• 04.10.2013
    Signing of Memorandum

    Signing of Memorandum

    On Octօber 3 the President of the Union of Manufacturers and Businessmen of Armenia (UMBA), Arsen Ghazaryan, and the Member of the Board of trustees of the recently established French Superior Institute of Engineering in Armenia, Michel Kevorkian, signed a memorandum of cooperation attended by education and business sphere representatives from both sides. The meeting
    • 29.08.2013
    Armenian watch mainly exported to US

    Armenian watch mainly exported to US

    YEREVAN. – Five watch manufacturing companies, which employ 113 people, are operating in Armenia. This is indicated in the development program of watch industry, which was approved by the Council at the Prime Minister of Armenia in late July. Armenia exported watch and parts estimating at nearly $8 million in 2011, while 85% of production
    • 23.08.2013
    A New Co-operation between Armenian and Turkish Young Businessmen launched in Van

    A New Co-operation between Armenian and Turkish Young Businessmen launched in Van

    The Armenian-Turkish business forum affairs organized by the initiative of the Union of Manufacturers and Businessmen (Employers) of Armenia continued on 16-17 of August in the city of Van. Within the framework of the forum the young Armenian representatives of business sector proceeded active intercourse with their Turkish counterparts. Business to business meeting-negotiations took place,
    • 16.08.2013
    Young Armenian and Turkish entrepreneurs sign memorandum of cooperation in Van

    Young Armenian and Turkish entrepreneurs sign memorandum of cooperation in Van

    VAN. – The Armenian-Turkish Young Businessmen Conference kicked off Thursday in Van, Turkey. During the event the parties discussed the avenues for finding a common ground for cooperation and signed a memorandum of understanding. The young Armenian and Turkish entrepreneurs spoke about the need for cooperation between the two countries, and noted that business contacts
    • 31.07.2013
    «Armenia-Montenegro» Business Forum

    «Armenia-Montenegro» Business Forum

    “Montenegro-Armenia” business forum was launched by the Union of Manufacturers and Businessmen of Armenia and the Union of Employers of Montenegro in Budva, July 12-14. The twenty-member delegation from Armenia was headed by one of the presidium members of UMBA, Hovik Musaelyan, the president of “Synopsis Armenia”. The two sides made presentations on the investment
    • 12.07.2013
    The UMBA Presidium Holds a Session in Shirak Region

    The UMBA Presidium Holds a Session in Shirak Region

    The UMBA presidium held a session in Shirak region on July 11. The local entrepreneurs discussed their business agenda with the guests and expressed their expectations for support to enhance business opportunities in the region. As mentioned by the president of the UMBA, the union will exert efforts in assisting the further development of entrepreneurship
    • 04.07.2013
    “POLAND-ARMENIA” Business Forum in Warsaw

    “POLAND-ARMENIA” Business Forum in Warsaw

    On 25th of June in Warsaw took place “Poland-Armenia” Business Forum, in the frames of the official visit of President of Republic of Armenia Mr. Serzh Sargsyan to Poland. Business forum was organized by Armenian Development Agency and Union of Manufacturers and Businessmen of Armenia. Representatives of 22 Armenian companies participated at the Forum. By
    • 29.06.2013
    After discussing questions of interest to manufacturers and businessmen, Prime Minister issues corresponding instructions

    After discussing questions of interest to manufacturers and businessmen, Prime Minister issues corresponding instructions

    Prime Minister Tigran Sargsyan received a delegation from Union of Manufacturers and Businessmen Armenian to discuss issues of topical interest. First, the government was proposed to establish a procedure for return of industrial oil excise to organizations. The Ministry of Economy was said to have drafted a corresponding government decree for consideration of competent authorities.
    • 13.04.2013
    Indian Ambassador to the UMBA

    Indian Ambassador to the UMBA

    UMBA President A. Ghazaryan and Vice-President H. Bakhshetsyan received Extraordinary and Plenipotentiary Ambassador of India to the Republic of Armenia Suresh Babu. During the conversation were discussed the possibilities of economic cooperation in the different areas of mutual interest. It can be achieved through the frequent contacts between the business communities of the two countries
    • 10.04.2013
    Armenian beer bottles to be produced on site

    Armenian beer bottles to be produced on site

    In 2012, Armenia’s capital city Yerevan Beer Company exported bottle production casts to Ukraine to manufacture beer barrels and to import them. These casts were exported under the “Temporary Exports” customs regulation, and for a one-year term. At present, Yerevan Beer has ordered similar casts and the aforesaid barrels are manufactured on site. But in