News

Business Community Ready to Engage Constructively in Developing and Implementing Armenia’s Economic Development Strategy

A delegation from the Union of Manufacturers and Businessmen of Armenia participated in the business workshop titled “Enhancing Armenia’s Economic Competitiveness Through Policy and Administrative Improvement”, held in Dilijan on April 18.

Educational Institutions Present Their Academic Programs and Prospects

More than seventy educational institutions from Armenia are participating in the 24th specialized exhibition “Education and Career EXPO 2025,” which opened on April 16 at the Karen Demirchyan Sports and Concert Complex. The exhibition is jointly organized by the Union of Manufacturers and Businessmen of Armenia and LOGOS EXPO Center.

Delegation of the Dubai International Chamber Visits UMBA

On April 10, the Union of Manufacturers and Businessmen of Armenia (UMBA) hosted a delegation from the Dubai International Chamber. As noted by Sumaya Al Shamsi, Director of International Partnerships at the Chamber, the purpose of their mission to Armenia is to explore on-site the areas in which bilateral economic cooperation can be further developed.

Key Issues Related to the Economic Development Strategy Discussed

An in-depth workshop was held on April 4 at the Union of Manufacturers and Businessmen of Armenia (UMBA), aimed at discussing issues related to Armenia’s economic development strategy and identifying the current challenges faced by the business community.

The Minister of Finance of Armenia Discussed Tax Policy Prospects with the Union of IManufacturers and Businessmen of Armenia.

On March 27, Minister of Finance of Armenia Vahe Hovhannisyan met with members of the UMBA.

“The Voice of Business Must Always Be Heard and Considered in the Country’s Economic Policy” – Arsen Ghazaryan

The agenda of the extended meeting of the Board of the Union of Manufacturers and Businessmen of Armenia (UMBA), held on March 21, included the identification, discussion, and collection of issues to be presented by the UMBA at the economic policy workshop scheduled for April, as announced by the Prime Minister of Armenia, Nikol Pashinyan.

The Georgian Business Association Delegation Visited UMBA

On March 20, the representative delegation of the Georgian Business Association, led by Executive Director Levan Vepkhvadze, was hosted at the Union of Manufacturers and Businessmen of Armenia (UMBA).

Tribute Paid to a Great Armenian on Entrepreneurs’ Day

On the occasion of Entrepreneurs’ Day, on March 3d, members of the Union of Manufacturers and Businessmen of Armenia laid a wreath and flowers at the statue of the renowned Armenian philanthropist Alexander Mantashyants, located in the center of Yerevan.

Businessmen and Manufacturers of Armenia, on the Occasion of Entrepreneurs' Day

I sincerely congratulate you on your professional holiday.

The official recognition of March 3 as Entrepreneurs’ Day is clear proof of the significant role the business community plays in the country’s economic development, in addressing numerous social and public challenges, and of the well-deserved appreciation of this contribution by both the state and society.

Discussion on the sanctions effect on the economy and the possibilities of mitigating their negative impact

On February 27, Alexander James, Regional Sanctions Coordinator of the British Embassy in Georgia brought a UK delegation to visit the Union of Manufacturers and Businessmen of Armenia to discuss and learn about the impact of economic sanctions imposed on Russia as a result of the Russian-Ukrainian conflict on the activities of the Armenian business community, and the challenges they have created.