List of companies of Armenia

Location of Armenia

Armenia is a sovereign state in the South Caucasus region of Eurasia. Located in Western Asia,[1][2] on the Armenian Highland, it is bordered by Turkey to the west, Georgia to the north, Azerbaijan to the east, and Iran and Azerbaijan's exclave of Nakhchivan to the south.

The economy of Armenia benefits strongly from investment and support of Armenians abroad.[3]

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.[4]

As of January 2019, there are about 40 thousand registered companies with payroll positions. There are 247 companies with over 250 registered employees. The average wage in these companies amounts to 240 thousand AMD.[5]

## Notable firms

[edit]

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
Status: P=Private, S=State; A=Active, D=Defunct Name  | Industry  | Sector  | Headquarters  | Founded  | Notes  | Status

|
|
|
|
|
|

Air Armenia | Consumer services  | Airlines  | Yerevan | 2003  | Airline, defunct 2014  | P  | D
Air Dilijans | Consumer services  | Airlines  | Yerevan | 2015  | Airline  | P  | A
Ameriabank | Financials  | Banks  | Yerevan | 1910  | Universal bank  | P  | A
Ararat Cement | Industrials  | Building materials & fixtures  | Armenia | 1927  | Cement  | P  | A
Ararat International Airlines | Consumer services  | Airlines  | Yerevan | 2010  | Airline, defunct 2013  | P  | D
Ardshinbank | Financials  | Banks  | Yerevan | 2003  | Bank  | P  | A
Armenia 2 | Consumer services  | Broadcasting & entertainment  | Yerevan | 1999  | Television  | P  | A
Armenia TV | Consumer services  | Broadcasting & entertainment  | Yerevan | 1997  | Television  | P  | A
Armenian Railways | Consumer services  | Travel & tourism  | Yerevan | 1992  | Defunct 2008  | P  | D
ArmSwissBank | Financials  | Banks  | Yerevan | 2005  | Private investment bank  | P  | A
Artsakhbank | Financials  | Banks  | Yerevan | 1996  | Bank  | P  | A
Atlantis European Airways | Consumer services  | Airlines  | Yerevan | 2004  | Defunct 2021  | P  | D
Avshar Wine Factory | Consumer goods  | Distillers & vintners  | Avshar | 1968  | Winery  | P  | A
Bars Media  | Consumer services  | Broadcasting & entertainment  | Yerevan | 1993  | Film studio  | P  | A
Central Bank of Armenia | Financials  | Banks  | Yerevan | 1993  | Central bank  | S  | A
ErAZ | Consumer goods  | Auto parts  | Yerevan | 1964  | Defunct 2002  | P  | D
Evocabank | Financials  | Banks  | Yerevan | 1990  | Bank  | P  | A
Gazprom Armenia | Oil & gas  | Exploration & production  | Yerevan | 1997  | Part of Gazprom (Russia)  | P  | A
HayPost | Industrials  | Delivery services  | Yerevan | 1991  | Postal services  | P  | A
Hetq Online | Consumer services  | Publishing  | Yerevan | 2001  | Online newspaper  | P  | A
Hrazdan Cement | Industrials  | Building materials & fixtures  | Hrazdan | 1979  | Cement  | P  | A
Hrazdan TV | Consumer services  | Broadcasting & entertainment  | Hrazdan | 1991  | Television  | P  | A
HSBC Bank Armenia | Financials  | Banks  | Yerevan | 1996  | Part of HSBC (UK)  | P  | A
Ingo Armenia | Financials  | Full line insurance  | Yerevan | 1997  | Insurance  | P  | A
Jermuk Mineral Water Factory | Consumer goods  | Beverages  | Jermuk | 1951  | Mineral water  | P  | A
Kotayk Brewery | Consumer goods  | Brewers  | Abovyan | 1974  | Brewery  | P  | A
Multi Group Stone | Basic materials  | General mining  | Abovyan | 2002  | Stone works  | P  | A
PanARMENIAN.Net | Consumer services  | Publishing  | Yerevan | 2000  | Online news  | P  | A
Public Television Company of Armenia | Consumer services  | Broadcasting & entertainment  | Yerevan[6] | 1956  | Television  | P  | A
Rusal Armenal | Basic materials  | Aluminum  | Yerevan | 2000[7] | Aluminum, part of Rusal (Russia)  | P  | A
Sanitek Armenia | Industrials  | Waste & disposal services  | Yerevan | 2010  | Waste management  | P  | A
Shant TV | Consumer services  | Broadcasting & entertainment  | Yerevan | 1994  | Television  | P  | A
Shoghakat TV | Consumer services  | Broadcasting & entertainment  | Yerevan | 1998  | Television  | P  | A
Telecom Armenia | Telecommunications  | Mobile telecommunications  | Yerevan | 1995  | Mobile network, land-lines, Internet  | P  | A
TotoGaming | Consumer services  | Gambling  | Yerevan | 2004  | Sports and casino gaming  | P  | A
Ucom | Telecommunications  | Mobile telecommunications  | Yerevan | 2009  | Mobile network  | P  | A
Vertir Airlines | Industrials  | Delivery services  | Yerevan | 2009  | Cargo airline  | P  | D
Veteran Avia | Consumer services  | Airlines  | Yerevan | 2009  | Charter airline  | P  | D
Yerevan Ararat Brandy Factory | Consumer goods  | Distillers & vintners  | Yerevan | 1877  | Wine  | P  | A
Yerevan Brandy Company | Consumer goods  | Distillers & vintners  | Yerevan | 1887  | Brandy  | P  | A
Yerevan Computer Research and Development Institute | Technology  | Computer hardware  | Yerevan | 1956  | Technology  | P  | A
Yerevan Confectionery and Macaroni Factory (Grand Candy)  | Consumer goods  | Food products  | Yerevan | 1933  | Confectionary  | P  | A
Zangezur Copper and Molybdenum Combine CJSC  | Basic materials  | Nonferrous metals  | Kajaran | 1951  | Mining  | P  | A

* The Central Bank of Armenia in Yerevan.

* The main entrance to the Zvartnots Airport.

* The Yerevan Brandy Company, producer of Ararat since 1877.

## Other lists of leading companies

[edit]

More banks are included in the list of banks in Armenia.

Each quarter, the largest taxpaying companies are disclosed and published online.[8] Data may be looked up per industry and company size. E.g. among software development companies, the largest taxpayer between 2014 and 2017 was Synopsis Armenia.[9]

A list of IT sector companies in Armenia can be found on the site of EIF Guide.[10] Meanwhile, the Chamber of Commerce and Industry features a list of leading international technology companies in Armenia.[11] Notable IT companies founded in Armenia include PicsArt, Krisp, and others.

## See also

[edit]

* Economy of Armenia

## References

[edit]

1. ^ Central Intelligence Agency."The CIA World Factbook 2015" Skyhorse Publishing Inc, 2014. ISBN 1-62914-903-9
2. ^ The UN classification of world regions places Armenia in Western Asia; the CIA World Factbook "Armenia". The World Factbook. CIA. Retrieved 2 September 2010. "Armenia". National Geographic., "Armenia". Encyclopædia Britannica. 11 May 2023., Calendario Atlante De Agostini (in Italian) (111 ed.). Novara: Istituto Geografico De Agostini. 2015. p. sub voce. ISBN 9788851124908. and Oxford Reference Online "Armenia". Oxford Reference. Oxford Reference Online. ISBN 978-0-19-954609-1. Retrieved 20 October 2012. also place Armenia in Asia.
3. ^ Demourian, Avet (19 October 2007). "Armenian Eyes, Ears on US Genocide Vote". The Washington Post. Retrieved 7 July 2009.
4. ^ "The World Factbook: Armenia". CIA. Retrieved 15 November 2007.
5. ^ "Оплата труда и количество работников" (PDF).
6. ^ "Public Television Company Of Armenia CJSC: Private Company Information". Bloomberg. Retrieved 2017-12-20.
7. ^ "Facts and Figures". Rusal.ru. Retrieved 2017-12-20.
8. ^ LLC, SFL. "Top taxpayers of Armenia". harkatu.am. Retrieved 2018-03-01.
9. ^ LLC, SFL. "Top taxpayers of Armenia". harkatu.am. Retrieved 2018-03-01.
10. ^ CJSC, developWay. "EIF Guide to Armenian IT Companies". itguide.eif.am. Retrieved 2018-03-01.
11. ^ "Chamber of Commerce and Industry of Republic of Armenia - International Tech companies in Armenia". www.armcci.am. Retrieved 2018-03-01.

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