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Ameriabank presents MyBusiness.am online platform at Real Business Conference
... ordered through our platform, 62% of online banking is activated through the platform, 70% of lending is done through it - these are very impressive figures,’ she said. Harutyunyan noted that Ameriabank uses online scoring mechanisms with the use of machine learning in order not to burden clients with unnecessary paperwork, which allows making a decision on loan issuance in an online format. About Ameriabank Ameriabank is a leading financial and technological institution and plays an important role ...
10/19/2024Acba Bank presented its AI achievements at AI Conf conference (VIDEO)
... partnership with Acba Bank, during which the industry representatives discussed a set of issues related to the introduction of artificial intelligence in financial-banking, business and education, the bank's press service reports. Acba Bank's AI and machine learning specialist Mher Movsisyan was one of the speakers at the conference organized by Krisp. He presented solutions to various problems in the bank using machine learning and artificial intelligence. “With the introduction of the document ...
10/14/2024Top 5 areas for investment in 2024
... electronics, internet services, etc. The blockchain sector is of great relevance. Blockchain is a technology for storing, verifying and exchanging data over decentralised networks. A significant area is robotics: 3D modelling, sensors, 5G, cloud computing and machine vision (a method that allows equipment to see the manufacturing process, perform analysis and make decisions). One of the newest trends is quantum computing. This is solving problems using atoms, molecules and other structures, enabling the synthesis ...
07/25/2024Armenia's manufacturing sector grows by 33.7% in first five months of 2024
... 10,045.8 million. Other smaller segments included: Chemical products: 0.8% share, 12% decrease, AMD 7,022.5 million. Furniture: 0.8% share, 40.1% increase, AMD 6,674.6 million. Pharmaceutical products: 0.6% share, 5.3% increase, AMD 5,024.1 million. Machinery and equipment: 0.6% share, 24% decrease, AMD 4,695.6 million. Machine repair and installation: 0.4% share, 35.7% decrease, AMD 3,396.7 million. Computers and electronics: 0.3% share, 10.8% decrease, AMD 2,609.4 million. Textiles: 0.2% share,...
07/10/2024Armenia elaborates strategy of scientific and technology development
... technological sector, and the goal is to develop and implement the mechanism of policy coordination and interconnected development of education, applied science and high-tech industry. The strategy consists of 5 directions: artificial intelligence and machine learning, microelectronics, advanced robotics, quantum technologies, as well as bio-technologies and sciences, which include both educational, scientific and industrial components. Working groups will be set up within the executive body to promote ...
03/04/2024Armenian Prime Minister emphasizes raising discipline in the army and elimination of non-statutory relations
... of the year, the organization of conscription of women aged 18-27,. On Tuesday, two officers of the Armed Forces were found dead at their combat posts. According to the Defense Ministry, contract serviceman Karen Karapetyan was fatally wounded with a machine gun. An enlisted serviceman was detained on suspicion of murder. On the same day, the body of Senior Lieutenant Mikayel Danielyan with a gunshot wound was found at the firing position. Criminal cases are underway to clarify the details of both ...
01/10/2024Top 5 events in Armenia's financial market in 2023
... Ukraine". 5) In March 2023, deep-tech startup of Armenian origin called Denovo Sciences raised another round of funding. The company researches and develops new therapeutic drugs using state-of-the-art artificial intelligence technology. The company's machine learning algorithms use computational modeling for directed search of chemical space, drug design and creation of polypharmacological molecules. The company's activities attracted a major Silicon Valley venture capital investor, Triple S Ventures,...
12/20/2023Flexopack: from zero to international market (video)
... printing on artificial films. Based on it, the printing house later acquired new equipment for production of all kinds of food packaging. The printing house has been enlarged with various printing equipment as well as with the latest flexo printing machine, thanks to which the printing house does not only multicolor flexo printing but also post-publishing work. The company does the entire work - from design development to printing, including mold making, vacuum, sealed bags and labels. Materials ...
11/13/2023G-Coder company exempted from 98 million drams of import duty in return for 2.5 bln dram investment
The government of Armenia has decided today to exempt the G-Coder company from paying part of import duties in return for investing 2.5 billion drams in the creation of a modern machine-tool center in the capital city Yerevan for manufacturing ultra-precise and universal products using imported equipment. YEREVAN, November 9. /ARKA/. The government of Armenia has decided today to exempt the G-Coder company from paying part ...
11/09/2023Armenian Kilikia beer is competitive in the world market (video)
... Arayik Ghazaryan, head of production at Kilikia Brewery and chief technologist. "In order to keep up with the market we upgrade our equipment and get quality products. As a result of cooperation with Acba Leasing, we have acquired a Czech bottling machine with a capacity of 15,000 bottles per hour. This equipment works on exported products. Barrel washing machine was also purchased in cooperation with Acba Leasing, which is a great help in terms of time and quality," said Hayk Torosyan, Chief ...
10/25/2023Nagorno-Karabakh Defense Ministry reports continued shelling of Azerbaijani forces along the line of contact
... reported. "The Azerbaijani armed forces are also making attempts of positional advancement. The Defense Army of the Republic of Artsakh (Nagorno-Karabakh) is taking defensive measures," the ministry said, adding that the Azerbaijani propaganda machine is using large-scale information and psychological measures of pressure. "We call on Armenian media and Facebook users not to publish unspecified information and follow only official sources," the Artsakh Defense Ministry said in a statement....
09/19/2023Five Armenian producers awarded customs duty exemptions by government
... constructions plans to invest about AMD 797 million, the customs duty benefit is AMD 53 million. The company will create 40 new jobs with an average monthly salary of 200-250 thousand drams. ASCE GROUP has planned to invest 1 billion drams in the purchase of machine tools for the production of steel reinforcement and steel grinding balls. The customs duty exemption will amount to 95.5 million drams. The company will create 93 new jobs with an average monthly salary of up to 360 thousand drams. ($1 - 386.04 ...
09/14/2023Yerevan refutes Azerbaijan’s lies about concentrating weapons, equipment and personnel in Sotk
Armenian Defense Ministry has denied today Azerbaijani propaganda machine’s fake news alleging that Armenian armed forces are concentrating a large number of weapons, military equipment and personnel in Sotq region. YEREVAN, September 1. /ARKA/. Armenian Defense Ministry has denied today Azerbaijani propaganda ...
09/01/2023Armenian Defense Minister orders subordinates to take “urgent” measures to tackle poor army discipline
... service leading to undesirable consequences and accidents and eliminate the ‘vicious patterns’. On July 26, the body of serviceman Murad Grigoryan was found near a dugout at a combat position of a military unit with a gunshot wound in the head. A machine gun attached to him was found on the ground next to him. The investigation found out that Murad Grigoryan was shot and killed by a fellow serviceman following an altercation. On August 10, serviceman Zhora Karapetyan received a gunshot wound incompatible ...
08/30/2023SRC imposes 217.1 million dram fines on taxpayers for breach of rules of using cash register machines
In July 2023, Armenia's State Revenue Committee (SRC) tracked down 774 corporate taxpayers, which violated the rules of using cash register machines. YEREVAN, August 16. /ARKA/. In July 2023, Armenia's State Revenue Committee (SRC) tracked down 774 corporate taxpayers, which violated the rules of using cash register machines. "As a result of the supervisory measures, the taxpayers ...
08/16/2023Ameriabank Wins in 3 Nominations of Global Finance World’s Best Digital Bank Awards 2023
... customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality, as well as relative strength and success of web products and services. “With artificial intelligence and machine learning rapidly advancing, the standards for the best digital offerings are constantly evolving,” said Joseph Giarraputo, founder and editorial director of Global Finance. “Global Finance’s Best Digital Bank awards honor those financial ...
08/15/2023Armenian Foreign Ministry warns civilized world about looming humanitarian disaster in Nagorno-Karabakh
... able to reach Armenia through the ICRC to receive urgent medical care. They and their accompanying persons were subjected to humiliating procedures and degrading treatment, having been filmed and subsequently exploited by the Azerbaijani propaganda machine as a tool to falsely depict an unhindered movement of people through the Lachin corridor. It is unfortunate that during these months, the international community and international humanitarian organizations have been unable to gain humanitarian ...
07/12/2023Azerbaijan needs negotiations only to get occasions for escalation - Armenian Prime Minister
... quickly resolved through available communications channels for the exchange and clarification of information,’ Pashinyan said. He said that did not happen the previous day for a simple reason: there were no incidents, and the Azerbaijani disinformation machine invented the news retroactively to aggravate the situation. Today, from 6:00 to approximately 10:00 Azerbaijani armed forces used mortars and artillery to fight on Armenian positions in the area of Sotk. Four soldiers from the Armenian side were ...
05/11/2023Researchers from Armenia and Germany will study Armenian wild grape genome
... of researchers from Armenia and Germany will study the genome of wild Armenian grape varieties as part of ADVANCE bioinformatics grant program. The team includes six local and two foreign scientists and students. The research project aims to create machine-learning-based bioinformatics methods for studying plant genomics. The team's discoveries can be applied to viticulture and winemaking in Armenia. Leipzig University professor and head of the research team Hans Binder said at a Friday press conference ...
05/05/2023Yerevan and Minsk single out cooperation in agriculture, machine-building and other industries
Armenian Deputy Prime Minister Mher Grigoryan met Monday with a Belarussian delegation, led by Deputy Prime Minister Petr Parkhomchik, the press service of the Armenian government reported. YEREVAN, March 20. /ARKA/. Armenian Deputy Prime Minister Mher Grigoryan met Monday with a Belarussian delegation, led by Deputy Prime Minister Petr Parkhomchik, the press service of the Armenian government reported. It said during the meeting the sides discussed an array of issues related to cooperation between...
03/20/2023Armenia and Nagorno-Karabakh human rights defenders unveil updated report on consequences of Lachin road blockade by Azerbaijan
... have published an unscheduled updated report on the humanitarian consequences of the 16-day blockade of the Lachin corridor by Azerbaijan. According to the Armenian Human Rights Defender's Office, the reports notes that Azerbaijani state propaganda machine continues to use methods of xenophobia and incitement of ethnic hatred against Artsakh Armenians on ostensibly environmental grounds.. The report has updated facts about the participants of the fake environmental protest blocking the Lachin corridor....
12/27/2022Armenian and Artsakh human rights defenders point out presence of Azerbaijani special services officers among those who block Lachin corridor
... Representatives of "non-governmental organizations" working exclusively at the expense of state funding make up the majority of the ‘activists," the human rights defenders say. The statement also says that every day the state propaganda machine, through the Azerbaijani press and social media, incites anger and hatred of Azerbaijani society towards the Russian peacekeeping contingent. The statement notes that the analysis of all facts gives a full picture of the goals of the state policy ...
12/14/2022Gagik Makaryan on problems of investors in Armenia and peculiarities of local labor market
... construction. So, if the situation abroad worsens and these specialists want to come to Armenia, it will have a significant impact on the labor market. We have a shortage of welders, electricians, flow line operators, plasterers, plumbers, milling machine operators. And this leads to artificial delays and slows down the economy. For example, in construction, you have to wait until a crew is available, because it is difficult to find another one. In addition, labor costs increase, because those ...
11/22/2022AI, figital and banking ecosystems - FINTECH360 international conference was held in Yerevan
... manager of Armbrok, shared his vision of the topic: he prepared a report titled "Portfolio Investments for Private Individuals: Time for Change.' Svetlana Markova, chief consultant at ENFINT, spoke at the conference about the practice of implementing machine learning models in banks - from a pilot project to the creation of an industrial platform. Sofia Donets, chief economist for Russia and the CIS at Renaissance Capital, delivered a report titled "The Global Flood and the Armenian Ark of Economic ...
11/10/2022Armenia’s SRC foils attempt to smuggle in 25 tons of machine oil
Armenia’s State Revenues Committee (SRC) said today its customs officers thwarted an attempt to smuggle into the country a large consignment of machine oil through the Agarak checkpoint in the south of the country on the border with Iran. YEREVAN, November 4. /ARKA/. Armenia’s State Revenues Committee (SRC) said today its customs officers thwarted an attempt to smuggle into the country ...
11/04/2022Ameriabank: At the Vanguard of Armenia's Banking Sector
... comprehensive digital ecosystem - first in its kind in the market – that is a one-stop shop for banking and non-banking services, covering the car market, housing market, e-commerce as well as unique ecosystem for SMEs with options of online onboarding, machine learning based loan underwriting. - The global economic outlook is challenging. What are some of the main risks and economic challenges you see for your bank over the next 12 months? - While Armenia is having a very solid year in terms of economic ...
11/01/2022Ameria Business digital platform expands with new online business registration service (photos)
... self-service; as of August, 2022 some 45% of sales for all services were digital, and 73% of retail business loans are now approved online. Ameria Business platform. Ameria Business comprehensive platform was launched in 2018. It includes scoring and machine learning-based online lending services, SME Tablet, account opening, free online/mobile banking, business cards and several other services. The platform has had a positive impact on retail customer performance. "Our main goal is for the entrepreneur ...
10/27/2022Armenia is set to start using artificial intelligence for social protection
... was presented today in Yerevan. The project is implemented by the Armenian Ministry of Labor and Social Affairs in cooperation with the Nork Technology Center, with financing from the Asian Development Bank (ADB). The aim of the project is to consider machine learning models, their application in creating mechanisms for organizing social work, identifying new layers of vulnerable groups and providing them with more targeted support. Speaking to ARKA correspondent, Anahit Parzyan, CEO of the Nork Center,...
10/26/2022Armenian SRC says there were no violations during customs clearance of truck that exploded on Crimean bridge
... were carried out in a proper and legal manner, no risk factor was detected during physical and X-ray examination on entry and exit from Armenia. We have copies of all the documents confirming the aforementioned facts, as well as pictures of the X-ray machine and the video-surveillance cameras in the customs control zones," the Armenian State Customs Committee said. The Russian Federal Security Service (FSB) reported earlier the detention of a citizen of Armenia, as well as citizens of Georgia,...
10/12/2022Technology created by Armenian startup Revalcon conquers global markets (video)
... reported. The system is controlled remotely: the service monitors the operation of pumps and valves, collects information from the fields. Using weather and humidity data, users can adjust the irrigation schedule. In addition, the technology provides inter-machine interaction at a distance of up to 15 km with minimal energy consumption. The irrigation system of an almond orchard in Garni is controlled by technology created by Revalcon. Previously, water for irrigation of the orchard was a problem; things ...
10/10/2022Azerbaijani shelling damages two houses in Artsakh villages- human rights defender
... All four members of the house, including one minor, were in the house and woke up to the gunshots. "In another case, a bullet fired hit a shed adjacent to the house. Azerbaijani shelling hit one house in Taghavard community and a large caliber machine gun bullet was found in the yard of a neighboring house," Stepanyan wrote. "These actions are one more proof of Azerbaijan's criminal behavior against the life, physical and psychological integrity of the people of Artsakh, the policy ...
09/12/2022Stepan Gishyan charity helps create jobs for children with special needs (video)
... center also offers therapeutic and recreational activities. The social initiative Hand in Hand of the Step Forward NGO is one of the winners of the annual grant program of the Stepan Gishyan Charitable Foundation, which provided funds for purchase of a machine for the production of cardboard cups. Branded cups can be ordered by anyone, from individuals to organizations. "The production process is a chain of repetitive actions, which create an ideal environment for these teenagers to work independently ...
07/07/2022Armenian government adopts public administration reform strategy
... The fourth direction is about strategic approaches in planning a political vector. Deputy Prime Minister Mher Grigoryan will be responsible for the implementation of the strategy. Prime Minister Nikol Pashinyan added that the reform concerns the state machine. "We know that there are missing parts, there are also obsolete parts," he said. Mher Grigoryan, in turn, noted that this document will play an important role in the context of the fight against corruption. --0-
05/13/2022Production of exclusive fruit dryer machines launched in Armenia
An innovative portable fruit dryer machine equipped with solar air and water heating, a heat pump and other modern technologies has been produced in Armenia, creating new opportunities in the field of dried fruit production, Acba bank said today in a press release. YEREVAN, December ...
12/09/2021Made in Armenia: Agata’s products selling already abroad (video)
Along with new up to date equipment, Soviet-made machinery and equipment received a second life. Two generations of machines - new and old - work side by side with updated features. YEREVAN, November 5. /ARKA/. Along with new up to date equipment, Soviet-made machinery and equipment received a second ...
11/05/2021Armenian human rights defender reiterates his idea of creating security zone in Syunik
... objective reason, a civilian car with Armenian license plate stops on that section, for example, due to a malfunction of the car or if a passenger feels unwell. According to him, as soon as their car stopped, an Azerbaijani serviceman immediately grabbed a machine gun and pointed it in their direction. The photo attached to the post shows a section of the road between the villages of Shurnukh in Goris and David Bek in Kapan districts, indicating the location of the Azerbaijani military. On another section ...
08/23/2021Ameriabank Launches Erebuni Branch
... during the first year - One payment card each for 2 managers of the company without service fee for the first year - Business card with no service fee for the first year Erebuni branch is complete with online and offline banking facilities: cash in/out machine, payment terminal, friendly staff and a warm and inviting atmosphere. The branch will be delivering all products and services available on the product list of Ameriabank. Starting September Erebuni branch will shift to long work hours: Mon-Sun ...
08/02/2021Human rights defender: Azerbaijani troops in Shushi fire at Stepanakert
... statement on ending hostilities in the Nagorno-Karabakh conflict zone, signed by the leaders of Armenia, Azerbaijan and Russia last November 10, Artsakh human rights defender Gegham Stepanyan said in a Facebook post. He said the Azerbaijanis used their machine guns to fire shots in the direction of Artsakh capital Stepanakert. Stepanyan said employees of his office visited the Armenavan quarter of Stepanakert and were told by the local residents that at about 5:00 pm they heard 4-5 automatic rounds....
07/16/2021Armenian high-ranking army officer accused of high treason
... Armenia - more than 200 tank helmets with headphones, which were sold to a foreign citizen for almost 7.47 million drams (about $14.3 thousand). In addition, he was illegally engaged in the acquisition, transportation and illegal storage of sniper rifles, machine guns, pistols, grenade launcher, cartridges and other weapons. According to the NSS, the high-ranking officer was charged and arrested. The criminal case was referred to the prosecutor's office with an indictment for approval and further referral ...
05/12/2021Six Armenian servicemen hand over weapons and ammunition illegally brought from Artsakh
... 44-day war that was unleashed by Azerbaijan against Artsakh from September 27 to November 9, 2020. Overall, the servicemen were said to have handed over 3 assault rifles AK-74, 1 sniper rifle, as well as 1,925 pieces of ammunition for AK-74 and RPK-74 machine guns, 1 hand grenade, three bayonet-knives and other types of ammunition. The NSS called on all who participated in the war to hand over weapons, explosives or devices that were illegally brought to Armenia during the hostilities or after the ...
04/12/2021Armenian prosecutors launch 95 criminal cases into illegal acquisition, theft and transportation of arms to Armenia from Nagorno-Karabakh
... explosive devices were acquired in various defensive positions of Artsakh, were used or were intended to be used in hostilities against the enemy during the war, according to the prosecutors. The seized arms comprise AK-74, AKM, AK-SU and other types of machine guns, pistols, bayonet knives, firearms with optical devices, anti-tank grenade launchers with optical devices, boxes with cartridges of various calibers, fuses, grenades, electric detonators, signal flares, projectiles intended for rocket launchers....
03/31/2021Swedish Evolution to open Armenian studio
... global leader in innovative software solutions for online games, employing over 10,000 workers (EVOlutioneers) of over 80 nationalities in over 20 locations. Evolution develops, manufactures, markets and licenses fully integrated B2B live casino and slot machine solutions for gaming operators. The company was founded in 2006 and has been listed on the Nasdaq Nordic since 2015. -0-
03/23/2021Armenian defense ministry announces competition for development of hi-tech solutions by conscripts
... two-year compulsory military service. It said conscripts who are subject to the winter draft can take part in the competition for having their service in the Artificial Intelligence Group of the "1991" unit in one of the following specialties: machine learning, data architecture and data analysis and statistics. Conscripts wishing to take part in the competition can register on the 1991.mil.am website or contact the appropriate territorial subdivision of the Military Draft and Mobilization ...
02/08/2021Azerbaijan's plans to destroy Artsakh failed, Artsakh foreign minister says (video)
... become fateful, especially from high-ranking officials, since this can lead to unpredictable consequences: we are dealing with a very prepared enemy in the person of Azerbaijan and Turkey," Babayan said. According to him, the enemy has created a machine that monitors all words, even commas, reacting to any word: in fact, any word or action now can lead to serious consequences. “Now there should be two main factors - professionalism and patriotism, which will allow us to get out of the current ...
01/13/202116 people detained for illegal transportation of weapons from Artsakh to Armenia
... weapons, ammunition, explosives and devices to Armenia, voluntarily hand them over to law enforcement agencies, so that, according to the law, this would serve as a basis for releasing them from criminal liability. It is noted that in these cases, 4 machine guns, anti-tank grenade launchers with optical devices, 12 AK74, AKM, AK-SU and others, 13 mechanical fuses, 14 RGD grenades and electrical detonation devices were found and seized. It also turned out that weapons, ammunition, explosives or devices ...
12/25/2020Armenian foreign minister about murder of civilians by Azerbaijan: this is an indicator of depth of barbarism
... barbarism against which the struggle is now being waged. The day before, a video appeared in the network, in which the Azerbaijani military captured two Armenian men, treated them roughly, then wrapped them in Armenian flags and shot them with a burst of machine guns. “This is not news and this is not the first time. [This] shows again that we are fighting for the existence of our compatriots, and nothing will hold us back. It will be our business to show the international community the depth of the ...
10/16/2020Situation along entire frontline is under full control of Artsakh Defense Army
... Shuka. “The Azerbaijani media are spreading information that artillery strikes have been inflicted on allegedly retreating units of the Defense Army in the direction of Karmir Shuka, as a result of which there are serious losses. The Azeri propaganda machine, as usual, distorts reality, trying at any cost to prove the unfounded statement of Aliyev about the seizure of Hadrut," the Artsakh defense ministry says on its Facebook page. The units of the Defense Army along the entire length of the ...
10/12/2020Ucom is not considering yet introduction of 5G technology
... introduction of the 5G, since the testing stages are not yet completed across the world. Khachatryan believes that Armenia's infrastructure will not even be able to use all the advantages that 5G technology will provide - such as artificial intelligence, machine learning, robotics, and industry 4.0 products. “We have certain products, companies, industrial development, but new technologies will not give the huge results that are expected of them. Moreover, there are still many questions, namely, whether ...
09/07/2020Artsakh defense ministry calls Azerbaijani side’s report misinformation
... Defense Army. The Artsakh defense ministry says in its statement that the official propaganda of Azerbaijan, remaining stuck to its policy based on lies and falsification, issued today an allegation that the servicemen of the Defense Army opened fire from machine guns and sniper weapons in the direction of the village of Khapanli in the Terter region. "The Artsakh defense minister states that this message is another misinformation from the Azerbaijani side. More than that - the civilian population ...
08/26/2020Public-private sector partnership-based investment programs discussed by government
... Minister Nikol Pashinyan held Wednesday a consultative meeting to discuss the possibility of implementing public-private sector partnership-based investment programs, the press office of the government reports. According to the press office, specific machine-building and services-related projects were presented at the meeting, which implied several hundred new jobs in the aforementioned areas. The implementation mechanisms were discussed in detail during the exchange of views that followed. . Highlighting ...
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