• 25.02.2014
    Meeting with the Representatives of Business Community in Adana

    Meeting with the Representatives of Business Community in Adana

    On February 20, 2014, External Affairs Specialist of the Union of Manufacturers and Businessmen of Armenia (UMB(E)A), Armen Melkonyan paid a visit to Zeki Kıvanç, the Chairman of Adana Chamber of Industry (ADASO), Turkey. During the meeting Armen Melkonyan presented the work carried out by the Union towards the improvement of economic relations between Armenia
    • 14.02.2014
    FÉDA BUSINESS & EXPO CENTER

    FÉDA BUSINESS & EXPO CENTER

    The Economic Forum for Development of Armenia (FEDA) is a non-governmental organization, aimed at developing economic relations between Armenia and European countries and supporting Armenian entrepreneurs from across the world. FEDA’s goals: Creation of a reliable hub in the center of Europe for businesses from Armenia, as well as Armenian-owned businesses from other countries, their
    • 03.02.2014
    Hosted Armenian-Czech business forum

    Hosted Armenian-Czech business forum

    Prague, the Czech Republic, hosted the Czech-Armenian Business Forum in the framework of the official visit of the President of Armenia, Mr. Serj Sargsyan. The Business Forum was organized by the Armenian Development Agency and the Union of Manufacturers and Businessmen (Employers) of Armenia on January 31st, 2014. The Armenian delegation was represented by almost
    • 16.01.2014
    Eurasian Development Bank assesses economic effects of Armenia’s joining Customs Union

    Eurasian Development Bank assesses economic effects of Armenia’s joining Customs Union

    Armenia’s accession to the Customs Union (CU) and the Single Economic Space (SES) will have a positive effect on its economy. This conclusion is suggested in the report entitled Armenia and the Customs Union: Assessing the Economic Effect of Integration published by Eurasian Development Bank’s (EDB) Centre for Integration Studies. Quantitative analysis of the effects
    • 14.01.2014
    The “Armenian insurance exporting agency” ICJSC was registered

    The “Armenian insurance exporting agency” ICJSC was registered

    On November 27, the "Armenian insurance exporting agency" ICJSC was registered and provided insurance operations license by the Central Bank of the RA. The main function of the "Armenian insurance exporting agency" is insurance of financial loss of exporters of products and / or services, particularly in the case of a foreign buyer fails to
    • 13.12.2013
    The Union of Manufacturers and Businessmen of Armenia received International Monetary Fund (IMF) Representatives

    The Union of Manufacturers and Businessmen of Armenia received International Monetary Fund (IMF) Representatives

    On December 11 the president of the Union of Manufacturers and Businessmen of Armenia (UMBA) Arsen Ghazaryan met with the representatives from the International Monetary Fund (IMF), including the Resident Representative of the IMF in Armenia, Teresa Daban Sanchez, the Assistant Director of the IMF’s Middle East and Central Asia Department, Mark Horton and the
    • 12.12.2013
    Turkish delegation head absent from BSEC meeting due to poisoning

    Turkish delegation head absent from BSEC meeting due to poisoning

    Six countries are participating in the 47th meeting of the Board of the Business Council of the Organization of the Black Sea Economic Cooperation (BSEC). Armenia holds BSEC chairmanship in July-December 2013. “The Turkish delegation’s head was absent due to food poisoning, but his deputies are present,” Chairman of the Union of Manufacturers and Businessmen
    • 12.12.2013
    Ghazaryan: Armenia will not sever ties with EU markets after joining Customs Union

    Ghazaryan: Armenia will not sever ties with EU markets after joining Customs Union

    Some of the BSEC countries are EU members, others are members of the Customs Union or are on the path of accession to the CU or EU, so the Organization of the Black Sea Economic Cooperation (BSEC) will be an integration bridge between European Union and Customs Union markets, President of the Union of Manufacturers
    • 10.12.2013
    Turkey and Azerbaijan do not attend BSEC session in Yerevan

    Turkey and Azerbaijan do not attend BSEC session in Yerevan

    The representatives of 6 countries do not attend the 47th Board Meeting of the BSEC Business Council, which launched on 9th of december in Yerevan. Armenia’s representative to the BSEC Business Council, the Chairman of the Union of Manufacturers and Businessmen (Employers) of Armenia Arsen Ghazarian stated that some of the participants do not attend
    • 06.12.2013
    Armenian beer exports to Russia increased – brewer

    Armenian beer exports to Russia increased – brewer

    So far in 2013, Yerevan Beer CJSC of Armenia has increased the beer exports to Russia by more than 20 percent in one year. Company CEO Ashot Baghdasaryan told the aforesaid to Armenian News-NEWS.am. To the query as to whether he expects the creation of a level playing field for his company once Armenia joins