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Successful Business Directory

Worldwide - Index of Countries

As part of Worldwide Business Resources Global Marketplace, our Successful Business Directory Worldwide (being developed as an International Business Directory, a Worldwide Business Directory, Global Business Directory or Universal Business Directory) aims to promote businesses from all over the world, especially developing countries that lag behind the developed economies in the area of access to business information on the Internet. The so-called “digital divide” is an unfortunate phenomenon, and every effort should be geared towards eradicating it. Welcome to the Successful Business Directory Worldwide where you will find diverse business opportunities. You will find useful about diverse products and services from all the countries:

 Afghanistan Business Directory

 Albania Business Directory

 Algeria Business Directory

 Andorra Business Directory

 Angola Business Directory

 Antigua and Barbuda Business Directory

 Argentina Business Directory

 Armenia Business Directory

 Australia Business Directory

 Austria Business Directory

 Azerbaijan Business Directory

 Bahamas Business Directory

 Bahrain Business Directory

 Bangladesh Business Directory

 Barbados Business Directory

 Belarus Business Directory

 Belgium Business Directory

 Belize Business Directory

 Benin Business Directory

 Bhutan Business Directory

 Bolivia Business Directory

 Bosnia And Herzegovina Business Directory

 Botswana Business Directory

 Brazil Business Directory

 Brunei Business Directory

 Bulgaria Business Directory

 Burkina Faso Business Directory

 Burma Business Directory

 Burundi Business Directory

 Cambodia Business Directory

 Cameroon Business Directory

 Canada Business Directory

 Cape Verde Business Directory

 Central African Republic Business Directory

 Chad Business Directory

 Chile Business Directory

 China Business Directory

 Colombia Business Directory

 Comoros Business Directory

 Congo (Brazzaville) Business Directory

 Congo (Kinshasa), Democratic Republic Business Directory

 Costa Rica Business Directory

 Côte D’ivoire Business Directory

 Croatia Business Directory

 Cuba Business Directory

 Cyprus Business Directory

 Czech Republic Business Directory

 Denmark Business Directory

 Djibouti Business Directory

 Dominica Business Directory

 Dominican Republic Business Directory

 Ecuador Business Directory

 Egypt Business Directory

 El Salvador Business Directory

 Equatorial Guinea Business Directory

 Eritrea Business Directory

 Estonia Business Directory

 Ethiopia Business Directory

 Fiji Business Directory

 Finland Business Directory

 France Business Directory

 Gabon Business Directory

 Gambia Business Directory

 Georgia Business Directory

 Germany Business Directory

 Ghana Business Directory

 Greece Business Directory

 Grenada Business Directory

 Guatemala Business Directory

 Guinea Business Directory

 Guinea-Bissau Business Directory

 Guyana Business Directory

 Haiti Business Directory

 Holy See (Vatican City) Business Directory

 Honduras Business Directory

 Hungary Business Directory

 Iceland Business Directory

 India Business Directory

 Indonesia Business Directory

 Iran Business Directory

 Iraq Business Directory

 Ireland Business Directory

 Israel Business Directory

 Italy Business Directory

 Jamaica Business Directory

 Japan Business Directory

 Jordan Business Directory

 Kazakhstan Business Directory

 Kenya Business Directory

 Kiribati Business Directory

 Korea, North Business Directory

 Korea, South Business Directory

 Kosovo Business Directory

 Kuwait Business Directory

 Kyrgyzstan Business Directory

 Laos Business Directory

 Latvia Business Directory

 Lebanon Business Directory

 Lesotho Business Directory

 Liberia Business Directory

 Libya Business Directory

 Liechtenstein Business Directory

 Lithuania Business Directory

 Luxembourg Business Directory

 Macedonia Business Directory

 Madagascar Business Directory

 Malawi Business Directory

 Malaysia Business Directory

 Maldives Business Directory

 Mali Business Directory

 Malta Business Directory

 Marshall Islands Business Directory

 Mauritania Business Directory

 Mauritius Business Directory

 Mexico Business Directory

 Micronesia Business Directory

 Moldova Business Directory

 Monaco Business Directory

 Mongolia Business Directory

 Montenegro Business Directory

 Morocco Business Directory

 Mozambique Business Directory

 Namibia Business Directory

 Nauru Business Directory

 Nepal Business Directory

 Netherlands Business Directory

 New Zealand Business Directory

 Nicaragua Business Directory

 Niger Business Directory

 Nigeria Business Directory

 Norway Business Directory

 Oman Business Directory

 Pakistan Business Directory

 Palau Business Directory

 Panama Business Directory

 Papua New Guinea Business Directory

 Paraguay Business Directory

 Peru Business Directory

 Philippines Business Directory

 Poland Business Directory

 Portugal Business Directory

 Qatar Business Directory

 Romania Business Directory

 Russia Business Directory

 Rwanda Business Directory

 Saint Kitts and Nevis Business Directory

 Saint Lucia Business Directory

 Saint Vincent And The Grenadines Business Directory

 Samoa Business Directory

 San Marino Business Directory

 Sao Tome and Principe Business Directory

 Saudi Arabia Business Directory

 Senegal Business Directory

 Serbia Business Directory

 Seychelles Business Directory

 Sierra Leone Business Directory

 Singapore Business Directory

 Slovakia Business Directory

 Slovenia Business Directory

 Solomon Islands Business Directory

 Somalia Business Directory

 South Africa Business Directory

 Spain Business Directory

 Sri Lanka Business Directory

 Sudan Business Directory

 Sudan, South Business Directory

 Suriname Business Directory

 Swaziland Business Directory

 Sweden Business Directory

 Switzerland Business Directory

 Syria Business Directory

 Tajikistan Business Directory

 Tanzania Business Directory

 Thailand Business Directory

 Timor-Leste Business Directory

 Togo Business Directory

 Tonga Business Directory

 Trinidad And Tobago Business Directory

 Tunisia Business Directory

 Turkey Business Directory

 Turkmenistan Business Directory

 Tuvalu Business Directory

 Uganda Business Directory

 Ukraine Business Directory

 United Arab Emirates Business Directory

 United Kingdom Business Directory

 United States Business Directory

 Uruguay Business Directory

 Uzbekistan Business Directory

 Vanuatu Business Directory

 Venezuela Business Directory

 Vietnam Business Directory

 Yemen Business Directory

 Zambia Business Directory

 Zimbabwe Business Directory

Click on any country link highlighted in blue to access its webpage in this Directory.

Bosnia and Herzegovina

Botswana

Brazil

Brunei

Bulgaria

Burkina Faso

Burma

Burundi

Cambodia

Cameroon

Canada

Cape Verde

Central African Republic

Chad

Chile

China

Colombia

Comoros

Congo (Brazzaville)

Congo (Kinshasa), Democratic Republic

Costa Rica

Côte d’Ivoire

Croatia

Cuba

Cyprus

Czech Republic

Denmark

Djibouti

Dominica

Dominican Republic

Ecuador

Egypt

El Salvador

Equatorial Guinea

Eritrea

Estonia

Ethiopia

Fiji

Finland

France

Gabon

Gambia, The

Georgia

Germany

Ghana

Greece

Grenada

Guatemala

Guinea

Guinea-Bissau

Guyana

Haiti

Holy See (Vatican City)

Honduras

Hungary

Iceland

India

Indonesia

Iran

Iraq

Ireland

Israel

Italy

Jamaica

Japan

Jordan

Kazakhstan

Kenya

Kiribati

Korea, North

Korea, South

Kosovo

Kuwait

Kyrgyzstan

Laos

Latvia

Lebanon

Lesotho

Liberia

Libya

Liechtenstein

Lithuania

Luxembourg

Macedonia

Madagascar

Malawi

Malaysia

Maldives

Mali

Malta

Marshall Islands

Mauritania

Mauritius

Mexico

Micronesia, Federated States of

Moldova

Monaco

Mongolia

Montenegro

Morocco

Mozambique

Namibia

Nauru

Nepal

Netherlands

New Zealand

Nicaragua

Niger

Nigeria

Norway

Oman

Pakistan

Palau

Panama

Papua New Guinea

Paraguay

Peru

Philippines

Poland

Portugal

Qatar

Romania

Russia

Rwanda

Saint Kitts and Nevis

Saint Lucia

Saint Vincent and the Grenadines

Samoa

San Marino

Sao Tome and Principe

Saudi Arabia

Senegal

Serbia

Seychelles

Sierra Leone

Singapore

Slovakia

Slovenia

Solomon Islands

Somalia

South Africa

Spain

Sri Lanka

Sudan

Suriname

Swaziland

Sweden

Switzerland

Syria

Tajikistan

Tanzania

Thailand

Timor-Leste

Togo

Tonga

Trinidad and Tobago

Tunisia

Turkey

Turkmenistan

Tuvalu

Uganda

Ukraine

United Arab Emirates

United Kingdom

United States

Uruguay

Uzbekistan

Vanuatu

Venezuela

Vietnam

Yemen

Zambia

Zimbabwe

The global marketplace for unique business products and success-driven ideas

10 March 2012

Last Updated

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Armenia Business Directory

Country name:

conventional long form: Republic of Armenia

conventional short form: Armenia

local long form: Hayastani Hanrapetut'yun

local short form: Hayastan

former: Armenian Soviet Socialist Republic, Armenian Republic

Government type:

republic

Capital:

name: Yerevan

geographic coordinates: 40 10 N, 44 30 E

time difference: UTC+4 (9 hours ahead of Washington, DC during Standard Time)

daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Administrative divisions:

11 provinces (marzer, singular - marz); Aragatsotn, Ararat, Armavir, Geghark'unik', Kotayk', Lorri, Shirak, Syunik', Tavush, Vayots' Dzor, Yerevan

Economy - overview:

After several years of double-digit economic growth, Armenia faced a severe economic recession with GDP declining more than 14% in 2009, despite large loans from multilateral institutions. Sharp declines in the construction sector and workers' remittances, particularly from Russia, were the main reasons for the downturn. The economy began to recover in 2010 with nearly 5% growth. Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics, in exchange for raw materials and energy. Armenia has since switched to small-scale agriculture and away from the large agroindustrial complexes of the Soviet era. Armenia has managed to reduce poverty, slash inflation, stabilize its currency, and privatize most small- and medium-sized enterprises. Since the breakup of the Soviet Union in 1991, Armenia had made progress in implementing some economic reforms, including privatization, price reforms, and prudent fiscal policies, but geographic isolation, a narrow export base, and pervasive monopolies in important business sectors have made Armenia particularly vulnerable to the sharp deterioration in the global economy and the economic downturn in Russia. The conflict with Azerbaijan over the ethnic Armenian-dominated region of Nagorno-Karabakh contributed to a severe economic decline in the early 1990s and Armenia's borders with Turkey remain closed. Armenia is particularly dependent on Russian commercial and governmental support and most key Armenian infrastructure is Russian-owned and/or managed, especially in the energy sector. The electricity distribution system was privatized in 2002 and bought by Russia's RAO-UES in 2005. Construction of a pipeline to deliver natural gas from Iran to Armenia was completed in December 2008, and gas deliveries are slated to expand due to the April 2010 completion of the Yerevan Thermal Power Plant. Armenia has some mineral deposits (copper, gold, bauxite). Pig iron, unwrought copper, and other nonferrous metals are Armenia's highest valued exports. Armenia's severe trade imbalance has been offset somewhat by international aid, remittances from Armenians working abroad, and foreign direct investment. Armenia joined the WTO in January 2003. The government made some improvements in tax and customs administration in recent years, but anti-corruption measures have been ineffective and the current economic downturn has led to a sharp drop in tax revenue and forced the government to accept large loan packages from Russia, the IMF, and other international financial institutions. Armenia will need to pursue additional economic reforms in order to regain economic growth and improve economic competitiveness and employment opportunities, especially given its economic isolation from two of its nearest neighbors, Turkey and Azerbaijan.

Source: The World Factbook