Business Armenia team secured a record AMD 6.8 billion export contracts in 2018.

The foundation noted that for a single AMD 1 spent, AMD 26.4 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 USD 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 memorandums of understanding on investment of USD 350 million, as a result.

Among the foreign investors are New Yidea, ARGA-EuroSteel, Ghalburjian Group, Arad, Atlas Global, Ecotekhprom, Mataluskaupa Online OA, VHL Development.
 
“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 October 10, 2018, and the EAEU biggest annual business event Eurasian Week, on October 22-24.