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Former head of Armenian Water Committee charged, placed under house arrest
... /ARKA/. Ex-chairman of Armenia's Water Committee Vahagn Gevorgyan has been charged as part of a criminal case initiated by the Anti-Corruption Committee. Anti-Corruption Committee spokeswoman Marina Ohanjanyan told ARKA news agency that Gevorgyan has the status of accused and house arrest has been chosen as a preventive measure against him. ‘There are also other persons involved in the case with the same status,’ she said, refraining from providing other details citing the interests of the investigation....
12/26/2024Pashinyan names key priorities of Armenia's chairmanship of EAEU
... Supreme Eurasian Economic Council, the 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.
12/26/2024More than 4 thousand foreigners granted temporary residence right in Armenia in 2024
Some 5,410 foreigners applied for temporary residence status in Armenia in 2024 and 4,280 of them received it, Aram Melkonyan, a a senior official from the Migration and Citizenship Service, told a press conference today. YEREVAN, 23 December. /ARKA/. Some 5,410 foreigners applied for temporary residence ...
12/23/2024Armenia to change rules for conscription in case of illness
At a meeting on Thursday, the Armenian government adopted a draft amendment to the methodology for assessing health status when conscripting individuals for military service. YEREVAN, December 19. /ARKA/. At a meeting on Thursday, the Armenian government adopted a draft amendment to the methodology for assessing health status when conscripting individuals for military ...
12/19/2024Converse Bank has been included in the list of Confirming Banks of the EBRD TFP
... announce that Converse Bank has made a significant stride in the realm of trade finance by becoming a confirming bank under the EBRD TFP. The respective agreement between the EBRD and Converse Bank was signed on 14th November 2024. “Confirming Bank status is highly significant for us in terms of stimulating trade financing in Armenia and the entire region”, noted Converse Bank’s Chief Financial Officer, Deputy CEO Grant Akopian. Mr. Akopian added: “As a confirming bank for the EBRD TFP, Converse ...
12/16/2024Pashinyan appoints Aleksandr Mktaryan as Commissioner for Diaspora Affairs Abroad
... December. /ARKA/. Armenian Prime Minister Nikol Pashinyan has appointed Aleksandr Mktaryan as Commissioner for Diaspora Affairs in Foreign Countries. Pashinyan signed the relevant decision on Tuesday. Mktaryan will work on a voluntary basis, in the status of a counsellor. -0--
12/10/2024Artsakh citizenship issue tied to return prospect – Ombudsman
... number of international law experts, and it was generally concluded that obtaining citizenship does not cancel the right to return. ‘From a legal point of view, what matters is not whether a person obtains citizenship of another country or refugee status, but their real connection with their home country or homeland. Even if he or she was born elsewhere and is arriving in the home country for the first time. In a word, the right exists regardless of whether a person has acquired citizenship of ...
11/29/2024Introduction of universal health insurance system delayed in Armenia - Minister
... 2027, covering all types of medical services, excluding dentistry and plastic surgery. The plan includes creating an insurance infrastructure that provides medical services of equal quality and accessibility to all beneficiaries, regardless of social status. According to the draft, joining the system will be voluntary, and from 2025, pensioners will be included at the expense of the state. By 2027, the system will be mandatory for all citizens. -0-
11/01/2024Venture capital: the most exciting investments
... individuals and companies, but one corporation. You can buy shares yourself at the IPO stage or act as a business angel. These are options for private investors with a lot of capital and experience. It is not uncommon for project founders to approach status investors directly with an offer to join the business. · There are online crowdfunding platforms at the international or local level. Here startup founders post information about themselves and raise funds. This is a good way to ‘get acquainted’ ...
10/22/2024Ardshinbank’s Private Clients Will Be Served in a Special Office
... new office at 10 Northern Avenue to serve private clients. The office aims to provide clients with a comprehensive package of services, taking into consideration the importance of an individual approach, saving the clients’ time and their premium status. The opening event was attended by Ardshinbank’s leadership, large business representatives, top managers of various companies, individual entrepreneurs and customers. The concept of the new office goes in line with Ardshinbank’s ideology ...
10/21/2024Artsakh NGOs demand that Armenian authorities deny Baku's demand to dissolve OSCE Minsk Group
... Grigoryan said. His position was supported by the chairman of the Revolutionary Party of Artsakh Artur Osipyan. 'There is a problem of Nagorno-Karabakh, and the international community has not closed this issue. Even all UN members have stated that the status issue should be resolved. This is the task of all Armenians,’ Osipyan told reporters.-0-
10/21/2024Armenia serves as a natural bridge to the EAEU market for Iran - Armenian ambassador
... Eurasian Economic Union and Iran in 2023, as well as Iran's high-level participation in the Eurasian Economic Forum held in Yerevan from September 30 to October 1," the ambassador noted. It was previously reported that Iran might receive observer status in the Eurasian Economic Union (EAEU) by the end of 2024. In December 2023, a comprehensive free trade agreement was signed between the EAEU and Iran, replacing the temporary agreement that had been in force since 2019. About the EAEU The Eurasian ...
10/21/2024Blue chips: why to buy ‘elite’ shares
... (capitalisation) - the number of shares outstanding multiplied by the price. The conventional capitalisation threshold depends on the country. For example, in the US, blue chip issuers are usually companies with a market value of at least $10bn. However, status players with a smaller capitalisation are often included in this range. - Established market positions. Companies have been operating for years and occupy a large share of their sector. - Stability. Blue chip issuers maintain high financial performance ...
10/10/2024Flights between Yerevan and Tehran and Tel Aviv operate as planned - airport data
... escalation of tension between Israel and Iran has not affected the schedule of flights from Yerevan to Tehran and Tel Aviv and back. According to Yerevan's Zvartnots Airport, boarding for the Yerevan-Tel Aviv flight has already been announced. The status of the scheduled Yerevan-Tehran flight at 13.35, as well as flights to the Armenian capital from Tehran at 12.40 and from Tel Aviv at 15.30 has not changed. -0-
10/02/2024What is IPO and whether it is possible to make money on it
... taking into account supply and demand. The final stage is the placement of shares. From that moment on, they can be bought and sold by any investor. Why investors are keen to participate in initial public offerings Because an IPO gives a company the status of a public company, which means that it must disclose financial indicators, meet strict regulatory requirements and market conditions. In addition, it is responsible to the new shareholders and must take their opinion into account when making ...
09/24/2024Russia aware of Iran's concerns over "Zangezur Corridor"
... aware of Iran's concerns over the proposed "Zangezur Corridor," Maria Zakharova, the official spokesperson for the Russian Foreign Ministry, said on Wednesday during a briefing. Zakharova addressed Tehran's position on the unacceptability of ... ... construction of both road and rail links. There have been persistent rumors in the media regarding the potential extraterritorial status of this "corridor." However, Armenian authorities have repeatedly rejected negotiations under a "corridor ...
08/29/2024Compulsory health insurance will be fully introduced in Armenia in 2027, says minister
... services, except for dentistry and plastic surgery. It is envisaged to create an insurance infrastructure that will make it possible to provide medical services of equal quality and accessibility to all groups of beneficiaries, regardless of social status. Implementation of the system is planned to start in mid-2024. At the same time, a special state insurance fund will be created, and insurance payments of a person to reach 200 thousand drams per year According to the scheme, in the next few years ...
08/01/2024Russian border guards withdraw from Yerevan's Zvartnots airport
... impeccable work. The Russian border guards were stationed at the Zvartnots airport in accordance with Article 8 of the interstate agreement between the Russian Federation and the Republic of Armenia of 30 September 1992. This agreement defines both the status of the Russian Border Troops on the territory of the Republic of Armenia and the conditions of their functioning.-0-
07/31/2024US Senate Committee approves $65m aid for Armenia
... Armenian Assembly of America reported on Monday. The Committee expressed its support for ongoing efforts to achieve a lasting peace agreement between Armenia and Azerbaijan, instructing the Secretary of State and the USAID Administrator to consider the status of these negotiations when allocating funds. However, it was noted that Azerbaijan's actions have hindered the peace process. Specifically, Azerbaijan rejected a meeting with Armenian counterparts during the NATO summit in Washington this month ...
07/29/2024EBRD and Ameriabank to support Armenian businesses through stable trade finance funding
... trade finance deals have been signed to support high-growth economic sectors, including IT, construction, energy, and manufacturing, while also facilitating external trade. In 2013, Ameriabank became the first Armenian bank to receive confirming bank status under the EBRD TFP, which enabled the bank to make trade finance tools such as letters of credit (LCs) and bank guarantees more accessible for local exporters. Ameriabank is also a multiple winner of the TFP Deal of the Year annual award, recognizing ...
07/22/2024How to start investing: tips for those who want to earn on the stock exchange
... understanding in advance how different market situations will affect your behaviour, you can save yourself from mistakes - impulsive and wrong steps. Risk profile is a portrait of an investor, that takes into account objective parameters (financial status, marital status, age) and individual characteristics (temperament, mental attitude). Risk tolerance influences the choice of financial instruments. It is important to determine one's attitude to changing market conditions, sharp fall and rise of ...
06/26/2024USA and Armenia to upgrade status of bilateral dialogue to Strategic Partnership Commission
... 11, 2024. During the Capstone meeting, Armenia and the United States reviewed progress on strengthening bilateral relations and outlined a vision for deepening ties in the coming year, to be formalized in a Memorandum of Understanding, to upgrade the status of our bilateral dialogue to a Strategic Partnership Commission. We look forward to outlining the specific lines of effort to deepen our relations in the coming months. The sides positively assessed cooperation to support Armenia’s ongoing reforms ...
06/12/2024PSRC urges Armenia's utility operators to trade at least part of their shares on the stock exchange
... Ministry of Justice and other relevant bodies had discussed the issue at the PSRC. According to him, the only issue in this case is related to Gazprom Armenia. ‘It is necessary to understand whether this proposal will not contradict the 2013 Armenian-Russian agreement on natural gas supplies, as it was ratified by both parliaments and is equal to a law by its status,’ Baghramyan said. Since July 2023, the Armenian government has been subsidising companies, for listing their shares on the local stock exchange to create an opportunity for them to raise financing not only from banks, but also by offering shares ...
06/03/2024State Revenue Committee: Religious aspect should not be subject to tax
... for the Apostolic Church. The Mother See of Holy Etchmiadzin claimed that it had abided by all taxpaying obligations. Artur Hovhanissyan, Secretary of the ruling Civil Contract party, later mentioned that although the Apostolic Church has a special status in the country, it has to “come out of the shadow” and reveal its financial affairs as Armenia goes through major “democrating and taxpaying” changes.
05/31/2024Warren Buffett: strategist, forecaster or lucky guy
... article, we will tell how Buffett's personality was shaped and will also analyze his investment approaches. YEREVAN, May 24. /ARKA/. Warren Buffett's acknowledgement as one of the world's most successful investors is now undeniable. Obviously, this status is the outcome t of many years of hard work. In this article, we will tell how Buffett's personality was shaped and will also analyze his investment approaches. Where did the outstanding entrepreneur begin? Warren Buffett was born on August 30,...
05/24/2024Armenian Apostolic Church should come out of 'shadow' and pay more taxes - MP says
... cleric became a leader of anti-government protests demanding Pashinyan's resignation. He also said the church should have the same "tax obligations" as other businesses. According to Hovhannisyan, the Armenian Apostolic Church has a special status, but given the democratic and tax changes taking place in Armenia, as well as the financial means circulating in the country, the church should come out of the "shadows." "Yes, the church has a number of privileges, it owns property ...
05/23/2024Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC
... doubling from the previous year, while the number of transactions increased by more than 60%, and the portfolio of funds attracted for trade finance purposes surpassed AMD 26 billion. Ameriabank is the first Armenian bank to receive confirming bank status under the EBRD Trade Facilitation Program (TFP) in 2013. Since 2022, it has been also the first and only Armenian bank with confirming bank status under the IFC’s Global Trade Finance Program. Ameriabank CJSC Ameriabank is a leading financial ...
05/20/2024Granting market status to Armenia's economy discussed in USA
... and Matthew Axelrod, Deputy Secretary of the U.S. Department of Commerce for Export Control, discussed in Washington the process of Armenia's economic diversification. The focus was on such issues as Armenia-US bilateral trade and granting Armenia the status of a market economy, the Ministry of Economy said. Papoyan also met with Jason Heifmeister, Deputy Secretary for Foreign Trade and Agricultural Affairs of the U.S. Department of Agriculture to discuss possible steps for increasing the food security ...
05/16/2024Armenian PM and EBRD President discuss joint projects and perspectives
Armenian Prime Minister Nikol Pashinyan and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso. discussed today in Yerevan the status of a number of jointly implemented projects. YEREVAN, May 15. /ARKA/. Armenian Prime Minister Nikol Pashinyan and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso discussed today in Yerevan the status ...
05/15/2024EBRD President comments on Armenia's prospects of becoming part of the EU
... of the EU community. I don't know about membership, but about relations with the EU - yes," Reno-Basso said. Earlier, Armenian Parliament Speaker Alen Simonyan said the most correct and desirable option for Armenia is to apply for EU candidate status, while Prime Minister Nikol Pashinyan said Armenia is ready to be as close to the EU as the EU will allow it to be. ARKA News Agency is the media sponsor of the EBRD Annual Meeting and Business Forum, which will be held on May 14-16 in Yerevan....
05/07/2024What is a risk profile and how it relates to investment strategy
... If he/she does not seek to increase capital in the shortest possible time, and losses will not critically affect their life, they can actively invest in growth stocks and assets of promising industries. In addition, private investors with a special status of qualified participants work on the stock market. Having met a number of criteria (experience, certain asset value, education, etc.), they receive confirmation from the regulator and access to a wide range of instruments, including the most profitable ...
04/23/2024Armenia and WB plan to implement agriculture reform
Armenia’s Economy Minister Gevorg Papoyan and Carolin Geginat, Worlld Bank Country Manager for Armenia, discussed today the status of Competitive and Sustainable Agriculture program under development in Armenia. YEREVAN, April 12. /ARKA/. Armenia’s Economy Minister Gevorg Papoyan and Carolin Geginat, Worlld Bank Country Manager for Armenia, discussed today the status ...
04/12/2024How the level of financial literacy affects investment efficiency
... income and choose the right one. Financial literacy affects not only capital building, but also overall life attitudes because you: - feel secure, unafraid to make plans and move forward. - develop discipline. - increase your own self-esteem and status in the eyes of others. - transform problems and crisis situations into new opportunities. Financially literate people take a serious approach to organizing everyday processes: - make a budget, knowing exactly the sources of income, items of expenditure ...
04/12/2024Armenia considers relations with Iran special, not opposed to contacts with the West - Pashinyan
... build our foreign policy based on the logic of sovereignty, and some nuances will surely be seen," Pashinyan noted. The Prime Minister pointed out that two of Armenia's four neighbors are candidates for EU membership. "Georgia received this status a couple of months ago, and I would like to congratulate brotherly Georgia once again. It is gratifying to record that the declaration signed in Tbilisi, by which the relations between our countries were brought to the level of strategic partnership,...
04/10/2024How can "hamster", "moose" and "Uncle Kolya" upset an investor
... participants "Blue chips" are large and reliable issuers with large capitalization, recognized market leaders. Puppeteers (puppets) - professional market participants capable of managing price movements and shaping trends due to their high status and insider information. Such players include: - large banks and investment companies through whose accounts and infrastructure others trade; - institutional investors (funds, private banks, insurance organizations, etc.), i.e. companies that attract ...
04/04/2024Some 397 labor contracts signed with Karabakh refugees as part of employment stimulating program
... three months, paid internship, and vocational education combined with paid internship. Sargsyan said that among more than 100,000 displaced persons from Nagorno-Karabakh, only 6,792 people have been registered with the Unified Social Service. Unemployed status has been granted to 4,000 people. The program is currently designed for 1,000 beneficiaries, but the deputy minister stressed that it can be extended. "If the number of those willing to participate is higher, there will not be any problem ...
04/01/2024Athletes from Karabakh will take part in World Sambo Championship in Yerevan, Turkey and Azerbaijan will not participate
... events in Armenia," Hayrapetyan said at a press conference on Wednesday. "We will have two athletes in each weight category. Athletes forcibly displaced from Nagorno-Karabakh have also been given the opportunity to participate, as they have the status of refugees. I am sure that our athletes will be able to win gold medals and raise the reputation of our country," he said. He said also that no applications have been received from Turkey and Azerbaijan so far. "Both Russian and Ukrainian athletes will take part in the World Sambo Championship. And Armenia will ensure their security," Hayrapetyan said. He said they will be accommodated in different hotels for security reasons. Besides, they will be provided with ...
03/27/2024In 2023, the SME Loan Portfolio of Ameriabank Reported More Than 30% Growth
... it is now possible to activate a POS terminal on a cash register and order a handheld POS terminal via business.ameriabank.am . In both cases clients can apply online, activate POS terminals at several addresses at a time, and track the application status online. Ameriabank CJSC Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets exceeding AMD 1 trillion. In the course of digital transformation, it has launched a number of ...
03/21/2024Armenian Parliament ratifies agreement on the status of EU mission in the country
The Armenian Parliament has ratified today an agreement on the status of the EU mission in Armenia (EUMA). YEREVAN, March 20. /ARKA/. The Armenian Parliament has ratified today an agreement on the status of the EU mission in Armenia (EUMA). The EU Mission in Armenia was deployed on February 20, 2023 at the ...
03/20/2024Armenia develops new document on cooperation with EU - Foreign Ministry
... Paruyr Hovhannisyan said on Friday. According to him, the signing of this document is planned for July this year. "After the full implementation of the Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA), we will really reach the status of readiness of a candidate country for EU membership," the deputy minister said at a meeting of the National Assembly's European Integration Committee. Along with this, as Hovhannisyan noted, new directions of cooperation and new programs ...
03/18/2024Armenian PM proposes public discourse on Armenia's application for EU candidate status
Armenian Prime Minister Nikol Pashinyan commented today on the European Parliament's resolution on closer ties between the EU and Armenia and the need for a peace agreement between Azerbaijan and Armenia" adopted Wednesday. YEREVAN, March 14. /ARKA/. Armenian Prime Minister Nikol Pashinyan commented today on the European Parliament's resolution on closer ties between the EU and Armenia and the need for a peace agreement between Azerbaijan and Armenia" adopted Wednesday. Speaking at...
03/14/2024EU parliament approves resolution on closer ties between EU and Armenia
... resolution emphasizes the need for active pursuit of ambitious joint cooperation priorities. It also states that it is time to begin a dialogue on visa liberalization with Armenia. The resolution calls for considering the possibility of granting Armenia the status of a candidate for EU membership. The MEPs are convinced that ‘should Armenia be interested in applying for candidate status and continuing on its path of sustained reforms consolidating its democracy, this could set the stage for a transformative ...
03/14/2024Armenian government wants to use Kapan airport for both domestic and international flights - minister
... Armenia to receive the IATA code, along with Zvartnots and Shirak in Gyumri (LWN). The Civil Aviation Committee of Armenia explained to ARKA that the code itself does not give the airport the ability to serve international flights. In order to receive the status of international airport it must meet the standards of ICAO international airports. Syunik Airport, which was idle for about 30 years was reconstructed in accordance with international criteria and certified by the Civil Aviation Committee of Armenia ...
03/13/2024Stock Exchange: Who and how makes money on it
... are legal entities and individuals who buy securities with the expectation of increasing their capital. Such participants do not have to obtain a license and they make transactions through brokers. There are also qualified investors. Their special status is based on the fact that they have special knowledge, experience and financial capabilities to act independently in the market and invest in riskier assets. Qualified investors are individuals and organizations that meet a number of requirements ...
03/04/2024Armenia retains its status of "partially free" country in Freedom House's report
Armenia scored 54 points out of 100 possible to retain its status of "partially free" countries in the Freedom in the World 2024 report compiled by Freedom House. YEREVAN, February 29. /ARKA/. Armenia scored 54 points out of 100 possible to retain its status of "partially free" countries ...
02/29/2024Armenian parliament speaker believes that Russian border guards should be removed from Zvartnots airport
... of Karabakh? And should we wait for them to come some day and escort me and you out? (of Armenia)" he said. The presence of Russian border guards at Armenia's major airport is not stipulated by the1992 agreement between Armenia and Russia on the status of Russian border troops in Armenia.-0-
02/27/2024Finances n of servicemen not involved in combat operations will improve - Armenian Deputy Defense Minister
... the salary increase will be in a smaller amount than that of servicemen who are obliged to participate in combat operations," Brutyan said at a parliamentary session while presenting a package of bills on amending the Law on Military Service and Status of Servicemen and amendments to related laws. Seyran Ohanyan, head of the opositional Armenia bloc and former defense minister, supported the idea of certification. However, in his opinion, it is necessary only for determining the professional ...
02/27/2024The impact of technology on financial market. Would you trust robots with your money?
... a few key technologies gaining a foothold in the financial market. Robo-advisor - an automated solution based on the use of algorithms. When registering, the investor fills out a questionnaire that allows the software to determine his/her financial status, goals, and risk tolerance. Based on this data, the artificial intelligence selects assets and disposes of them. There are many platforms with different functionality (Ellevest, Wealthfront, Personal Capital, SoFi, Axos). However, it is possible ...
02/21/2024Armenian PM says concept of Nagorno-Karabakh's right to self-determination implied autonomy within Azerbaijan
... self-determination meant. According to Pashinyan, this position was shared by the entire international community, except Armenia. Pashinyan said according to the Lisbon summit, "the problem of Nagorno-Karabakh was to be solved by providing it with the status of high autonomy within Azerbaijani Republic.. 'The problem is that initially we ignored this truth and the authorities did not explain it to the people. It seemed to us that we could 'break through' the international community and achieve our ...
02/19/2024Ararat Mirzoyan to discuss deepening of Armenia-EU partnership in Brussels
... be held on February 13 and will start with a meeting between the Foreign Minister and EU High Representative for Foreign Affairs and Security Policy Josep Borrell. The agenda of the meeting includes a wide range of issues. The sides will review the status of the Comprehensive and Enhanced Partnership Agreement (CEPA), including the reforms implemented in Armenia and their results. Ways of deepening the partnership between Armenia and the EU in various spheres will also be discussed, taking into ...
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