Get access to latest Armenia security tenders and bids. Find business opportunities and government contracts for Armenia security tenders, global security tenders, government security contracts Armenia, Armenia security guard tenders, Armenia private security tenders, security tender notices, federal security bids, hiring security tenders, security system tenders, Armenia security alarm tenders. Find Armenia security bids, tenders, procurement, RFPs, RFQs, ICBs. The Armenian economy contracted sharply in 2020, by 5.7%. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled. Until independence, Armenia's economy was based largely on industry—chemicals, electronic products, machinery, processed food, synthetic rubber and textiles; it was highly dependent on outside resources. Armenian mines produce copper, zinc, gold and lead. The vast majority of energy is produced with imported fuel from Russia, including gas and nuclear fuel for Armenia's Metsamor nuclear power plant. The main domestic energy source is hydroelectric. Small amounts of coal, gas and petroleum have not yet been developed. Armenia's severe trade imbalance has been offset somewhat by international aid, remittances from Armenians working abroad, and foreign direct investment. Economic ties with Russia remain close, especially in the energy sector. Security is protection from, or resilience against, potential harm (or other unwanted coercive change) caused by others, by restraining the freedom of others to act. Beneficiaries of security may be of persons and social groups, objects and institutions, ecosystems or any other entity or phenomenon vulnerable to unwanted change. The term is also used to refer to acts and systems whose purpose may be to provide security (e.g.: security companies, security forces, security guard, cyber security systems, security cameras, remote guarding).