Alternative Tatev-Aghvan road to be commissioned in late November, deputy prime minister says

|

USD

392.54

EUR

425.47

RUB

4.6351

GEL

141.59

Economy

25.10.2021, 14:27

The strategic alternative road from Tatev to Aghvan in the southern Armenian province of Syunik will be commissioned by the end of November, Deputy Prime Minister Suren Papikyan said in a Facebook post.

Alternative Tatev-Aghvan road to be commissioned in late November, deputy prime minister says

YEREVAN, October 25. /ARKA/. The strategic (18km long) alternative) road from Tatev to Aghvan in the southern Armenian province of Syunik will be commissioned by the end of November, Deputy Prime Minister Suren Papikyan said in a Facebook post.

"Together with the Chief of Staff of the Prime Minister Arayik Harutyunyan and the Governor of Syunik province Melikset Poghosyan, we visited the Tatev-Aghvan section of the road to see the progress made so far. The strategically important road is expected to be fully commissioned by the end of November," he wrote.

Papikyan said that the construction of alternative roads in Syunik region are underway. In his words, all these roads will be ready for operation next spring, as a result of which a completely new road communication system will appear.

After the leaders of Armenia, Russia and Azerbaijan signed a statement on the cessation of all hostilities in Artsakh on November 9, 2020, more than 190 settlements of Nagorno-Karabakh and adjacent seven regions came under the control of Azerbaijan.

As a result, the borders of the Syunik region in the south of Armenia and the Gegharkunik region in the east appeared in close proximity to the Soviet-time border of Azerbaijan.

Azerbaijani forces have set up a police checkpoint on a section of the road between Goris and Kapan.

The checkpoint is on a section of a strategic road that connects Armenia with Iran. Armenian forces had pulled out of that road section after the end of hostilities in Nagorno-Karabakh last autumn. Now Azerbaijani forces control a 21-kilometer stretch of the highway. The other sections of the highway, which is Armenia’s sole transport link with Iran are patrolled by Russian soldiers and border guards. -0-

Armenia's withdrawal from EEU at the stage of negotiations on joining the EU will cost 30-40% of its GDP – Shoigu

Armenia will lose many privileges if it joins the European Union, as it will have to withdraw from the Eurasian Economic Union (EEU), Secretary of the Russian Security Council Sergei Shoigu told reporters.

20.03.2025 19:54

Armenia and Russia discuss expansion of trade and economic cooperation

Armenian Minister of Economy Gevorg Papoyan, who is on a working visit to Moscow, discussed with Russian Minister of Economic Development Maxim Reshetnikov a set of issues related to the expansion of trade and economic cooperation between the countries.

20.03.2025 17:01

Armenia's economy may show growth of around 6% in 2025 - Central Bank Board member

Surveys conducted by the Central Bank of Armenia among participants in the real sector indicate that economic growth is expected to stabilize at around 5% in the long term, with expectations for the current year slightly below 6%, said Levon Sahakyan, a member of the Central Bank Board.

20.03.2025 14:44

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