Economy

The American-Armenian businessman Levon Der-Bedrossian had been dreaming about establishing himself in Armenia for many years. In 2014 he made his dream come true and founded the Silk Road hotel in the Aygedzor district of Yerevan. Simultaneously he established the The Folk Arts Foundation. Its main goal is to revive the art of Armenian national crafts, especially carpet weaving.

The time for easy growth in the country is long foregone. The new reality of the economy is here, and it requires the business and economic elite to move to its next level of thinking, to make some hard choices and adapt. In this article we point to the main investment themes that have the potential of high returns for possible investors, and can eventually help turnaround the economy today.

Summarizing results of the first quarter century of Armenia's independence in various spheres