#ARMENIA

Telethon-2016 to be aimed at recovery of war-stricken areas in Nagorno Karabakh

Nagorno-Karabakh Republic President Bako Sahakyan, speaking Friday at a session of the board of trustees of Hayastan All Armenian Fund, proposed to include in the Telethon – 2016 recovery of residential areas of Artsakh [Armenian name of Karabakh] that was damaged in Azerbaijan’s four-day military campaign against Karabakh.

Construction of house in Armenia’s Tavush province for family of fallen serviceman to be completed in June

Construction of a house in Armenia’s Tavush province for the family of a serviceman killed in the four-day military campaign Azerbaijan launched in April against Karabakh will be completed in June, David Lokyan, Armenian territorial administration minister said Thursday at a regular Cabinet meeting.

Financial resources coming to Armenia from Eurasian Economic Union budget shrunk

The flow of financial resources from the Eurasian Economic Union’s common budget to Armenia has dwindled, Haykakan Zhamanak (Armenian Time) reports.

Armenian government earmarks AMD 92 million to ease border areas residents’ utilities expenses burden

Armenia’s government will allocate about AMD 92 million this year to pay compensations to residents of border areas for their utilities bills, David Lokyan, Armenian territorial administration and development minister, said on Thursday.  

Government prepares memos for importers

Armenia’s economy minister Artsvik Minasyan said today the government will release special memos designed for importers as a follow–up to prime minister’s order. According to Minasyam, the memos that will be available in electronic format will contain information compiled specifically for importers.

There will remain 17-18 banks in Armenia in one year

By 2017 there will remain 17 or 18 commercial banks in Armenia that will meet the new regulatory requirement of the Central Bank concerning total capital size, the chairman of the Union of Banks of Armenia (UBA) Samvel Chzmachyan said Thursday at a meeting of the International Banking Council in Yerevan.

Every third resident of Armenia lives below poverty line – minister

Armenia’s poverty rate shed 2% in 2015, compared with the previous year, to 30%, Artem Asatryan, Armenian labor and social affairs minister, said Thursday presenting his ministry's 2015 performance report to the National Assembly’s committees.  

Minister speaks about achievements and faults in Armenian agriculture

Sergo Karapetyan, Armenia's agriculture minister, presenting the 2015 performance report to the National Assembly's committees, spoke about achievements and problems of agriculture. He also told lawmakers how his ministry is struggling against corruption.  

Things along Armenia-Azerbaijan border calm Wednesday nigh

Things along the border between Armenia and Azerbaijan were calm Wednesday nigh, the press office of the Armenian defense ministry reported Thursday morning.

Armenian government to receive grant worth $1 million from Japan

Japanese government will provide a grant worth 200 million yen (about 2 million US dollars) to Armenia for economic and social development, the press office of the Armenian foreign ministry reported on Wednesday.

Unibank announces new issuance of 2.8 billion drams worth shares

Unibank OJSC said today it is going to place another 12.2 million ordinary shares worth 2.8 billion drams through an SPO at NASDAQ OMX Armenia stock exchange.

Military prosecutors investigate reports about sales of dry ration produced by Armenian army by polish store

Armenia’s military prosecutors have pledged to make an inquiry into media reports saying that canned dry food produced specifically for Armenian armed forces are being sold by a Polish store.

Armenian parliament adopts new election law

Armenia’s parliament has passed today in the third and final  reading a new Electoral Code. It was endorsed by 102 MPs; 17 lawmakers voted against it and three abstained.

Increase in imports in Armenia in April mistakenly overestimated

The unprecedented increase in imports that was recorded in Armenia in April was mistakenly overestimated, Nelli Manucharyan, the spokesperson of Armenian State Revenue Committee, told ARKA News Agency on Wednesday.

Iranian businessman denied access to Armenia’s petrol market

Arshia Monjezi, an Iranian businessman, has been denied access to Armenia's market, Zhamanak reports.

Fake drugs may flood Armenia – expert warns

Gayane Khachvankyan, head of the drug division of the National Academy of Consumers of Armenia, told journalists on Tuesday that the newly adopted law on medicaments has some faults giving room for importers of fake drugs from other countries, especially the Eurasian Economic Union member countries.  

ACBA Mobile app expands its capabilities

ACBA CREDIT AGRICOLE BANK'S ACBA Mobile application https://www.acba.am/hy/individuals/distance-banking/acba-mobile launched in 2015 September, enables the bank's customers to make money transfers to their accounts in the bank or to the accounts in any other bank in Armenia, to replenish deposits, to pay utility bills, to exchange currency and to receive detailed information about their obligations to the bank.

Government to cut the number of decisions four times

As part of a plan to streamline it activities, the Armenian government will cut the number of decisions it takes during one year four times, chief of government staff David Harutyunyan said today to parliament.

Twenty fish farms shut down this year

About two dozen fish farms have shut down in Armenia since the beginning of the year- three in the past five days, Arthur Atoyan, the chairman of the Union of Fish Producers and Exporters said today.

No military solution to the Nagorno-Karabakh conflict, vice president of Bundestag says

There is no military solution to the Nagorno-Karabakh conflict, Vice President of the German Bundestag Edelgard Bulmahn said today in Yerevan.