The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic growth over the period 1995–2014. Since 2014, GDP growth has slowed down substantially.
Armenia is a landlocked country in the South Caucasus region of the Caucasus. The country is geographically located in West Asia, within the Armenian plateau. Armenia is bordered on the north and east by Georgia and Azerbaijan and on the south and west by Iran, Azerbaijan's exclave Nakhchivan, and Turkey.
The economy of Armenia grew by 12.6% in 2022, according to the country's Statistical Committee and the International Monetary Fund. Total output amounted to 8.5 trillion Armenian drams, or $19.5 billion. At the same time, Armenia's foreign trade turnover significantly accelerated in growth from 17.7% in 2021 to 68.6% in 2022. GDP contracted sharply in 2020 by 7.2%, mainly due to the COVID-19 recession and the war against Azerbaijan. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled.
This article considers transport in Armenia.
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer.
Telecommunications in Armenia involves the availability and use of electronic devices and services, such as the telephone, television, radio or computer, for the purpose of communication. The various telecommunications systems found and used in Armenia includes radio, television, fixed and mobile telephones, and the internet.
The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies.
Gage Howard Tsarukyan is an Armenian businessman, politician, and former athlete. Tsarukyan is the founder and leader of the Prosperous Armenia political party. He also owns various large-scale businesses and is believed to be one of the richest men in Armenia.
Armenia, officially the Republic of Armenia, is a landlocked country in the Armenian Highlands of West Asia. It is a part of the Caucasus region and is bordered by Turkey to the west, Georgia to the north and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan to the south. Yerevan is the capital, largest city and financial center.
Armenian Railways was a rail operator in Armenia.
Artsakhbank is an Armenian bank with headquarters in Yerevan. As of November 20, 2017, the Bank has 7 branches in Yerevan and 11 branches in the defunct Republic of Artsakh.
Before the 2020 Nagorno-Karabakh war, the economy of the Republic of Artsakh was small, but rapidly growing. The economy of Karabakh showed a relatively quick and confident recovery from the 1991-1994 war. In 1999, the GDP figure was $59 million, 80 percent down on the figure in Soviet times. Yet, the GDP of the Republic of Artsakh reached $114 million in 2005, double the figure in 2001, registering economic growth of 14% in 2005, and in 2009 it registered a GDP of $260 million, which increased to $320 million by 2010. Nagorno-Karabakh's GDP (PPP) for 2010 was estimated at $1.6 billion.
Tourism in Armenia has been a key sector to the Armenian economy since the 1990s when tourist numbers exceeded half a million people visiting the country every year. The Armenian Ministry of Economy reports that most international tourists come from Russia, EU states, the United States and Iran. Though relatively small in size, Armenia has four UNESCO world heritage sites.
Ardshinbank CJSC is an Armenian commercial bank. The full name of the bank is the "Industrial Construction Bank CJSC".
Hrant Vardanyan was an Armenian businessman, the founder CEO of Grand Holding, and philanthropist. Honored Worker of Economy of the Republic of Armenia (2009).
Edward Martini Sandoyan, is a doctor of Economic Sciences of Armenia and the Russian Federation, professor, and served as Minister of Finance & Economy of Armenia from 1998 to 1999. The rector of Russian-Armenian University since June 2023.
The electricity sector of Armenia includes several companies engaged in electricity generation and distribution. Generation is carried out by multiple companies both state-owned and private. In 2020 less than a quarter of energy in Armenia was electricity.
Science and technology in Armenia describes trends and developments in science, technology and innovation policy and governance in Armenia.
INECOBANK is one of the leading South Caucasus banks, headquartered in Yerevan, Armenia. The bank offers a full range of banking services, including digital banking services to individuals, SME and corporate clients. The bank was founded on February 7, 1996, licensed by CBA General banking license No. 85).
