News

Danish Industry Association Delegation Visits Armenia on a Study Tour

As part of the established cooperation between the Union of Manufacturers and Businessmen of Armenia (UMBA) and the Confederation of Danish Industry (DI), on February 26, UMBA hosted Peter Helk, a senior leading advisor at DI.

UMBA Participated in the Copenhagen Regional Meeting

On January 30-31, Nerses Karamanukyan, Vice President of the Union of Manufacturers and Businessmen of Armenia (UMBA), participated in the Regional Meeting initiated by the Confederation of Danish Industries in Copenhagen. Delegations from the Federation of Employers of Ukraine, the National Confederation of Employers of Moldova, and the Business Association of Georgia were also invited to the event.

“Business is ready and determined to undertake the heavy mission of being the economic creator.” – Arsen Ghazaryan

New Year's message from Arsen Ghazaryan, President of the Union of Manufacturers and Businessmen of Armenia Dear compatriots, esteemed colleagues, It is time to summarize the past year—what was done and left undone, the achievements made, and to outline the tasks for the future. The passing year, 2024, was not an easy one, whether in

Deputy Prime Minister Tigran Khachatryan Meets with Members of the UMBA Presidency

On December 25, Deputy Prime Minister Tigran Khachatryan met with representatives of the presidency of the Union of Manufacturers and Businessmen of Armenia. Congratulating UMBA President Arsen Ghazaryan and the presidency members on their re-election, the Deputy Prime Minister highly valued the constructive dialogue established with the Union in recent years, particularly in identifying and

“The IT sector is one of the key areas intended to drive the economy,” Arsen Ghazaryan.

"Almost 10 years ago, when the high-tech and IT sector in Armenia began to show certain activity, we decided to establish a sectoral structure to unite capable entrepreneurs specialized in this field, protect their interests, develop programs, and engage in constructive dialogue with the state," said Arsen Ghazaryan, President of the UMBA of Armenia, during

Arsen Ghazaryan Re-elected as President of the Union of Manufacturers and Businessmen of Armenia

During the 9th regular assembly of the Union of Manufacturers and Businessmen of Armenia (UMBA), Arsen Ghazaryan was unanimously re-elected as the President of the Union. Expressing gratitude for the trust, the UMBA President called on his colleagues to actively pursue the protection of business interests, foster a favorable environment for economic activities, participate in

Issues Related to Nationally Determined Contributions under the Paris Agreement Were Discussed

A webinar dedicated to Nationally Determined Contributions (NDCs) under the Paris Agreement was organized on November 28. The event was initiated by the Union of Manufacturers and Businessmen of Armenia in collaboration with its partner, the Confederation of Danish Industry. The Republic of Armenia ratified the United Nations Framework Convention on Climate Change in 1993

“The purpose of business is to help strengthen the foundations of statehood in the economic sector,” stated the President of the Union of Manufacturers and Businessmen of Armenia (UMBA)

The agenda of the UMBA’s extended council meeting on November 15 included the discussion of a state support program for commercial companies engaged in the production of economically complex goods in Armenia. "Often, support programs developed and implemented by the state are not fully utilized because beneficiaries do not fully understand what assistance is being

The topics on deepening Armenian-Egyptian economic relations were discussed

On October 24, the Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to Armenia, Serenade Soliman Gamil, hosted a delegation from the Union of Manufacturers and Businessmen of Armenia (UMBA). UMBA currently chairs the Business Council of the Organization of the Black Sea Economic Cooperation (BSEC), and the participants presented the ambassador with

FOR THE 22ND TIME, THE ARMPROD EXPO 2024 INTERNATIONAL SPECIALIZED EXHIBITION HAS OPENED ITS DOORS

On October 18, at the Karen Demirchyan Sports and Concert Complex in Yerevan, the ArmProd EXPO 2024 international specialized exhibition opened for the 22nd time, bringing together over 100 companies from Armenia, Russia, Germany, and Estonia. "For 22 years, the Union of Manufacturers and Businessmen of Armenia, together with Logos Expo Center, has been gathering