Avanesyan: Healthcare expenditures in Armenia`s draft state budget for 2027 will increase significantlyAnahit Avanesyan: Healthcare expenditures in Armenia`s draft state budget for 2027 will increase significantly
The Ministry of Regional Development received a delegation from the European Bank for Reconstruction and Development.The Ministry of Regional Development received a delegation from the European Bank for Reconstruction and Development.
The Central Bank of Armenia: Further expansion of external demand creates risks of excess supply, leading to weakening consumer and investor confidenceThe Central Bank of Armenia: Further expansion of external demand creates risks of excess supply, leading to weakening consumer and investor confidence
The UAE is ready to deepen cooperation with Armenia in the energy sector.The UAE is ready to deepen cooperation with Armenia in the energy sector.
IDBank and Idram Hold Financial Literacy Session for Young Chess PlayersIDBank and Idram Hold Financial Literacy Session for Young Chess Players
Effective Partnerships for Nature: Team Organizes Panel Discussion at COP17Effective Partnerships for Nature: Team Organizes Panel Discussion at COP17
Martyn Galstyan: Sensitivity analysis showed that if gas prices rise by 10%, inflation will increase by 0.8%, but it is unclear whether there will be a linear relationship.Martyn Galstyan: Sensitivity analysis showed that if gas prices rise by 10%, inflation will increase by 0.8%, but it is unclear whether there will be a linear relationship.
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Exchange rates
09.11.2026
RUB4.38-0.02
USD360.430.09
EUR403.360.75
GBP483.661.02
CAD255.93-0.23
JPY22.820.05
CNY54.020.00
CHF440.57-0.05




Experts
Armenia still lacks a SME development strategy-expert -Armenia still lacks a SME development strategy-expert -
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning itExpert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and IranExpert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
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Commented
Politician: The price of gasoline in Armenia has reached an all-time high of 600 drams per literPolitician: The price of gasoline in Armenia has reached an all-time high of 600 drams per liter
RA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regionsRA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regions
Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia 
Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President
For first time, institution of restructuring insolvent banks is being  introduced in Armenian banking systemFor first time, institution of restructuring insolvent banks is being  introduced in Armenian banking system