Doing Business in Armenia

EENI - Business School.

Subject (Course): International Trade and Business in Armenia. Yerevan. Syllabus:

  1. Introduction to the Republic of Armenia.
  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. The European Union-Armenia trade relations.
  9. Access to the Armenian Market
  10. Business Plan for Armenia

Objectives of the subject "Doing Business in Armenia":

  1. To analyze the Armenian economy and foreign trade
  2. To evaluate business opportunities in Armenia
  3. To explore Armenia's trade relations with the student's country
  4. To know Armenia's Free Trade Agreements (FTAs)
  5. To develop a business plan for the Armenian Market
Subject "Doing Business in Armenia" is studied...
  1. Masters: International Business (MIB), Europe
  2. Diploma "Doing Business in Central Eurasia"

Course learning materials in En or Es Armenia

  1. Credits of the subject "Doing Business in Armenia": 1 ECTS/0.5 AC Credits
  2. Duration: 1 week

Armenian Students Վարպետ միջազգային բիզնես

Sample of the subject - Doing Business in Armenia:
Armenia Opportunities

Subject Description: Foreign Trade and Business in Armenia:

The Republic of Armenia.

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

  1. Yerevan is the capital of the Republic of Armenia.
  2. Neighboring countries of Armenia: Georgia, Azerbaijan, Iran, Nakhijevan (Azerbaijan) and Turkey.
  3. The population of Armenia is 3.2 million of people (annual growth rate of 1.4 %).
  4. Area: 29,743 Km²
  5. Ethnically, Armenia is a homogeneous nation with 96% of Armenians.
  6. Armenian is the official language.
  7. Russian is the second language.
  8. The main religion in Armenia is Orthodoxy Christianity (Armenian Apostolic Church)
  9. Independence: 1991 (Soviet Union)

Armenia belongs to the Economic Area of the Orthodox Civilization.

Armenian Economy.

  1. The Republic of Armenia ranks in 36th place in the degree of economic freedom (Heritage Foundation).
  2. Trade Relations between Armenia and the European Union, including foreign trade and economic cooperation, are regulated by the Partnership and Cooperation Agreement (European Neighborhood Policy - Black Sea Synergy).
  3. The main trends of industry are the manufacture of food products (alcoholic beverages and chemical and metallurgy industry).
  4. Agriculture is principally based on 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 are encouraged to invest and are entitled by law to the same treatment as local enterprises.
  7. The Republic of Armenia is exploring the chance of improving its economic relations with Iran.
  8. Armenian Development Agency was created in 1998 by the Government of the Republic of Armenia to make easy foreign direct investments and promote 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 Organization of the Organization 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 Most-Favored-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.

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

Armenia Business

Armenia is a member of:

  1. Organization for Security and Cooperation in Europe (OSCE)
  2. Asian Development Bank (ADB)
  3. Economic Social Commission Asia-Pacific (ESCAP)
  4. Economic Commission for Europe (UNECE)
  5. Organization for Security and Cooperation in Europe
  6. European Investment Bank

Eurasian Economic Union

Community Independent States

Agreement Armenia Kazakhstan
Agreement Armenia Kazakhstan

Eurasian Economic Community

Black Sea Economic Cooperation



EENI Business School