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PRESS RELEASE
Wednesday, October 22, 2008
Entrepreneurs Travel to Armenia with AGBU YP Paris
>From September 3-9, 2008, a small group of business people under the
auspices of the AGBU Young Professionals of Paris (YP Paris) traveled to
Yerevan, Armenia to acquaint themselves with the country’s economy,
which is considered to be the most open marketplace of the former states
of the Soviet Union.
The YP Paris trip ensured that the professional interests of each
participant were included on the busy itinerary. The trip helped
participants establish contacts with professionals in Armenia and it
enabled them to shape their own opinions of the country’s economic
outlook.
The schedule included visits to several companies from different
sectors, as well as governmental structures. During the trip,
participants observed that strategic sectors such as construction,
banking, information technology and precision engineering were in active
development and of high interest to foreign investors, along with
tourism, the food-processing industry and renewable energies, which is a
budding sector in Armenia.
While YP Paris members note that Armenia is well-positioned in the labor
market as a high-quality provider with a multilingual workforce, they
also recognize that the younger generation is faced with many
challenges, including the country’s high rate of unemployment.
In commemoration of the 20th anniversary of the 1988 earthquake, YP
Paris also set aside time to travel to Gyumri to speak with local youth
about their hopes and dreams for the future.
AGBU YP Paris is part of a growing network of YP Groups and supporters
around the world who are committed to preserving and promoting the
Armenian identity and heritage through educational, cultural and
humanitarian programs. For more information on YP Paris, email
[email protected] or visit
For more information about the AGBU YP Network, please visit
agbu.org/yp.