On March 17, the State Tourism Committee of the Ministry of Economic Development and Investments and Tourism Development Fund signed a memorandum of cooperation.

The memorandum of cooperation was signed by Chairperson of the State Tourism Committee Zarmine Zeitountsian and Chairman of the Board of Trustees of the Tourism Development Fund Tigran Karapetyan. The sides will cooperate aimed at contributing to increase of incoming and local tourism visits, increasing the revenues received from tourism.

Under the memorandum of cooperation, the sides will carry out works on properly presenting Armenia and the Armenian tourism result in international exhibitions, contributing to tourism development in communities, including in Tsaghkadzor resort town, as well as to conduct diversification of the Armenian tourism result through organization of Armenian Brandy Festival.