EDB: A strong domestic industry is the key to developing economies’ transition into the high-income group
 Thursday, September 17 2026,

ArmInfo.  The Eurasian Development Bank (EDB) has presented a new analytical report, «The Architecture of Industrial Transformation of Developing Economies,» analyzing how developing countries can move into the high-income category and establish themselves sustainably in this group.

Exchange rates
23.10.2026
RUB4.480.03
USD361.14-0.19
EUR404.33-0.90
GBP482.99-0.36
CAD257.870.35
JPY23.03-0.01
CNY54.14-0.01
CHF438.44-1.67




Experts
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning itExpert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and IranExpert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economyPolitician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
Read more

Commented
Politician: The price of gasoline in Armenia has reached an all-time high of 600 drams per literPolitician: The price of gasoline in Armenia has reached an all-time high of 600 drams per liter
RA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regionsRA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regions
Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia 
Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President
For first time, institution of restructuring insolvent banks is being  introduced in Armenian banking systemFor first time, institution of restructuring insolvent banks is being  introduced in Armenian banking system