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Index of Economic Freedom.

For 15 years, The Wall Street Journal and The Heritage Foundation have been measuring countries' commitment to free-market capitalism in the "Index of Economic Freedom." The 2009 Index, published this week, provides strong evidence that the countries that maintain the freest economies do the best job of promoting prosperity for all citizens.

According to this index Armenia took 31st position which is number one in CIS countries

Legislation and other important information


The Canadian and Armenian legislations, law, regulations, decrees and other important information are available for Members only.

National Armenian Atlases are available now to our members for free (section: Usuful Info)

(high quality electronic armenian version)




New Members:


"Construction Management Company" CJSC



"Hydrocorporation" CJSC




Caldera Resources Inc. is a Montreal based resource exploration company focused on low cost mining opportunities in Southeast Europe and the Caucuses. Our goal is to develop projects that can becommercialized in a very short time horizon compared to traditional mining projects.


News center


Great news for businesses interesting in Armenia's market.

Grant Thomton designed a mobile application, a useful resource tool, which will help you in planning your business or exploring a new market and make smart strategic decisions.

"Doing Business in Armenia" mobile application is available for a free download from the Apple App Store for all iOS devices. It provides potential businessmen with information, key facts, figures and highlights, to guide them through the factors that are essential to consider, while making an investment decision.

source: "Amcham" magazine.

On March 18, the RA Minister of Energy and Natural Resources Yervand Zakharyan has received the Canadian Ambassador John Cure.

The Ambassador thanked the Minister for the participation in the annual International Conference of Mining Industry in Toronto, which was held on March 1-4, 2015.

Yervand Zakharyan has expressed hope that the agreements reached with the Canadian companies during the conference will be implemented and the Canadian investments will be included in the Armenia’s mining industry.

Ambassador John Cure mentioned that they also give importance to presence of Canadian companies in Armenia.

Yervand Zakharyan said that the reforms implemented in the legislative field of mining sphere will make the investment field of the sector more efficient and attractive.




The Delegation of the Government of Armenia participated at the world’s largest annual mining convention (PDAC, Toronto, March 1-4, 2015) to promote the Mining industry of Republic of Armenia.

The delegation was headed by

Hon. Yervand Zakharyan


the Minister of Energy and Natural Resources of RA.

Armenia-Canada Chamber of Commerce supports this mission and organized several meetings for companies like Dundee Precious Metals, Lydian Internarnational, Centerra Gold corporation, Alicanto and others.


On 1-3 of March, the RA Minister of Energy and Natural Resources Yervand Zakharyan took part in the annual International Conference of Mining Industry in Toronto.

About 25 million representatives of mining industry from 100 countries are participating in the conference each year: the global players in the field, the sphere policy makers, investors, funders, industrialists and reprocessors among them.

The aim of Toronto Conference is to promote new business avenues in the field of natural resources, between Canada and the countries of the European-Asian region.

The conference is also an excellent opportunity for the participating countries to introduce the possibilities and offers they have regarding the mining sphere.

The Minister of Energy and Natural Resources Yervand Zakharyan also delivered a speech in the conference.



The Minister presented the Armenia's natural resources sector policy and legislative field, the current situation of the sphere and development prospects in his speech.

Within the framework of the Conference Yervand Zakharyan has meetings with a number of mining companies leaders, as well as the companies, who works in Armenia: "Dundee Precious Metals", "Lydian International", "Centerra Gold inc".



Meeting with top management of Centerra Gold Company.


There were discussed the issues of  investments’ involvement in the Armenia’s mining industry and activity expansion.

The Minister also participated in the mining exhibition organized within the framework of the Conference.




Minister Kenney concludes successful trip to Armenia


Trade and remembrance elements of trip

August 1, 2014 — Ottawa — Jason Kenney, Canada’s Minister of Employment and Social Development and Minister for Multiculturalism, has completed a successful visit to the Republic of Armenia. He is the first Canadian minister to have visited the country since 2002. Armenia-Canada Chamber of Commerce was actively involved in preparation and organizing of this event.

Kenney 2



The Minister – who completed his three-day trip yesterday – had a ninety-minute meeting with President Serzh Sargsyan, discussing issues such as trade and investment, the Armenian Genocide, Canada’s support of efforts by Armenia and Turkey to seek a path towards reconciliation, Armenian & Canadian support for refugees from violent persecution in Syria and Iraq, the crisis in Ukraine and alignment by the international community in its response to Russian aggression in Ukraine, and the successful role of Canada's Armenian community. 

Kenney and business

Hon. Kenney and representatives of businesses

Minister Kenney discussed these and other issues with Armenian Prime Minister Hovik Abrahamyan, Foreign Minister Eduard Nalbandyan, Diaspora Affairs Minister Hranush Hakobyan, and National Assembly President Galust Sahakyan.

In 2013, Canadian trade with Armenia totalled more than $100 million. During the visit, on which he was accompanied by several members of the Canadian Armenian community, Minister Kenney met with Canadian companies investing in Armenia and Armenian business leaders to discuss strategies for increasing bilateral trade and investment.


Azat Vartanian

Hon. Kenney and Prof. Azat Vartanian

Minister Kenney laid a wreath at the Armenian Genocide Memorial in memory of the victims of what the Senate of Canada has recognized as "the first genocide of the Twentieth Century" and the House of Commons recognized as genocide and “a crime against humanity.”

He also paid respects at the Armenian Memorial to the Victims of Communist Repression, noting that the Government of Canada is working with community groups to build a Canadian Monument to the Victims of Communism.

Finally, Minister Kenney visited the Khor Virap Monastery, a key site in Armenian history near to the symbolically important Mount Ararat; and he attended a service at Holy Etchmiadzin, the spiritual centre of Armenia where Armenian Christianity was born in the year 301, AD.

Quick facts

  • Since 1999, Canada and Armenia enjoy the benefits of a Foreign Investment Promotion and Protection Agreement.
  • Canada was a strong supporter of Armenia’s candidacy to become an associate member of l’Organisation internationale de la Francophonie in 2008.
  • Armenia will celebrate 24 years as a free and sovereign nation on Sept. 21. 


“Canada's Armenian community has made an enormous contribution to building our country. This visit was a wonderful opportunity to acknowledge that fact, to build on Canada's relations with the Republic of Armenia, and to promote job-creating trade between our two countries.”

– Jason Kenney, Canada’s Employment and Social Development Minister and Minister for Multiculturalism.



Canadian investment in Armenia
Canada made the largest investments in Armenia in 2012!

Canada led foreign investments in Armenia in 2012, accounting for more than a fourth -- $102 million of $391 total investment.
According to the National Statistical Service, Russia made $83 million in investment, with Switzerland accounting for $39 million.
Most of Canadian and Swiss money went into mining, while Russia and France led investments in telecommunications. (| 18.12.12 | 13:47).


10:58, 18 December, 2012
YEREVAN, DECEMBER 18, ARMENPRESS: 391 million dollar worth investment was made in Armenia in the course of the last passing nine months. Vahagn Lalayan head of Investment Policy Department, Ministry of Economy of the Republic of Armenia stated in the briefing with Armenpress, ''According to first three quarter data of the National Statistical Service of Armenia, foreign direct investment amounted to 221 million dollars''.
In the words of Lalayan, Canada occupies the first place in investment reportedly 102 mln. dollars investment , Russia comes the second with subsequent 83 million dollars investment , then Switzerland 39 million dollars: there are a number of other countries in the list as well. If we dwell on the fields, most investments were made in the mineral industry, then in the field of telecommunications and the third in manufacturing industry. In the field of mining Canada, Switzerland occupy the first place: Russia, France are the leaders in telecommunication field, in manufacturing industry various countries are engaged."France is a leader in the drinks industry, " South Caucasian railway'' leader in land transport sphere and reportedly Zvartnots airport owner in air communication field'' head of Investment Policy Department stated. Lalayan stressed a number of projects have been implemented in 2012 by foreign investments, in the frame of which various factories, particularly in the field of wine and light industry have been exploited in the course of the year.


January 2013






Armenia Announces Launch of Southern Armenia Railway and High Speed Road Projects

China and Russia to cooperate with Armenia regarding the development of the strategically important railway, which is an essential missing link in the International North-South Transport Corridor


18 January 2013 – Yerevan, Armenia

Pursuant to an instruction by the President of the Republic, the Minister of Transport and Communication of the Republic of Armenia, Mr. GagikBeglaryan, announced the launch of the estimated $3 Billion Southern Armenia Railway and Southern Armenia High Speed Road Projects in a presentation, signing ceremony and public announcement attended by senior government officials, ambassadors, investment and sovereign funds, and corporate executives from Armenia, China, Russia, the United Arab Emirates, and Iran.  A tripartite Memorandum of Understanding on regional cooperation towards the development of the Southern Armenia Railway was also signed between South Caucasus RailwayCJSC, the Ministry of Transport and Communication of the Republic of Armenia, and RasiaFZE.

>>>>detailed info in English and in Armenian

more info from and



December 2012

ACCC has recognized 2 Armenian companies as Members.

cmc "Construction Management Company" CJSC and

logoHydro "Hydrocorporation" CJSC. Congratulations!


"Construction Management Company" CJSC is one of the premier companies in Armenia developing services in construction and transportation.
The main aim of the company is to perform for our customers the highest level of quality construction and transportation services, electric power plant, producing big diameter polyethylene pipes, providing; lifting equipment, transports, at fair and market competitive prices. To ensure the longevity of our company through repeat and referral business achieved by customer satisfaction in all areas including timeliness, attention to detail and service-minded attitudes.  To maintain the highest levels of professionalism, integrity, honesty and fairness in our relationships with our suppliers, subcontractors, professional associates and customers.


March 2011

The Delegation of the Government of Armenia participated at the world’s largest annual mining convention (PDAC, Toronto, March 6-9) to promote the Mining industry of Republic of Armenia.

The delegation was headed by

Hon. Armen Movsessyan


the Minister of Energy and Natural Resources of RA.


Hon. Suren Khachatryan, the Governor of Syunik Region of RA

Khachatryan Suren


and Mr. Areg Galstyan, the Deputy Minister of Energy and NR participated as well.


This mission was organized by the

Armenia-Canada Chamber of Commerce in cooperation with PM office (RA).



September 2010


The Canada-Armenia Chamber of Commerce and Caldera Resources Inc. are pleased to announce that Dr. Areg Galstyan, the Deputy Minister of Energy and Natural Resources for the Republic of Armenia,


will be in Montreal and Toronto from September 12th to September 17th as the guest of the Canada-Armenia Chamber of Commerce. The Chamber will be introducing the Deputy Minister to its members and invited guests to promote Armenia as a mining-friendly jurisdiction and an up and coming destination for Canadian investors. 



December 2009

Caldera Resources Inc. has organized the visit of Mr. Ricardo Valls, the independent expert - geologist to Armenia to get samples from different properties for the following scientific studies at Toronto's University.



Dr. Vahram Nercissiantz, the Chief Economic Advisor to the President of Armenia visited Canada in November 2009

(23-28). He had important meetings with members of the ACCC in Montreal, Toronto and Ottawa.

The following companies participated in meetings with Dr. Nercissiantz and members of the ACCC:


SNC-Lavalin, Hydro-Quebec, Caldera Resources Inc., Novo Power Inc., Heenan Blaikie and Miller and Khassam Law Firms, Canadian Armenia Business Councel;

Ottawa - Export Development Corporation;


BacTech Mining Corporation, Davis Law Firm, TerraNova Partners, Advanced Explorations Inc., Salman Partners Inc., Pinetree Capital Ltd., Public Company Services Inc., ASA Alloys Inc., Redline Communications, Mining Insights, All Armenia Fund.

Based on the discussions and recommendations expressed during these meetings we have decided to organize a Trade Mission of Canadian entities and organizations to Armenia. The Mission will take place in March 2010 (For more information please contact our office in Montreal.




ACCC signed a cooperation Agreement with Armenian Chamber of Commerce and Industry.


News from our partners:




TORONTO. Ontario. May 25, 2015 - Lydian International Limited (TSX: LYD) ("Lydian” or the “Company”) is providing a summary of the voting results from its 2015 Annual General Meeting of shareholders (the “Meeting”) held on Thursday May 21, 2015 in Toronto. Ontario.

Congratulations to the new elected Directors of Lydian International :

Gordon Wylie, Howard H. J. Stevenson, Willan  H. Abel, Timothy Read, Stephen J. Altmann, Vahan Kololian.

source: Lydian International web-site.

Other news from Lydian.



MONTREAL, QUEBEC, October 20, 2009. Caldera Resources Inc. (TSX.V: CDR) announced today that the Ministry of Energy of Mines of the Republic of Armenia, has issued an Order granting Caldera’s subsidiary, Biomine LLC, permission to access the Lichkvaz-Tey gold project, to conduct its sampling campaign and due diligence review.

This order follows the permission received from the Minister of the Environment of Armenia, earlier this month; all with the goal to successfully introduce commercially proven bioleaching technology for the recovery of gold and copper to Armenia.

Bill Mavridis, President of Caldera stated: “We are pleased that we have received this support from the Armenian Government, and we look forward to completing our studies in a timely fashion. We are proud that we will be part of the mining renaissance in Armenia and look forward to making Caldera an environmentally responsible partner in Armenia’s growing mining industry.” read more...






During the last week of May the ACCC organized the mission of Canadian entities representing mining sector to Armenia.

Members of the Mission had a chance to meet Ministers of the Energy and Natural Resources, Nature Protection and other officials

... read more



Dr. Vahram Nercissiantz, the Chief Economic Advisor to the President of Armenia visited Canada in May, 2009.

Visit was organized by the ACCC.

Dr. Nercissiantz had important meetings in Ottawa and Montreal


In Ottawa Dr. Nercissiantz met:

Honorable Peter Kent, Secretary of State for Foreign Affairs

Hon. Gary Goodyear, the Minister of Science and Technology

Hon. Harold Albrecht, MP, the Chair of Can-Arm Parliamentary Friendship Group

Hon. Marc Garneau, MP, Liberal Critic of IT Technology

Hon. Denis Coderre, MP, Quebec Lieutenant of the Official Opposition

Mr. Leigh Sarty, Director for Europe, DFAIT

In Montreal Dr. Nercissiantz met:

Mr. Peter S. Martin (McCarthy Tetrault Law firm), Mr. Bill Mavridis, (Caldera Resources Inc.) Mr. John Mavridis (Newhouse Strategic Counsel Inc.), Mr. Rami Ailabouni, Mr. Stefanos (UAE Chamber of Commerce in Canada).

He had meetings also with representatives of the Armenian Community of Montreal.

During the meetings Dr. Nercissiantz provided high officials and audience with latest information on the economic situation in Armenia and discussed the program of the development of the business relations between Canada and Armenia.


The greeting letter from the Hon. Jason Kenney, PC, MC, the Minister of Citizenship, Immigration and Multiculturalizm of Canada





The delegation includes Ministers of Energy, Construction, Revenue and other high officials from Armenia.


Active members of the ACCC will have an exlusive chance to meet

Mr. V. Nercissiantz in Montreal.





The ACCC signed discount contracts with major hotels and appartment service Agency in Yerevan. All members of the ACCC and their families can book the participating hotels in Yerevan (Mariotte-Armenia, Ani, Congress, GoldenTulip, Europe and appartements for the better rate.


The Canadian Medical Center has been established in Yerevan in partnership with "Genetica" Institute of Armenia. Canadian doctors are welcomed to partnership.


The International Informatization Academy, the NGO in General Consultative Status with UN established its branch in Yerevan. Dr. Anahit Harutyunyan, had been appointed as Director of the Branch.

accc established direct relations with government of armenia and important state agencies.

Last year Prof. Azat Vartanian, the Chairman of the ACCC and members of his delegations had meetings with Hon. S. Sargsyan, the President of Armenia, Dr. Vahram Nercissiantz, the Chief Advisor to the President, Hon. Tigran Sargsyan, the Prime Minister of Armenia.


Our delegation had meetings with Ministers representing different fields: Economy, Finance, State Revenue, Protection of Nature and etc.

Important issues related to the ACCC activities have been discussed and planned.

The High Officials welcomed the establishment of the ACCC."Les Grands Explorateurs" explores Armenia


Les Grands Explorateurs", a Montreal-based private, education oriented company, widely known for 36 years for its series of high quality presentations on various countries and cultures of the world, has included in its current season a ciné-conference (a public lecture and a video film) about Armenia and its ancient culture. The presentation, produced by Marie Dominique Massol, will tour major Quebec cities from January 5 to March 7. It is expected that during the current season some 400 thousand spectators in 48 cities will attend presentations organized by "Les Grands Explorateurs". .



Fresh news


News from our partners




Prof. Azat Vartanian also met Mr. Robert Harutyunyan, the President of the Armenia Development Agency

and after discussings the future cooperation, the Agreement between two entities had been signed.


The detailes of the Agreement is available for Members only.

Read more

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