Ameriabank representatives state that part of the premises belonging to the Hayastan (Armenia) Trade Center was given to the bank against a loan debt, as required by law.

One of the major shopping centers of Yerevan, a part of the trade center was closed earlier this week and merchants have been issued documents explaining conditions of continued occupation under the bank’s ownership.

A business forum is ongoing in Gyumri, which brings together Armenian entrepreneurs with those from nearby Kars, across the border in Turkey.

It is the second such expo, and features products such as wines, honey, cheese and meat products, produced in both countries.

Armenia’s leading automobile insurer has earned international qualification, as Moody International has awarded Rosgosstrakh Armenia with a diploma certifying that the company meets international standards.

Armenia’s business society which this week organized a forum of Armenian and Turkish businessmen refutes the news that official Ankara does not recognize the memorandum of cooperation signed in Yerevan by Armenian and Turkish businessmen, considering them to be “merely Azeri disinformation.” More than 100 businessmen attended the forum, nearly half from Turkey.

More than a hundred Armenian and Turkish businessmen signed a memorandum of cooperation in Yerevan on Tuesday, once again stating that despite the closed border the businessmen will continue working together.

The Armenian-Turkish business forum that began in Yerevan Tuesday, brought together about 100 representatives of business circles and NGOs with 50 representing the Turkish side.

The Government of Armenia and managers of Haypost Company are negotiating changes to Armenia’s postal system, which according to both sides will give an opportunity for new investments and will improve service.

The government-submitted document aiming to promote Armenian export needs amendment and a number of essential changes, a number of businessmen and experts said during discussion on Monday.

Business experts in Armenia have enthusiastically greeted government-initiated measures to spur small and medium businesses in Armenia, however they say more drastic and large-scale steps should yet be taken to reform the field.

It’s been more than a year that Armenia’s synthetic rubber producing plant has been idle and a considerable number of its 3,000 workers have been on a forced vacation.