News

06/06/2023

On May 25, an Armenian-Georgian business women's forum was held in the Technopark building of Tbilisi. 14 companies from Armenia and more than 20 companies from different regions of Georgia participated in the forum. Lilia Gevorgyan, Advisor to the President of the Chamber of Commerce and Industry of the Republic of Armenia, President of the Foundation for the Support of Business Women, delivered a welcome speech from Armenia. Presentations of women entrepreneurs' companies and services were presented on both sides.

A small exhibition was also organized within the framework of the forum, where the participants had the opportunity to present their products.

During the B2B, the participants of the Armenian-Georgian forum exchanged contacts, and preliminary arrangements were made regarding the holding of upcoming events in the fall of this year.

26/05/2023

On May 26, the regular session of the RA Chamber of Commerce and Industry presidency was held with a multi-topic agenda.

At the beginning of the session, the President of the Chamber, Martin Sargsyan, suggested a minute of silence to honor the memory of Rubik Sargsyan, the president of the Aragatsotn Regional Chamber, a highly-earned scientist and a wonderful friend, who has an indelible contribution to the establishment and development of the system.

Then Mr. Sargsyan presented a number of agenda items, some of which were prioritized in the agenda. He particularly emphasized the activation and integration of the activities of the regional chambers, as regards the issues on the agenda of the session.

As such an important factor, Andranik Aleksanyan, executive director of the RA Chember of Commerce and Industry of the RA, specified the use of the international ''Ata carnet'' system for the temporary import of goods, which will provide an opportunity to avoid customs problems during the organization of exhibitions.Due to this, the businessman can temporarily export any amount of goods without customs arbitrariness to the country of his choice, on the condition that it will be returned to the previous address in the same way. In case of violations, the Chamber of Commerce and Industry will bear the responsibility.Therefore, it is necessary to ensure a reliable partnership while cooperating with insurance companies. It was noted that the temporary export applies to all countries, the chamber will inform all its members about the details.

Mr. Aleksanyan also informed that within the framework of the Generalized System of Privileges, the GSP+ program Armenia-USA, the American side has planned to grant export privileges to Armenian businessmen for about 3500 names of products under certain conditions. In the near future, there will be necessary clarifications and adjustment of details, there will also be an opportunity to use leasing in the field of the latest technologies.

The executive director of the chamber also presented the benefits of using the EACarea.com electronic platform, which will contribute to the integration of regional chambers in particular. Artak Yeghiazaryan, the website's founder, gave important details about that issue. All the necessary functions are included in the website, the products will be registered, and all the technical conditions are there to fully demonstrate this. It has an important advantage: a businessman can deal directly with a potential partner and solve problems promptly. An important circumstance was also mentioned: the product page should have the logo of the Chember of Commerce and Industry of RA  , so that the businessman knows that the given businessman is a reliable partner. The President of the Chember of Commerce and Industry of the RA  added that this platform can also serve Diaspora businessmen, increasing business connections and geography.

Vladimir Amiryan, operational director of the Chember of Commerce and Industry of RA, summarized the European programs, expressing satisfaction with the successful monitoring cooperation, especially in the food and textile sector. The Chamber has successfully cooperated with many business-related associations.

At the end of the session, Martin Sargsyan, the President of the RA Chamber of Commerce and Industry, particularly emphasized the promotion of the activities of regional chambers and the development of intra-regional economic ties.

24/02/2023

On February 21, the Freedom of Information Center together with the RA Chamber of Commerce and Industry organized a meeting and discussion on the topic of declaration of real beneficiaries. In 2023 from January 1, all RA legal entities are obliged to identify and declare their real beneficiaries. The deadline for submitting the statement is March 1. Administrative and criminal liability is established for failure to submit the declaration and improper submission.

 

The purpose of the meeting was to give the representatives of small and medium businesses an opportunity to jointly discuss the issues related to the declaration of real beneficiaries.

 

"The process is new, there are various problems, and we, as a structure protecting the interests of the business community, value this meeting from the point of view of mapping the problems related to the declaration process from the business side and developing joint options for their solution," said the executive director of the RA Chamber of Commerce and Industry in his speech. Andranik Aleksanyan.

 

In the first part of the meeting, IAC researcher Harutyun Tsatryan presented the results of the research project on "Impact of declaration of beneficial owners on the private sector" carried out with the support of the Center for International Private Entrepreneurship (CIPE).

 

In the second part of the meeting, the participants had the opportunity to address their concerns to Hripsime Iskandaryan, the representative of the authorized body implementing the declaration process, the agency of the State Register of Legal Entities of the RA Ministry of Justice.

 

Ms. Iskandaryan presented the stages of the declaration procedure, suggested where to find guidance materials related to the topic, answered the questions of the attendees.

 

Answers to the main questions related to the declaration can be found in the relevant section of the official website of the State Register. You can get acquainted with the procedure of declaration also through video-guides specially prepared for that purpose.

20/02/2023

The official visit of the Armenian delegation to the UAE took place on February 7-9, 2023. The initiative to organize the visit belonged to the RA Chamber of Commerce and Industry. The head of the delegation was Lilia Gevorgyan, adviser to the president of the Chamber of Commerce and Industry of Armenia, president of the Armenian Business Women Support Fund. Within the framework of the business visit, the members of the delegation participated in the Denta-2023 annual international exhibition in Dubai, and an official reception was held at the Emirates Chamber of Commerce Federation. The delegation was represented by entrepreneurs in the medical field (dentistry and private laboratories) as well as women entrepreneurs who run business sectors such as food production and export, leather goods manufacturing, design, health tourism and legal consulting services. Armenian entrepreneurs managed to establish new business contacts, conduct negotiations, receive invitations to new business events in Dubai, exchange experience.

13/02/2023

On February 10, an extraordinary remote meeting of the Advisory Council of Chambers of Commerce and Industry of EAEU member states took place. On the agenda are the results of the discussion of the upcoming financing support for production cooperation within the framework of the EAEU and cooperation support of the EAEU chambers.
were questions about the creation of the Project Office of funding.
Welcoming the participants and appreciating the importance of the extraordinary session, the President of the RA Chamber of Commerce and Industry, Chairman of the Council of Heads of EAEU Chambers of Commerce and Industry
Martin Sargsyan welcomed the initiative of the Russian side in proposing and developing sustainable sources of financing cooperative projects in the industry. He highly appreciated the initiative of the Chamber of Commerce and Industry of the Russian Federation to determine the approaches and standards of financial cooperation at the expense of EAEU budget funds to the mentioned problem in the integration projects of cooperation. Mr. Sargsyan emphasized at the same time. "As before, we consider everyone necessary today
unification and cooperation of trade and industry chambers, including separate structures of EAEU, to improve the conditions of industrial cooperation, joint ventures
creation, as well as in the direction of the participation of national events in integration projects".
Mr. Sargsyan expressed his belief that only large businesses will actually be allowed to participate in the projects to be implemented according to the presented standards. He fully justified his proposal.
"At the same time, I must emphasize our proposal on approaches and standards, in particular, to the extent that it is appropriate for the RA State Chamber of Commerce and Industry to lobby the interests of small and medium-sized enterprises, in our opinion, there is a need to review the detailed approach and priority financing conditions, especially for medium-sized manufacturing businesses, which We proposed a number of criteria for the selection of financial cooperation projects of the Eurasian Economic Commission and the Russian Chamber of Commerce and Industry.
the possibility of replacing".
Martin Sargsyan, the President of the RA Chamber of Commerce and Industry, justified his recommendation that the participation threshold of 0.5 billion - 20 billion rubles will not contribute to the development of medium-sized businesses in particular, and it should be lowered.
up to 50 million rubles. It is gratifying that two of the three points proposed by Mr. Sargsyan were accepted and should be submitted to the Eurasian Economic Commission for revision.
The meeting did not accept the issue of establishing a project office for financing the cooperation of EAEU chambers, and it was decided to work in a group format, which is more efficient and simplified.
Mr. Sargsyan suggested to the EAEU member countries' HCMCs to continue the regular exchange of information, collection and analysis of information more effectively, which is an important factor of rapprochement and exchange of advanced experience. He assured that the RA Chamber of Commerce and Industry is always ready to participate and support any programs that will serve to create new jobs, bring businessmen together and establish prosperity.
It was decided to convene the next session on June 7-9, 2023.

30/11/2022

On November 29 of this year, Andranik Aleksanyan, the executive director of the RA Chamber of Commerce and Industry, received New Zealand's Ambassador Extraordinary and Plenipotentiary to Armenia, Sarah Walsh. Mr. Aleksanyan congratulated the ambassador on assuming the post and expressed his willingness to support New Zealand organizations in carrying out any type of business activity in Armenia. Highlighting the activation of economic ties between the two countries, the ambassador noted that there is already interest from some companies to enter the Armenian market. The parties particularly discussed cooperation in the fields of mining, food and beverage, agriculture, greenhouses, and solar energy. An agreement was reached to continue the cooperation in a working order in the future, as well as to initiate the signing of a memorandum of cooperation between the Chambers of Commerce and Industry of the two countries.

29/11/2022
Ambassador Extraordinary and Plenipotentiary of the Republic of Ecuador to Armenia Juan Fernandez Holguin Florence and Honorary Consul Vahe Darbinyan visited the RA Chamber of Commerce and Industry on November 28. It was noted that Ecuador is an agricultural country with a population of 17 million. The main crops are adamatuz (the first in the world in terms of export), coffee, cocoa, rice, grain plants, vegetables, sugar cane, cotton, etc. are also cultivated. They are also engaged in animal husbandry and fishing. Especially oil is extracted, but also copper, lead, gold, silver, zinc. There are also food and textile industries. "Although Ecuador and Armenia have many types of export and import products, today the trade turnover is at a very low level. The problem is especially logistical difficulties, mutual recognition, creation of an information base and effective use of cooperation potential," said Andranik Aleksanyan, executive director of the RA Chamber of Commerce and Industry. "We mainly export bananas and flowers to Armenia, and the Ecuadorian market needs many products from Armenia," said Ambassador Juan Fernandez Holguin Florence. Both sides expressed the idea that in order to increase the trade turnover, it is necessary to go to third countries through Armenia and implement joint projects. As a starting step, Mr. Aleksanyan emphasized the signing of a memorandum of cooperation between the two chambers as a program guide.
05/10/2022
🇦🇲 🇧🇯 On September 28 of this year, a remote meeting between the President of the Chamber of Commerce and Industry of the RA Martin Sargsyan and the President of the Chamber of Commerce and Industry of the Republic of Benin Arnold Akakpo took place.
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📑 During the meeting with the Ambassador of the Republic of Benin at the RA Chamber of Commerce and Industry, an agreement was reached to activate bilateral economic relations.
Within the framework of the agreement, a meeting of the presidents of the Chambers of Commerce and Industry of Armenia and Benin took place, during which possible areas and perspectives were discussed.
📄 Presidents Martin Sargsyan and Arnold Akakpo signed a memorandum of cooperation.
21/09/2022

On June 30, the Chamber of Commerce and Industry of RA hosted the newly appointed Ambassador of the Republic of Benin, Akambi Andre Okunlola-Biau.

Andranik Aleksanyan, executive director of  the Chamber of Commerce and Industry RA, congratulated Ambassador Okunlola-Biau on his assumption of office.

  • Issues related to the activation of bilateral trade and economic relations were discussed.
  • On the initiative of the ambassador, a memorandum of understanding will be signed between the chambers of the two countries in the near future.
21/09/2022
On August 29 of this year, the RA Chamber of Commerce and Industry hosted the Deputy Minister of the RA Ministry of Economy, Armen Arzumanyan.
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📑 Karen Martirosyan, co-founder of the Association of Experts of Export Armenia, was also present at the meeting. The parties discussed the prospects of intensifying interaction between the Ministry and the Chamber, particularly in the context of the establishment and development of the Institute of Economic Diplomacy.
📄 An agreement was reached to hold a joint event in the near future, involving a wider range of beneficiaries.
18/05/2022

 On April 26, the Chamber of Commerce and Industry of the Republic of Armenia organized a round-table discussion for young businessmen of Shirak marz entitled "Problems among young businessmen" in the Gyumri Youth Chamber. At the beginning of the meeting, the operational director of the Chamber, Vladimir Amiryan, presented the purpose and agenda of the meeting, emphasizing that young businessmen are one of the main driving forces of economic life, and that the problems of young businessmen are always on the agenda of the Chamber. Luiza Ayvazyan, the Armenian representative of the International Private Entrepreneurship Center, presented the activities of the organization in the world and in Armenia. Chamber program coordinator Edgar Mehrabyan presented "Young entrepreneurship in Armenia. International experience and perspectives" presentation.

Each of the participants presented problems related to their business, which were mainly related to:

  • Small size of the Armenian market
  • Lack of qualified specialists (both higher and secondary professional).
  • Insufficient support and ineffective dialogue for local government businesses
  • Lack of knowledge and skills
  • Sourcing and logistics
  • Territorial proportional development and planning
  • Risks arising from currency fluctuations
  • With legislative gaps in a number of areas
    At the end of the meeting, Mr. Amiryan once again thanked the attendees for the active discussion and assured that the Chamber will present the issues raised on the appropriate platforms of the state-private sector dialogue.
10/05/2022

On April 7, the Ambassador Extraordinary and Plenipotentiary of the Dominican Republic to Armenia Hans Dannenberg Castellanos (residence: Moscow) visited the Chamber of Commerce and Industry of RA. He was received by Chamber Executive Director Andranik Aleksanyan and Operations Director Vladimir Amiryan. The ambassador presented the level of economic development of the Dominican Republic and possible areas of cooperation.

The Dominican Republic is a subtropical Caribbean country with a population of around 10 million. Agriculture was particularly developed in the past. At present, with the development of the free economic zone, the industry already dominates. The country has reserves of nickel, silver, bauxite, gold, and iron. It has 7 international airports and other export and import infrastructures.

Speaking about the prospect of development of cooperation with Armenia, the ambassador first highlighted the need to create a direct flight. He noted that although the Dominican Republic is the country that imports the most wines in the region, they still want to import high-quality Armenian wine and brandy.

As the first important step of cooperation, Andranik Aleksanyan mentioned the signing of a memorandum between the Chamber of Commerce and Industry of the two countries, recording the priorities.

And as a second important step, Vladimir Amiryan added the factor of having a Dominican Republic consul in Armenia.

The ambassador expressed hope that the mentioned problems will be solved in the near future at the next meeting.

 

10/05/2022

On March 30, the RA Chamber of Commerce and Industry together with the "Export Armenia" Association of Experts organized a round-table discussion under the title "Export Possibilities in Current Conditions".

 

Andranik Aleksanyan, executive director of the RA Chamber, made a speech of welcome, urging a constructive discussion in order to clarify the existing problems and challenges in the export sector.

 

Vladimir Amiryan, operational director of the chamber, presented the agenda in the opening speech and noted that the purpose of the meeting is to form clear recommendations as a result of the discussion, which will contribute to the growth of exports in the long term. Karen Martirosyan, co-founder of the "Export Armenia" Association of Experts, also stated in her speech that there are many problems in the sector. which should be brought out as a result of similar discussions and receive appropriate solutions. Edgar Mehrabyan, program coordinator of the RA Chamber of Commerce and Industry, presented the structure of RA exports and the main export directions. About 25 exporters and sector experts participated in the discussion, who expressed their concerns about the existing problems in the export sector and their suggestions for their solution. In particular, logistics problems, export professional structure, certification, economic diplomacy, correct targeting of target markets, definition of strategic priorities, to the issues of proper presentation and branding of Armenian products. As a result of further discussions with the expert and business community, the RA Chamber of Commerce and Industry will form a package of relevant recommendations to present to the public and private sectors. Meetings with such a format will be continuous, including the regions of the Republic of Armenia.