#ARMENIA
Moody’s affirms Unibank's ratings; outlook is stable
Moody's Investors Service has affirmed Unibank's baseline credit assessment (BCA) of b3, adjusted BCA of b3, counterparty risk assessment of B1(cr)NP(cr) and B2/NP bank deposit ratings. The outlook remains stable, the Bank said in a press release.Armenia commended by OSCE for making progress in combating labor trafficking
Head of the OSCE Yerevan Office, Andrey Sorokin, commended today Armenian authorities for making progress in the fight against trafficking. Sorokin spoke at the presentation of an OSCE-supported pilot study that aims to improve the identification of forced labor and labor trafficking cases among adults and children in Armenia, and to strengthen joint efforts to address related challenges.Armenian and Russian diplomats discuss information backup of their foreign policies
Armenian and Russian diplomats met December 23 in the Russian capital Moscow to hold consolations on information endorsement of their foreign policies. Armenian foreign ministry said the sides discussed some issues concerning the activity of Russian mass media outlets in Armenia and Armenian mass media outlets in Russia and also the peculiarities of information activities in the Eurasian Economic Union and the Collective Security Treaty Organization.Armenian economic environment kept more or less free of considerable shocks, president says
On the occasion of New Year and Holly Christmas Armenian President Serzh Sargsyan held a reception December 23 at the Presidential Palace for the representatives of the business community to congratulate those present on the occasion of the approaching holidays and wish them all the best.PM Abrahamyan, Iranian energy minister discuss development of bilateral cooperation
Prime Minister Hovik Abrahamyan received December 23 Iranian Energy Minister, Armenian-Iranian intergovernmental commission co-chair Hamid Chitchian. The parties discussed bilateral relations, Armenian-Iranian intergovernmental commission activities and regional cooperation, the government’s press office reported.Armenian prime minister and Georgian deputy energy minister discussed energy cooperation
Prime Minister Hovik Abrahamyan received December 23 Georgian Deputy Energy Minister, Vice Prime Minister Kakha Kaladze. On December 23-24, Yerevan is hosting a joint session of Armenian, Georgian, Iranian and Russian energy ministers on regional cooperation in the energy sector.UN secretary-general calls on Armenia and Azerbaijan to refrain from any actions that may result in further violence
The UN Secretary-General has taken note of the summit held between the Presidents of Armenia and Azerbaijan on 19 December 2015 in Bern, Switzerland,” spokesperson for the Secretary General Fahran Haq told a briefing on December 22.Some 82 hectares of forests recovered in 2015
About 82 hectares of forests have been recovered in Armenia in the outgoing year, nature protection minister Aramayis Grigoryan told a news conference today. According to him, new trees have been planted on 31 hectares in Sevan and Dilijan national parks.Armenian NPP to spend 316 million drams to replace its vehicles
Armenia’s Public Services Regulatory Commission (PSRC) has taken note of Armenian nuclear power plant’s investment program for 2016, worth 316 million drams (without VAT). PSRC said the bulk of the funds will be channeled into the replacement of the facility’s vehicles.Expansion of U.S. sanctions against Russia entities will have no impact on VTB Bank (Armenia) customers
The U.S decision to substantially expand its sanctions against individuals and entities in Russia, including sectoral sanctions, will have no impact on VTB Bank (Armenia) customers, the Yerevan-based bank said today in a statement.WB approves US$55 million loan for Armenia’s local economy development project
The World Bank Board of Executive Directors approved today a US$55 million loan for the Local Economy and Infrastructure Development Project (LEIDP) for Armenia to improve infrastructure services and institutional capacity for increased tourism contribution to the local economy in five selected regions of the country.Armenian dram holds out OK in volatile world, World Bank Country Manager for Armenia says
The Armenian national currency, the dram, has been demonstrating a relative stability compared with its regional neighbors’ currencies, Laura E. Bailey, the World Bank's Country Manager for Armenia, told a news conference today. She said she even wrote about the dram in her page in Twitter.World Bank expects Armenia’s GDP growth in 2015 to make 3.2-3.5%
The World Bank expects Armenia’s GDP growth in 2015 to make 3.2-3.5% and drop to 2.2% in 2016, Laura E. Bailey, the World Bank's Country Manager for Armenia, told reporters on Wednesday. She added, however, that the final figures for 2015 will be available in March 2016.Former Armenian prime minister approved as chairman of Eurasian Economic Commission Board
The Eurasian Economic Union’s (EEU) leaders approved a new composition of the Eurasian Economic Commission (EEC), the executive body of the bloc, at a session of the Supreme Eurasian Economic Commission in Moscow on 21 December, EEC said in a statement.Armenian regulator cut basic rate by 1 percentage point to 8.75%
Armenia’s Central Bank on Tuesday cut the refinancing rate by 1 percentage point to 8.75%, saying also the inflation in 2015 November dropped to 0.6% from 1.3% in 2014 November, making the 12-month inflation in 2015 November 1.2%.It is up to political leadership to ask CSTO to respond to escalating tension in Nagorno-Karabakh conflict zone, spokesman
It is up to the political leadership of the country to ask the Collective Security Treaty Organization (CSTO) to respond to the escalating tension in the Nagorno-Karabakh conflict zone and along the Armenian-Azerbaijani border, a spokesman for the Armenian defense ministry, Artsrun Hovhannisyan, said today.News 17841 - 17860 of 18452
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