Armenian startup ArchiWise AI speeds up real estate decisions

High Technologies19:25, 11 May 2026
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The initial stage of decision-making in the construction and real estate development sector is often lengthy, complex, and risky. ArchiWise AI, a startup founded by Armenians, aims to transform precisely this phase by bringing together the key analyses required for real estate development within a single platform and enabling developers, investors, brokers, and architects to make faster and more informed decisions.

Created based on the idea of Chris Vardanyan and Avag Simonyan, ArchiWise AI is an artificial intelligence-powered platform designed to manage the most complex decisions in the real estate development process – even before property acquisition and the launch of design work. It combines preliminary site analysis, zoning and legal restrictions, financial feasibility scenarios, permit viability assessments, as well as analyses of natural and market risks. The research is conducted individually for each land parcel.

Currently, ArchiWise AI operates in the U.S. market, though its founders say the technology is universal and could eventually be applied in other countries, including Armenia. Although the project is being launched in the United States, the team primarily works from Armenia.

“We started with one market to simplify the process, but the technology is universal and can be applied in any country,” the founders noted.

“In the real estate sector, we often have to make decisions quickly, but those decisions are not always sufficiently well-grounded. In many cases, delays lead to lost deals,” Chris Vardanyan said, emphasizing that the startup’s idea emerged from his own experience. He has decades of experience in the real estate industry.

According to him, the problem became especially acute at stages when rapid access to information about urban planning restrictions, permitted construction, or approval probabilities was required.

The platform addresses several key challenges. The first is land search. Previously, developers had to rely on brokers and wait weeks for proposals. Now, they can describe their requirements on the platform and receive suitable options almost instantly.

In addition, the system provides data on zoning regulations, permitted development, ownership, and other critical parameters related to land parcels. It enables investors and developers to uncover the true profitability potential of a site, anticipate and avoid fatal obstacles at an early stage, and choose the most viable and commercially efficient development path.

ArchiWise AI also displays potential risks on the map, including those related to floods, fires, earthquakes, and other factors, while also providing demographic and economic data. However, according to the founders, the platform does more than simply collect information – it also analyzes the data and offers the most optimal solutions.

“The platform answers several key questions: where to build, what to build, and whether the project is likely to be approved. What previously took weeks or months can now be done in minutes,” Vardanyan stated.

According to the co-founder, the platform’s operation is based on multilayered legal data at the federal, state, and local levels. The system builds a knowledge base for each city and provides responses based on that data. At the same time, it also analyzes precedents to assess how likely similar projects are to receive approval in a given area.

Nevertheless, the founders emphasize that the platform does not provide absolute guarantees.

“Even official documents can contain errors. We ensure maximum accuracy, but we also show the sources so users can verify the information,” Vardanyan said.

The platform was presented during an industry discussion held at CBRE’s headquarters in Glendale – the world’s largest commercial real estate services and investment company. According to the founders, the response was more positive than expected. Participants included representatives of both major companies and local government bodies interested in the platform’s capabilities.

Speaking about the future, the founders are convinced that artificial intelligence can significantly transform the entire real estate development chain.

“Within a few years, it will be possible to carry out the entire cycle – from land search to project approval – on a single platform. Project approvals should not take months or years. The goal is for a person to understand within minutes what is possible and what needs to be adjusted,” Vardanyan noted.

At present, ArchiWise AI is cooperating with several major organizations and has more than a dozen partner companies. The company is currently in an active growth stage. It has already secured initial investment and is preparing to enter a new phase.

At the same time, the team is working on a new solution that will also automate the review of architectural drawings, significantly reducing the time required for the process.

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Sardinia World Chess Festival 2026: Armenia’s Martirosyan wins silver medal

Sports10:23, 11 May 2026
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Armenian chess grandmaster Haik Martirosyan has won the silver medal at the Sardinia World Chess Festival 2026.

The Armenian grandmaster scored 7 points out of a possible 9 and shared second through fourth place with other participants at the international tournament in Italy.

He secured second place based on tie-break criteria.

Germany’s Frederik Svane won gold with 7.5 points.

Meanwhile, Armenia’s GM Mamikon Gharibyan also scored 7 points and finished fourth on tie-breaks.

Other members of the Armenian team, Grandmaster Emin Ohanyan and FIDE Master Sargis Manukyan, each earned 5.5 points in the competition.

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Saint Sophia Cathedral in Kyiv launches Armenian-language audio tour

Culture14:16, 11 May 2026
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The Saint Sophia Cathedral, an architectural monument and landmark in Ukraine’s capital Kyiv, has launched an Armenian-language audio tour, AnalitikaUA reports.

There are two ways to explore the historic monument in Armenian: online, from anywhere in the world, via the official website emuseum.ua, or on-site by scanning special QR codes placed throughout the complex.

Ancient inscriptions written in Armenian have been preserved on the cathedral’s walls to this day.

Anna Porphyrogenita, who descended from the Macedonian dynasty of Armenian origin, played a key role in the Christianization and cultural development of Kievan Rus’, the report said. 

Saint Sophia Cathedral (also known as St. Sophia’s Cathedral) was built as the metropolitan cathedral of Kyiv during the reign of Yaroslav the Wise in the 11th century. Anna Porphyrogenita was the grand princess consort of Kyiv through her marriage to Vladimir the Great.

AnalitikaUA highlighted that the Union of Armenians of Ukraine donated an Armenian cross-stone (khachkar) to the cathedral, which was blessed in 2018 and symbolizes the unbreakable spiritual bond between the two peoples.

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Central Bank of Armenia: exchange rates and prices of precious metals – 11-05-

Economy17:00, 11 May 2026
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YEREVAN, 11 MAY, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 11 May, USD exchange rate down by 0.05 drams to 368.96 drams. EUR exchange rate up by 0.09 drams to 434.23 drams. Russian Ruble exchange rate up by 0.0489 drams to 4.9961 drams. GBP exchange rate down by 0.58 drams to 501.42 drams.

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

Gold price down by 31 drams to 56244 drams. Silver price up by 3.43 drams to 956.58 drams.

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Armenpress: Yerevan, Delhi discuss expanding bilateral ties

Yerevan22:09, 11 May 2026
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Yerevan First Deputy Mayor and Acting Mayor Armen Pambukhchyan received India’s Ambassador Extraordinary and Plenipotentiary to Armenia, Nilakshi Saha Sinha, at Yerevan Municipality.

During the meeting, the parties emphasized the importance of developing Armenian-Indian relations, the municipality said.

They discussed steps aimed at implementing the Memorandum of Understanding on Cooperation signed between Yerevan and Delhi in 2008.

Pambukhchyan expressed hope for the ambassador’s support in strengthening ties between the two cities.

The sides also emphasized that Yerevan is open to foreign investments in various sectors and to the implementation of joint mutually beneficial programs.

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Verelq: The Catholicos brought his blessing to Samvel Kar on the eve of the elections

On May 10, H.S.O.T.T. The Supreme Patriarch and Catholicos of All Armenians Karekin II visited the national philanthropist Tiar Samvel Karapetyan, who is illegally under house arrest.


His Holiness brought the blessing of Holy Etchmiadzin to the famous Armenian and wished him to face the existing difficulties and trials with endurance and faith.

The Catholicos of All Armenians expressed his confidence that despite these difficulties, Tiar Samvel Karapetyan will continue to bring his weighty contribution to the benefit of the nation with hope, patriotism and church-loving spirit, for the sake of the homeland and the brightness of the life of Armenians around the world.

Is Armenia ready for a “civilized divorce” with Russia? expert (question:

Photo: RBK

The recent tensions and diplomatic rearrangements in Armenian-Russian relations continue to be at the core of the political agenda. The statements made after the Moscow meeting of the leaders of Armenia and Russia at the beginning of May regarding the possible resumption of military-technical cooperation raise new questions. Parallel to them, the restrictions applied to Armenian products in the Russian market, in particular, “Jermuk” and the theses about “civilized demarriage” sounding from Moscow circles suggest deep and complex processes.


Is official Yerevan changing the foreign political vector, or is what is being done purely in the logic of tactical steps? What messages does the Kremlin send to the authorities of Armenia, and what is the price of a possible break in relations with Russia? On these and other key topics VERELQtalked to a political analyst Hakob Badalyan with.



 


Hakob Badalyan is in the photo, source: yerkir.am


VERELQ. Mr. Badalyan, after his visit to Moscow and meeting with Vladimir Putin on May 8, Prime Minister Nikol Pashinyan announced that Armenia and Russia agreed to resume military-technical cooperation in certain directions, without going into details. Taking into account the tension of recent years and the well-known problems related to the supply of weapons from Russia, what does this statement and agreement indicate from a purely political point of view? Does this mean that the Armenian-Russian military-technical cooperation is reviving?


Hakob Badalyan. If this statement is really followed by practical steps, and if this was not just a situational move aimed at dispelling the concerns of the Armenian public about the deterioration of relations with the Russian Federation (which are directly related to economic and social problems), then we can record that this period of pause or idleness is coming to an end, and we are returning to a cooperative regime. In any case, since there were no objections or denials from Moscow, it is quite possible that the parties really discussed specific details.


It is clear that this gap in the past period was largely due to the fact that Russia directed all its resources to meet its own military needs. Now, it is possible that this acute demand on the Ukrainian front has somewhat decreased. On the other hand, Russia has recently multiplied the production volumes and rates of its military industry, which has opened up new opportunities for export as well.


VERELQ. It is understandable. In this context, let’s also refer to other recent developments. Against the background of the summit of the European political community and especially the trilateral meeting of Armenia-EU-USA on April 5, we saw rather harsh reactions of Russia. This was followed by the incident related to “Jermuk” mineral water, when the sale of a large batch was suddenly banned in the Russian Federation, allegedly due to phytosanitary problems. Considering that “Jermuk” is not only a well-known brand, but also its owner is considered a businessman with close ties to the current authorities, is this a purely economic issue or is it a clear political impulse aimed at the authorities of Armenia?


Hakob Badalyan. In the case of Russia, of course, it is very difficult to believe that such decisions are made purely based on phytosanitary considerations. When such partial, targeted restrictions are applied, they most likely have political motives. In my estimation, ahead of the geopolitical realignments and the upcoming pre-election phase in Armenia, Russia is simply trying to raise the price of its interests with concrete actions.


Seeing how other major players are taking a direct and open role in Armenia’s political processes, Moscow is trying to keep up. With concrete steps aimed at protecting his interests, he shows Yerevan that his warnings are not only verbal, and he will not hesitate to resort to painful actions. I think that this impulse is hidden behind the “Jermuk” case, and the fact that you mentioned that the owners of the company are among the big businessmen who work closely with the current government of Armenia is not a coincidence either.


VERELQ. And how are these harsh impulses of the Russian side and steps to increase the price of their own interests perceived in official Yerevan? Does the leadership of Armenia, which has recently been actively talking about diversification and looking for new security partners (for example, France, India), read those messages correctly?


Hakob Badalyan. If we are guided by the assumption that common sense has not yet left official Yerevan (and I am inclined to think that it has not, at least for now), then all of that is certainly taken into account. I am of the opinion that the impression of anti-Russianness in Yerevan’s policy is only tactical in nature and has not yet crossed the strategic red lines.


Yes, Russia regularly, especially now, in the conditions of these high stakes, reminds with concrete actions that crossing those strategic lines will have very serious consequences for Armenia. But, in my estimation, Yerevan has not yet crossed that line and, at least, I don’t see any significant intention to cross it yet.


VERELQ. Another remarkable episode. Recently, the Russian leadership and official circles have frequently discussed the topic of a possible break in Armenian-Russian relations. Reference is made both to Yerevan’s European integration aspirations and to the holding of a possible referendum. Even in open text, it is said that if Armenia really wants to go to the European Union, then it can be formulated as “elegant” or “civilized disobedience”. What do you think speaking in such an open text for the first time indicates?


Hakob Badalyan. I think this rhetoric also fits into the logic I mentioned: to raise the price of Russian interests in Armenia’s internal political and pre-election processes. Of course, there may be different nuances in the details, but the general goal is exactly that.


A lot will depend on further developments: how will the political processes in Armenia go, and what will be the behavior of the current government in the context of the election results? Will official Yerevan try to ensure the preservation of power at any cost, or will it come to terms with reality in case of an unfavorable result? Basically, Russia’s message, which was also noticeable in the footnotes of the official meetings, is that Moscow will reconcile with any result of the Armenian people’s election, if it is achieved in a legitimate electoral struggle. However, it is expected that Yerevan will also have to come to terms with that result, even if it implies the loss of power for Nikol Pashinyan.


VERELQ. Going back to the last point you mentioned and the idea of ​​”civilized divorce”. Considering the deep dependence of our economy on the Russian market, energy carriers and infrastructure, does Armenia today have the resources and is it ready for a final showdown with Russia? And is Russia ready to let us go in a “civilized” way?


Hakob Badalyan. Again, if we rely on common sense, Armenia has reason to be seriously concerned here. Regardless of whether this divorce will be “civilized” or not, it will seriously and very painfully hit Armenia’s socio-economic capabilities and vital interests. This will directly mean that Armenia will become much more vulnerable to Azerbaijan and Turkey, both in terms of economic needs and, therefore, in terms of political and security.


Therefore, we should not be interested in whether Russia is ready for a civilized divorce, but we should do everything so that the situation does not reach that fateful point. At the moment, Armenia has no tangible dividends or equivalent alternatives in any other direction that would compensate for these huge losses. Instead, in the event of such a rupture, we will receive challenges of a much tougher and completely new nature.

Verelq: By not participating in the election, by not standing next to each other, they are not out of this situation

We cannot get out of this situation by not participating in the election, by not standing next to each other. This cannot continue, this is the problem of our honor, the problem of our future. This was announced by PAP leader Gagik Tsarukyan during the campaign in Hrazdan.


According to him, today we are on this law for incorrect appointments. He reminded that in the past, during the USSR, people traveled a long way, formed a trajectory, reached a new position, and today there are people who have not done anything for fifty years, have not left a stone unturned, but one is a minister. It can’t be like that.


Referring to the main thesis of the government – peace, and the nail of his pre-election program – guaranteed peace, Gagik Tsarukyan noted.


“What is the peace? They have an agreement with Aliyev, but there is no signed document, he also demands that you should warm up, Kyark should be warmed, 300,000 Azerbaijanis should come to Armenia… yesterday he also said that after the elections RA should change the Constitution, those 300,000 Azerbaijanis should come. Our people of Artsakh have left everything, house, place, possessions and came here, there is no place to live, but there is no question of going there. How is this possible? For this, a guaranteed peace, which means a peace treaty signed by the mediation of major states, where everything will be fixed in black and white, is a priority. And whoever violated will be punished. That’s when we close the doors to war.”


Tsarukyan added that the weak always give in, so it’s not enough to say that they brought peace.


“If people want to live peacefully and prosperously, there should be guaranteed peace for that,” he added.


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Asbarez: Turkish Journalists Visit Gyumri, Armenia-Turkey Border

Turkish journalists visit Armenia-Turkey border


A group of Turkish journalists visited Gyumri after participating in the European Political Community summit and the “Yerevan Dialogue Forum” in Yerevan.

They visited the Gyumri-Kars railway area, reviewed plans for the resumption of the railway, and spoke on the spot about the importance of reopening the border checkpoint, the Ermenihaber news agency reported.

At the Armenian-Turkish border, they met with Levon Barseghyan, the director of Gyumri’s “Asparez” Press Club (no affiliation with this publication, eds.), and discussed the importance of reopening the border.

Barseghyan noted that the Akhurik station of Armenia was part of the Cold War-era railway network and that this station is the last point leading from Armenia to Turkey and from there to Europe. According to Barseghyan, it can become part of the Middle Corridor between Asia and Europe.

He recalled that this route operated during the Soviet era and remained open for one year, in 1992-93. According to him, the reopening of the border could significantly affect the development of trade and relations between Armenia and Turkey. Barseghyan added that this would benefit not only Turkey and Armenia, but also neighboring countries.

Putin Suggests ‘Divorce’ From Armenia, as Kremlin Steps Up Pressure on Yereva

Russian President Vladimir Putin addresses a Victory Parade in Moscow on May 9


President Vladimir Putin of Russia proposed what he called a “mutually beneficial divorce” with Armenia, given Yerevan’s mixed signals about joining the European Union and remaining in the Eurasian Economic Union, which Moscow has warned would not be an option.

The Kremlin on Monday insisted that Prime Minister Nikol Pashinyan answer for allowing President Vlodymyr Zelenskyy of Ukraine to make anti-Russian comments in Yerevan when he attended the European Political Community summit there last week.

Putin made the comments on Armenia’s choice during celebrations over the weekend marking the Soviet Victory over the Nazis. Pashinyan announced that he would not attend the parade and other events in Moscow.
“In my opinion, it would be right for both the citizens of Armenia and us as their main economic partner to make a decision as soon as possible,” Putin told reporters.

“For example, by holding a referendum. It’s not our business, but it would be entirely logical to hold a referendum and ask Armenia’s citizens about their choice. Accordingly, we would draw conclusions and go down the path of a gentle, amicable and mutually beneficial divorce,” the Russian leader proposed.

Putin indicated that he will bring up the matter at the next EEU summit which is scheduled to take place in Kazakhstan on May 28, less than two weeks before Armenia’s parliamentary elections.

Pashinyan objected to the term “divorce” used by Putin when speaking to reporters during a campaign event for his Civil Contract Party.

“Until the moment when there is a need to make a choice, we will not put such an issue on the agenda,” Pashinyan said. “I also disagree with the term divorce. I had the opportunity to say in the National Assembly that we sometimes confuse interstate relations with marriage.”

Announcing that he would not attend the upcoming EEU summit in Astana, Kazakhstan, Pashinyan said he had spoken to Putin about Armenia’s role in the Russia-led economic alliance.

“We are a full member of the EEU, we fully participate in all decision-making. We have no intention of harming Russia’s interests,” Pashinyan added.

Putin again emphasized on Saturday Armenia’s “heavy dependence on Russia” for trade and energy, which he said has deepened during Pashinyan’s eight-year rule.

“Our trade with Armenia decreased last year, and the year before it was much higher, but it was still $7 billion in 2025,” Putin said. “Considering that the country’s GDP is $29 billion, this is a significant figure. Armenia gains significant advantages within the Eurasian Economic Union framework.”

Putin also pointed out that Russia’s conflict with Ukraine broke out after Kyiv’s decision to seek EU membership.

The Kremlin on Monday said that it is extremely important for Moscow that Armenia does act against Russia.

Spealing to Russian journalist Pavel Zarubin, the Kremlin’s press secretary Dmitry Peskov said it is a priority for Moscow to ensure that Yerevan does not hinder ties, when commenting about the EU summit held in Yerevan.

Peskov also added that Moscow does not understand why Armenian Prime Minister Nikol Pashinyan did not “balance” Zelenskyy’s “anti-Russian” statements in Yerevan.

“We do not understand why anti-Russian statements are being made from the territory of Armenia. We do not understand this. And why the head of the Armenian government did not try to balance this in any way through his statements. So far, we cannot explain this,” Peskov said.

“Judging by the fact that a platform was provided for anti-Russian statements [in Yerevan], and judging by the fact that there were no balancing statements from the Armenian leadership, this opens up an additional field for analysis,” Peskov added.

Armenia has the right to hold any event, including a summit with the EU, but Moscow considers it unacceptable that its ally Yerevan provides a platform for Vladimir Zelenskyy to make anti-Russian statements, the Kremlin press secretary stressed.

Pashinyan told reporters on Monday that it was not his place to counter Zelenskyy’s statements in Yerevan.

Pashinyan added that the summit of the European Political Community is a multilateral platform, and the venue of the meeting should not play a role in statements emanating from those attending the gathering.

“This event is as much my event as it is the event of our other partners. I do not think that as the head of the host country, I should censor or necessarily respond to everything. It is a multilateral platform, and people should express themselves within that platform,” Pashinyan noted.

He claimed that there have been instances when the Russian president had made statements about the leaders of various countries in his presence. “But I don’t recall that they expected me to respond to those statements,” Pashinyan added.

“We are a member country of the European Political Community, a member country of the EEU, but that doesn’t mean that we pretend to interfere in all world affairs,” Pashinyan said.