YEREVAN, SEPTEMBER 6, ARMENPRESS. A group of Armenian businessmen led by billionaire tycoon Samvel Karapetyan have established a new organization called the Association of Armenian Entrepreneurs, according to SPARK-Interfax.

The association has been officially registered this week in Moscow, Russia. Karapetyan, a Russia-based Armenian billionaire and owner of the Tashir Group of Companies, will serve as president of the organization.

Co-founders include Fora-Bank President Hayk Ignatyan, Comedy Club founder Arthur Janibekyan, Tashir First Vice President Varuzhan Artenyan, Luding Wine Imports co-owner Armen Shahazizyan and others.

Edited and translated by Stepan Kocharyan