Armenia, a developing country in western Asia, built its economy on mineral extraction and industrial output. Armenia, located at the border, is a member of many regional organizations in Asia and Europe. The country ranks high on the Safety Index and has low crime levels.
Major economic hubs:
Yerevan, Gyumri, Vanadzor
Skills in demand:
Sales Consultants, Service Manager, Accountants, Administrative Staff
Local Universities
The top local universities in Armenia are as follows:
Yerevan State University
Ranking
Local: 1
World: 3274
American University of Armenia
Ranking
Local: 2
World: 3551
Russian-Armenian University
Ranking
Local: 3
World: 5865
National Polytechnic University of Armenia
Ranking
Local: 4
World: 7268
Yerevan Brusov State University of Languages and Social Sciences
Ranking
Local: 5
World: 7301
Salary Data
The following table mentions the average monthly salary of some common jobs in Armenia
Armenia has well-established labor laws, generally favoring employees. Learn more about the various conditions and regulations in the following paragraphs for smooth and regulated employment in Armenia.
Employee Contract
It is legally required to have a written employment contract in the local language.
Probation Period
The probation period for newly hired employees in Armenia is one month.
Public and Provincial Holidays
Date
Name
Type
1 Jan
New Year’s Day
National holiday
2 Jan
New Year’s Day (Day 2)
National holiday
6 Jan
Christmas Day
National holiday
28 Jan
Army Day
National holiday
8 Mar
International Women’s Day
National holiday
24 Apr
Genocide Remembrance Day
National holiday
1 May
Labor Day
National holiday
9 May
Victory and Peace Day
National holiday
28 May
Republic Day
National holiday
5 Jul
Constitution Day
National holiday
21 Sep
Independence Day
National holiday
31 Dec
New Year’s Eve
National holiday
Employee Leaves
Type of Leave
Time Period
Mandatory
Annual/Earned Leave
28 days
Yes
Sick Leave
5 days
Yes
Maternity Leave
140 days
Yes
Payroll
Payroll Cycle
Armenia follows a monthly payroll cycle, with payments made by the 15th of next month.
Minimum Wage
Armenia’s minimum wage is 75,000 Armenian dram per month.
Overtime Pay
Armenia does not allow overtime beyond 4 hours per every two days and is limited to 180 hours a year. Rates of compensation for overtime at various times are mentioned below: