Yerevan
19 / August / 2019

Economy

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
How much USD Armenia banks purchased, sold within week?
YEREVAN. – The Central Bank of Armenia has publicized the summary data of the commercial bank transactions that were conducted in the country, from November 13 to 17. Accordingly, the banks in Armenia purchased USD 114,152,851 and sold USD 100,455,676 during this period. In addition, they conducted a trade totaling USD 22,050,000. The NASDAQ OMX Armenia stock exchange, however, saw no USD trading during the week. Also, the commercial banks in Armenia purchased EUR 15,004,147 and sold E...
2017-11-18 12:50:56
Karabakh president meets with Armenian bank leaders
STEPANAKERT. – President of the Nagorno-Karabakh Republi Bako Sahakyan received heads of a group of representatives of leading Armenian banks headed by president of the Central Bank Arthur Javadyan. Issues related to the development of banking sector in Artsakh were on the agenda. The Head of the State noted with satisfaction active cooperation of the two Armenian republics and underscored importance of close cooperation in the future.
2017-11-04 13:26:36
US embassy on Monsanto: Decision on which products to use is up to Armenia’s far...
YEREVAN. – One of the United States’ top priorities in Armenia is to increase trade and investment between our two countries, U.S. embassy in Armenia said in response to Armenian News-NEWS.am's inquiry about Monsanto company’s involvement in the Armenian market. The news about Monsanto’s possible involvement in the Armenian market has provoked a tough response in media arising fears that the company that is associated with GMO products would work in Armenia. The stateme...
2017-11-04 13:25:08
Armenia PM to travel to Uzbekistan
YEREVAN. – A delegation from Armenia, and led by Prime Minister Karen Karapetyan, on Wednesday will head to Uzbekistan. In capital city Tashkent, the delegation will attend a regular meeting of the Commonwealth of Independent States (CIS) Council of Heads of Government, press office of the government of Armenia informed Armenian News-NEWS.am. About twenty matters related to CIS countries’ cooperation in the economic and several other domains are on the agenda of this talk.
2017-11-02 12:32:28
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