Arthur Hovsepyan is the founder and the executive director of the “Magnon” Company a fast growing manufacturing plant which produces playground, sport courts, park and site furnishing equipment.
Arthur Hovsepyan born in 1956 is a representative of the fourth generation of lecturers and teachers in Gyumri which is the second largest city in Armenia and which is also called a city of Arts and Trades.
His father is an Academician of Philosophy and his mother was mathematician. Arthur took after his mother and he got his Candidate Degree of Physical and Mathematical Science in Yerevan State University in 1983. There was no doubt that he would devote the rest of his life to the scientific researches and to either lecturing or teaching as it was a usual case for the Hovsepyan family in Gyumri. So he lectured at Gyumri State Pedagogical Institute and worked as a physicist in research department of “Magnon” Institute of the Space Industry. He had couple of rather successful researches at “Magnon” institute and was supposed to get his Doctor Degree in March 1989.
Unfortunate three months earlier in December of 1988 an earthquake happened which destroyed 70% of the city. By a lucky chance he survived but the building of the Institute was totally ruined.
When I asked him what is his individual feeling about being an entrepreneur his answer had dual character. He feels satisfaction as he has a good venture. He provides his family with good life conditions; he creates job opportunities and is a well known and respected person in the city. But at the same time he feels frustration as the business isn’t the job he enjoyed doing. He is still a person of science and wishes that some day he will have his laboratory where he can continue doing his researches. He is now 52 years old. Hope his wish will come true.
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