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EEC Board grants tariff concession for butter imports to Armenia
... (EEC, the executive arm of the Eurasian Economic Union)McUSTOMShas decided to exempt Armenia from paying import customs duty on imports of not more than 2,000 tonnes of butter. Exemption from customs duties for 25,000 tonnes was also granted to the Russian Federation. This measure, according to the EEC, will be valid from the date of entry into force of the document until 15 June 2025, according to the EEC website. The measure is necessary to ensure an additional supply of butter on the domestic market in order to curb price growth and prevent shortages. The supplied butter can be ...
12/02/2024UN Court gives Armenia and Azerbaijan time to prepare documents on racial discrimination applications
... the cases on the merits was suspended. On 12 November, the court ruled that it had jurisdiction to hear both claims, with the exception of Azerbaijan's claims relating to environmental damage and alleged acts occurring before 15 September 1996 (the entry into force between the parties of the International Convention on the Elimination of All Forms of Racial Discrimination).-0-
11/19/2024Armenia to launch new unified emergency number
... through a single phone number, from one point, with faster service," said Minister of Internal Affairs Vahe Ghazaryan. Accordin to the minister, a unified educational complex for the Ministry of Internal Affairs will be established. "A single entry channel into the police system will be introduced, and continuous training for staff will be guaranteed," he added, noting that these measures are planned for implementation in 2026. -0-
11/15/2024Armenia and Azerbaijan discuss sequence of sections for further border delimitation
... deputy ministers chair the respective commissions on border delimitation. The press service of the Armenian Foreign Ministry reported that the parties exchanged notifications regarding the completion of their states' internal procedures necessary for the entry into force of the border Regulations from November 1, 2024. The parties exchanged views on the sequence of sections/segments of the border line for further delimitation, and also agreed to determine the date and place of the next meeting. Grigoryan ...
11/01/2024Armenian Foreign Minister sees no obstacles for resuming border delimitation process with Azerbaijan
... Mirzoyan stated in parliament that since Armenia and Azerbaijan have ratified the Regulation on the joint work of their commissions for state border delimitation and demarcation, both parties will soon officially notify each other about the document’s entry into force. YEREVAN, October 31. /ARKA/. Armenian Foreign Minister Ararat Mirzoyan stated in parliament that since Armenia and Azerbaijan have ratified the Regulation on the joint work of their commissions for state border delimitation and demarcation,...
10/31/2024Pashinyan says Armenia ready to sign peace treaty with Azerbaijan
... fulfill the obligations assumed by the parties to the peace treaty," Pashinyan said in his speech at the BRICS+ summit in Russian Kazan. According to him, already today, the agreed content of the draft treaty formulates and resolves all the fundamental ... ... ratified the regulation on the commissions on delimitation of the state border between Armenia and Azerbaijan. "After the entry into force of this document in both countries, we will be able to intensify the process of delimitation of the state border ...
10/24/2024Armenian government tightens entry procedures for citizens of India, Iraq and Egypt due to the large number of illegal migrants
In order to regulate migration flows to Armenia and prevent illegal migration, the entry procedure for citizens of India, Iraq and Egypt will be tightened. YEREVAN, October 24. /ARKA/. In order to regulate migration flows to Armenia and prevent illegal migration, the entry procedure for citizens of India, Iraq and Egypt will be tightened....
10/24/2024Venture capital: the most exciting investments
... pays a commission, but it is less than in funds. An investor club can organise a syndicate and jointly invest in one start-up. The role of manager is played by an experienced participant who selects the project and supervises the whole process. The entry threshold for a syndicate is lower than for a fund, but there are additional fees, such as legal fees and interest to the manager. Let's highlight the main point Venture capital investment is financing of technology start-ups capable of making ...
10/22/2024Armenia and Iran actively cooperate in road construction, transport and energy - Ambassador
... capacity and the use of the enormous transit potential of the two states as the next step in the development of bilateral economic relations. “To achieve this goal, we emphasize the importance of implementing practical steps towards ensuring free entry of passenger and cargo transport to Armenia and Iran, as well as the modernization of the Meghri border crossing point, carried out by an Iranian company,” Avakyan noted. Speaking about significant achievements in the energy sector, the ambassador ...
10/21/2024Armenia allocates AMD 18.5 mln for research of serum against small ruminant plague
... ruminant plague. YEREVAN, October 3. /ARKA/. The Armenian government approved today the allocation of AMD 18.5mln for the program of research of serum against small ruminant plague. The program is aimed at assessing the risks of possible entry of the disease, identifying or excluding the spread of the virus in specific communities, as well as recognizing Armenia as a disease-free territory at the international level. Effective implementation of the program activities depends on two ...
10/03/2024Iran eases vehicle entry for Armenian travellers
The Touring and Automobile Club of Iran has introduced a new initiative to facilitate the entry of vehicles from Armenia into the Islamic Republic, the Tehran Times reported. YEREVAN, September 30. /ARKA/. The Touring and Automobile Club of Iran has introduced a new initiative to facilitate the entry of vehicles from Armenia into the Islamic ...
09/30/2024EEC proposes to set the duty-free threshold for import of goods at the level of 200 euros for 2025
... decisions on establishing a single rate of customs duty on a new category of goods - ‘electronic commerce goods’, as well as the duty-free import threshold. He reminded that the relevant rate and threshold should begin to operate simultaneously with the entry into force of amendments to the Customs Code of the Eurasian Economic Union, singling out e-commerce as a separate type of economic activity. As Slepnev noted, as a starting point for discussion, it is proposed to establish a single rate of 5%, ...
09/25/2024What is IPO and whether it is possible to make money on it
In this article we are talking about the company's entry to the market, participants of the process and ways to get profit YEREVAN, 24 September. /ARKA/. Buying securities is one of the most common ways to invest. Often people want to invest in the business of well-known and large issuers. This is the ...
09/24/2024Armenia's Foreign Ministry warns citizens about entry denials despite holding Schengen visas
... unconditional right to enter the Schengen Area YEREVAN, August 26. /ARKA/.The Armenian Ministry of Foreign Affairs has recently received numerous reports from citizens who, despite obtaining Schengen visas from various European embassies, have been denied entry upon arrival in those countries. These individuals have subsequently had to return to Armenia. Upon investigating the issue in cooperation with Armenian embassies and the relevant authorities of the respective countries, the Foreign Ministry discovered ...
08/26/2024What are ETFs and can Armenian investors become their shareholders?
... everyone. That is, it was a kind of privilege. Even banks did not provide services to retail clients. And if a potential investor wanted, for example, to buy American or European securities, he or she had to invest at least $100-200 thousand, so the entry threshold was very high. Now the paradigm has changed, and Armenian brokers, including Unibank, provide access to international markets. Absolutely any investor, even with a small initial capital, for example, $1 000 , can invest in almost all international ...
07/26/2024Armenia, US extend agreement on countering WMD proliferation until 2030
... US government will provide Armenia with equipment, materials, and technologies that will help prevent the proliferation of weapons of mass destruction, and will conduct staff training. The agreement requires the Armenian government to facilitate the entry and exit of US government representatives and manage the movement of necessary materials. Each side will appoint agencies to implement the agreement and make specific arrangements. The Armenian government also agrees not to transfer ownership of ...
07/04/2024Opposition MP calls ‘the authorities’ crackdown on Dashnaktsutyun’ unlawful
... powers that have declared their stance in support of Armenia and Artsakh,” Minasyan stated at a press conference on Tuesday. Minasyan claimed that the authorities have been “attacking” Dashnaktsutyun for long, using various methods, such as ban on entry to Armenia, searches and detentions. “A total of five people are currently under arrest. One person has a foreign travel ban. These numbers do not include the people who were detained during the Tavush for Homeland protests,” Minasyan said.
06/18/2024Armenia tries to reduce risk of spreading infections among livestock
.... The conditions, as well as the procedure of destruction or forced slaughter of animals were also approved. This procedure, according to the government, will provide an opportunity to further assess and manage the risks that are associated with the entry and spread of possible infectious diseases. --0--
06/06/2024"Rostelecom Armenia" rebrands to "OVIO".
... company invested over AMD 37 billion in Armenia and paid AMD 14 billion in taxes. With the new brand, the company has shifted to an open and transparent way of working to provide a simple and comfortable experience for customers and partners. OVIO's entry into the market is a turning point in the company's development. With the new brand, OVIO remains committed to providing reliable and quality services and innovative solutions to meet customer needs. With the new brand, the company goes beyond the ...
05/24/2024Situation is tense in the Tavush village of Kirants, police detained more than 30 people
... Armenia's Tavush region's since early morning May 2 with a large number of police officers gathering on the spot. According to media reports, law enforcement officers have blocked the road from Ijevan to Kirants since morning, also prohibiting the entry of journalists. A special operation is underway and the road is closed for security reasons, Azatutyun Radio notes. The Interior Ministry said that 31 people in Kirants were detained for disobeying the lawful demands of the Police. Supposedly,...
05/02/2024Armenia-India trade turnover up 7% to $380 mln in 2023 - deputy minister
... development of relations between the two countries," he said at a press briefing on the margins of the Armenian-Indian Business Forum in Yerevan. According to Teryan, Armenia's main goal is not only to increase imports from India, but also to promote the entry of Armenian producers into the Indian market. "The trade turnover is growing, and our companies are interested in entering the Indian market, because it is a huge market, where there is a great potential for sales of certain goods from Armenia....
03/14/2024Five conjectures about investing that scare us
... There are also separate platforms for currency and cryptocurrency trading. Having determined the strategy and instruments, the investor can choose the appropriate platform. 5. Investing requires a large investment You don't necessarily need a large entry capital to start investing. Many brokers do not set a lower limit for the first deposit. You can invest small amounts at the initial stage to gain experience in this field without fear of facing serious losses. This will allow you to understand ...
03/13/2024Yerevan Council of Elders voted to increase public transport fares
... worth 880 to 900 drams, a weekly ticket for 30 trips (4,800-5,000 drams), a monthly ticket for unlimited trips (8,800-9,000 ), 90-day ticket for unlimited tripsl (23,600-24,000 drams), 365-day ticket for unlimited trips l (88,000-90,000 drams) and multi-entry ticket – 2,100-2.200 drams for 10 trips per month, By purchasing any package, citizens will be able to use all types of public transport. Discounts will be provided to students and certain groups. The decision will come into force on September ...
03/12/2024Investment products: basic concepts, features of instruments, pros and cons
... you to sell and buy shares at any time, and closed-end funds, where you purchase a portion of the assets and wait for the fund to expire. What benefits come from investing in mutual funds Investing in mutual funds has a number of advantages: - a low entry threshold and access to financial instruments that may be too expensive for a private investor; - minimization of individual costs and risks; - funds are managed by professionals. You are not required to dive deeply into analyzing securities and ...
01/24/2024Armenian government aproves project to attract foreign investment funds
The Armenian government at a session on Thursday approved a project aimed at stimulating the entry of foreign investment funds into the Armenian market. YEREVAN, January 18. /ARKA/. The Armenian government at a session on Thursday approved a project aimed at stimulating the entry of foreign investment funds into the Armenian market. According ...
01/18/2024The capacity of Bagratashen checkpoint on the border with Georgia will be doubled
... January 12. /ARKA/. Deputy Chairman of Armenia's State Revenue Committee Karen Tamrazyan said that work was underway to repair and expand the capacity of Bagratashen checkpoint on the border with Georgia. "We expect that the number of lanes for both entry and exit will be increased. In addition, the flow of trucks and cars will be separated. As a result, we expect the throughput to at least double. We hope that Bagratashen will be completely renovated and modernized by the end of 2024," he said....
01/12/2024Armenian citizens will be able to enter UAE without visas from February 1, 2024 - Foreign Ministry
... and transit through the United Arab Emirates (UAE) without visas. A similar opportunity will be given to Emirati citizens wishing to visit Armenia. According to the Armenian Ministry of Foreign Affairs, the relevant protocol on reciprocal abolition of entry visas for citizens of Armenia and the UAE comes into force on February 1. At the same time, the validity period of Armenian citizen's passport should be not less than 6 months from the moment of arrival in the UAE. Armenian citizens will be allowed ...
01/08/2024Armenian citizens will be able to stay in UAE without visa for 90 days
... protocol On Amendments to the Memorandum of Understanding between the Government of the Republic of Armenia and the Government of the United Arab Emirates of June 21, 2009 on Duty Exemption for Persons Holding Diplomatic Passports and Requirements for Entry Permits. YEREVAN, December 22. /ARЛA/. The Armenian National Assembly has ratified the protocol On Amendments to the Memorandum of Understanding between the Government of the Republic of Armenia and the Government of the United Arab Emirates ...
12/22/2023Electric Networks of Armenia for the first time issues AMD 32 bln bonds
.... After listing on the Armenian Securities Exchange, the bonds are expected to enter the secondary market thanks to the diversified investor base and the unprecedentedly large issue volume. Chairman of the Central Bank Martin Galstyan noted that the entry of such a company as ENA into the market is a vivid example of cooperation between the state and the private sector. "It is noteworthy that after the Warsaw Stock Exchange acquired the Armenian Securities Exchange, the accessibility of our ...
12/19/2023Armenian parliament approves bill exempting draft dodgers from criminal liability in return for hefty payments
... citizens who are 27 years old but have dodged compulsory service by leaving the country for abroad. If the bill goes through the parliament in the second and final reading it will apply only to citizens who have turned 27 at the moment of the law's entry into force and will not apply to citizens who are currently obliged to perform military service. In addition, Sargsyan made a new proposal - if previously men who turned 27 at the time of obtaining Armenian citizenship were not required to perform ...
12/12/2023Armenia and Iran discussed ways to improve transport connectivity
... Departments of Automobile Policy, Licensing and Permits and Road Policy. Hossein Soofi presented the Iranian side’s approaches and expressed hope that the two countries, by ratifying a number of international documents, will be able to facilitate the entry and exit procedures. The representatives of the Armenian ministry presented the priorities of the Armenian government in this area, spoke in detail about the strategic importance of the investment project of the North-South highway corridor. During ...
11/21/2023Armenia and Tunisia to abolish entry visas for holders of diplomatic passports
The Armenian government has approved on Friday an agreement concluded with the government of Tunisia on abolishing entry visas for holders of diplomatic passports. YEREVAN, November 17. /ARKA/. The Armenian government has approved on Friday an agreement concluded with the government of Tunisia on abolishing entry visas for holders of diplomatic passports. The ...
11/17/2023Withdrawal from CSTO and integration with NATO, this is how participants of forum in Brussels see Armenia's future
... strategic perspective. "We will support Armenia's comprehensive integration into the European Union, bilateral and mutually beneficial exchange and development of leading innovative technologies, exchange of business culture, experience and skills, entry of Armenian producers to European markets and expansion of European investments inflow to Armenia," reads the statement distributed by the Eastern Partnership Civil Society Forum. The text also demands that the Armenian authorities withdraw ...
11/13/2023Municipality bans entry of Ford Transit and GAZelle minibuses and heavier vehicles into downtown Yerevan
A restriction that bans the entry of Ford Transit and Gazel minibuses, as well as heavier vehicles into the central part of Yerevan has come into force on November 13. YEREVAN, November 13. /ARKA/. A restriction that bans the entry of Ford Transit and Gazel minibuses, as well ...
11/13/2023Entrance of heavy trucks to center of Yerevan will be prohibited during daytime
In order to reduce traffic congestion in the center of Yerevan, the entry of heavy trucks with a maximum weight of 2.5 tons will be banned during the daytime. YEREVAN, November 6. /ARKA/. In order to reduce traffic congestion in the center of Yerevan, the entry of heavy trucks with a maximum weight of 2.5 tons will ...
11/06/2023Opening of Armenian-Turkish border may have positive economic effect, but uncertainty in the future is high - ex-deputy prime minister
... products, and even if we find our niches (in their markets), it will take some time, maybe years, and everything depends on the parameters, which are unknown to me now," he said. Asked whether it is possible that the opening of borders and the entry of Turkish goods into the country would hit Armenia's agriculture, Gabrielyan said it depends on whether the country will have customs protection and dumping legislation. He also pointed to important questions, such as whether opening the borders ...
11/03/2023Spanish Senate unanimously condemns military aggression carried out by Azerbaijan against Armenians of Nagorno-Karabakh
... population of Nagorno-Karabakh and conveys this feeling to the Armenian community residing in Spain; Underlines the responsibility of the Azerbaijani authorities to guarantee the rights and security of Nagorno-Karabakh and demands that they allow the entry of international observers and the arrival of humanitarian aid to the region; Takes note and supports the efforts of the High Representative of the European Union and the Representative for the South Caucasus considering that the European Union ...
10/18/2023Karabakh leader dissolves all state institutions: Artsakh Republic ceases to exist
... people of Artsakh (Nagorno-Karabakh), taking into account the agreement reached through the mediation of the command of the Russian peacekeeping contingent with the representatives of the Republic of Azerbaijan that free, voluntary and unimpeded passage ... ... Nagorno-Karabakh (Artsakh) shall cease to exist. 2. The population of Nagorno-Karabakh, including those outside it, after the entry into force of this decree, shall familiarize themselves with the conditions of reintegration presented by the Republic of ...
09/28/2023Armenian government to send more humanitarian cargo to Nagorno-Karabakh
... for the people of Artsakh (Nagorno-Karabakh), to Goris, from where it will be taken to Nagorno-Karabakh by the ICRC and the Russian peacekeeping contingent," the task force said. On June 26, the Armenian government had already sent 361 tons of humanitarian ... ... entrance to the Lachin corridor in the village of Kornidzor in Armenia's Syunik region. Azerbaijan has essentially blocked their entry into Nagorno-Karabakh. On August 9, a convoy of 10 trucks with humanitarian aid sent for Nagorno-Karabakh by France joined ...
09/24/2023Armenia did not refuse to accept Artsakh residents: Pashinyan says there are places to accommodate 40,000 families.
... places to accommodate as many as 40 thousand families of potential refugees. "There are rumors that Armenia has banned the entry of Artsakh (Nagorno-Karabakh) citizens. I want to say clearly: we all know that the Lachin corridor has been closed for ... ... ethnic Armenian authorities in Stepanakert gave in. Under the terms of the truce, outlined by Azerbaijan and the command of the Russian peacekeeping contingent on the ground, Karabakh armed forces must commit to being completely disbanded as well as disarmed....
09/21/2023Armenian Foreign Ministry describes Azerbaijan's theses as false, saying they are preparations for military escalation
... support of the Republic of Armenia to Nagorno-Karabakh has humanitarian nature, the necessity of which is further emphasized by the humanitarian crisis resulting from the illegal blockade of the Lachin corridor. The Republic of Armenia welcomes the entry of the first humanitarian supplies to Nagorno-Karabakh after a long break and hopes that it will be ongoing and stable. At the same time, we consider it necessary to emphasize that the 9-month-long blockade of the Lachin corridor is a gross violation ...
09/19/2023With Acba Federation's assistance shipping container hotel established in Yeghegis Gorge (video)
... hall next to the hotel, where master classes are organized for baking famous Armenian flat bread lavash and gata (pastry) and cooking barbecue. "Yeghegis Gorge is one of the most interesting and culturally rich parts of Vayots Dzor province. My entry into the tourism industry was accidental. When I started working with different groups whose trekking routes passed through Vayots Dzor, the problem of overnight accommodation often arose. This is how an idea emerged to create an overnight place ...
09/17/2023Pashinyan: Armenia will offer its comments on peace agreement with Azerbaijan within reasonable timeframe
... the Armenian-Azerbaijani border continues to be tense. "Azerbaijan continues troop movements along the Armenian border and the line of contact in Nagorno-Karabakh. The humanitarian situation in Nagorno-Karabakh is extremely grave. One truck with Russian humanitarian aid, which arrived the day before, cannot have a visible impact on the situation," Pashinyan said. He noted that humanitarian cargoes sent by Armenia and France continue to wait for entry permits near the blockaded Lachin corridor. "The international community has been urging Azerbaijan to reopen the Lachin corridor. Every possible diplomatic effort is being made to deliver the humanitarian cargo and ensure further deliveries....
09/14/2023Armenia's NSS stops a criminal group involved in organizing illegal migration
.... /ARKA/. Armenian National Security Service (NSS) said it has revealed and stopped another criminal group engaged in organizing illegal migration. It said three members of the group demanded and received $5200 from each citizens to help them obtain entry and residence permits in the Schengen zone countries. During the preliminary investigation, searches were conducted at the homes of the members of the criminal group and at their workplace at a travel organization. Stamps, letterheads, property ...
09/14/2023Goght Urban Valley modern residential complex worth $100 mln will be built in Armenia.
... basketball and volleyball courts, etc. There will also be an amphitheater where chamber events will be constantly held; a conference hall for 150-200 people; an ambulatory, a helipad, scout clubs for children. The village will also have security and entry will be through a security barrier. "We assume that people will live here permanently, but renting out houses is also possible. According to our calculations, the approximate rental yield will be about 8-10%. In any case, buying housing can ...
09/11/2023Armenia and UAE sign agreement on visa regime abolition
... travels for citizens of Armenia and the UAE," Deputy Foreign Minister Vahan Kostanyan wrote on social network X (formerly Twitter). In January 2023, the Armenian government approved a set of amendments to the bilateral memorandum providing for free entry of Armenian citizens to the UAE. The agreement is expected to boost the flow of tourists, create a solid basis for the economic and business ties, stimulate expansion of investment and economic cooperation, interpersonal contacts and intercultural ...
09/08/2023Armenian government cancels visas for Panamanian citizens
The Armenian government on Thursday approved a decision on canceling entry visas for citizens of the Republic of Panama. YEREVAN, September 7. /ARKA/. The Armenian government on Thursday approved a decision on canceling entry visas for citizens of the Republic of Panama. According to the government, the abolition ...
09/07/2023What is happening in Artsakh looks like genocide: says Paris mayor Anne Hidalgo
... 26, the Armenian government sent 361 tons of humanitarian aid to Nagorno-Karabakh. However, the convoy of trucks has been standing since then at the entrance to the Lachin corridor in the village of Kornidzor. Azerbaijan has essentially blocked their entry into Nagorno-Karabakh. On August 9, the first humanitarian aid truck from France also joined the convoy of trucks with humanitarian aid sent by Armenia. -0-
08/30/2023Humanitarian station opened in Kornidzor near Lachin corridor to accommodate journalists and public figures
... humanitarian cargo sent from France, accompanied by a delegation headed by the Mayor of Paris, has already reached Kornidzor and Russian peacekeepers have been informed about it. He also emphasized that the situation in Nagorno-Karabakh is deteriorating by ... ... standing since then at the entrance to the Lachin corridor in the village of Kornidzor. Azerbaijan has essentially blocked their entry into Nagorno-Karabakh. On August 9, the first humanitarian aid truck from France also joined the convoy of trucks with humanitarian ...
08/30/2023Paris Mayor Anne Hidalgo accompanies humanitarian cargo from France to Artsakh
... 26, the Armenian government sent 361 tons of humanitarian aid to Nagorno-Karabakh. However, the convoy of trucks has been standing since then at the entrance to the Lachin corridor in the village of Kornidzor. Azerbaijan has essentially blocked their entry into Nagorno-Karabakh. On August 9, the first humanitarian aid truck from France also joined the convoy of trucks with humanitarian aid sent by Armenia. -0-
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