Armenian transport minister praises South Caucasus Railway

|

USD

384.44

EUR

434.11

RUB

4.8278

GEL

140.51

09.11.2015, 19:03

Armenian transport and communications minister Gagik Beglaryan praised today the South-Caucasus Railway, a Russian-run company operating Armenia's rail roads, describing its performance as 'effective.'

Armenian transport minister praises South Caucasus Railway

YEREVAN, November 9. / ARKA /. Armenian transport and communications minister Gagik Beglaryan praised today the South-Caucasus Railway, a Russian-run company operating Armenia's rail roads, describing its performance as 'effective.'

'The company plays a very important role in Armenia’s transport sector,' he said.

Under Armenia's 2016 draft budget the company is set to receive a 349 million dram subsidy to cover its losses caused by a drop in the overall number of passengers traveling by commuter trains and the drop in the transportation of goods because of objective reasons. According to SCR CEO Sergey Valko, the negative trend in the railway traffic continues.

South Caucasus Railways is a 100% subsidiary of state-run Russian Railways that was awarded a concesional management of SCR. The 30 year contract was signed in 2008. It can be prolonged for another 10 years. .-0-

Unibank launches “become a millionaire” promotion

Unibank has announced the launch of its new promotional campaign “Become a Millionaire,” which will run through September 12, 2025.

21.05.2025 11:19

ARARAT Armenian Brandy Presents Audio guide ARARAT Yerevan

ARARAT Armenian brandy presents its new cultural project dedicated to Yerevan.

20.05.2025 19:23

Armenia and Kazakhstan consider establishment of regular direct air service

The Chairman of the National Assembly of Armenia Alen Simonyan discussed with his Kazakh counterpart, Head of the Senate Maulen Ashimbayev the establishment of regular direct flights between the two countries.

15.05.2025 16:55

Converse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projects

Converse Bank and the European Bank for Reconstruction and Development (EBRD) signed two loan agreements totaling US$ 8 million during the EBRD’s Annual Meeting in London.

15.05.2025 15:51

Ameriabank partners with EBRD to support Armenian businesses through RSF framework

Ameriabank has signed a €50 million funded Risk Sharing Framework (RSF) agreement with The European Bank for Reconstruction and Development (EBRD) to facilitate Armenian firms’ access to finance. Under the RSF, the EBRD will co-finance individual loans provided by Ameriabank to eligible borrowers.

15.05.2025 13:50

Armenia seeks solution for alcohol exports: talks with Georgia underway

Armenian authorities are looking for a solution for alcohol exports, Economy Minister Gevorg Papoyan said today in response to a question about what the ministry was doing to resolve the problem that Armenian alcohol exports have been facing for weeks already when trying to cross the Georgian border into Russia.

13.05.2025 17:04

Armenia's service sector grew by 11.5% in Q1, reaching AMD 865.3 billion

Armenia’s service sector in the first quarter of 2025 amounted to AMD 865,288.2 million (in current prices), an increase of 11.5% compared to the first quarter of 2024, the National Statistical Committee reported.

12.05.2025 17:16

Armenia surpasses some European countries in terms of service level – international coach

The level of service in Armenia is much better than in some European countries, said international coach in customer service and leadership Aneta Korobkina, who has many years of experience in the personnel development industry and, including customer service.

12.05.2025 17:03