About Us

Institute Of Economics and Business

Russian-Armenian (Slavonic) University (RAU) was founded in 1997 as an international public educational institution in accordance with the agreement between the governments of the Russian Federation and the Republic of Armenia. The University has established a good reputation as an outstanding academic educational institution that prepares highly skilled professionals in a wide range of various fields, who are capable of using their skills and knowledge in any part of the world. Graduates of our university are highly in demand and are respected in the labor market both in Armenia and other CIS countries.

Institute of Economics and Business at the RAU was founded in 2012 according to the order № 01-07/351 by the rector of the university from May 15, 2012. Here is concentrated a unique faculty, consisting of the best specialists of Armenia, with extensive experience in respective fields. Extensive international connections provide students and teachers unique opportunities for mobility. And finally, the educational programs meet all the standards of the Russian Federation, the Republic of Armenia and the European.

The purpose:

To ensure a high level of education programs at all levels of education (undergraduate, specialties, MA), as well as postgraduate and additional professional education.

The objectives:

✓ Train the specialists on lines of activity of the Institute, possessing general cultural and professional competence;

✓ Increase the number of the students at the Institute;

✓ Ensure a high level of educational process, discovery and development of innovative methods of organizing the learning process, and also improving the organizational methods of the educational process;

✓ Conduct fundamental and applied scientific researches;

✓ Promote competitiveness of graduates of the institute in the labor market and their subsequent employment;

✓ Promote the advancement of RAU in the world rankings.

Institute of Economics and Business has 5 functioning departments:

Department of Economics and Finance
Department of Economic Theory and the Issues of Transition Period Economies
Department of Management and Business
Departments of Tourism and Services
Department of Mathematical Methods and Information Technologies in Economics and Business

Institute Director

 



                                Zhirayr Aramyan
  Director of the Institute of Economics and Business
  "Big Interview" with Zhirayr Aramyan, Director of the Institute of Economics and Business of RAU









Education
  • 1978-1982: Yerevan State Institute of National Economy, Faculty of "Labor Economics"
  • 1982-1987: Yerevan State Institute of National Economy, Postgraduate studies in "Labor Economics"
Work Experience
  • June 2023 - Present: RAU (Russian-Armenian University)
    • Director of the Institute of Economics and Business
  • October 2015 - June 2023: RAU (Russian-Armenian University)
    • Deputy Director of the Institute of Economics and Business
  • March 2002 - September 2015: Armenian Development Agency, Armenia Development Fund
    • Head of the secretariats of the Entrepreneurship Support Council and the Industrial Policy Council focused on export under the Prime Minister of RA
  • December 2000 - March 2002: Government of RA
    • Head of the Production Infrastructure Department of the Government Apparatus
  • September 1999 - November 2000: Ministry of Finance and Economy of RA
    • Head of the Office
  • August 1998 - September 1999: Ministry of Finance and Economy of RA
    • Chief Advisor to the Minister
  • February 1997 - August 1998: Private Entrepreneurship
  • March 1996 - February 1997: Interdepartmental State Commission for the Privatization and Denationalization of Enterprises and Unfinished Construction Objects of RA
    • Head of the Methodology Department
  • November 1992 - February 1996: State Commission for the Privatization and Denationalization of Enterprises and Unfinished Construction Objects of RA
    • Elected by the Supreme Council of RA as a member of the commission
  • November 1989 - April 1993: All-Union Trade and Production Association "Armrybpromsbyt"
    • Deputy Chief Director for Financial and Economic Affairs
  • December 1988 - November 1989: All-Union Trade and Production Association "Armrybpromsbyt"
    • Head of the Planning and Economic Department
  • July 1987 - December 1988: All-Union Sectoral Scientific Research Laboratory of the Yerevan State Institute of National Economy, Department of "Labor Economics"
    • Senior Researcher
  • 1985 - 1989: Institutes for Advanced Training of Personnel of Nonferrous Metallurgy and Electrical Engineering Industry of the USSR
    • Lecturer (part-time)
  • 1984 - 1987: All-Union Production Association "LUYS" Yerevan Lamp Plant
    • Specialist in the Labor and Wages Department, Head of the Bureau
  • 1982 - 1984: Service in the Soviet Army
Professional Training
  • November 2004 - December 2004: Japan – Japan International Cooperation Agency (JICA)
    • Qualification as a company management specialist
  • October 2001 - November 2001: USA – Aviation System and Airport Security
  • October 1999: Belgium – Tax and Customs Systems
  • September 1994 - November 1994: USA – American Institute of Management
    • Received qualification as a manager
Marital Status
Married, father of three sons.



 

 

Structure

DIRECTOR Zhirayr B. Aramyan E-mail: [email protected]
Phone: (+374 12) 27-20-12
Int.: 355
DEPUTY DIRECTOR
Larisa K. Mzikyan
  		E-mail: [email protected]
Phone: (+374 12) 26-11-95
Int.: 404
ASSISTANT DIRECTOR Mary A. Avetyan E-mail: [email protected]
Int.: 420
SCIENTIFIC CONSULTANT Hrant A. Bagratyan
Doctor of Economics, Professor 		E-mail: [email protected]
Int.: 358
ACADEMIC CONSULTANT-TUTOR Ani G. Galstyan
PhD in Economics 		E-mail: [email protected]
Int.: 362
MANAGER MBA Satik R. Torosyan E-mail: [email protected]
Phone: (+374 12) 26-74-91
Int.: 363
 
DEPARTMENT OF ECONOMICS AND FINANCE Head of Department
Mariam H. Voskanyan
Doctor of Economics, Ass. Professor 		E-mail: [email protected]
Int.: 357
Managers
Iveta K. Stepanyan
Anna V. Esayan 		E-mail: [email protected]
E-mail: [email protected]
Int.: 359
DEPARTAMENT OF ECONOMIC THEORY AND THE ISSUES OF TRANSITION PERIOD ECONOMIES Head of Department
Irina B. Petrosyan
PhD in Economics, Ass. Professor 		E-mail: [email protected]
Int.: 356
Manager
Lilia A. Nashikyan 		E-mail: [email protected]
Int.: 359
DEPARTMENT OF MANAGEMENT AND BUSINESS Head of Department
Arzik M.Suvaryan
Doctor of Economics, Professor 		E-mail: [email protected]
Int.: 360
Managers
Valentina A. Saakyan
Armine E. Karapetyan 		E-mail: [email protected]
E-mail: [email protected]
Int.: 360
DEPARTMENTS OF TOURISM AND SERVICES Head of Department
Tigran Sh. Davtyan
PhD in Economics, Ass. Professor 		E-mail: [email protected]
Int.: 358
Manager
Anahit A. Grigoryan 		E-mail: [email protected] 
Int.: 359
DEPARTMENT OF MATHEMATICAL METHODS AND INFORMATION TECHNOLOGIES IN ECONOMICS AND BUSINESS Head of Department
Ashot A. Tavadyan
Doctor of Economics, Professor 		E-mail: [email protected]
Int.: 361
Manager
Maria R. Abazyan 		E-mail: [email protected] 
Int.: 361

Academic Council

Members of the Academic Council
Institute of Economics and Business at the Russian-Armenian University
2023/2024 academic year
 
№ Name, surname Degree/position
1 Arzik M. Suvaryan Doctor of Economics, Professor, Head of the Department of Management and Business, Chairman
2 Irina B. Petrosyan PhD in Economics, Ass. Professor, Head of the Department of Economic Theory andThe Issues
of Transition Period Economies, Academic Secretary
Administrative staff of the Institute of Economics and Business RAU
3 Zhirayr B. Aramyan Director of the Institute of Economics and Business
4 Lolita H. Tashyan Senior Manager for the organization of the educational process of the correspondence department
5 Satenik R. Torosyan Manager of the Business School at RAU
6 Larisa K. Mzikyan Deputy Director of the Institute of Economics and Business
Faculty staff of the Institute of Economics and Business
7 Mariam H. Voskanyan Doctor of Economics, Ass. Professor, Head of the Department of Economics and Finance
8 Ashot A. Tavadyan Doctor of Economics, Professor, Head of the Department of Mathematical Methods and IT in Economics and Business
9 Tigran Sh. Davtyan PhD in Economics, Ass. Professor, Head of the Department of Tourism and Services
Faculty staff of the Institute of Economics and Business
10 Hrant A. Bagratyan Doctor of Economics, Professor, Scientific Consultant of the Institute
11 Vahram G. Abrahamyan Doctor of Economics, Ass. Professor, Department of Management and Business
12 Mariam B. Momjyan PhD in Economics, Ass. Professor, Department of Management and Business
13 Arman A. Avetyan Ph.D. in Economics, Ass. Professor, Department of Management and Business
14 Martiros Y. Petrosyan Doctor of Economics, Professor, Department of Economics and Finance
15 Karen V. Nersisyan PhD in Economics, Ass. Professor, Department of Economics and Finance
16 Ani G. Galstyan Ph.D. in Economics, Ass. Professor, Department of Economics and Finance
17 Armen B. Yeghiazaryan PhD in Economics, Ass. Professor,  Department of Economic Theory and The Issues of Transition Period Economies
18 Edgar G. Karapetyan PhD in Economics, Ass. Professor, Department of Economics and Finance
19 Aghassi A. Tavadyan Ph.D. in Economics, Ass. Professor, Department of Mathematical Methods and IT in Economics and Business
20 Stepan K. Mantarlyan PhD in Economics, Ass. Professor, Department of Tourism and Service Industry
21 Victoria B. Petrosyan Senior Lecturer, Department of Tourism and Service Industry
     
Representatives of students at the Institute of Economics and Business at RAU
  Name, surname Level of study/speciality/course
22 Ruben Zakaryan Chairman of the Student Council ("Economics," 4th year)
23 Izabella Manukyan Ph.D. student, 2nd year ("Management")
24 Georgiy Melkonyan - Ph.D. student, 2nd year ("Finance, Money Circulation, and Credit")
25 Anahit Grigoryan Master's student, 2nd year ("Management")
26 Zinavard Papyan Master's student, 2nd year ("Economics")
27 Elen Hayrapetyan Student, 3rd year ("Management," Armenian sector)
28 Ani Margaryan Student, 3rd year ("Finance," Armenian sector)
29 Syuzanna Latoyan Student, 3rd year ("Tourism")
30 Sona Papyan Student, 3rd year ("Tourism," Armenian sector)



 

Student Council

It's not a secret for anyone that student years are not only lectures, seminars, conferences, it is also a rich extracurricular life, a life full of communication, emotions and unforgettable impressions. The Student Council of the Institute of Economics and Business is the main organizer of the Institute.
The heart of any university is the Student Council. He is the liaison between students and the university leadership.

The Student Council of Economics and Business is a big friendly family, where everyone has their share of participation. Participation in the life of the Student Council is a profitable investment in yourself. This is an experience that allows you to develop the skills needed in the future: communication skills, diplomacy, the ability to negotiate and defend your own position. Here everyone finds his calling and it is thanks to the work of the Student Council that he reveals his talents.

People often ask: "Why go to the Student Council?" This question can be answered in different ways. But the main advantage is that you better understand people, their motives, actions, positions. This is your chance to find yourself, implement the most incredible ideas, implement the most daring projects, lead people and become a team.

The main task of the IE&B Student Council is to unite students, contribute to the development and prosperity of the educational process both in our institute and in the RAU as a whole, to contribute to strengthening the close relationship between the administration of the institute, teachers and students.
The Student Council does everything to make the student's life rich not only in academic terms, but also culturally. After all, the ability to rest properly is our slogan!

Chairman –Milena Tadevosyan, email: [email protected]
Deputy Chairmen – Maria Abazyan, email: [email protected]