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“Gazprom Armenia” CJSC's license extended until January 1, 2026
... /ARKA/. At a meeting on Monday, the Public Services Regulatory Commission of Armenia extended the license of “Gazprom Armenia” CJSC to import gas into Armenia for one year, until January 1, 2026. “Gazprom Armenia” CJSC is a 100% subsidiary of the Russian energy holding Gazprom. It is the sole supplier of natural gas from Russia to Armenia (for domestic consumption), which is delivered via transit through Georgia. The price of Russian gas for Armenia (at the border) in 2022 is $165 per 1,000 cubic ...
12/30/2024Armenia does not plan to restrict flights to Russia
The authorities of Armenia do not plan to limit the operation of civil aviation flights to Russia following the crash of an Azerbaijani plane near Aktau, said Sona Arutyunyan, the press secretary of the Ministry of Territorial Administration and Infrastructure of Armenia, to the ARKA news agency. YEREVAN, December 30. /ARKA/. The authorities ...
12/30/2024Pashinyan names key priorities of Armenia's chairmanship of EAEU
... strengthening of international ties," he said. Pashinyan also mentioned that priorities included, among other things, the development of cooperation potential and digital technologies, as well as the consolidation of IT communities and the introduction of ... ... Eurasian Intergovernmental Council, and the Council of the Eurasian Economic Commission. The members of the EAEU are Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan. Cuba, Moldova, and Uzbekistan have observer status.
12/26/2024Gas supply to Armenia from Russia interrupted for 6 hours due to emergency restoration work
... the press service of Gazprom Armenia CJSC reported. The company stated that during this period, uninterrupted and reliable gas supply to consumers in Armenia would continue without restrictions, utilizing internal reserves. On gas supplies from the Russian Federation to Armenia “Gazprom Armeni”a CJSC is a 100% subsidiary of the Russian energy holding PJSC Gazprom, which is the sole supplier of gas from the Russian Federation to Armenia for domestic consumption. Russian "blue fuel" ...
12/26/2024Russia allocates $68m to fund school meals programme in Armenia
... develop school infrastructure and improve the nutrition of students,’ Zakharova said at a press briefing on Wednesday. According to her, within the framework of the UN World Food Programme, in addition to providing assistance to Armenian schools, Russia actively uses the potential of other UN organizations. ‘The UN Development Program is developing the country's rural regions, nature tourism, creating jobs for young people, increasing Armenia's resilience to climate change," Zakharova said.,’ Zakharova said.
12/26/2024VTB (Armenia) supports the concert of jazzman Levon Malkhasyan
... an integral part of the bank's strategy within the framework of social responsibility, allowing us to contribute to the development of the country’s cultural life. We are honored to support such talented musicians as Levon Malkhasyan, who is a living ... ... CEO and Chairman of the Directorate of VTB (Armenia). Many renowned Armenian musicians and artists, as well as musicians from Russia, performed at the festive event alongside the invited guests. The activities of VTB Bank (Armenia) are regulated by the ...
12/25/2024Armenia's work in the CIS benefits both sides: Peskov
... the CIS is mutually beneficial, bringing advantages both to the country and to the union. YEREVAN, December 25. /ARKA/. Armenia's involvement in the CIS is mutually beneficial, bringing advantages both to the country and to the union. This is how Russian presidential press secretary Dmitry Peskov responded to a question about Yerevan's role in the Commonwealth amidst challenges in other formats, TASS reports. "Our Armenian colleagues do not participate in the CSTO, having suspended their ...
12/25/2024Iran ratifies free trade agreement with EAEU
... agreement earlier this year. The volume of trade between Iran and the EAEU increased by 11% in the first nine months of 2024 compared to the same period last year. The EAEU is an intergovernmental economic association comprising Belarus, Kazakhstan, Russia, Kyrgyzstan, and Armenia.
12/24/2024Russia to supply more than 1.5 million doses of FMD vaccine to Armenia
... contract emphasises Armenia's trust in Russian veterinary technologies and the importance of cooperation in the sphere of agriculture for both countries. “This is a mutually beneficial step contributing to the protection of animal health, economic development and strengthening of partnership relations between Russia and Armenia,” the REC representative added. The contract was signed during the 23rd session of the Intergovernmental Commission on Economic Cooperation between Russia and Armenia. The Russian Export Centre (REC Group, part of VEB.RF) is a state ...
12/23/2024Air transportation between Armenia and Russia increased by 12% in 2024 - Mher Grigoryan
The passenger and cargo transportation between Armenia and Russia by air increased by 12% in 2024 compared to the previous year, said Armenian Deputy Prime Minister Mher Grigoryan. YEREVAN, December 20. /ARKA/. The passenger and cargo transportation between Armenia and Russia by air increased by 12% in 2024 ...
12/20/2024Trade turnover between Russia and Armenia doubles to $10.2 billion - Overchuk
Trade turnover between Russia and Armenia in the first 10 months of 2024 reached $10.2 billion, which is twice as much as in the whole of 2023, Russian Deputy Prime Minister Alexei Overchuk said at a meeting of the Russian-Armenian intergovernmental commission on economic cooperation ...
12/20/2024Armenian delegation leaves for Moscow for economic cooperation talks with Russia
... intergovernmental commission on economic cooperation between Armenia and Russia in Moscow. YEREVAN, December 20. /ARКА/ The Armenian delegation will participate in the 23rd session of the intergovernmental commission on economic cooperation between Armenia and Russia in Moscow. The corresponding decision was signed by Armenian PM Nikol Pashinyan. A delegation headed by Armenian Deputy PM Mher Grigoryan has left for Moscow to attend the session. The delegation includes Armenian Deputy Foreign Minister Mnatsakan Safaryan, Deputy Minister of Education, Science, Culture, and Sports ...
12/20/2024Epidemiologist evaluates the risk of a “mild covid” epidemic in Armenia
The “mild COVID epidemic” that recently began in Russia does not pose any threat to Armenia and will not have catastrophic consequences, said Aida Hovhannisyan, an epidemiologist at the National Center for Disease Control and Prevention of the Ministry of Health, in an interview with Novosti-Armenia ...
12/20/2024Armenian Airlines to resume flights to a number of Russian cities from 20 December
The Armenian Airlines will resume flights to a number of destinations in accordance with the established schedule from 20 December, the airline said in a Facebook post. YEREVAN, 19 December. /ARKA/. The Armenian Airlines will resume flights to a number of destinations in accordance with the established schedule from 20 December, the airline said in a Facebook post. Earlier, the airline had announced the resumption of flights to all destinations from 9 December, but later announced the postponement...
12/19/2024Yerevan hotels recognised as most comfortable in OneTwoTrip rating
..., 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).
12/19/2024Armenia and Iran discuss expanding cooperation in tourism
... familiarization visit for Iranian media representatives to Armenia in 2025. Iran is among the top three countries in terms of tourist visits to Armenia: according to the Tourism Committee, of the 152,976 tourists who visited the country in November, 43% came from Russia, 12% from Georgia, and 8% from Iran.
12/18/2024IMF outlines measures to boost Armenia's economic resilience and growth
... 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 ...
12/18/2024Dalan Technopark and OVIO sign memorandum of co-operation
.... The Technopark will consist of 22 floors, 13 of which will house office premises, an exhibition hall, a research and development centre, a restaurant, a food court, a hotel, a gym, a swimming pool, conference halls and a shopping area. The Technopark ... ... is located underground, connecting Armenia to the outside world via Georgia and Iran. OVIO has three international links to Russia and Europe, which are physically and geographically separated from each other, guaranteeing reliable and uninterrupted ...
12/17/2024Armenia's trade turnover with EEU countries in January-October exceeded $11bn. - Ministry of Economy
... it was also possible to establish and develop in Armenia production of textile, which is in great demand, in particular, in Russia. The deputy minister pointed out that the EEU accounts for about 50 per cent of Armenian exports. ‘By joining the EEU,... ... than 185 million consumers. This means more opportunities for Armenian producers, exporters, more opportunities for the development of various sectors of the economy,’ Hovakimyan said. The Deputy Minister added that negotiations are underway with the ...
12/16/2024Rubinyan: Russia leaving South Caucasus on its own
The authorities of Armenia do not seek to expel Russia from the South Caucasus; Russia is leaving the region on its own, said Ruben Rubinyan, Deputy speaker of the National Assembly. YEREVAN, December 12. /ARKA/. The authorities of Armenia do not seek to expel Russia from the South Caucasus; ...
12/13/2024Nearly 153K tourists visited Armenia in November, showing slight increase
... YEREVAN, December 11. /ARKA/. A total of 152,976 tourists visited Armenia in November, according to the Armenian Tourism Committee. In November of last year, 149,919 tourists visited the country. Last month, the highest number of tourist visits came from Russia (43%), Georgia (12%), and Iran (8%). According to official statistics, over 1.92 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 ...
12/11/2024CSTO was created in a different environment and needs to be adapted to current realities - ex-Armenian Foreign Minister
... external players, but also did not contribute to building trust within the organisation,’ he said at a conference on Armenia and Russia in the conditions of global and regional reformatting: lessons and strategic choice. Ayvazyan noted that the latest CSTO ... ... the freezing of its membership in the CSTO and later also refused to pay membership fees to the organisation. On 18 September, PM Nikol Pashinyan said that the CSTO was not fulfilling its defence commitments to Armenia and was creating threats to its security,...
12/11/2024Roots Furniture: from idea to big Armenian furniture business (video)
... revolution is about ‘smart’ devices, the culture of which we are trying to bring to Armenia: the arrival of ‘smart’ equipment should take place through similar productions. As a result of co-operation with Acba Leasing we have acquired new technologies,... ... Furniture products are currently available in several dozen shops in Armenia. Now the company exports its furniture only to Russia, and in the future it intends to expand the geography of exports. The 100% shareholder of Acba Leasing is Acba Bank. Acba ...
12/11/2024Indifferent attitude led to huge disappointment: Armenian Foreign Minister on CSTO
... interview with Finnish news agency Lännen Media. YEREVAN, 9 December. /ARKA/. Armenia is still formally a part of the Russia-led Collective Security Treaty Organization (CSTO, but it said it has frozen its participation in the organisation's activities,... ... political and security issues. There is an EU mission in Armenia that monitors on the Armenia-Azerbaijan border. Such developments were unimaginable a few years ago,’ Mirzoyan said. Earlier, Armenian Prime Minister Nikol Pashinyan said that Armenia's ...
12/09/2024Over 5.3K real estate transactions made in Armenia in October, most by Russians
... garages (12.2%), 180 transactions with public buildings (3.3%), and 58 transactions with industrial buildings (1.5%). In October of this year, foreign citizens completed 157 real estate transactions in Armenia. Of these, 86 transactions were made by Russian citizens, 31 by citizens of European countries, 23 by U.S. citizens, 5 by citizens of CIS countries (excluding Russia), 1 by an Iranian citizen, and 11 by citizens of other countries. Of the 157 real estate transactions made by foreign citizens,...
12/09/2024Armenia's foreign trade for 10 months totalled $26.2bn, growth continues to slow down
... increase, to Iraq - $189m, a 26.6% increase, to Georgia ($140.9m, a 17.9% increase). The bulk of exports were precious and semi-precious stones, precious metals and articles - $7.4bn, a 5.4-fold increase compared to January-October 2023, machinery, equipment and mechanisms - $1.1bn (3.7% decrease). Imports to Armenia made $14.7bn, increasing by 50.8% compared to January-October 2023. Imports from Russia totalled $8.5bn, up 3 times. Imports from the EU fell 12.5% to $1.6 billion. Imports from Germany totalled $370 million, down 23%, from Italy - $283. 3 million, up 4.9 %, from the Netherlands - $154 million, up 4 %. Imports from China totalled ...
12/06/2024No documents on Armenia's withdrawal from the CSTO have been received - Lavrov
... anyone," Lavrov said following the OSCE Ministerial Council meeting in Malta. Lavrov said he was convinced that it is in the interests of Armenia's security to use CSTO membership to the maximum. "If a decision is made, which he (Armenian PM Nikol Pashinyan) speaks of as a foregone conclusion, it will be the sovereign right of the current Armenian leadership. Russia and other CSTO members have not taken and are not going to take any actions that would be perceived as closing the door for Yerevan," Lavrov said. ‘Armenia's return to the Collective Security Treaty Organization is becoming increasingly ...
12/05/2024Yerevan's participation in Rome Statute harms Armenia's relations with Russia - Zakharova
Yerevan's participation in the Rome Statute ‘against the background of quasi-orders’ issued in The Hague for the arrest of a number of Russian officials causes direct damage to Russian-Armenian relations not only symbolically, but also quite practically, Russian Foreign Ministry spokesperson Maria Zakharova said. YEREVAN, 4 December. /ARKA/. Yerevan's participation in the Rome ...
12/04/2024MP from ruling Armenian party defies PM Pashinyan's request to resign
... Public Television the other day, Pashinyan said he had called on Aghazaryan to resign his parliamentary mandate. Aghazaryan later told reporters that he would make a decision on the issue only after listening to the opinion of his childhood friend from Russia. I have come to certain conclusions by communicating with numerous friends, and with your permission I will make a statement. Dear citizens, the Prime Minister of Armenia Nikol Pashinyan has asked me to resign my mandate as a deputy of the National ...
12/02/2024Net inflow of non-commercial money transfers to Armenia from abroad down 1.4 times in 10 months of 2024
... million in October last year. The inflow of cross-border remittances received from abroad through the banking system in January-October 2024 stood at about $4.5 billion against $4.8 billion in the same period of 2023. The bulk of remittances came from Russia - $2.9 billion and the US - $555.9 million. Russia and the United States were the leaders in remittances to Armenia in the same period last year ($3.4 billion and $542.8 million respectively). The outflow of private remittances from Armenia to ...
12/02/2024Armenia to host next meeting of EEU Joint Board of Customs Services in 2025
Armenia will host a regular session of the Joint Board of Customs Services of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, which are members of the Eurasian Economic Union (EEU). YEREVAN, 29 November. /ARKA/. Armenia will host a regular session of the Joint Board of Customs Services of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, which are members of the ...
11/29/2024Russia is ready for frank and substantive conversation with Yerevan - Deputy Foreign Minister
Russia remains committed to the entire set of agreements signed with Armenia, Russian Deputy Foreign Minister Mikhail Galuzin said at the second Russia-Armenia public forum. YEREVAN, 29 November. /ARKA/. Russia remains committed to the entire set ...
11/29/2024Russia appoints new defence attaché to its embassy in Armenia
Armenian Defence Minister Suren Papikyan received on Friday the Russian Ambassador to Armenia Sergey Kopyrkin and the newly appointed attaché of the Russian Embassy on defence issues Colonel Alexander Goryanov. YEREVAN, 29 November. /ARKA/. Armenian Defence Minister Suren Papikyan received on Friday the Russian ...
11/29/2024Armenian and Azerbaijani deputy prime ministers had a brief conversation in Moscow
Deputy Prime Ministers of Armenia and Azerbaijan Mher Grigoryan and Yagub Eyubov had a brief conversation on the sidelines of a gathering in Russia that bought together top officials from several former Soviet republics, which are members of the Commonwealth of Independent States (CIS). YEREVAN, 29 November. /ARKA/. Deputy Prime Ministers of Armenia and Azerbaijan Mher Grigoryan and Yagub ...
11/29/2024Tourist arrivals in Armenia may reach 2 million by end of 2024
... 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%).
11/29/2024Putin: ‘Today's situation between Armenia and CSTO most likely dictated by internal political processes in Armenia itself’
... today. If that is so, then there is a possibility that Armenia would return to full-scale work within CSTO. We'll see. I will repeat once again, the decision in the end, of course, is up to the member country of the organisation,’ Putin said. Armenian PM Nikol Pashinyan did not participate in the gathering In February 2024, Armenia announced the freezing of its membership in the CSTO and later also refused to pay membership fees to the Russia-led organisation. On 12 June, Armenian Prime Minister Nikol Pashinyan said that the next logical step in relations with the CSTO would be to withdraw from the military pact, which failed to protect its member Armenia when Azerbaijan invades parts ...
11/28/2024Armenia to receive €12.9 million from European Commission for nuclear safety enhancement
... been extended until 2026, and efforts are underway to extend it further for an additional 10 years. A new nuclear power plant is planned to be built within 8-10 years. Currently, various options are being compared, and the experience of partners from Russia, the USA, and South Korea is being studied. The Armenian side is already reviewing a preliminary feasibility study for the construction of a new 1200 MW unit, developed by the ‘’Rosatom’’ state corporation. Earlier, Kirill Komarov, First ...
11/28/2024Armenia to develop medical and health tourism - head of Tourism Committee
... 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-
11/28/2024Russia waits for response: Zakharova on delay in opening of Russian consulate in southern Armenia
The situation with the opening of the Russian consulate in Armenia's Kapan has not changed, Russian Foreign Ministry spokesperson Maria Zakharova said at a press briefing on Wednesday. YEREVAN, 27 November. /ARKA/. The situation with the opening of the Russian consulate in Armenia's Kapan ...
11/27/2024Numbeo ranks Armenia among the top 10 safest countries in the world
... Armenia has ranked among the top 10 safest countries in the world, according to the 2024 Numbeo Safety Index. Armenia ranked 8th (77.6 points). Last year, the country was in 7th place. Georgia ranks 20th (73.9 points), Azerbaijan 33rd (68.4 points), Russia 51st (60.9 points), Turkey 53rd (59.1 points), and Iran 90th (50.5 points). A total of 146 countries are included in the ranking, with only those having a population of over 1 million people. Andorra tops the list (87.1 points), followed by the ...
11/27/2024Open borders and better logistics could positively affect Armenia’s trade prospects– EBRD Managing Director
... members of the Euroasian economic union. Elisabetta Falchetti, Managing Director of the European Bank for Reconstruction and Development (EBRD) for Turkey and the Caucasus, stated this in an interview with the ARKA news agency. According to her, as a small ... ... international sanctions on the third neighbour, Iran, limits trade in that direction. Since February 2022, economic sanctions on Russia introduced by many developed economies put the trade with Armenia’s biggest export market on a risky ground. Therefore,...
11/27/2024IMF forecasts inflation in Armenia at 0.2 percent in 2024 and 3.1 percent in 2025
... Armenia Umang Rawat, presenting the report "Caucasus and Central Asia: Economic Outlook and Political Challenges." He noted that 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 to Rawat, after a significant increase in 2022, inflation was reduced thanks to the implementation of prudent policies ...
11/26/2024IMF: Armenia's economy to grow by up to 5.5% by 2028
... Central Asia: Economic Outlook and Policy Challenges. He noted that in 2022-2023, the trade sector, the influx of labor, and developments in the financial sector contributed to the expansion of Armenia's economy and its high growth. "However, the drivers ... ... 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 ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... do you assess the risks and opportunities for Armenia's economy and regional development in the context of geopolitical developments, in particular the peace talks between Armenia and Azerbaijan? Elisabetta Falcetti As a small and landlocked market Armenia ... ... international sanctions on the third neighbour, Iran, limits trade in that direction. Since February 2022, economic sanctions on Russia introduced by many developed economies put the trade with Armenia’s biggest export market on a risky ground. Therefore,...
11/26/2024Armenian Foreign Minister will not take part in CSTO meeting
... session will be held on 28 November in Astana, Kazakhstan. The officials are expected to exchange views on the military-political situation in the collective security regions. The results of co-operation within the CSTO and prospects for further development of the collective security system will be discussed. In February 2024, Armenia announced the freezing of its membership in the CSTO and later also refused to pay membership fees to the Russia-dominated organization. On 12 June, Armenian Prime Minister Nikol Pashinyan said that the next logical step in relations with the CSTO would be to withdraw from the organisation. On 18 September, Pashinyan said that the CSTO was not fulfilling ...
11/25/2024Moscow finds BRICS platform attractive for Armenia
Russian Ambassador to Armenia Sergey Kopyrkin states that too little time has passed to assess any new developments in the official position of Yerevan regarding BRICS activities following the summit in Kazan. YEREVAN, November 25. /ARKA/. Russian Ambassador to Armenia Sergey Kopyrkin states that too little time has passed to assess any new developments ...
11/25/2024Russia remains committed to its security obligations to Armenia – Ambassador
... Armenia’s possible participation in the CSTO Collective Security Council session on November 28 in Astana, the resumption of Armenia’s full participation in the CSTO, and Armenia’s suspension of its involvement in the CSTO and its impact on the development of relations between Moscow and Yerevan. According to him, Russia remains committed to its obligations to ensure Armenia's security, both bilaterally and within the framework of the CSTO. “We also count on the active participation of our Armenian partners in joint efforts to develop an equal and indivisible ...
11/25/2024Russian investments in Armenia total around $4 billion – Kopyrkin
... 25. /ARKA/. The total amount of accumulated Russian investments in Armenia is approximately $4 billion, Russian Ambassador to Armenia Sergey Kopyrkin, in an interview with ‘’Izvestia’’. According to him, the catalyst for the dynamic development of Russian-Armenian trade and economic relations is largely the cooperation within the framework of the Eurasian Economic Union. "The impressive figures of our mutual trade would simply be impossible without the effective efforts of the EAEU bodies ...
11/25/2024Armenia and Russia plan to reach record $14-16bn trade turnover - Russian Ambassador
... the whole of last year, which stood at $7.4bn,‘’ he said in an interview with Russian daily 'Izvestia'. Kopyrkin also noted that work is underway to launch joint economic projects in Armenia, which will make a tangible contribution to the development of Armenian industry, create new jobs and increase tax revenues. Russia is still Armenia’s largest foreign trade partner. According to the National Statistical Committee, the trade turnover between the countries in the first 9 months of 2024 exceeded $9.7bn, almost doubling compared to January-September 2023. Armenian ...
11/25/2024Armenia sees 20.1% drop in Russian tourists - Ministry of Economy
The decline in the total number of tourists arriving in Armenia during the first nine months of this year is primarily attributed to a decrease in visitors from Russia, who represent the largest share. YEREVAN, November 22. /ARKA/. The decline in the total number of tourists arriving in Armenia during the first nine months of this year is primarily attributed to a decrease in visitors from Russia,...
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