Armenia as a bridge between Eurasian Economic Union and European Union

On November 30, 2018, SCHNEIDER GROUP hosted a business breakfast on the topic “Armenia as a bridge between Eurasian Economic Union and European Union”. The experts shared their knowledge and experience in this area accompanied by a lively exchange. Ulf Schneider, Managing Partner, Felix Patyan, Head of SCHNEIDER GROUP office in Yerevan, and the guest speaker Diana Movsesyan, Lawyer and Pharma Expert, gave a detailed market overview of Armenia, and presented an analysis of investment opportunities for international businesses.

Felix Paytyan started his presentation by giving an overview of the country’s profile, covering historical, economic, and statistical aspects. Afterwards, he moved on to the key industries and perspectives for foreign companies doing business in Armenia.

Ulf Schneider looked at the business aspects from a legal perspective. Schneider highlighted the legislative context, spoke about tax regimes, and discussed respective accounting regulations. He also emphasized the main issues of labor law, specifically  labor restrictions applied to foreigners.

Diana Movsesyan introduced the audience to a comprehensive overview of the pharmaceutical industry in Armenia with current market trends, conditions, and regulations. This particular industry branch is currently undergoing significant development.

At the conclusion, Felix Paytyan, who also is Vice President of the Belgian Armenian Chamber of Commerce, and Ulf Schneider signed the MOU between Lisbon Vladivostok and the Belgian Armenian Chamber of Commerce.

Overall, the business breakfast was a great success. Lively discussions and a lot of topic-related questions to the experts indicated genuine interest, while most participants ultimately expressed their wish to be notified about and / or invited to further events associated with Armenian business.

Our experts:
Ulf Schneider
President
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