1. IT developers: Armenia has a growing IT sector and vacancies in software development, programming and other IT-related fields are in high demand.
Salary: from $400 to $1,250 per month, depending on experience and skills.
2. Doctors and healthcare workers: Doctors, nurses and healthcare workers are in demand.
Salary: from 500 to 1250 USD per month, depending on specialization and experience.
3. Engineers: Civil engineers, electrical engineers, and mechanical engineers are needed in construction and infrastructure projects in Armenia.
Salary: from 333 to 833 USD per month.
4. Specialists in banking: Professionals working in the financial and banking sectors, such as bankers, financial analysts and accountants.
Salary: from 417 to 1000 USD per month.
5. Specialists in the field of education: Teachers and lecturers play a crucial role in the education system of Armenia.
Salary: from 250 to 583 USD per month.
• Working week:
The standard working day in Armenia is usually 40 hours per week, spread over five days.
• Vacation:
Employees in Armenia are entitled to paid annual leave, which is accrued at the rate of 2 calendar days for each month worked. The minimum annual leave is 28 calendar days.
• Public holidays:
In Armenia, public holidays typically include New Year's Day, International Women's Day, and Independence Day, among others, with most government offices and businesses closed on these dates.
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Sick leave:The duration of sick leave varies depending on the illness or condition, usually up to 5 days, but can be extended if necessary.
• Maternity and parental leave:
Women employees in Armenia are entitled to maternity leave. The total duration is at least 140 calendar days.
• Social security and benefits:
Armenia has a social security system that provides various benefits, including pension, disability, and survivors' benefits. Unemployment benefits are also provided to eligible individuals who have lost their jobs.
• Minimum salary in Armenia - US$143 per month
• Average salary in Armenia - US$375 - 417 per month
1. Government initiatives:
The Armenian government has implemented various measures to support entrepreneurship, including tax incentives, financing programs, and simplified business registration processes.
2. Challenges:
Despite the growth of entrepreneurship, Armenia faces challenges such as access to finance, bureaucracy, and market access issues. Improving the ease of doing business remains a priority.
3. Startup ecosystem:
Armenia has a booming startup ecosystem, especially in the capital, Yerevan. The country has a number of technology parks, business incubators and coworking spaces that provide support and resources to startups.
4. Investment opportunities: Armenia attracts investment from both domestic and international sources, especially in the technology sector. The government encourages venture capital and angel investment, as well as numerous funds that support startups.
5. International cooperation: Armenian startups often collaborate with international partners, including companies and organizations from the United States, Europe, and the Middle East.
6. Popular business sectors:
- IT and technology sector
- light industry and manufacturing
- agriculture
- service sector
- tourism and hospitality
1. Yerevan: The capital city is the economic and political center of the country, offering a well-developed infrastructure, a skilled workforce, and access to various business opportunities.
2. Gyumri: Armenia's second-largest city is known for its emerging IT sector and a growing business environment.
3. Vanadzor: Another city with a developing IT industry and favorable conditions for businesses.
4. Abovyan: This city is known for its proximity to Yerevan and offers opportunities for small and medium-sized enterprises (SMEs) and manufacturing businesses.
5. Dilijan: Picturesque city known for its potential in the tourism and hospitality industry.