ArmRosgasprom plans to make investments for $150mln during 2007-2009

|

USD

391.57

EUR

426.77

RUB

4.6962

GEL

141.11

Economy

24.07.2007, 01:54

During 2007-2009, ArmRosgasprom plans to make investments for a total of AMD 52bln (about $150mln), Director General of ArmRosgasprom Karen Karapetyan reported Monday at the presentation of the first issue of the company’s coupon bonds.

YEREVAN, July 23. /ARKA/. During 2007-2009, ArmRosgasprom plans to make investments for a total of AMD 52bln (about $150mln), Director General of ArmRosgasprom Karen Karapetyan reported Monday at the presentation of the first issue of the company’s coupon bonds.

According to him, these funds will be allocated for reconstruction and provision of conditions for expanding the carrying capacity of the gas transport system. Karapetyan pointed out that implementation of these projects will allow ArmRosgasprom to be involved in gas-energy projects of regional importance, and it will increase reliability of gas supply due to an alternative source of gas supply.

“Over the last 4-5 years, the company’s investments totaled $100mln, $83mln being allocated for gas supply works,” he said.

Karapetyan reported that the company’s authorized capital stock totals AMD 196.9bln ($580mln), divided into 39.18mln of simple nominal shares. R.O. –0--

Armenian parliamentary committee approves double taxation agreement with Hong Kong

The Parliamentary Committee on Economic Affairs gave a positive conclusion regarding the ratification of the agreement on the elimination of double taxation of income between Armenia and Hong Kong during a meeting on Wednesday.

19.03.2025 13:00

Armenia is ready to deepen trade and economic relations with EU in all areas – Minister

Armenia is ready to continue and deepen its trade and economic relations with the EU in all possible areas, said Economy Minister Gevorg Papoyan on March 18 during a meeting with Meglena Kuneva, a lecturer at the Diplomatic Academy of the European External Action Service, former chief negotiator and EU commissioner, and former Deputy Prime Minister of Bulgaria.

19.03.2025 09:49

Cadastre Committee to create passports for about 10,000 geographical names of Armenia

The Armenian Cadastre Committee will create 'passports' for about 10,000 geographical names and update the data in 2025, the head of the Committee Suren Tovmasyan said.

18.03.2025 18:14

"A busy year awaits us": Martin Galstyan on the impact of China's economy and trade wars on Armenia

The head of the Armenian Central Bank Martin Galstyan responded to a question whether the Stimulus Package, adopted by China and, in particular, the rise in copper prices, will affect Armenia's economy.

18.03.2025 17:56

Central Bank of Armenia left refinancing rate unchanged at 6.75%

At its meeting on March 18, the Board of the Central Bank of Armenia kept the refinancing rate unchanged at 6.75%.

18.03.2025 12:18

Armenia aims to connect itself with both EEU, EU, Arab, Asian and other markets by "numerous threads" - Papoyan

Armenia seeks to connect its economy with the Eurasian Economic Union (EEU) market as well as the EU, Arab, Asian and other markets with as many threads as possible, Minister of Economy Gevorg Papoyan said.

17.03.2025 17:16

S&P expects Armenia's economic growth to halve in three years

Over the next three years, growth in Georgia and Armenia will almost halve, from 9.4% and 8.8%, respectively, in 2022-24, but will remain sustainable, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.

14.03.2025 10:26

Dynamics of the decline in exports and imports in Armenia will last throughout the first half of the year – EDB

The decline in the value of exports and imports in Armenia in January by 49.2% year-on-year (y/y) and 33.5% y/y, respectively, was due to the fact that the positive impact of foreign trade in precious metals had been exhausted.

13.03.2025 15:00