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Iranian house of innovation to open in Armenia
... technology, said in February that last year, knowledge-based companies gained about $800 million in revenue from export, and next year (March 21), it seems to reach up to $2 billion. Africa, neighboring countries, Southeast Asia and Eurasia are our export target priorities, and we hope to create Iranian innovation and technology in all these areas, he added. -0-
06/01/2022World Bank to lend US$50 million to Armenia for improvement of investment and export promotion services
... structure of export basket will do little to mitigate the country’s vulnerability to global competition and will lead to a lower growth trajectory. In addition, Armenia’s national quality infrastructure suffers from substantial weaknesses that hinder technology upgrading and undermine the competitiveness of its exports. “Trade is a key driver of growth in the transition to high income. This project will support policies and programs aiming at upgrading Armenia’s physical, human and institutional assets which are crucial to sustained export competitiveness,...
07/03/2014Production of export-oriented goods and services to become basis of Armenia’s economic development model
... drastically the business environment and is negotiating also a deep comprehensive free trade agreement with the European Union. He said along with this the government should implement a specific economic policy by identifying and encouraging companies with export potential and stimulate also the arrival of foreign companies and advanced technology o Armenia. “The Armenian market is very small and this is why working only for local market is not perspective, while foreign markets offer unlimited opportunities. This is why we should support and encourage export-oriented sectors,’ ...
12/13/2010EstateGuru opens technology center in Armenia (photos)
EstateGuru, the leading Pan-European marketplace facilitating property-backed short-term loans, has opened a technology center in 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 ...
02/10/2022GPM GOLD company’s annual output may reach 1 million tons by 2013
... level. The thing is that instead of 40-70% that were expected to be extracted from ores, we actually got only 30 to 38%. This had an adverse impact on the economy and showed again the necessity to speed up the reconstruction of the plant, since the technology that is being applied now is unfit for the mine, where 70% of ore is sulphide ore. This urgent reconstruction is needed for more effective extraction and development of the mine. Despite all, we ended the past year in not so bad results, reaching ...
03/10/2011Top ten economic events in Armenia in 2011 as seen by ARKA News Agency
... legal framework for the implementation of economic activity and creation of a favorable economic environment and help solve export-related problems. Within one to two years Armenia is supposed to concentrate on the formation of two free economic zones ... ... Development Bank, Eurasian Bank, and also means from the Diaspora, for whom the bank will issue bonds. 6. Introduction of Albion technology at Ararat gold recovery plant On July 16 the international group of mining companies GeoProMining (GPM) kicked the ...
12/27/2011Top 5 areas for investment in 2024
... factors is important both for assessing the current situation and for forecasting. Industries with high investment potential Based on the results of the first quarter of 2024, we can identify the five most attractive market sectors for investment 1. Technology The growth potential, innovativeness, inclusion in business and everyday life make the technology sector an optimal investment destination. The technology sector includes companies dealing with software and hardware, electronics, internet ...
07/25/2024GPM GOLD plans to increase annual gold production to 150,000 ounces from 2014
... and began developing sections of the Sotk deposit which were considered unpromising. As a result, in 2010 we took the risk and started development of Gabromassiv bloc that gave us an opportunity to work quietly and wait for the introduction of Albion technology. Q. How much did the company invest in 2011, including investment in introduction of Albion technology at Ararat gold recovery factory? A. In 2011 our combined investments totaled $17.8 million. To date, the main focus in our investment ...
03/20/2012Region's largest technology exhibition DigiTec 2022 will be held in Yerevan in autumn
The region's largest annual technology exhibition DigiTec Expo-2022 will be held in Yerevan this year from September 30 to October 2, the organizer of the event, the Union of Advanced Technology Enterprises, said today. YEREVAN, June 6. /ARKA/. The region's largest annual technology ...
06/06/2022Armenia can aim for several "billion-dollar" export activities by attracting more investment - UNCTAD
... blueprint on how to move forward in a sustainable and committed way.” Promoting inclusive growth Beyond measures to tap the export potential through investment, the IPR includes the broader policy objective of promoting inclusive growth and sustainable ... ... industry, and extending benefits of tourism to areas outside the capital Yerevan. The IPR also shows ways to deepen the high-technology sector and make Armenia a leading hub for innovation, data science and artificial intelligence. It outlines how to ...
11/14/2019Third annual technology DigiCamp to run from July 6 to July 16 in Dilijan
The third annual technology DigiCamp, organized by ArmenTel telecom (trading as Beeline) and the Union of Information Technology Enterprises (UITE), will bring together dozens of young people aged 14 to 22 from July 6 to July 16 in the resort town of Dilijan, ArmenTel ...
07/02/2015Armenia should enhance wine tourism
... wines in the global market cost about 2.5 euros a liter. Our wines in this segment are competitive, but the question is that due to geopolitical and transport obstacles we can not export them to Europe and sold at low prices. Thus, it makes sense to export wines costing 4-7 euros, but we can not enter this market. We can not either enter the market of more expensive wines costing 10-15 euros because of poor technology, raw materials and the quality of grapes. Regarding the brandy market, forecast are also disappointing. The fact is that over the last twenty years we have been seeing a continuous decrease in the quality of Armenian brandy. The farmers can ...
05/15/2012Armenian venture capital community and banks have a good understanding of what the cryptocurrency industry is all about, says Binance CIS regional director
... $3,000, then there was a new ‘bullish’ cycle with a record of $68,000, and so on. So there's no need to worry. Our company focuses on users, security, new product development, and we will continue to do so. We have no doubt that blockchain as a technology and cryptocurrency as an industry will only develop. ARKA- Users are aware of FTX, Celsius and Three Arrows Capital, which collapsed in one day. How can you trust other companies after that? And what is Binance doing to keep customers' trust?...
09/07/2023Ucom is not considering yet introduction of 5G technology
Armenian telecommunications company Ucom has not yet held specific discussions on the introduction of the 5G technology, Ucom CEO Ara Khachatryan said in an interview with ARKA agency. YEREVAN, September 7. /ARKA/. Armenian telecommunications company Ucom has not yet held specific discussions on the introduction of the 5G technology, Ucom CEO Ara Khachatryan ...
09/07/2020Hosting world congress of information technology in 2019 may become a turning point for Armenian it industry
Armenia will host the World Congress of Information Technology in 2019 (WCIT 2019), an event that may become a turning point for its IT industry, Karen Vardanyan, the chief executive officer of the of the Union of Information Technology Enterprises (UITE), said today. YEREVAN, January 27. /ARKA/ Armenia ...
01/27/2016The 11th DigiTec expo 2015 opens in Yerevan
Speaking at the opening of the 11th annual DigiTec Expo 2015, the executive director of the Union of Information Technology Enterprises (UITE), Karen Vardanyan said this event allows children to see the future, young people - to use technology, and older generations to see that the technological progress they achieved at their time is moving ahead. YEREVAN,...
10/02/2015Geopromining commissions Albion technology at Ararat gold recovery factory
GeoProMining (GPM) diversified international mining group has commissioned today new Albion technology at Ararat Gold Recovery Factory. YEREVAN, April 28. / ARKA /. GeoProMining (GPM) diversified international mining group has commissioned today new Albion technology at Ararat Gold Recovery Factory. The ceremony was attended by president ...
04/28/2014New Albion Technology To Make Geopromining Company One Of Three Largest Russian Investors In Armenia
Introduction of Albion technology at Ararat Gold Recovery factory will enable the GeoProMining (GPM) company to join the list of the three largest Russian investors in Armenia in terms of accumulated investment. YEREVAN, July 6. / ARKA /. Introduction of Albion technology ...
07/07/2011Pashinyan: Armenia can become paradise for talented people
... a considerable growth - 13%. "An impressive growth is recorded also in the export of technologic products - the average export of technological products grew 40.9% over seven months, and that of high-tech products grew 34.4%," Pashinyan said.... ... give grounds for thinking that the economic revolution, which is going on in Armenia now, will make its own contribution to a technology revolution, and "we will manage to develop Armenia into one of the flagship and technological countries in the ...
10/07/2019More than 20 IT ministers confirm their participation in WCIT-2019 Congress on Information Technology
More than 20 IT ministers confirmed their participation in the WCIT-2019 World Congress on Information Technology, scheduled to take place October 6-9 in Yerevan, High Technology Industry Minister Hakob Arshakyan wrote in a Facebook post. YEREVAN, September 6. /ARKA/. More than 20 IT ministers confirmed their participation in the WCIT-2019 World Congress ...
09/06/2019Innovation and technology park will be constructed in Yerevan
Armenia’s capital city Yerevan will become home to the first Innovation and Technology Park in the region, Galaxy group of companies, said. YEREVAN, January 29, /ARKA/. Armenia’s capital city Yerevan will become home to the first Innovation and Technology Park in the region, Galaxy group of companies, said. According to a ...
01/29/2019ACBA-CREDIT AGRICOLE BANK and Microsoft seminar on digital technology brings together 250 reps of SME
More than 250 representatives of Armenian small and medium-sized companies attended a joint seminar on the significance of shifting to digital technology in business running, organized jointly by ACBA-CREDIT AGRICOLE BANK and Microsoft Innovation center Armenia, provided for by a memorandum on cooperation, they had signed a day earlier. YEREVAN, May 31. /ARKA/. More than 250 representatives ...
05/31/2017ACBA-CREDIT AGRICOLE BANK to issue contactless American Express cards
ACBA-CREDIT AGRICOLE BANK, the exclusive representative of American Express in Armenia, will issue American Express Gold and American Express Blue chip cards, enabled with contactless payment technology, the Yerevan-based bank said today in a press release, saying also the new cards will be more convenient and safer to use. YEREVAN, November 21. /ARKA/. ACBA-CREDIT AGRICOLE BANK, the exclusive representative of American Express in Armenia,...
11/21/2016Armenia should start developing information technology in its military industry – minister
... medicine, pharmaceutics and other segments of Armenia's economy, Minasyan said the government is making every effort to develop this industry. In his words, the government is now implementing a number of joint programs with the private sector to develop technology entrepreneurship, build up exports and increase investments. «All this ensures a stable place on the technology world map to Armenia,» he said. «The government, realizing very well that achievements should be secured by a firm educational basis, has established a number of ...
05/04/2016Some 330 km-long road sections to be upgraded by this year end
... initiate new projects, develop and support meat and livestock export mechanisms, as well as to prepare for the fruit and vegetable export campaign. It was reported that 85 km-long road sections started to be rehabilitated on May 15. Another round of reconstruction ... ... upgrade 330 km-long road sections by this yearend,” the Premier said. Last week Deputy Transport, Communications and Information Technology Minister Bagrat Badalyan, had a meeting with representatives of road-building companies engaged in implementation of ...
05/20/2019Eco Fruit plans to export 1000 tons of frozen apricots and 100 tons of frozen sweet cherries
... future it plans to export its products to Israel as well. Hovsepyan said the company plans also to begin production of dried fruit this autumn. Eco Fruit was founded in 2013, but started active operation only in 2015. Its specialization is processing and exports of fruits and vegetables. The company has 2,500 cubic meters refrigeration rooms, equipped with high technology to ensure long-term storage and preservation of its products.-0-
04/28/2015Armenia needs special strategy to boost export: Business association official says
... enter international markets", he said. The second approach, he said, provides for periodic steps to improve the business environment in the country, that would result in building an export potential. He listed some of the problems associated with exporting. "First and foremost, it is a very low productivity of Armenian enterprises and to solve this problem they need to be reequipped with modern technology", he said. Makarian mentioned another problem which he said is low level management in enterprises which prefer to ensure their competitiveness by artificial methods – like shadow economy, corruption, low-paying and low-quality specialists....
06/09/2011Investments in sports and fashion: how to convert emotions into money
... professionals (players and teams) and fans. - Specific drugs for professional athletes: the potential of an entire market segment is increasing - promising start-ups are emerging, and major pharmaceutical companies are working on new products. - ‘Export’ of sports (popularisation of new sports, formats and tournaments) to developing countries. - Blockchain technology: the ability to acquire assets, such as collectibles in a new form (via tokens). Fitness Fitness is a related field to sports. International fitness club chains attract a huge number of clients and earn money from the development of several ...
08/01/2024Armenia may become center for technology exchange between West and Eurasia, Armen Sarkissian says
... Armenia should show everyone that in terms of educational qualification and intellectual capabilities it can provide what the world expects and what the West needs. ‘Our country should create national products, including technological products, and export them to the international market,’ he said. He stressed that he means not only information technology, but all economic sectors in general, including agriculture, which should be actively developed. --0--
03/01/2018Artificial Intelligence in the world of finance - benefits, risks and prospects
Technology and finances, visualization and robots, data processing and cybercrime - these concepts have entered the lives of many people bringing with them both benefits and risks. YEREVAN, January 31. /ARKA/. Technology and finances, visualization ...
01/31/2024Ameriabank Named the Best Bank for Digital Solutions in Armenia for 2023
Ameriabank has been recognized as the Best Bank for Digital Solutions in Armenia for the year 2023, as announced by Euromoney magazine in its Awards for Excellence. The magazine emphasizes Ameriabank's commitment to digital innovation and transformative technology, which has surpassed that of its peers over the past 12 months. YEREVAN, November 17. /ARKA/. Ameriabank has been recognized as the Best Bank for Digital Solutions in Armenia for the year 2023, as announced by Euromoney magazine in ...
11/17/2023The first “Doing Digital” Forum will be held in Yerevan
... Capital. The event features Chris Skinner as a keynote speaker, a renowned global expert in fintech and digital transformation. He is the founder of the financial services consultancy firm The Finanser Ltd. and the author of several books on financial technology and banking, including "Digital Human", "Digital Bank", "The Future of Banking", and "ValueWeb". Skinner is a frequent keynote speaker at industry conferences and events, where he shares his insights ...
03/13/2023Technology created by Armenian startup Revalcon conquers global markets (video)
The technology developed by Armenian startup Revalcon simplifies the entire irrigation process, which is controlled both through mobile and web applications, Acba bank's press service reported. YEREVAN, Oct. 10. /ARKA/. The technology developed by Armenian ...
10/10/2022NFT: Why do people pay millions of dollars for something they can right-click to save?
Just when the commonplace consciousness started to get used to the fact that cryptocurrencies have become an integral part of our lives, a new, incomprehensible phenomenon related to blockchain technology and hiding under the acronym NFT appeared on the horizon. YEREVAN, April 20. /ARKA/. Just when the commonplace consciousness started to get used to the fact that cryptocurrencies have become an integral part of our lives, a new, incomprehensible ...
04/20/2022Some military industrial complex strategic facilities of Armenia to be run by high technology industry ministry
A number of state strategic facilities of the military industrial complex of Armenia came under the control of the ministry of high technology industry, High Technology Industry Minister Hakob Arshakyan said Monday in an interview with the Public Television of Armenia. YEREVAN, April 27. /ARKA/. A number of state strategic facilities of the military industrial complex of Armenia ...
04/27/2020WCIT 2019 official website launched in Armenia
The World Congress on Information Technology (WCIT), the largest and the most reputable international event among worldwide IT leaders, has launched its official website for its 2019 gathering, scheduled to take place in Armenia in October 2019. YEREVAN, June 9. /ARCH/. The World ...
06/09/2017Digitec 2015 attracts record number of participants
The 11th Digitec-2015 technology exhibition, scheduled for October 2-4 in Yerevan is expected to bring together the record number of participants, Karen Vardanyan, the executive director of the Union of Information Technology Enterprises (UITE), the organizer of the annual ...
10/01/2015EIF organizes Technology Weekend in Armenia
The Enterprises Incubator Foundation (EIF) has initiated Technology Weekend in Armenia as part of IBM Centre for Innovative Solutions. YEREVAN, July 10. / ARKA /. The Enterprises Incubator Foundation (EIF) has initiated Technology Weekend in Armenia as part of IBM Centre for Innovative Solutions. According ...
07/10/2015GeoProMining invests $35 million to prepare the launch of Albion technology
GeoProMining Gold (GPM Gold) has invested this year about $35 million to prepare the launch of Albion technology, GPM Gold CEO, Vladimir Kozlov, said to ARKA. YEREVAN, August 27. / ARKA /. GeoProMining Gold (GPM Gold) has invested this year about $35 million to prepare the launch of Albion technology, GPM Gold CEO, Vladimir Kozlov, said to ARKA. In ...
08/27/2012UITE presents program for monitoring tenders
The Union of Information Technology Enterprises (UITE) has presented the program Monitoring and Reforms of the Process of Government’s Tenders and Procurements in Technology Area. YEREVAN, April 27. /ARKA/. The Union of Information Technology Enterprises (UITE) has presented ...
04/27/2012Introduction of Albion technology at Ararat gold recovery plant to be completed in early 2013
... early 2013, Roman Khudoliy, president of Russian GeoProMining (GPM) company told reporters on Wednesday. Armenian president Serzh Sargsyan attended the ceremony for laying the foundation stone for the new line on July 6, 2011. The unique innovative technology Albion" which is part of an ambitious program of modernization of GPM assets in Armenia, will improve operational efficiency and ensure high environmental standards. Mr. Khudoliy said the line will be launched early next year. He added ...
02/09/2012President of mining company GPM: gold production volume in the new plant of the company GPM Gold in Ararat will be 150 ounces by 2014
... Wednesday. YEREVAN, July 6. /ARKA/. Gold production volume in the new line of Ararat gold recovery plant will be 150 thousand ounces starting from 2014, said the president of mining company GPM Roman Khudoliy to the journalists on Wednesday. Innovation technology “Albion” being a part of large-scale program of modernization of GPM assets in Armenia will improve productivity of the company by keeping high ecological standards. “If this year 40 thousand ounces of gold is planned, in ...
07/06/2011Science & Technology Entrepreneurship grant competition winners to receive $15,000 each
... Yengibaryan said. Of them, about 20 projects selected through a review process, have the opportunity to present and pitch their technology to potential investors. The winning projects will receive 15,000 US dollars each. Along with Armenian specialists the ... ... Yengibaryan said. Apart from that, some projects and teams have grown into successful organizations, he added. STEP participants export their products to Thailand, Ukraine, Russia and the USA. Representative of CRDF Global Yevgeny Krasovskiy, in his turn,...
11/27/2012Japan introduces sanctions against 49 Russian organizations, companies — Foreign Ministry
... according to TASS. YEREVAN, March 1. /ARKA/. The government of Japan approved export sanctions against 49 Russian organizations and companies, including the Federal Security Service of Russia, the Foreign Intelligence Service, Rostec and Rosoboronexport companies," the Japan’s Foreign Ministry said, according to TASS. Sanctions are imposed on the Central Bank of Russia, VEB and Promsvyazbank. Admiralty Shipyard, Irkut, Progress Rocket and Space Center and Moscow Institute of Physics and Technology are also in the list. Also the government of Japan approved sanctions against six Russian senior government officials, including President Vladimir Putin, Deputy Chairman of the Security Council Dmitry Medvedev, Secretary of the Security Council ...
03/01/2022Armenian opposition party speaks in favor of nationalizing mining and metallurgical companies
... of privileges concerning, particularly, export of precious metals depriving the government of additional revenues. Vahan Hovhanesian said Armenia’s mining and metallurgical companies, the largest export-oriented sector of the national economy, export mainly concentrates and the acting legislation ignores the percentage of precious metals in them. ‘The current situation in this sector does not encourage owners to introduce new technology and make investments because they already make super profits,’ he said. In his opinion, only nationalization of the sector could help improve this situation. The latest official figures show that mining and metallurgical companies appear ...
05/11/2011Low quality products and absence of government support impeding wines export
... boost exports are the main obstacles impeding expansion of Armenia’s trade with foreign countries, said Avag Harutyunian, chairman of the Union of Armenian Winemakers Saturday. Speaking at a conference in Yerevan on ways to stimulate Armenian exports, he said low quality products, absence of modern equipment and technology and unskilled personnel are the main problems that should be addressed in the first place. He also said absence of a government policy to promote Armenian wines outside the country, particularly, absence of an agency to certify locally produced ...
12/13/2010Venture capital: the most exciting investments
How is financing of potentially breakthrough companies structured? Who is suited to this investment model? What are its advantages and disadvantages? We answer these questions in this article. YEREVAN, 22 October. /ARKA/. The rise of technology startups attracts the attention of a wide audience. The stories of young developers competing with corporations sometimes seem cinematic. An image of an innovative ultra-profitable business is being shaped, and many investors want to become ...
10/22/2024Doing Digital Forum Returns Featuring Brett King as Keynote Speaker
... on digital transformation. Doing Digital Forum will be an exceptional platform to meet and learn from Brett King in Armenia. Tatevik Simonyan, the Founder of the Doing Digital platform, says: "DDF24 will spotlight the transformative potential of technology and digitization across finance, state and economic sectors. Our aim is to unite the efforts of various stakeholders in the digital economy, positioning Armenia as a regional hub for innovative financial technologies and digital business solutions....
03/05/2024The impact of technology on financial market. Would you trust robots with your money?
... different needs. However, many people still do not see the financial market as an accessible field, considering it as something complicated, risky and requiring a lot of capital. The world of investing is responding to this by changing and improving. Technology is the key to making the market understandable and convenient for everyone. Today we will look at some popular solutions that are changing the way we approach investing. Investment platforms In recent years, the remote format of financial transactions ...
02/21/2024"On the road to digital and smart banking system": Acba Bank CEO attends Silicon Mountains summit (VIDEO)
Over 200 participants in presence and another 5,000 online viewers are attending the Silicon Mountains International Technology Summit in Armenia. YEREVAN, December 12. /ARKA/. Over 200 participants in presence and another 5,000 online viewers are attending the Silicon Mountains International Technology Summit in Armenia. Armenian and foreign experts ...
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