Galaxy Group of Companies, committed to its vision of actively contributing to Armenia’s economic development, has established partnerships with various business communities in Armenia and Europe. One such partnership is with the French-Armenian Chamber of Commerce and Industry (CCI France Arménie-CCI), founded by Tigran Arakelyan. Galaxy Group of Companies is a co-founder and a board member of the Chamber. In 2022, Galaxy Group signed a memorandum of cooperation with the Chamber, marking the beginning of joint works.
“Over the past years, we have successfully organized various business meetings, which have led to increased investment interest from the European business community and facilitated the exchange of business management models. Our collaboration with the French-Armenian Chamber of Commerce and Industry has been fruitful and continues to yield positive results. We have new joint initiatives ahead, particularly in organizing the ‘Economic Summit’ in Paris this September, where Galaxy Group of Companies will be the main partner. This is significant not only for Galaxy but also for the development of Armenian-European investment directions,” said Aram Khachatryan, co-founder and CEO of Galaxy Group of Companies.
The French-Armenian Chamber of Commerce and Industry, licensed by the French Ministry of Economy, has 151 member companies, including Pernod Ricard Armenia, Amundi-ACBA Asset Management, Renault, Arterail, ACBA Bank, and PGM Precision, with substantial French capital. The cooperation between Galaxy Group and the Chamber focuses on introducing renowned French brands to the Armenian market.
“Our partnership with Galaxy Group of Companies has led to the formation of business values and has added a new dimension to the business culture in Armenia. Galaxy Group of Companies, with its extensive resources, is a reliable partner. Our collaboration is stable, rich with new joint projects, and I am confident it sets an example for businesses opting for a European direction. In the near future, we plan to launch the CCI Invest Foundation program, which will facilitate small and medium-sized businesses to enter European, particularly French, markets. This, in turn, will significantly aid in bringing numerous French brands into Armenia,” said Tigran Arakelyan, President of the French-Armenian Chamber of Commerce and Industry.
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Galaxy Group of Companies is one of Armenia’s largest employers and taxpayers. Over its 20 years of operation, Galaxy has created and developed 15 businesses in Armenia, Georgia, and Belarus, ensuring their management and strategic development. The success factors for all companies have been sectoral innovation, effective team engagement, and a responsible business culture based on continuous learning.
The French-Armenian Chamber of Commerce and Industry works to promote economic relations between France and Armenia, encouraging French companies to establish themselves in Armenia and developing the international potential of Armenian companies. For 13 years, the Chamber has led and strengthened the French-Armenian business community, helping French companies maximize the opportunities provided by the Armenian market and supporting Armenian companies in expanding their activities in Europe.
