Products, Companies & Markets


Belarus suggests setting up assembly plants of elevators, tractors to Armenia
/Sept 24/ Public Radio of Armenia/

Belarus suggests setting up assembly plants of elevators and tractors in Armenia, Chairman of the House of Representatives of Belarus’ National Assembly Vladimir Andreichenko said as he met with the Armenian delegation headed by Vice President of the Armenian National Assembly Eduard Sharmazanov in Minsk on 24 September, BelTA reports.

The Belarusian speaker made several proposals that might be of interest to Armenia. “We suggest setting up plants to assemble, for example, elevators,” Vladimir Andreichenko said. According to him, Yerevan plans to run a serious program for their replacement. He also suggested that Belarusian specialists join this program.

Setting up plants to assemble farm equipment, for example, tractors, is another promising area. Cooperation in this avenue is important as Armenia is upgrading its agricultural industry and regularly buys modern Belarusian tractors. Vladimir Andreichenko said that Belarus and Armenia celebrated the 25th anniversary of the diplomatic relations this year.

The countries have achieved considerable success. The relations between the two states are based on friendship, mutual understanding and respect. “We appreciate that we have always had such an open dialogue which has always been aimed at promoting productive cooperation,” the speaker said.

“We are determined to further develop our cooperation in all areas,” Vladimir Andreichenko emphasized.

The Belarusian-Armenian inter-parliamentary cooperation commission contributes a lot to the development of the relations. The meetings are held regularly. Parliamentarians help to establish contacts between ministries and business. “All this contributes to mutual trade. In 2017 it amounted to about $43 million, up by over 35% as against 2016. The positive dynamics remains in place this year as well,” Vladimir Andreichenko noted.

Armenia’s jewellery potential presented at Moscow international fair
/Sept 27/Panorama/

With the support of Business Armenia, six Armenian companies participate in JUNWEX Moscow international jewelry fair taking place in Russia from 26 to 30 September.

Rafol, Yerevan Jewelry Factory – 1 Gnomon, Shaber companies, and Arshavir Davtyan, Martin Misakyan, Artak Bojikyan private entrepreneurs presented their production in separate pavilions, Business Armenia said in a press release.   

Armenian producers offer golden and silver jewels with precious, semi-precious and natural stones to the international buyers and distributors.

After the previous JUNWEX Moscow international fair, the Armenian companies have returned home with more than AMD 1 billion export deals.

Second Carrefour supermarket to open in Armenia in October
/Sept 28/ARKA/

YEREVAN – The French retailer Carrefour is expected to open its second supermarket in Yerevan in early October when the Armenian capital will be hosting a Francophonie summit, French Ambassador to Armenia Jonathan Lacote told journalists on Friday.
The International Francophonie Summit will be held in Yerevan on October 11-12 under the slogan "Living together in solidarity, sharing humanistic values and respecting diversity as a source of peace and prosperity in the region of Francophonia." An economic forum will also be held as part of the event.
The ambassador said a lot of business people will arrive in Armenia not only from France, but also from other Francophone countries, and there is hope that the business forum will contribute to bringing new French investments to Armenia. The ambassador said also that French investors bring with them not only investment, but also education, ethics and principles of social responsibility.
The diplomat noted that French entrepreneurs are interested in the tourism and information technology sectors of Armenia. He said also that the new supermarket Carrefour will open ion Tigran Metz Street.
French retailer Carrefour SA opened its first supermarket in Yerevan in 2015 inside Yerevan Mall shopping center, occupying an area of 66 thousand square meters, of which about 10 thousand sq. m. meet Carrefour standards.

Construction materials production grows in Armenia
/Sept 29/Panorama/

According to the data released by the National Statistical Service (NSS) of Armenia, the production volumes of certain types of building materials have grown in Armenia. Namely, in January-August 2018 the cement production rose by 77% in Armenia to compare with the same period of 2017.
To note, 357 tons of cement were produced in Armenia within the first nine months in this year, comparing to the 201.7 tons of cement produced in the same period of 2017.

According to the NSS, within the first nine months of 2018, the production of tuff, prefabricated reinforced concrete structures and gypsum mortar rose by 82.5% and 60.6% respectively.

In parallel to this, in January-August 2018, the production volumes of glass containers rose by 20%, while the production volumes of natural stone paving slabs increased by 60.5%. 

Tobacco production on the rise in Armenia
/Sept 29/Panorama/

In January-August 2018, the tobacco production volumes increased by 7.5% in Armenia compared to the same period of 2017, according to the data released by the National Statistical Service (NSS) of Armenia.

As was informed from the NSS, 17 million 818 thousand units of cigarettes were produced in Armenia in the first eight months of the ongoing year, whereas 16 million 567.6 thousand units of cigarettes were produced in the country in January-August of the previous year.

The tobacco production share in the general production sphere in Armenia has made up 14.2% due to the registered increase.

To note, surveys indicate that more than 50 percent of Armenia men above 16 and almost 4 percent of women smoke.