For Hrat GNU/Linux we decided to use UTF-8, but for that encoding we didn't have console font and key map.
We took lat0-sun16 font, added Armenian letters and made the hy-utf8 font.
Also we have created key map for Armenian language.
Here is the vim editor screen shot with Armenian text (without GUI):
Font and key map will be available later.
Here I'll post how to install and use font and key map.