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Tech specs for Yerevan metro's 12th station “Surmalu” finalized, results to be presented this week
... 12th Surmalu Metro station is not clear. It is assumed that it will be situated between the two existing metro stations, Sasuntsi David and Zoravar Andranik, providing access to two shopping centers, Surmalu and Petak, as well as Sevan Street via an alternative urban transport route. This will help alleviate traffic congestion in the area.
12/23/2024Eastern Horoscope for 2025: Year of the Snake – A Time for Change
... years — 1962, 1974, 1986, 1998, 2010, 2022 Be cautious this year and avoid falling into the traps set by the Green Snake. It may seem like everything is going according to plan, but unforeseen problems may arise, and you'll need to improvise or find alternative solutions. To avoid financial losses, adopt a long-term strategy and make unconventional decisions. In your work environment, things won't be straightforward either. A colleague may envy you and start scheming behind your back. Be more cunning,...
12/18/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... Akhalkatsi, in response to a question from the ARKA news agency about Georgia’s experience after implementing a similar program, stated that it is particularly important for small and medium-sized businesses, as these companies are the ones seeking alternative sources of financing. "As a result of the program's implementation, the development of the securities market in Armenia is expected. When we started in Georgia, the number of issuers was quite small, but we managed to double it. We are ...
12/11/2024Armenia and Azerbaijan make progress in peace agreement – Mirzoyan
... draft Agreement, and if there is enough political will, it can be concluded and signed swiftly. Well, Armenia has continuously proven its readiness to sign the Agreement and close the page of enmity in South Caucasus. We are confident that peace has no alternative as the people in our region has already suffered a lot from bloody conflicts. Against all odds, we are determined to continue our efforts to reach the desired goal. In this regard, the connectivity project called “Crossroads of Peace” ...
12/06/2024Tender for 12th Yerevan metro station to be announced soon
... located. It is expected to be situated between the two existing metro stations, ‘’Sasuntsi David’’ and ‘’Zoravar Andranik’’, providing access to the two shopping centers, ‘’Surmalu’’ and ‘’Petak’’, as well as offering an alternative urban transportation route to Sevan Street. This is expected to help alleviate traffic congestion in the area.-0-
12/02/2024Ameriabank Named Armenia’s Best Bank for Real Estate by Euromoney
... efforts and achievements to date”․ To add, Ameriabank’s mortgage team recently presented the bank’s latest accomplishments at the Synchome 2024 workshop in Prague. The event brought together around 70 international delegates from banking, fintech, alternative mortgage, and other key industry sectors from more than 15 countries. Participants discussed technological advancements and innovative solutions in home loan ecosystems. Ameriabank is the absolute leader in the mortgage market of Armenia, ...
11/29/2024EBRD expected to approve Armenia Country Strategy in first quarter of 2025
... about supporting Armenia’s further development and integration into global economy,' she said. According to her, next month with the support of EU, EBRD will be launching Capital Markets Support Program to boost the local capital markets and create alternative financing solutions for the local SMEs. The programme aims to provide assistance to Armenian corporate issuers of bonds and equity, through tailored capacity-building and grant co-financing of issuance-related expenses. 'We look forward to ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... Yerevan that are passionate about supporting Armenia’s further development and integration into global economy. Next month with the support of EU, we will be launching Capital Markets Support Program to boost the local capital markets and create alternative financing solutions for the local SMEs. The programme aims to provide assistance to Armenian corporate issuers of bonds and equity, through tailored capacity-building and grant co-financing of issuance-related expenses. We look forward to ...
11/26/2024Winter conscription for Armenian Armed Forces from November 25 to January 31
... will turn 18 by December 31, 2024, as well as those whose deferment from compulsory military service expires on or before December 1, 2024, will be called up to the army. As part of the winter draft, military personnel who have completed compulsory or alternative service will be demobilized from January 9 to 31, 2025, in accordance with the established procedure. -0-
11/21/2024Ardshinbank participates in Banking Forum 2024
... Ratings (BB- (Stable)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets. Ardshinbank is committed to invest in the alternative energy sector, further advancing the bank’s journey towards green banking. The bank’s operational framework is anchored on social and environmental responsibility, coupled with strong corporate governance․Bank is regulated by the Central ...
11/12/2024Yerevan's new Surmalu metro station project nears finalization, financing under discussion
... unclear exactly where the 12th Surmalu metro station will be located. It is expected to be situated between the two existing metro stations, Sasuntsi David and Zoravar Andranik, providing access to the Surmalu and Petak shopping centers, as well as an alternative urban transport route to Sevan Street. This will help alleviate traffic in the area. -0-
11/11/2024Armenia and Iran aim at bringing trade turnover to $3bn.
... Public Television. Ekhbalizarch noted that President Pezeshkian's government considers cooperation with neighbours as a priority. ‘In this context, the South Caucasus has always been in the spotlight as a political and cultural civilisation and an alternative territory for Iran's access to the Black Sea,’ he said. Armenian Economy Minister Gevorg Papoyan noted in late September that the trade turnover between Armenia and Iran, having recorded a sharp increase, exceeded $700 million in 2023. According ...
11/06/2024Armenia claims 'Crossroads of Peace' means to generate revenue for itself and neighboring countries
... neighboring countries, stated Armenian Minister of Economy Gevorg Papoyan. This is a new transport route. Regardless of the circumstances, Chinese goods should reach French supermarkets, and French goods should reach Chinese ones. We are offering a simple alternative to the existing complex delivery routes," Papoyan said at a briefing in parliament on Tuesday. "Many countries have welcomed this project. Negotiations with Azerbaijan and Turkey are still ongoing. We affirm that we have no issues ...
11/05/2024Yerevan City Hall discusses with Central Bank option to pay for transport with bank cards
... possible to transition to nearly 100% cashless payments by January 1, 2025. "The latest developments indicate that, overall, Yerevan residents (adequately) accept the unified ticket system, albeit with its challenges, and this system clearly has no alternative. It’s not complicated; you just need to try it once, and since the payment methods are diverse, everyone will find the best option for themselves," Avinyan stated. He reminded that the full transition to a single ticket system must ...
11/04/2024West is forcing its mediation services on Armenia and Azerbaijan - Lavrov
... its fragmentation. "As a result of aggressive actions by the US, NATO and the European Union, the risks of our continent’s fragmentation have increased. The European security architecture being discussed by us is meant to become a constructive alternative to these negative trends, stabilize the military and political situation on the shared continent, ensure its unity and interconnectedness and remove any threats from the Western Euro-Atlantic direction," Russian Foreign Minister said.-0- -0-
10/31/2024Armenia considers presence of extraterritorial corridors in region unacceptable; Iran supports principle of territorial integrity – Armenian ambassador
... establishing peace and stability in the region is the unblocking of transport and economic infrastructure, which is one of the priorities of the Armenian government. Avakyan also touched upon the proposal to consider the “Aras Communication Road” as an alternative and replacement for the so-called “Zangezur Corridor”. He again alluded to the “Crossroads of Peace” project presented by Armenian government, aimed at unblocking economic communications, increasing the transit potential of the countries ...
10/21/2024Zakharova comments on Pashinyan's proposal for Russia to monitor security of regional routes through Armenia
... reached at the highest level within the trilateral framework," said Maria Zakharova, the official representative of the Russian Foreign Ministry, during a press briefing on Wednesday. She noted that significant work has been carried out by the trilateral ... ... remaining issues and differing interpretations within the same framework in which they were initially discussed. “We see no alternative to this approach and will continue working in this direction”, Zakharova stated.
10/17/2024"Green Portfolio": ethical and profitable investment
... energy requires specialised batteries. BloombergNEF forecasts that the global storage market will grow sixfold between 2020 and 2030. The most important innovations in this field are solid-state batteries, which are characterised by increased safety and alternative chemical composition. Developments in the modernisation of power grids are also playing a major role: improved metering, dynamic load management. In the hydropower sector, technologies to increase the capacity of dams, low head and variable ...
10/02/2024Armenia will never give up sovereignty over communication-PM
... goods, vehicles and people on its territory, and “we guarantee this.” In his speech, he also noted the relevance of implementing an effective transport and logistics policy for Armenia. "In terms of reducing cargo delivery times, finding new alternative communications between Asia and Europe, between the North and the South, I would like to once again focus on the Armenian government's "Crossroads of Peace" project. The goal of the project is to create the most favorable conditions ...
10/01/2024Armenia denies rumors of 700 Armenian trucks on Georgian border
... However, as soon as we try to deal with the problem, it often turns out that it has already been solved. Trade turnover is constantly growing, so it is necessary to constantly develop and expand infrastructure on both the Armenian-Georgian and Georgian-Russian borders," Papoyan told journalists. As an alternative to the ‘’Upper Lars’’ checkpoint on the Georgian-Russian border, the minister named the Poti-Novorossiysk ferry crossing, but the ferry is currently unprofitable. In his opinion, as a result of the increased throughput capacity of ...
09/26/2024MP from Armenia's ruling party names conditions under which Armenia will buy gas from Baku.
... the cheapest and the best quality gas. If Azerbaijan supplies that gas, then this issue can be discussed. But again, if it proceeds from Armenian interests. At the same time, of course, we should preserve the principle of diversification, as well as alternative sources,’ Tunyan told reporters in parliament. Answering the question whether Armenia will not become dependent on Azerbaijan if it starts buying gas from Baku, the MP said that dependence arises only in case of buying energy resources from ...
09/25/2024Nork-Marash connects with Yerevan center by alternative road
Nork-Marash district will have a new alternative road connecting it with the center of Yerevan. YEREVAN, September 20 /ARKA/. Nork-Marash district will have a new alternative road connecting it with the center of Yerevan. This will significantly relieve traffic on Armenakyan Street. ...
09/20/2024Saving a large amount of money: mission achievable
... really a necessity. Thinking, for example, about buying a new device, allocate the amount and postpone the purchase for 30 days. During this period, you will be able to more carefully approach the choice, perhaps revise the original option and find an alternative. It is possible that after a month you will reconsider the decision to make an impulse purchase. If you refuse to spend, do not withdraw the money you have put aside from your savings account Increase your income Seek to generate additional ...
09/04/2024Ardshinbank receives necessary approvals for acquiring HSBC Armenia
... Ratings (BB- (Stable)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets. Ardshinbank is committed to invest in the alternative energy sector, further advancing the bank’s journey towards green banking. The bank’s operational framework is anchored on social and environmental responsibility, coupled with strong corporate governance․
08/27/2024Global recession or just an adjustment: what awaits Armenia amid the "storm" in the world stock markets
... significant problems in the world economy, and what happened may be a harbinger of a new global crisis. Tatul Manaseryan, Head of the Alternative Research Centre, and economist Hrant Mikayelyan shared their opinions on the development of the situation and its ... ... the global crisis does start," he said. The economist also drew attention to additional risks related to geopolitics and Russian-Armenian relations.. "We see that they are already manifested in the export of agricultural products. There are ...
08/07/2024Top 5 areas for investment in 2024
... the negative impact of climate factors and to function with limited resources. The technological prowess of companies attracts investors willing to invest in progressive industries. In addition, the trend towards plant-based diets and the search for alternative proteins and crops is opening up opportunities for the development of new areas of the market. Possible risks The performance of companies operating in the sector is strongly influenced by seasonal factors. Low yields reduce production volumes,...
07/25/2024What is portfolio diversification and why is it necessary
... but stable income, as they are issued by reliable issuers with high ratings. Cash is an instrument that loses a lot with inflation and does not bring passive income. However, it is effective when the market situation is unstable and all assets fall. Alternative assets are investments in luxury goods and art, exchange commodities (energy, textile raw materials, products of agro-industrial and agricultural sector). A portfolio of one asset class . The main principle of this strategy is to collect as ...
07/04/2024It's time to make peace: US discusses alternative export route from Central Asia via Armenia and Azerbaijan
The United States seeks to ensure that the export of goods from Central Asia goes not through Russia and China, but through alternative routes, including Azerbaijan, US Assistant Secretary of State for European and Eurasian Affairs James O'Brien told a press hearing of the House Foreign Affairs Committee, Russian news agency Tass reported. YEREVAN, 27 June. /ARKA/. The United States seeks to ensure that the export of goods from Central Asia goes not through Russia and China, but through alternative routes, including Azerbaijan, US Assistant Secretary ...
06/27/2024Special programme in Vayots Dzor: 2 schools will become energy independent (VIDEO)
... Armenia and solar energy can help," Skau said. Head of the programmes department of the Hayastan All-Armenian Fund Zaruhi Aznauryan noted that this is a very good project carried out by the World Food Programme. "The Fund, being an advocate of alternative energy and focusing on community development, was very happy to be part of this collaboration. The programme is implemented with funds generated from the transactions of Visa charity cardholders issued jointly by Acba Bank and Hayastan All-Armenian ...
06/25/2024A new road network is being formed in Armenia - Pashinyan
... Pashinyan has announced the construction of a new road network in Armenia during his visit to Syunik region on Sunday. He said the a strategic decision was made 18 months to expand the road network not by widening the existing roads, but by creating alternative ones. According to him, this can also have a positive impact on the economic life of some settlements. In this context, the Prime Minister noted that the construction of the road in Syunik is to become the beginning of the formation of a new ...
06/17/2024Armenia to establish temporary cargo route in flooded region amid railway devastation
... substations, and other infrastructure facilities were damaged. It’s going to take a lot of time to restart the railway traffic,” Sanosyan said at a government meeting. Prime Minister Nikol Pashinyan announced that his deputy Mher Grigoryan met with Russian specialists who ensured railway traffic can be restarted in a short space of time, though. Sanosyan said that a decision to establish an alternative route was made. “The trains will transport cargo [from the south] to the Ayrum station where there’s an abandoned bridge across the river nearby. We’re going to renovate it and route lorries through the bridge to the railway station ...
05/30/2024Armenia-EU cooperation has significant potential for development - EC Vice-President
... energy, infrastructure, capital market and other sectors, the presidential press service reports. They also touched upon the implementation of a number of large joint projects, as well as exchanged views on the possibilities of developing green and alternative energy in Armenia. The sides also touched upon the steps taken towards the diversification of Armenia's economy and the elimination of obstacles on that path. -0-
05/16/2024EBRD and USAID to develop connectivity in the South Caucasus
... energy, investment in new industries, as well as transport and digital infrastructure in Armenia , Azerbaijan and Georgia . Strengthening the Middle Corridor will create new, transformative economic opportunities across the region and provide an alternative transport route to existing commercial corridors. The MoU seeks to enhance the planning, design and construction of critical energy, transport, digital and agricultural infrastructure in the region. It also aims to: improve the efficiency ...
05/16/2024FMO provides Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
... of great importance both for Ardshinbank and for our country's economy. The MSME sector is extremely important for Armenia's economic development, export promotion, and creation of new jobs. Additionally, this is a unique innovation, as there are no alternative services in the market providing the credit portfolio protection that Nasira offers." "FMO has been active for a long time in Armenia and we are very happy that we are now also engaging with Ardshinbank, one of Armenia’s leading ...
05/15/2024World Bank helps Armenia strengthen management of forests, wetlands, and protected areas
... country’s biggest assets. This asset has been threatened by man-made deforestation and landscape degradation, fueled by unsustainable practices of communities and weak environmental oversight. The RESILAND project addresses forest degradation by providing alternative livelihoods for communities and by strengthening oversight mechanisms through improvements to the policy framework,” said Carolin Geginat, World Bank Country Manager for Armenia. Armenia, known for its rich biological diversity, faces a ...
05/10/2024Major diamond industry companies warn G7 about consequences of sanctions against Russia
... Russian diamonds, effective from Jan. 1. That is to be followed by gradual implementation of restrictions on indirectly imported Russian diamonds starting from March 1. By September, a new system for verifying the origins of these gems is expected to be in ... ... great damage to the world diamond industry. We hope that the concerns we are voicing will convince the G7 governments that an alternative solution must be found,” WFDB president Yoram Dvash said in a Feb. 28 statement to The Northern Miner. Criticism ...
03/04/2024Simonyan believes there could have been collusion between Russia and Azerbaijan over Nagorno-Karabakh
... was in a joint process (with Azerbaijan to help it recapture Nagorno-Karabakh). And I am sure that the joint process lasted for long. I am sure that the war in Ukraine started with the war in Nagorno-Karabakh: it was necessary (for Russia) to get an alternative route to bypass possible sanctions, which is being done now: Azerbaijan now sells Russian gas to Europe through its own pipelines," he told reporters in parliament. . "When you compare the facts, you realize that everything was interconnected. I can even say that the beginning was laid in Syria when Russia and Turkey clashed....
02/29/2024No decision on withdrawal from CSTO, no discussions on NATO – parliament speaker says
... he told reporters. Simonyan noted that he does not know what other problems may arise if Armenia decides to withdraw from the Russian-led organization after all. "Will they attack us, impose sanctions? We needed protection both in Nagorno-Karabakh ... ... withdrawn from its allied obligations. At the same time, Simonyan said that the existing security system does not work, and the alternative is to use all possibilities, including through attempts to revitalize the CSTO. "It is obvious that this system ...
02/29/2024The impact of technology on financial market. Would you trust robots with your money?
... (certificates) or digital rights. They are a kind of "shell". The most famous example is NFT: tokens that denote ownership of unique objects, such as art and collectibles. Thus, the development of blockchain opens up ways for investors to invest in alternative assets with great growth potential. Automation is changing the transaction process in several ways: - Simplifies investing and makes it more affordable - Reduces costs by eliminating intermediaries - Eliminates the risk of human error - Offers ...
02/21/2024There is very strict order from Ministry of Defense of Armenia not to provoke any escalation, Pashinyan
... strategy of the Azerbaijani government is aimed at deepening enmity in our region, which is a very disturbing fact. But despite all these facts, the Armenian r government is devoted to the peace process, because our belief is that the peace process has no alternative. ‘Of course, we should do everything to achieve concrete results in the peace process, and we are doing it. But unfortunately, it is not possible to do this without the political will of the other side. And today's incident that claimed ...
02/14/2024Armenian men, who received citizenship after reaching the age of 27, can be drafted into the army from February 12
... According to the new wording of the law, persons who have obtained Armenian citizenship upon reaching the age of 27 but are younger than 37 and who have completed less than 12 months of compulsory service in another country or less than 18 months of alternative service can be drafted for compulsory service in Armenia. This paragraph of the law also notes that new citizens of Armenia who have not completed compulsory or alternative service in the armed forces of another country before their 37th birthday ...
02/09/2024Ardshinbank announces agreement to acquire HSBC Armenia
... (B+ (Positive)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets. Ardshinbank is committed to invest in the alternative energy sector, further advancing the bank’s journey towards green banking. The bank’s operational framework is anchored on social and environmental responsibility, coupled with strong corporate governance. Ardshinbank is regulated by the ...
02/06/2024More than 140 thousand young people in Armenia not involved in any educational program - Minister
... alarming," Andreasyan said during the parliamentary hearings on legislative reforms in the vocational education system. She considers such a situation unacceptable. "After all, every person is valuable, and the development of human capital has no alternative in terms of both social and economic development," Andreasyan emphasized. She noted that unskilled labor force is "the most vulnerable group" and, as numerous studies show, it is their families who face the risk of poverty in ...
01/24/2024Investment products: basic concepts, features of instruments, pros and cons
... long period the instrument becomes effective. - Uninsured risks. In case of bankruptcy of the fund, investors lose money. - For diversification it is not enough to invest in one fund, as quotes may drop significantly due to the crisis in the sector. Alternative ways of investing This term has a fairly broad and loose interpretation, including many different items. Here are a few popular ways of alternative investing. Buying a stake in a non-public company. Private investors invest in a business, ...
01/24/2024USAID ready to expand cooperation with Armenia
... the existing humanitarian challenges. The results of Power's recent visit to the region were touched upon. President Khachaturyan once again emphasized Armenia's principled position on achieving a stable and lasting peace and noted that there is no alternative to the peace process. -0-
01/19/2024Investments for specific purposes: retirement planning and education
... against inflation in the long term. Secondly, after almost two decades, the accounts are likely to close, you will have to open new ones and transfer the amount. Finally, early withdrawals in some cases may not allow you to save interest. An optimal alternative to a standard deposit is an open-ended savings account. In this case, there are no restrictions on replenishment and withdrawal of funds, no minimum amount is required for opening, and the interest rate increases throughout the term. The main ...
01/17/2024New road to Zvartnots airport and new bridge over Hrazdan River to be built in Yerevan
... specified in the plan He said a corresponding request has been sent to the Public Investment Council under the government, because ‘such large projects can be realized only with the support of the government.’ The plan calls for construction of an alternative road to connect the capital city with Zvartnots international airport, a new bridge in Hrazdan Gorge, which will connect Tbilisi Highway and Yeghvard Highway. The plan also stipulates that up to 50 kilometers of roads will be repaired annually....
12/26/2023Armenian parliament votes to make Probation Service a separate type of state service
... positions or engage in certain activities, as well as restriction of freedom and expulsion of foreign citizens from the country," Deputy Minister of Justice Levon Balyan said. The Probation Service, according to him, also provides for house arrest, alternative measures of administrative control, supervision of persons who are not serving a suspended sentence and many other things. The initiative also provides for the introduction of a certification system for the employees of the service, in case ...
12/22/2023Russia warns against attempts to renounce Russian-Azerbaijani-Armenian agreements
... Russian, Azerbaijani and Armenian leaders are extremely dangerous in the absence of a peace treaty between Baku and Yerevan, Russian Foreign Ministry Spokeswoman Maria Zakharova said, Tass reported. "The package of trilateral agreements made up ... ..., January 11 and November 26, 2021, and October 31, 2022 is a roadmap for reconciliation between Baku and Yerevan and has no alternative," she said. "It embraces all key spheres of Armenian-Azerbaijani normalization: unblocking economic and ...
12/15/2023EEU membership has no alternative for Armenia at the moment - pro-government MP
Armenia's membership in the Eurasian Economic Union (EEU, it includes also Belarus, Kazakhstan, Kyrgyzstan and Russia) has no alternative at the moment, Vagharshak Hakobyan, MP from the ruling Civil Contract party and Deputy Chairman of the Standing Committee on Regional and Eurasian Integration Issues, told reporters on Tuesday. YEREVAN, December 12. /ARKA/. Armenia's ...
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