Industries
MB Consulting brings deep sector knowledge across the industries that drive Armenia's economy and shape its development priorities. Our analytical work, advisory engagements, and published research reflect genuine expertise, built through years of direct client work, not generalist positioning.
Where we work
Our four practice areas, Corporate Finance, Capital Markets, Strategy, and Economic Studies, cut across a focused set of industries where we have built meaningful analytical depth and client track record. The sector knowledge we bring to each engagement shapes the quality of the analysis we deliver and the speed at which we can do it.
Infrastructure & Transport
MB Consulting's infrastructure and transport practice covers two distinct but connected areas. The first is public infrastructure investment, economic and financial appraisal of transport infrastructure projects including roads, bridges, tunnels, metro systems, bus networks, and urban public transport. The second is logistics and mobility analysis, market studies, demand analysis, and strategic advisory on freight logistics, e-mobility, and transportation system development across Armenia and the region.
Our published infrastructure work includes an ADB-commissioned climate risk and adaptation study covering Armenia's national road network, quantifying $10.4 million in annual expected losses from flooding, rockfalls, and landslides, rising to $29.7 million under high-emissions climate scenarios.
In logistics and e-mobility, MB has conducted extensive analytical work on Armenia's freight and passenger transport landscape, including market sizing, demand forecasting, competitive analysis, and strategic assessment of electric vehicle adoption and charging infrastructure development, reflecting the sector's growing importance to Armenia's economic and environmental priorities.
Banking & Financial Services
Armenia's banking and investment sector is MB Consulting's most extensively covered industry. We publish structured quarterly reviews tracking asset growth, capitalization, profitability, and year-on-year performance across the full sector. Our analytical work spans credit analysis, sector benchmarking, and capital markets advisory for financial institutions, drawing on a detailed, continuously updated dataset built over multiple years of coverage.
Through our strategic partnership with ROQ Capital, one of Armenia's largest investment firm by assets, we combine analytical coverage with direct capital markets advisory capability, supporting both issuers and investors in navigating the Armenian securities market.
Our Capital Markets practice covers bond and equity issuance advisory, equity and credit research, post-issuance compliance, and investment advisory, making this one of the most integrated sector practices in MB's portfolio.
Technology & Telecommunications
MB Consulting's technology and telecommunications practice covers the technology, telecommunications and start-up ecosystem financial advisory, valuation, and strategic advisory, business planning and investor readiness through to equity transactions, ESOP design, and capital raising.
In technology and start-ups, MB brings both the financial analytical tools and the strategic advisory capability relevant to founders, management teams, and investors navigating Armenia's fast-growing technology sector. Our work spans commercial strategy, investor-ready business planning, business and intangible asset valuations, including brand, customer relationship, and technology asset valuations relevant to technology company transactions, and ESOP design and implementation for equity-incentivized teams.
In telecommunications, MB provides independent financial analysis and advisory for one of Armenia's most capital-intensive and regulated industries.
MB's membership in the Union of Advanced Technology Enterprises reflects our commitment to Armenia's technology and innovation ecosystem and our ongoing engagement with the sector's leading companies and institutions.
Energy & Environment
MB Consulting's energy and environment practice spans three connected areas: environmental economic analysis for IFI and public-sector clients, financial advisory and valuation for energy and renewable energy companies, and capital markets advisory for green and sustainable finance instruments.
Our energy and environment advisory extends to climate change and green transition studies, climate and disaster risk assessments, and ESG analytical work for public-sector and IFI clients.
MB Consulting's environmental economic work is anchored by the ADB Lake Sevan publication, a landmark study valuing the lake's ecosystem services at approximately $397 million annually, assessing climate-amplified eutrophication risks, and evaluating wastewater treatment investment scenarios. Published as an ADB knowledge product, the study represents one of the most comprehensive environmental economic analyses produced in Armenia.
Agriculture & Food Production
Agriculture remains one of Armenia's most economically significant sectors, and MB Consulting has delivered corporate finance and economic advisory work across the value chain, from farm-level financial modeling and feasibility analysis for agribusiness investments through to sector-level economic impact assessments. Our analytical work in this sector spans both private-sector advisory (valuations, transaction support, financial modeling for investors and lenders) and public-sector economic analysis for IFI-funded agricultural and rural development programmes.
Construction & Property Development
MB Consulting provides financial advisory and valuation services for construction sector, developers, investors, and lenders across Armenia.
Our work in this sector spans business and business interest valuations, project appraisal and financial feasibility for development projects, financial due diligence on property transactions, and debt planning for real estate financing. We bring both the commercial perspective of a private-sector advisor and the analytical rigour of an internationally credentialed valuation practice to real estate mandates.