Theme

Economy

Stories related to finance and economics.

Editor's choice
News
Armenia aims to become tech hub of South Caucasus with new AI data factory

Armenia aims to become tech hub of South Caucasus with new AI data factory

Armenia is set to host its own artificial intelligence data factory, with the project valued at $500 million and scheduled to begin operations in 2026. This investment initiative is being jointly implemented by Firebird, the Armenian government, and NVIDIA, JAMnews has reported. “FirebirdCloudAI is Armenia’s largest and most important tech investment the country’s ‘Stargate’. The idea was born when Jensen Huang, co-founder and CEO of NVIDIA, visited Yerevan in 2023. Today, it’s becoming reality. The AI factory, equipped with thousands of Blackwell GPUs, will spark innovation across Armenia,” Prime Minister Nikol Pashinyan wrote on X.

Filter archive

Publication date
Editor's choice
News
Enchanting but distant Tajikistan says it is ready for increased co-operation with Europe

Enchanting but distant Tajikistan says it is ready for increased co-operation with Europe

At a recent promotion forum in Brussels senior Tajik officials emphasised that their country was business friendly and tourist welcoming. Young and eager Tajik entrepreneurs also highlighted that both country and society were ready for qualitative step-change in relations with Europe. On its part the EU has signalled it is ready to increase co-operation with the strategically located country, including through enhanced partnership agreements.
Editor's choice
Opinion
Opinion: A resumption of the Iran nuclear deal is also good for Armenia

Opinion: A resumption of the Iran nuclear deal is also good for Armenia

Reports from Vienna suggest that Iran and the world powers are close to agreeing on restoring the Iran Nuclear Deal. For a moment it appeared that the negotiations were going to get entangled in the current Ukraine crisis, but it appears that Iran has dissuaded Russia from doing so. In this op-ed for commonspace.eu Benyamin Poghosyan says a deal would be good for neighbouring countries like Armenia who are keen to exploit trade opportunities with Iran.