List of companies of Armenia

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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, the de facto independent Nagorno-Karabakh Republic and Azerbaijan to the east, and Iran and Azerbaijan's exclave of Nakhchivan to the south.

The economy relies heavily on investment and support from 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]

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.

     Active firms
     State-owned firms
     Defunct firms

Name Industry Sector Headquarters Founded Notes
Air Armenia Consumer services Travel & leisure Yerevan 2003 Airline
Ameriabank Financials Banks Yerevan 1910 Universal bank
Ararat Cement Industrials Construction & materials Armenia 1927
Ararat International Airlines Consumer services Travel & leisure Yerevan 2010 Airline, defunct 2013
Ardshinbank Financials Banks Yerevan 1924
Armenia 2 Consumer services Media Yerevan UNKNOWN
Armenia Aircompany Consumer services Travel & leisure Yerevan 2015 Airline
Armenia Telephone Company Telecommunications Mobile telecommunications Yerevan 1955 Armentel-Beeline cellular network, land-lines, Internet
Armenia TV Consumer services Media Yerevan 1997
Armenian Railways Consumer services Travel & leisure Yerevan 1992 Defunct 2008
ArmSwissBank Financials Banks Yerevan 2005 Private investment bank
Artsakhbank Financials Banks Yerevan 1996
Atlantis European Airways Consumer services Travel & leisure Yerevan 2004 Airline
Avshar Wine Factory Consumer goods Food & beverage Avshar 1968 Winery
Bars Media Consumer services Media Yerevan 1993 Film studio
Central Bank of Armenia Financials Banks Yerevan 1993 Central bank
ErAZ Consumer goods Automobiles & parts Yerevan 1964 Defunct 2002
Gazprom Armenia Oil & gas Oil & gas producers Yerevan 1997 Part of Gazprom (Russia)
HayPost Industrials Industrial transportation Yerevan 1994 Postal services
Hetq Online Consumer services Media Yerevan 2001 Online newspaper
Hrazdan TV Consumer services Media Hrazdan 1991 Television
HSBC Bank Armenia Financials Banks Yerevan 1996 Part of HSBC (UK)
Ingo Armenia Financials Insurance Yerevan 1997
Jermuk Mineral Water Factory Consumer goods Food & beverage Jermuk 1951 Mineral water
Kotayk Brewery Consumer goods Food & beverage Abovyan 1974
MIKA Cement Industrials Construction & materials Hrazdan 1979
Multi Group Stone Basic materials Basic resources Abovyan 2002 Stone works
PanARMENIAN.Net Consumer services Media Yerevan 2000 Online news
Prometey Bank Financials Insurance Yerevan 1990
Public Television company of Armenia Consumer services Media Yerevan[5] 1956
Rusal Armenal Basic materials Basic resources Yerevan 2000[6] Aluminum, part of Rusal (Russia)
Sanitek Armenia Industrials Support services Yerevan 2010 Waste management
Shant TV Consumer services Media Yerevan 1994 Television
Shoghakat TV Consumer services Media Yerevan 1998 Television
TotoGaming Consumer services Travel & leisure Yerevan 2004 Sports and casino gaming
Ucom Telecommunications Mobile telecommunications Yerevan 2009
Vertir Airlines Industrials Industrial transportation Yerevan 2009 Cargo airline
Veteran Avia Consumer services Travel & leisure Yerevan 2009 Charter airline
Yerevan Ararat Wine Factory Consumer goods Food & beverage Yerevan 1877
Yerevan Brandy Company Consumer goods Food & beverage Yerevan 1887
Yerevan Computer Research and Development Institute Technology Technology Yerevan 1956
Yerevan Confectionery and Macaroni Factory Consumer goods Food & beverage Yerevan 1933
Zangezur Copper and Molybdenum Combine CJSC Basic materials Basic resources Kajaran 1951


  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. Archived from the original on 10 October 2010. Retrieved 2 September 2010.  "Armenia". National Geographic.  , "Armenia". Encyclopædia Britannica. , Calendario Atlante De Agostini (in Italian) (111 ed.). Novara: Istituto Geografico De Agostini. 2015. p. sub voce. ISBN 9788851124908.  and Oxford Reference Online "Oxford Reference". Oxford Reference Online. 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. Archived from the original on 14 November 2007. Retrieved 15 November 2007. 
  5. ^ Public Television Company Of Armenia CJSC: Private Company Information - Bloomberg
  6. ^ Facts and Figures