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Sanitek blames Yerevan authorities for breaching contractual obligations
YEREVAN, April 22. /ARKA/. Sanitek, the company in charge of garbage removal in Yerevan, in response to the government’s recent decision to allow the city municipality to purchase 15 garbage-removing vehicles, has provided its own explanations over the garbage imbroglio in Armenia’s capital ...
04/22/2019GeoProMining invests $1,5mn to Armenian social projects in 2011
... events? R.Khudoly- GPM pays great attention to preserving national traditions, culture and art in all the regions it operates. We were one of the general sponsors of the celebrations dedicated to the 20th anniversary of independence in Armenia. The company also actively participated in organizing and preparing celebration events. When visiting Yerevan GPM administration never misses the opportunity to get introduced with the historical heritage of the Armenian nation. At the end of the last year when I visited Armenia with Siman Viktorovich ( Siman Povarenkin, the chairman of GPM Board of Directors ...
02/10/2012Analysing the company: a guide for the investor
This article explains how investors can research the market and find a company that matches their plans and objectives YEREVAN, 12 September. /ARKA/. The start-up phase in any new business is difficult and interesting. It is at this point that you need to clarify as many details as possible for yourself - even the ‘simple’ and ‘obvious’ ones - and set guidelines....
09/12/2024National Mortgage Company has refinanced 11,000 mortgage loans over 10 years
... become possible thanks to significant improvement in mortgage lending terms, which was mainly due to the government programs. YEREVAN, July 22. /ARKA/. Mortgage lending in Armenia has gained an unprecedented momentum. According to the Central Bank of Armenia,... ... country now, which implement various mortgage programs either with the government subsidizing or without it. The National Mortgage Company Refinancing Credit Organization is one of them. In his exclusive interview with ARKA News Agency, Edmond Vardumyan, Executive ...
07/22/2019Situation in Nemiroff company stabilizing
... Company said today that everything in the company is back to normalcy. The director of its Russian office was reinstated in his position, and a debt of $14.7 million for supplies to DP UVK Nemiroff is set to be repaid, it said in a press release. YEREVAN, August 20. / ARKA /. Nemiroff Company said today that everything in the company is back to normalcy. The director of its Russian office was reinstated in his position, and a debt of $14.7 million for supplies to DP UVK Nemiroff is set to be repaid, it said in a press release. On August ...
08/20/2013HSBC Bank Armenia awards its Trade Finance Best Customers
... business has been selected to be recognized in this category. ARPANIV LLC was established in 2003. The company is engaged in import, wholesale and retail trade of tires and batteries produced in Russia, Ukraine, USA, Japan and other Asian countries in Yerevan and other regions of Armenia. The company is also trying to enter foreign markets and currently succeeds with supplying products to Georgia and USA. The company is HSBC Armenia’s borrowing customer since 2008 and during these years has demonstrated growth by expanding the business to ...
06/15/2016The company “Maxtronic” plans to increase in 2012 its turnover six times, up to $7 million in Armenia
The company “Maxtronic” plans in 2012 to increase turnover six times in the Armenian market up to $7 million, press service of the company informed ARKA News Agency. YEREVAN, March 14. /ARKA/. The company “Maxtronic” plans in 2012 to increase turnover six times in the Armenian market up to $7 million, press service of the company informed ARKA News Agency. “Due to the increasing number of the offered brands, as well as in the result ...
03/14/2012Ara Grigoryan to become Yerevan Brandy Company CEO on July 1
Ara Grigoryan, vice-president of Pernod Ricard Eastern Europe and chairman of the Yerevan Brandy Company's board, will become also the company's CEO on July 1, and Ignat Arakelyan, deputy executive director, will take up the post of the Chief Operating Officer, the company's press office reported on Friday. YEREVAN, April 3. /ARKA/. Ara Grigoryan,...
04/03/2015How to invest in shares and make profits: a guide from Unibank Invest
... more and more people are considering investing in shares, especially with the growing popularity of large public companies. YEREVAN, 10 October. /ARKA/. Today, more and more people are considering investing in shares, especially with the growing popularity ... ... investor as an investment facility? N. Gharibyan - Shares are securities that give their owner the right to a share in the company. In addition, the owner of the share gains the right to vote at the shareholders' meeting and, depending on the type of ...
10/10/2024Armenia Wine Company's 2019 achievements and 2020 priorities
The Armenia Wine Company, which started in 2006, has become a symbol of modern Armenian winemaking thanks to its award-winning wines, exemplary vineyards and state-of-the-art technologies. YEREVAN, January 14. / ARKA /. The Armenia Wine Company, which started in 2006, has become a symbol of modern Armenian winemaking thanks to its award-winning wines, exemplary vineyards and state-of-the-art technologies. Summing up the exciting results achieved in 2019, the company is embarking on a ...
01/15/2020Armenia Wine Company hosted My Step for Aragatsotn Marz business forum
... October 12, 2019 the Armenia Wine Company hosted the 'My Step for Aragatsotn Marz' business forum with Prime Minister Nikol Pashinyan, members of the government, National Assembly deputies, dignitaries and entrepreneurs participating in the event. YEREVAN, October 15. /ARКА/. On October 12, 2019 the Armenia Wine Company hosted the 'My Step for Aragatsotn Marz' business forum with Prime Minister Nikol Pashinyan, members of the government, National Assembly deputies, dignitaries and entrepreneurs participating in the event. The forum was held under the auspices ...
10/15/2019Armenian “Armavia” goes bankrupt: future of national air traffic under question
According to official information released Thursday, Armenian national air company Armavia made a decision to cease its flights as from April 1st 2013 and start a bankruptcy procedure. YEREVAN, April 2. /ARKA/. According to official information released Thursday, Armenian national air company Armavia made a decision to cease its flights as from April 1st 2013 and start a bankruptcy procedure. For the second time an Armenian national air carrier goes into bankruptcy: Armenian Airlines turned bankrupt in 2003. Armavia is starting a bankruptcy ...
04/02/2013Armenia’s economic court starts considering claim against Armentel, Vympelcom
The RA Economic Court has started considering a claim lodged by the Bi Line IT-Company against the ArmenTel and Vympelcom telecommunication companies. YEREVAN, November 7. /ARKA/. The RA Economic Court has started considering a claim lodged by the Bi Line IT-Company against the ArmenTel and Vympelcom telecommunication companies. The Armenian company claims that the aforementioned companies are using ...
11/08/2007Armenian Water Company to ensure round-the-clock water supply all over republic by 2023
Armenian Water Company is to ensure round-the-clock water supply all over the republic by 2023, Patrick Laurent, general director of the company, said on Monday at a news conference. YEREVAN , October 8. /ARKA/. Armenian Water Company is to ensure round-the-clock water supply all over the republic by 2023, Patrick Laurent, general director of the company, said on Monday at a news conference. He said Armenian Water Company is ready for that, by inputting its plans into reality,...
10/09/2007Yerevan Chocolate Company to export $6 million worth produces in 2021
The Yerevan Chocolate Company plans to export $6 million worth produces in 2021, and to bring their sales to $20 million in 2024, a senior executive of the company said to Minister of Economy Vahan Kerobyan, who paid a visit to the company today. YEREVAN, February 22. ...
02/22/2021Yerevan brandy company maintains last year output and increases profit by 14% in 2008/2009
... 2008/2009 financial year. The company continues providing a full social security package to its employees, including health insurance, life insurance and insurance against accidents. As a result of the audit carried out by a prestigious international audit company, Yerevan Brandy Company received ISO 14001 environment management system certificate and OHSAS 18001 human health and safety certificate. Yerevan Brandy Company was founded in 1887. The modern factory complex was put in operation in 1953. In June 1998 ...
09/12/2009Armenian-Latvian company “Interclean” to invest 1 million euro in the next 2 years
... General Director of the company Manush Melkumyan informed. “Today our investments make about 50 thousand euro and we plan to increase this figure to million in two years”, said Melkumyan during the presentation of “Interclean” in Yerevan. The company “Interclean” is a representative of Latvian company “Cleanhouse” in Armenia which has about 15 years of experience in the sphere of technical service and cleaning of territories. The ratio of Latvian and Armenian investments ...
09/14/2011Yerevan brandy company completes grape procurement in the Ararat valley
YEREVAN, October 4. / ARKA /. The French-owned Yerevan Brandy Company said it has completed purchase of grapes from winegrowers in the Ararat Valley. According to a company’s press release, it has bought a total of 33,298 tons of grapes. The company said although it had bought as much grape from the valley ...
10/04/2013What is IPO and whether it is possible to make money on it
In this article we are talking about the company's entry to the market, participants of the process and ways to get profit YEREVAN, 24 September. /ARKA/. Buying securities is one of the most common ways to invest. Often people want to invest in the business of well-known and large issuers. This is the most reliable and understandable way. However, there is a natural question: ...
09/24/2024Multimillionaire Carolyn Rafaelian sues Bank of America and seeks $1.1 billion
... Ani, the Rhode Island-based jewelry company founded by multimillionaire Carolyn Rafaelian, has filed a suit against the Bank of America, one of its lenders, saying it is violating federal law by engaging in gender discrimination against the women-led company, Forbes reports. YEREVAN, July 30. /ARKA/. Alex and Ani, the Rhode Island-based jewelry company founded by multimillionaire Carolyn Rafaelian, has filed a suit against the Bank of America, one of its lenders, saying it is violating federal law by engaging in gender discrimination ...
07/30/2019New stockholder of Air Armenia invests $68.6 million in the company
Bonds worth a total of $68.6 million have been invested in Air Armenia by the stockholder of the company, “East Prospect Fund”, the press office of Air Armenia reports. YEREVAN, August 14. /ARKA/. Bonds worth a total of $68.6 million have been invested in Air Armenia by the stockholder of the company, “East Prospect Fund”, the press office of Air Armenia reports. These funds are now owned by Air Armenia that can ...
08/14/2015Bank VTB (Armenia), Armenian water and sewerage company award four best subscribers
Bank VTB (Armenia) and Armenian Water and Sewerage Company awarded four most honest subscribers of the company Thursday. YEREVAN, October 24. /ARKA/. Bank VTB (Armenia) and Armenian Water and Sewerage Company awarded four most honest subscribers of the company Thursday. The winners of the competition are Hripsime Zhamgaryan from Gavar, Arevik Davtyan from Echmiadzin, Ruben ...
10/24/2008Winners of abstract competition receive prizes from “Rosgosstrakh Armenia”
The results of an insurance abstract competition among students held by “Rosgosstrakh Armenia” company were announced in Yerevan Wednesday. YEREVAN, November 8. /ARKA/. The results of an insurance abstract competition among students held by “Rosgosstrakh Armenia” company were announced in Yerevan Wednesday. Four winners out of 27 participants received prizes ...
11/08/2012Gift up to AMD 40,000: Rostelecom presents new, unprecedented special offer
... telecom company (trading as Rostelecom Armenia) has unveiled today a special offer, saying that in case of joining the company's services starting from April 6, subscribers will receive a gift of up to 40,000 drams in their subscription account. YEREVAN, April 6. /ARKA/. GNC Alfa telecom company (trading as Rostelecom Armenia) has unveiled today a special offer, saying that in case of joining the company's services starting from April 6, subscribers will receive a gift of up to 40,000 drams in their subscription account. The special offer ...
04/06/2023Ucom remains without management: over 400 employees, including founders and technical staff, leave
More than 400 employees at Ucom, a telecommunication company in Armenia, have submitted their resignations, a source in the company told the telecommunications portal Telecom.arka.am. YEREVAN, April 10. /ARKA/. More than 400 employees at Ucom, a telecommunication company in Armenia, have submitted their resignations, a source in the company told the telecommunications portal Telecom.arka.am . The Operator without Employees Information ...
04/10/2020Armenia’s Akila Technics to start providing technical services to aircrafts in Zvartnots Airport
Akila Technics, a company of Akila Group, which is based in Zvartnots Airport, is the first Armenian company to provide aircrafts with technical services. YEREVAN, July 16. /ARKA/. Akila Technics, a company of Akila Group, which is based in Zvartnots Airport, is the first Armenian company to provide aircrafts with technical services. Karen Avdalyan, the founder of Akila, told journalists on Tuesday that aircrafts in Armenia had been served by ...
07/16/2014The company “Vitamax-E” plans to expand the production volumes due to the credits in 300 million drams
... plans to implement the program on the expansion of production volumes and organization of new production, press-service of the Government of Armenia informed ARKA News Agency based on the results of the visit of Armenian Premier Tigran Sargsyan to the company. YEREVAN, March 14. /ARKA/. Pharmaceutical company “Vitamax-E” plans to implement the program on the expansion of production volumes and organization of new production, press-service of the Government of Armenia informed ARKA News Agency based ...
03/14/2012Net profit of INGO Armenia insurance company planned at 200mln drams in 2009
Net profit of INGO Armenia insurance company is expected to be 200mln Drams in 2009 against the target level of 400mln Drams, Executive Director of the company Levon Altunyan said in his interview to ARKA Agency. YEREVAN, May 29. /ARKA/. Net profit of INGO Armenia insurance company is expected to be 200mln Drams in 2009 against the target level of 400mln Drams, Executive Director of the company Levon Altunyan said in his interview to ARKA Agency. The company is ...
05/29/2009Russian railways to deliver eight locomotives to Armenia
The Russian Railways Company is to deliver eight electric locomotives to Armenia within the next two months, RA Minister of Transport and Communications Gurgen Sargsyan told reporters. YEREVAN, June 3. /ARKA/. The Russian Railways Company is to deliver eight electric locomotives to Armenia within the next two months, RA Minister of Transport and Communications Gurgen Sargsyan told reporters. Under the concession agreement the Russian side is to make its initial investments in ...
06/04/2008From Dream to Goal: Ohanyan Brandy Company (video)
... other fruit vodkas. It has created a unique technology for aging fruit vodkas according to a special technology. In 2018, the factory started production of cognacs; the cellars for aging cognac and fruit spirits were expanded. In 2023 Ohanyan Brandy Company opened a new factory in Yerevan and continued its work here. Acba Leasing became its partner in Yerevan, with the support of which it was replenished wit the most modern equipment, the press service of Acba Bank reported. "Our company is the first company that started producing ...
11/22/2023Spayka LLC threatens with its procurement failure
... Ghazaryan’s pre-trial arrest. Ghazaryan denied the accusations when speaking at a news conference before the court hearings last Friday. He argued that the 5.5 billion drams of the alleged amount of evaded taxes are VAT that must be returned to the company in accordance with the legislation. On Monday, a court in Yerevan allowed his arrest for two months. “I don’t think that any company should speak to a citizen of Armenia, a village resident or the government in the language of blackmail. This is a very bad modus operandi. This means that any company can ...
04/10/2019Sanitek company head denies rumors about sabotage
... /ARKA/. Nicholas El Tawil, the head of Sanitek waste management company and one of its owners, speaking Friday at a news conference, said the garbage removal problems in Yerevan are due to appearance of new circumstances. Garbage began accumulating in Yerevan in late July. The city residents noticed the garbage-removing company’s idleness. Many media resources came to conclusion that the problem came as conspiracy aimed at obstruction of the city life after Taron Margaryan’s resignation as city mayor. Tawil said that the company faced some problems soon after signing ...
09/14/2018The company GPM organized a holiday for the children of employees of its companies in Armenia
... 2012”, he said. Head of Department of External Relations of GPM in Armenia Ruzanna Grigoryan said that the holiday was prepared thoroughly. A special program was developed, presents selected, as well as provided transport as the company is far from Yerevan. “The company also takes care of its professional staff and this event is the best of any words, showing the attitude of GPM towards its employees. For the next year we have prepared a special program for the children of our employees, including a number of ...
12/27/2011Philip Morris international brands have 16.4% share of Yerevan cigarette market
... This January-April the sales totaled 1.48bln cigarette sticks in Armenia – 22.4% less than the targeted number. This January-April we registered a decrease of 11.2% in sales as compared with the corresponding period last year. Question: Which company brand is most popular in Armenia? Answer: L&M brand family has the highest 4.5% market share of Yerevan cigarette market among PMI brand portfolio (AC Nielsen March-April 2009). Question: How does the company evaluate the competition in Armenian tobacco market? Answer: Armenia is a highly competitive market. It is also a very dynamic market. The ...
07/06/2009Yerevan brandy company to purchase 35,000 tons of grapes this year
... The total investment for this project amounted to 1.635 billion drams. Work on the new distillation shop will begin on November 1. At the moment, the new devices are not intended to replace, but to supplement the existing distillation capacity, the company said. Yerevan Brandy Company, the exclusive producer of ARARAT Brandies is the direct successor of Armenian brandy-making traditions, established in 1887. It is the biggest taxpayer of the field and the biggest grape buyer. In 1999 Yerevan Brandy Company joined ...
09/04/2015Investment products: basic concepts, features of instruments, pros and cons
... to look into a variety of options, assess their advantages and disadvantages. Let's look at the main investment products. YEREVAN, January 24. /ARKA/. An effective investment strategy implies the right choice of financial instruments based on one’s ... .... Let's look at the main investment products. Shares are securities by purchasing which an investor receives a share of the company and a portion of the profits, essentially becoming a co-owner. Shares are divided into two types: common and preferred....
01/24/2024ANIF’s new contribution in Armenia's agricultural sector
Armenian National Interests Fund (ANIF) said today its subsidiary “Entrepreneur + State” Investments Fund is launching a new investment project jointly with the “K&G” company. YEREVAN, December 16, /ARKA/. Armenian National Interests Fund (ANIF) said today its subsidiary “Entrepreneur + State” Investments Fund is launching a new investment project jointly with the “K&G” company. The joint project “Berrymount” company ...
12/16/2022Armenia Wine to release a brandy to be proud of
With more than 11 years of prevailing presence in the Armenian and international markets, Armenia Wine Company will soon release a new brandy brand. YEREVAN, June 21, /ARKA/ With more than 11 years of prevailing presence in the Armenian and international markets, Armenia Wine Company will soon release a new brandy brand. According to a company’s press release, the new brandy tends to comprise the ...
06/21/2019Armenia Air Company introduces Aero Mart air ticket booking system
Armenia Air Company has sealed an agreement with Accel Aero, a prominent Arab company, to introduce Aero Mart air ticket booking system, the press office of the air company reported on Tuesday. YEREVAN, June 29. /ARKA/. Armenia Air Company has sealed an agreement with Accel Aero, a prominent Arab company, to introduce Aero Mart air ticket booking system, the press office of the air company reported on Tuesday. Before signing this agreement,...
06/29/2016Armenia Air Company to operate flights to 17 destinations – economy ministry
Armenia Air Company has received a certificate for operating regular flights. YEREVAN, March 21. /ARKA/. Armenia Air Company has received a certificate for operating regular flights. The air company is planning to operate flights to 17 destinations. The Armenian economy ministry will monitor fulfillment of the company’s contractual obligations. Armenia Air Company ...
03/21/2016$14.5 million invested by International Masis Tabak over last five years in new equipment
International Masis Tabak LLC has invested $14.5 million in modern equipment over the last five years, Lusine Gevorgyan, executive director of the International Masis Tabak, said Saturday as Armenian President Serzh Sargsyan visited the company as part of his Ararat province tour. YEREVAN, November 7. /ARKA/. International Masis Tabak LLC has invested $14.5 million in modern equipment over the last five years, Lusine Gevorgyan, executive director of the International Masis Tabak, said Saturday as Armenian President Serzh Sargsyan ...
11/09/2015Armenian water-sewerage company to implement several programs with WB, ADB and EBRD for total $92 million
Armenian Water-Sewerage Company implements a number of programs in Armenia in conjunction with the World Bank, Asian Development Bank and European Bank for Reconstruction and Development for a total of $ 92 million, General Director of CJSC Armenian Water YEREVAN, September 17. / ARKA /. Armenian Water-Sewerage Company implements a number of programs in Armenia in conjunction with the World Bank, Asian Development Bank and European Bank for Reconstruction and Development for a total of $ 92 million, General Director of CJSC Armenian Water-Sewerage Company Patrick ...
09/18/2009Tender for concession of Armenian railway completed
A tender for concession of the Armenian Railway was completed on Tuesday. YEREVAN, January 15. /ARKA/. A tender for concession of the Armenian Railway was completed on Tuesday. The press service of the RA Ministry of Transport and Communication reports that the only participant in the tender is the Russian Railways Company, as the second participant, Indian RITES, which was prequalified, refused to take further part in the tender. The winner is to be announced at a news conference on Wednesday. President of the Russian Railways Company Vladimir Yakunin is expected ...
01/15/2008Yerevan Brandy Company to increase grape purchasing price
The Yerevan Brandy Company (YBC) said today it will increase the price of the purchased grape by 10 AMD. YEREVAN, September 3. /ARKA/. The Yerevan Brandy Company (YBC) said today it will increase the price of the purchased grape by 10 AMD. According to a press release,...
09/03/2018Yerevan Brandy Company starts grape purchase
... The total investment for this project amounted to 1.635 billion drams. Work on the new distillation shop will begin on November 1. At the moment, the new devices are not intended to replace, but to supplement the existing distillation capacity, the company said. Yerevan Brandy Company, the exclusive producer of ARARAT Brandies is the direct successor of Armenian brandy-making traditions, established in 1887. It is the biggest taxpayer of the field and the biggest grape buyer. In 1999 Yerevan Brandy Company joined ...
09/07/2015Beeline sales office opened in Yerevan, Armenia
The Beeline Company (the brand of the VimpelCom Company, Russia) has opened its first sales office in Yerevan. YEREVAN, April 7. /ARKA/. The Beeline Company (the brand of the VimpelCom Company, Russia) has opened its first sales office in Yerevan. Speaking at the opening ceremony, Acting Chie Executive Officer (CEO) of the ArmenTel Company (Armenia), fully owned by the VimpelCom Company, Genady Kalgashkin ...
04/08/2008Armenia Air Company points its prices
Armenia Air Company, along with Georgian Airways, is embarking on operation of Yerevan - Tel Aviv - Yerevan and Yerevan – Tbilisi – Yerevan flights, the pres office of the Armenian air company reported on Thursday. YEREVAN, May 19. /ARKA/. Armenia Air Company, along with Georgian Airways, is embarking on operation of Yerevan - Tel Aviv - Yerevan and Yerevan – Tbilisi – Yerevan flights, the pres office of the Armenian air company reported on Thursday. According ...
05/19/2016EstateGuru opens technology center in Armenia (photos)
... Armenia. YEREVAN, February 10. /ARKA/. EstateGuru, the leading Pan-European marketplace facilitating property-backed short-term loans, has opened a technology center in Armenia. Co-founder and Chairman of EstateGuru Marek Partel spoke about the company’s mission and operations before the opening ceremony of the center in Yerevan. According to him, the idea of creating such a platform was prompted by situations when companies had to slow down their operations due to inability to swiftly get a loan. "EstateGuru is a company with eight years of experience. Our flagship ...
02/10/2022“Yerevan-jur” informs about overfull filled of the terms of the agreement on continuity of water supply to 88.6%
The company “Yerevan-jur” in five years of its activity overfull filled the terms of leasing regarding continuation of water supply in Yerevan, said Legal Director of the company Artak Malkhasyan. YEREVAN, September 27. /ARKA/. The company “Yerevan-jur” ...
09/27/2011"Rostelecom Armenia" rebrands to "OVIO".
... market in 2009 under the GNC-ALFA brand, having built over 3,000 kilometres of backbone network and becoming the largest player in the wholesale internet market, significantly reducing the market price for wholesale internet in Armenia. Since 2012, the company has continued its operations under the Rostelecom brand, introducing "Optics to Every Apartment" technology in Yerevan and marzes, thus ensuring digital equality and promoting healthy competition in the market of internet and digital TV services. Until 2024, the company invested over AMD 37 billion in Armenia and paid AMD 14 billion in taxes. With the new brand,...
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