Vanessa Kachadurian-Turnover of Canadian Armenian Businessmen reaches $10 Billion

Turnover of Canadian-Armenian businessmen reaches $10 billion
http://news.am/eng/news/57521.html
April 29, 2011 | 16:01
YEREVAN. – Armenia has a budget of $3 billion, while turnover of the Armenian businessmen only in Canada’s Ontario province exceeds $4 billion, and in the whole Canada - $10 billion, said Vahram Pirjanian, head of the Canadian Armenian Business Council.
To assess capacity of Diaspora, one should multiply this sum a few dozen times, he said.
According to him, enormous potential should be added to Armenia’s resources. Businessmen expressed readiness to promote efforts of Diaspora Armenians to establish small and medium business in Armenia.
An Armenian commercial network was established in Yerevan on Friday to unite business potential of Armenia and Diaspora.

5.8% growth recorded in Armenia’s brandy production in Q1 2011
April 30, 2011 - 13:14 AMTPanARMENIAN.Net - 2,906.4thous. liters of brandy were produced in Armenia in January-March 2011, what is 5.8% higher compared to the same period in 2010.

According to the RA National Statistical Service, production of vodka dropped by 28.9% to total 944.5thous. liters during the reported period.

873.3thous. liters of wine were produced in January-March 2011 against 961.4thous. liters in 2010 (9.2% drop). 1,595.9thous. liters of beer were produced in January-March 2011 against 1,852.9thous. liters during the same period in 2010 (13.9% drop). 10.5% drop was recorded in sparkling wine production to reach 48.4thous. liters in 2011.

9.9% increase was recorded in soft drinks production in 2011, reaching 7,262.2thous. liters.

Vanessa Kachadurian- President of Armenia calls on Diaspora to do business in Armenia

April 30, 2011 | 16:16

YEREVAN. – Armenian President Serzh Sargsyan received on Friday participants of Armenian business summit started in Yerevan on Friday.

The summit brought together representatives of Armenian trade chambers and business unions.

President stressed that every Armenian should pay regular visits to the homeland to see and feel achievements and problems, presidential press service informed Armenian News-NEWS.am.

Each Armenian visiting the country is expected to make contribution to development of Armenia, he added.

“Some of the Diaspora Armenians have wrong impression they cannot do business and earn money in Armenia. Doing business in the homeland means making efficient contribution to country’s development, creating jobs, and paying taxes,” President said calling on businessmen to participate in strengthening of Armenia’s economy.

President Sargsyan also welcomed creation of newly established Armenian trade network aimed at broadening business ties between Armenia and Diaspora.



News from Armenia - NEWS.am

Vanessa Kachadurian Armenian Mining Business Opportunities

Vanessa Kachadurian Karoun Dairy named #1 Armenian Business

http://www.thestreet.com/story/11079158/1/karoun-dairies-awarded-2011-business-of-the-year-by-the-armenian-american-chamber-of-commerce.html
TURLOCK, Calif., April 12, 2011 /PRNewswire/ -- The Armenian American Chamber of Commerce celebrated the success of one of its own at their 12th annual awards gala. Karoun Dairies received the 2011 Business of the Year award in front of over 400 guests and dignitaries from the Armenian American and Los Angeles business communities. Karoun's success stems from a family business dedicated to making superior quality handmade cheeses and all natural yogurts and its commitment to serving their community.
Founded in 1992, Karoun is a family business exemplifying fulfillment of the American dream. The company has grown from producing specialty cheeses for its local community to nationwide mainstream distribution of a wide variety of cheese and yogurt products while still maintaining their dedication to handmade all natural dairy products of the highest quality. Karoun uses only milk from cows that are free from growth hormones such as BGH/rBST, Real California Milk® certified by the California Milk Advisory Board, and time-honored recipes making authentic all natural cheeses and yogurts available to consumers everywhere.
"All of our all natural yogurts and handmade cheeses are produced in our state-of-the art California facility yet benefit from the hand-crafted traditional methods of blending, aging and fermentation," Mr. Rostom Baghdassarian, COO adds. "We take pride in the many extra steps necessary to insure Karoun all natural yogurts and cheeses are the finest possible, bursting with purity and freshness."
Receiving the 2011 Business of the Year award for Karoun was Anto Baghdassarian, CEO and founder of Karoun Dairies. Mr. Baghdassarian emigrated to America with the dream of bringing authentic handmade cheeses and all natural yogurts to his new home and sharing the tradition of his homeland.
The Armenian American Chamber of Commerce (AACC) is a nonprofit organization committed to serving the needs of the business community in the U.S. and abroad. The AACC extends a helping hand and shares its collective resources, wisdom, and expertise with businesspeople who are asking for nothing more than a chance to exercise their right to succeed and prosper through hard work and equal opportunities - virtues that are intrinsic to both the Armenian and American cultures. Its mission is to advance the industrial, commercial, professional and public interests of the Armenian American community, locally, nationally, and internationally

Vanessa Kachadurian-Armenian President Pledges Tax Breaks for Manufacturers

Armenian President Pledges Tax Breaks For Innovative Manufacturers

Armenian President Serzh Sarkisian visits a newly constructed building for young scientists in Yerevan on April 9.
April 10, 2011
YEREVAN -- Armenian President Serzh Sarkisian has announced that companies and entrepreneurs that launch innovative manufacturing operations in the country will be eligible for major tax breaks, RFE/RL's Armenian Service reports.

At a meeting with members of leading business associations in Yerevan on April 8, Sarkisian reaffirmed the government's pledge to improve the business environment in Armenia. He said the government will also draft fiscal measures to encourage job creation.

"I want to declare to everyone here that that any manufacturing operation that will be set up in the republic on an innovative basis...to put it simply, if it manufactures something that is not manufactured in the republic today, we as a state are ready to help it by all possible means," Sarkisian said. "We are ready to give tax privileges in the first instance.

"For instance, we are ready to exempt [those manufacturers] from profit tax for three to four years and postpone the payment of value-added tax (VAT)," he said. "We are ready to give other assistance."

The government already selectively delays the collection of VAT from industrial equipment imported by local firms. This privilege is not automatic and has to be approved by the ministerial cabinet on a case-by-case basis.

Under Armenian law, the rate of corporate income tax is fixed at 20 percent for all businesses.

Many businesses, especially large and lucrative firms owned by tycoons with ties to the government, have long been suspected of underreporting their earnings. Proceeds from profit tax accounted for less than 15 percent of the government's total tax revenues last year.

Sarkisian met with entrepreneurs at one of three industrial enterprises in Yerevan that he visited on April 8. He has shown a keen interest in economic affairs in the past month, discussing them with central and regional government officials and inspecting businesses around the country. Some observers link this activity with renewed opposition demonstrations.

Sarkisian told Prime Minister Tigran Sarkisian and other top officials on March 11 to adopt a more hands-on approach to economic development. He said it is essential for speeding up GDP growth and easing hardship in Armenia.

Vanessa Kachadurian- Hye Quality Armenian Bakery

Hye Quality's History - A Part of the Fresno
Community for Many Generations




Hye Quality Bakery was established in 1957 by Yervant and Grace Ganimian (parents of the firm’s current president, Sammy Ganimian) shortly after the family moved from Boston to California’s San Joaquin Valley. Both parents had held demanding jobs in Boston, he as head baker at Beth Israel Hospital and she as manager of the family-owned pharmacy. Their original plans called for Yervant to pursue his trade as a master baker, freeing his wife to raise their children at home.

The plan did not come to fruition, and instead the Ganimians established their own business, Hye Quality Bakery, because they perceived a strong market in the Fresno area’s large Armenian population for high-quality, home-style Armenian baked goods. (Hye means "Armenian," hence the company’s name.) From the outset the family bakery produced quality Armenian cracker breads and other baked goods.

By 1978, having outgrown the 1,200-square-foot rental space it had occupied from the beginning, Hye Quality decided to construct a much larger facility equipped with state-of-the-art equipment. In the process it created a production line that both duplicated the handmade quality for which the firm was known and also produced sufficient volume to make national distribution a reality.

The family recipe, still followed to this day, clearly has withstood the test of time, and Sammy Ganimian has pledged to continue the father-to-son tradition of providing customers with the finest baked goods possible

http://www.hyequalitybakery.com

Vanessa Kachadurian-Swiss to operate new embassy in Armenia and future businesses

Swiss President Micheline Calmy-Rey lays reef at Armenian Genocide Monument



YEREVAN (Combined Sources)—Swiss president Micheline Calmy-Rey arrived in Armenia late Wednesday and held meetings with top Armenian officials including President Serzh Sarkisian on a number of issues related to Swiss-Armenia cooperation.

She was also on hand for the opening of the Swiss embassy in Armenia, which will be helmed by Konstantin Obolensky.1

Upon Sarkisian’s invitation, Calmy-Rey visited the Dzidzernagapert Memorial Monument and placed a wreath at the memorial for the Armenian Genocide victims. Calmy-Rey also watered a fir at the Memorial Alley which was planted in 2006.

On December 16 2003, the Swiss Parliament adopted a resolution recognizing the Armenian Genocide and criminalizing its denial.

At a joint press conference with Sarkisian, Calmy-Rey also touched on the Turkey-Armenia protcols.

“Formally, the Swiss mediation ended with the signing of the Zurich protocols,” she said. “However, I wouldn’t say that we have washed our hands and are indifferent to what is happening between Armenia and Turkey.”

“Switzerland wants the process of protocol ratification to resume and we are ready to do everything that would encourage the parties,” explained Calmy-Rey.