Sargis Grigoryan, a Partner at RGD International Armenia, wrote an op-ed for RBC Pro on the relocation of Russian businesses to Armenia.
Sargis shares his perspective on the trend that evolved in the early 2022, when Russian businesses started to relocate to Armenia. He also discusses on how this trend has changed the business climate in the country and in the region.
According to the article, over the last few years, Armenia has set a number of profound reforms in motion to improve the business climate by simplifying corporate registration, taxation, as well as judicial and foreign trade procedures. It paid off with the constant growth of foreign investments, as investors from other countries keep coming to do their business in Armenia.
The article provides various statistics on drivers that influence the country’s attractiveness for large international investors, including those from Russia, that seek to open or continue developing their business in Armenia.
Read the full op-ed by Sargis Grigoryan on RBC Pro.
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