News
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
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
Armenian brandy “conquers” Russian market once again
In 2012, Armenian capital city’s Yerevan Brandy Factory (YBF) recorded a 25-percent growth in brandy production, and a 27-28-percent growth is expected for this year, Factory Executive Director Ara Grigoryan said during a press conference on Monday. The brandy sales reached 3.5 million liters in the year past, as compared to the 2.7 million liters
EXPO BEAUTY 2013
On February 28, President of Union of manufacturers and businessmen Armenia A. Ghazaryan and the Rector of French University in Armenia Mr. Montuan signed a cooperation agreement. In a few days “Logos Expo Center” and UMBA o n March 22-24 organized «EXPO BEAUTY 2013» International 9th specialized exhibition. A group of students of French University
Armenia made progress in tourism competitiveness report – PM
The World Economic Forum on Wednesday issued its tourism competitiveness report, where Armenia is ranked 79th from among 140 countries, Premier Tigran Sargsyan stated during Thursday’s Cabinet meeting. In his words, Armenia improved its position by eleven points as compared to the previous year. Also, Armenia’s PM commissioned Economy Minister Tigran Davtyan to analyze this
Winners' Club and SEUA Students Meeting with Armen Gevorgyan
On February 25, the meeting with Armen Gevorgyan, Vice Prime Minister of the Republic of Armenia, Minister of Territorial Administration of the Republic of Armenia and members of the Winners’ Club of the Presidential Educational Award, as well as students of the microelectronic circuits specialization at State Engineering University of Armenia (SEUA) to took place
“MIKA PROGRESSTEGH” engineering center presentation
On February 15, “ROSSOTRUDNICHESTVO”, representation of the Russian-Armenian cooperation Innovation Center, Union of Manufacturers and Businessmen (Employers) of Armenia and "MIKA PROGRESSTEGH" JSC Engineering Center initiated the presentation of Engineering Center. The Center provides engineering, consulting services for large and small machinery industry. The center has attracted companies in such programs as "Sukhoi civil aircrafts",
Armenia to have export insurance company
An export financing insurance company needs to be established in Armenia. To this end, a working team comprising fifteen members will be set up at the Ministry of Economy. The members will receive a monthly salary of 500,000 drams (approx. $1,230), and they will be responsible for all the preparations toward founding this insurance company.
Dollar shows signs of stabilizing in Armenia
February 05, 2013 | News.am Following a one-week fall, the exchange rate of the American national currency ultimately stabilized at the AMD 405-406/$1 range at Armenia’s financial market. But dollar trading was not conducted Tuesday at NASDAQ OMX Armenia stock exchange. Even though the asking price for the US national currency was AMD 405/$1, its