Armenia

Armenia Market Reports
 
Armenia, officially the Republic of Armenia, is a country in the South Caucasus region of Eurasia. The overall region is majorly consisting of mountains. It is located at the crossroads of Western Asia and Eastern Europe, and it shares its borders with Turkey to the west, Georgia to the north, Nagorno-Karabakh Republic and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan to the south. The capital and largest city is Yerevan. Armenia is a member of the Council of Europe and the Collective Security Treaty Organization.
 
Armenia Country Information (Source: OECD)
Population
11.46 million (2012)
GDP
$7.103 billion (2012)
Income Level
Low
Life Expectancy
63
 

PEST Analysis of Armenia

 

Political environment

Politics of Armenia takes place in a framework of a presidential representative democratic republic. According to the Constitution of Armenia, the President is the head of government and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and parliament. The unicameral parliament is controlled by a coalition of four political parties, that is the conservative Republican party, the Prosperous Armenia party, the rule of law party and the Armenian Revolutionary Federation. The main opposition party is Raffi Hovannisian's Heritage party, which favors eventual Armenian membership in the European Union and NATO. Since 1999, Freedom House's Democracy Score for Armenia has been steadily on the decline. Furthermore, Freedom House ranked Armenia as partly free in its 2007 report, though it did not categorise Armenia as an electoral democracy, indicating an absence of relatively free and competitive elections. However, significant progress seems to have been made and the 2008 Armenian presidential election was hailed as largely democratic by OSCE and Western monitors.
 

Economical Environment

The Armenian economy relies heavily on investment and support from Armenians abroad. Before independence, Armenia's economy was largely industry-based, chemicals, electronics, machinery, processed food, synthetic rubber, and textile, and highly dependent on outside resources. The republic had developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Recently, the Intel Corporation agreed to open a research center in Armenia, in addition to other technology companies, signalling the growth of the technology industry in Armenia. Armenian mines produce copper, zinc, gold, and lead. The vast majority of energy is produced with fuel imported from Russia, including gas and nuclear fuel (for its one nuclear power plant); the main domestic energy source is hydroelectric. Small deposits of coal, gas, and petroleum exist but have not yet been developed. Like other newly independent states of the former Soviet Union, Armenia's economy suffers from the legacy of a centrally planned economy and the breakdown of former Soviet trading patterns. Armenia ranked 78th on the 2010 UNDP Human Development Index, the lowest among the Transcaucasian republics. In the 2007 Transparency International Corruption Perceptions Index (CPI), Armenia ranked 99 of 179 countries. In the 2008 Index of Economic Freedom, Armenia ranked 28th, ahead of countries like Austria, France, Portugal and Italy.
 

Social Environment

Armenia is a unitary, multi-party, democratic nation-state with an ancient cultural heritage. Armenia presently maintains good relations with almost every country in the world, with two major exceptions being its immediate neighbours, Turkey and Azerbaijan. Tensions were running high between Armenians and Azerbaijanis during the final years of the Soviet Union. Human rights in Armenia are better than those in most former Soviet republics and have drawn closer to acceptable standards economically, socially and cultirally. 
 

Technological Environment

In its first years of independence, Armenia made uneven progress in establishing systems to meet its national requirements in social services. Education, held in particular esteem in Armenian culture, changed fastest of the social services, while health and welfare services attempted to maintain the basic state-planned structure of the Soviet era. A literacy rate of 100% was reported as early as 1960, and on the basis of the expansion and development of Yerevan State University a number of higher educational independent Institutions were formed including Medical Institute separated in 1930 which was set up on the basis of medical faculty. Other educational institutions in Armenia include the American University of Armenia and the QSI International School of Yerevan, and also the American University of Armenia has graduate programs in Business and Law, among others.
 

Future Trends

The Armenian government's stated aim is to build a Western-style parliamentary democracy as the basis of its form of government. It has universal suffrage above the age of eighteen. A liberal foreign investment law was approved in June 1994, and a law on privatisation was adopted in 1997, as well as a program of state property privatisation. Continued progress will depend on the ability of the government to strengthen its macroeconomic management, including increasing revenue collection, improving the investment climate, and making strides against corruption.
 
Title Published Pages Price
Armenia - Telecoms, Mobile and Broadband - Statistics and Analyses May 12 2017 36 $655.00
Cigarettes in Armenia, 2017 Apr 12 2017 51 $975.00
Agricultural and Forestry Tractor Market in Armenia to 2021 - Market Size, Development, and Forecasts Apr 10 2017 17 $523.00
Poultry-Keeping Machinery Market in Armenia to 2021 - Market Size, Development, and Forecasts Apr 10 2017 19 $523.00
Soil Preparation and Cultivation Machinery Market in Armenia to 2021 - Market Size, Development, and Forecasts Apr 10 2017 27 $523.00
Powered Lawn Mower Market in Armenia to 2021 - Market Size, Development, and Forecasts Apr 10 2017 17 $523.00
Harvesting and Threshing Machinery Market in Armenia to 2021 - Market Size, Development, and Forecasts Apr 10 2017 29 $523.00
Agricultural and Forestry Machinery Market in Armenia to 2021 - Market Size, Development, and Forecasts Apr 10 2017 71 $523.00
ArmOil – Yeghvard oil refinery – Armenia Project Profile Mar 22 2017 6 $75.00
MoTC – Southern Armenian Railway Line – Armenia Project Profile Mar 20 2017 7 $75.00
MoENR – Solar photovoltaic Power Plant 30 MW – Armenia Project Profile Mar 20 2017 6 $75.00
Paper Label Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 19 $513.00
Electric Generating Set Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 27 $513.00
DC Generator and Motor Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 23 $513.00
Electric Generator and Motor Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 25 $513.00
Wallpaper Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 19 $513.00
Household and Sanitary Paper Product Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 25 $513.00
Diesel Generating Set Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 21 $513.00
AC Motor Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 23 $513.00
AC Generator Market in Armenia to 2021 - Market Size, Development, and Forecasts Jan 4 2017 23 $513.00
Electricity, Gas and Liquid Meter Market in Armenia to 2020 - Market Size, Development, and Forecasts Nov 17 2016 23 $535.00
Chemical and Physical Analysis Equipment Market in Armenia to 2020 - Market Size, Development, and Forecasts Nov 17 2016 27 $535.00
Navigational Equipment Market in Armenia to 2020 - Market Size, Development, and Forecasts Nov 17 2016 23 $535.00
Thermometer Market in Armenia to 2020 - Market Size, Development, and Forecasts Nov 17 2016 19 $535.00
Work Truck Market in Armenia to 2020 - Market Size, Development, and Forecasts Oct 24 2016 25 $538.00
Handling and Lifting Equipment Market in Armenia to 2020 - Market Size, Development, and Forecasts Oct 24 2016 40 $538.00
Hoist and Jack Market in Armenia to 2020 - Market Size, Development, and Forecasts Oct 24 2016 21 $538.00
Continuous-Action Goods Conveyor and Elevator Market in Armenia to 2020 - Market Size, Development, and Forecasts Oct 24 2016 21 $538.00
Crane and Lifting Frame Market in Armenia to 2020 - Market Size, Development, and Forecasts Oct 24 2016 33 $538.00
Capstan and Winch Market in Armenia to 2020 - Market Size, Development, and Forecasts Oct 24 2016 19 $538.00

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