Caused by the history of the past and present, a small country is turned into a big nation through the links between Armenia and its Diaspora of millions living in more than 100 countries of the world. Russia, the United States, France, Georgia, Lebanon, Argentina, Canada, Iran, etc. are now home for more than 7 million Armenians.
The link between the Armenians worldwide has always remained strong, regardless of everything and is a yet-to-be-realised potential. Skills and knowledge from different continents have been transforming into tangible and non-tangible outcomes in Armenia. Despite the differences between the main scopes of the cooperation with Armenia between old and new Diasporas, Armenians from around the world have already had their input in the work of different fields of life in the country, by means of individual ventures or repatriation programmes.
The old Diaspora is mostly engaged in such activities as trade, tourism, philanthropy, and political lobbying which has led to the creation of new enterprises and securing the flow of foreign direct investment (FDI). Many foundations (Armenian General Benevolent Union, Fund for Armenian Relief, Tufenkian Foundation, Jinishian Memorial Foundation, Armenian Relief Society, Aznavour for Armenia, Calouste Gulbenkian Foundation, etc) and philanthropist (Kirk Kirkoryan, Steven Kandarian, Eduardo Eurnekian, the Hovnanian Family, Gerard Cafesjian, Vartan Sirmakes, the Izmirlian Family, Levon Hayrapetyan, Ruben Vardanyan, Samvel Karapetyan, etc.) continuously and successfully direct their efforts to the development of Armenia.
Rarely being engaged in large-scale development projects, the new Diaspora is more concerned with the immediate needs of the people. Their connection to the Armenian economy is not reflected by investments, but rather by private remittances keeping most Armenian families heavily dependent on them. However, the Republic of Armenia owes much to the Diaspora, as the overall diaspora investments comprise up to 25 percent of FDI in Armenia.
The Armenian Diaspora which was formed under different socio-economic factors in different periods of its history can now gradually be transformed into an unprecedented force. Directing the links and power of Diaspora towards boosting the economic growth of the country will transform into strengthening the past, present and most importantly the future of the Armenian nation worldwide.
The diaspora directs FDI, technology transfers, philanthropy, political contributions and cultural influences to Armenia that may have a huge influence on the development of the country. The continuous cooperation between the Diaspora and Armenian government will foster an economic growth and bigger amount of investment.
Armenia-Nation of Innovation
Armenian and the Diaspora
In this section, we would like to randomly introduce you well-know Armenians over the world.
Winemaker, wine expert, chairman of Russian Union of Sommeliers and Experts, honored sommelier of Russian Federation, general manager of “New Wine Company”, founder of “Wine People” school, owner of “Le Sommelier” wine boutique.
President of Megerian Carpet OJSC
The Megerian family migrated to the United States in 1917 and, following the traditions of four generations of the family, it was engaged in repair of old carpets and production of new ones which then served as a foundation for the establishment of Megerian Company.