Galaxy Group of Companies: Overview 2023

COMPANY OVERVIEW 2023

© All rights reserved 2023, Galaxy Group of Companies 1999-2023.

No part of the content or the content in complete in the Company Overview 2023 may be used without the written consent of the Galaxy Group of Companies.

Ethically created by AxelMondrian & Partners CSJC, Yerevan Gate

Galaxy Group of Companies is a multi-industry and multinational conglomerate headquartered in Yerevan and operating in three countries. The Group stands as one of the largest corporations in the region, having consistently ranked among the top taxpayers in Armenia, and comprises 15 companies, each positioned as leaders in its respective industries.

While the commercial nature of business remains as an integral part of the corporate operations, Galaxy Group’s mission extends way beyond business affairs. With each new company, the Group brings new, disruptive innovations to the private sector in order to both ensure constant development and raise the prevailing standards within the market. Galaxy Group is also a big proponent of social responsibility, having implemented many CSR projects to improve lives and communities as well as promoting corporate citizenship as an inherent business value in Armenia.

Galaxy Group of Companies Company

OUR COMPANY

key people model governance story values founders

Behind the image of a multi-industry, successful corporation hides the over 24 years long journey of hard work, trials and tribulations, failures that are masked by the eventual outcome.

Galaxy Group of Companies was not an overnight success, on the contrary, it was the result of consistency and resilience; the dozens of mistakes made along the way mixed with the willingness to accept and learn from those experiences.

Before forming Galaxy Group of Companies, Gurgen and Artyom Khachatryans and their cousin Aram Khachatryan were just young brothers who aspired to be entrepreneurs. They tried their hands at starting multiple small businesses in their youth. Worked hard, had successful cases, failures too, but those success cases defined all that we have known today as Galaxy.

Our corporate history traces back to 1999, from which point on Galaxy Group of Companies of today has been formed step by step, overcoming multitudes of challenges along the way. In a 24-year span, we have managed to expand and diversify our business portfolio, establish brands beloved by customers, enter and innovate a variety of industries. Our companies have become leaders in their respective industries, setting new benchmarks and standards for others to follow, whilst maintaining the characteristics unique to them.

Among the many feats we have accomp-lished over the years, what we take the most pride in is the fact that Galaxy Group of Companies is formed with capital of mainly Armenian origin. Our primary objective with each company that we establish is to contribute to the development of Armenia’s economy and to improve the quality of life of our community. It is our belief that the well-being and prosperity of our company is directly correlated with that of our country—therefore, in this mutually symbiotic relationship, we have to ensure that we hold our end of the deal and do our part in developing Armenia.

Our story is not unique by any means. Nor is it an over-glorified underdog story. We did not have a sudden rise to the glory, did not experience ups and downs of galactic scale. Our story does not resemble that of a business fairy tale propagated by fictitious literature. Galaxy Group of Companies is just an example of a company operating on a fundamentally sound basis, sticking to its guns through thick and thin without letting external pressure get in the way. We take no shortcuts, do not compromise our quality for short-term gains and, ultimately, never put personal interests above those of the institution. We let our work do the talking—success is merely its by-product.

MESSAGE FROM PREFACE OUR FOUNDERS

“In business mistakes are inevitable. In fact, 90% of businesses, fail not because of mistakes but because they stop at the first mistake. We at Galaxy Group belong to the other 10% that starts over and over again until they achieve their goal. Hard work, continuous learning and consistency are the foundation of our team’s success.

From small to big, we don’t have minor tasks— in our mission to deliver success, every detail is important. While everyone’s aiming at the stars, trying to explore the universe, we at Galaxy believe in the commitment to improve our own home, community and the lives around us. Whatever you search for—that’s here, that’s home, that’s us! ”

forward thinking

We always challenge the ordinary, rethink the existing. We are always the first to ask questions and answer them with our work. We meet the challenges through knowledge-based approaches. Our ability to see ahead and calculate all courses of action lead us to practical innovation with maximal output. We always think about the markets of tomorrow.

continuous learning

Excellence comes from our ability to learn from each other. We work hard, we try, we evaluate, we deliver and we grow. On the path of our business advancement, each experience brings new knowledge, while enhancing the opportunities of implementing our mission towards bettering the world and the quality of life.

game-changing

With every market we enter and every project we initiate, we set new standards for the industry. We strive to change the game not for the sake of merely shaking things up but pushing ourselves and our competitors towards better understanding and comprehension of our customers’ needs. We’re on a mission to improve people’s everyday lives.

FOUNDERS

GURGEN KHACHATRYAN Co-Founder & Co-Chairman gurgen@galaxygroup.am

Gurgen Khachatryan is the Co-Founder and Co-Chairman of Galaxy Group of Companies and also serves as the Chairman of the Board of Directors of Ucom CJSC. He is responsible for the strategic development and expansion of the Group, including partnerships and joint ventures with international players, such as Ericsson, Etix, Swatch Group, Richemont Group, Marriott International, and PAUL international among others. Gurgen curates high impact industries in the Group, such as Telecommunications and Commercial Real Estate. He was at the roots of establishing country’s leading telecom operator, the largest Internet & IPTV provider – Ucom.

Gurgen holds a Ph.D. in Law from Yerevan State University and is an alumnus of Harvard Business School, Executive Education.

Artyom Khachatryan is the Co-Founder and Co-Chairman of Galaxy Group of Companies. He curates and develops retail and hospitality industries in Galaxy Group, driving the most dynamic and actively expanding companies. His portfolio is comprised of Courtyard by Marriott hotel and Teryan5 residential building, PAUL French bakery franchise in Armenia, Chronograph—chain of luxury jewelry & watch boutiques in Armenia and Georgia, TI’ME & Pandora premium jewelry and watch stores in Armenia, Georgia and Belarus.

Artyom holds a Ph.D. in Law from Public Administration Academy in Armenia and is an alumnus of London Business School, Executive Education and Saïd Business School, University of Oxford, Executive Leadership.

Aram Khachatryan is the Co-Founder and CEO of Galaxy Group of Companies. He is in charge of organizational development and operations of the Group. Aram has established the first company of Galaxy – MegaFood, one of the largest importer and distributor of confectionery and food products on the local market. He has driven the retail direction of the Group for many years setting benchmarks for the industry. He has received a Vazgen Sargsyan Medal from Armenia’s Ministry of Defense, as well as a medal from the Armenian Soldier Association for his continuous contribution to the national defense.

Aram holds a Ph.D. in International Relations from Yerevan State University. He is an alumnus of Saïd Business School, University of Oxford, Executive Leadership.

ARAM KHACHATRYAN Co-Founder & CEO aram@galaxygroup.am

ARTYOM KHACHATRYAN Co-Founder & Co-Chairman artyom@galaxygroup.am

ARUSTAMYAN ARINA Commercial Director, Ucom arina.arustamyan@ucom.am

BAGHDASARYAN VIKTORYA HR & Org. Development Director, Ucom viktorya.baghdasaryan@ucom.am

ASATRYAN ARMEN Chief Executive Officer, Upay armen.asatryan@upay.am

BEGLARYAN CHRISTINA Co-Founder & CEO, Gate2 christina@gate2.am

GABRIELYAN ELINA

Deputy CEO, Business Operations, Galaxy Group elina@galaxygroup.am

GELASHVILI TAMAR General Manager, Chronograph Georgia tamar.gelashvili@chronograph.ge

AVAGIMYAN SHUSHAN Business Development Director, Yerevan Mall shushan@yerevanmall.am

AVETISYAN GABRIEL

Chief Executive Officer, Chronograph gabriel.avetisyan@chronograph.am

BABAYAN TIGRAN Chief IT Officer, Galaxy Group tigran@galaxygroup.am

DANIELYAN AREG Director, Kino Park areg.danielyan@kinopark.am

DILANYAN VAHAN

Chief Communications Officer, Galaxy Group vahan.d@galaxygroup.am

GABITASHVILI KETEVAN Country Manager, TI'ME Georgia ketevan.gabitashvili@time.ge

GHAZARYAN ANNA Chief Marketing Officer, TI'ME Group anna.ghazaryan@time.am

GRIGORYAN MARINE

Chief Brand Management & Logistics Officer, TI'ME Group marine.grigoryan@time.am

HAKOBJANYAN DAVID Chief Accountant, Galaxy Group david@galaxygroup.am

HAKOBYAN ARTYOM Chief Financial Officer, Yerevan Mall artyom.hakobyan@yerevanmall.am

HOVHANNISYAN NORAYR Commercial Director, TI'ME Group norayr.hovhannisyan@time.am

KARAPETYAN EDGAR Director of Strategy and Innovation, Galaxy Group edgar@galaxygroup.am

LORIKYAN HAYK Deputy CEO, Business Development, Galaxy Group hayk@galaxygroup.am

KHACHATRYAN LIANA Chief HR Officer, TI'ME Group liana.a.khachatryan@time.am

MANASYAN HAYK Head of Sales Department, Megafood hayk.manasyan@megafood.am

ILBEKYANTS VAHRAM Technical Director, Ucom vahram.ilbekyants@ucom.am

KAMALYAN TATEVIK Chief Financial Officer, TI'ME Group tatevik.kamalyan@time.am

KARAPETYAN ARTUR Customer Care Director, Ucom artur.karapetyan1@ucom.am

KHACHATRYAN RIMA

Head of HR, Yerevan Mall rima@yerevanmall.am

MANUKYAN HAYK

Commercial Director, Yerevan Mall hayk.manukyan@yerevanmall.am

KHACHATRYAN VAHE

Head of Project Management, Galaxy Group vahe@galaxygroup.am

KROYAN GAYANE

Chief Marketing & Research Officer, Galaxy Group gayane@galaxygroup.am

MARGARYAN SHUSHAN

Product Development Manager, Galaxy Group shushan.m@galaxygroup.am

MATEVOSYAN ARTHUR Treasurer, Galaxy Group arthur@galaxygroup.am

MAZULYAN NAREK Chief Financial Officer, Megafood narek.mazulyan@megafood.am

NALBANDIAN ANNA Deputy CEO, Chronograph anna.nalbandian@chronograph.am

MKHITARYAN ARAM Chief Executive Officer, IUnetworks aram.mkhitaryan@iun.am

SIMONENKO EVGENIY Country Manager, TI'ME Belarus evgeni.simonenko@timegroup.by

PARSYAN SYUNE Financial Director, Ucom syune.parsyan@ucom.am

SOGHOMONYAN TIGRAN Chief Executive Officer, Santafe/Pahest 33 tigran.soghomonyan@pahest33.am

MKRTCHYAN GAREGIN

Technical-Administrative Director , Yerevan Mall g.mkrtchyan@yerevanmall.am

MNATSAKANYAN ARSEN

Chief Executive Officer, TI'ME Group arsen.mnatsakanyan@time.am

MURADYAN ARMAN

Head of Audit, Galaxy Group arman@galaxygroup.am

SARGSYAN ASTGHIK

Chief People Officer, Galaxy Group astghik@galaxygroup.am

YENGIBARYAN ARMINE

Chief Executive Officer, Megafood armine.yengibaryan@megafood.am

SEKOYAN VAZRIK

Chief Executive Officer, Yerevan Mall ceo@yerevanmall.am

SHAHRAMANYAN TIGRAN Head of Logistics Department, Megafood tigran.shahramanyan@megafood.am

YEPREMYAN LAURA

Chief Executive Officer, Paul Armenia laura@paularmenia.am

YIRIKIAN RALPH Director General Ucom ralph.yirikian@ucom.am

MODEL our OUR COMPANY

From an idea to a project, from a project to a company – Galaxy has created its companies from the ground up, taking the role of management and strategic development. Currently, each of the 15 companies operating under Galaxy Group was created from scratch—first came the idea or the concept, then those became investment projects which were then followed by incorporation of partners and international investors. As a result, those investments projects became established companies famous to the public for their exceptional quality and service culture.

Galaxy Group of Companies Company

company project concept

Companies are the core of Galaxy Group. They perform and deliver values to the customers and come back to home base for strategy, consulting, business development and reporting.

As we go further with the project, we develop, form and deliver it to the highest quality. We involve partners, investors and hire project teams to set it up for success.

Initially, all you have is an idea but that idea is everything. We at Galaxy have developed our own set of tools and funnel for testing ideas.

OUR COMPANY

corporate GOVERNANCE

Galaxy Group of Companies guarantees compliance with high international standards of corporate governance, application of best practices and management.

To establish a distinct, measurable and accessible environment across all activities in Galaxy Group of Companies, we developed and introduced procedures and mechanisms, as well as norms and directives ensuring successful implementation of standards.

CORPORATE AUDIT CHARTER

CODE OF BUSINESS CONDUCT

INCLUSION & DIVERSITY POLICY

THIRD PARTY RISK MANAGEMENT

BUSINESS ETHICS

Galaxy Group of Companies has established its business presence in various industries in the private sector, anchoring its position as a successful conglomerate with a diversified business portfolio.

From commercial real estate and construction all the way to entertainment and retail, businesses operating under Galaxy Group’s umbrella cover a range of industries and cater to all kinds of customers.

Regardless of the industry we operate in, it is Galaxy Group’s number one priority to bring the absolute best quality it can offer to the market and provide customers with superior and innovative solutions.

Combining said traits with international best practices, we offer exceptional value and disruptive innovations in every industry we enter.

business RELATIONS

Partnerships are crucial for the advancement of our business as they help us create and share novel ideas, foster development and bring in new innovations. With the dynamic and ever-growing landscape of the business world, maintaining effective relations with business partners plays a pivotal role for us in synergizing and incorporating a diverse spectrum of new technology and knowledge into our own corporation.

GERMANY GREECE ITALY JAPAN NETHERLANDS

Galaxy Group serves as the holding company of 15 businesses, reserving the role of management and strategic development of its subsidiaries. Offering a completely new culture and innovative products, our companies are all unique in their own right. We are all united around the same purpose, that is to find the best solutions for effective service delivery.

Galaxy

ESTABLISHED

PROFILE

EMPLOYEES

COUNTRIES

CEO Armenia, Georgia

GM Georgia

WEBSITE

2009

Retail of Luxury Watches and Jewelry

33*

Armenia, Georgia

Gabriel Avetisyan

Tamar Gelashvili

chronograph.am chronograph.ge

info@chronograph.am +37411500400

Chronograph boutiques are luxury multibrand stores with the finest selection of high-end watches, accessories and jewelry. Unparalleled competitive edge of the boutique is the biggest selection of luxury brands in Armenia and Georgia and also the provision of a professional service of maintenance and repair of premium jewelry and luxury goods that are represented in the boutique.

GAME-CHANGING SOLUTION

Chronograph was the first retail store of its kind, both in Armenia and in the region, to offer luxury watches and jewelry from world renowned brands. Chronograph proudly represents more than 30 internationally famous brands in Armenia and Georgia.

Gate2 is a premium travel agency that specializes in indulgent vacations and executive business travel, covering all travelling needs to provide a unique experience for its customers. Gate2 is there to give people a sense of belonging, that whatever the destination, they deserve to be there, they are meant to be there. It helps people feel connected and intimate with their experiences, evoking feelings of passion and sensual emotions.

GAME-CHANGING SOLUTION

Gate2 is the first luxury travel agency in Armenia to offer travel concierge services to its customers, taking care of all their needs and accommodations, down to the smallest detail, and employing a 360 degree approach when it comes to organizing travel arrangements.

FLY ME TO THE

ESTABLISHED

PROFILE

EMPLOYEES CEO

WEBSITE

SOFTWARE SYSTEMS DEVELOPMENT

Software Solutions

2008 83* Aram Mkhitaryan

iunetworks.am

info@iunetworks.am +37411500650

38/1 Pushkin str., 0010 Yerevan, Armenia

Galaxy Group of Companies Company

IUNetworks is an Enterprise Software Development company founded in 2008. IUNetworks has vast experience in designing, developing, testing and deploying single window solutions, customs and revenue management systems in several regions of the world including in Central and South Asia, Africa, South Caucasus, Eastern and Central Europe.

GAME-CHANGING SOLUTION

With the professional staff of software engineers the company has recently successfully delivered fully integrated comprehensive software solutions for Tax and Customs Administration as well as such for Single Window processing in Foreign Trade in Armenia, Tajikistan, and Kyrgyzstan. Among the most recent company engagements and Tax are Customs Administration Systems in Zimbabwe, Micronesia, Gambia and Ghana.

The company is certified for ISO 9001 Quality Management and ISO 27001 Information Security to assure high quality and reliability of the solutions offered.

Megafood is one of the largest importers and distributors of confectionery and food products in Armenia. It gradually increased its volume and market share and widened its range of offerings by introducing new food products of world-known brands to the local market.

Since 2020 MegaFood has worked for the creation of dairy products of love, warmth and affordable to all families, and it entered the market with the products of Katna Armenian cheeses.

GAME-CHANGING SOLUTION

Megafood was the first official importer and distributor of food products from famous brands in Armenia, causing a massive change in its industry by eliminating third-party resellers.

Located in the glamorous "Bohemian" area of Yerevan. Pahest33 bar-restaurant is the ideal place to visit in the evenings to taste exquisite cuisine from our Chef and enjoy fine drinks from the best bartenders in Armenia. Later in the evening, we offer impeccably curated music from the most talented DJs in Armenia who will drop the beats for your unforgettable party.

GAME-CHANGING SOLUTION

Featuring a well-thought conceptual design, Pahest33 is the first underground bar restaurant in Yerevan that deviates from conventional standards to offer a new perspective on what such an establishment ought to be.

music LIVE & DJ

Experience french “Art de Vivre” in the heart of Yerevan. You can find the exact location by the tempting aroma of freshly baked croissants, patisseries, and other delicacies. In the evenings you can relax and have an enjoyable dining experience.

PAUL introduces French art of making bread and delicious pastries to the Armenian culture.

GAME-CHANGING SOLUTION

With strong nutritional and environmental commitments, PAUL Armenia produces the finest French bread and pastries on-site using only the highest quality, authentic ingredients— an approach that allows providing customers with freshly-baked goods throughout the day.

CUISINE FRENCH

One of the well-known open-air café-restaurants in Yerevan, SantaFe is located in the central district of the city, near famous monuments such as the Cascade and Opera House. The company recruits professionals from different countries and different culinary backgrounds to deliver the finest service and food.

GAME-CHANGING SOLUTION

SantaFe was the first open-air cafe-restaurant in Yerevan to feature ground fountains near the green zone, a large bar, a specially designed wine zone, and a children's playground in one place.

Group

ESTABLISHED

PROFILE

EMPLOYEES

2012

Retail & Service of Watches and Jewelry

270*

Armenia, Georgia, Belarus

GROUP CEO

COMMERCIAL DIRECTOR

COUNTRY MANAGERS

Georgia

Belarus

WEBSITE

Arsen Mnatsakanyan

Norayr Hovhannisyan

Ketevan Gabitashvili

Evgeniy Simonenko

time.am time.ge time.by

TI'ME represents world-famous watches and jewelry brands in Armenia, Georgia and Belarus. Boasting a wide portfolio of watches for men and women, the focus is on catering consumers’ shopping needs by dynamically developing TI'ME portfolio in all three markets.

GAME-CHANGING SOLUTION

In addition to improving the market for mid-class watches and jewelry, TI’ME offers a premium service for its customers, providing a unique customer experience as well as after sales services that are otherwise found only at highend stores.

Teryan5 is a real estate development project encompassing a 75 meters tall 22 story building, in the heart of Yerevan. The first 11 floors of the building houses a 173 key Courtyard by Marriott hotel, while the second 11 floors encompass 75 luxury residences. Amenities for the residents include 4 levels of underground parking area for 90 cars, SPA, Fitness and concierge service. Total GBA of the building is 31K sqm.

GAME-CHANGING SOLUTION

Teryan5 is the first mixed-use building in Armenia and includes a range of state-of-the-art features designed to improve the quality of life for residents and visitors alike. An elegant design coupled with its world-class services sets a new standard of luxurious living and the integration of all those features into a single building redefines the concept of urban living in Yerevan.

PARTNERS*

Ucom is the fastest fixed and mobile services provider in Armenia. The company is the absolute leader of the local IPTV and fixed internet market, as well as occupies the key position on the Armenian mobile internet market.

This is testified by Ookla®, the global leader in internet testing and analysis, which has awarded Ucom with “The Fastest Mobile Internet in Armenia 2017” Speedtest Award™ and “The Fastest Fixedline Network in Armenia 2021” award based on the analysis of Speedtest Intelligence® data.

In 2022 Ookla® has awarded Ucom with both “The Fastest Fixed Network in Armenia 2022” and “The Fastest Mobile Network in Armenia 2022” awards, which is the best assessment of more than 1300 employees’ joint efforts not only on the scale of the Armenian market, but also on the regional and CIS countries’ levels.

GAME-CHANGING SOLUTION

In 2008-2009, Ucom partnered with Ericsson to make Yerevan the first city in the world with a full coverage of Fiber optic communication network. Ucom also pioneered IPTV in Armenia which not only caused a disruption in the consumer market within two years of its introduction but also changed the perception of television consumption as a whole.

Thanks to its upgraded 4G+ and own fiber-optic (FO) networks, that meet the best international standards, Ucom is providing a convergent package of fixed and mobile services to over 700K customers.

Yerevan Mall, opened in 2014, is the largest mall in its size in Armenia. It has around 60.000 sq/m area with 25.000 sq/m of leasing area and hosts a variety of more than 100 international brands. The company works in close partnership with franchise retailer Alhokair Group with its world-renowned brands. Yerevan Mall welcomes thousands of visitors a day from across the country to enjoy over 200 stores and attractions including the biggest ZARA in the region and the only Mango Man in Armenia.

It also works with Europe’s largest hypermarket chain Carrefour. With its subdivisions Kinopark Cinema and Captain Kids Treasure Island entertainment centers, Yerevan Mall has became a favorite leisure destination for families.

GAME-CHANGING SOLUTION

Besides acting as a hub for shopping activities, Yerevan Mall is a family-oriented entertainment center with Captain Kid and Kinopark being its flagship sources of recreational activities for families.

To be close to the customers and to inform them about the latest news, including on sales, special offers and buying cinema tickets online, in 2015 Yerevan Mall launched the first and only shopping mobile application for iOS and Android platforms in Armenia.

Yerevan Mall Bonus Card allows to accumulate cashback from purchases and use the amount accumulated for shopping and services inside the mall.

Responsibility and accountability are principles that we, at Galaxy Group, believe to be intrinsic components of our business operations. As a proud employer of more than 2200 professionals and as one of the largest taxpayers in Armenia, it is thus essential that we try and remain as transparent and open as we can be in our reporting.

Taxes paid by Galaxy Group

Allocations to travel agencies

Services

Fixed assets

Talent development

Office goods & supplies

Transport

Banking and payment

Rent

Bills

Marketing

Commercial

Other

69

≈ USD 69.5mln

2022

2021

2020

USD 423,792 USD 17,484,945

USD 124,151

USD 79,772

USD 8,559,837

USD 6,033,223

USD 14,597,201

USD 430,022 USD 794,292

USD 1,137,590

USD 2,025,254

USD 2,458,994

USD 5,508,841

USD 2,229,201

USD 24,578,882

USD 327,637

USD 744,584

USD 782,642

USD 1,667,079

USD 2,011,584

USD 4,284,887

USD 2,061,057

USD 19,968,621

USD 3,175,007

USD 2,497,270

USD 9,438,962

USD 183,496

USD 568,540

USD 600,118

USD 1,828,134

USD 1,595,632

USD 3,613,593

USD 1,390,186

USD 13,094,492

USD 981,981

FOUNDATION

portfolio & causes social projects educational projects

cultural projects initiatives & events development projects

Our foundation aims to ensure the wellbeing of people, through contributing to the advancement of education, the improvement of social security, and systemic progress.

We realize that ensuring a brighter future through the path of sustainable development, requires targeted multidimensional strategies to empower communities and improve quality of life.

portfolio CAUSES

We welcome any and all kinds of cooperation and joint projects that can advance our aims and contribute to our goals. The change starts here, in Armenia, with the community we are part of presently. For we are nothing special unless the people surrounding us are too.

IMPROVING LIVES & COMMUNITIES

As a corporation with human-centric values, Galaxy Group of Companies bears social responsibility towards its community and stakeholders. Our corporate social responsibility projects aim to improve the quality of life of areas or social groups that are in need of assistance, and in places where we can make a difference for the better. We believe that moving forward is made possible solely through mutual cooperation and backing.

because we care

"A BOX OF WARMTH"

DELIVERING TO THE CHILDREN OF ARTSAKH

"50 LETTERS, 50 SMILES"

PROVIDING ACCESS TO EDUCATION THROUGH TECHNOLOGICAL DONATIONS

CONTRIBUTION TO THE INSURANCE FOUNDATION FOR SERVICEMEN

KINDNESS WILL SAVE THE WORLD SUPPORTING NGO'S BENEFICIARIES

AN ACT OF KINDNESS FOR KIDS IN VULNERABLE COMMUNITIES

CONTRIBUTING TO DESIGN THINKING educational projects

Continuous learning and constant evolution are considered as values of permanent stature here, at Galaxy Group of Companies. In addition to boosting education within our community, we are committed to implementing education programs outside of our community as well. We believe that having a strong state can only be possible by means of an intelligent, future-oriented and contemporary society. We try to contribute to the creation of such a society, having the education at the center of our mission.

learning brings hope

ENSURING QUALITY EDUATION FOR YOUNG GENERATION

"MAINSTREAMING INNOVATION" PARTNERSHIP FOR PUBLIC EDUCATION IN ARMENIA

COLLABORATION FOR INNOVATIVE ARMENIA

SUPPORTING ENGINEERING LABORATORIES IN PUBLIC SCHOOLS OF RA

SUPPORTING NON-CONVENTIONAL ARTS

Galaxy Group of Companies places a lot of value on projects of cultural importance, the implementation of which unites people around a single, general idea and purpose. On the path of self-development, self-exploration and growth, culture can be the best companion. We aim to develop our country also through promoting culture and its dissemination in the society.

creativity takes courage

MAINSTREAMING CLASSICAL MUSIC

SUPPORTING NON-CONVENTIONAL ARTS

ENHANCING CULTURAL HERITAGE

PROMOTING BUSINESS IN ARMENIA

initiatives & events

We believe that Armenia is one of the best countries to invest in. It is internationally considered as one of the safest countries in the world, one of the easiest to start a business. The year-round sun climate, the relatively cheap cost of living, along with high-quality human capital, sustainable monetary system and good educational and technological base make the country attractive for visitors and investors. For us, being a key business player in the Armenian market and the wider region, contributing to the economic development and bettering lives and communities are significant accomplishments we are honored of.

boosting development

"SUPPRTING ARMENIAN-FRENCH ECONOMIC RELATIONS"

"SUPPORTING BUSINESS COMMUNITY DEVELOPMENT"

POSITIONING & PROMOTING ARMENIA

SUPPORTING THE FUTURE OF WORK

SUPPORTING INNOVATIVE STARTUP PROJECTS

SUPPORTING HUMAN-CENTRIC ARCHITECTURE

PROMOTING THOUGHT LEADERSHIP

FOUNDATION content & development projects

Galaxy Group is founded upon a set of beliefs and ideals—that is to serve its community, ensure its well-being, stimulate economic development and provide a stable future for the coming generations. Our purpose is grand, yet simple at the core, as we utilize our ideas and concepts toward that end. We value human and future centric values very highly through implementing development projects and partnerships, while sharing and promoting this new discourse on a public level.

ideas paving the path

"A BRIEF HISTORY OF HUMANKIND" TRANSLATING HARARI INTO ARMENIAN

“MOSCOW-80” COMMUNICATING ACHIEVEMENTS OF ARMENIAN OLYMPIANS

INTERNATIONAL PRESS TRIP TO ARTSAKH

"95-55 HOMELAND" PROMOTING THOUGHT LEADERSHIP IN ARMENIA

gallery

Texts are never enough to share the enriching experience of our community. This gallery is our modest kudos to all the great people, projects and emotions experienced throughout the year.

Excellence comes from our ability to learn from each other.

We’re on a mission to improvepeople’severyday lives.

We alwaysthink about the markets of tomorrow.

Human is the reason: human is the answer.

We are hardworkingdudes: hard work is fun.

Galaxy Group of Companies 1999-2023

+374 11 500 003 info@galaxygroup.am www.galaxygroup.am

1a Kievyan str. 0028 Yerevan, Armenia

Content, visuals, and design of this overview have been developed by AxelMondrian & Partners