International audience One of the most dynamic sectors of tourism industry in Armenia is business tourism. Geographic location of Armenia stimulates the development of active economic relations with Russia, CIS countries, European Union, USA, Georgia, Iran and countries of the Middle East. Armenia is a member of WTO and other international organizations. Armenia is a country with rich traditions and spirit of entrepreneurship. Historically Armenia developed on the crossroads of culturesbetween and West and East, Europe and Asia. This partly explains why Armenians are famous not only for their exceptional talent in entrepreneurship, but also for the ability to establish business relationship with partners from various countries. Armenian Diaspora plays a significant role in the Armenian economy. Many representatives of the Armenian Diaspora are successful businessmen in Russia, USA, France and other countries of the world. Economy of Armenia displays a steady pattern of growth.