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Economy
‘’Voske Kat’’ invests over $201 million in dairy production in Armenia
‘’Voske Kat’’ LLC will invest 78.8 billion drams ($201.2 million) in equipment and the purchase of imported raw materials for dairy production.
28.11.2024, 15:44
Business
Armenia's largest toy maker to invest $1.1M, granted customs duty exemption
At a meeting on Thursday, the Armenian government granted ‘’Mankan’’ LLC an exemption from customs duties on imported raw materials for the production of soft toys.
21.11.2024, 15:47
Business
Staking on super-app and dividends: TelCell declares investors' interest in company's shares
The active sale of Telcell shares continues, with thousands of shareholders already making significant investments in one of Armenia's leading financial ecosystems, testifying to the company's dynamic development, visible growth and confidence, TelCell CEO Artem Ghazaryan told a news conference today.
04.11.2024, 12:18
Business
Armenian-American smelter to be relocated from Yeraskh to village of Ararat due to Azerbaijani fire
The Armenian government allowed today an Armenian-U.S. company GTB Steel LLC that was building a smelter in the village of Yeraskh to relocate it to the Ararat village in the same name province.
14.12.2023, 18:13
Incidents
Azerbaijani troops fire more than 60 shots in three days at steel plant in Armenian Yeraskh
Azerbaijani troops intensively shelled a steel plant under construction in the Armenian village of Yeraskh from August 25 to 27, GTB Steel LLC reported.
28.08.2023, 12:55
Business
Expert: Armenia strategically needs alternative to Upper Lars border crossing (VIDEO)
In an interview with ARKA news agency’s ARKA-Business program broadcast on Youtube channel, the co-founder of Spinnaker Group LLC Norayr Gevorgyan, who is a member of Mantashyants international business club, speaks about the need of creating an alternative to the Upper Lars border crossing for Armenia.
18.07.2023, 17:22
Politics
If shooting continues at unarmed workers that will be seen as direct attack on American capital, owners of Yeraskh smelter warn
U.S.-based companies Virtual Funding LLC and CSE Global Investments LLC, which are building a steel casting plant outside the village of Yeraskh in the Armenian province of Ararat, warned Azerbaijan in a statement that if shootings in the direction of the unarmed workers of the plant continue, they will consider that as a “direct attack on American capital.’
15.07.2023, 15:52
Business
Armenia-registered company included in sanctions list of U.S. Department of Commerce
An Armenia-registered company was included in the sanctions list of the U.S. Department of Commerce in addition to the sanctions of the U.S. Department of the Treasury.
13.04.2023, 10:20
Business
Armenian polyethylene pipes producing company to buy .3.2 billion drams worth raw materials
Polyethylene pipes and fittings producing company Mayer Plast LLC received tax benefits from the Armenian government today for import of raw materials.
23.02.2023, 19:36
Technology
U.S. Department of Treasury includes Armenia-based company in list of entities subject to new U.S. sanctions against Russia
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) included Taco LLC, an Armenia-based company, in the list of entities subject to the new U.S. sanctions against Russia.
30.09.2022, 19:23
Business
Art Global LLC to invest 2 billion drams in production of disposable paper tableware
22.09.2022, 17:20
Business
Company to spend about 10 bln drams on butter production
The Armenian government made a decision today to exempt the Step-Progress LLC from import duties, the government's press service reported. It said the company will import raw materials to produce butter in a Yerevan plant.
28.07.2022, 14:51
Society
Government approves $10 million worth development project in Yerevan
The Armenian government has approved today a $10 million worth development project to be implemented by Hayk-88 LLC.
26.11.2020, 15:14
Business
Armenian regulator fines City LLC for violation of law
Armenia's State Commission for the Protection of Economic Competition (SCPEC) has fined the City LLC to the tune of 17.6 million drams (about $36,300) and issued a warning against Alex and Holding company for abuse of their dominant position in the local market of butter.
03.08.2020, 13:07
Business
Glazed éclairs cause mass poisoning in two Armenian provinces
Armenia's Ministry of Health and the Food Safety Inspectorate said a total of 49 people were hospitalized after eating éclairs produced by Zeytun Sweet LLC.
06.02.2020, 17:46
Business
Armenia's anti-trust agency fines Alco Import Export LLC to the tune of 32 million drams
Armenia's anti-trust agency has ruled to fine the Alco Import Export LLC to the tune of 32 million drams.
26.11.2019, 17:43
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Popular
Reforms aimed at diversifying exports, improving the business environment, strengthening governance, and advancing climate policy implementation are crucial for boosting economic resilience and increasing potential growth, said IMF Deputy Managing Director and Acting Chairman Bo Li.
IMF outlines measures to boost Armenia's economic resilience and growth
