south caucasus
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Macro
Armenia’s external debt reached 66% of gross national income in 2025
Armenia’s external debt reached $18.7 billion at the end of 2025, up 14.1% from a year earlier. According to the…
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Regulation
Armenia retains 21st place in OECD ranking of openness to foreign direct investment
Armenia has retained 21st place among 106 economies for the lowest level of statutory restrictions on foreign direct investment (FDI),…
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Tech & IT
World Bank: Armenian ICT firms export AI solutions but rarely sell them to local clients
Firebird AI’s $4 billion AI data center is the largest AI facility in the region, but Armenian firms are still…
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Regulation
The Price of a Hub: Armenia Between TRIPP, EU Trade Preferences and Russian Pressure
In this publication, we have attempted to compile a checklist of challenges Armenia may face and questions that, in our…
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