"Electric Networks of Armenia" paid subscribers 205 million drams as compensation for violations of standards

|

USD

384.44

EUR

434.11

RUB

4.8278

GEL

140.51

Economy

15.05.2025, 13:20

Head of the Public Services Regulatory Commission (PSRC) of Armenia Mesrop Mesropyan presented data on compensations paid to subscribers by companies in the field of public utilities in 2024.

"Electric Networks of Armenia" paid subscribers 205 million drams as compensation for violations of standards

YEREVAN, May 15. /ARKA/. Head of the Public Services Regulatory Commission (PSRC) of Armenia Mesrop Mesropyan presented data on compensations paid to subscribers by companies in the field of public utilities in 2024.

"For violations of the requirements established by the network rules of the electricity distribution market, as well as the commercial rules of the retail electricity market, CJSC "Electric Networks of Armenia" paid 117 thousand subscribers compensation (penalties) in the total amount of 205 million drams," Mesropyan said in parliament.

According to him, for violations of the established requirements for gas supplies, the company "Gazprom Armenia" paid 5613 subscribers penalties in the amount of 4.8 million drams. "The water supply operator, Veolia Jur CJSC, paid 1,55 million drams in penalties to 1,028 subscribers for violating water supply and drainage requirements," Mesropyan reported. ($1 - 387.99 drams).

The most prestigious wine competition Concours Mondial de Bruxelles will be held in Armenia for the first time

One of the most prestigious wine competitions in the world, the 33rd Concours Mondial de Bruxelles, will be held in Armenia for the first time, said Zara Muradyan, director of the Armenian Viticulture and Winemaking Foundation.

12.06.2025 15:23

Head of State Revenue Committee of Armenia and Minister of Eurasian Economic Union discussed improving the legal framework for customs regulation

The prospects for developing current cooperation in the field of customs regulation within the EAEU were discussed at a meeting between the head of the State Revenue Committee of Armenia Eduard Hakobyan and the Minister of Customs Cooperation of the Eurasian Economic Commission Ruslan Davydov.

11.06.2025 23:10

In April, more than 4.7 thousand real estate purchase and sale transactions were made in Armenia, with the largest number of foreigners being Russian citizens

In April 2025, 4,778 real estate purchase and sale transactions were made in the Armenian real estate market, compared to 4,528 transactions in April 2024 and 4,258 in March 2025.

11.06.2025 17:49

Cargo transportation volume in Armenia increased by 0.8% in 4 months, while passenger transportation decreased by 27.3%

The total volume of cargo transportation in Armenia in January-April 2025 amounted to 4,709.9 thousand tons, increasing by 0.8% compared to January-April 2024, while the total volume of passenger transportation amounted to 50,910.9 thousand people, with a decline of 27.3%.

11.06.2025 16:52

Service sector in Armenia grew by 9.9% in 4 months, reaching 1.2 trillion drams

The volume of the service sector in Armenia in January-April 2025 amounted to 1,173,420.7 million drams (in current prices), increasing by 9.9% compared to January-April 2024.

11.06.2025 16:47

World Bank left unchanged its spring forecasts for the Armenian economy for 2025-26, but worsened the January ones

The World Bank expects that the Armenian economy will grow by 4% in 2025, by 4.2% in 2026, and by 4.5% in 2027.

11.06.2025 15:49

Armenia's economy is returning to its potential growth rate - Central Bank head

Armenia's economy is returning to growth rates close to potential, said Martin Galstyan, head of the republic's Central Bank.

11.06.2025 15:31

"Hardest part has been passed": Yerevan mayor is confident that the Ajapnyak metro station will be built

The Ajapnyak station of the Yerevan metro will be built, the hardest part has been passed, Yerevan Mayor Tigran Avinyan said in parliament.

11.06.2025 15:16