• Statistical data of Greek-Armenian Relations.

  • Highlights of Armenia's economic performance.

  • Analysis of Armenia's external trade.

    Armenia

    Armenia is located in the southwestern region of the Caucasus, at the crossroads of Europe and Asia.

    Armenia declared independence on September 21, 1991, following the dissolution of the Soviet Union. The country consists of 11 provinces, with Yerevan as its capital, and takes the form of a parliamentary democracy.

    The official language is Armenian, although Russian is also widely used. The official religion is Christianity (Armenian Apostolic Church). The currency of Armenia is the dram (AMD).

    Bilateral Relations

    Greek-Armenian relations have a long historical background and are associated with the coexistence of Greeks and Armenians during the Byzantine period and during the Ottoman Empire.

    525 BC
    Earliest reference to Armenia by the Greek historian and geographer Hecataeus of Miletus.
    1992
    Establishment of diplomatic relations between Greece and Armenia
    1996
    Greece officially recognized the Armenian Genocide.
    2015
    Armenia officially recognized the Pontian Genocide.

    Greece is one of the first countries that have officially recognized the Armenian genocide committed by the Ottomans in 1915.

    The two countries cooperate in the framework of international organizations (UN, OSCE, CoE, BSEC) while Greece strongly supports the further development of the EU's relations with Armenia.

    There is Greek Embassy in Yerevan since 1993 and Armenian Embassy in Athens.

    Bilateral relations have been maintained for centuries at a truly exceptional level, but current bilateral trade and economic activity is relatively low.
    Trade
    January - July 2021
    13474000
    +51,5%
    *0.3% of external trade of Armenia
    from Greece to Armenia
    13.435.300
    +51,2%
    *0.5% of Armenian imports
    from Armenia to Greece
    38.700
    +595,4%
    *0.0% of Armenian exports

    Tourism
    January - June 2021
    from Greece to Armenia
    269
    -42,3%
    *0.1% of all tourism arrivals in Armenia
    from Armenia to Greece
    -
    -

    Economic Activity

    January - July 2021
    +5,2%
    compared to January - July 2020
    Industrial
    +2,1%
    Agriculture*
    +6,8%
    Construction
    +8,8%
    Trade turnover
    +7,5%
    Services
    +4,4%
    Average wages
    ???
    Consumer price index
    +6,1%
    Producer’s price index
    +10,1%
    Electricity production
    +0,1%
    External trade
    +15,1%
    Exports
    +23,2%
    Imports
    +10,6%

    Tourism

    January - July 2021
    Visitors
    239.263
    -22,2%

    External Trade

    January - July 2021
    Exports
    1 641 517.7
    +23,2%
    Imports
    2 664 878.9
    +10,6%
    Prices in USD
    ExportsImports
    I - Live animals; animal products
    53 171.8
    +43.3%
    72 989.7
    +0.8%
    II - Vegetable products
    104 176.1
    +48.6%
    123 916.0
    +0.9%
    III - Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
    37.2
    -38.6%
    38 397.9
    +42.3%
    IV - Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes
    309 447.1
    +5.8%
    217 156.8
    -0.2%
    V - Mineral products
    613 049.2
    +36.6%
    483 301.7
    +15.1%
    VI - Products of the chemical or allied industries
    18 642.2
    +13.2%
    240 219.1
    +1.5%
    VII - Plastics and articles thereof; rubber and articles thereof
    9 949.0
    +19.6%
    111 415.6
    +2.7%
    VIII - Raw hides and skins, leather, furskins and articles thereof; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)
    2 814.5
    -1.5%
    13 428.6
    +39.6%
    IX - Wood and articles of wood; wood charcoal; cork and articles of cork; manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork
    457.1
    +78.0%
    34 366.2
    +16.2%
    X - Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper or paperboard; paper and paperboard and articles thereof
    875.9
    +43.5%
    46 602.5
    -8.6%
    XI - Textiles and textile articles
    98 506.1
    +52.9%
    146 770.2
    +25.5%
    XII - Footwear, headgear, umbrellas, sun umbrellas, walking-sticks, seat-sticks, whips, riding-crops and parts thereof; prepared feathers and articles made therewith; artificial flowers; articles of human hair
    2 664.4
    +210%
    31 337.6
    +26.4%
    XIII - Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware
    11 321.0
    -6.4%
    58 412.6
    +12.7%
    XIV - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
    175 166.9
    -2.9%
    133 570.3
    +210%
    XV - Base metals and articles of base metal
    178 682.7
    +32.2%
    192 797.1
    +2.6%
    XVI - Machinery and mechanical appliances; electrical equipment; parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
    27 916.9
    +52.5%
    428 096.1
    +1.9%
    XVII - Vehicles, aircraft, vessels and associated transport equipment
    10 233.3
    +71.7%
    146 994.6
    +23.9%
    XVIII - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; clocks and watches; musical instruments; parts and accessories thereof
    15 036.4
    -50.5%
    66 186.6
    +8.0%
    XX - Miscellaneous manufactured articles
    8 796.1
    +17.5%
    78 707.3
    +12.0%
    XXI - Works of art, collectors’ pieces and antiques
    573.6
    +91.5%
    212.2
    +370%
    Comprehensive and Enhanced Partnership Agreement
    On 1 March 2021, the European Union-Armenia Comprehensive and Enhanced Partnership Agreement (CEPA) entered into force, while current membership in the Eurasian Economic Union (EAEU), makes Armenia an extremely interesting business destination for European companies.

    ARMENIA EXPO

    16 - 18 of September, 2021
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    YEREVAN EXPO
    3 HAKOB HAKOBYAN, YEREVAN, ARMENIA
    GREARM ©