Head of the Union of Industrialists and Entrepreneurs of Armenia (UIEA) does not fear Turkish businesses will displace Armenian businesses from the Armenian market
03.09.2026,
14:11
Arsen Ghazaryan, Chairman of the Union of Industrialists and Entrepreneurs of Armenia (UIEA), does not see a threat to local businesses if Turkish companies and investors enter the Armenian market.
YEREVAN, September 3. /ARKA/. Arsen Ghazaryan, Chairman of the Union of Industrialists and Entrepreneurs of Armenia (UIEA), does not see a threat to local businesses if Turkish companies and investors enter the Armenian market.
"Today, I no longer fear this. Our business is established, we have the necessary infrastructure, and we are ready to compete," Ghazaryan said, answering a question from ARKA news agency at the Armenian-Turkish business forum currently underway in Yerevan.
According to him, the Armenian private sector has reached a level that allows it to compete on an equal footing with Turkish companies.
"We will be able to withstand this wave because our private sector and business environment are already established," the UIEA head stated.
Kazaryan also drew a parallel with Georgia, noting that at the time Turkish businesses actively entered the Georgian market, the local private sector, in his opinion, was not ready for such competition.
"Georgia wasn't ready for this back then. And even now, in my opinion, it's inferior to us in terms of the organization, activity, and aggressiveness of its businesses," he said.
"Today, I no longer fear this. Our business is established, we have the necessary infrastructure, and we are ready to compete," Ghazaryan said, answering a question from ARKA news agency at the Armenian-Turkish business forum currently underway in Yerevan.
According to him, the Armenian private sector has reached a level that allows it to compete on an equal footing with Turkish companies.
"We will be able to withstand this wave because our private sector and business environment are already established," the UIEA head stated.
Kazaryan also drew a parallel with Georgia, noting that at the time Turkish businesses actively entered the Georgian market, the local private sector, in his opinion, was not ready for such competition.
"Georgia wasn't ready for this back then. And even now, in my opinion, it's inferior to us in terms of the organization, activity, and aggressiveness of its businesses," he said.
