Bridging Continents, Fostering Innovation

The business environment in Armenia is going through a gradual change due to numerous economic, political, and technological factors. In the last ten years, Armenia has advanced in the creation of a favorable climate for doing business, foreign investment and innovation. Located between Europe and Asia and endowed with a highly educated population, the country has emerged as a favorite destination for emerging technology and start-ups. The government has been more active in the implementation of reforms in the ease of doing business. Lower taxation policies, lesser restrictions, and better information technology have all helped in the creation of a favorable environment for the budding businessmen. Such actions have been most evident in the developing hi-tech industries. The emergence of IT parks, incubation centers, and accelerators has fostered a healthy startup culture and placed the country on the world map of technological advancements.

Armenian business leaders have a special place in this process. Not only do they need to manage institutions in the midst of a changing economy but they are also responsible for leading the change through innovative and well thought out planning. The top managers of the IT companies are demonstrating that Armenian professionals and creativity can compete with the best in the world. The success stories are a source of encouragement to the new generation of business people, thus enhancing a culture of entrepreneurship and innovation. Furthermore, there is a trend of Armenian business leaders’ concern with sustainable and socially responsible business. They know that sustainability is the key to the company’s future: ethical governance, environmental responsibility, and social inclusion.

It is with the view of staying updated with the emerging trends in this region’s business landscape that Asia Business Outlook has come up with a select few stories about business leaders who have demonstrated their capability through their expertise. To strengthen this region’s business landscape with their tightly-knit and result-oriented approach, they are setting new standards of effectiveness.

Your input is valuable to us and we would appreciate your feedbacks and suggestions.