EnergyIn Armenia

Armenia's green energy transition: Solar power capacity set to reach 11.9% in 2024

If in 2021 the share of solar energy in the total volume of electricity production in Armenia was 1.2%, then in 2024 it will be ten times more – 11.9%. This remarkable growth highlights the country’s commitment to transitioning toward renewable energy sources and reducing dependence on fossil fuels. The shift is driven by several key factors, including government incentives, international…
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Startups

EBRD Launches Star Venture Program for Tech Startups Seeking Growth

This is an exciting opportunity for tech startups ready to scale and grow! The EBRD has opened applications for its Star Venture program, an 18-month tailored initiative offering personalized support and resources to help startups thrive. What’s in it for you? Expert consulting from top industry professionals Access to investor networks Opportunities for international exhibitions Free…
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In ArmeniaBusiness

Fastex supports WCIT 2024

A memorandum was signed between Fastex and the NGO “Union of Leading Technologies Enterprises” during the WCIT World Congress of Innovation and Technologies, scheduled to take place in Armenia from October 4-7. As part of this collaboration, the Union will organize the WCIT 2024/DigiTec event at the Karen Demirchyan Sports and Concert Complex in Yerevan. This event will also include…
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In ArmeniaBusiness

Over the year, Armenia saw an increase of 19 large IT companies.

Over the past year, the number of large IT companies in Armenia has increased by 19. According to Modex, the list of the 1000 largest taxpayers in Armenia for the first quarter of 2024 included 84 IT companies, compared to 65 IT companies in the same period the previous year. Collectively, these companies contributed 20.8 billion Armenian drams in taxes to the state budget, marking a 4% increase…
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