Business For Sale Armenia | Business For Sale Listings
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Get to Know About Armenia
Armenia is situated in the midst of Asia and Europe, in the Caucasus region. Even though prior to independence, Armenia’s economy relied mostly on industries like processed food, machinery, chemicals, etc., recently there have been major developments in agriculture also.
Armenia receives the support of international institutions like the World Bank in the form of grants and loans. It ranks high in literacy rates among other nations in the world with a hundred percent, and there is also a high percentage of secondary education here.
One major plus point for those interested in doing business in Armenia is the availability of skilled and educated labor. The financial and banking system is also very well developed here. Doing business in Armenia provides access to the millions of consumers in the countries of Asia, Europe, and even in the Middle East. There is a huge potential for growth in sectors like jewelry making, tourism, renewable energy, food processing.
Challenges faced by investors include high corruption levels in the public sector and unsatisfactory systems of laws and regulations. The infrastructure also is not yet adequately developed. There is also the problem of communication faced by investors, as most people are still not familiar with English.