The opening ceremony held in the capital's Aram Khachaturian concert hall was attended by Armenia's President Armen Sarkissian, Prime Minister Nikol Pashinyan and Minister of Culture Lilit Makunts.
At the ceremony, the prime minister hoped that the country's cinema industry will undergo improvement so that it gets rejuvenated.
Filmmakers from countries such as Iran, Poland, Russia, Serbia, Germany, Turkey and Britain are presenting their works in different sections of the festivals.
'20th Circuit Suspects' by Hesam Eslami will compete in the documentary section with 10 other films.
Iran-Armenia film 'Yeva' by Anahid Abad and Iran-Germany production 'Sunset Truck' by Abolfazl Saffari and Sajad Afsharian will take part in the Armenian panorama section.
Asghar Farhadi's 'Everybody Knows' will be screened in the non-competition section of the Armenian festival.
Two-time Oscar winner Farhadi will preside over panel of jury at the 2018 Armenian festival.
Founded in 2004, the film festival derives its name from apricot which symbolizes Armenia and it is indispensable part of Armenia: A Latin name of an apricot is 'prunus аrmeniaсa' which means 'the Armenian plum' and the warm color of apricot is found in Armenian national flag.
Nevertheless, the festival was not born casually. Armenian cinema since the independence in 1991, though shy, but break through the international festivals. Armenian cinema has caused big resonance of festivals and retrospective shows in Paris, Montreal and Bologna.
Its international success was due to new films by Harutyun Khachatryan, Suren Babayan, Vigen Chaldranyan, David Safaryan, Narine and Arsen Mkrtchyan, Edgar Bagdasaryan, and other Armenian filmmakers.
It became obvious that Armenia, a country with the settled tradition of film production (the first film studio was founded in Armenia in 1923, and the first feature film 'Namus' by Beknazarian was screened in 1925), needed its own international film festival which it hasn't had before since its cinematograph is connected to the names of Sergey Parajanov and Artavazd Peleshian.