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Business
S&P Upgrades Ameriabank to 'BB-', Outlook Stable
S&P Global Ratings raised its long-term issuer credit rating on Ameriabank CJSC to 'BB-', outlook stable.
30.08.2023, 18:37
Economy
Less than it should have been: economist on S&P's upgrade of Armenia's credit rating (exclusive)
Less than it should have been, said economist Hrant Mikayelyan in an exclusive interview with ARKA news agency, when asked to comment on the latest upgrade of Armenia's sovereign credit ratings by S&P Global Ratings.
29.08.2023, 13:49
Economy
Fitch Ratings upgrades Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'B+'. Outlook is Stable.
Fitch Ratings has upgraded Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable.
31.07.2023, 08:44
Business
Moody's changes Ameriabank's outlook to stable; affirms Ba3 rating
Moody's Investors Service ("Moody's") upgraded Ameriabank’s Baseline Credit Assessment (BCA) to ba3 from b1 and affirmed the bank’s long-term deposit ratings at Ba3.
29.06.2023, 17:02
Business
EDB to invest $150 million in major upgrade of Upper Lars border crossing
The Eurasian Development Bank (EDB) will invest approximately $150 million in a $200 million project to upgrade the Upper Lars checkpoint on the Russian-Georgian border.
08.06.2023, 15:59
Economy
Armenian government grants AMD 74bln subsidies to companies for equipment modernization
Over the past 7-8 months, the Armenian government has provided a long string of companies with about AMD 74bln drams worth subsidies to repay the interest on loans they had received to upgrade their equipment, Economy Minister Vahan Kerobyan told "Armenian Business without
06.04.2023, 12:28
Society
Yerevan municipality to replace 500 elevators this year in high-rise residential buildings
As part of a program to upgrade elevators in Armenia's capital city Yerevan, the city's municipality will replace this year 500 elevators in high-rise residential buildings.
10.06.2020, 17:49
Business
Gazprom-Armenia to invest nearly 61 billion drams in upgrading system in 2020-2024
Armenia's Public Services Regulatory Commission (PSRC) approved December 18 the investment program of the national natural gas distributing company Gazprom-Armenia for 2020-2024.
19.12.2019, 10:21
Business
Armenian Center for Economic Development Initiatives comes up with initiative to upgrade the fleet of cars
The Armenian Center for Economic Development Initiatives has come up with an initiative to upgrade the country's fleet of cars. Narine Mehrabyan, the head of the Center's public and external relations unit, told a press conference on Tuesday that the bulk of cars in Armenia are 5 years and older.
26.11.2019, 17:25
Economy
Fitch upgrades Armenia to 'BB-'; outlook stable
Fitch Ratings has upgraded Armenia's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable. Fitch said in a report that the upgrade of Armenia's IDRs reflects the following key rating drivers and their relative weights:
25.11.2019, 10:00
Business
Moody's upgrades long-term foreign currency rating of bank deposits of VTB Bank (Armenia) from b2 “stable” to b1 “stable”
Moody's has upgraded the long-term foreign currency rating of bank deposits of VTB Bank (Armenia) from B2 “stable” to B1 “stable,” the press service of the bank said.
05.09.2019, 19:16
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Popular
The authorities' plan to nationalize the national power distributing company Electric Networks of Armenia (ENA), announced by Prime Minister Nikol Pashinyan, will break the backbone of the country's economy and scare away investors, both domestic and foreign, former Finance Minister Vardan Aramyan said in an exclusive interview with ARKA news agency on Thursday.
Nationalization of Electric Networks of Armenia will break the “backbone” of the economy and scare away investors – former Minister of Finance (EXCLUSIVE)