Investor Presentaiton
4 Investment guide Armenia
We are pleased to introduce you the
new publication "Investment Guide -
Armenia" issued by KPMG Armenia
in cooperation with the Ministry of
Economy of the Republic of Armenia
and Enterprise Incubator Foundation.
The publication is mainly focused
on presenting Armenia's Innovation
sector and its notable developments
in the recent years. Our publication
also includes basic information for
foreign businesses and individuals
who are thinking about or intend
to make an investment in Armenia,
including general information about
the country, economy, culture, legal
and taxation requirements related
to investments, government plans
and priorities for the development of
Armenia.
A number of sectors have shown
significant growth during the last
few years, including innovation and
technologies, financial services,
agriculture, mining and hospitality.
In particular there has been a
significant increase in the IT sector
with a total turnover of IT industry
comprising 559 million U.S. dollars.
In 2015 the industry recorded an
average annual growth of 21%.
On January 2015 the Republic of
Armenia became a member of
Eurasian Economic Union (EEU),
which specifies unified customs
territory providing free movement
of goods within the countries of
EEU. Armenia has signed free-
trade agreements with Georgia and
most of the CIS countries. Armenia
currently enjoys GSP beneficiary
status with Canada, Japan, Norway,
Switzerland, and the United States.
Since 2009, the country has also
been included in the list of countries
granted GSP+ by the European
Union.
We believe that Armenia will
continue its growth and become
an increasingly attractive country
to invest in. Notwithstanding the
relations with some neighboring
countries, Armenia continues to
move forward towards growth and
prosperity.
Sincerely yours,
Tigran Gasparyan
Managing Partner
KPMG in Armenia
KPMG
2016 KPMG Armenia cjsc. All rights reserved.View entire presentation