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Digital Strategy Technology Adoption Advisory Cyber Strategy https://www.mbconsulting.am/our-team-4 daily 0.75 2026-02-03 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1658819077387-U54VC3NSLXGRCFQ9KLX5/ZET_3018_Edited.jpg Our Team Davit Manukyan, PhD, CFA, ASA, PMP Managing Partner | Corporate Finance & Strategy https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1658819418320-NTNW5E8BJA7WAOBXZ8S6/ZET_3183_Edited_Small.jpg Our Team Aram Kayfajyan, PhD Partner | Capital Markets, Transactions & Strategy https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/d831bb9d-4e43-4e5d-af3f-75e391586d76/ZET_1917_Edited_LowRes.jpg Our Team - Make it stand out Vahan Hovsepyan, MBA, CFA Manager | Corporate Finance & Strategy https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617796054115-KS2O8MEGORUZ1Z24X555/ZET_3771_Edited_Croped.jpg Our Team Evelina Khachatryan, MIS Team Lead | Digital Transformation & Technology https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1658498056076-74YE0ZYOEU154KUC5G2U/ZET_3713_Edited_Croped.jpg Our Team Sona Hovhannisyan, MBA Senior Consultant | Markets & Growth Advisory https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/e9d98370-2c15-4d44-bca7-d09bdb4b092a/ZET_1991_Edited_LowRes.jpg Our Team - Make it stand out Artur Khosrovyan, MBA Consultant | Corporate Finance & Strategy https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/dc9d3ede-12e4-42ba-b054-f9148b48587e/ZET_1949_Edited_LowRes.jpg Our Team Araksia Milek Senior Consultant | Corporate Finance & Strategy https://www.mbconsulting.am/intellectual-property-armenia daily 0.75 2021-03-05 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1614934189054-WEOBUHG79MWFFNIYSGBL/pexels-pixabay-355948.jpg Intellectual Property Armenia https://www.mbconsulting.am/pagedm daily 0.75 2025-05-24 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617652043887-6FIDPBQ7VJWE22ACSWD1/ZET_3018_Edited.jpg DM https://www.mbconsulting.am/pageak daily 0.75 2025-05-24 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617796272935-UKDGV9TJSMZZAZPC5K5Z/ZET_3183_Edited_Small.jpg AK https://www.mbconsulting.am/sh1 daily 0.75 2025-05-24 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617796326757-OHROT111CI3B45OM9CQK/ZET_3713_Edited_Croped.jpg SH1 https://www.mbconsulting.am/armenbrok daily 0.75 2025-05-24 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/7bec830c-f3ff-483b-8a5f-a99daafbfee5/Armbrok+logo.png Armenbrok https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615662877455-V7NQ1VN39CVYJQN03PIR/unsplash-image-M_7gaxrDBFo.jpg Armenbrok - We are pleased to announce that MB Consulting and Armbrok Investment Company have entered into a strategic partnership, combining MB’s in-depth corporate finance, business consulting and legal advisory capabilities with Armbrok’s world class capital market expertise and investment solutions. We are pleased to announce that MB Consulting and Armenbrok Investment Company have entered into a strategic partnership, combining MB’s in-depth corporate finance, business consulting and legal advisory capabilities with Armenbrok’s world class capital market expertise and investment solutions. https://www.mbconsulting.am/home-1-1 daily 1.0 2026-04-22 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/b7dee8ba-3e4b-4c98-89bc-c07ccc361ecd/cover.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617544149639-8UMB39027IU9AN9DM1XD/unsplash-image-aCniNTiIFd8.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615670250121-U4KF3L492X0ALA0R0VZ4/unsplash-image-M_7gaxrDBFo.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615726238326-9KUZMYICDCYF31M46RZV/unsplash-image-2EJCSULRwC8.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615726283283-N4ZSAT1B0M1OKBJTWWET/unsplash-image-CkZF0-etxU8.jpg https://www.mbconsulting.am/about-mb daily 0.75 2026-04-22 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615558764632-DY4UDM9F40AMUKAM47F6/unsplash-image-dcL8ESbsGis.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615559124925-2PVR5VLJ5FRVU91TP9GM/unsplash-image-SYTO3xs06fU.jpg https://www.mbconsulting.am/uate daily 0.75 2021-03-14 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615726888109-3AV4ZKMU7DQ4Y25E6YH5/UATE_Logo_Eng.png UATE https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615726238326-9KUZMYICDCYF31M46RZV/unsplash-image-2EJCSULRwC8.jpg UATE - The UATE is a non-government, non-for-profit entity of IT and High-Tech companies, multinational corporations, organizations and institutions operating in Armenia. https://www.mbconsulting.am/import daily 0.75 2021-03-22 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1615726283283-N4ZSAT1B0M1OKBJTWWET/unsplash-image-CkZF0-etxU8.jpg Import dev - Import Diversification Guidelines We are happy to complete Import Diversification Guidelines for the 5 product groups. This project was conducted in cooperation with Business Support Office of Armenia, European Bank for Reconstruction and Development and the Ministry of Economy of the Republic of Armenia. Below you can download the respective guidelines: Plastic products Garments and textile raw materials Household appliances Citrus fruit Washing detergents https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1616419407559-PQIRWLJ4HO53DNGQ5XZW/Citrus Import dev - Citrus Cline https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1616435838423-JTZQHBPVATQUECQ82RO5/Transportation Import dev - Transportation Terms https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1616419825478-6PUM8A3HEFCFLSNYRVM9/Household+appliances Import dev - Household Appliances https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1616419706816-DCLK8OHW9JM81307EI64/Detergents Import dev - Washing Detergents https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1616419185874-O2DA18BW7IHK7CVWM682/Textile Import dev - Textile & Garment https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1616419306411-EU48TNEJG6E3TLJ5ABXQ/Plastic Import dev - Plastic Products https://www.mbconsulting.am/pageek daily 0.75 2021-04-07 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617796514676-KDDHIMMV3P70TVCUBM3V/ZET_3771_Edited_Croped.jpg EK https://www.mbconsulting.am/ebrd daily 0.75 2021-04-04 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617543126772-B9BY8SDY2Z66QI3FBCNF/unsplash-image-aCniNTiIFd8.jpg EBRD https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1612731911398-N1JA0EH9AHU0PV25O86I/unnamed.png EBRD https://www.mbconsulting.am/insights-1 daily 0.75 2026-02-03 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/c3611af1-88fd-4dd8-a854-38537d4f99d2/cover.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1619181556340-NR4A1N7DXGDZSFMHHIC3/unsplash-image-UUYkTnQkn9c.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617546754512-7IFR67GEJORLE3C3NE2O/unsplash-image-CkZF0-etxU8.jpg https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1768569126488-VYAOH2XTLGUPKOV3AC9H/unsplash-image-uJcpBpfp1x0.jpg https://www.mbconsulting.am/company-formation daily 0.75 2021-04-04 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1617545968838-HYT81UXA76Z1TEHQWH3C/unsplash-image-XN4T2PVUUgk.jpg Company formation https://www.mbconsulting.am/ecommerce daily 0.75 2021-04-14 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1618385892307-3IBDF2SIFHFUCYTZ630M/unsplash-image-KEMb3TSbZBc.jpg E-Commerce https://www.mbconsulting.am/banking2020 daily 0.75 2021-04-24 https://images.squarespace-cdn.com/content/v1/5eb583da562bee2e9ae7b410/1619183829971-MAKNF7PYEB3NZDPG3DTG/unsplash-image-UUYkTnQkn9c.jpg Banking2020 - Amid turbulent year the banking sector reported impressive growth and solid profitability, however there is outlook for higher risks. Despite the 7.6% economic decline, the banking sector of Armenia registers a solid growth in 2020. Total assets grew by 14.52%, loan portfolio by 13.44% and liabilities by 15.98%. All banks reported profit for 2020, and total profit of the system was over AMD 60 billion. 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