Armenia is a hidden gem, a cultural and historical center, that is already shifting to an attractive destination for business and investments. The IT talent pool, scientific centers, and sustainability in all the segments will transform the country’s economic environment to a better, brighter future.
Тhe hi-tech industry is the fastest growing economic industry in Armenia. Last year, the turnover of Armenian tech/IT companies increased to ~$ 400 million, or by 20 percent. In 2020, also the number of employees in this industry increase by 22%
According to the ArmBanks research, the loan capacity of 17 Armenian banks has grown by 5.7% during the last 2 quarters of 2020, reaching 3.770.5 trillion AMD
Official statistics states – there are 68 500 small and medium-size businesses currently operating in Armenia, and their number has not increased compared to last year mainly because of the COVID-19 pandemic impact
During the preliminary stages of making investments in any field, each investor first studies the legal norms of the country or region, which regulate the economic and employment activities of companies
Advantages of production business in Armenia Located in western Asia, Armenia exported US$2.6 billion worth of products around the globe in 2019. With the highest GDP rate in all Europe (7.6% GDP growth and GDP CAGR to 2020 is 3.2% for Armenia vs. CAGR of 2.7% for global GDP), economic reforms, and “open door” policy,...
What we want to introduce in this article: What is important for entrepreneurs to start a high-tech business in Armenia Privileges for startups launching IT-related business in Armenia How can outsourcing consulting company impact on growth of the IT business in Armenia? What type of outsourcing services mainly necessary for Armenian high-tech businesses? How Tower...
In this segment, we want to introduce you to our legal services for Armenian companies which include legal outsourcing and due diligence: what benefits you will get by cooperating with legal advisory companies in Armenia, what the purpose of due diligence services are and other legal and business related issues. Every investor, wanting to invest...
First of all, we should understand which sectors in Armenia have become more attractive to investors in recent years, what is the reason for this, and whether it is desirable to invest in those sectors in 2020․
A few days ago the Parliament of Republic of Armenia passed a law in the area regulating the use and sales of tobacco products. This new piece of legislation, which is expected to enter into force in the near future, has had a stirring effect on Armenian society and has been widely discussed by all...
Following the formation of a new government in Armenia in mid-2018, Tower International Consultants cjsc expects
Tower will be providing accounting and tax outsourcing services on an ongoing basis to both these companies and additionally
