ARMENIA'S MARKET OVERVIEW
Armenia is a powerful country in terms of industry and income. Armenia in industry, tourism, services, agriculture experienced great prosperity. Armenia's most important trading partners in terms of exports are Russia, Switzerland, Bulgaria, Iraq, the Netherlands, China (4.50%) and Iran. Iran plays a more active role in Armenia's imports. The people of Armenia in general have a very similar culture to Iranians. Armenia's ranking in the world is upwards in property purchase and construction.
What are the geography, politics and neighbors of Armenia?
Armenia is located in the South Caucasus, which borders Georgia to the north and the Republic of Azerbaijan to the east. The country is generally divided geographically into three regions: Greater Armenia, Lesser Armenia, and New Armenia. If you look at the history of Armenia, both Greater and Lesser areas, you will remember ancient Armenia. These two lands were separated.
The political situation in Armenia has changed from a republic to a parliament in a certain period of time, as evidenced by the fact that the referendum atmosphere in this country is precisely and routinely defined. The cities of Armenia have each been formed at a specific time in history. The language of Armenia has undergone many changes in its politics. The price of the Armenian dram has changed throughout history.
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Economy and financial resources and income of Armenia
In recent decades, in addition to industry, sectors such as tourism, services, agriculture have also experienced great prosperity. Especially tourism, which in recent years has attracted many Iranians to this country.
Evidence shows that Armenia's financial institutions and institutions are operating in good condition. Inflation has been in equilibrium in Armenia since 1998. The country has controlled its economic growth.
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Armenia Natural Stones Market
Armenia Minerals Market
Armenia Petroleum Market
Armenia Gemstones Market
Armenia Construction Materials Market
Armenia Chemicals Market
Armenia Metals Market
Armenia Petrochemicals Market
Armenia Real estates Market
Armenia Food Market
Armenia Crops Market
Armenia art and craft Market
What are the trade statistics of Armenia?
One of Armenia's main obstacles to expanding trade with the rest of the world is its landlocked access to the sea. This has increased Armenia's need for its neighbors, while its two main neighbors, Turkey and the Republic of Azerbaijan do not have good political relations with Iran's northern neighbor. Although the two countries have trade relations with Armenia, this relationship has always been affected by political conflicts.
Some of these countries, including Russia and China, also play a significant role in exports to Armenia, which indicates their trade relations with each other.
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Which countries are Armenia's main partners in importing goods?
About 5.55% of Armenian goods are imported from Iran. Russia and China are still Armenia's main partners in the import trade. The chart below is based on the World Trade Organization (WTO) statistics for 2018, which show Armenia's main partners in the import of goods.
The EU is a key reform partner in Armenia. The EU has stepped up its support and almost doubled its annual allocation in grants to €65 million annually in 2019 and 2020. Its current substantial portfolio focuses on supporting the government’s reform agenda, private sector development, human capital, and development of focal regions. In addition, since 2014, more than €1 billion in the form of blended loans and grants has been invested in the energy, agriculture and transport sectors.
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Culture and progress of the Armenian people
In this country, people shake hands when greeting each other, and if they are very intimate, they kiss each other. The economic situation in Armenia is such that it can create a very ideal atmosphere. There are many religious festivals in this country and in general the people of Armenia try to adhere to religious festivals. Evidence shows that some people still adhere to traditional clothing and wear long, embroidered shirts in the clothes worn by the people of this country.
As the evidence shows, the culture of the people of Armenia changes periodically and has certain categories. In this country, you have no right to harass women, you will definitely be dealt with.
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World ranking in all fields of Armenia
Armenia's ranking in the world in terms of property purchase and construction has been able to take precise steps upwards. Keep in mind that equipment and food in this country is in normal condition and has been able to grow well in the world. Chemicals and machinery, rubber, clothing as well as the defense industry are among the most important sectors in the country.
The country has also achieved a good ranking in the world in terms of company registration, so that the economic systems in the field of company registration in Armenia have been accurate and routine.
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