Canada made the largest investments in Armenia in 2012!
Canada led foreign investments in Armenia in 2012, accounting for more than a fourth -- $102 million of $391 total investment.
According to the National Statistical Service, Russia made $83 million in investment, with Switzerland accounting for $39 million.
Most of Canadian and Swiss money went into mining, while Russia and France led investments in telecommunications.
On January 18, 2013, Armenia announces launch of Southern Armenia Railway and High Speed Road Projects
The Delegation of the Government of Armenia participated at the world’s largest annual mining convention (PDAC, Toronto, March 6-9) to promote the Mining industry of Republic of Armenia.
The delegation was headed by
Hon. Armen Movsessyan
the Minister of Energy and Natural Resources of RA.
Hon. Suren Khachatryan, the Governor of Syunik Region of RA
and Mr. Areg Galstyan, the Deputy Minister of Energy and NR participated as well.
This mission was organized by the
Armenia-Canada Chamber of Commerce in cooperation with PM office (RA).
The Canada-Armenia Chamber of Commerce introduced Dr. Areg Galstyan the Deputy Minister of Energy and Natural Resources for the Republic of Armenia t to its members and invited guests to promote Armenia as a mining-friendly jurisdiction and an up and coming destination for Canadian investors.and Caldera in September 2010.
The following information have been provided by the Price WaterHouse Coopers and will be helpful to the potential investors.
For over a decade, The Wall Street Journal and The Heritage Foundation, Washington's preeminent think tank, have tracked the march of economic freedom around the world with the influential Index of Economic Freedom.
The rank of Canada for 2012 is 6, with overall score of 80.5, and the rank of Armenia is 39, with overall score of 68.8.
Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. (See the Methodology.)
November 23-28, 2009
the Chief Economic Advisor to the President of Armenia visited Canada. The visit was organized by the ACCC.
Dr. Nercissiantz had important meetings in Montreal,Ottawa and Toronto ... more
ACCC signed a partnership Agreement with the Armenian Chamber of Commerce and Industry (October 2009)
The ACCC signed discount contracts with major hotels and appartment service Agency in Yerevan
ACCC signed a partnership Agreement with the Armenian Development Agency.
Welcome to the web-page of the Armenia-Canada Chamber of Commerce (ACCC). ACCC is a Non-for-Profit corporation with Head-Quarters located in Montreal, Canada.
It was established in 2008 to serve Canadian entities who are interested in the Armenian market and Armenian entities who are interested in the Canadian market!
Members of the ACCC will have private access to all important information and resources on this site.
Our Members will find at the Members section the Armenian State regulations related to the important subjects such as taxation, VAT, customs, business organization and establishment, competition, trade and financing, investment, currency , patents, licensing,trade names and etc. There are answers to the questions related to the opening and registration of your entity or representation office. There are information on
the key sectors of Armenian economy today....
Investment opportunities: The investment and trade policies of Armenia are considered to be the most open in the CIS by international organizations. Foreign companies are encouraged to invest and are entitled by law to the same treatment as local companies. Moreover, they have a great number of advantages. Armenia's investment climate is continuously improving with a strong government commitment to attract the FDI, including the refinement of the legislative framework.
The Law on Foreign Investment, adopted in July 1994, regulates foreign investment in Armenia. It provides guarantees to foreign investors and protects investors from changes in the business related laws for five years. According to the Law, a "Foreign Investor" is any foreign company or citizen, a person without citizenship, an Armenian citizen permanently residing outside of Armenia, or an international organization that invests in Armenia. "Foreign investment" is any form of property, including financial assets and intellectual property, which is invested by a foreign investor directly in the territory of Armenia, in any economic or other venture. (ADA)
News from our Members:
ACCC has recognized 2 Armenian companies as Members.
"Construction Management Company" CJSC and
"Construction Management Company" CJSC is one of the premier companies in Armenia developing services in construction and transportation.
The main aim of the company is to perform for our customers the highest level of quality construction and transportation services, electric power plant, producing big diameter polyethylene pipes, providing; lifting equipment, transports, at fair and market competitive prices. To ensure the longevity of our company through repeat and referral business achieved by customer satisfaction in all areas including timeliness, attention to detail and service-minded attitudes. To maintain the highest levels of professionalism, integrity, honesty and fairness in our relationships with our suppliers, subcontractors, professional associates and customers.
MONTREAL, QUEBEC, October 20, 2009. Caldera Resources Inc. (TSX.V: CDR) announced today that the Ministry of Energy of Mines of the Republic of Armenia, has issued an Order granting Caldera’s subsidiary, Biomine LLC, permission to access the Lichkvaz-Tey gold project, to conduct its sampling campaign and due diligence review. read more...
ACCC recognized "Anelik" Bank as a corporate member from Armenia.
During the last week of May the ACCC organized the mission of Canadian entities representing mining sector to Armenia.
Members of the Mission had a chance to meet Ministers of the Energy and Natural Resources, Nature Protection and other officials
... read more
Caldera Resources Inc. is a Montreal based resource exploration company focused on low cost mining opportunities in Southeast Europe and the Caucuses. Our goal is to develop projects that can becommercialized in a very short time horizon compared to traditional mining projects....more
Follow Armenia-Canada Chamber of Commerce:Follow @armcanchamber