After the incredible UEFA Euro 2012 run, the 2014 World Cup and Euro 2016 qualifiers were not successful, with the Armenian side stood near bottom in the 2014 World Cup run and even finished last without a single win in Euro 2016 campaign. Armenia salvaged some few pride in 2018 World Cup qualification when the Armenians managed to create a shocking 3–2 home win over Montenegro, which contributed to Montenegro's failure to qualify for the 2018 FIFA World Cup. After these disappointments, Vardan Minasyan returned to lead Armenia in the 2018–19 UEFA Nations League D, but finished behind Macedonia, including a humiliating 0–1 home loss to Gibraltar. Due to this humiliation, Minasyan was sacked and Armen Gyulbudaghyants was appointed new coach of Armenian side. The Armenians participated in the UEFA Euro 2020 qualifying along with giants Italy, Bosnia and Herzegovina, former European champions Greece, Finland and Liechtenstein. Armenia lost two opening fixtures to Bosnia 1–2 away and Finland 0–2 at home, and was supposed to get eliminated pretty early. However, Armenia began their resurgence following these losses, with a convincing 3–0 home cruise to Liechtenstein before managed to create a shocking 3–2 away win over Greece, former UEFA Euro 2004 champions. Armenia suffered a minor setback after losing at home to powerhouse Italy 1–3, before created another shock in their qualification with a 4–2 convincing win over Bosnia and Herzegovina in the same ground. Armenia was pulled back to the ground when they faced Greece, Finland and Italy in their games, with Armenia defeated in both games and eventually finished fifth in their group, failed to qualify for UEFA Euro 2020.