Amcham and Armenia’s National Center for Development of Small and Medium Enterprises sign MoU

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YEREVAN, May 11. /ARKA/. The Executive Director of the American Chamber of Commerce in Armenia (AmCham) Karine Sargsyan and the Executive Director of the National Center for the Development of Small and Medium Enterprises of Armenia Arshak Grigoryan, signed today in Yerevan a memorandum of understanding to support small and medium enterprises (SME).

The Ministry of Economic Development and Investments said the purpose of the Memorandum of Understanding is to promote and develop the SME sector in Armenia by combining the efforts of the both parties using special tools.

According to the memorandum, both parties will provide services to SMEs. In particular, the National Center for the Development of Small and Medium Enterprises of Armenia will provide services to the beneficiaries of the American Chamber of Commerce in Armenia, and vice versa. Both sides will hold joint events, trainings, as well as carry out joint projects aimed at increasing the potential of international SMEs, introduction and dissemination of innovative solutions.
Minister of Economic Development and Investments Tigran Khachatryan said AmCham is an important partner in all matters where there is a need to discuss the problems of the economy and the approaches to solve them.

“I can say with confidence – and this confirms our cooperation in the past – our discussions with the organization were very important. I am convinced that this cooperation between AmCham and the National Center is another platform for the right combination of efforts and the achievement of better results, ”he said.

In turn, the President the American Chamber of Commerce in Armenia, Ara Hovsepyan, stressed that the trade mission and the ministry are good partners. According to him, all members of the chamber are interested in economic development, prosperity and development of entrepreneurship.

“In this regard, working with the ministry’s team is a privilege and a natural activity for us. I hope that we will continue our cooperation with the ministry and with the National Center in both directions, ”he said.

Karine Sargsyan noted that the American Chamber of Commerce attaches importance to the development of small and medium-sized businesses, and the signing of the memorandum will effectively contribute to improving the business environment in the country.

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