Credit where Credit is Due
Aghavnadzor, Vayots Dzor Region, Republic of Armenia © Onnik Krikorian / Habitat for Humanity 2006
I came back from seeing my Mum off a few hours ago and just wanted to comment on the Square One restaurant that’s newly opened there. It takes a lot to impress me and not least because the eateries in Yerevan are generally tedious, uninspiring and boring. I also have to admit that I’ve never really been a fan of Square One’s restaurant on Yerevan’s Central Abovian Street although I admire the business accumen of — and the attention to quality of service from — the owners .
Stepan Panosian, 29, and Sam Samuelian, 28, are from Lebanon. But Stepan was raised and lived for 24 years in Cyprus. They met as students abroad and it seemed right that when both decided to repatriate they should set up a partnership in Armenia.
Sam moved here in 2001, continuing his studies for a MBA at the American University of Armenia. Stepan came here later, in February 2003.
[…]
A year ago they opened their business venture together, Square One, a stylish restaurant that has become hugely popular with Yerevan’s young adults.
About 300-400 customers visit Square One every day attracted by its American and European menu, high-quality customer service, music and atmosphere.
Each customer spends about $4.50, say the restaurateurs, adding that hygiene and hospitality is their policy at all times.
Sam and Stepan admit that running a business in Armenia might be difficult at first, as one has to learn new written and unwritten laws, but after some time it gets easier.
“Bureaucracy is time consuming and makes your work less effective,” says Stepan. “Besides, people with Soviet-style education are mostly unprepared as a labor force, while representatives of the younger generation seem to be more ready to learn new things and change.”








