With the joint efforts of more than a dozen leading educational institutions from about ten European countries, an agreement was signed in the city of Munich, Germany, on the creation of the "International Educational Consortium".

Among the educational institutions participating in the consortium are the European University of Armenia, the European Academy of Italy, the Poliarte Academy of Art and Design in Italy, the EKLYA Business School in France, the HYBRIA Institute of Business and Technologies, the French and European Colleges, the International Business School, the European Institute of International Languages, MCI University in Austria, Chelsea Business School in England, International Business School in Switzerland, Fachhochschule Dortmund University in Germany, Akkon University in Germany, Wittenborg University of Applied Sciences in Nitherlands and other leading and prestigious educational institutions.

Based on the initiative of Professor Artur Baghdasaryan, President of the International Educational and Research Alliance, regarding the foundation of the Consortium, the parties affirmed their commitment to invest the best efforts in the internationalization of education, the release and internationalization of educational and research results, based on the international fundamental principles and values adopted in the field of education.

In particular, the parties affirmed their commitment to actively and practically participate in the implementation of the innovative educational programs of the European University RAK Campus and their further modernization.