Business Environment

After gaining independence in 1991, Armenia adopted a policy of liberal market economies and initiated a privatization program. Through its effective investments in the field of technology and infrastructure, the country has been able to create a favorable business environment for foreign investors. Armenia ranks significantly higher than many countries in the world in global rankings. The main sectors of the economy undergoing rapid growth include energy, including renewable energy, mining, construction, IT, food processing and beverages, jewelry and diamond processing, as well as tourism and financial services.

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