Solemn session marks 90th anniversary of YSU Economics and Management Faculty

The choir of the YSU Charles Aznavour Cultural Center opened the event with the anthem of Yerevan State University. The solemn session, held in the Aram Khachaturian Concert Hall, celebrated the faculty's long-standing and successful history. This gathering brought together students, professors, graduates, and accomplished specialists in the field, who shared insights about the faculty's achievements, competitive specialists in the field, and potential advancements. 

In the official opening of the solemn session, Hovhannes Hovhannisyan, the Rector of Yerevan State University, delivered a speech. Emphasizing the importance of economic education, he stated, "Founded in 1934, the YSU Faculty of Economics and Management is an integral and most pivotal part of the university, serving as a powerful professional and scientific center. Over the past 90 years, the faculty has educated more than a thousand students, imparting professional values and cultivating specialists who have significantly contributed to the advancement of both the country’s and the global economy with their expertise. This jubilee year presents a wonderful opportunity to reevaluate our path and pay tribute to all those who have contributed to the faculty’s development through their dedicated work." 

Karlen Khachatryan, the Dean of YSU Faculty of Economics and Management, emphasized the faculty’s achievements, noting that this day is historic.

"We can affirm that the past 90 years have been marked by both challenges and achievements. In Armenia, higher economic education began to take shape in the early 1920s, coinciding with the foundation of the mother university. In 1934, when the first faculty was established within the university, Armenia was experiencing a difficult period. Throughout these challenging years, this faculty has become the main center for the formation, dissemination, and development of economic thought. To this day, the faculty carries out its mission of establishing high-quality specialists with honor and excellence," pointed out K. Khachatryan, who added that they are ready for new challenges, achievements, and accomplishments. 

Since 1934, the faculty has produced tens of thousands of graduates who have become experienced professionals, working in various sectors of the economy, within the state administration system, and at research centers and universities. Hayk Stepanyan, Chief Executive Officer of Byblos Bank Armenia CJSC, is one of the faculty's graduates. According to him, education is the foundation of society and the guarantee that paves the way for innovation, leadership, and development.

"It is a great honor for me to represent Byblos Bank Armenia here as a graduate of YSU Faculty of Economics and Management. For 90 years, the faculty has been the most important center of economic education in Armenia, training statesmen, business leaders, and economists who have played a key role in the development of Armenia's economy. I would also like to emphasize that the cooperation between Byblos Bank Armenia and YSU Faculty of Economics and Management is a step to give thanks and 'return' the acquired knowledge and personal successes. We hope this will contribute to creating broader opportunities for future generations," noted Hayk Stepanyan, highlighting the significant role the faculty has played in establishing the economy of independent Armenia. He expressed hope that the coming decades will also be fruitful for the faculty. 

Byblos Bank Armenia is the main sponsor of the jubilee events dedicated to the 90th anniversary of the faculty. Thanks to the joint efforts of the bank and its partners, it has been possible to organize this series of events. 

The organization of the events received significant support from several partners, including Yerevan Brandy Factory CJSC, the Tashir Group of Companies, EcoVille LLC, Bellart LLC, ArmConstruct LLC, and Zangezur Copper Molybdenum Combine CJSC.

90 years of history, 90 years of achievements: the attendees watched a video highlighting the faculty's significant milestones and notable graduates. This film was dedicated to the 90th anniversary of the establishment and the 40th anniversary of the reopening of the Faculty of Economics and Management at Yerevan State University. 

Throughout its history, the faculty has successfully fulfilled its commitment to excellence. It is staffed by leading specialists in the field, including professors, doctors, and candidates of science, as well as distinguished lecturers who have received state awards and honorary titles in their professions. Our faculty also includes specialists from the state administration, the financial and banking sectors, and leading organizations, alongside prominent scientists.

In celebration of the 90th anniversary of the establishment of the Faculty of Economics and Management, the rector of Yerevan State University awarded YSU silver and gold medals, letters of appreciation and certificates to professors, associate professors, and doctors in recognition of their fruitful scientific and pedagogical activities at Yerevan State University and their significant role in training young professionals.

Karlen Khachatryan, the Dean of YSU Economics and Management Faculty, presented letters of thanks and a symbolic souvenir commemorating the 90th anniversary to representatives of partner organizations in recognition of their support for the events celebrating this milestone.

Commemorative medals of the YSU Economics and Management Faculty were awarded to Martin Galstyan, Governor of the Central Bank of Armenia; Vache Gabrielyan, Dean of the AUA Manoogian Simone College of Business and Economics and former Deputy Prime Minister of Armenia; and Hayk Stepanyan, Chief Executive Officer of Byblos Bank Armenia. This honor recognizes their long-term effective contributions to the faculty and their significant support for scientific and educational initiatives.  

During the jubilee event, the audience enjoyed beautiful performances by singer Arpi and the State Dance Ensemble of Armenia, operating as part of the National Center of Folk Music and Dance. 

At the conclusion of the event, participants promised to continue the tradition and meet again in 10 years for the jubilee celebration marking the 100th anniversary of the faculty, accompanied by new achievements and programs.