News

Deputy Minister: Armenia can transform from a country with limited accessibility into a logistics and economic hub
Armenia and Italy discussed prospects for expanding cooperation in the field of high technology.
Without clear laws protecting investors` rights, we will continue to tread water – ZCMC CEO
Deputy Prime Minister: The peace agenda and unblocking communications could significantly change Armenia`s economic geography
The head of the Association of Miners and Metallurgists: The standards Lidian Armenia works with create minimal environmental risk
The presidents of Armenia and Kyrgyzstan discussed prospects for expanding trade and economic cooperation between the countries
Likhachev: Rosatom is receiving positive signals from Armenia regarding its proposal for a new nuclear power plant unit.
On the Armenian interbank currency market, both dollar and ruble transactions increased from October 12 to 16.
Armenia and Cyprus are considering ways to deepen economic cooperation
Gevorg Papoyan received the Minister of Agriculture and Forestry of Turkey
Armenia needs to attract juniors rather than engage in mass geological exploration, expert says
Armenia`s mining industry has high development potential - Hayk Aloyan
Armenia and Italy discussed the possibility of receiving financing on preferential terms from the Italian Development Bank.
Head of Armenian Nuclear Power Plant: Nuclear energy is of strategic importance for Armenia
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
LIGA Insurance was officially presented as a new member of the international GRAWE Group at a conference in Slovenia
Economist: Mining sector`s share in Armenia`s exports will increase
IDBank to Showcase Environmental and Innovative Initiatives at COP17
The Strong Armenia faction intends to secure the registration of European drugs on the Armenian market
Armenia ranks last in terms of geological exploration expenditure per square kilometer
Khudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead end
Khudatyan: Armenia currently has no disagreements with Russia over gas prices
Khudatyan: Armenia will decide on the model of a new nuclear power plant in early 2027
Khudatyan: Armenia is considering expanding energy ties with Azerbaijan and Turkey
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
The mining industry`s share of Armenia`s GDP will reach a record 5% by the end of 2026, and the sector will demonstrate growth of 21.5%
“From Resources to Opportunities”: Mining Armenia Forum 2026 Begins in Armenia
Russia has requested that veterinary certification of products from an Armenian manufacturer be suspended
The head of the Armenian Defense Industry received a delegation from the Indian Defense Management College.
Armenia and Kazakhstan discussed prospects for expanding cooperation in the areas of subsoil resources and renewable energy.
Armenia and Russia are creating a working group to address railway concession issues, according to the Prime Minister`s decision.
Armenia and the UAE discussed prospects for expanding trade and economic cooperation.
35 Years of Trust: IDBank Celebrates with Its Customers
Armenia and Egypt explored opportunities for cooperation in waste management
The IMF has improved its forecast for Armenia`s GDP growth in 2026 from the previous 5.3% to an updated 5.5%, expecting inflation to significantly exceed the target, reaching 4.6%
The government will allocate an additional 2.071 billion drams for the implementation of subsidy programs
The Prime Minister on the railway: A rational solution is to change the concessionary management format
The state will allocate an additional 2.035 billion drams for the development of the scientific sphere
The government adopted a bill recognizing the priority public interest in relation to 100% of the shares of ENA CJSC
Over 1.7 million tourists visited Armenia in 9 months
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Belozerov: Russian Railways intends to strictly adhere to the terms of the concession agreement for Armenian railways
The Armenian Prime Minister discussed with the head of Russian Railways the integration of Armenian railways into international transport corridors.
The State Revenue Committee of Armenia and the BSEC countries discussed measures to combat smuggling and drug trafficking.
In Bangkok, the head of the Armenian Ministry of Finance discussed the country`s economic prospects with international financial institutions.
In Armenia, the loss ratio for compulsory motor vehicle liability insurance (CMTPLI) decreased to 74.5% by October 2026.
Energy expert: Russia`s proposal for a new nuclear power plant for Armenia is the most well-developed
Tsarukyan: Armenian agriculture is currently in crisis due to artificial problems created by the Armenian authorities
Armenia and the United States discussed prospects for expanding economic ties
The State Revenue Committee of Armenia will launch pilot projects on product labeling.
TRF 2026: Dilijan Becomes a Platform for International Tourism Dialogue
Armenia`s metallurgical industry achieved high double-digit growth in January-August 2026
Armenia and the United Kingdom discussed the development of a legal framework for international road transport
Team Telecom Armenia is a technology partner of COP17
Armenian producers are participating in the international exhibition of the bar industry and alcoholic beverages in Berlin.
The "Physmath Friends" Charitable Foundation is the October beneficiary of "The Power of One Dram"
“We Have Overcome the Most Challenging Stage and Now Look to the Future with Confidence”: Anatoly Gogotin, General Director of GPM Gold
Expert: We need to consider why other post-Soviet countries are not seeking to join the EAEU
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
Sources: The head of Russian Railways will visit Yerevan on October 13.
Read more

Currency Market

Indicators

Armenia and Italy discussed prospects for expanding cooperation in the field of high technology.

Friday, October 16 2026 21:28:05

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.

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. >>>
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. >>>
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. >>>
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). >>>
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. >>>
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. >>>
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. >>>
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. >>>
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). >>>
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. >>>
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. >>>
OpenAI expressed its readiness to continue cooperation with the Ministry of Education and Science of Armenia in the field of AI applications Monday, September 28 2026 20:55 ArmInfo. Anna Babajanyan and Kristina Tataryan, Deputy Ministers of Education, Science, Culture, and Sports of Armenia, met with representatives of the delegation of the international digital platform OpenAI, who are in Armenia on a working visit. >>>
Armenia Engineering Week 2026 kicks off in Yerevan and Vanadzor in early October. Monday, September 28 2026 16:33 ArmInfo. The annual series of events, "Armenia Engineering Week 2026," will be held in Engineering City (Yerevan) and the Vanadzor Technology Center (Vanadzor) from October 2nd to 4th. >>>
Cosmonaut Harutyun Kiviryan joined the SpaceX Crew-14 mission Saturday, September 26 2026 15:56 ArmInfo. In the spring of 2027, the four-person SpaceX Crew-14 crew will launch to the International Space Station (ISS) under the command of astronaut Kayla Barron. >>>
Armenia and the EU discussed developing cooperation in AI, high-tech, digitalization, and cybersecurity Saturday, September 26 2026 12:12 ArmInfo. Armenia and the EU discussed the further development of cooperation in high technology, artificial intelligence (AI), digital infrastructure, and cybersecurity. This was reported by the press service of the high-tech industry, citing the results of a meeting between the head of the department, David Tadevosyan, and the EU Ambassador to Armenia, Vasilis Maragos. >>>
Firebird`s computing infrastructure capacity will reach 100,000 GPUs. Wednesday, September 23 2026 17:24 ArmInfo. Within the three phases of the Firebird AI Factory construction project in Hrazdan, the computing infrastructure will reach 100,000 GPUs. This was announced by Firebird co-founder Alexander Yesayan during a press conference on September 23. >>>
This year, DigiTec will become the largest AI platform in the region. Wednesday, September 23 2026 17:13 ArmInfo. This year, Armenia's premier technology event, the DigiTec exhibition and conference, will become one of the largest platforms for artificial intelligence (AI) in the region. Armen Kocharyan, Chairman of the Union of Advanced Technology Enterprises (UATE), announced this at a press conference on September 23. >>>
Team – technological partner of Tuesday, September 22 2026 18:43 ArmInfo. Supporting the popularization of science and education, Team Telecom Armenia will act as the technology partner of in Armenia, which will bring together thousands of people interested in science and innovation. >>>
Bloomberg: By the end of 2027, the data center in Hrazdan will reach a capacity of 300 megawatts, and the number of advanced Nvidia chips for artificial intelligence installed in the center will exceed 70,000. Tuesday, September 22 2026 15:46 ArmInfo. By the end of 2027, the Hrazdan data center is projected to reach a capacity of 300 megawatts, and the number of advanced Nvidia AI chips installed there will exceed 70,000. >>>
Huawei and the Armenian Enterprise Incubator Foundation sign a memorandum of understanding to expand cooperation in AI fields Saturday, September 19 2026 11:53 ArmInfo. On the sidelines of the “Advancing the Agentic World” forum taking place in China, Huawei Technologies and Armenia’s Enterprise Incubator Foundation signed a strategic memorandum of understanding (MoU) to expand cooperation in the areas of artificial intelligence, advanced digital technologies, research, innovation, talent development and industrial transformation. This is stated in a foundation release. >>>

News

Deputy Minister: Armenia can transform from a country with limited accessibility into a logistics and economic hub
Armenia and Italy discussed prospects for expanding cooperation in the field of high technology.
Without clear laws protecting investors` rights, we will continue to tread water – ZCMC CEO
Deputy Prime Minister: The peace agenda and unblocking communications could significantly change Armenia`s economic geography
The head of the Association of Miners and Metallurgists: The standards Lidian Armenia works with create minimal environmental risk
The presidents of Armenia and Kyrgyzstan discussed prospects for expanding trade and economic cooperation between the countries
Likhachev: Rosatom is receiving positive signals from Armenia regarding its proposal for a new nuclear power plant unit.
On the Armenian interbank currency market, both dollar and ruble transactions increased from October 12 to 16.
Armenia and Cyprus are considering ways to deepen economic cooperation
Gevorg Papoyan received the Minister of Agriculture and Forestry of Turkey
Armenia needs to attract juniors rather than engage in mass geological exploration, expert says
Armenia`s mining industry has high development potential - Hayk Aloyan
Armenia and Italy discussed the possibility of receiving financing on preferential terms from the Italian Development Bank.
Head of Armenian Nuclear Power Plant: Nuclear energy is of strategic importance for Armenia
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
LIGA Insurance was officially presented as a new member of the international GRAWE Group at a conference in Slovenia
Economist: Mining sector`s share in Armenia`s exports will increase
IDBank to Showcase Environmental and Innovative Initiatives at COP17
The Strong Armenia faction intends to secure the registration of European drugs on the Armenian market
Armenia ranks last in terms of geological exploration expenditure per square kilometer
Khudatyan assured: The issue of transferring the concession for Armenian railways to another country has not reached a dead end
Khudatyan: Armenia currently has no disagreements with Russia over gas prices
Khudatyan: Armenia will decide on the model of a new nuclear power plant in early 2027
Khudatyan: Armenia is considering expanding energy ties with Azerbaijan and Turkey
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
The mining industry`s share of Armenia`s GDP will reach a record 5% by the end of 2026, and the sector will demonstrate growth of 21.5%
“From Resources to Opportunities”: Mining Armenia Forum 2026 Begins in Armenia
Russia has requested that veterinary certification of products from an Armenian manufacturer be suspended
The head of the Armenian Defense Industry received a delegation from the Indian Defense Management College.
Armenia and Kazakhstan discussed prospects for expanding cooperation in the areas of subsoil resources and renewable energy.
Armenia and Russia are creating a working group to address railway concession issues, according to the Prime Minister`s decision.
Armenia and the UAE discussed prospects for expanding trade and economic cooperation.
35 Years of Trust: IDBank Celebrates with Its Customers
Armenia and Egypt explored opportunities for cooperation in waste management
The IMF has improved its forecast for Armenia`s GDP growth in 2026 from the previous 5.3% to an updated 5.5%, expecting inflation to significantly exceed the target, reaching 4.6%
The government will allocate an additional 2.071 billion drams for the implementation of subsidy programs
The Prime Minister on the railway: A rational solution is to change the concessionary management format
The state will allocate an additional 2.035 billion drams for the development of the scientific sphere
The government adopted a bill recognizing the priority public interest in relation to 100% of the shares of ENA CJSC
Over 1.7 million tourists visited Armenia in 9 months
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Belozerov: Russian Railways intends to strictly adhere to the terms of the concession agreement for Armenian railways
The Armenian Prime Minister discussed with the head of Russian Railways the integration of Armenian railways into international transport corridors.
The State Revenue Committee of Armenia and the BSEC countries discussed measures to combat smuggling and drug trafficking.
In Bangkok, the head of the Armenian Ministry of Finance discussed the country`s economic prospects with international financial institutions.
In Armenia, the loss ratio for compulsory motor vehicle liability insurance (CMTPLI) decreased to 74.5% by October 2026.
Energy expert: Russia`s proposal for a new nuclear power plant for Armenia is the most well-developed
Tsarukyan: Armenian agriculture is currently in crisis due to artificial problems created by the Armenian authorities
Armenia and the United States discussed prospects for expanding economic ties
The State Revenue Committee of Armenia will launch pilot projects on product labeling.
TRF 2026: Dilijan Becomes a Platform for International Tourism Dialogue
Armenia`s metallurgical industry achieved high double-digit growth in January-August 2026
Armenia and the United Kingdom discussed the development of a legal framework for international road transport
Team Telecom Armenia is a technology partner of COP17
Armenian producers are participating in the international exhibition of the bar industry and alcoholic beverages in Berlin.
The "Physmath Friends" Charitable Foundation is the October beneficiary of "The Power of One Dram"
“We Have Overcome the Most Challenging Stage and Now Look to the Future with Confidence”: Anatoly Gogotin, General Director of GPM Gold
Expert: We need to consider why other post-Soviet countries are not seeking to join the EAEU
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
Sources: The head of Russian Railways will visit Yerevan on October 13.
Read more

Exchange rates

16.10.2026

RUB	4.34	0.03
USD	362.34	0.85
EUR	407.95	2.51
GBP	483.25	4.13
CAD	256.03	1.46
JPY	22.94	0.02
CNY	54.19	0.17
CHF	440.27	4.53

Experts

Expert: 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 Iran
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
Read more

Commented

Politician: 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 regions
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
For first time, institution of restructuring insolvent banks is being introduced in Armenian banking system