Ara Karyan

PhD in Economics, Associate Professor


Brief information (biography)

1976-1981 - Armenian Agricultural Academy             (Higher education)        
Faculty of Economics
1985-1988 - Economic Research Institute of the Ministry of Finance and Economy (Postgraduate)
Faculty of Economics
1995-1997 -  Central Bank of Armenia
Regulation and Analysis Department
Head of Department

1997-1999 - Ministry of Finance and Economy
Insurance Inspectorate
Head of department

1999-2001 - “Agrobank” JSC
Deputy Chairman/Treasurer
2001-2007 -  Budgetary and Economic Affairs of the National Assembly of the RA
Standing Committee on Finance-Credit
Senior specialist/Expert

2007-2009 - USAID Financial Sector Deepening Project, administered by EMG LTD Representative Office in Armenia
Senior specialist
2009-2011 - «Armenia» (Rasco) Insurance company
Executive Director
Since 2011 - AraratBank JSC
Strategy and Business Development Department
Head of department

1995 to present - Yerevan State University
Chair of Finances and Accounting
Associate Professor

Since 2014 - European Regional Educational Academy
Chair of Economy and Management
Associate Professor

Since 2010 - Russian-Armenian University
Chair of Economy and Finances
Associate Professor


List of publications

  • Banking (Study Guide), Chapter 14 “Regulation and Supervision banking activity ”ԳՄԴ 65.9 (2) 26 ց Ch. 7, Editor B. Asatryan, second revised and enlarged edition, Er-: Publishing house “Gir” 2013.
  • Fundamentals of Insurance (Study Guide), ԳՄԴ 65.9 (2) 27 ց 7, Er .: National Institute of Education, 2011
  • Economy: reforms, development, barriers, UNDP, Human Development, national report 2001 Ch. 2 "Independence and 10 years of a transitional period in Armenia ", p. 65-67, p. 71-76, p. 86-87 (in Armenian)
  • Solvency of insurance organizations: theory, international practice, problems and solutions (scientific monograph), co-author - K. Safaryan, YSU Publishing House, 2004
  • Corruption (textbook, scientific monograph), Yerevan, Grantprint 2005.

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