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Economy of Armenia: challenges and prospects
Vladislav Inozemtsev, Professor of Economics and founder and Director of the Centre for Post-Industrial Studies, shares his views on Armenia’s post-Soviet development in an article published by The Armenian Interest. YEREVAN, June 13. /ARKA/. Vladislav Inozemtsev, Professor of Economics and founder and Director of the Centre for Post-Industrial Studies, shares his views on Armenia’s ...
06/13/2017Boris Fokin: Armenia has an advantage that will make it a world leader in coping with stress and uncertainty
Boris Fokin, co-founder of Hay'Li Human Development, founder of the Abakus Mental Arithmetic Center and co-founder of CIS Armenia International School, shares his ideas and thoughts about the future of Armenia, its advantages and why it attracts strong-minded people in an exclusive interview with ARKA news agency as part of its special project "Armenia: there is a ...
04/15/2021Eurasian integration is very attractive for Armenia
In an exclusive interview with ARKA news agency Viktor Spassky, the director of the Integration Development Department of the Eurasian Economic Commission, speaks about Armenia’s Eurasian integration process, economic advantages and risks stemming from its decision to join the Customs Union and to refuse to initial an association and deep and comprehensive free trade area agreements with the EU. In an exclusive ...
12/03/2013IMF Resident Representative to Armenia on economy, agreement with EU and poverty
Armenia became a member of the International Monetary Fund in 1992. Since then, the IMF has extended financial support to Armenia in the framework of nine programs. YEREVAN, December 21, /ARKA/. Armenia became a member of the International Monetary ...
12/21/2017EBRD Vice President: the Bank has invested over €2 billion euros in 205 projects in Armenia to date - EXCLUSIVE
European Bank for Reconstruction and Development (EBRD) Vice President Mark Bowman visited Armenia earlier this week. In an exclusive interview with ARKA news agency, he spoke about the discussions in Yerevan, the bank’s projects, named also the factors of economic growth as well as confirmed the bank’s growth forecast for Armenia for 2023....
01/18/2023Peter Nemoy: Armenia is ready to get a chance not to catch up with anyone, but to be one step ahead, as Armenians did more than once (VIDEO)
Peter Nemoy, the CEO of the 'Teatrika' theatrical laboratory, director, actor, expert in the field of innovative creative technologies, the first man who moved to Armenia to support the "Project 301: Armenia - the Land of Wise Men," shares in an exclusive interview with ARKA news agency his views about the future of Armenia and who is Armenia's archenemy. YEREVAN, March 110. /ARKA/. Peter Nemoy, the ...
03/11/2021EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
In an exclusive interview with the ARKA news agency EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti speaks about the bank's investments and goals in Armenia, as well as its priorities and future programs. YEREVAN, November 26. /ARKA/. In an exclusive interview with the ARKA news agency EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti speaks about the bank's investments ...
11/26/2024IMF ready to help Armenia in case of need
Below is an exclusive interview by IMF Resident Representative in Armenia Nienke Oomes to the ARKA News Agency. Below is an exclusive interview by IMF Resident Representative in Armenia Nienke Oomes to the ARKA News Agency. Question: What are the possible consequences of the international financial crisis for Armenia?...
11/10/2008Galina Davidyan: the need for media resources like 'Novosti Armenia' to grow
Ten years ago, on December 8, 2005, a new national media resource –the International News Agency 'Novosti Armenia' emerged in Armenia's media space. Over ten years of its activity the agency has achieved tangible results finding its own niche in the Armenian media field. Ten years ago, on December 8, 2005, a new national media resource –the International ...
12/09/2015USA and Armenia to upgrade status of bilateral dialogue to Strategic Partnership Commission
Following the Armenia-U.S. Strategic Dialogue Capstone meeting held in Yerevan June 10-12 the Governments of the Republic of Armenia and United States of America issued a statement that reads as follows: YEREVAN June 12. /ARKA/. Following the Armenia-U.S. Strategic ...
06/12/2024EU and US to provide additional assistance to Armenia to help it diversify trade and strengthen economic resilience
President of the European Commission, Ursula von der Leyen, EU High Representative/Vice-President, Josep Borrell, Secretary of State of the United States of America, Antony Blinken, USAID Administrator Samantha Power, and Prime Minister of the Republic of Armenia, Nikol Pashinyan, met today, April 5, 2024 in Brussels to reaffirm support for Armenia’s sovereignty, democracy, territorial integrity, and socio-economic resilience, the Armenian government said in a statement today, which reads as follows: ...
04/05/2024Inflow of non-residents to Armenia will help enhance stock market liquidity, says сo-founder of Freedom Holding (EXCLUSIVE)
Igor Klyushnev, co-founder of Freedom Holding and supervising manager for Armenia, in an exclusive interview with ARKA news agency unveils the company's plans in Armenia, presents his expert opinion on the prospects of the country's stock market development, as well as his forecasts for Armenia's and global economies. ...
08/14/2023Well-known facilitator Ekaterina Karmak names the reasons why she decided to move to Armenia (VIDEO)
In an exclusive interview with ARKA and Novosti-Armenia news agencies a well-known Russian facilitator and organizer of strategic sessions for major companies Ekaterina Karmak speaks about why she has moved to Armenia, how her business has changed and whether this country has a future. YEREVAN,...
01/17/2022Joining up for Green Future: British Embassy and HSBC Bank Armenia promoting sustainability in Armenia
Perks and challenges, trends and regulations in green finance and sustainable economy in Armenia and globally were the main topics discussed at the high-level conference co-organised by HSBC Bank Armenia CJSC (HSBC Armenia) and the British Embassy in Yerevan on 10 December. YEREVAN, December 10, /ARKA/. Perks and challenges, trends ...
12/10/2021Armenia boasts one of the best economic growth among Eurasian Economic Union member countries
The Eurasian Fund for Stabilization and Development (EFSD) is implementing a number of infrastructure projects in key sectors of Armenia’s economy. Alexei Cherekaev, an EFSD project group director, spoke to ARKA news agency about these projects and shared his views about the economic situation in Armenia. YEREVAN, July 3. /ARKA/. The Eurasian Fund for Stabilization and Development ...
07/03/2017Armenian PM to pay official visit to Kazakhstan, leaders of two countries sign joint statement
Armenian Prime Minister of the Republic of Armenia Nikol Pashinyan and President of the Republic of Kazakhstan Kassym-Jomart Tokayev yev signed a joint statement following the meeting. YEREVAN, April 15. /ARKA/. Armenian Prime Minister of the Republic ...
04/15/2024Buildup of investments in Armenia is one of our top priorities – Eurasian Development Bank
Armenia’s membership in the Eurasian Economic Union already has a two-year record. What the country has benefited from it? What do experts predict? What programs are planned for 2017? Yaroslav Lissovolik, the Chief Economist at Eurasian Development ...
03/31/2017Armenia announces launch of Southern Armenia Railway and High Speed Road Projects
Pursuant to an instruction by the President of the Republic, the Minister of Transport and Communication of the Republic of Armenia, Mr. Gagik Beglaryan, announced the launch of the estimated $3 Billion Southern Armenia Railway and Southern Armenia High Speed Road Projects. YEREVAN, January 18./ARKA/. Pursuant to an instruction by the President of the Republic, the Minister ...
01/18/2013Revaluation of Armenian dram lowers inflationary expectations, potential
Below is an exclusive interview given to the ARKA News Agency by Chairman of the Central Bank of Armenia (CBA) Tigran Sargsyan. ARKA: Mr. Sargsyan, what preliminary estimates of the country’s key macroeconomic indicators for 2007 can you make? Sargsyan: 13.6% macroeconomic growth was recorded in Armenia in January-November 2007, which growth ...
02/04/2008Barclays presents research on Armenia's economy for investors
Armenia’s government is moving decisively towards much-needed structural measures, and although it remains to be seen if the political will is there to ultimately transform Armenia’s economy, some improvements are already noticeable, according to ...
11/13/2019Ustyugova: risks to economic resilience and growth could stem from slower implementation of structural reform agenda in Armenia
Armenia’s macroeconomic indicators show today a steady pace of development. GDP growth, inflation rate and debt burden are within reasonable bounds. How can global economy processes impact Armenia, what risks can threaten the country’s financial sector ...
12/13/2018IMF forecasts 4 percent GDP growth for Armenia in 2012, but says there is growth potential
Exclusive interview with Guillermo Tolosa, International Monetary Fund Resident Representative in Armenia. Exclusive interview with Guillermo Tolosa, International Monetary Fund Resident Representative in Armenia 1. Mr. Tolosa, what is the level of financing provided by the IMF to Armenia in 2011? How do you assess the degree of cooperation and ...
05/22/2012CIS cryptocurrency market may centralize in Armenia- SkyLabs representative on cryptocurrency regulation and impact of Russians' relocation to Armenia
... cryptocurrency. In a conversation with ARKA news agency, Andranik Togramajyan, Marketing Director for SkyLabs cryptocurrency terminals network and co-founder of Tunmun.am service, CMO Bololex, speaks about SkyLabs project, the only crypto terminals in Armenia, the prospects of the cryptocurrency community and Armenia's chances of becoming a regional cryptocenter. ARKA - What prompted you to create the SkyLabs service? А. Togramajyan- We discovered that there was a demand in Armenia for cryptocurrency ...
10/20/2022Billionaire Ruben Vardanyan prepares to enter Armenian politics: "We can increase Armenia’s GDP from $13 billion to $40-50 billion in ten years."
In an interview with Russian Business Consulting (RBC), Ruben Vardanyan, investor and "Forbes #116", speaks about the kind of Armenia that should be built, the phenomena revealed by the public opinion polls, and his readiness to be "both a janitor and a leader" of the country. YEREVAN, November 26. /ARKA/. In an interview with Russian Business Consulting (RBC),...
11/26/2021Armenia can cooperate with both European Union and Customs Union now
Tatul Manaseryan, the head of Alternative think tank, in an exclusive interview with ARKA news agency, voiced his views on advantages and disadvantages of Armenia’s European or Eurasian integration. Tatul Manaseryan, the head of Alternative think tank, in an exclusive interview with ARKA news agency, voiced his views on advantages and disadvantages of Armenia’s European or Eurasian integration....
10/03/2013Top ten economic events of 2012 singled out by ARKA News Agency
Top ten economic events of 2012 singled out by ARKA News Agency 1. Armenia’s Success in Doing Business 2012 Rating In 2012 Armenia reached considerable success in World Bank and International Finance Corporation’s Doing Business ranking. Armenia improved its rank by 18 notches here – from the 50th position ...
12/20/2012Landlocked Armenia must make the best use of human resources - ADB head in Armenia (exclusive)
... focused on environmentally responsible investments. The Asian Development Bank, positioning itself as a climate bank, allocates considerable funds to the countries of its presence to combat climate change in order to ensure sustainable development. Armenia is not an exception in this context. In an interview with ARKA news agency, Don Lambert, Country Director for ADB's Armenia Resident Mission, speaks about the ongoing and planned investment projects, as well as highlights their environmental component....
08/01/2024Armenia has not reconsidered its position on Turkey's destructive involvement in the region
Armenia has not reconsidered its position on Turkey’s destructive involvement in the region, spokesperson for Armenian Ministry of Foreign Affairs Anna Naghdalyan said in a statement in response to a statement issued Thursday by the Armenian National ...
02/12/2021Report: Armenia steps up efforts to reinforce and enhance partnership with EU
Armenia has stepped up its efforts to reinforce and enhance its partnership with the EU and acknowledged the significant role the EU can play in the smooth implementation of the country's reform agenda. YEREVAN, May 21 / ARKA /. Armenia has stepped up ...
05/21/2019Armenian Foreign Ministry reveals goals of Armenia-EU-US meeting in the context of Azerbaijan's claims
The meeting scheduled for April 5 in Brussels between Armenian Prime Minister Nikol Pashinyan, European Commission Chief Ursula von der Leyen and U.S. Secretary of State Anthony Blinken will be dedicated to strengthening Armenia-EU-U.S. cooperation and is not and cannot be directed against any third party....
03/28/2024IMF to revise forecasts on Armenia's economic growth and expects inflation to stabilize at around 4%
In an exclusive interview with ARKA news agency Jihad Azour, Head of Middle East and Central Asia Department at the International Monetary Fund (IMF), speaks about IMF’s vision regarding prospects of Armenia's economic development, inflation behavior and national currency, as well as about the goals of the IMF’s Stand-by Arrangement program YEREVAN, September 7. /ARKA/. In an exclusive interview with ARKA news agency Jihad Azour, Head of Middle ...
09/07/2023U.S. State Department presented pros and cons of Armenia's 2022 investment climate
Over the past several years, Armenia has received consistently respectable rankings in international indices that review country business environments and investment climates, the U.S. Department of State says in a 2022 Investment Climate Statement on Armenia. YEREVAN, July 29....
07/29/2022Department of State: Armenia's investment environment improves, but there are still problems
The US Department of State has published an extensive 2020 Investment Climate Statements. YEREVAN, September 11, / ARKA/. The US Department of State has published an extensive 2020 Investment Climate Statements. In the section devoted to Armenia, the Statement says after a dramatic change of government in April/May 2018, major sectors of Armenia’s economy have ostensibly become more open to competition. Large businesses backed by oligarchic interests are notionally less able to draw ...
09/11/2020AmCham: situation around Amulsar sends negative signals to potential investors
In a letter addressed to Armenian Prime Minister Nikol Pashinyan the American Chamber of Commerce in Armenia (AmCham) warns that the delays in the Amulsar Project can make Armenia an unattractive country for investments. YEREVAN, September 2. /ARKA/. In a letter addressed ...
09/02/2019Gazeta about gas war between Armenia and Gazprom
Armenia doesn’t want to pay for Russian natural gas as much as Gazprom offers and has already started hurling fines at the Russian subsidiary, Gazeta.ru reports. Experts are warning that the price is unlikely to be downed. In their opinion, it is extremely ...
07/02/2019IFC’S current portfolio in Armenia stands at $146.5 million
Exclusive interview with Mr. Thomas Lubeck, IFC regional manager for the South Caucasus Exclusive interview with Mr. Thomas Lubeck, IFC regional manager for the South Caucasus ARKA- Can you describe IFC’s activities in Armenia? Please talk about IFC’s plans in the country in 2014. T. L. Creating favorable conditions for sustainable economic growth is one of the key objectives of the World Bank Group’s strategy for Armenia. Job creation is key for improving living ...
02/07/2014President reiterates commitment to continue modernization of Armenia on principles of human rights, democracy and rule of law
YEREVAN, October 21. / ARKA /. Armenia’s President Serzh Sargsyan received today the Secretary General of the Council of Europe Thorbjørn Jagland who has arrived to Armenia to participate in the High Level Conference on Combating Racism, Xenophobia and Intolerance in Europe organized ...
10/21/2013Armenia and Ukraine maintain friendship from ancient times
Ukraine celebrated its Independence Day on August 24. Ukraine’s Ambassador to Armenia Ivan Kukhta spoke about the current Armenian-Ukrainian cooperation in the interview with ARKA news agency. Ukraine celebrated its Independence Day on August 24. Ukraine’s Ambassador to Armenia Ivan Kukhta spoke about the current Armenian-Ukrainian ...
08/28/2012First policy dialogue of "GREEN Armenia" joint platform took place
Еhe Government of Armenia, in cooperation with the World Bank, the European Union and the United Nations Development Program, today launched the "Growth and Recovery for the Strengthening, Upgrading and Prosperity of Armenia" platform in support of Armenia's ...
06/27/2022HSBC Armenia Marks its 25th Anniversary in Armenia
March 16, 2021 marks an important day for “HSBC Bank Armenia” CJSC (HSBC Armenia) – its 25th anniversary. YEREVAN, March 16. /ARKA/. March 16, 2021 marks an important day for “HSBC Bank Armenia” CJSC (HSBC Armenia) – its 25th anniversary. Established in 1996 as Midland Armenia Bank ...
03/16/2021HSBC Bank Armenia awards its Trade Finance Best Customers
HSBC Bank Armenia has named today the winners of its seventh Best Trade Customers Award. Speaking at the Award giving ceremony, HSBC Bank Armenia CEO Thies Clemenz said HSBC Trade Awards have become a benchmark for performance in Armenia’s trade finance industry....
06/15/2016Armenian Foreign Ministry responds to Ilham Aliyev's demand that Armenia announce a specific date for opening of so-called "Zangezur corridor"
Armenia’s Foreign Ministry condemned today in a statement the provocative and threatening nature of statements made by Azerbaijani President Ilham Aliyev on December 6. YEREVAN, December 7. /ARKA/. Armenia’s Foreign Ministry condemned today in a ...
12/07/2021Armenian human rights defender calls for halting the process of defining Armenia's borders with Azerbaijan
The process of defining Armenia's border with Azerbaijan has no legitimacy and should be immediately stopped or revised, Armenian human rights defender Arman Tatoyan said today. YEREVAN, January 20. /ARKA/. The process of defining Armenia's border with Azerbaijan has ...
01/20/2021EDB deputy board chairman: Armenia set to have highest GDP growth in EEU
Armenia's capital Yerevan hosted October 1 a meeting of the Supreme Eurasian Economic Council. YEREVAN, October 7. /ARKA/. Armenia's capital Yerevan hosted October 1 a meeting of the Supreme Eurasian Economic Council. Top government officials from the ...
10/08/2019Digital Caramel CEO Arsen Sultanyan: Armenia’s internet-advertising industry grows 15 times over last 10 years
... growing at high rates in all countries. In some it has even overtaken TV advertising. In an exclusive interview with ARKA news agency the founder and CEO of Digital Caramel Arsen Sultanyan speaks about the situation with the Internet advertising market in Armenia, its development trends and formats. YEREVAN, September 27. /ARKA/. The online advertising industry is growing at high rates in all countries. In some it has even overtaken TV advertising. In an exclusive interview with ARKA news agency the ...
09/26/2019Mnatsakanyan: Armenia is ready to contribute to regional stability
In an interview with German Marshall Fund Senior Fellow Jonathan Katz on July 19 Zohrab Mnatsakanyan, Armenia’s minister of foreign affairs, said the most important challenge before Armenia, the most important priority, was to make it very clear that Armenia’s Velvet Revolution was strictly about Armenia. YEREVAN, July 31, /ARKA/ In an interview ...
07/31/2019Simonov: lower gas price for Armenia is possible
After Armenia, Georgia, Russia and Iran signed a quadruple memorandum on cooperation in energy area and sanctions were lifted from Iran, Armenia got a chance to become a flagship player in electric energy industry. It is very important to Armenia to know ...
02/29/2016Armenia needs private sector investment and human capital development - EBRD First Vice President
First Vice-President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink was on a week-long visit to Armenia, Georgia and Azerbaijan that started on September 4. YEREVAN, September 27. /ARKA/. First Vice-President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink was on a week-long visit to Armenia, Georgia and Azerbaijan ...
09/27/2023First high-level Armenia-EU Political and Security Dialogue takes place in Yerevan
The first high-level Armenia-EU Political and Security Dialogue took place on 26 January 2023 in Yerevan, co-chaired by Deputy Foreign Minister of the Republic of Armenia Vahe Gevorgyan and Deputy Secretary General/Political Director of the European External Action Service ...
01/27/2023Linking determination of Armenia's state border with law on administrative-territorial division is fundamentally unacceptable, human rights defender says
The approach, according to which the determination and change of the state border of Armenia is linked with the law on the administrative-territorial division is fundamentally unacceptable, Armenian human rights defender Arman Tatoyan said on his Facebook page. YEREVAN, December 31. /ARKA/. The approach, according to which the determination ...
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