The Republic of Armenia is experiencing a technological and service sector boom.
With the recent Velvet Revolution of 2018, Armenia has experience a refreshing new boom in both domestic and foreign investment.
Previously part of the Soviet Republic, Armenia gained independence in 1991. Since then, and more recently, the country has been successful in shedding the post-soviet economic drag.
Investment in the IT and service sector has seen the most apparent boom in scale and investment. Software development, Web-Apps, technical-support, gaming-industries and more have sprung up in the past 5 years equalling in size off many established European firms, however, offering the same and better products for a fraction o the price.
Factors of production are rife in Armenia, making it the most viable option for the service sector since the similar uprising off eastern-European and Irish companies with a similar geo-economic climate.
Future Proofing via Investment
The Armenia economy advanced 7.2 percent year-on-year in the second quarter of 2018, following a 9.6 percent growth in the previous quarter. GDP Annual Growth Rate in Armenia averaged 7.33 percent from 1998 until 2018,