Yerevan: Nearly 3,000 Years of History Waiting to be Discovered in the Armenian Capital

Hotel Green Palace is the Perfect Place to Stay While Enjoying the Unique Sights of Yerevan

Armenia is open for Business with Attractive Incentives for International Investment.

armeniaArmenia boasts Medieval traditions in a modern city

The Hotel Green Palace in Yerevan, Armenia has made a name for itself by providing world class luxury rooms since 2000 to the most discerning visitors to the ancient capital city of 1.1 million.  The Green Palace welcomes guests from all over the world, many repeat visitors, and is able to maintain its reputation through a commitment to quality and customer service.

Yerevan, the Venerable Jewel of the Caucasus

Yerevan, Armenia has roots which go back further than almost any city in the world.  The area has been continuously occupied since the 8th century BC and is steeped in the history and culture of the Armenian people.  It all began when the fortress of Erubuni was built on a 65 meter hill overlooking the Ararat plain.  The fortress was used for centuries, and the town, whose name is derived from Erubani, was built around it.   Since gaining independence from the Soviet Union, the Armenian government has invested a lot of resources in modernizing its capital, but not at the expense of preserving the wonders of its most distant past. Any trip to Yerevan should include a visit to the ancient fortress where it all began.


Erebuni is surrounded by a wall 10-12 meters high with towers, and contained numerous buildings, and was used as a palace as well as a military installation.  A Temple to the god Khaldi was built, and there were modest accommodations and a commercial district.  Frescoes can still be found on the temple walls, and inscriptions nearly 3,000 years old describe ancient kings and their deeds.

“By the greatness of the God Khaldi, Argishti, son of Menua, built this mighty stronghold and proclaimed it Erebuni for the glory of Biainili (Urartu) and to instill fear among the king's enemies.”


The oldest surviving church in Yerevan was discovered practically by accident.  It was 1936, and the Soviets had decided to take down an old cathedral which had been built in 1693; it was in such bad shape the decision was made not to restore it.  Archaeologists working to record inscriptions uncovered during the dismantling of the building came to realize that the cathedral had in fact been built on top of an older church, which was practically intact and worth saving. Inscriptions found inside were from the 13th century, and today the church is used quite frequently.  

Armenia is now a Christian country, but it was ruled by Persians for centuries, and a mosque built in the 18th century still survives, the Blue Mosque.  It  was the largest of eight mosques in the city, and the last one remaining today.  The building is surrounded by trees and modern buildings to such an extent that it can be hard to find.  During the Soviet era it was a museum, but now it is the only functioning mosque in the city. It is located on Mashtots Avenue in front of the indoor market, and is one of the more unique sights to be seen in Yerevan.



Hotel Green Palace Offers Luxury in Yerevan

Visitors to Yerevan have had a boutique hotel available to them in the center of town called the Hotel Green Palace.  Established in 2000, the Green Palace has traditional architectural elements combined with modern luxuries in an intimate setting, with 15 luxury rooms located on 4 floors.  

Concierge services at the Hotel Green Palace ensure that you can make the most of your visit, and they will help you with airport transfers, tours of Yerevan, Artsakh, and beyond, translation and interpretation services and 24 hour room service.  In addition, guests are able to take advantage of laundry service, hi speed internet and free covered parking.  


In addition to the luxury appointments you would expect in a European capital first class hotel, the property has two pools with saunas and is surrounded by a park for a touch of tranquility rarely found in a city of over one million people.  It is a mere 20 minutes from the airport and 10 short minutes to major museums, galleries and landmarks such as the Yerevan Opera Theater, Swan Lake, Saint Gregory Cathedral, the Dafesjian Museum of Art, and the Komitas Pantheon.  The helpful, English speaking staff can arrange all your ground transportation, including trips to the countryside and other points of interest.


Armenia is Open for Business

Many of the guests at the Hotel Green Palace are in Yerevan for business, and the business climate in Armenia has improved dramatically since the worldwide economic crisis began. In many key areas, international investors will find Armenia to be familiar territory so far as operating a successful business is concerned:


1.  Legislation

In 2011 Armenia became the first CIS country and only the fifteenth in the world to agree to the WTO’s Government Procurement Agreement, making internal markets more open and transparent.  Also since then, the parliament has modernized the tax code and streamlined procedures for opening new companies.  Armenia also maintains membership in important international commercial and intergovernmental organizations such as the IMF, World Bank, Council Europe, UNESCO, INTERPOL, WHO, European Bank for Reconstruction and Development, Asian Development Bank, World Tourism Organization, World Customs Organization, Multilateral Investment Guarantee Agency, and others.

2.  Currency, Tax and Capital Issues

Capital and money may be transferred freely in and out of the country, the banking system is internationally integrated, and the local currency is freely convertible.  The taxation system is comparable to western capitalist systems.  Armenia provides export and foreign investment incentives in the form of no export duties, VAT refunds, allowances for carrying forward of losses, and negotiation of tax deferred treatment for certain investments.

3.  Private Property Rights

The right to private property is constitutionally protected, and foreigners may own Armenian businesses which enjoy full property ownership rights, although foreign individuals may not generally own real estate.  Foreign companies have the same right to privatization opportunities and the same protection from nationalization that domestic companies enjoy.  Intellectual property rights are protected in accordance with the Trade Related Aspects of Intellectual Properties Agreement.  Enforcement of laws against pirated digital media has increased dramatically since passage of a strict law in 2013.  

4.  Human Resources

The Armenian population has nearly a 100% literacy rate, over 90 percent enrollment in secondary school, and an educational system that places special emphasis on the sciences. For this reason, much of the recent foreign investment in the country has been in software, computer engineering, electrical engineering, and other science based industries.  Labor standards are similar to those found in Europe regarding working hours and vacation time.  Wages are very attractive by European and North American standards.

5.  Transportation and Communications

Public transportation in Armenia is relatively well developed, with buses, private taxis, and a metro system in Yerevan.  Modern highways connect all of the business centers in the country and there are two international airports and a new terminal built in Yerevan has modern facilities and is up to international standards.  Flights from a number of airlines conveniently connect Yerevan with all of the major cities of the world.  Major improvements in the railroad system are either planned or underway.  Armenia has 3G and 4G service through a robust system of competition and a fiber optic cable network which covers 80% of the country.

Because of its commitment to continuous quality improvement, the Hotel Green Palace has been selected  to receive the BID International Star Award for Quality for 2015 at the convention in Geneva.


About BID and the International Star Award for Quality:


BID is a private and independent organization founded in 1984, whose primary activity is business communication orientated towards quality, excellence and innovation in management.  A leader in the broadcasting of Quality Culture, BID recognizes those companies and organizations which lead the most important activities in the business world, and is considered the founding organization in the broadcasting of the Culture of Quality, Excellence and Innovation in 179 countries.


The trophy symbolizes a pledge to the principles of Quality Culture. The QC100 Total Quality Management Model, together with the Quality Mix program, media coverage of the convention and its impact on the community and business sector, create an unmatched platform for continuous improvement within the organization and awareness of the achievements of the company at an international level.

Awards are given only to those who are committed to improving their Quality Culture based on the principles of the QC100 Total Quality Management Model. Candidates are proposed by the leaders of previously awarded companies who they consider worthy of the award. Especially meritorious candidates may also be nominated.  The International BID Quality Award Selection Committee then chooses the winning companies who will receive the award in New York, Paris, Geneva, Frankfurt, Madrid and London.