City Yerevan, Armenia Financial News

India, Iran and Armenia has the potential to balance the Pakistan-Azerbaijan-Turkey axis, which has gained momentum with several engagements between Islamabad and Baku this year. The first India-Iran-Armenia trilateral aims to connect Armenia with India via Iran, ET has learnt. During a meeting in the Armenian capital Yerevan this April, the three sides discussed economic projects and regional communication channels, outlined the prospects of deepening cultural and people-to-people contacts as well as trilateral cooperation in various fields. The three countries had then decided to «continue consultations» in the format, sources recalled. The trilateral meeting also discussed the use of the International North-South Transport Corridor (INSTC) as a regional connectivity initiative. Armenia, whose ties with New Delhi are acquiring strategic dimensions, has proposed the Persian Gulf-Black Sea corridor via Iran parallel to INSTC or part of a new branch of INSTC to connect Indian traders with Russia and Europe, sources said. Given the extensive experience of Indian companies in taking part in large-scale infrastructure projects abroad and India's interest in launching the India-Europe transport corridor route via Iran and Georgia, Armenia plans to start negotiations with India to discuss the involvement of Indian funding and Indian companies into the project.

Armenia's government says an ethnic Armenian exodus has nearly emptied Nagorno-Karabakh of residents since Azerbaijan attacked and ordered the breakaway region’s militants to disarm

Armenian officials say more than 70% of Nagorno-Karabakh's original population have fled the region for Armenia

Lawmakers in a breakaway Armenian-populated region of Azerbaijan have elected a new separatist president in a move that was strongly condemned by the Azerbaijani authorities

Beaxy suspended operations on March 28 “due to the uncertain regulatory environment surrounding our business,” according to the cryptocurrency exchange’s blog. The suspension came a day before the United States Securities and Exchange Commission (SEC) announced it was charging Beaxy and its executives with failing to register as a national securities exchange, broker and clearing agency. 

Artur*, a 26-year-old Russian software developer, bought a one-way plane ticket to Armenia's capital Yerevan after hearing Vladimir Putin's announcement to bolster Russia's military forces.