Category: News

Hungarian low-cost airline Wizz Air is increasing its fleet in Armenia from two to three aircraft and plans to launch new routes to Eindhoven, Netherlands and Brussels, Belgium.

Wizz Air’s Chief Commercial Officer, Ian Malin, announced the expansion during a press conference at Zvartnots International Airport in Yerevan.

“Our goal is to become the most reliable and low-cost airline in Europe, connecting Central and Eastern Europe with the South Caucasus. In Armenia, we are the leading airline in terms of seat capacity, and it is also important for us to have more aircraft. Today’s good news is that our fleet in Armenia will grow from two planes to three. With this, we are opening two new routes—Eindhoven and Brussels. Flights to Eindhoven will operate three times a week starting in October, and flights to Brussels, also three times a week, starting in February [2027],” Malin said.

He added that the company is also increasing flights on other routes: weekly flights to Budapest will rise from two to four, flights to Frankfurt from two to three, and Prague will see four weekly flights.

Armenia’s Minister of Territorial Administration and Infrastructure, Davit Khudatyan, met with Wizz Air’s Chief Commercial Officer, Ian Malin.

According to a press release from the ministry, during the meeting Khudatyan noted the successful cooperation with the airline and emphasized that Wizz Air is a reliable partner for the Armenian government. He expressed hope that the airline’s flight network will expand further in the future.

Ian Malin announced the launch of two new routes from Yerevan to Eindhoven and Brussels. The minister suggested opening additional routes to Kazakhstan and Georgia, and in the case of Georgia, exploring the possibility of flights from Gyumri’s Shirak Airport.

The parties also discussed the proposal to establish a pilot training center, which would be important not only for Wizz Air and Armenia but for the region’s aviation sector as a whole.

The meeting concluded with a mutual commitment to implement new initiatives in the aviation sector in the near future.

On March 27, Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a phone call with Minister of Foreign Affairs of the Republic of Azerbaijan Jeyhun Bayramov.

The Ministers noted with satisfaction the positive developments in further normalisation process between Armenia and Azerbaijan, according to a readout. 

Ararat Mirzoyan and Jeyhun Bayramov also discussed regional issues and engagements within multilateral platforms.

The Government of Armenia plans to implement measures over the next five years to increase the annual number of tourists visiting the country to match its population. According to the latest census conducted in 2023, Armenia’s permanent population is 2,928,914.

Congratulating the Hungarian airline Wizz Air on increasing its flights from Armenia, Tourism Committee Chairperson Lusine Gevorgyan emphasized that the expansion of routes, the development of civil aviation in Armenia, and the growth of tourist numbers are part of the government’s five-year plan.

“We know that the availability of direct and affordable flights has a direct impact on tourist visits. Over the next five years, we will take measures to ensure that the annual number of tourists visiting our country reaches the country’s population. By the end of the next decade, we believe this number could reach five million per year. We are positioning Armenia as a sustainable and responsible tourist destination,” Lusine Gevorgyan stated.

The Ambassador of the Netherlands to Armenia, Marieke Monroy-Winter, described Wizz Air’s network expansion from Yerevan as a sign of growing interest between Armenia and Europe.

Speaking at a press conference hosted by the Hungarian low-cost airline Wizz Air, where the new routes to Eindhoven and Brussels were announced, the ambassador said, “The increasing number of routes to Europe is an excellent indicator of growing interest in Europe from Armenia and in Armenia from Europe, which I truly welcome.” According to the ambassador, Eindhoven is attractive not only for tourism but also for business, science, and student exchanges. It is known for offering an excellent ecosystem for all kinds of startups and researchers.

Prime Minister Nikol Pashinyan met with Alexander Tieman, the International Monetary Fund (IMF) Mission Chief for Armenia.

Prime Minister Pashinyan emphasized the close cooperation between the Government of Armenia and the IMF, highlighting the joint programs implemented in Armenia that support the development of various sectors of the economy, his office said in a readout. 

In this regard, he expressed confidence that the funds provided under the new IMF program approved for Armenia will help advance the government’s reform agenda.

Alexander Tieman highlighted the effectiveness of the cooperation with Armenia and noted that the IMF is ready to continue working together to ensure the successful implementation of the joint agenda.

The parties discussed matters related to ongoing cooperation and future programs, including enhancing Armenia’s economic resilience, supporting growth, and other topics of mutual interest.

YEREVAN, 27 MARCH, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 27 March, USD exchange rate down by 0.18 drams to 377.18 drams. EUR exchange rate down by 2.02 drams to 434.13 drams. Russian Ruble exchange rate up by 0.0483 drams to 4.6285 drams. GBP exchange rate down by 2.28 drams to 501.65 drams.

The Central Bank has set the following prices for precious metals.

Gold price down by 1337 drams to 54042 drams. Silver price down by 71.73 drams to 816 drams.

For the first time in the history of Armenia’s banking system, six financial institutions have signed a syndicated loan agreement to finance a major technology project, the Ministry of High-Tech Industry said in a statement.

Within the framework of the deal, leading banks and investment institutions have joined efforts to provide $300 million in financing to Firebird AI.

Minister of High-Tech Industry Mkhitar Hayrapetyan congratulated the participants, noting that the investment is not only directed at Firebird AI, but also contributes to the development of Armenia’s technological sector, innovation, science, and overall economy.

Hayrapetyan expressed gratitude to the United States government, stating that the megaproject stems from strategic agreements signed in Washington in 2025, particularly a bilateral memorandum of understanding in the fields of artificial intelligence and semiconductors.

According to the minister, the project aims to implement the memorandum and ensure tangible results through the active support of the Armenian and U.S. governments, the efforts of the company’s founders, and the investments of Armenia’s financial and banking sector.

Remarks were also delivered by Martin Galstyan, Governor of the Central Bank of Armenia, and David Allen, U.S. Chargé d’Affaires in Armenia, as well as representatives of the participating institutions.

The agreement introduces a new practical lending format in Armenia’s financial market and is the largest deal to date in terms of both financing volume and investment scale.

The project envisages the establishment of a modern artificial intelligence data center in Armenia, based on advanced technological solutions from NVIDIA.

The total investment for the first phase is estimated at approximately $450 million. A large portion of the financing is being jointly provided by Ardshinbank, Acba Bank, Evocabank, Fast Bank, C-Quadrat Ampega Asset Management Armenia, and Amundi-ACBA Asset Management.

On March 27 in Paris, Armenian Defense Minister Suren Papikyan met with Alexandre Ziegler, Executive Vice President and Defense Director at Safran Electronics & Defense.

Papikyan shared a video from the meeting on his Facebook page, noting that an agreement was signed at the end of the talks.

Earlier, it was reported that the Armenian Defense Minister, who is on an official visit to France, also held meetings with the French President’s military advisor, as well as with representatives of French defense companies.

Flyone Armenia will launch regular flights on the Yerevan – Almaty – Yerevan route starting from June 12, 2026, the company said in a statement.

Flights between Yerevan and Almaty will be operated from Zvartnots International Airport to Almaty International Airport twice a week — on Mondays and Fridays.

About FlyOne Armenia

FlyOne Armenia (www.flyone.am) is the leading air carrier of the Republic of Armenia, established in 2021. The airline operates flights to over twenty-three destinations across the CIS, Europe, and the Middle East — a number that continues to grow. Since the start of its operations, FlyOne Armenia has already carried more than three million passengers. The company’s modern fleet fully complies with the safety standards of the International Air Transport Association (IATA) and the European Union Aviation Safety Agency (EASA).