NEWS

Record breaking indicators for Export and Improved Investment index. Business Armenia reported its results.

Business Armenia submitted its activity report of 2018 to the board of trustees. The foundation secured a record breaking 6.8 Billion AMD export contracts, last year. For a single 1 dram spent, 26.4 drams were received. With the support of Business Armenia, 116 Armenian companies participated in 10 international exhibitions, finding major international buyers: 

 

In 2018, the index of (re)investments have also improved: around $21.1 million in contrast with the last year’s 15, and 0 of the proceeding. Business Armenia team has met with nearly 392 potential investors last year for conferences, outreach campaigns, business events etc. signing memorandum of understanding on investment of $350 million, as a result. Among the foreign investors are ATLAS R&D Inc., VHL Developments Inc., Ecotechprom LLC, Maatalouskauppa Online Oy, Arad Agricultural Machinery, New Yida, Arga Eurosteel, Ghalbourjian Group.

“At the end of the year, a new system service called One Window, which has also expanded the scope of Business Armenia's support, was implemented. From now on, the foundation will double its efforts in IT, renewable energy, and other sectors of the economy" stated Armen Avak Avakian, the CEO of Business Armenia Foundation in 2017-2018.

Business Armenia team also provided a support with the organizational works of the events of Francophonie Economic Forum on 10th of October, 2018, and the EAEU biggest annual business event Eurasian Week, on 22-24th of October.

Share:

You may also like