Armenia secures $300mn syndicated loan for AI data centre project

Intellinews
Mar 28 2026

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.

The Rahmi Bey Interview about Greek and Armenia Persecution in WWI Continues

The National Herald, Greece
Mar 28 2026

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.

Armenpress: Armenian Diaspora fellowship program drives high repatriation, org

Diaspora09:56, 27 March 2026
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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.

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Armenia’s figure skating pair Akopova & Rakhmanin finish 8th at world champio

Sports10:06, 27 March 2026
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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.

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7th Global Meeting of the Mountain Partnership: Armenian Deputy FM highlights

External policy10:17, 27 March 2026
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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.

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EAEU meeting underway in Kazakhstan

Economy10:26, 27 March 2026
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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.

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Armenian Ambassador to U.S., FCC Chairman discuss countering hybrid threats

External policy10:44, 27 March 2026
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Armenia’s Ambassador to the United States, Narek Mkrtchyan, held a meeting with Brendan Carr, Chairman of the Federal Communications Commission (FCC).

During the meeting, a number of priorities in the fields of communications and security were discussed, particularly in the context of hybrid threats, countering disinformation, and related issues, the embassy said in a readout. 

Ambassador Mkrtchyan emphasized the FCC’s expertise in these areas and highlighted the need for cooperation, taking into account Armenia’s potential in this sector and the priorities set for infrastructure and technological development.Opportunities for exchanging best practices in communications, conducting sectoral visits, and institutionalizing cooperation were also considered.

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5.5 km Georgian section of Russian gas pipeline to Armenia to be relocated

Economy11:00, 27 March 2026
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The Georgian service of the Sputnik news agency reported that Armenia has requested Georgian authorities to relocate by a few kilometers a 5.5-kilometer section of the gas pipeline running from Georgia to Armenia which transports Russian gas. 

According to Sputnik, Armenia requested the relocation because the Armenian section of the pipeline is located in the tri-border area of Georgia, Armenia, and Azerbaijan, which was mined in the 1990s.

“Based on the fact that it is impossible to maintain minimum safety standards and carry out repair work in this section, it has been decided to remove the problematic segment of the gas pipeline from the mined area and construct a new pipeline at a safe distance,” the report states.

It is noted that the pipeline will be relocated by several kilometers and connected to a new section constructed by Armenia.

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South Caucasus logistics diversification to drive foreign trade, Armenia says

Economy11:44, 27 March 2026
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Armenian Deputy Prime Minister Mher Grigoryan, in his speech at the meeting of the Eurasian Intergovernmental Council, lauded Azerbaijan’s lifting of the ban on transit shipments to Armenia as a significant development that opens prospects for utilizing the region’s full potential and contributing to the growth of mutual trade.

The Deputy Prime Minister emphasized that diversifying transport and logistics infrastructure in the South Caucasus will significantly boost foreign trade.

“In this context, the recent removal of transit barriers through Azerbaijan to Armenia is particularly significant for us, as it opens up prospects for unlocking the region’s full potential and promoting mutual trade growth,” Grigoryan noted, according to TASS news agency. 

He also stated that, given economic instability and the transformation of global trade, it is important to regularly analyze the EAEU’s external economic activities.

According to the Deputy Prime Minister, coordinated monitoring will not only identify emerging imbalances in a timely manner but also develop effective measures to protect the domestic market and local producers.

Grigoryan emphasized the effectiveness of cooperation between the customs services of EAEU member states and the Eurasian Economic Commission (EEC) in monitoring the declaration of high-tax-potential goods, which directly affects customs valuation and budget revenues.

“It is also important that the harmonization of approaches and rules for applying national risk management systems takes into account the sovereign interests of EAEU member states,” he added.

He described the improvement of cooperation mechanisms in consumer protection—enshrined in the joint action plan of EAEU member states—as promising.

He also noted that implementing the plan will not only become a key tool for managing trust between consumers and businesses—particularly relevant amid the rapid growth of e-commerce—but will also enhance market transparency, increase consumer awareness, and create a level playing field for economic operators.

The meeting of the Eurasian Intergovernmental Council, a key governing body of the Eurasian Economic Union (EAEU), kicked off in Shymkent, Kazakhstan on March 27. 

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Ahead of inaugural summit, EU says it looks forward to closer ties with Armeni

Politics12:29, 27 March 2026
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President of the European Council António Costa has described Armenia as a close EU partner as the sides are preparing for their first-ever bilateral summit.

The inaugural EU–Armenia summit will take place on 4-5 May in Yerevan, Costa reminded in a post on X.

“I look forward to meeting with PM Nikol Pashinyan. Armenia is a close EU partner, and we look forward to deepening this relationship. We are united by shared values and a commitment to international law and the rules-based international order,” he said.

The Armenian Prime Minister also mentioned the inaugural summit on X.

“I look forward to welcoming European Council President António Costa and EU Commission President Ursula von der Leyen. We are committed to further strengthening Armenia-EU partnership, guided by our Strategic Agenda,” Pashinyan said.

The President of the European Council, António Costa, together with the President of the European Commission, Ursula von der Leyen, will represent the EU at the EU-Armenia summit taking place in Yerevan on 4 and 5 May 2026.

Ahead of the summit, President Costa and President von der Leyen will attend the European Political Community meeting, also taking place in Yerevan on 4 May 2026.

The EU-Armenia summit will focus on strengthening bilateral relations in particular connectivity in energy, transport and digital. Leaders will also discuss the progress related to ensuring peace, security, connectivity and prosperity in the South Caucasus, as well as current global challenges.

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