Yerevan
19 / April / 2018

Economy

Congressional Armenian Caucus calls for $70 million aid for Artsakh and Armenia
WASHINGTON, DC - In a letter circulated for signatures today to their U.S. House colleagues, the Congressional Armenian Caucus is calling upon Chairman Hal Rogers (R-KY) and Ranking Member Nita Lowey (D-NY) of the Appropriations Subcommittee on Foreign Operations to back a $70 million Fiscal Year 2019 aid package for Artsakh and Armenia, reported the Armenian National Committee of America (ANCA). “We want to thank Congressman Pallone and his colleagues in the leadership of the Armenian Ca...
2018-03-09 12:57:28
Armenia PM travels to Gyumri on board new express train
YEREVAN. – The Prime Minister of Armenia, Karen Karapetyan, headed to Gyumri on a working visit, from the capital city Yerevan Railway Station, on board the new Yerevan-Gyumri-Yerevan electric passenger train. Karapetyan got familiarized with this train and welcomed the South Caucasus Railway company’s decision to operate it in Armenia, press office of the government informed Armenian News-NEWS.am. He was informed that as of Sunday, this new train will operate from Fridays to Sunda...
2018-03-03 11:58:14
Oil prices going down
Trading data show that the world oil prices are dropping, reported RT news agency of Russia. Accordingly, the April Futures’ Brent Crude Oil has reduced by 0.78 percent and reached $64.91 per barrel. And the April Futures’ Light Sweet Crude Oil (WTI) has gone down by 1.04 percent and totaled $61.04 per barrel.
2018-02-22 12:08:19
Oil prices go down
Trading data show that the world oil prices are going down, reported RT news agency of Russia. The April Futures’ Brent Crude Oil has gone down by 0.98 percent and reached $64.61per barrel. Accordingly, the March Futures’ Light Sweet Crude Oil (WTI) has gone down by 1.23 percent and totaled $61.03 per barrel.
2018-02-21 10:33:36
Karabakh’s Sahakyan: Mining industry development will be at state focus
STEPANAKERT. – President of the Republic of Artsakh (Nagorno-Karabakh Republic/NKR), Bako Sahakyan, on Tuesday convened a working consultation devoted to the activities of the Base Metals company in 2017 and programs planned for 2018. Special reference was made to the activities carried out at the Kashen mining complex, Central Information Department of the Office of the NKR President informed Armenian News-NEWS.am. Sahakyan noted that Base Metals is among the biggest enterprises in Arts...
2018-02-20 16:05:25
Armenia President on Karabakh Movement 30th anniversary: We can do much more, an...
The President of Armenia, Serzh Sargsyan, on Tuesday issued an address on the occasion of Artsakh Revival Day and Karabakh Movement 30th anniversary. “Dear Compatriots, “On 20 February 1988, the Nagorno-Karabakh Regional Council met in an extraordinary session to adopt a resolution expressing the Artsakh [(Nagorno-Karabakh)] people’s will for free self-determination. Three decades ago, Armenians all over the world joined the fair demand and struggle of Artsakh. “Today,...
2018-02-20 16:04:44
Armenia PM: We are ready to create favorable conditions for Russian capital
YEREVAN. – Trade between Armenia and Russia increased by 26.1 percent in 2017. The aforesaid was noted at Tuesday’s 18th meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Armenia and the Russian Federation, the press office of the government of Armenia informed Armenian News-NEWS.am. Co-chairs of the Commission, Prime Minister Karen Karapetyan of Armenia and Transportation Minister of Maksim Sokolov Russia, chaired this meeting at the Armen...
2018-02-20 16:03:59
Maksim Sokolov: Armenian products’ export to Russia market grows at great pace
YEREVAN. – Armenian products’ export to the Russian market also grows at a great pace. Maksim Sokolov, Transportation Minister of Russia, stated the aforementioned at Tuesday’s 18th meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Armenia and the Russian Federation, the press office of the government of Armenia informed Armenian News-NEWS.am. Sokolov, who is the co-chair of this commission—together with Armenian Prime Minister ...
2018-02-20 16:03:21
Yerevan to have electrobuses?
YEREVAN. – Electrobuses may appear on the streets of Yerevan. Vahe Nikoyan, head of the working group on the implementation of public transit improvements in the capital city of Armenia, informed about the abovementioned at a press conference on Friday. In his words, the matter of acquiring electrobuses is discussed within the framework of the Yerevan public transit reform project. “It [an electrobus] is an ecologically clean transportation,” Nikoyan noted. “However, t...
2018-02-02 14:54:49
EU: Armenia nuclear plant should be shut down as soon as possible
YEREVAN. – The Armenian Nuclear Power Plant should be shut down as soon as possible. Dirk Lorenz, Deputy Head of Division for the Eastern Partnership countries at the European External Action Service, told the aforementioned to reporters at the fifth EU-Armenia subcommittee meeting on energy, transport, environment, climate action and civil protection, which has kicked off Tuesday in Armenia’s capital city of Yerevan. He said they believed that Armenia’s nuclear plant should ...
2018-01-30 17:25:22
Armenia energy minister to remain in office
Ashot Manukyan, the Minister of Energy Infrastructures and Natural Resources of Armenia, will remain in office, the minister’s press secretary, Vasak Tarposhyan, told Armenpress news agency, when asked about the minister’s recent submission of his resignation. “Yes, the minister has submitted a resignation for personal reasons,” noted Tarposhyan. “But after a talk with the President and the Prime Minister of the republic, the matter has been removed from the agenda...
2018-01-29 11:32:16
Newspaper: Armenia fuel market inflation may cause price increases in several go...
YEREVAN. – The recent inflation in the gasoline, diesel fuel, and compressed natural gas market in Armenia may cause a rise in the prices of a range of products in the country, according to Zhoghovurd (People) newspaper. “Ivan Mosoyan, the owner of the (…) company which is engaged in flour and confectionery production, noted that, in the near future, the price hike in diesel fuel and compressed [natural] gas may leave its negative consequences on confectionery prices [in Arme...
2018-01-27 15:05:15
Detained Saudi prince with Armenian roots selling his assets
Saudi Arabian investment firm Kingdom Holding has sold its stake in the Four Seasons Hotel in Beirut for around $100-115 million including debt, sources told Reuters on Monday. One source said the buyer is a Saudi businessman of Lebanese origin and the deal was done in December. Sources have told Reuters the hotel had been up for sale for a long time and was not linked to the detention in November of Kingdom Holding’s billionaire chairman, Prince Alwaleed bin Talal—who has Armenian...
2018-01-16 14:06:08
Armenia government approves European Social Charter (Revised) national report
YEREVAN. – At Thursday’s Cabinet session, the government of Armenia approved the European Social Charter (Revised) national report, from 2013 to 2016. The Minister of Labor and Social Affairs, Artem Asatryan, presented the respective draft decision. Armenia ratified the European Social Charter (Revised) in January 2004. The Charter performance report is presented every two years. The European Social Charter, which initially became effective in 1965, is a Council of Europe treaty ...
2018-01-11 16:52:35
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