The extent and condition of forest ecosystems in Armenia have decreased drastically since the disintegration of the Union of Soviet Socialist Republics (USSR). This decline is not only a consequence of the recent history of the area, but also the result of decades of forest policies, management and forest-use practices. To reverse the negative trends, it is important for stakeholders, scientists, resource managers and policy makers (in Armenia and abroad) to understand the influential factors in the decline, yet such information is scarce, highly fragmented, written in Armenian or Russian, and inaccessible to the international community. This paper aims to contribute to the knowledge base of the international community by presenting and contrasting the most important issues and processes that have affected forest cover in Armenia during the USSR (1920–1991) and independence periods (1991–to date). For each period, the legal framework, the forest inventory practices, forest use, management and conservation practices, the forestry education, and the perception of the forests by forest communities and society at large are presented and discussed. Except for the social perception of the forests, the most relevant aspects of these issues have scarcely changed from one period to the next. There is a need to address the most pressing problems and improve the current conditions of the forests and the forestry sector in Armenia.