Armenia

The Armenian economy is based mainly on the extraction of raw materials and the production of agricultural goods, especially fruit, vegetables and tobacco. Moreover, the country has a relatively innovative IT sector, an area, in which Armenia has already played a leading role within the Soviet Union.

The developement of a competitive industrial sector is one of the most important taks for Armenia’s economic policy. Furthermore, the German Economic Team advises the Armenian government mainly in the areas of investment promotion, private sector development, foreign trade and governance.