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Armenia ranks among top 10 largest trade partners of Russia

... Business Consulting (RBC) reports. Armenia was included in the list of 10 countries that were Russia's main trading partners from January to October 2024, accounting for 1.8% of Russia's total trade turnover. The leading countries are China (33.8%) and India (8.8%), followed by Italy (1.5%) and Uzbekistan (1.4%). Russia has long been Armenia's most important trading partner. According to the Armenian Statistics Committee, trade turnover between Russia and Armenia amounted to over USD 10.8 billion in the first 10 months of 2024, representing a growth of 91.4% compared to January-October ...

01/07/2025


State department responds to Aliyev's claims of U.S. arming Yerevan

... the professionalism of their armies, as well as to reinforce the two countries' shared border with Iran. In his latest interview with Russian state television, Azerbaijani President Ilham Aliyev claimed that France is the leader in arms supplies to Armenia, followed by India and the United States. “The United States ensures that its security assistance to both Armenia and Azerbaijan is not used for offensive purposes and does not undermine or impede ongoing efforts for a stable and dignified peace,” said U.S. State ...

12/25/2024


Yerevan hotels recognised as most comfortable in OneTwoTrip rating

... suits travellers most of all. The capital of Armenia has 8.8 points out of 10. The first two places in this list are occupied by Samarkand, Uzbekistan (9.2) and Doha, Qatar (8.9), followed by Kyoto, Japan (8.7) and Belgrade, Serbia (8.6). Earlier, the Armenian Tourism Committee reported that about 2.08 million tourists visited the country during the first 11 months of the current year. Most tourists came from Russia (892,200), Georgia (243,100), Iran (163,800), USA (57,100) and India (38,600).

12/19/2024


IMF outlines measures to boost Armenia's economic resilience and growth

... report, stated that the country's economy has the potential for annual growth of up to 5.5% over the next five years, until 2028, provided that structural reforms are implemented and opportunities for labor force integration are realized. He noted that Armenia's economic growth is returning to normal levels as temporary factors, such as the influx of labor from Russia and India and the integration of refugees from Nagorno-Karabakh into the labor market, begin to weaken. “This could affect potential growth for the next 4-5 years,” he said, adding that in the longer term, attention should be given to demographic policy....

12/18/2024


Nearly 153K tourists visited Armenia in November, showing slight increase

....92 million tourists visited Armenia in the first 10 months of 2024, which is a 5.8% decrease compared to the same period last year. The largest number of tourists came from Russia (43%), Georgia (11%), Iran (7%), as well as the United States (3%) and India (2%). As Lusine Gevorgyan, head of the Armenian Tourism Committee, previously mentioned in an interview with ARKA news agency, the number of tourists visiting Armenia could reach 2 million by the end of 2024.

12/11/2024


EEC Board grants tariff concession for butter imports to Armenia

... emphasised that this decision will allow to ensure a balance of supply and demand in the short term without affecting the production of other dairy products, given the limited resource base. Import supplies can be made, in particular, from Iran and India. The tariff concession will be granted subject to confirmation issued by an authorised body of the Republic of Armenia or the Russian Federation. The decision will come into force after 10 days from the date of its official publication.

12/02/2024


Tourist arrivals in Armenia may reach 2 million by end of 2024

... mistaken, there are three flights a day between Armenia and the UAE. We expect that citizens of this country will also arrive in Armenia on these flights," Gevorgyan noted. According to the latest official data, over 1.92 million tourists visited Armenia in the first 10 months of 2024, a 5.8% decrease compared to the same period last year. The majority of tourists came from Russia (43%), Georgia (11%), Iran (7%), as well as the United States (3%) and India (2%).

11/29/2024


Armenia to develop medical and health tourism - head of Tourism Committee

... countries. ‘’We want to broaden our cooperation, particularly with France and Germany. Significant work is already being done with German donors in this area,’’ she said. According to the latest official data, over 1.92 million tourists visited Armenia in the first 10 months of 2024, a 5.8% decrease compared to the same period last year. The majority of tourists came from Russia (43%), Georgia (11%), Iran (7%), as well as the United States (3%) and India (2%).-0-

11/28/2024


IMF forecasts inflation in Armenia at 0.2 percent in 2024 and 3.1 percent in 2025

... "Inflation in Armenia will remain within the target range set by the Central Bank," said IMF Resident Representative in Armenia Umang Rawat, presenting the report "Caucasus and Central Asia: Economic Outlook and Political Challenges." He ... ... the pressure, which in 2022 and early 2023 was caused by a number of factors, including the influx of labor from Russia and India, as well as the integration of refugees from Nagorno-Karabakh into the labor market, is gradually decreasing. According ...

11/26/2024


IMF: Armenia's economy to grow by up to 5.5% by 2028

... exactly that. It was predicted that this would happen, so it was not a surprise," he emphasized, adding that when economic growth exceeds its potential for an extended period, it carries certain risks. According to the IMF Resident Representative, Armenia's economic growth is returning to normal levels, along with the fading of temporary factors, including the influx of labor from Russia and India, as well as the integration of refugees from Nagorno-Karabakh into the labor market. "It will impact potential growth, possibly for the next four to five years," he said, adding that in the long term, attention should be given to demographic ...

11/26/2024


Moscow finds BRICS platform attractive for Armenia

... activities following the summit in Kazan. “We understand that our Armenian friends need time to closely examine the activities of this intergovernmental club,” Kopyrkin said in an interview with ‘’Izvestia’’. According to him, the presence of Armenia’s key partners in the BRICS family – besides Russia, these include Iran, India, China, and the UAE – undoubtedly enhances the attractiveness of this platform for Yerevan. "Azerbaijan and Turkey have also expressed their intention to join it. This allows us to say that the entire South Caucasus feels the pull of BRICS,...

11/25/2024


Armenia sees 20.1% drop in Russian tourists - Ministry of Economy

... entries," the Ministry of Economy's study notes. According to official statistics, the largest number of tourists arrived in Armenia from Russia (740,890 people, or 43% of the total, a 20.1% decline compared to January-September of last year), Georgia ... ....8% increase). At the same time, the number of tourists from China increased by 69.8% over the 9 months (24,444 people), from India by 53.6% (33,233 people), and from the Philippines by 40.4% (16,695 people). -0-

11/22/2024


Armenian Airlines to resume flights from 9 December

... destinations from 9 December. YEREVAN, 14 November. /ARKA/. The Armenian Airlines will resume flights to all its destinations from 9 December. In particular, to Russian Moscow, Mineralnye Vody, Sochi, Ufa, Kazan, Volgograd, as well as to New Delhi (India) and Georgia’s Batumi. Armenian Airlines, established in 2022, is based at Yerevan's Zvartnots International Airport. In the longer term, the carrier intends to launch flights to Egypt, the Middle East, Europe and Asia. -0-  

11/14/2024


Over 1.92 million tourists visited Armenia in 2024

... this year, Armenia recorded about 1 million 926.4 thousand tourist visits, according to the Armenian Tourism Committee. This figure is 5.8% lower than in the same period last year, with about 2 million 45 thousand tourist visits. Most tourists came to Armenia from Russia (43%), Georgia (11%), Iran (7%), as well as from the USA (3%) and India (2%). It is noted that, in October of this year, 203.81 thousand tourists visited Armenia, compared to nearly 195.4 thousand in October 2023 (a 4.3% increase). -0-

11/14/2024


Number of tourists visiting Armenia over 9 months decreased by 6.2% to 1.7 million

... number of tourists came from Russia (740,890 people, or 43% of the total, a decline of 20.1% compared to January-September last year), Georgia (199,145 people, or 11.6%, an increase of 7.1%), and Iran (136,496 people, or 7.9%, an increase of 17.8%). Armenia was also visited by citizens from the United States (48,257 people), India (33,233), China (24,444), Germany (22,519), France (24,243), Ukraine (21,427), the Philippines (16,695), Belarus (12,681), Italy (12,350), the Republic of Korea (11,790), the Netherlands (11,749), Poland (8,893), Turkey (8,585), Belgium (7,934),...

11/06/2024


No plans for Armenia's accession to BRICS - Minister of Economy

... in the BRICS summit in Kazan, Papoyan answered in negative.  ‘Such questions were not discussed,’ Papoyan said at a briefing in the parliament. The BRICS summit with the participation of heads of state took place in Kazan from October 22 to 24. Armenian Prime Minister Nikol Pashinyan also attended.  BRICS is an association of nine states: Brazil, Russia, India, the People's Republic of China, South Africa, the United Arab Emirates, Iran, Egypt, and Ethiopia. It was founded in June 2006 during the Saint Petersburg Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India,...

11/05/2024


Plug and Play is already in Armenia: 10 Armenian startups will travel to Silicon Valley

... portfolio includes around 2000 startups, 35 of which are unicorns. We always closely monitor new ecosystems," said Karimpoor. He said that the company has 65 offices worldwide: in the USA, China, Central Asia, and Europe, and is opening an office in India. "We believe that there are excellent startups in Armenia and we hope for a long-term presence here. Yesterday, I had the opportunity to meet with some Armenian startups, and I am ready to immediately connect some of them with Mercedes and Bosch, as well as with our other partners," Karimpoor said ...

11/01/2024


Armenia sees 6.9% decline in tourist arrivals over first nine months of 2024 - Minister

... tourists from other countries increased by approximately 8.4%, driven mainly by visitors from Iran, India, and China," Hovhannisyan stated during budget discussions in parliament. The minister also noted a decline in the number of labor migrants from India based on the information he has. According to the Tourism Committee of the Ministry of Economy of Armenia, around 1.72 million tourists visited Armenia in the first nine months of this year. This represents a 6.88% decline compared to the same period in 2023, when nearly 1.85 million tourist visits were recorded. The majority of tourists come from ...

10/28/2024


Armenian government tightens entry procedures for citizens of India, Iraq and Egypt due to the large number of illegal migrants

... and prevent illegal migration, the entry procedure for citizens of India, Iraq and Egypt will be tightened. This decision was made at a government meeting on Thursday.  The rationale for the decision notes that over the past two years, the number of Indian citizens who entered Armenia by obtaining an electronic entry visa (E-VISA) and continue to stay in Armenia without legalizing their residence after the expiration of the document has increased sharply. Some growth has also been recorded for Egyptian citizens. The arrival ...

10/24/2024


Armenia's arms diversification has no aggressive connotation - Defence Ministry

... expanding its defensive capabilities," Torosyan said.  Earlier, Security Council Secretary Armen Grigoryan stated that the Russian Federation's share in Armenia's military-technical cooperation had decreased from 96% in 2020 to less than 10%. The Armenian Defense Ministry named India and France among the country's main partners in arms procurement. -0-

10/23/2024


Some 1,722,600 tourists visit Armenia in January-September

...,722,600 tourists visited Armenia in the first 9 months of this year, the Tourism Committee of Armenian Ministry of Economy reports. This figure is 6.88% less than for the same period last year - almost 1 million 850 thousand. Most tourists come to Armenia from Russia (43%), Georgia (12%), Iran (8%), as well as the USA (3%) and India (2%). It is noted that only in September of this year 236,560 tourists visited Armenia, compared to 260,600 in September 2023, representing a decline of 9.23%. -0-

10/09/2024


"Green Portfolio": ethical and profitable investment

... and promising field. Current trends in the green market today 1. Renewable energy sourc es: Major emerging markets (China, India, Brazil) are moving towards a transition to renewable energy. Specialised plants are being built, the need for technology ... ... This article is prepared within the framework of the joint project ‘Year of Investing in Oneself’ by ARKA and AMI Novosti-Armenia news agencies and Freedom Broker Armenia .

10/02/2024


Armenia considers possibilities of Iranian port of Chabahar - Papoyan

... 30 /ARKA/. Armenia is considering the possibility of carrying out activities in the Iranian port of Chabahar, said Armenian Minister of Economy Gevorg Papoyan.  In November last year, Armenian Deputy Foreign Minister Mnatsakan Safaryan stated that Armenia was negotiating to join the Iranian port of Chabahar to gain access to India and other Asian countries. In the future, it is envisaged to establish a connection between the port of Chabahar and the international transport corridor "North-South".  “Within the framework of the “Crossroads of Peace” initiative,...

09/30/2024


Armenia seeks to produce 25-30 per cent of necessary military-technical products - Security Council

... country, which is a strategic goal, Secretary of the Security Council Armen Grigoryan said. ‘Armenia's military-technical co-operation with Russia used to make up more than 96% (of the total volume - ed.). Currently, it has decreased to 10 per cent. Armenia currently has several important partners in the field of military-technical cooperation, particularly India and France. We are looking for new partners so that the work carried out in this direction would be more effective,’ Grigoryan noted during a panel discussion at the Second World Armenian Summit in Yerevan on Wednesday. He noted that Armenia is ...

09/18/2024


BRICS integration issue not on Armenia's agenda - PM

... integration with Brazil, Russia, India, China and South Africa (BRICS) is not on Armenia’s agenda at the moment, said Armenian Prime Minister Nikol Pashinyan today. YEREVAN, September 18 /ARKA/. The issue of integration with Brazil, Russia, India, China and South Africa (BRICS) is not on Armenia’s agenda at the moment, said Armenian Prime Minister Nikol Pashinyan today. "I received an invitation from the Russian president to take part in the (organization's) summit in Kazan in October and accepted it. I cannot say more at the moment....

09/18/2024


Armenia to participate in ’’World Food India 2024’’in New Delhi

... Delhi (India).   YEREVAN, September 16 /ARKA/.  Armenia will participate in the international exhibition “World Food India 2024” with a separate national pavilion. The exhibition will be held on September 19-22 in New Delhi (India).   According to the Armenian Ministry of Economy, 11 Armenian companies will present such products as alcoholic beverages, drinks, processed food, etc. The ’Global Food Regulators Summit 2024’ and business meetings in B2B, B2G, G2G formats are also planned. This year,...

09/16/2024


Armenian Airlines to launch Yerevan-New Delhi direct flight from 15 November

Armenian Airlines will launch direct flights between Armenia and India from 15 November.   Y YEREVAN, 9 September. /ARKA/. Armenian Airlines will launch direct flights between Armenia and India from 15 November. Yerevan-New Delhi-Yerevan flights will be operated twice a week on Airbus 321-200 aircraft ...

09/09/2024


Armenian PM to attend BRICS summit

... will attend a BRICS summit in Russian Kazan, slated for October 22-24. YEREVAN, September 6. /ARKA/. Armenian Prime Minister Nikol Pashinyan will attend a BRICS summit in Russian Kazan, slated for October 22-24. This information was confirmed to Armenian Public Television by the Prime Minister's press secretary Nazeli Baghdasaryan. The BRICS group, an acronym for Brazil, Russia, India, China, and South Africa, was set up by the five nations in 2009.--0-  

09/06/2024


Armenia sees 6.1% drop in tourist arrivals in H1 2024

... tourist arrivals in the first half of 2024, according to Finance Minister Vahe Hovhannisyan. YEREVAN, September 2. /ARKA/. Armenia experienced a 6.1% decrease in tourist arrivals in the first half of 2024, according to Finance Minister Vahe Hovhannisyan.... ... in tourist numbers is mainly due to a 23.6% drop in visitors from Russia. However, we have seen an increase in tourists from India, Georgia, and Iran. Although we are trailing behind the figures of 2023, our numbers are still significantly higher compared ...

09/02/2024


Armenia-India political dialogue expands beyond traditional agenda, says FM Mirzoyan

Armenia's Foreign Minister Ararat Mirzoyan congratulated his Indian counterpart on Independence Day YEREVAN, August 15. /ARKA/. Armenia's Foreign Minister Ararat Mirzoyan has highlighted the deepening political dialogue between Armenia and India, noting that it now extends beyond the traditional agenda. "I sincerely congratulate my colleague and good friend Subrahmanyam Jaishankar, as well as the people of India, on the occasion of the 78th Independence Day. We are bound by civilizational ...

08/15/2024


Armenia sees 6.1% decline in foreign tourists in H1 2024

... a 10.2% increase, and tourists from Iran totaled 69,252 (7.3% of the total), an 18.3% increase. Additionally, tourists from India (24,949), the USA (17,042), the Philippines (13,183), Ukraine (12,663), China (11,473), Germany (11,082), France (11,032),... ... Belgium (3,056), Spain (2,948), Moldova (2,929), Egypt (2,710), Austria (2,558), Greece (2,212), and Czechia (2,203) also visited Armenia in significant numbers. The least number of tourists—just one person each—came from Angola, Burundi, Eritrea, Cape ...

08/07/2024


Security Council Secretary: Armenia purchases weapons only to protect its territory

... and many of them do support, stability and peace,” he added. Grigoryan revealed earlier that Armenia ordered $250 million worth of weapons supplies from Russia in 2021 and paid for those, but Russia did not deliver the weapons. This was the reason Armenia started seeking new partners for defense cooperation, including India and several EU countries, including France which recently supplied CAESAR howitzers to Yerevan. According to Indian sources, Delhi recently supplied Pinaka multiple rocket launcher systems, anti-tank missiles, and munitions, as well as six ATAGS ...

06/26/2024


Armenian chess players win silver medals at world championship in India

... India's Gandhinagar, the Ministry of Education, Science, Culture and Sport reported. Mariam Mkrtchyan, a member of the women's team, International Master of Sports, won 9.5 points out of 11 possible and took the second place. In the last 11th round the Armenian chess player defeated Ravi Rakshita of India with white pieces. Mkrtchyan lost half a point to Divya Deshmukh, who won the championship title. In the men's competition, 17-year-old Emin Ohanyan won 8.5 points out of possible 11 and shared 1-2 places with Nogerbek Kazibek of Kazakhstan. After ...

06/13/2024


Armenia and India plan to make active economic ties

Ways to step up economic ties between Armenia and India was in the focus of the June 8 business meeting between representatives of the Union of Industrialists and Entrepreneurs of Armenia (UIE) and the Indian Chamber of Commerce and Industry in Yerevan, the UIE press service reported. YEREVAN, June ...

06/10/2024


Finance Ministry: Armenia’s tourist influx drops by 2% in Q1 2024 YoY

... same period of 2023, Deputy Finance Minister Vahan Sirunyan reported on Friday. “The key reason behind this was the decline in tourists from Russia by 22.2%,” Sirunyan said in the parliament. However, the number of tourists coming from Georgia, India and Iran increased by 21%. A total of 441,000 tourists visited Armenia in the first three months of 2024.

06/07/2024


Armenia might construct copper smelter using leading Indian tech

... Armenia’s Economy Minister Gevorg Papoyan met with Nilakshi Saha Sinha, India’s ambassador to the country, the Ministry reported on Friday. Armenia considers constructing a copper smelter using leading Indian technology, Papoyan said. He also said Armenia and India should extend cooperation in agriculture and industry, as well as in jewelry manufacturing, suggesting that a showroom of Armenian jewelry be opened in India. The two parties stressed the importance of international trade shows and business forums ...

06/07/2024


Pashinyan and Modi emphasize importance of further development of cooperation between Armenia and India

... /ARKA/. Armenian Prime Minister Nikol Pashinyan had a telephone call with Indian Prime Minister Narendra Modi on Thursday, the press service of the Armenian government reported. It said the two men noted the notable expansion of cooperation between Armenia and India after their bilateral meeting in New York in 2019. Pashinyan and Modi emphasised the importance of further development of cooperation between the two countries. The Indian Prime Minister expressed support for Armenia in connection with the floods ...

06/06/2024


Russian Deputy Foreign Minister: Armenia avoids diplomatic, defense cooperation due to pressure from West

... also cooperate with Armenia in cultural and humanitarian spheres,” Galuzin concluded. Armen Grigoryan, Armenia’s Secretary of the Security Council, mentioned earlier that the South Caucasian country found new partners after Russia failed to provide Armenia with the weapons Yerevan had paid $250 million for after 2021. The new arms providers include India, France, and some EU countries, he said.

06/05/2024


Economy Ministry: Tourist flow from Russia greatly reduces, whole industry drops by 3%

... Papoyan reported on Friday. “Last year, half of the tourists we welcomed here were from Russia. This is a huge disproportion and a great risk for the industry, which means we need to work more on that,” he said. Papoyan also revealed that although Armenia advertises itself for the Russian tourists, its priority promotion areas are Europe, India, Japan, and the Arab countries. “This year, the tourist flow from Russia reduced greatly, but the issue is that our entire tourism sector is showing a 3% decline. However, the number of tourists from India and the Arab world significantly increased,...

05/31/2024


World Bank: Number of Russian tourists coming to Armenia decreased by 21.9% in Q1 2024

... “During the first quarter of 2024, tourist arrivals declined by 3.2 percent (yoy). While 42.3 percent of tourists continued arriving from Russia, their number was 21.9 percent lower than during the first quarter of the previous year. Tourists from India, the Philippines, Iran, and Georgia increased by 174, 57, 33, and 16 percent (yoy), respectively,” the review says. The number of foreign tourists who visited Armenia in January-March 2024 amounted to 435,775 compared to 449,981 for the same period in 2023, decreasing by 3.2%. Most tourists came from Russia, Georgia (61,830 people or 14.2%, an increase of 15 .5%) and Iran (33,729 people or 7.7%, an increase ...

05/22/2024


Armenian army factor is important for security guarantees, but it is not the only one - Security Council Secretary

... should also act efficiently enough in supporting the army and ensuring security,” Grigoryan said. According to him, the entire Armenian society should bear responsibility in this context, and this is the change that should take place in our thinking. “We ... ... looking for partners in the issue of arms supplies. As you know, in the last few years we have got 4-5 new important partners like India, France. We are also looking for new European and Western partners to establish cooperation and increase our capabilities ...

05/21/2024


Armenian and Indian Defense Ministries hold first defense consultations in Yerevan

... Armenian Defense Ministry, and Shri Vishwesh Negi, Joint Secretary for International Cooperation of the Indian Defense Ministry, the press service of the Armenian Defense Ministry reported. It said the sides discussed the progress and perspectives of the Armenian-Indian cooperation in the area of defense, including military-technical cooperation, military education, tactical training of the personnel, exchange of experience. Issues related to regional security were also discussed. Ayvazyan presented the reforms ...

05/15/2024


Armenia's policy is to diversify its foreign relations - Pashinyan

Armenia's policy is to diversify its foreign relations in all areas, Prime Minister Nikol Pashinyan said at the Copenhagen Democracy Summit on Tuesday. YEREVAN, May 15. /ARKA/. Armenia's policy is to diversify its foreign relations in all areas, Prime Minister Nikol Pashinyan said at the Copenhagen Democracy Summit on Tuesday. "Now we are developing defense cooperation with India, France and other countries. We have established cooperation with the European Union because, as I said, we are happy about the deployment of the EU Civilian Monitoring Mission on the border between Armenia and Azerbaijan," Pashinyan said. ...

05/15/2024


Armenia among top three countries in terms of cargo turnover growth with Russia’s southern regions

... Russian state news agency TASS reported on Monday. The demand for cargo shipping from the Southern Federal District of Russia into Armenia and China has grown 11 times since March 2021, Yevgenia Lazareva, the manager of the transportation services department ... ... agriculture, energy, industry and trade had reported high demand for cargo shipping using the Russia - Turkey, Russia - Iran - India and Russia - China transport corridors in 2022-2025.

05/13/2024


Armenia received more than 717 tons of humanitarian aid worth 13.5 billion drams in the first quarter

... Statistical Committee. YEREVAN, May 8. /ARKA/. Armenia received 717.9 tons of humanitarian aid worth about 13.5 billion drams ($33.4 million) in January-March 2024, according to the National Statistical Committee. In the first quarter of last year, Armenia received 298.4 tons of humanitarian aid worth 1.9 billion drams ($4.7 million ). The USA sent $26.5 million worth of aid, 42.4 times growth compared to January-March 2023, Germany sent $1.7 million of aid, 2.7 times growth and India sent $1.4 million aid , 5.7 times growth. Most of the aid were rubber and rubber products (404.4 tons, worth $354,800), textile goods (112.3 tons worth $1.4 million), and mining products (48 tons worth $2,400-0-.

05/08/2024


The number of tourists visiting Armenia in the first quarter fell by 3.2% to 435,775 people

... (184,317 people or 42.3% of the total, a decline of 21.9% compared to the first quarter of last year), Georgia (61,830 people or 14.2%, an increase of 15.5%) and Iran (33,729 people or 7.7%, an increase of 32.6%). Besides, in January-March of this year Armenia was also visited by citizens from India (13,216 people), Philippines (9,417), Ukraine (5,542), USA (4,942), Germany (3,649), France (3,501), Belarus (3,124), China (2,757), Italy (2,594), Turkey (2,382), Netherlands (1,796), UAE (1,785), UK (1,561), Egypt (1,381), Belgium (1,106), Moldova ...

05/08/2024


Transfers to Visa cards of foreign banks are available in the Unibank mobile app

... the amount. The money is transferred to the recipient’s card instantly. Visa Direct Transfers may already be sent to 60 countries, including the EU countries, Great Britain, Australia, Argentina, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Egypt, India, Israel Jordan, Canada, Korea, China, Maldives, Mexico, Moldova, United Arab Emirates, Paraguay, Singapore, Ukraine, Japan, etc. See the list of the countries on www.unibank.am . Card-to-card transfers can be made around the clock and seven days ...

05/02/2024


WTO predicts world trade growth of 2.6% in 2024

... October the forecast was for 0.8 per cent trade growth in 2023 but the shipments actually declined 1.2 per cent as high energy prices and inflation continued to weigh heavily on demand for manufactured goods. The decline in world demand was also seen in India’s exports which fell 4.8 per cent to $ 431.4 billion, as per the commerce ministry data. According to the WTO inflationary pressures are expected to abate, allowing real incomes to grow again — particularly in advanced economies — thus providing ...

04/11/2024


Pashinyan says opening of Armenian-Turkish border will be a landmark event for the region

... said. The Prime Minister regretted that certain external players, guided by their own political or military-political goals, try to distort Armenia's foreign policy by putting forward false formulations on creating dividing lines in the region. "Armenia has set a course for building a multi-vector policy, partnership and diversification in its relations, including consistent development of relations not only with France, the European Union, all EU countries, but also with India, China, South Korea and Japan, which means not creating dividing lines, but establishing friendly relations and cooperation with all countries, if possible," Pashinyan noted. He called the establishment of diplomatic relations with Saudi Arabia ...

04/10/2024


Armenia to join the International Solar Alliance

... establishment of the International Solar Alliance. The aim of the agreement is to unite joint efforts in the field of solar energy development, by harmonizing technologies, innovations, financing, welfare, energy security and stable development of states. Armenia, which signed the document on November 16, 2023, will be the first country in the region to join the agreement. The International Solar Alliance was established by the joint efforts of India and France to combat climate change and utilize solar energy resources. The Alliance was conceptualized in 2015 on the sidelines of the 21st Conference of the United Nations Framework Convention on Climate Change (COP21) held in Paris. In 2020, ...

04/04/2024


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