Armenia’s economic activity grew by 7.4% in January–February 2026 compared to the same period last year, driven primarily by strong performance in construction and industry.
Construction led growth, expanding by 20.5% year-on-year to AMD 53.9 billion. February alone recorded a 40.7% increase compared to January and a 21.8% rise year-on-year, reflecting intensified infrastructure activity.
Industrial output rose by 17.2% to AMD 491.5 billion, with February showing a 12.2% monthly increase and a 23.8% annual gain, indicating sustained production momentum.
Trade turnover grew more modestly, up 3.3% to AMD 892.2 billion, though February saw stronger short-term growth. The services sector (excluding trade) expanded by 7.2% to AMD 630.3 billion, despite a slight monthly dip in February.
Inflation remained elevated, with consumer prices rising 4.1% year-on-year in January–February and 4.3% in February alone. Producer prices increased more sharply, up 9% over the same period.
Electricity generation reached 1.82 billion kWh, marking a 7.1% increase year-on-year, although February output declined slightly on a monthly basis.
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Armenia Highlights Regional Connectivity Gains at EAEU Meeting in Kazakhstan
Armenia emphasized regional connectivity gains at the Eurasian Economic Union (EAEU) Intergovernmental Council meeting in Shymkent on March 27.
Deputy Prime Minister Mher Grigoryan represented Armenia at the session, alongside senior officials from Russia, Belarus, Kazakhstan and Kyrgyzstan, with additional observer participation from Iran, Cuba and Uzbekistan.
The meeting focused on strengthening economic integration, including industrial cooperation, customs administration and digital systems, as well as monitoring macroeconomic trends across member states.
Grigoryan highlighted the lifting of transit restrictions by Azerbaijan as a significant development.
“The removal of transit barriers opens prospects for unlocking the region’s full potential and promoting trade growth,” he said.
He stressed that improving transport and logistics infrastructure in the South Caucasus could substantially boost foreign trade amid shifting global economic conditions.
Grigoryan also underscored the importance of coordinated monitoring of external economic activity to identify imbalances and protect domestic markets.
He pointed to ongoing cooperation in customs coordination, risk management systems and consumer protection, noting that joint efforts could enhance transparency and trust, particularly in the rapidly growing e-commerce sector.
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NATO Signals Support for Armenia–Azerbaijan Peace Process
NATO’s 2025 annual report highlights progress in the Armenia–Azerbaijan peace process, describing developments as a positive step toward regional stability.
“The initialling of the August peace deal was a major step towards normalization and regional security,” the report states.
NATO emphasized the strategic importance of the South Caucasus, particularly in the context of broader regional dynamics linked to Russia’s war in Ukraine.
The report notes that the Alliance “welcomed meaningful progress towards peace” and expressed readiness to deepen dialogue and cooperation with both Armenia and Azerbaijan.
It also highlights the role of the United States in supporting the peace process.
Separately, NATO underscored Armenia’s participation in its Building Integrity Programm, aimed at strengthening transparency and governance in the defense sector.
Armenia is listed among countries receiving “active support” under the initiative, alongside partners such as Georgia, Bosnia and Herzegovina, and Moldova.
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Turkish press: Armenian premier says he will ‘soon’ pay visit to Russia
Mar 28 2026
Armenian premier says he will ‘soon’ pay visit to Russia
Russia is a friendly country for Armenia, says Nikol Pashinyan
Kanyshai Butun
Armenian Prime Minister Nikol Pashinyan has announced his plans for a visit to Russia sometime “soon,” state news agency Armenpress reported.
Meeting with members of the public in the capital Yerevan on Friday, Pashinyan stressed that Russia is a friendly country for Armenia.
“I’ll be going to Russia soon. We maintain ties,” he said.
In a Monday phone call, Pashinyan and Russian President Vladimir Putin spoke on bilateral issues. The two also agreed to continue their talks in a meeting format at the first suitable opportunity.
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Armenia secures $300mn syndicated loan for AI data centre project
Armenia has signed a syndicated loan agreement, raising $300mn from six financial institutions to finance Firebird AI’s major artificial intelligence project, the high-tech ministry said on March 27.
The project will establish an advanced AI data centre in Armenia, as the country seeks to expand its technology sector and deepen cooperation with international partners.
The total value of the project’s first phase is estimated at around $450mn, with the syndicated loan covering a significant share. A second phase, bringing the total to around $4bn is envisaged, Firebird announced during US Vice President JD Vance’s visit to Yerevan in February.
This is the first time Armenia’s banking system has used a syndicated structure to support a large-scale technology investment, the ministry said on March 27.
High-Tech Industry Minister Mkhitar Hayrapetyan said the deal reflects broader ambitions for the country’s economy.
“This is an investment not only in the Firebird AI company, but also in the development of Armenia’s technological sector, innovation, science, and economy,” he said.
He added that the project is linked to cooperation with the United States. “This project aims to bring the aforementioned memorandum to life and thus ensure concrete practical results for our country,” Hayrapetyan said, referring to agreements signed in Washington in 2025 on artificial intelligence and semiconductors.
The ministry said the agreement “defines a new practical lending format in the Armenian financial market,” and is the largest such deal in terms of both financing volume and scale of investment.
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The Rahmi Bey Interview about Greek and Armenia Persecution in WWI Continues
In January 1919 the Athenian newspaper, Patris sent journalist Antonis Skouloudis to interview the ex-Governor of Smyrna, Rahmi Bey in Constantinople, who was a member of the Committee of Union and Progress (Young Turks). This is the second part of my article about interview that was a major coup for, Patris which questioned this Turkish political leader who had an involvement in the deportation of Greeks and Armenians under his watch.
Skouloudis argued that Rahmi Bey’s action of expelling Greeks from the western littoral of Asia Minor helped to swell the ranks of the national movement founded by Eleftherios Venizelos in Salonika in October 1916. Some of these refugees fled to island of Mitylene and were conscripted into the army of the provisional government of Salonika. Rahmi responded sarcastically that Venizelos should reward him for helping the latter’s administration with recruits. The great majority of the Asia Minor Greeks supported Venizelos, whom they considered to be their liberator.
Skouloudis inquired about the purpose of the persecutors in talking such against the Greeks. He suggested that the Ottoman government “intended to exterminate the Greek race.” Rahmi responded that if it was possible to exterminate the Greeks, “sir, I would have exterminated them myself.” He argued that the Greeks around Aivali were deported into the Anatolian interior for security reasons, but as we know they were employed in the infamous labor battalions. The Turks and Germans feared they would lend assistance to an allied landing.
Despite Britain being the enemy of the Ottoman Empire, Rahmi stated that he “had complete positive personal relations with the English of Smyrna.” Before and during the First World War, Rahmi supported the Britain, who desired an alliance with them. He did his utmost to protect the British and French residents of Smyrna. However, Constantinople had an alliance with Germany. It should not be forgotten that the Anglo-French navies blockaded and bombarded Smyrna, which made it difficult to conduct any import/export trade from that city, and the British air force bombed Smyrna during the war.
With the surrender of Bulgaria in late September 1918, Turkey now faced certain defeat. Germany could no longer send weapons through Bulgaria to assist its Ottoman ally. Rahmi had sent his private envoys to Athens to make peace with Britain. “We wanted to make peace. It was my idea,” Rahmi said. He sent Carabiber, the Director of Foreigners’ Affairs for Aydin Province, and the French merchant, Charles Giraud to Athens from Mitylene to present Rahmi’s letter to the Allies. Lord Granville, the British Minister in Athens, interviewed Carabiber on board the British ship to ascertain what Rahmi had in mind. Carabiber stated that Rahmi was interested in overthrowing the present Turkish Government, providing he would gain reasonable terms from the Allies.
Constantinople knew about his action but chose to do nothing. Talaat had considered that Rahmi was the best candidate to form a cabinet and also seek peace terms with Britain. Prime Minister Lloyd George’s reply from Paris that negotiations could only be conducted with official Turkish envoys and that Rahmi’s terms were unacceptable was conveyed to Carabiber by Granville on October 9.
Then, Rahmi talked about Turkey’s relations with Greece. He mentioned that Turkey’s status as an independent state “would depend on you, Greeks. You don’t mean to change your mind.” Rahmi thought that Greece had territorial designs in the Vilayet of Aydin with its large Greek population. In early 1919, Venizelos outlined his nation’s territorial claims in a memorandum which was presented to the Paris Peace Conference February 3-4, 1919. Of course, Britain, France, and Italy had their own territorial prizes in mind in the Ottoman Empire.
The Turkish historian Umit Eser stated that Rahmi was dismissed from his position as Governor of Smyrna due to his opposition to the new government led by Izzet Pasha. Furthermore, Rahmi was accused of corruption. He was accused of deporting Armenians and “corruption in tobacco purchases. Indeed, Christaki Athanasoula Efendi, a member of the administrative board in the chamber of commerce, had alleged that tobacco harvests were forcibly seized from non-Muslim merchants.”
Another accusation made by a former Muslim judge, Cevat Bey, contended “that Rahmi was responsible for the forced deportations of Ottoman Greeks during the war years.” These allegations resulted in Rahmi’s arrest, and he “was later exiled to Malta with a group of nearly thirty key members of the CUP in 1920.”
The Levantine families of Smyrna were shocked to see Rahmi being sent to Malta as a prisoner. A letter dated July 31,1919, sent to the editor of the Near East magazine argued that “all British and French residents [of Smyrna] were protected by Rahmi Bey from being in interned in some camp in the wilds of Asia Minor.” One of Smyrna’s prominent Levantine families, the Whittals, pressured the Foreign Office to release Rahmil, which finally paid off in the end.
In his closing remarks, Skouloudis avoided raising the issue of Rahmi’s legendary prosperity achieved during the war. Perhaps the deportation of the Greeks could have been part of a plan for the Turks to occupy the abandoned Greek properties along the western littoral of Asia Minor. They would enrich themselves at the expense of the Greeks.
The Turkish historians, Umit Ungor and Mehmet Polatel, in their book titled ‘Confiscation and Destruction: The Young Turk Seizure of Armenian Property’, described a textile factory in Manisa owned by the brothers Mardiros and Vartkes Sarian that was confiscated by the Ottoman government with the intention of producing goods for the war effort. Its production output was minimal, however, “Rahmi Bey, and his ‘accomplices’ (avene) Ali Fikri Bey, Zeki Bey and Ahmed Bey plundered the factory and enjoyed the financial benefits it brought them. The perpetrators kept the factory for 4 years, caused an estimated damage of 1,400,000 Turkish lira.” The book has passing references to Greeks as well.
In short, despite some positive aspects of Rami Bey’s administration of Smyrna during the war, overall he was guilty of persecuting Greeks and Armenians and exploiting his power for financial gain. It appears that he was careful to protect influential Levantines of all nationalities so that he could use this factor to his advantage as it became clear that the Ottomans would lose the war.
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Armenpress: Armenian Diaspora fellowship program drives high repatriation, org
More than 70% of participants in the iGorts program have ultimately repatriated to Armenia, organizers told Armenpress.
iGorts invites Diaspora Armenian professionals to work in Armenia’s public sector and government. The program is run by the Office of the High Commissioner for Diaspora Affairs.
Since its launch in 2020, more than 300 Diaspora Armenians have participated, said iGorts project leader Anna Mheryan.
The program offers Diaspora professionals a unique opportunity to engage in Armenia’s public administration system and contribute their expertise.
“The 7th round of the program will launch in September this year. From January 26 to March 13, we received around 200 applications from 30 countries. Participants who pass the first stage will be invited to interviews, after which selected candidates will begin work in Armenia’s public sector starting September 1,” Mheryan said on the Armenpress Podcast.
Participants are selected based on the needs identified by government agencies, with 35 candidates to be chosen this year. Applicants must also have higher education and at least five years of professional experience.
Selected specialists work in the public sector for one year, applying their expertise to help improve key sectors and contribute to policy and program development.
Mheryan highlighted the program’s high repatriation rate as one of its main achievements.
“Since 2020, around 300 participants have taken part in the program, 73% of whom have repatriated. Some have returned with their families and continued working in state institutions after passing civil service exams. Others have launched businesses and now cooperate with the Office of the High Commissioner for Diaspora Affairs and other institutions,” she said.
She added that many participants have relocated with their families and are now building their lives in Armenia, while others have even formed new families and settled in the country through the program.
Mheryan noted strong interest in the initiative, pointing out that participants often take part in multiple programs run by the office, including “Step Toward Home,” “Diaspora Youth Ambassador,” and “iGorts.”
“The main goal of the High Commissioner’s Office is repatriation, and all our programs are designed with that objective in mind. While participants are in Armenia, we introduce them to the country, its landmarks, and opportunities in higher education and the job market, encouraging engagement across different age groups,” she said.
According to Mheryan, participants are primarily motivated by patriotism, as well as a desire to understand Armenia’s public system from within and contribute to its development.
Participants in the iGorts program receive health insurance, round-trip airfare, and a monthly stipend of 336,000 AMD to cover living expenses throughout the fellowship.
Published by Armenpress, original at
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Armenia’s figure skating pair Akopova & Rakhmanin finish 8th at world champio
The Armenian figure skating pair Karina Akopova and Nikita Rakhmanin finished 8th at the 2026 ISU World Figure Skating Championships in Prague with a score of 123.34 after the free program.
A total of 20 pairs competed in the free program.
Minerva Fabienne Hase and Nikita Volodin claimed Germany’s figure skating world title with a total score of 228.33.
Georgia’s Anastasiia Metelkina and Luka Berulava took second place, while Canadians Lia Pereira and Trennt Michaud finished third.
Published by Armenpress, original at
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7th Global Meeting of the Mountain Partnership: Armenian Deputy FM highlights
Armenian Deputy Minister of Foreign Affairs Robert Abisoghomonyan participated in a ministerial meeting held within the framework of the Seventh Global Meeting of the Mountain Partnership in Andorra.
The ministry stated that Abisoghomonyan delivered remarks at the ministerial on “Environmental Safety in Mountainous Regions: Strengthening Resilience, Cooperation, and Global Sustainability.”
In his speech, the Deputy Minister addressed the numerous global challenges faced by mountain ecosystems and emphasized the vital importance of mountainous regions for ensuring global sustainability, resilience, climate action, and sustainable development. He highlighted the need to integrate the priorities and needs of mountain countries into global discussions on environmental issues.
The Deputy Minister also noted that climate change and natural disasters recognize no borders and stressed the necessity of cross-border cooperation to strengthen trust, prevent tensions over resources, and enhance the resilience and safety of mountain communities.
In this context, he reaffirmed Armenia’s position that even amid crises and tensions, it is essential to continue implementing measures aimed at building trust and addressing shared challenges such as forest fires, floods, and extreme weather events.
Deputy Foreign Minister Robert Abisoghomonyan further drew the audience’s attention to the 17th Meeting of the Conference of the Parties to the UN Convention on Biological Diversity, to be held in Armenia in 2026, presenting Armenia’s vision and priorities for the event.
Published by Armenpress, original at
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EAEU meeting underway in Kazakhstan
The meeting of the Eurasian Intergovernmental Council, a key governing body of the Eurasian Economic Union (EAEU), has kicked off in Shymkent, Kazakhstan.
Armenia, an EAEU member, is represented at the event by Deputy Prime Minister Mher Grigoryan.
The Prime Ministers of the other EAEU member states – Russia, Belarus, Kazakhstan, and Kyrgyzstan – are in attendance.
Representatives from Cuba, Iran, and Uzbekistan are participating as observers, while Tajikistan’s Prime Minister has been invited as a guest.
Host Kazakhstan is currently holding the rotating chairmanship of the EAEU governing bodies.
The agenda of the meeting includes issues related to deepening integration cooperation among the EAEU member states, with a focus on strengthening intra-union collaboration in key sectors, improving customs administration, promoting industrial cooperation, developing an integrated information system, protecting consumers, and monitoring the macroeconomic situation of the five member countries, according to Russia’s TASS news agency.
It is noted that the participants will particularly focus on cooperation in the industrial sector.
Published by Armenpress, original at
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