Armenia

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WORK AND HABIT LIFE STYLEBY INTERNATIONAL STANDARDS“Zangezur Copper – Molybdenum Combine” CJSC15, Lernagortsneri Street, Syunik Marz, Kajaran town | 3309 Kajaran, Republic of ArmeniaPhone + Fax: +374 285 33870 | zcmc@arminco.com | zcmc@mail.ru
ContentArmeniaINTRODUCTION• Prime Minister Working to Ensure Positive Change 4• Dynamic Modern Economy at the Crossroads of Europeand Asia 6• Armenia’s Fact File 8• Rich Cultural Heritage 10BUSINESS & INVESTMENT OPPORTUNITIES• Armenian Development Agency Smoothes the Way forInternational Investors 12• AmCham Lobbying for Better Business Environment 13• Development Centre Providing Essential Support forSMEs 14• Developing Stronger Ties with the EU 15• Exceptional Attractions for Foreign Investors 16CITY OF YEREVAN• Yerevan’s Mayor Highlights City’s Investment Appeal 19• Deputy Prime Minister Encourages Public-PrivatePartnerships 20• Yerevan: Ideal Business Base 21INTERNATIONAL FINANCIAL INSTITUTIONS• Bringing Armenia Closer to the EU 23• World Bank Supports Armenia, an Important Linkbetween EU and Asia 24• International Support for Armenia’s DevelopingEconomy 25FINANCE & INSURANCE• Ministry of Finance Helping to Foster Knowledge-BasedEconomy 27• Central Bank Ensures World-Class Standards 28• Financial Sector Meeting International Standards 29• ACBA Crédit Agricole 32• Ardshininvestbank 33• Rosgosstrakh Armenia 34ENERGY & NATURAL RESOURCES• Energy Sector Offers Outstanding DevelopmentPotential 36• Zangezur Copper Molybdenum Combine CJSC 38• Mining Sector Attracting Major Investments 39• Deno Gold Mining Company 41• Energy Sector Achieving Sustainability andInternational Standards 42• Armenia Renewable Resources and Energy EfficiencyFund 44TRADE & INDUSTRY• Ministry of Economy Aims to Attract InternationalInvestment to Armenia 46• Stepping Up Exports of Diverse Range of Products 47• Muran & Megna 49• Regional Silicon Valley 50• Nairit 52CONSTRUCTION & INFRASTRUCTURE• Urban Development Ministry Building Tomorrow’sArmenia 55• Long Tradition of Innovative Construction 56TRANSPORT & COMMUNICATIONS• Ensuring Top Quality Infrastructure for Transport 60• TV and Radio Broadcasting Network of Armenia 61• Key Transport and Telecom Hub 62AGRICULTURE• Agriculture Main Driver of Armenian Economy 65• Agriculture Playing a Key Role in Armenia’sDevelopment 66• Yerevan Brandy Company 68HEALTH• Ministry of Health Spearheading Healthcare Reforms 70• Impressive Progress in Healthcare and Pharmaceuticals 71TOURISM• Spectacular Attractions for International Visitors 74• Hertz 77• Golden Tulip Yerevan and Best Western Congress Hotel 78Director: Lieve LuytenOffice Manager: Samira DarghalRegional Manager: Alina ShtutmanProject Managers: Sarah Scotch, Aga BrzyckaEditorial: Emily Emerson-Le MoingProduction Coordinator: Kathleen JansenDesign: Martine Vandervoort, Carine Thaens,Johny Verstegen, Walter Vranken, Dirk Van BunPictures Courtesy of: Armenian TourismDevelopment Agency, Photolure News Agency,Photographer Eric Stephanian, Sxc.hu,Dreamstime.comThe European Times90 Vasall Road, London SW9 6JAUnited KingdomPhone: +44 (0)208 371 2356Fax: +44 (0)208 371 2410info@european-times.comwww.european-times.comThe European Times is a trading name of United InternationalPress LtdThis guide is protected by copyright. All rights reserved. Thispublication, or any part thereof, may not be reproduced,stored electronically or transmitted in any form, without theprior written permission of European Times.Every effort has been made to ensure informationcontained in this publication is correct and up-to-date.The authors and publisher accept no responsibility for anyerrors it may contain, or for any loss, financial or otherwise,sustained by any person using this publication.3
Page 1: ARMENIA
Page 5: Introductionlong run this strategy
Page 8 and 9: ARMENIAArmenia’s Fact FileCountry
Page 10 and 11: ARMENIARich Cultural HeritageArmeni
Page 12 and 13: ARMENIAArmenian Development Agency
Page 14 and 15: ARMENIADevelopment Centre Providing
Page 16 and 17: ARMENIAExceptional Attractions forF
Page 18 and 19: • Yerevan’s Mayor Highlights Ci
Page 20 and 21: ARMENIADeputy Prime MinisterEncoura
Page 22 and 23: • Bringing Armenia Closer to the
Page 24 and 25: ARMENIAWorld Bank Supports Armenia,
Page 26 and 27: • Central Bank Ensures World-Clas
Page 28 and 29: ARMENIACentral Bank Ensures World-C
Page 30 and 31: ARMENIAbank recently implemented cu
Page 32 and 33: ARMENIAACBA Crédit AgricoleDynamic
Page 34 and 35: ARMENIARosgosstrakh ArmeniaDynamic
Page 36 and 37: ARMENIAEnergy Sector Offers Outstan
Page 38 and 39: ARMENIAZangezur Copper Molybdenum C
Page 40 and 41: ARMENIAGold, a Russian investment);
Page 42 and 43: ARMENIAEnergy Sector AchievingSusta
Page 44 and 45: ARMENIAArmenia Renewable Resources
Page 46 and 47: ARMENIAMinistry of Economy Aims to
Page 48 and 49: ARMENIADiamond IndustryUN trade con
Page 50 and 51: ARMENIARegional Silicon ValleyArmen
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ARMENIANairitWell-known Rubber Prod
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• Urban Development Ministry Buil
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ARMENIALong Tradition of Innovative
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ARMENIAtunities for local and forei
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ARMENIAEnsuring Top Quality Infrast
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Key Transport and Telecom HubArmeni
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• Agriculture Main Driver of Arme
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ARMENIAAgriculture Playing a Key Ro
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ARMENIAYerevan Brandy CompanyThe Ho
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ARMENIAMinistry of Health Spearhead
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ARMENIA“Quality Assurance” prog
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ARMENIASpectacular Attractions forI
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ARMENIAnumber of visitors coming fr
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ARMENIAGolden Tulip Yerevan and Bes
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The abuse of alcohol and other into
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Armenia

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