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''Energy Efficient Regions'' program implemented in Armenia with $1.7 million EFSD grant
... ‘’Energy Efficient Regions’’ program have reached 40%. YEREVAN, November 21. /ARKA/. Electricity saving in public buildings participating in Armenia's ‘’Energy Efficient Regions’’ program have reached 40%. This was reported by Karen Asatryan, Director of the Armenian Renewable Energy and Energy Efficiency Fund, during an expert meeting. Since 2022, the Renewable Energy and Energy Efficiency Fund has been implementing the ‘’Energy Efficient Regions’’ program with a $1.7 million ...
11/21/2024Special programme in Vayots Dzor: 2 schools will become energy independent (VIDEO)
... will become energy-saving and a system of quality education will be formed in them. Studies conducted by the UN World Food Programme show that the higher the quality of children's nutrition, the higher the quality of their education," said Narek Asatryan, Head of Public Relations Department of Acba Bank. Nana Skau, director of the UN World Food Programme office in Armenia, believes that solar power plants will help schools save and spend money on feeding schoolchildren. "There is a lot of ...
06/25/2024Glendale mayor to arrive in Armenia to participate in conference on local democracy
Mayor of the American city of Glendale (with strong Armenian community) Helen Asatryan said she will be visiting Armenia from June 11 to 20 to participate in the US-Armenia conference on local democracy organised by the US Department of State and executive bodies of US cities. YEREVAN, 11 June. /ARKA/. Mayor of the American ...
06/11/2024Schoolchildren competed in robotics (video)
... important that Armenia has a platform where school-aged children can engage in engineering solutions, create robots and apply their ideas and thoughts. And one thing should be remembered that today's failure is another step towards success," said Narek Asatryan, head of Acba Bank's public relations team. "Agriculture provides employment to the largest part of the country’s population. The introduction of new technologies in agriculture is important for increasing its efficiency. For the new generation,...
12/20/2022Former head of Central Bank: economic activity figures in nine months of 2022 'impressive'
In an interview with Civilnet.am, former head of Armenia's Central Bank Bagrat Asatryan described the economic activity figures in the first nine months of 2022 as 'impressive', noting that the growth was accelerated largely by the Russian-Ukrainian conflict making Armenia benefit from an influx of quality specialists from Russia ...
10/31/2022Ameriabank partners Gyumri Tech Week and acts as main sponsor of Cyber Security Hackathon (video)
... approaches. "In today's digital world, new security challenges arise on new platforms. Paying special attention to customer data security, we monitor daily and, by investing in ecosystems, anticipate, assess and prevent all risks," said Gnel Asatryan, Head of Ameriabank's Information Security Department, referring to the cybersecurity hackathon. Ameriabank also took part in the job fair held at the Gyumri Drama Theater. During two days the visitors of the Tech Week had an opportunity to ask ...
07/07/2022Acba Bank names winners of competition ’Development of Organic Agriculture in 2022-2023’
... goals of projects, motivations and risks. This year, with the assistance of the program, 9 small and medium-sized business entities and individual entrepreneurs will receive certifications for their products. The winners of the competition are: 1. Ani Asatryan (greenhouse industry) 2. Mkrtich Hovsepyan (beekeeping). 3. Leon Hakobyan (berry processing). 4. Hraat Simonyan (beekeeping) 5. Khoren Sukiasyan (tea and dried fruit production) 6. Haykaz Gasparyan (beekeeping) 7. Vazgen Manukyan (fertilizer ...
06/24/2022Armenian Prime Minister chairs maiden meeting of Economic Policy Council via video link
... Trustees of the Foundation for Economic Perspectives Artur Javadyan, the chairman of the Armenian Economic Union Gurgen Aslanyan, a professor of the Hebrew University of Jerusalem Yevgeny Kandel, a member of Center for European Economic Studies Zare Asatryan, a professor at US Cornell University Levon Barseghyan, a professor at Russian School of Economics Ruben Enikolopov, a professor at Barcelona School of Economics Vladimir Asriyan and Alexander Auzan, Dean of Economics Department at Moscow State ...
06/06/2022Acba bank and NABU succeed in developing organic agriculture in Armenia
... able to register tangible results. If we summarize what we have achieved in 6 years, I will say the results are satisfactory. We know that we can all succeed in this field together. We will not stop and we are ready to go on with you," said Narek Asatryan, Head of ACBA Bank's Public Relations Team. Details in the video. The bank is controlled by the Central Bank of Armenia. -0-
10/20/2021Ostrich farm founded in Masis
Armenak Asatryan, who founded an ostrich farm in Masis, moved to Armenia 4 years ago. He started the farm after studying the international experience in this area. YEREVAN, October 18, /ARKA/. Armenak Asatryan, who founded an ostrich farm in Masis, moved to ...
10/18/2021Armenian defense ministry says situation on border with Azerbaijan is calm
Armenian armed forces are in full control of the situation on the Armenian-Azerbaijani border, Colonel Samvel Asatryan, head of the information department of the Defense Ministry, told Armenpress. YEREVAN, July 19. /ARKA/. Armenian armed forces are in full control of the situation on the Armenian-Azerbaijani border, Colonel Samvel Asatryan, head of the information ...
07/19/2021Masrik-1 solar power plant in Armenia to be commissioned in 2024
The largest utility-scale solar power plant in Armenia, located in Mets Masrik community in Gegharkunik region is expected to be commissioned in 2024, Karen Asatryan, director of the Renewable Resources and Energy Efficiency Fund, an affiliation of the Ministry of Territorial Administration and Infrastructures, told a news conference on Friday. YEREVAN, May 7. /ARKA/. The largest utility-scale solar power ...
05/07/2021Onik Gasparyan to serve as chief of army's staff until the end of 8-day deadline
... it. If the body does not accept his objections, then the President signs a corresponding act or applies to the Constitutional Court. If this does not happen, then the corresponding act comes into force,' the statement posted on the Facebook of Samvel Asatryan, the head of the information department of the General Staff of the Armed Forces, says. It notes that according to Article 168 of the Constitution, the Constitutional Court is not empowered to decide on the constitutionality of the draft presidential ...
03/03/2021ECHR to apply urgent measures regarding Armenian captives in Azerbaijan
... urgent measures to protect the rights of Armenian servicemen who were captured as a result of the large-scale military actions unleashed by Azerbaijan against Artsakh on September 27," Zeynalyan said in a Facebook post. The captives are Samvel Asatryan, Arsen Karapetyan, Norik Arakelyan, Gegham Elibekyan, Vahe Abrahamyan, Hovsep Sahakyan, Samvel Kastaktsyan, Samvel Knazyan, Edik Tonoyan, Valery Hayrapetyan, Harutyun Gevorkyan, Arman Harutyunyan, Mikael Martirosyan, Ludwig Mkrtchyan, Petros ...
11/23/2020Armenia’s real GDP to decrease by 3.9% in 2020 - ACSES
... Socio-Economic Studies. 16 Experts On April 15 to 20, ACSES Analytical Center conducted an expert survey on economic indicators and evaluation of government assistance programs to counter the Covid-19, in which 16 economists took part. They are Bagrat Asatryan, Vardan Bostanjyan, Ruben Gevorgyan, Armen Yeghiazaryan, Julieta Tadevosyan, Vahagn Khachatryan, Vilen Khachatryan, Manuk Yergnyan, Tatul Manaseryan, Heghine Manasyan, Atom Margaryan, Hrant Mikaelyan, Suren Parsyan, Tigran Jrbashyan, Edward Sandoyan ...
04/28/2020Armenia's State Revenue Committee returned 162.5 billion drams as vat refunds
In 2019, Armenia's State Revenue Committee (SRC) returned 162.5 billion drams as VAT refund to economic entities, by 72.4 billion drams or 80.3% more than in 2018, Telman Asatryan, the head of the SRC tax audit department, said today. YEREVAN, February 28. /ARKA/. In 2019, Armenia's State Revenue Committee (SRC) returned 162.5 billion drams as VAT refund to economic entities, by 72.4 billion drams or 80.3% more than ...
02/28/2020Armenia's Audit Chamber reveals a string of breaches in social protection service
... three people received 4 funeral payments each 800 thousand drams (about $1.7 thousand)," the daily says. The newspaper recalls that the post of Minister of Labor and Social Affairs from the beginning of last year until May 12 was held by Artem Asatryan. After the "velvet" revolution he was replaced by Maneh Tandilyan. The head of the Social Protection Service was Hovhannes Sahakyan from the former ruling Republican Party of Armenia. He was replaced on June 15 by Arman Boshyan, who ...
12/18/2019Favorable legislation and climatic conditions lead to rapid development of solar energy in Armenia
A favorable legislation and climatic conditions of Armenia has led to a rapid development of solar energy, Karen Asatryan, the head of the Renewable Resources and Energy Saving Fund, told a news conference today. YEREVAN, November 11. /ARКА/. A favorable legislation and climatic conditions of Armenia has led to a rapid development of solar energy, Karen Asatryan,...
11/11/2019Armenia aims to improve energy saving efficiency by 2036
Armenia has made significant progress in terms of energy saving to become a leading country across the former Soviet Union, Karen Asatryan, the head of the Renewable Resources and Energy Efficiency Fund, said at a press conference on Monday. YEREVAN, November 11. /ARKA/. Armenia has made significant progress in terms of energy saving to become a leading country across the ...
11/11/2019Twenty-six deputy ministers in Armenia dismissed due to structural reorganization of government
... Industry. The Ministry of Diaspora is replaced with the Chief Commissioner for Diaspora Affairs. This is the list of the dismissed officials. David Sargsyan and Babken Ter-Grigoryan were relieved of the post of deputy ministers of the Diaspora. Kristine Asatryan, Sarkis Avagyan, Gevorg Loretsyan and Gabriel Ghazaryan were relieved of their posts as deputy sports and youth ministers. Tigran Galstyan and Nazeni Gharibyan were relieved of their posts as deputy ministers of culture. Vardan Gevorgyan and ...
05/31/2019Pashinyan appoints three deputy justice ministers
... Pashinyan signed yesterday decisions on the appointment of three deputy ministers of justice. YEREVAN, April 5. /ARKA/. Armenian Prime Minister Nikol Pashinyan signed yesterday decisions on the appointment of three deputy ministers of justice. Artak Asatryan was appointed as First Deputy Minister of Justice, and Tigran Khachikyan and Anna Vardapetyan as Deputy Ministers. Earlier, on March 22, Nikol Pashinyan dismissed as deputy justice ministers Suren Krmoyan and Artur Hovhannisyan. Later, on March ...
04/05/2019Ex-head of central bank describes economic figures as positive
Armenia’s economic growth of about 6% this year is within the expected band and is quite positive, the ex-head of the Central Bank Bagrat Asatryan told reporters today. YEREVAN, December 21, /ARKA/. Armenia’s economic growth of about 6% this year is within the expected band and is quite positive, the ex-head of the Central Bank Bagrat Asatryan told reporters today. Speaking at a news ...
12/21/2018Political uncertainty harms economy, former head of Armenian central bank says
There are many factors that cause economic slowdown, but political uncertainty is decisive, a former head of the Central Bank of Armenia Bagrat Asatryan told a news conference today. YEREVAN, October 30 /ARKA/. There are many factors that cause economic slowdown, but political uncertainty is decisive, a former head of the Central Bank of Armenia Bagrat Asatryan told a news conference today....
10/30/2018Unibank donates computer classes to schools in border villages
... paraphernalia. There was another surprise for the pupils: the representatives of Unibank held short quiz and two winner schoolchildren were given laptops. "We are grateful to Unibank for assistance in organizing the educational process," said Arevik Asatryan, director of the Berdavan secondary school. ‘It is hardly a secret for anyone that frontier schools are short of finance. It is very difficult for us to acquire modern devices. Our children should keep up to date and learn using the latest ...
09/03/2018Notorious General Manvel detained in Echmiadzin
YEREVAN, June 18. /ARKA/. General Manvel Grigoryan, who is also a member of the Armenian National Assembly; Arthur Asatryan, a criminal lord known under Don Pipo alias, and four others, who are Russian citizens, were taken Saturday into law enforcement forces’ custody. The national security service officers searched the territories belonging to Manvel Grigoryan ...
06/18/2018Nikol Pashinyan dismisses and appoints government members
... decrees appointing Tigran Arzumanyan as deputy minister of energy infrastructures and natural resources and Hamlet Hayrapetyan as deputy governor of Kotayk region. Besides, Artur Hovhannisyan was appointed first deputy minister of justice, while Artak Asatryan, Suren Krmoyan and Vigen Kocharyan as deputy ministers of justice. -0-
06/08/2018Former chief of central bank speaks against postponement of funded pension system
A former head of Armenia’s Central Bank Bagrat Asatryan disagreed today with the decision of Labor and Social Affairs Minister Mane Tandilyan to postpone the introduction of mandatory funded pension system for the private sector, saying that the delay could have negative consequences. YEREVAN,...
05/30/2018Bagrat Asatryan: Armenia’s financial system is stable and new authorities should preserve it
What economic reforms the new cabinet ministers should implement? Is there any prospect of changes in taxation? With what indicators Armenia will end the year? Bagrat Asatryan, former head of the Central Bank of Armenia, has answered these and other questions in an interview with ARKA News Agency. YEREVAN, May 14. /ARKA/. What economic reforms the new cabinet ministers should implement? Is there any prospect ...
05/14/2018Pashinyan’s government to be provisional, but it should carry out substantial reforms in Armenia
The government of Armenian Prime Minister Nikol Pashinyan will be provisional, but it must run substantial reforms in the country, Bagrat Asatryan, former head of the Central Bank of Armenia told journalists on Thursday. YEREVAN, May 10. /ARKA/. The government of Armenian Prime Minister Nikol Pashinyan will be provisional, but it must run substantial reforms in the country, Bagrat ...
05/10/2018Armenian president reappoints cabinet ministers
... reappointing Levon Altunyan as minister of health, Artsvik Minasyan as minister of nature protection, Vahan Martiorsyan as minister of transport, communications and information technology, Levon Mkrtchyan as minister of education and science, Artem Asatryan as minister of labor and social affairs, Hranush Hakobyan as minister of Diaspora, Ashot Manukyan as minister of energy infrastructure and natural resources and Hrachya Rostomyan as minister of sports and youth affairs. Earlier the president ...
04/23/2018Commodities obviously overpriced in Armenia – former central bank head
Increase in commodity prices in Armenia is artificial and not caused by the change of the excise tax rate, Bagrat Asatryan, former head of the Central Bank of Armenia, told Zhamanak (Time). YEREVAN, January 10. /ARKA/. Increase in commodity prices in Armenia is artificial and not caused by the change of the excise tax rate, Bagrat Asatryan, former head of the ...
01/10/2018Next year to be challenging for Armenian economy
The next year will be challenging for Armenia’s economy, Bagrat Asatryan, former head of the Central Bank of Armenia, said in an interview with Zhamanak (Time) Newspaper. YEREVAN, December 26. /ARKA/. The next year will be challenging for Armenia’s economy, Bagrat Asatryan, former head of the Central Bank ...
12/26/2017World Bank Group launches new advisory project in Armenia to support women and help reduce poverty
... of women and provides a vital source of income for many of Armenia’s poorest citizens, especially in remote areas. However, its productivity is hampered by challenges including a poorly developed value chain, with low turnover and profits. Lilit Asatryan, Chairwoman of the Armenian Young Women’s Association, is quoted in the press release as saying that developing the wild harvesting sector’s value chain has real potential to improve the lives of many in Armenia’s remote areas. “For ...
12/22/2017Armenian government to pay nannies
... reading by Armenian parliament, provide for the possibility of showing state support to those young mothers, who would like to hire a nanny to take care of their child less than two years of age. According to labor and social affairs minister Artem Asatryan, young mothers who are on parental leave for children under the age of 2, may go back to work and get state support. "The government is ready to pay 50% of the salary of a nanny, but this amount should not exceed the minimum wage in the ...
11/15/2017Minister explaining draft law on government-paid baby-sitter
Working moms in Armenia will no longer receive an AMD 18,000 maternity allowance, Haykakan Zhamanak (Armenian Times) reports referring to Artem Asatryan, labor and social affairs minister. YEREVAN, November 8. /ARKA/. Working moms in Armenia will no longer receive an AMD 18,000 maternity allowance, Haykakan Zhamanak (Armenian Times) reports referring to Artem Asatryan, labor and social ...
11/08/2017Growing foreign debt is a major challenge for Armenian economy, former head of central bank says
Armenia’s growing foreign debt is a major challenge for the economy, former head of the Central Bank Bagrat Asatryan told reporters on Tuesday. YEREVAN, November 7. /ARKA/. Armenia’s growing foreign debt is a major challenge for the economy, former head of the Central Bank Bagrat Asatryan told reporters on Tuesday. "Over the past 10 years, our foreign ...
11/07/2017Ex governor of central bank blames increased military budget on complicated situation on border with Azerbaijan
... Central Bank has blamed today the complicated military and political situation on the Armenian-Azerbaijani border for Armenian government’s decision to raise the military spending for next year by 34 billion drams. Speaking to a news conference Bagrat Asatryan said the draft budget for 2018 earmarks 246 billion drams as military budget, which is 34 billion drams more than the amount allocated for the military in 2017. According to him, the defense spending in 2018 will amount to 1.5% of the projected ...
11/07/2017Contributory superannuation system in Armenia to add 0.5 to 1.1 percent to economic growth
... also spur the country’s economy. Aramyan said that interest rates on the loans provided under long-term programs are high, since money is deposited at banks for short terms – from 180 days to 1.5 years and there is demand for long money. Artem Asatryan, labor and social affairs minister, on his side, said that the number of participants of the defined contribution pension system is expected to rise by 50,000 on July 1, 2018 when the decision to introduce the new system will come into force....
11/06/2017Oligarchy and monopolies block flow of investments- ex-governor of central bank says
The Armenian economy is dominated by the oligarchy and monopolies, making competition and attraction of fresh investment impossible, according to ex-chairman of the Central Bank Bagrat Asatryan. YEREVAN, September 12. /ARKA/. The Armenian economy is dominated by the oligarchy and monopolies, making competition and attraction of fresh investment impossible, according to ex-chairman of the Central Bank Bagrat Asatryan. Speaking at ...
09/12/2017All cabinet ministers already known in Armenia
... president, completed formation of a new cabinet on Wednesday by appointing Levon Mkrtchyan as education and science minister, Artsvik Minasyan as nature protection minister, David Lokyan as territorial administration and development minister and Artem Asatryan as labor and social affairs minister, the presidential press office reports. YEREVAN, June 1. /ARKA/. Serzh Sargsyan, Armenian president, completed formation of a new cabinet on Wednesday by appointing Levon Mkrtchyan as education and ...
06/01/2017Sharp increase of cash turnover in Armenia due to electoral fraudulence – former central bank head
Bagrat Asatryan, former head of the Central Bank of Armenia, says the recent sharp increase of the country’s cash turnover in was due to electoral processes. YEREVAN, May 25. /ARKA/. Bagrat Asatryan, former head of the Central Bank of Armenia, says the ...
05/25/2017Armenia’s population will increase to 4 million by 2040 only if 50,000 ethnic Armenians immigrate back to their homeland annually
Armenia’s population will increase to 4 million by 2040 only if 50,000 ethnic Armenians immigrate back to their homeland annually, a former chairman of the Central Bank Bagrat Asatryan, told journalists on Wednesday, in comments on an earlier statement by president Serzh Sargsyan. YEREVAN, May 24. /ARKA/. Armenia’s population will increase to 4 million by 2040 only if 50,000 ethnic Armenians immigrate back to their homeland ...
05/24/2017GDP growth in Armenia not enough for economic development
Armenia’s GDP growth trend is positive, but not enough for economic advancement, former head of the Central Bank Bagrat Asatryan told a news conference on Wednesday. YEREVAN, May 24. /ARKA/. Armenia’s GDP growth trend is positive, but not enough for economic advancement, former head of the Central Bank Bagrat Asatryan told a news conference on Wednesday. According ...
05/24/2017Armenia’s Nairit being pulled to pieces - newspaper
Karen Asatryan, Nairit bankruptcy procedure manager, has set the chemical plant’s property for an auction, 168 Zham reported on Tuesday. YEREVAN, May 23. /ARKA/. Karen Asatryan, Nairit bankruptcy procedure manager, has set the chemical plant’s property ...
05/23/2017Concert of young and talented musicians held in Yerevan with support of Unibank
... Polina Sharafyan (violin), Andrey Kurbet (piano) and Khachik Andreasyan (pianoforte). The musicians performed together with the State Youth Orchestra of Armenia (art director and chief conductor Sergey Smbatyan). The conductor at the concert was Ruben Asatryan. The program designed to help young and talented musicians in Armenia and Nagorno-Karabakh, was launched in 2013. Its objective is to reveal young and talented musicians aged 11-20 to help them improve their skills so that they can present Armenian ...
03/07/2017About 20,000 large Armenian families to continue using family capital for another year
... family capital for another year. YEREVAN March 2. /ARKA/. The Armenian government has approved today a decision allowing about 20 thousand large families to use the so-called family capital for another year. Labor and social affairs minister Artem Asatryan recalled that the family capital is given to large families with three and more children. It can be used to pay off a mortgage, school fees, and subsidized agricultural loans. Residents of remote and border communities can use the money to buy ...
03/02/2017Concert by young musicians to be held in Yerevan with support of Unibank
... Tchaikovsky, Grieg, Alexander Harutyunyan, Liszt and Rachmaninoff. They are Anna Atayan (piano), Andranik Aghajanyan (cello), Artur Grigoryan (piano), Polina Sharafyan (violin), Andrei Kurbet (piano) and Khachik Andreasyan (piano). The conductor is Ruben Asatryan. Each participant of a gala concert held in December 2016 as part of this program was welcomed enthusiastically and warmly by the audience. The young musicians are winners of several international and national competitions and festivals. Anna ...
02/22/2017Armenian social affairs ministry introduces new instant servicing system
The new system introduced by the social service of Armenia allows providing requested information sheets for formalizing pensions and benefits just in 15 minutes, Artem Asatryan, labor and social affairs minister, told journalists on Wednesday. YEREVAN, February 1. /ARKA/. The new system introduced by the social service of Armenia allows providing requested information sheets for formalizing pensions and benefits ...
02/01/2017Armenia needs 7-10% annual growth to secure sustainable economic expansion
To ensure a sustainable economic growth Armenia needs an annual economic expansion of at least 7-10%, a former chairman of Armenia’s Central Bank, Bagrat Asatryan, told a news conference today. YEREVAN, January 30. /ARKA/. To ensure a sustainable economic growth Armenia needs an annual economic expansion of at least 7-10%, a former chairman of Armenia’s Central Bank, Bagrat Asatryan, told a news ...
01/30/2017Armenian premier orders scrutiny for social affairs ministry
... (People) reported on Thursday. YEREVAN, January 26. /ARKA/. Karen Karapetyan, Armenian prime minister, instructed appropriate agencies to scrutinize the labor and social affairs ministry’s activity, Zhoghovurd (People) reported on Thursday. Artem Asatryan, a member of the ruling Republican Party of Armenia, has been working as labor and social affairs minister since 2012. Over five years of his staying in office, corruption scandals have periodically broken in the ministry – the persons involved ...
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