News

“A radical advance of the economy will be possible through a new stage of state–private sector cooperation”: Arsen Ghazaryan

Although in recent years our economy has seen major changes in terms of competition, certain issues still remain, some of which are, to an extent, objective. This view was expressed by Arsen Ghazaryan, President of the Union of Manufacturers and Businessmen of Armenia, during the panel discussion held on November 21 as part of the World Bank Office’s presentation of the first “Armenia: Country Economic Update” report.

Prospects for Deepening Business Relations Between Armenia and Dubai Discussed

The prospects for further deepening business relations between Armenian and Dubai entrepreneurs were discussed during a meeting between Mr. Nerses Karamanukyan, Vice President of the Union of Manufacturers and Businessmen of Armenia (UIBA), and Mr. Salem Al Shamsi, Vice President of the Dubai Chambers, held on October 23 at the Armenia Marriott Hotel in Yerevan.

In Yerevan, the 24th international exhibition forum “ARMENIA EXPO 2025” has kicked off.

Around two hundred companies from seven countries are participating in the forum, which opened on September 5 at the Karen Demirchyan Sports and Concert Complex. The exhibition, jointly organized by the Union of Manufacturers and Businessmen of Armenia and the LOGOS EXPO Center, features companies from Armenia, Iran, Russia, China, the UAE, Kazakhstan, and Estonia presenting their products and services.

Armenia–Iraq Business Forum to give new impetus to bilateral economic cooperation

On August 26, following the fourth session of the Joint Intergovernmental Commission on Economic Cooperation between the Republic of Armenia and the Republic of Iraq, held in Yerevan, a number of documents were signed, including a Memorandum of Cooperation between the Union of Manufacturers and Businessmen of Armenia (UMBA) and the Federation of Iraqi Chambers of Commerce.

Free Legal Assistance Provided to 108 Forcibly Displaced Individuals with Support from the Union of Manufacturers and Businessmen of Armenia

With the support of the Union of Manufacturers and Businessmen of Armenia (UMBA), the Armenian Lawyers’ Association (ALA) has provided free legal consultations to 108 forcibly displaced persons within the framework of the “Protection of the Rights of Armenians from Artsakh” program, implemented from February to August 2025.

Working Discussion with the Participation of Manufacturing Companies

On July 22, a working discussion was held at the “Ramada Hotel & Suites by Wyndham Yerevan” organized by the Union of Manufacturers and Businessmen of Armenia (UMBA) and the American Chamber of Commerce in Armenia. Member organizations of the Union and major manufacturing companies were invited to participate.

President Vahagn Khachaturyan received Vice President of the Union of Manufacturers and Businessmen of Armenia Nerses Karamanukyan

President of the Republic Vahagn Khachaturyan received the Vice President of the Union of Manufacturers and Businessmen of Armenia (UMBA), Nerses Karamanukyan.

A Memorial Plaque Honoring Emil Grigoryan Unveiled in Yerevan

On June 25, a solemn ceremony was held at the Yerevan Jewelry Factory to unveil a memorial plaque dedicated to the memory of the factory’s founder and long-time director, businessman, prominent public figure, and philanthropist Emil Grigoryan.

The Role of Artificial Intelligence in Communication Was Discussed

“The Role of Artificial Intelligence in Communication” was the overarching theme of the seminar-meeting organized on June 12 at the Union of Manufacturers and Businessmen of Armenia. The event was attended by marketing, communication, and development professionals from member companies of the Union.

Armenian Alcohol Producers Appeal to State and International Bodies

In recent weeks, the Union of Manufacturers and Businessmen of Armenia has been receiving numerous alerts from companies involved in the production, export, and transportation of alcoholic beverages. These companies have expressed serious concerns and dissatisfaction regarding the current situation at the Armenian-Georgian border.