YEREVAN — More than 30,000 expats from Russia, Ukraine and Belarus have moved to Armenia since late February, Minister of Economy Vahan Kerobyan has said, according to Sputnik Armenia.

Kerobyan revealed in an interview published on Tuesday, June 21 that as of June, over 1,200 new companies have been opened in the country.

“This is the approximate number of those who are already working in Armenia. The figure may change, since we can’t very accurately determine the number of tourists from those who have moved here for a longer time,” the Minister explained.

Among the companies opened in the country after the start of the war in Ukraine are industrial enterprises engaged in mechanical engineering, as well as IT firms.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Foreign Ministers of Armenia, Azerbaijan and Russia Meet in Moscow

MOSCOW — Russian Foreign Minister Segei Lavrov hosted his Armenian and Azerbaijani…

Palestinian Authority Expresses Concern Over Leasing of Land to Israelis by the Armenian Patriarchate of Jerusalem

JERUSALEM — In light of the Israeli intensified efforts to Judaize Jerusalem,…

Hrazdan Stadium Owner Declares Bankruptcy

YEREVAN (RFE/RL) — A prominent member of the ruling Republican Party of…

Armenia-NATO Relations: Prospects and Challenges Ahead

YEREVAN (Mediamax) — NATO desk officer for the South Caucuses Steffen Elgersma…