We bring a new vision, since...

... the Armenian economy has undergone a major transformation during the last fifteen years. It has progressed from a planned global scale industry and agriculture inherited from the former Soviet Union to a developing and prosperous small and mid-size entrepreneurship. Since the successful stabilization of economy in the mid 1990s and the introduction of a free trade regime the economy has experienced low inflation and stable exchange rate. Recording a GDP average growth of 10 per cent annually, Armenian economy with its liberal investment legislation has become very attractive for foreign investments.

Moreover, today the banking system of the country also undergoes a boost and creates favorable conditions for business activity. It is worthwhile mentioning that foreign direct investments and aid aimed at offset of trade imbalance also play a significant role in Armenian economy and support the growth and development in the country. Leading commercial enterprises and joint ventures have already gained solid reputation, which allows to establish trade links worldwide and promote the export of Armenian products.

Last but not least today membership of Armenian state in different international organizations such as The World Bank Group, United Nations, World Trade Organization, European Council, as well as gradual integration with European Union positively impact development and consequently growth of economic relations and investment opportunities.

Being deeply involved in economic processes on the edge of changes Grant Thornton has played an outstanding role in the issue of supporting Armenian businesses and helping them grow. We have put all our energy and knowledge into the task of creating opportunities for local entrepreneurs as well as for foreign investors. Our work has brought and still continues to deliver fruits of success and prosperity to all our clients and we see the prospects of the country's development as excellent.


Gagik Gyulbudagyan
Managing Partner