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New economy minister: I will be the representative and the guardian of business community in the government
... corrupt state system, there are other prerequisites, but there are also some obstacles. We intend to eliminate them promptly,” Kerobyan said. According to him, there are great financing opportunities in Armenia - starting from money kept under the pillow to the possibilities of the Diaspora and the internal resources that exist ... ... work and stimulate investment in the country. “I previously was an opponent of the government and have often criticized its activities. I know the hurdles that need to be removed for capital expenditures to be fully fulfilled and I will work internally ...
11/27/2020New economy minister: we should move forward with an average 10% economic growth
On November 27 Armenian Prime Minister Nikol Pashinyan introduced newly appointed Minister Vahan Kerobyan to the staff of the Ministry of Economy, the government press office reported. YEREVAN, November 28, /ARKA/. On ... ... still be used in the further development of the economy. The Prime Minister wished Vahan Kerobyan every success in his future activities: “Mr. Kerobyan comes to the state system from the private sector. We last talked to each other when Mr. Kerobyan ...
11/28/2020Armenian minister says ‘we need to develop in new normal environment"
... projects of rapid economic growth just for these communities, so that the regression that occurred as a result of the Azerbaijani attack can be neutralized as quickly as possible and create attractive opportunities for people to boost their economic activities," he said. Regarding the resort town of Jermuk, where the enemy now stands 4.5 kilometers away, Kerobyan said that everything possible is being done to restore Armenia's territorial integrity as soon as possible. "We understand that such actions jeopardize economic activity in those towns that we have heard a lot about over the last week. And we should try with our example to make sure that economic activity ...
09/19/2022Economy Minister says investigation unlikely to reveal any violations in activities of detained deputy minister
Armenian Economy Minister Vahan Kerobyan expressed confidence today that the investigation will not reveal any violations in the activities of one of his deputies detained Wednesday. YEREVAN, February 1. /ARKA/. Armenian Economy Minister Vahan Kerobyan expressed confidence today that the investigation will not reveal any violations in the activities of one of his deputies detained Wednesday. The ministry confirmed Wednesday that Deputy Minister Ani Ispirayn, 32, was brought in for questioning ...
02/01/2024Armenian government set to regulate tourism industry
... standards and requirements for tourism service providers will be defined," he said. For example, there will be certain requirements for consumer protection, including the conclusion of contracts, provision of financial guarantees, etc. According to Kerobyan, Armenia currently lacks a system of quality control of tour guides' services. Therefore, the activities of guides will be subject to reporting. Besides, guides will have to be licensed after certification and meeting certain standards. Besides, according to the project, both tourist buses and relevant information centers, as well as guides and ...
12/08/2023Armenian companies buy 83 billion drams worth equipment with government subsidies
... qualified specialists invited from abroad for a period of 36 months. The minister stressed that one of the key goals of the Armenian authorities' economic policy is to increase labor productivity. "Only by striving for this will our companies and ... ... become more competitive and prosperous... Our companies have great potential to use scientific and innovative inventions in their activities, the best production lines and attract world-class specialists," stated Kerobyan. According to him, digital transformation is very important as more than 90% of local companies are noticeably behind ...
05/02/2023China’s CGM corporation offered to implement investment projects in Armenia
... Corporation (CGM). YEREVAN, June 2. /ARKA/. Armenian Economy Minister Vahan Kerobyan on Friday received a delegation of the China’s National Geological and Mining Corporation (CGM). The Chinese state corporation is engaged in geological and mining activities. Its main business projects are implemented in Asia, Africa and the Middle East, according to the press service of the Armenian Ministry of Economy. Minister Kerobyan was quoted as saying that the mining industry is one of the important sectors of Armenia's economy. The parties were said to discuss opportunities for the corporation to implement investment projects in Armenia. Kerobyan expressed readiness to ...
06/02/2023Armenian government translating corporate and tax laws to Russian
... webinar on expansion of businesses abroad. "This work is underway now, but we are speeding up the process so that investors from abroad, not only from Russia, but also from other countries, could also read our laws and make decisions on investment activities. I think that this is an important infrastructure, an important element for attracting foreign investment," he said. According to Kerobyan, in March 2022, more than 1000 individual enterprises were opened in Armenia, including more than 300 by non-residents. Speaking about the Russians who have arrived in Armenia recently, Kerobyan said that at the moment the figures fluctuate between 70,000 and 100,000 people. "It is not quite possible to understand ...
04/20/2022Austrian TAMAK Holding interested in investments in Armenia’s construction and tourism sectors
On March 22, Armenian Economy Minister Vahan Kerobyan received representatives of Austria's largest TAMAK Holding. YEREVAN, March 23. /ARKA/. On March 22, Armenian Economy Minister Vahan Kerobyan received representatives of Austria's largest TAMAK Holding. During the meeting, TAMAK Holding representatives presented their activities in the production of prefabricated houses, cement chipboards and other building materials as well as expressed their interest in investing in construction and tourism sectors of Armenia, the Armenian Economy Ministry press service reported....
03/23/2023Armenia intends to simplify conditions for foreign trade as much as possible - Kerobyan
The government of Armenian is set to provide the most simplified conditions to business entities engaged in foreign trade, Economy Minister Vahan Kerobyan said on Tuesday. YEREVAN, October 3. /ARKA/. The government of Armenian is set to provide the most simplified conditions ... ... are introducing this regulation in order not to communicate in a paper-based manner with companies engaged in foreign trade activities from now on, as well as to create more simplified conditions," the minister explained. -0-
10/03/2023Carrefour Armenia plans to open about a dozen supermarkets in Armenia
... Carrefour Armenia (Majid Al Futtaim Group) Vache Arsen said today during a meeting with Armenia's Acting Minister of Economy Vahan Kerobyan. According to the ministry's press service, the meeting was held to discuss a new investment program, which Vache Arsen announced on April 21. According to the four-year development plan drawn up by Carrefour Armenia, the latter will expand its activities in Armenia, opening 10 comfortable supermarkets in Yerevan during the first year. “There is already a supermarket ...
04/30/2021Foreign direct investments in Armenia in 2022 may be about $1 billion- economy minister
... 25% and this is seen as a structural change of the economy. "The current ratio is about 18%. We have initiated numerous activities to achieve this. Soon the Investment Policy Strategy will be adopted and we believe that its application will ensure quite a large inflow of investments," said Kerobyan. He added that special attention is being paid to bringing to Armenia companies form the list of the largest 500 companies in the world. "These companies spend twice as much on scientific ...
02/09/2023Economy minister and IMF Mission Chief for Armenia discuss cooperation
... Minister Vahan Kerobyan received on Tuesday an IMF delegation led by Iva Petrova, Mission Chief for Armenia, the press service of the Ministry of Economy reported. It said at the meeting, which was also attended by IMF's Permanent Representative in Armenia Umang Rawat, Kerobyan presented the economic achievements of the recent years and the assistance tools implemented by the government. The sides also exchanged views on the activities, transparency and accountability of the state structures. They also discussed legislative amendments regarding the application and adoption of the corporate governance code. The parties also touched upon the possibility of IMF technical assistance ...
09/26/2023Armenia and Russia to create a joint portfolio of investment projects
Russia and Armenia have agreed to create a joint portfolio of investment projects, the Armenian ... .... According to it, the agreement was reached during Armenian Economy Minister Vahan Kerobyan and his Deputy Narek Teryan’s visit to Russia on April 10-12. On April 11... ... will be one of the tools to enhance cooperation. The interlocutors also touched upon activities within the EEU framework. It was noted that the current focus is on the macroeconomic...
04/12/2022Aviation is strategically important to Armenia – Pashinyan
Armenia attaches strategic importance to air transport service, since the country remains half-blockaded, Armenian Prime Minister ... ... government’s press office reports. Welcoming the idea of holding the Summit in Armenia, the prime minister pointed out that the activities of the Eurnekian family are highly appreciated in our country. “In these circumstances, air transport is especially ...
06/05/2019Armenia's trade turnover with EEU countries up 41% - Economy Minister
... YEREVAN, December 18. /ARKA/. Armenia's trade turnover with Eurasian Economic Union (EEU) member countries has surged by 41%, Economy Minister Vahan Kerobyan said on Monday. "We assume that this trend will continue into the next years," Kerobyan said at an extraordinary meeting of the Parliamentary Standing Committee on Regional and Eurasian Integration Issues. According to him, the Armenian government is taking steps to diversify foreign economic activities, in particular, to activate trade turnover in other, no less important directions. According to the National Statistical Committee, Armenia's trade turnover with the EEU members in January-October 2023 amounted to $5.7 billion, increasing by ...
12/18/2023Armenian economy minister and head of Russian Mosmetrostroy discussed construction of metro station in Yerevan
... Vahan Kerobyan received today the CEO of Russian Mosmetrostroy company Sergey Zhukov. Kerobyan was said to have briefed Zhukov on the planned construction of a new metro... ... the operation of the Yerevan-Tbilisi-Yerevan train. Zhukov presented his company's activities, noting that it is engaged not only in the construction of subway stations... ... road-building activity. He expressed hope that interesting projects will be implemented with Armenia and professional experience will be exchanged. On June 17 the Yerevan City Hall...
07/01/2022Agency publishes newsletter indicators of activities of Armenian insurance companies for 2nd q of 2009
ARKA News Agency published a regular quarterly newsletter “Indicators of the activities of insurance companies of Armenia” for the second quarter of 2009. YEREVAN, August 3. /ARKA/. ARKA News Agency published a regular quarterly newsletter “Indicators of the activities of insurance companies of Armenia” for the second quarter of 2009. The newsletter ...
08/03/2009Kerobyan: It's a "golden era" for developers in Armenia
... private and public sectors. YEREVAN, August 11. /ARKA/. Armenian Economy Minister Vahan Kerobyan told a government session today that "now is the golden era for construction... ... for companies because of the government subsidies. He recalled that on August 4 the Armenian government expanded the list of economic sectors that can benefit from a government-designed... ..., construction, transportation, warehousing, professional, scientific and technical activities, as well as health and public services in addition to agriculture and processing...
08/11/2022Armenian-German negotiations to be held in Yerevan in November
Germany is set to step up its activities in Armenia, German Ambassador to Armenia Viktor Richter said on Wednesday at an event dedicated to granting Armenia a loan for the ... ... Armenia for talks with Armenian counterparts on new programs ," Richter said. In his turn, Armenian Economy Minister Vahan Kerobyan noted at the event that relations between Armenia and Germany are developing quite actively. "Last year our bilateral ...
08/17/2023UNISEF must keep pace with dynamic rates of Armenia’s development
Below is an exclusive interview by UNISEF Representative in Armenia Sheldon Yett to the ARKA News Agency. Below is an exclusive interview by UNISEF Representative in Armenia Sheldon Yett to the ARKA News Agency. ARKA: What is your appraisal of UNISEF’s activities in Armenia in 2007? Yett: The year 2007 saw rather effective cooperation between UNISEF and Armenia’s Government and civil society, with which we are implementing joint programs. I would like to note that without cooperating with Armenia’s ...
03/26/2008EstateGuru opens technology center in Armenia (photos)
... marketplace facilitating property-backed short-term loans, has opened a technology center in Armenia. YEREVAN, February 10. /ARKA/. EstateGuru, the leading Pan-European... ... opening a technology branch in Armenia, and we are starting to officially engage in IT activities. Our main focus is on technical solutions, which we implement together with... ... support our development projects," said Yuzbashyan. Armenian Economy Minister Vahan Kerobyan, who attended the ceremony, also called the opening of the technology center...
02/10/2022Armenia's GDP grows by 6.4% in Q2 2024
Armenia's GDP grew by 6.4% in the second quarter of 2024 compared to the same period in 2023, the country’s National Statistical ... ... and €1,793. The report highlighted significant growth in several sectors compared to the second quarter of 2023. Real estate activities saw the highest increase at 19.7%, followed closely by wholesale and retail trade, and the repair of motor vehicles ...
08/20/2024No agreement on the extension of the mandate of the OSCE office in Yerevan reached
... stance Azerbaijan finds itself in a total isolation. The OSCE Chairmanship, participating States and the Secretariat support activities of the OSCE Office in Yerevan, and it is solely Azerbaijan that abuses the OSCE principle of consensus, single-handedly ... ... continuation of activities of the OSCE office in Yerevan thus opposing to the whole Organisation,’ Tigran Balayan, a spokesman for Armenian foreign ministry said in comments on recent discussions at the OSCE Permanent Council on OSCE Office in Yerevan. ...
05/05/2017Types of activities exempted from taxes in Armenia
According to of law "On tax benefits for self-employed persons" that entered into force on January 1, 2017, a number of activities in Armenia carried out by self-employed persons are exempt from taxes. YEREVAN, January 20. /ARKA/. According to of law "On tax benefits for self-employed persons" that entered into force on January 1, 2017, a number of activities in Armenia carried ...
01/20/2017Yerevan Mayor accuses former minister Kerobyan of telling a lie
... claiming that he failed to provide a report on the activities of the Armenian National Interest Fund (ANIF) when serving as Chairman of its Board. YEREVAN, 24 July. /ARKA/. Yerevan Mayor Tigran Avinyan accused today former Economy Minister Vahan Kerobyan of lying, when claiming that he failed to provide a report on the activities of the Armenian National Interest Fund (ANIF) when serving as Chairman of its Board. ‘For some reason, when people who once held high positions are deprived of them, they turn out to be the ‘flagships’ of truth; they always fought for the truth while everyone ...
07/24/2024U.S. government remains committed to supporting Armenia’s economic growth and security, Amassador Lynne M. Tracy says
... continued partnership. The ambassador said the U.S. government supports key programs in Armenia, including tourism, agriculture and regulatory reforms for an improved business enabling environment, as well as the water and energy sectors. Minister Vahan Kerobyan expressed confidence that in the near future the Armenian-American economic relations will intensify. During the meeting, the parties touched upon the activities of the Trade and Investment Council, and also attached importance to cooperation and dialogue in such areas as trade and investment, World Trade Organization, elimination of technical barriers to trade, sanitary and phytosanitary issues, GSP ...
12/15/2020Revaluation 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 ... ... insurance market, and we hope that new serious players will come to Armenia next year, and new insurance companies will launch their activities here. First of all, the matter concerns the HSBC Group, which plans to open its insurance company in Armenia. We have ...
02/04/2008Armenia's economic activity in October 2022 ups 17.5% - minister
... activity in October 2022 was 17.5% up from the same month of 2021, Economy Minister Vahan Kerobyan said today in a Facebook post. According to him, the 10-month index was up... ... the official numbers, released last week by the National Statistical Committee (NSC), Armenia's GDP grew by 14.8% year-on-year in the third quarter of the current year. Compared... ... motorcycles (20%), construction (19.9%), manufacturing (18%), administration and related activities (16.2%) and accommodation and catering (12.8%). Armenian government's initial...
11/25/2022Armenia intends to raise wine sales to new level
... sales to a new level, Acting Minister of Economy Vahan Kerobyan told reporters on Thursday after a government meeting. YEREVAN, July 22. /ARKA/. The government of Armenia intends to raise wine sales to a new level, Acting Minister of Economy Vahan Kerobyan told reporters on Thursday after a government meeting. According to him, winemaking is a rare sector, where the companies actively cooperate and plan their activities jointly, because they understand that Armenian wines should be advertised and presented abroad as well as possible. "In this regard, the Wine and Winemaking Foundation has developed a new 5-year plan to promote Armenian wines abroad and raise their sales to a completely new level," ...
07/22/2021Arka news agency publishes newsletter indicators of activities of Armenian banks for q3 of 2009
ARKA News Agency published a regular quarterly newsletter “Indicators of activities of banks of Armenia” for the third quarter of 2009. YEREVAN, December 10. /ARKA/. ARKA News Agency published a regular quarterly newsletter “Indicators of activities of banks of Armenia” for the third quarter of 2009. The bulletin is based on press ...
12/11/2009ARKA News Agency publishes newsletter indicators of activities of Armenian banks for 2nd q of 2009
ARKA News Agency published a regular quarterly newsletter “Indicators of activities of banks of Armenia” for the second quarter of 2009. YEREVAN, September 7. /ARKA/. ARKA News Agency published a regular quarterly newsletter “Indicators of activities of banks of Armenia” for the second quarter of 2009. The bulletin is based on press ...
09/08/2009The first stage of baseline survey of opinion leaders to be over in august
... and Mostra Communication implements a project "Opinion Polling and Research" (OPPOL) in 15 ENP countries including Armenia from Marc YEREVAN, August 25, /АRКА/. Within the framework of the European Neighborhood Policy (ENP) initiative, ... ... policies and actions across or shift opinion; to provide a reliable research basis for the EU-related communication and information activities in beneficiary countries. Currently Ameria implements the Baseline Studies. Seven categories of Opinion leaders (top ...
08/26/2009Pashinyan: Armenia's external and internal security is the priority of all priorities
On December 19 Armenian Prime Minister Nikol Pashinyan attended a gala event on the occasion of National Security Officer’s Day. Addressing the audience, the Prime Minister said the activities of the National Security Service are closely related to the interests and security of all citizens of the Republic of Armenia without exception. YEREVAN, December 20. /ARKA/. On December 19 Armenian Prime Minister Nikol Pashinyan attended ...
12/20/2019ARKA News Agency publishes newsletter on Armenian insurance companies for Q3 of 2009
ARKA News Agency published a regular quarterly newsletter “Indicators of activities of insurance companies of Armenia” for the third quarter of 2009. YEREVAN, December 11. /ARKA/. ARKA News Agency published a regular quarterly newsletter “Indicators of activities of insurance companies of Armenia” for the third quarter of 2009. The bulletin is ...
12/11/2009Armenian Ardshininvestbank to mark 5th anniversary of activities in Armenia next year
The Ardshininvestbank (Armenia) is to mark the 5th anniversary of its activities in Armenia next year. YEREVAN, December 26. /ARKA/. The Ardshininvestbank (Armenia) is to mark the 5th anniversary of its activities in Armenia next year. Board Chairman Aram Andreasyan reported that during its 5-yeear-long activities in ...
12/26/2007President 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 ... ... Committee. The President of Armenia expressed hope that Armenia’s Presidency at the CE Ministerial Committee has promoted CE activities and expressed gratitude to the Secretary General of the Council of Europe for his constant support throughout Armenia’s ...
10/21/2013Canadian Dundee precious metals sees great potential in Kapan mine in Armenia
The Canadian Dundee Precious Metals sees a great potential in Kapan mine in Armenia, said the company’s President Jonathan Goodman. In 2006 the company purchased the mine to launch activities in gold, zinc and copper mining industries. YEREVAN, November 28. /ARKA/. The Canadian Dundee Precious Metals sees a great potential in Kapan mine in Armenia, said the company’s President Jonathan Goodman. In 2006 the company purchased ...
11/29/2007Warren Buffett: strategist, forecaster or lucky guy
... as a rather conservative player, but not because of the fear of risks, but because of the desire to fully study the company's activities and analyze the dynamics of assets. Buffett advises choosing issuers, whose goals and product inspire trust and respect,... ... article was prepared within the framework of the joint project "The Year of Investing in Oneself" by ARKA, AMI Novosti-Armenia news agencies and Freedom Broker Armenia .
05/24/2024Pashinyan: we need educational program that promotes development
Chaired by Prime Minister Nikol Pashinyan, the Government of Armenia discussed the budget allocation bid for FY2020, submitted by the Ministry of Education, Science, Culture and Sport, the ... ... Sport, the government press office said. It said the discussion revolved around the priorities, primary tasks and the planned activities to be implemented as part of reforms in 2020. The meeting first focused on the problems faced in the field of general ...
12/19/2019WB approves US$55 million loan for Armenia’s local economy development project
... Executive Directors approved today a US$55 million loan for the Local Economy and Infrastructure Development Project (LEIDP) for Armenia to improve infrastructure services and institutional capacity for increased tourism contribution to the local economy ... ... development. “As demonstrated around the world, with careful strategic planning and relatively modest public investments, tourism activities can be nurtured into a critical source of economic and employment growth at the local level,” says Laura E. Bailey,...
12/23/2015Great Britain to continue activities in Armenia, ambassador says
Great Britain has no intention to break off activities with Armenia, but further bilateral cooperation mainly depend on the country’s internal political situation and economic progress. YEREVAN, May 16. /ARKA/. Great Britain has no intention to break off activities with Armenia, but further bilateral cooperation ...
05/17/2008Shell brand is already in Armenia: first fuel stations put into operation
On June 29, 2023, Royal Oil, official licensee of Shell brand in Armenia, launched the first two Shell branded fuel stations , at 6/3 and 15/1 of Artashat ... ... Artashat Highway in Yerevan. Among the guests of the official opening ceremony were Vahan Kerobyan, RA Minister of Economy; Tigran Avinyan, Deputy Mayor of Yerevan; Kai-Uwe Witterstein... ... service at fuel stations, so after long studying the international experience, the activities of various organizations and the offers of the world's leading companies...
06/30/2023Armenia to allocate AMD 2.5 billion to cushion economic consequences of COVID-19
The Armenian government approved yesterday the 20th program to cushion the economic consequences of COVID-19. Minister of Labor and ... ... clubs, swimming pools), organizers of entertainment and recreation, cinemas, photo studios, car rentals and others subjects, activities in the field of education, culture, music, sports and dance, creative activities as well as arts and casino activities....
06/19/2020Ministry of education, science, culture and sport budget allocation bid discussed in government
Chaired by Armenian Prime Minister Nikol Pashinyan, the Government discussed December 18 the budget allocation bid for FY2020, submitted ... ... Culture and Sport, the government said. It said the discussion revolved around the priorities, primary tasks and the planned activities to be implemented as part of reforms in 2020. The meeting first focused on the problems faced in the field of general ...
12/19/2019Armenian law introduces mechanism of ‘notification’ for some types of businesses
Last Friday the Armenian parliament passed in the third and final reading a set of amendments to the law "On enterprises and entrepreneurial activities" and a package of other relating bills. YEREVAN, November 16. /ARKA/. Last Friday the Armenian parliament passed in the third and final reading a set of amendments to the law "On enterprises and entrepreneurial activities" ...
11/16/2015ARKA agency publishes quarterly bulletin “indicators of activities of Armenian banks” in 3rd Q 2007
ARKA information agency published its quarterly bulletin “Indicators of the activities of Armenian banks” as of the end of 3rd quarter of 2007. YEREVAN, November 1. /ARKA/. ARKA information agency published its quarterly bulletin “Indicators of the activities of Armenian banks” as of the end of 3rd quarter of 2007. The bulletin ...
11/02/2007Armenia can aim for several "billion-dollar" export activities by attracting more investment - UNCTAD
Armenia can aim for billion-dollar export sales over the next 10 to 20 years in several activities that, if properly leveraged through effective investment promotion, could help concretize the economic revolution promised by the country’s authorities, according to UNCTAD’s investment policy review (IPR) of the country. YEREVAN, ...
11/14/2019Armenian 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 ... ... another, is of fundamental nature. The Parties confirm their mutual obligation to refrain from participating in any actions, activities, as well as unions and alliances directed against the sovereignty, independence and territorial integrity of the other ...
04/15/2024Armenia slams attempts by some countries to politicize BSEC activities
Armenia’s Deputy Foreign Minister Karen Nazaryan slammed today the attempts by some countries to politicize the Black Sea Economic Cooperation (BSEC) organization’s activities describing them as ‘unacceptable’. YEREVAN, June 27. /ARKA/. Armenia’s Deputy Foreign Minister Karen Nazaryan slammed today the attempts by some countries to politicize the Black Sea Economic Cooperation (BSEC) organization’s ...
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