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Economy of Yerevan


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="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; line-height:normal">The carpet industry in Armenia has an ancient tradition and a very deep history, therefore, the carpet production is rather developed in Yerevan with three major factories that also produce hand-made carpets.

Yerevan's location on the shores of Hrazdan river has enabled the production of hydroelectricity. Two plants are established on the territory of the municipality. There is also a modern thermal power plant which is unique in the region for its quality and high technology, situated in the southern part of the city, furnished with a new gas-steam combined cycled turbine, to generate electric power.

Construction

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