Business Support Institutions
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Armenian Development Agency
Armenian Development Agency General Director: Robert Harutyunyan Address: 5 Mher Mkrtchyan st., 9th foor, 0010, Yerevan, Armenia Phone: (374-10) 570170/111 Fax: (374 10) 570170/207 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
The Armenian Development Agency (ADA) was established in 1998 to facilitate foreign direct investments and promote exports. ADA acts as a “one-stop shop” agency for investors, assisting them in setting up their business in Armenia, helping in project implementation, coordinating with the Government, providing information on local investment opportunities, and advising on the investment-related legal and regulatory framework. ADA is also responsible for export promotion, and assists companies in fnding markets for products. In addition it undertakes market studies and seeks out partners for joint ventures aimed at increasing the volume of exports and development of Armenian enterprises. Moreover ADA organizes international conferences, business-forums, trade fairs and exhibitions. ADA is governed by its Board, the chairman of which is the Prime Minister of Armenia. ADA’s Board includes the Chief Economic Adviser to the President; the Ministers of Finance, Economy and Foreign Affairs; the General Director of ADA; and Presidents/Directors of several private companies. Specifcally, ADA provides the following services: • Providing quality information: Preparation of tailored information packages corresponding to the needs of foreign investors • Organizing site visits: Planning the side visits and preparation for visits of foreign investors, arranging appointments with both private and public organizations, and managing site visits. • Brokering business partnerships: Helping fnd appropriate business partners in Armenia. • Follow-up support: managing post-visit support, preparation of additional information and documentation. • Investment project implementation: Assisting with company registration and staff recruitment (job announcements & holding interviews). • Liaising with government institutions. |
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Small and Medium Entrepreneurship Development National Center” Fund of Armenia
“Small and Medium Entrepreneurship Development National Center” Fund of Armenia Executive Director: Varazdat Karapetyan Address: 5a Mher Mkrtchyan, 0010, Yerevan, Armenia Phone: (374 10) 541648, 563714, 583261 Fax: (374 10) 541642 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
The Small and Medium Entrepreneurship Development National Center (SME DNC) provides state support to small and medium entrepreneurship in the country. SME DNC carries out its activities through a network of regional branches and representative offces covering all marzes (regions) of Armenia. SME DNC’s duties are to: • Ensure effective dialogue between SMEs and the government • Increase effciency and competitiveness of SMEs • Ensure availability of business development services for SMEs • Expand access to fnance for SMEs • Promote innovations and R&D activities of SMEs • Assist establishment of new SMEs • Support internationalization of SME activities. SME DNC is also a member of the Enterprise Europe Network. The Enterprise Europe network serves as a “one-stop shop” for SMEs, providing free information and practical advice on market opportunities and on EU-relevant legislative and regulatory requirements for export purposes. The Enterprise Europe Network helps SMEs to fnd suitable business partners using its business and technology cooperation database, provides information on tender opportunities and supports international networking.SME DNC is governed by a Board of Trustees headed by the Minister of Economy. Members of the Board of Trustees include the Deputy Ministers of Economy , Finance and Agriculture, President of Union of Entrepreneurs of Armenia, the Head of Expertise and Analysis Department of the Government, the Head of the “Armenian Entrepreneurship Small and Medium Entrepreneurship Association”, the Executive Director of the Union of Business Support Organizations, the Deputy President of Union of Manufactures and Businessmen (Employers) of Armenia, the Executive Director of the Union of Banks, and the Executive Director of the Union of Information Technology. |
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Industrial Council
Industry Policy Department of the Ministry of Economy of the Republic of Armenia Head of the department: Hayk Mirzoyan Address: 5 Mher Mkrtchyan, 0010, Yerevan, Armenia Phone: (374 10) 593175 Fax: (374 10) 526577 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.mineconomy.am |
The Industrial Council was established to serve as the supreme coordinating body for the coordination of Armenia’s industrial policy, and coordinate the operation of other relevant public bodies for that purpose. The Council is chaired by the Prime Minister. Members of the Council are the Ministers of Economy, Finance, Agriculture, Chief Adviser to the President, Head of State Revenue Committee, Adviser to the Prime Minister, Head of National Assembly Standing Committee on Finance and Budget, Deputy Head of National Assembly Standing Committee on Finance and Budget, Member of the National Assembly Standing Committee on Economic Affairs, Director of the Armenian Development Agency, Chairman of the Armenian Manufacturers and Entrepreneurs (Employers) Union, President of the Armenian Trade and Industry Chamber, as well as representatives of international donor organizations, business unions and associations. The Council also invites fve business community representatives on rotational basis. The Secretariat of the Council coordinates the Industry Policy Department of the Ministry of Economy.The principal tasks of the Council are: • to discuss and approve the Industrial policy strategy • to discuss and approve sectoral development strategies • to discuss the proposals made by public bodies, sectoral councils and other interested parties to implement measures defned in the strategy • to discuss and approve reports on strategy implementation, and to discuss and approve industry-specifc strategic implementation programs. |
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National Competitiveness Foundation of the Republic of Armenia
National Competitiveness Foundation of the Republic of Armenia Chief Executive Offcer: Arman Khachaturyan Address: 5 Mher Mkrtchyan, 0010, Yerevan, Armenia Phone: (374 10) 54-31-67 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
The National Competitiveness Foundation (the Foundation) is a public-private partnership established by the Government of Armenia and a group of leading private sector representatives from the United States, Russia, the European Union and the Middle East. The purpose of the Foundation is to develop, implement and monitor projects in sectors – mainly education, health care and tourism – where there is a signifcant unrealized potential for development and a clear competitive advantage within a regional and global context. In addition to operating in the sectors mentioned above, the Foundation develops cross-cutting programs to promote competitiveness through increased access to information and know-how. These programs are designed to strengthen telecommunication infrastructure, and increase Armenian knowledge of strategic foreign languages. The governing body of the Foundation is its Board of Trustees, which is composed of government representatives, distinguished international business executives, and representative of the international donor community in Armenia. The Chairman of the Board is the Prime Minister. |
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