All news tagged CUTS

Society

Armenia toughens sanctions for power and water supply disruptions

The Public Services Regulatory Commission (PSRC) of Armenia has approved new rules on compensation for frequent power cuts and water supply interruptions.

09.10.2024, 17:58

Technology

ENA plans to rule out power cuts in the centre of Yerevan

Modernisation of the power network in the centre of Yerevan was discussed at the meeting of Mayor Tigran Avinian with Karen Darbinyan, Chairman of the Board of Directors of Electrical Networks of Armenia (ENA) and Karen Harutyunyan, General Director of the company.

26.09.2024, 11:33

Technology

ENA plans to invest nearly $1.4bn by 2034 in development of Armenia's power grid.

Armenia's national energy distribution company Electrical Networks of Armenia (ENA) plans to increase total investment in the country's energy system to AMD 540 billion (over $1.38 billion) by 2034, ENA Director General Karen Harutyunyan told a press conference.

04.09.2024, 16:15

Economy

Armenia's Central Bank remains conservative on rate cuts, partly due to overheated property market - Freedom Broker Armenia head

Armenia's Central Bank remains quite conservative on rate cuts, given the protracted period of deflation/low inflation, Freedom Broker Armenia CEO Hovak Hovakimyan said in comments to ARKA news agency on the Central Bank's decision to cut the refinancing rate again.

11.06.2024, 18:28

Economy

EDB expects Armenian Central bank to continue refinancing rate cuts in the first half of 2024

The Eurasian Development Bank (EDB) said in its weekly macroeconomic review that it expects Armenia’s Central bank to continue the cycle of refinancing rate reductions in the first half of 2024, driven by stable inflation below the target range of the regulator.

18.03.2024, 10:32

Economy

Central Bank cautious in lowering refinancing rate, says head of Freedom Broker Armenia

Against the backdrop of the latest deflationary quarter and weak single-digit inflation figures earlier, such rate cuts look very cautious, Freedom Broker Armenia CEO Hovak Hovakimyan told ARKA news agency when asked to comment on the Central Bank's decision to lower the refinancing rate.

13.03.2024, 16:24

Society

Artsakh switches to three power cuts per day; 100 tons of food donated by Hayastan Fund cannot be transported to Artsakh due to blockade of road

Homes in Artsakh (Nagorno-Karabakh) will be disconnected from the power grid three times a day starting January 25 as part of rolling blackouts introduced after a section of the high-voltage transmission line coming from Armenia was knocked down on January 16.

24.01.2023, 18:44

Economy

Russia is better prepared for Western sanctions than EU to gas supply cuts - Borrell

Russia has done more to enhance its resilience against economic sanctions than the European Union has done to boost its capacity to cope with possible gas supply cuts, EU foreign policy chief Josep Borrell said on Sunday, according to TASS.

07.02.2022, 10:08

Business

Aeroflot chief says some Russian airlines may go bankrupt

Russia's flagship carrier Aeroflot is not planning to lay off staff in the near future, CEO Vitaly Saveliev said in an interview with TASS.

05.08.2020, 13:07

Society

Gazprom Armenia CEO denies allegations of super-high salaries

Hrant Tadevosyan, CEO of Armenia's national Russian-owned natural gas distributing company Gazprom Armenia, denied today allegations that he and some other top executives of the company are paid super-high salaries.

19.06.2020, 18:00

Business

Armenian government wants to further cut red tape for law-abiding taxpayers

Armenia’s Prime Minister Karen Karapetyan gave the chief of government staff 10 days to develop a draft government decision on setting up an inter-agency working group that will have to promptly submit proposals on further cutting red tape for law-abiding taxpayers, reducing tax risks, and solving the identified systemic problems.

22.02.2018, 15:36

Economy

Personnel cuts to save 157 million drams

The Armenian government on Thursday decided to cut personnel in a number of state non-profit organizations, which will allow to economize 157 million drams a year.

15.12.2016, 16:54

Economy

Armenian regulator cuts refinancing rate to 6.5 percent

Armenia’s Central Bank Board at a meeting on Tuesday decided to reduce the refinancing rate by 0.25 percentage points to 6.5%, the press service of the regulator said.

15.11.2016, 17:05

Economy

Armenian government agencies’ expenditures in 2017 will be cut

Armenian government agencies’ expenditures in 2017 will be cut, deputy finance minister Atom Janjughazyan told a parliamentary hearing on next year’s draft budget organized by several committees.

01.11.2016, 16:24

Society

Police to cut part of central apparatus personnel

Speaking today at a parliamentary discussion on the execution of 2015 budget, deputy chief of Armenian Police, Vardan Yeghiazaryan, said the agency is gearing up for personnel cuts starting from June 1.

23.05.2016, 18:35

Society

Armenia’s ex premier requests explanation from cabinet over social spending cuts

Armenia’s former prime minister, a deputy representing oppositional Armenian National Congress in the parliament Hrant Bagratyan requested detailed explanation over social spending cuts during Wednesday’s budget hearing in the National Assembly.

31.10.2012, 14:29

#CUTS

Armenia toughens sanctions for power and water supply disruptions

ENA plans to rule out power cuts in the centre of Yerevan

ENA plans to invest nearly $1.4bn by 2034 in development of Armenia's power grid.

Armenia's Central Bank remains conservative on rate cuts, partly due to overheated property market - Freedom Broker Armenia head

EDB expects Armenian Central bank to continue refinancing rate cuts in the first half of 2024

Central Bank cautious in lowering refinancing rate, says head of Freedom Broker Armenia

Artsakh switches to three power cuts per day; 100 tons of food donated by Hayastan Fund cannot be transported to Artsakh due to blockade of road

Russia is better prepared for Western sanctions than EU to gas supply cuts - Borrell

Aeroflot chief says some Russian airlines may go bankrupt

Gazprom Armenia CEO denies allegations of super-high salaries

Armenian government wants to further cut red tape for law-abiding taxpayers

Personnel cuts to save 157 million drams

Armenian regulator cuts refinancing rate to 6.5 percent

Armenian government agencies’ expenditures in 2017 will be cut

Police to cut part of central apparatus personnel

Armenia’s ex premier requests explanation from cabinet over social spending cuts

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