Yerevan
12 / December / 2019

Economy

Armenian president: Karen Karapetyan is very acceptable person for PM’s post
YEREVAN.- Karen Karapetyan is a very acceptable person for PM’s post, President of Armenia Serzh Sargsyan said in an exclusive interview with Armenia TV. Commenting on the fact that Karen Karapetyan repeatedly stated his readiness to continue to hold the post of prime minister, Serzh Sargsyan noted: "Time hasn't come yet. When it comes, we will. We (RPA) finally have the right to decide who and where can work more efficiently. As for Karen Karapetyan's desire, this is a very good, healthy...
2017-12-15 11:40:55
Armenia to hold 3 major events in 2018
YEREVAN. – Three major events will take place in Armenia in 2018, and therefore Prime Minister Karen Karapetyan on Thursday gave relevant instructions at the Cabinet meeting of the government. “Centennial of the heroic battles in May, events of the 2800th anniversary of the foundation of [capital city] Yerevan, as well as the La Francophonie summit in October,” said the PM, and noted that the respective organizational work is already in progress. Considering that a greater nu...
2017-12-14 15:43:42
Armenia to sign €18.5 million loan agreement with KfW
YEREVAN. – The Armenian government approved signing of a €18.5 million loan agreement with KfW Development Bank during a Cabinet meeting on Thursday. The draft was presented by finance minister Vardan Aramyan. The amount will be provided within second phase of the program Integrated Water Resources Management (IWRM) / Akhuryan River I. The agreement will be signed between the finance ministry, KfW and state committee for water resources. The funds will be allocated for the implement...
2017-12-14 15:42:48
Armenia PM: New ambitious anticorruption strategy needs to be developed
YEREVAN. – At Thursday’s Cabinet session of the government of Armenia, Prime Minister Karen Karapetyan gave instructions toward increasing the effectiveness of the current anticorruption strategy and the need for a new respective strategy in the country. In the PM’s words, several measures have been taken ever since 2015, when the Anticorruption Strategy of Armenia was adopted. “And at this phase, measures need to be taken to develop a new ambitious anticorruption strat...
2017-12-14 15:40:50
Government hands about $2,508,000-worth property over to Gazprom Armenia company
YEREVAN. – At Thursday’s Cabinet meeting, the government of Armenia decided to hand property worth about 1.2 billion drams (about US$2,508,000) over to Gazprom Armenia company, for an indefinite period, and with the right to use it free of charge. Considering the importance of natural gas supply, the government has deemed necessary to allocate this property to Gazprom Armenia company, and with the right to use it free of charge.
2017-12-14 15:30:41
Armenia to receive $40mn loan from Asian Development Bank
YEREVAN. – The National Assembly of Armenia on Wednesday passed the bill with respect to ratifying a loan agreement between Armenia and the Asian Development Bank, and within the framework of the public efficiency and financial markets program. The said proposed law was adopted by a vote of 61 for and 37 against. As reported earlier, the main speaker at the respective parliamentary debates, Deputy Finance Minister Armen Hayrapetyan, had noted that this agreement is a budget support loan ...
2017-12-13 14:49:53
Russia’s Kazan city to launch flights to Armenia
Lenar Safin, the Minister of Transport and Roads of Tatarstan—a federal subject of Russia, told Tatar-Inform news agency that flights are scheduled to be launched next year between Kazan—the capital and largest city of Tatarstan—and Belarus, Armenia, and Georgia. “We aim to expand the geographical scope of flights [to and from Tatarstan], and seek to better connect Tatarstan with other countries,” stressed Safin, “that is, to noticeably increase the number of...
2017-12-08 15:28:48
Armenia Parliament approves 2018 State Budget draft
YEREVAN. – The National Assembly on Friday approved—with 64 votes in favor and 35 against—the final version of Armenia’s draft state budget for 2018. Presenting the report on this draft at parliament, Finance Minister Vardan Aramyan had informed that six “pillars” were put on the basis of the 2018 State Budget. And these pillars are macroeconomic stability, security, investments in infrastructure, balanced collection of income, solution of social problems, an...
2017-12-08 11:56:48
Armenia international airports’ passenger traffic up 21.8% in January-November
Passenger traffic at the two international airports of Armenia—Zvartnots of capital city Yerevan and Shirak of Gyumri town—was 2,347,265 people, from January to November, which is 21.8 percent more than the same months of the previous year. In addition, cargo transport at Zvartnots totaled 20,573 tons between January and November 2017, and this is 29.8 percent more than the same period of the year past, the General Department of Civil Aviation of Armenia informed Armenian News-NEWS....
2017-12-06 14:00:44
Armenia parliament passes bill on ratification of EAEU Customs Code Agreement
YEREVAN. – The National Assembly of Armenia commenced Wednesday session with the voting on the several draft laws that were debated on Tuesday. In particular, the parliament passed the bill on ratification of the Eurasian Economic Union (EAEU) Customs Code Agreement by a vote of 82 for and 5 against. The Eurasian Economic Union comprises Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan.
2017-12-06 13:57:41
Turkey: Armenia will continue to be left out of regional energy, commercial, tra...
At a convention of the ruling Justice and Development Party (AKP) which he leads, President Recep Tayyip Erdoğan reflected on Turkey’s blockade against Armenia. He argued that, under the pressure of the Armenian diaspora, Yerevan stubbornly keeps the doors of friendship with Turkey closed, and as a result, it has been left out of the energy, commercial and transport projects in the region, reported Haberler (News) news portal of Turkey. “And it [Armenia] will continue to be left ou...
2017-12-04 15:33:48
Czech Rep. company interested in Armenia single public transport network project
YEREVAN. – Arriva transport company of the Czech Republic is interested in the single public transport network project in Armenia. Minister of Transport, Communication and Information Technologies of Armenia, Vahan Martirosyan, on Monday received Czech Ambassador Petr Mikyska, and Arriva CEO Daniel Adamka. The ambassador presented to the minister the Czech track-record on transport system operation and Arriva’s respective part, and expressed the hope that they can start mutually be...
2017-12-04 13:39:04
Expert: EU does not want to lose Iranian market
YEREVAN. – The EU is seriously interested in the Iranian market, expert in Iranian studies Karine Gevorgyan told Armenian News-NEWS.am. According to her, the Europeans, for the first time in many years, managed to enter the Iranian market, which had been closed to them before, due to the sanctions imposed on Tehran. “They are seriously interested in the Iranian market. They are already working they, and they do not want to lose it,” said Gevorgyan.
2017-12-02 13:54:07
Armenia ranked 96 in global prosperity index
Armenia has been ranked at the 96th position among 149 nations in the global prosperity index, 2017 Legatum Prosperity Index shows. In the overall Prosperity Index rankings, Armenia has climbed by three positions from 99 to 96 when compared to last year. Since the Prosperity Index began in 2006, Armenia has moved down the rankings table by eight places. Armenia performs best on eductiona and safety & security and scores lowest on the social capital pillar. The biggest positive change, comp...
2017-12-02 13:52:04
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