SCHNEIDER GROUP is planning to open an office in Yerevan in Q4 2018
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 being Yerevan. The official language is Armenia 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.