Armenia is a state in the North-Eastern part of the Armenian highlands, bordering Azerbaijan in the East, Turkey in the West, Iran in the South and Georgia in the North.

The population is about 3 million people with the capital is Yerevan. The official language is Armenian and the currency is the Armenian dram.

Armenia is an industrial and agricultural country. The Armenian economy gives priority to small-scale agricultural production. The leading industries are engineering and metalworking, chemical and petrochemical, non-ferrous metallurgy, production of building materials food and light industry.

The economy is divided into five economic regions, which differ in natural and economic-geographical conditions and production specialization.

In foreign trade, exports are inferior to imports. The main export items are processed diamonds, machinery, and equipment, copper ore. The country imports the bulk of gas, oil, food, etc. Main export partners are Belgium, Russia, Iran, Turkmenistan, the USA, Georgia, while the main import partners are Russia, the USA, the UK, Iran, Turkey and Belgium.

Armenia is a country steeped in mystery and tradition. Boasting a rich and colorful history, the southern Caucasus country is undergoing rapid development. In 2017, GDP growth way outperformed expectations, up 7.5% versus a relatively fl at 2016.

Armenia is the most economically liberal member of the Eurasian Economic Union. With the country coming 44th (from 180 countries) in the ‘economic freedom’ ranking conducted by The Heritage Foundation, Armenia is the perfect gateway country to the EAEU.

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