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Armenia and EU note progress in partnership based on shared values
... and to facilitate large-scale investments in connectivity and business development within the framework of the EU Global Gateway initiative, in line with the Crossroads of the World initiative. The Committee reviewed developments in the areas of the rule of law, justice system reform, law enforcement, human rights and the fight against corruption in Armenia. The EU appreciated Armenia’s commitment to democracy, the rule of law and human rights, noting the tangible progress achieved in these areas....
07/09/2025Risks of investor outflow and damage to economy – experts on nationalization of Electric Networks of Armenia
... “backbone” of the country’s economy and scare away domestic and foreign investors. According to his estimates, with such decisions the government stimulates not the inflow, but the outflow of foreign investment. “The thing is that stability and precise rules of the game are very important for a foreign investor. There is no clear explanation for all this, the only explanation is populist statements that everything should be national. If so, then close the economy, the market, return the Soviet economy,...
07/04/2025Kallas told Pashinyan about the EU's readiness to help strengthen Armenia's resilience
... commitment of the Armenian government to strengthening democracy and peace. During the meeting, issues related to the agenda of Armenia-EU relations, strengthening democratic institutions, and opportunities for deepening cooperation in the field of rule of law and governance reforms were discussed. An exchange of views took place on the process of visa liberalization. The parties emphasized that significant progress has been recorded in this direction recently. The interlocutors touched upon the ...
06/30/2025Tigran Jrbashyan: Armenian women are more effective in business than men
... should mainly spend still prevails. But according to the research results, it is obvious that women are usually more effective in business. This is the 'other side of the coin' of the patriarchal family," Jrbashyan said. He explained that, as a rule, it is women in Armenia who manage the family budget. This leads to the fact that they are also much more effective in terms of spending than men. He said that because women have less responsibility for providing for their families, they make riskier ...
06/30/2025"Global Entrepreneurship Report": Armenia ranks first in "Eastern Europe+" group
... trend," Jrbashyan said. Problems of Armenian business At the same time, he noted problems, especially in terms of gender participation. "According to this indicator, we occupy quite low positions even compared to Islamic countries, where, as a rule, women play a significantly modest role in entrepreneurship. There are problems with geographic inequality, because, basically, entrepreneurship is concentrated in Yerevan," Jrbashyan said. According to him, this is also confirmed by the results ...
06/30/2025Nationalization of Electric Networks of Armenia will break the “backbone” of the economy and scare away investors – former Minister of Finance (EXCLUSIVE)
... country needs a similar law to attract foreign investment. "Pashinyan's government must make a serious effort. I can't even imagine how they are going to justify their actions. They say that all this is enshrined in law. But, for example, what rule did ENA violate, what did it lead to, what damage was done to the public interest by these actions," the former finance minister emphasized. Aramyan explained that, according to the law, in the event of nationalization, a foreign investor is ...
06/26/2025Archbishop Bagrat Galstanyan and several of his associates arrested for 2 months
... parliamentary opposition Hayastan Alliance issued a statement condemning the “illegal arrests and searches” and “fabricated charges.” It called on Armenians to “unite and prevent” Pashinyan from “silencing pockets of national resistance” to his rule.-0-
06/26/2025Deputy Prime Minister says Armenian manufacturers can produce competitive products for Russian consumers
... consistent,” Grigoryan said. The deputy prime minister expressed confidence that in order to successfully increase exports, more attention needs to be paid to logistics and consolidation. “High-quality producers in the agricultural sector are, as a rule, small and medium-sized enterprises. They need significant resources and coordination to enter world markets, including the large Russian market,” Grigoryan noted. According to him, it is important to promote the creation of logistics centers, ...
06/20/2025No plans for trilateral meeting between Pashinyan, Erdogan, and Aliyev in Turkey, says MP
The head of Armenia's National Assembly's Foreign Relations Committee Arman Yeghoyan from the pro-government Civil Contract party did not rule out a trilateral meeting between the leaders of Armenia, Azerbaijan, and Turkey during Nikol Pashinyan's upcoming visit to Istanbul, scheduled for June 20. YEREVAN, June 19. /ARKA/. The head of Armenia's National Assembly's Foreign Relations ...
06/19/2025Court arrests Samvel Karapetyan for two months
... Investigative Committee submitted a petition to the court to arrest Karapetyan. In his message regarding the court's decision, Karapetyan stated that, "unfortunately, the court has become a clear example for our people, living with hope for the law and the rule of law, proving that it is still not capable of acting independently, for the sake of justice and without instructions "from above." "Illegal arrest, fabricated charges will not break me or force me to change my principles. I will ...
06/19/2025Dashnaktsutyun representative does not rule out the possibility of street struggle in Armenia before 2026 elections
... before the elections. Isn't there a possibility that a capitulation agreement will be signed, which is presented as a peace treaty (with Azerbaijan - ed.)?" Saghatelyan said at a press conference on Monday. In this context, Saghatelyan did not rule out the start of street struggle to change power, adding that first of all, it is precisely for this that it is necessary to prepare. Earlier, the Speaker of the National Assembly of Armenia Alen Simonyan stated that the next parliamentary elections ...
06/16/2025Armenia aims to normalize relations with neighbors based on mutual recognition of sovereignty and territorial integrity - Mirzoyan
... path forward: to overcome clashes and deepen cooperation," Mirzoyan noted. The Foreign Minister also stated that Armenia seeks to strengthen communication, stimulate sustainable economic growth, improve innovation, strengthen democracy and the rule of law, focusing on the development of human capital. According to him, "creating such an environment for our citizens is a strategic priority for Armenia." “At the same time, we believe that the new opportunities opening up before us ...
05/26/2025Mirzoyan: Yerevan is not going to reformat its allied relations with Moscow
... a zero-sum game. You cannot come and say: let us offer you a project that interests you, but you will stop communicating with someone else. This is not our principle. This is a principle that has been defined since ancient times as "Divide and rule." It is clear that there is nothing democratic, nothing free in this principle," Lavrov said. -0-
05/21/2025Armenia seeks solution for alcohol exports: talks with Georgia underway
... already when trying to cross the Georgian border into Russia. "Now we are discussing different scenarios and situations with Georgian partners. Of course, the business community is also involved in these discussions," Papoyan noted. He did not rule out that he would visit Georgia in the near future to discuss the issue once again. "Unlike other goods for which we have already managed to achieve a solution (textiles, foil, flowers), the problem with alcohol remains unsolved. Yes, there ...
05/13/2025Armenian PM considers destructive any attempt to continue Karabakh movement
... and has one goal and meaning - the Karabakh movement, the Karabakh issue, and that “the Karabakh movement should be continued regardless of its consequences.” The Prime Minister disagreed with this statement. “Looking back at the 7 years of our rule, we have come to the conclusion that the Karabakh movement objectively ended long ago, and our collective efforts to continue it continue only to put an end to the existence of Armenia's already weakened independence and statehood,” Pashinyan said....
04/17/2025In Armenia, untying of "Gordian knot" of robbery began in 2019, $4.2 billion returned to the budget - Prime Minister
... and thus cannot be disposed of. "Thanks to the fight against looting, $4.2 billion has been added to the state budget. I promised that after the Velvet Revolution, Armenia would not be a place of vendettas, it would be a country governed by the rule of law, where stolen assets would be returned and the guilty would be held accountable," Pashinyan reminded. The Prime Minister emphasized, "We do not intend to turn Armenia into a black hole of lawlessness on the world map. Our goal is ...
04/15/2025Armenia needs to establish ties with the Arab world – economist on possible losses amid new US tariffs
Armenia should consider establishing ties in the Middle East, said Tatul Manaseryan, Doctor of Economics and Professor, in an interview with ARKA news agency. He was responding to a question about whether the country could compensate for potential losses from new US duties by increasing trade with other partners. YEREVAN, April 4. /ARKA/. Armenia should consider establishing ties in the Middle East, said Tatul Manaseryan, Doctor of Economics and Professor, in an interview with ARKA news agency...
04/04/2025Armenian Parliament adopts bill on Armenia's EU membership
... launching the process of Armenia’s EU membership. "The preface of the document states: 'Armenia, with the goal of developing democratic institutions, improving the welfare of society, strengthening the country's security, sustainability, and the rule of law, announces the start of the EU membership process,'" Zeynalyan noted. The head of the European Integration Commission, Arman Yeghoyan, in turn, stated that at the moment, there is no provision for filing an application for EU membership; ...
03/26/2025Armenia ranked as “Partly Free” in Freedom House's 2025 report
... countries and 13 territories. For each country (or territory), the report analyzes the electoral process, political pluralism and participation, government performance, freedom of expression and belief, the rights to association and organization, the rule of law, personal autonomy, and individual rights. In this year's report, 85 countries and 1 territory are considered "free," 51 countries and 4 territories are "partly free," and 59 countries and 8 territories are classified as ...
02/27/2025Constitutional referendum and economic development: Pashinyan presents draft ideology of Real Armenia
... are key incentives for establishing public welfare, and this incentive should be placed not in the logic of a race for money, but in the logic of a competition to create results, developing the individual and the state. Living well should become the rule within the logic of a set standard of welfare and with the understanding that the only tool for living well is to work hard, earn a lot, spend a lot. This is true for both the individual and the state, and both the state and the individual must also ...
02/20/2025Armenian PM: Defeat in 44-day war in Artsakh created "opportunity for an independent country"
... suffering and loss and to ensure Armenia's long-term survival, it is necessary to create a situation where "we can live in our region, alongside our neighbors, without external assistance and interference." Pashinyan added that this does not rule out the creation of alliances and cooperation with geopolitical powers.
02/04/2025Mirzoyan and Blinken sign Charter on Strategic Partnership between Armenia and the USA
... injects greater ambition into our cooperation. 'It spans a wide array of fields including strengthening economic and energy ties, connectivity, deepening defence and security cooperation, reinforcing democratic institutions, promoting justice and the rule of law, fostering innovation and high technologies, and enhancing people-to-people contacts. Mirzoyan said also that the sides commence negotiations on a nuclear cooperation agreement with the US, commonly known as 123 Agreement. It will provide ...
01/15/2025In Armenia, 4,500 safety violations identified in 2024, 8,600 acts drawn for 2 billion drams
Over 4,500 violations of technical and fire safety rules were identified in Armenia in 2024, according to Garegin Khachatryan, head of the Armenian Inspectorate for Urban Development, Technical and Fire Safety. YEREVAN, January 10. /ARKA/. Over 4,500 violations of technical and fire safety rules ...
01/10/2025Stillborn peace and national mobilization: Experts on Aliyev's threats to Armenia"
... the rights of the people and the interests of the state. "It is precisely because of the priority of maintaining power that they are zealously destroying our statehood and weakening the resistance of our people. […] As a result, authoritarian rule is taking root in the country, destroying the state. […] We must free ourselves from the captivity of the Civil Contract propaganda in order to be able to resist the growing threats to Armenia," Tatoyan concluded. About Aliyev's Statements ...
01/08/2025Armenia to change rules for conscription in case of illness
At a meeting on Thursday, the Armenian government adopted a draft amendment to the methodology for assessing health status when conscripting individuals for military service. YEREVAN, December 19. /ARKA/. At a meeting on Thursday, the Armenian government adopted a draft amendment to the methodology for assessing health status when conscripting individuals for military service. In particular, the draft stipulates that if certain diseases are present and no deterioration in health is recorded after...
12/19/2024EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)
... household incomes rise, domestic consumption will become a key driver of Armenia's economic growth," Kuznetsov said. In the GDP structure, household consumption accounted for 65-70% in 2023 and the first nine months of 2024. Kuznetsov also did not rule out that Armenia's economy could receive a positive boost in 2025 from increased external demand from its key trading partners. Figures and Forecasts for the Armenian Economy Economic growth in Armenia is projected at 7% in the state budget for 2024 ...
12/12/2024Yerevan Vice Mayor appeals to prosecutor general over bus drivers' strike
... allows for the dismissal of an employee in cases of loss of trust, especially when financial damage occurs. In light of the ongoing situation, it was decided to apply the most severe penalty provided by the Labor Code – dismissal. He also did not rule out further dismissals, in addition to the 18 drivers who have already been suspended. Moreover, Grigoryan stated that he had contacted the Prosecutor General’s Office to initiate a preliminary investigation into potential legal violations by the ...
12/03/2024Foreign Minister Mirzoyan explains the importance of Armenia's membership in International Criminal Court
... International Criminal Court since the country’s accession to the Court in February of this year. Minister Mirzoyan emphasized the commitment of Armenia to actively engage in international efforts aimed at upholding international legal norms and ensuring the rule of law. The interlocutors also exchanged views on challenges facing the international justice system, highlighting the importance of strengthening the role of independent judicial mechanisms to adequately respond to global crises and contribute to ...
12/03/2024Putin: ‘Today's situation between Armenia and CSTO most likely dictated by internal political processes in Armenia itself’
... is most likely dictated by internal political processes in Armenia itself. Of course, it is all connected with the consequences of the crisis in Nagorno-Karabakh,‘ Pution said on the sidelines of the CSTO leaders’ meeting in Astana. Putin did not rule out that Armenia could return to full participation in the CSTO. ‘This is a very sensitive issue. It is always easy to make some assessments from the outside - it is always more complicated from inside. In my opinion, any member country of the ...
11/28/2024Armenian PM suggests dropping claims against Azerbaijan in international courts
Armenian Prime Minister Nikol Pashinyan did not rule out the possibility of dropping lawsuits against Azerbaijan in international courts. YEREVAN, November 23. /ARKA/. Armenian Prime Minister Nikol Pashinyan did not rule out the possibility of dropping lawsuits against Azerbaijan in international ...
11/23/2024Armenian PM announces appointment of Arpine Sargsyan as head of Interior Ministry
... resignation orders were announced late on Sunday, two days after Pashinyan publicly lashed out at the judiciary and law enforcement agencies, saying they had failed to end the perceived lack of ‘justice’ in the country during his more than six-year rule. On Monday morning, Pashinyan confirmed that he had ‘asked a number of high-ranking officials to leave their posts.’ ‘The reasons why I made such a request are not personal but systemic, which I have spoken about publicly,’ he wrote on Facebook....
11/20/2024Not a single official from Armenia has registered to participate in COP29 in Azerbaijan - MFA
... Baku, said Armenian Foreign Minister Ararat Mirzoyan. YEREVAN, November 13. /ARKA/. Not a single official from Armenia has registered to participate in the COP29 climate summit in Baku, said Armenian Foreign Minister Ararat Mirzoyan. "I do not rule out that political or public organizations could have done something like this, although I am not aware of this. The Armenian government has neither the desire nor the ability to guide political or public organizations," he said during a government ...
11/13/2024NSS chief believes that Azerbaijan will leave occupied territories of Armenia as a result of border delimitation
Director of the National Security Service of Armenia Armen Abazyan did not rule out today that Azerbaijani troops will leave the occupied territories of Armenia as a result of border delimitation process. YEREVAN, 28 October. /ARKA/. Director of the National Security Service of Armenia Armen Abazyan did not rule out today ...
10/28/2024Venture capital: the most exciting investments
... particularly risky and imply loss of investment in most projects. At the same time, companies that succeed make extraordinary profits. Venture capital investment requires a large amount of capital, as funds need to be spread over several projects. As a rule, startups have to be additionally financed in the process of development. Experienced and status investors can select companies and venture funds on their own. For beginners, it is better to choose crowdfunding platforms or consider syndicated deals....
10/22/2024Blue chips: why to buy ‘elite’ shares
We will tell you about the features of blue chips, how to find them and what you should consider when buying them YEREVAN, 10 October./ARKA/. Investors, as a rule, seek to gain the highest profit at the lowest risk. Market leaders' shares are considered a relatively best and proven way to build up the portfolio. In the investment environment they are called ‘blue chips’. We will tell you about the features ...
10/10/2024Armenian Foreign Minister and European Commission Vice President discussed deepening of cooperation
... development of a new agenda for the Armenia-EU partnership were noted, the press service of the Armenian Foreign Ministry reported. Mirzoyan and Jourová touched upon the progress of ambitious reforms implemented by Armenia to protect human rights and the rule of law, strengthen democratic institutions, as well as cooperation with the EU. Within the framework of the EU research and innovation program Horizon Europe and the Creative Europe program, the importance of continuing active cooperation in the ...
10/02/2024ENA plans to rule out power cuts in the centre of Yerevan
Modernisation of the power network in the centre of Yerevan was discussed at the meeting of Mayor Tigran Avinian with Karen Darbinyan, Chairman of the Board of Directors of Electrical Networks of Armenia (ENA) and Karen Harutyunyan, General Director of the company. YEREVAN, 26 September. /ARKA/. Modernisation of the power network in the centre of Yerevan was discussed at the meeting of Mayor Tigran Avinian with Karen Darbinyan, Chairman of the Board of Directors of Electrical Networks...
09/26/2024MP from Armenia's ruling party names conditions under which Armenia will buy gas from Baku.
... will not become dependent on Azerbaijan if it starts buying gas from Baku, the MP said that dependence arises only in case of buying energy resources from one source. Earlier, during the 2nd All-Armenian Summit, Prime Minister Nikol Pashinyan did not rule out the possibility that Armenia would start buying gas from Azerbaijan in case of signing a peace treaty with it. Armenia currently imports gas from Russia for domestic needs and also receives it from Iran in exchange for electricity. --0--
09/25/2024What is IPO and whether it is possible to make money on it
... the country's legislation. Usually, they include a minimum threshold of completed transactions and shares in the portfolio, the requirement to have specialised education and work experience in financial institutions. Companies may introduce a lock-up rule that prevents the sale of securities bought at an IPO for several months. This is necessary to avoid a collapse in stock prices. Often the lock-up applies to management, employees with insider information and the largest shareholders. However, private ...
09/24/2024Armenia and the US work together to create a better future - Biden congratulates Armenia on Independence Day
... security and defence partnerships to accelerating clean energy and trade diversification initiatives. Biden also emphasised that the strategic partnership will support Armenia's efforts to promote democracy through civic engagement, good governance, rule of law and anti-corruption measures. ‘These are values that both Americans and Armenians share,’ Biden stated. President Biden said the United States supports Armenia's sovereignty, independence, territorial integrity and its right to determine ...
09/21/2024Saving a large amount of money: mission achievable
... yourself ‘productive spontaneity’. Try a few tricks: - Leave multiples of ten in your account, transferring a small balance to savings every day. For example, if you have 10,172 left on your card in the evening, you can set aside 1.72 or 172. The same rule applies to cash - putting change in a piggy bank has been familiar to us since childhood. - Celebrate everyday events by putting aside a related amount. For example, if the thermometer shows +34, put 340 c.u. into the piggy bank. Or on the day when ...
09/04/2024Armenia has not received official comments from Russia on cognac issue - minister
... high level’. In addition, the import of alcohol is controlled by the Russian Rosselkhoznadzor agricultural watchdog. We ourselves are interested in making sure that everything is properly organised,’ he said. At the same time, the minister did not rule out that spirits from other countries may be packaged in Russia as Armenian brandy. Papoyan said that in the near future a laboratory will be set up in Armenia to check the exported cognac. -0-
09/02/2024Rich Dad, Poor Dad: How the level of financial literacy is related to children's upbringing
... skills, responsibility to loved ones lose meaning and value for the child. It is not worth giving pocket money in an impulse to please children in some way. This approach is haphazard. After all, the child should understand that in real life, funds, as a rule, do not appear by chance. Parents should determine in advance with their children when they receive pocket money, to create an objective and understandable to both sides of the system. Summary Patterns learnt in childhood from parents influence a ...
08/15/2024Armenian-American Wellness Centre in Yerevan furnished with unique medical equipment (VIDEO)
... Khachanush Hakobyan, Director of the Armenian-American Wellness Centre. Last year, with the support of Acba Leasing, the centre acquired a mammograph, which, thanks to artificial intelligence, helps specialists conduct a much more detailed examination and rule out errors. Acba Bank is a 100 per cent shareholder of Acba Leasing. Acba Leasing is controlled by the Central Bank of Armenia. More details in the video clip. -0-
08/05/2024What are ETFs and can Armenian investors become their shareholders?
... ETFs? Are there any common mistakes to avoid or proven strategies you could recommend? N. Garibyan – Giving advice is a thankless job. But I would probably like to say that a novice investor at the beginning of their journey should follow certain rules in order not to make mistakes, although they are inevitable. Nevertheless, one of the very first rules is to invest only one’s own, excess money. It should not be borrowed funds or the last money. That is, if a person needs to buy a car in the ...
07/26/2024Summer conscription to Armenian Armed Forces extended till 15 August
... possible to complete the medical examination of all citizens within the previously established deadlines, it was decided to extend the deadlines by 15 days. This will allow to avoid additional deferrals for citizens subject to summer conscription and rule out postponement of medical examinations to winter conscription. -0-
07/25/2024US allocates $16m for development of Patrol Service in Armenia - Deputy Secretary of State
... Ministry. The Deputy Secretary of State noted that the U.S. continues to deepen cooperation with Armenia across the board, based on shared democratic values, an unwavering commitment to building strong ties between nations, and the pre-eminence of the rule of law. -0-
07/16/2024Mirzoyan: Armenia remains committed to building democratic institutions, sustainable development
... Nevertheless, regardless of all challenges, Armenia remained committed to delivering on the promise of the sustainable development goals and making real changes for its people by building strong democratic institutions, safeguarding human rights and the rule of law, fostering social inclusion, gender equality and empowerment of youth,” he said. Mirzoyan reiterated Armenia’s commitment to the implementation of the 2030 Sustainable Goals Agenda. “As we approach the upcoming Summit of the Future, ...
07/16/2024Investment risks and diversification: how to build a safe and profitable portfolio
... most reliable to the least stable, we get: government bonds - corporate bonds - stocks of large first-tier companies - high-yield bonds of small and medium-sized companies - stocks (issued by non-blue chips) - futures and options. - Exchanges, as a rule, mark assets according to the degree of risk, e.g., assign a rating, place the least stable securities in special sections, designate issuers in danger of bankruptcy. - Reputable agencies compile extensive and detailed ratings of companies and securities,...
07/16/2024US Department of State Under Secretary Zeya to visit Armenia
..., the Department of State stated in a media note. In Armenia, Under Secretary Zeya will meet with senior government officials and civil society representatives on strengthening the US-Armenia partnership and advancing Armenia’s democratic gains on rule of law, anti-corruption, and judicial reform. She will visit the Armenian Genocide Memorial to pay respects to the victims of the 1915 genocide. Under Secretary Zeya will also engage UN and other international bodies in Armenia supporting members ...
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