Business in Armenia, Yerevan

EENI Business School & HA University



Syllabus of the Subject: Foreign Trade and Business in Armenia. Yerevan (Course, Master).

  1. Introduction to the Republic of Armenia (Europe)
  2. Armenian Economy
  3. International Trade of Armenia
  4. Foreign Direct Investment (FDI) in Armenia
  5. Economic Profile of the Armenian regions (Marzes)
  6. Doing Business in Yerevan
  7. Business Opportunities in Armenia
  8. European Union-Armenia trade relations
  9. Access to the Armenian Market
  10. Business Plan for Armenia

The objectives of the Subject “Foreign Trade and Business in Armenia” are the following:

  1. To analyse the Armenian economy and foreign trade
  2. To know the business opportunities in Armenia
  3. To explore the Armenian trade relations with the country of the student
  4. To know the Armenian Free Trade Agreements
  5. To develop a business plan for the Armenian Market

The Subject “Doing Business in Armenia” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Courses: Business in Eastern Europe, Central Eurasia
  2. Doctorates: European Business, Global Trade
  3. Masters: Business in Europe, International Business, Foreign Trade

Online Student (Master International Business)

The course materials are available in Master in International Business in English or Study Master Doctorate Business in Spanish Armenia Masters Foreign Trade in Portuguese Arménia Study, Master in International Business in French Armenie

  1. Credits of the Subject “Foreign Trade and Business in Armenia”: 1 ECTS Credits
  2. Duration: one week

Armenia, Master Doctorate Business Armenian Students Վարպետ միջազգային բիզնես

Example of the Online Subject - Doing Business in Armenia:
e-Course: Foreign trade and Doing Business in Armenia





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Online Subject: Foreign Trade and Business in Armenia

The Republic of Armenia is situated in the Southern Caucasus at the crossroads of Europe and Central Asia.

  1. Yerevan is the capital of the Republic of Armenia
  2. The neighbouring countries of Armenia are Georgia, Azerbaijan, Iran, Nakhijevan (Azerbaijan), and Turkey
  3. The population of Armenia is 3.2 million people (annual growth rate of 1.4%)
  4. Armenian area: 29,743 square kilometres
  5. Ethnically, Armenia is a homogeneous nation with 96% of Armenians
  6. Armenian is the official language
    1. Russian is the second language
  7. Independence of Armenia: 1991 (Soviet Union)

Main religion in Armenia: Orthodoxy Christianity (Armenian Apostolic Church)

Armenia belongs to the Orthodox Economic Area.

Armenian Economy.

  1. The Republic of Armenia ranks in 36th place in economic freedom (Heritage Foundation)
  2. Trade Relations between Armenia and the European Union, including the foreign trade and economic cooperation, are regulated by the Partnership and Cooperation Agreement (European Neighbourhood Policy - Black Sea Synergy)
  3. Main production: food products (alcoholic beverages, chemical and metallurgy industry)
  4. Agriculture is principally based on the animal husbandry and plant growing
  5. Foreign direct investment and international trade policies of the Republic of Armenia are considered to be the most open in the Commonwealth of Independent States (CIS)
  6. Foreign companies in Armenia are encouraged to invest and are entitled by law to the same treatment as local enterprises
  7. The Republic of Armenia is exploring its economic relations with Iran
  8. The Armenian Development Agency was created in 1998 by the Government of the Republic of Armenia to facilitate the foreign direct investments and promote the exports

Trade Agreements and Preferential Access of Armenia

The Republic of Armenia, Albania, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, the Russian Federation, Serbia, Turkey, and Ukraine, are members of the Organisation of the Black Sea Economic Cooperation. Armenia is also a member of the Commonwealth of Independent States (CIS).

The Republic of Armenia has free trade regimes with Belarus, Georgia, Moldova, Kazakhstan, the Russian Federation, Ukraine, Uzbekistan, Tajikistan, and the Kyrgyz Republic.

Armenia has a Most-favoured-Nation Trade Regime with Argentina, Bulgaria, Canada, the People's Republic of China, Cyprus, the European Union (EU), Iran, India, Hungary, Lebanon, Poland, Romania, Syria, Switzerland, Vietnam, and the United States.

European Union Eastern Partnership

  1. Commonwealth of Independent States (CIS) - Free-Trade Area (CISFTA)
  2. Eurasian Economic Union (EEU)
  3. European Union:
    1. Armenia is a beneficiary of the Generalised System of Preferences
    2. EU Eastern Partnership
    3. European Union-South Caucasus
    4. Black Sea Synergy
  4. Black Sea Economic Cooperation (BSEC)
  5. Free Trade Agreements (FTA) with Georgia, Russia, Kyrgyzstan, Moldova, Ukraine, Iran, Turkmenistan, Tajikistan, and Kazakhstan
  6. Eurasian Economic Community (EurAsEC) (Observer)

Master Course: Business in Armenia

Armenia is a member of:

  1. Organisation for Security and Cooperation in Europe (OSCE)
  2. Asian Development Bank (ADB)
  3. Economic and Social Commission for Asia and the Pacific (ESCAP)
  4. Economic Commission for Europe (UNECE)
  5. European Investment Bank
  6. International Rail Transport Committee (CIT)
  7. Customs Convention on Containers (CCC)
  8. Intergovernmental Organisation for International Carriage by Rail (OTIF)

Samples - Business in Armenia

Eurasian Economic Union (Master Doctorate)

Community of Independent States CIS, Course

Armenia-Kazakhstan Free Trade Agreement (Course Master)

Eurasian Economic Community (EurAsEC), e-Course

Black Sea Economic Cooperation (BSEC) Course



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