Memorandum of understanding between the UMBA and the Investment Council of Armenia

The Union of Manufacturers and Businessmen of Armenia has signed a memorandum of understanding with the Investment Council of Armenia.

With the memorandum, the parties expressed their willingness to cooperate on improvement of the investment environment in Armenia, as well as on issues related to the improvement and development of legislation regulating investments, entrepreneur and business activities.

Based on the long-term experience of the successful cooperation within the SME Development Council, it is expected that effective cooperation will also be registered in the near future.

The memorandum of understanding was signed on November 18th by Eduard Kirakosyan, director of the Union of Manufacturers and Businessmen of Armenia, and Hovsep Patvakanyan, head of the RA Investment Council.

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