RA CCI – Municipality of Yerevan

RA CCI – Municipality of Yerevan

The community of Yerevan is the pulse of the Republic and the business. And, in that respect Chamber of Commerce and Industry of the Republic of Armenia particularly stresses collaboration with the Municipality. Creation of workplaces, development of domestic production, support to the expansion of export and foreign trade are included in the important agenda for the two structures.

For this purpose the President of RA Chamber of Commerce and Industry Mr. Martin Sargsyan and Mayor of Yerevan Mr. Taron Margaryan signed an agreement on February 21 which creates a major opportunity to develop and strengthen collaboration in all the sectors of mutual interest and benefit.

“Today the Municipality of Yerevan implements measurable reforms aimed at improvement of the city economic management which is considered also within the framework of mutual beneficial cooperation improvement between the Municipality of Yerevan and private sector. By the way a number of successful projects realized are already available in this direction. Accordingly, I am confident that the cooperation established between the Municipality of Yerevan and Chamber of Commerce and Industry will be productive especially in the framework of development and implementation of investment and business projects and will contribute to the harmonious development of the capital” , – the Mayor stressed.

Expressing his gratitude for the warm reception, the President of RA Chamber of Commerce and Industry, Member of National Assembly Mr. Martin Sargsyan praised the environment of the constructive partnership existing in the relationship of the Municipality of Yerevan and RA Chamber of Commerce and Industry: “The Municipality of Yerevan is really reliable partner in which we have ascertained constantly. I assure You, Mr. Mayor, that we will do our best for establishing mutually beneficial cooperation both with Armenian and foreign business circles. I am confident that the Agreement to be signed will also contribute that the cooperation between the Municipality of Yerevan and business circles will have development of mutually beneficial”, – noted Mr. Martin Sargsyan.

The Agreement covers the following directions

  • Development and implementation of investment and business projects in Yerevan
  • Development of small and medium enterprise in Yerevan, promotion of domestic production
  • Right protection of business entities, creation of information database
  • Urban construction
  • Trade and services
  • Healthcare
  • Creation of workplaces
  • Development of transport and other infrastructure
  • Tourism and service
  • Other directions and areas

The main issues of cooperation are initiated by the Agreement

  • Support to the comprehensive and harmonious development of all forms of entrepreneurship
  • Contribution of the formation of favorable environment for the entrepreneurial activity
  • Equal development of administrative regions of Yerevan

There are appointed representatives for ensuring the coordination of the activities coming from the Agreement and the effectiveness of cooperation (the representative of the Municipality of Yerevan is the Head of the department of development and investment projects of the Municipality Staff and the representative of RA Chamber of Commerce and Industry is the President of the Investment Commission of the Chamber).

Life and time are always putting forward new problems and naturally they also will be included in the frameworks of the project, in particular Armenia’s accession to the Custom’s Union, other factors and challenges as well.

The parties will periodically sum up the performance of the functions coming from the Agreement not less than once a month.


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