Indian Industry

Country Profile

Armenia
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Known as one of the world's oldest civilizations, armenia is the landlocked nation which is situated in the southwestern asia. From the west side, armeina borders turkey and georgia to the north direction. It is bounded by the azerbaijan from the eastern side and by iran from the south side. It is describe as the unitary, multiparity, democratic country, having the partnership in more than 40 international organizations. Etchmiadzin city of the armenia has been added to the UNESCO World Heritage list in the year 2000. The nation enjoys good reputation when it comes about the sports at the international level. It enjoys full membership in the Union of European Football Associations and the International Ice Hockey Federation.

Snapshot

Official Name - Republic of Armenia
Capital City - Yerevan
Type of Government - Unitary Republic
Currency - Dram
Fiscal Year - Calendar Year
Official Language(s) - Armenian
Local Time - UTC (UTC+4) & Summer DST (UTC+5)
International Dialling Code - +374
Internet Domain - .am
Major Cities - Yerevan, Echmiadzin, Zvartnots, Abovian
Major Industries - Diamond-Processing, Metal-Cutting Machine Tools, Forging-Pressing Machines, Electric Motors, Tyres, Knitted Wear, Hosiery, Shoes, Silk Fabric, Chemicals, Trucks, Instruments, Microelectronics, Jewelry Manufacturing, Software Development, Food Processing, Brandy
Major Trading Partners - Russia, Ukraine, Belgium, Turkmenistan, Italy, Germany, Iran, Israel, U.S.A, Georgia
Double Taxation Treaty with India - Yes






Economic Overview
  • It has been recognized as the leading cognac exporter.
  • The nation is blessed with natural resources like copper, molybdenum, zinc, gold, silver, lead, marble, granite.
  • Both construction and service sectors have emerged out as the booming industrial place.
  • Service sector has been recognized as the major GDP contributor.
  • Armenia enjoys good exporting relations with the germnay, russia, netherlands, belgium, iran.
International Trade

Major Export Items
Pig Iron, Unwrought Copper, Nonferrous Metals, Diamonds, Mineral Products, Foodstuffs

Main Destinations of Exports
Germany, Russia, Netherlands, Belgium, Georgia, Iran, Iran

Major Import Items
Natural Gas, Petroleum, Tobacco Products, Foodstuffs, Diamonds

Main Origins of Imports
Russia, Ukraine, Turkmenistan, Germany, Belgium, Italy, Austria, Iran, USA, Georgia

Contacts of Trade Ministries/ Associations

Chamber of Commerce and Industry of the Republic of Armenia Ministry of Economy of the Republic of Armenia Union of Information Technology Enterprises
0010, Yerevan
Khanjyan St., House 11
Armenia
Tel.: +(374)-(10)-560184/ 560196
Fax: +(374)-(10)-587871

5 M. Mkrtchian, c.
Yerevan 375010
Armenia
Tel.: +(374)-(10)-566185
Fax: +(374)-(10)-526577

1/3 Buzand St., 4th Floor
Yerevan 0010
Armenia
Tel.: +(374)-(10)-548881
Fax: +(374)-(10)-548882


Business Visa Rules
  • If the applicant is wishes to stay for up to 90 days he/she is required to verify the same. Invitation letter received from the business associate or company situated in armenia is required to verify the same at the Consular Department of the armenian foreign ministry.
  • Passport with minimum six months of validity.
  • Duly completed and signed visa application form along with the passport size photographs.
  • A letter of invitation from the business associate or company situated in armenia. It is necessary to clarify the fact that who will going to incur the financial expenses which will arise during the stay in armenia.
  • Copy of return or onward ticket.
Business Hours

Offices:   Monday to Friday from 09:00 - 18:00

Public Holidays

Festival Date
New Year's Day January 01
Armenian Orthodox Christmas January 06
Women's Day March 08
Good Friday Date Varies
Motherhood and Beauty Day April 07
Genocide Memorial Day April 24
Victory and Peace Day May 09
First Republic Day May 28
Constitution Day July 05
Independence Day September 21
Earthquake Memorial Day December 07
New Year's Eve December 31
armenia


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