Legal services and analysis in Armenia

Tower’s Legal Team recently provided a comprehensive legal analysis on the Armenian commercial sector and related regulations to one of the top World Wide Multi Level Marketing Companies.

The Client received a picture of the Armenian Legal system, commercial specifics and other details on other branches of Armenian Law. Tower’s team analyzed the current practice of MLM companies in Armenia and provided its advice on the legal side of this type of commercial activity.

Source: Tower.am

Armenians plan to build two hotels in Kobuleti resort town, Georgia

Armenian investments in georgian travel business.
The Armenian businessmen intend to invest $5m in tourist zone of the Georgian Kobuleti resort located on Black Sea coast.


The entrepreneurs have already held a meeting with the representatives of Georgian Economy Ministry, Business Georgia reported. Applications for the construction of two hotels have been already submitted. Presently consultations concerning Anaklia area – seaside resort in Western Georgia, are being held. A total of $2 m is planned to be invested in Anaklia.

At the moment 20 investors are operating in a free tourist zone of Kobuleti which is one of the most popular summer resorts among Armenian tourists.

Source: Financial Armenia Blog