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 Of Economics and Business'sReport and Activity Plan 2024

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
CHIEF MANAGER FOR THE ORGANIZATION OF THE FULL-TIME EDUCATIONAL PROCESS Naira A. Karapetyan E-mail: [email protected]
Int.: 424
SENIOR MANAGER FOR THE ORGANIZATION OF THE FULL-TIME EDUCATIONAL PROCESS Anahit H. Grigoryan E-mail: [email protected]
Int.: 424
CHIEF MANAGER FOR THE ORGANIZATION OF THE EDUCATIONAL PROCESS IN THE PART-TIME LEARNING FORMAT
Lolita H. Taschyan 		E-mail: [email protected]
Phone: (+374 12) 26-74-91
Int.::  363
SCIENTIFIC CONSULTANT Hrant A. Bagratyan
Doctor of Economics, Professor 		E-mail: [email protected]
Int.: 358
MANAGER MBA Satik R. Torosyan E-mail: [email protected]
Phone: (+374 12) 26-74-91
Int.: 363
Civil law contract
 
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
Armine V. Aghajanyan
PhD in Economics, Ass. Professor 		E-mail: [email protected]
Int.: 358
Manager
Sona K. Terteryan 		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
2024/2025 academic year
№ Name, surname
Degree/position
1 Arzik M. Suvaryan Doctor of Economic Sciences, Professor, Head of the Department of Management and Business, Chairperson
2 Irina B. Petrosyan Candidate of Economic Sciences, Associate Professor, Head of the Department of Economic Theory and Issues of Transition Economy, 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. Tashchyan Senior Manager for the Organization of the Correspondence Education Process
5 Larisa K. Mzikyan Deputy Director of the Institute of Economics and Business
Faculty staff of the Institute of Economics and Business
6 Mariam H. Voskanyan Doctor of Economic Sciences, Associate Professor, Head of the Department of Economics and Finance
7 Ashot A. Tavadyan Doctor of Economic Sciences, Professor, Head of the Department of Mathematical Methods and IT in Economics and Business
8 Armine V. Aghajanyan Candidate of Economic Sciences, Associate Professor, Head of the Department of Tourism and Service
Faculty staff of the Institute of Economics and Business
9 Hrant A. Bagratyan Doctor of Economic Sciences, Professor, Scientific Consultant of the Institute
10 Vahram G. Abramyan Doctor of Economic Sciences, Professor, Department of Management and Business
11 Mariam B. Momjyan Candidate of Economic Sciences, Associate Professor, Department of Management and Business
12 Arman A. Avetyan Candidate of Economic Sciences, Associate Professor, Department of Management and Business
13 Tigran Sh. Davtyan Candidate of Economic Sciences, Associate Professor, Department of Management and Business
14 Martiros Y. Petrosyan Doctor of Economic Sciences, Professor, Department of Economics and Finance
15 Karen V. Nersesyan Candidate of Economic Sciences, Associate Professor, Department of Economics and Finance
16 Ani H. Galstyan Candidate of Economic Sciences, Associate Professor, Department of Economics and Finance
17 Armen B. Eghiazaryan Candidate of Economic Sciences, Associate Professor, Department of Economic Theory and Issues of Transition Economy
18 Edgar G. Karapetyan Candidate of Economic Sciences, Associate Professor, Department of Economic Theory and Issues of Transition Economy
19 Aghassi A. Tavadyan Candidate of Economic Sciences, Associate Professor, Department of Mathematical Methods and IT in Economics and Business
20 Stepan K. Mantarlyan Candidate of Economic Sciences, Associate Professor, Department of Tourism and Service
21 Victoria B. Petrosyan Senior Lecturer, Department of Tourism and Service
     
Representatives of students at the Institute of Economics and Business at RAU
  Name, surname
Level of study/speciality/course
22 Liza Saakyan Chairperson of the Student Council ("Management," 4th Year)
23 Ani Manucharyan Student, 3rd Year ("Economics")
24 Izabella Manukyan PhD Student, 3rd Year ("Management")
25 Georgiy Melkonyan PhD Student, 3rd Year ("Finance, Money Circulation and Credit")
26 Anahit Grigoryan PhD Student, 1st Year ("Management")
27 Samvel Ashotyan PhD Student, 1st Year ("Economic Theory")
28 Elen Hayrapetyan Master's Student, 1st Year ("Management," Armenian Sector)
29 Ani Margaryan Master's Student, 1st Year ("Finance," Armenian Sector)
30 Syuzanna Latoyan Student, 4th Year ("Tourism")
31 Sona Papyan Student, 4th Year ("Tourism," Armenian Sector)

Student Council

Student Council
The Student Council is an active, initiative-driven, and cohesive structure that represents students' interests and promotes their comprehensive development. Its primary goal is to enhance the quality of student life, protect students' rights and interests, and create opportunities for youth self-fulfillment.

The Student Council actively plans and organizes cultural, educational, sports, and entertainment events.
A significant part of its work includes participating in social and volunteer projects. The council represents students in dialogues with university administration, conveying their wishes, ideas, and suggestions, and assisting in addressing current issues.

Participation in the Student Council helps students develop leadership, communication, project management, and teamwork skills.

Sahakyan Liza
Chair of the Student Council of the Institute of Economics and Business

Sahakyan Arevik
Vice-Chair of the Student Council of the Institute of Economics and Business