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Economy

Head of developers' association expects no drop in Armenia's real estate prices

There are expectations in the market that prices will decrease, but the head of ‘’Armenian Developers Association’’, Gurgen Grigoryan, disagrees.

10.12.2024, 14:34

Society

Green Rock Management Group proposes to invest $8.5 mln. in the reconstruction of Yerevan's Circular Park

Green Rock Management Group developer said in a press release that several months ago, it had received a proposal from the Yerevan Municipality to present a project for the transformation and improvement of the Circular Park, known as O4 Green Urban Hub.

17.01.2024, 16:59

Business

Developers in Armenia banned from using 75% of apartment buyers' funds until construction is completed

Armenia's National Assembly has passed today in the second and final reading a set of amendments to the Civil Code, which prohibit developers to use 75% of apartment buyers' funds until the end of construction.

12.09.2023, 13:39

Business

Construction sector in Armenia grew by 15.6% in first quarter - Kerobyan

Armenia's construction sector grew by 15.6% in the first quarter of 2023, Economy Minister Vahan Kerobyan told the parliament today.

23.05.2023, 17:20

Technology

Russian IT developer Bercut offers new opportunities for Armenian financial market

The COVID-19 pandemic that nearly swept the entire world pushed all sectors of economy to accelerate digitalization.

16.09.2022, 11:29

Business

Kerobyan: It's a "golden era" for developers in Armenia

Armenian Economy Minister Vahan Kerobyan told a government session today that "now is the golden era for construction companies to get loans for upgrading their equipment because of increasing development projects both in the private and public sectors.

11.08.2022, 12:49

Business

VTB (Armenia) offers mortgage loans at 10.8% for purchase of apartments in Renaissance Premium Home

VTB (Armenia) bank and the Yerevan State University (YSU) Alumni Association real estate developer have launched a partnership program offering mortgage loans for buyers of apartments in a multi-functional residential complex Renaissance Premium Home at 10.8% interest rate.

05.04.2022, 15:09

Business

Armenian property developers dissatisfied with freezing of their construction licenses

Armenian property developers are getting increasingly dissatisfied with the freezing of their construction licenses, Gagik Makaryan, the head of the National Union of Employers, told reporters on Wednesday.

27.03.2019, 18:29