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#DISTRIBUTION

Economy

Parliament committee allows government to redistribute another 77 billion drams, including for assistance to Nagorno-Karabakh refugees

A standing committee of the Armenian parliament in charge of financial and budget issues has approved today a draft law allowing a redistribution of government budget funds.

21.11.2023, 11:33

Business

AMD 20 bln will be allocated for construction of new natural gas distribution stations in Yerevan

The existing natural gas supply network in the capital Yerevan can no longer meet the needs, and there are problems in connecting new users and new buildings to it, Territorial Administration and Infrastructure Minister Gnel Sanosyan said at the government session on Friday

16.06.2023, 14:28

Society

Armenia is one of the leading countries in terms of Gini index - Finance Minister

Armenia's Gini index, which is used to measure income distribution across different population groups, was 0.27 in 2021, Finance Minister Vahe Hovhannisyan said on Wednesday. .

15.06.2023, 09:42

Business

Armenia allowed to import duty free 7,000 electric cars in 2022

Armenian Economy Minister Vahan Kerobyan told a Cabinet session today that under a March 17 decision of the Eurasian Economic Commission Board –the executive arm of the Russia-led Eurasian Economic Union- Armenia is allowed to import as many as 7,000 electric vehicles this year which will not be subject to customs duty.

15.04.2022, 13:58

Technology

Armenia's PSRC approves Gazprom Armenia's investment program for 2021-2025

Armenia's Public Services Regulatory Commission (PSRC) has given its approval today to the investment program of Gazprom Armenia national natural gas distributing company for 2021-2025 in the amount of 108.8 billion drams (VAT not counted).

23.12.2020, 18:43

Technology

Gazprom Armenia reports ever recorded minimum level of losses

Losses and expenses for own needs of Gazprom Armenia national natural gas distribution company were at the ever recorded lowest level, Armenian Prime Minister Nikol Pashinyan said today.

18.09.2019, 18:06

Society

Armenian PSRC fines Veolia Jur to the tune of 10 million drams

Armenia’s Public Services Regulatory Commission (PSRC) said it has fined Veolia Jur water distribution company (a subsidiary of French Veolia Generale des Eaux) to the tune of 10 million drams (about $20,700).

22.08.2018, 15:24

Technology

Tashir group to invest $90 million in Electric Networks of Armenia

Tashir group of companies, owned by a Russia-based billionaire of Armenian origin Samvel Karapetyan, will invest $90 million in the modernization of Armenia’s power distribution company Electric Networks of Armenia, Russian TASS news agency reported.

15.06.2018, 16:33

Business

French Veolie Generale des Eaux to invest 80 billion drams in upgrading of Armenia’s water distribution system

The French company Veolie Generale des Eaux, chosen by the Armenian government as the single operator of the country’s water distribution networks, will invest 80 billion drams in the next 15 years in upgrading of the system, Arsen Harutyunyan, the head of the State Water Economy Committee, told representatives of the European Bank for Reconstruction and Development (EBRD), led by loan specialist Tia Melikadze, on November 1.

02.11.2016, 15:45