Fri, 6 February
-4.9 C
Yerevan
USD: 378.01 RUB: 4.94 EUR: 445.56 GEL: 140.45 GBP: 513.64

We need to restore Armenia’s manufacturing sector (video)

YEREVAN, September 7, /ARKA/. Senior Lieutenant Vardan, who was seriously wounded during the 44-day war last autumn in the Nagorno-Karabakh conflict zone, promises to start walking again. The soldiers under his command hit the enemy’s heavy flamethrower system, but Vardan was wounded by an UAV.
After being wounded, Vartan had rehabilitation treatment at the Soldier’s House. Now the treatment continues with Armenian-made walker.
“Devices improve the quality of our life and speed up treatment,” says Vardan Vardanyan. The walker, manufactured by Kayltech company, helps disabled people restore their walking function, preventing them from acquiring more than 30 diseases, which develop in parallel with disability.
Davit Arsenyan, co-founder of Kayltech, is a kinesiologist. After the four-day war in 2016, he worked with friends to help rehabilitate the wounded boys. Then they decided to start a company that would manufacture devices to enable the wounded boys to continue treatment at home.
“Since we can not keep everyone in rehabilitation centers all year round, the idea arose to create devices which they can use to train on their own,” says Davit Arsenyan.
Davit and Vardan test the power and the strength of the electric wheelchair connector. The electrical connector is made in Armenia. It is connected to the wheelchair that becomes a self-propelled device. This is how different problems are solved.
Currently, there are many disabled servicemen with mobility problems in the country, who need electric walkers to train. Kayltech with the support of its partner Acba bank will prepare and provide them with Armenian-made connectors.
“During the cooperation with Acba, we have already produced several connectors. The bank is a partner, which provided us with financing and helps us deliver our products to the disabled,” says Davit Arsenyan.
Soon the first Armenian-made scooter manufactured by Kayltech will go on sale. The raised money will be channeled into the preparation of rehabilitation equipment for disabled servicemen.
Kayltech engineers decided also to design an electric car. Davit is sure that Armenia has a great productive potential, which must be used properly. Armenia should be positioned on the world map as a technological country.
Kayltech’s strength is in its dedicated team who work for one goal and result.
Details in the video. -0-

spot_img

POPULAR

Armenia approves state mortgage support program for army officers

At a meeting on Thursday, the Armenian government approved a state mortgage support program for military officers.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

LATEST NEWS

spot_imgspot_imgspot_img