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Gas supply to Armenia from Russia interrupted for 6 hours due to emergency restoration work
... December 26. /ARKA/. Gas supply to Armenia was interrupted for 6 hours on December 26, according to the press service of “Gazprom Armenia”. "The supply of natural gas to Armenia was halted on December 26 from 13:00 to 19:00 due to emergency repair work on a 125-kilometer section of the “Kazakh-Saguramo” main gas pipeline (DN 1000) of the North Caucasus-Transcaucasia transit main gas pipeline, which supplies gas to Armenia," the press service of Gazprom Armenia CJSC reported. The ...
12/26/2024About $14 million invested in modernization of Shirak airport in Armenia
... meters, has two boarding gates, with the capacity to service two flights simultaneously, and is equipped with 6 border control cabins. Additionally, there is a 450-square-meter area designated for duty-free shops and cafes. It is noted that, in parallel, repair work was carried out on 700 square meters in the old terminal of the airport, where service organizations will be located. CJSC Armenia - International Airports is the concessionaire manager of two airports — Yerevan's Zvartnots and Gyumri's ...
12/19/2024Passage on Armenia's longest bridge allowed again
... Traffic on Nor-Hachin Bridge, the longest bridge in Armenia, which spans the Hrazdan Gorge, has been resumed, the Road Department reported. Traffic on the bridge had been closed since 20 August due to a major overhaul financed by the government. The repair is still ongoing, the Road Department said. The bridge has a total length of 640m and a width of 14.5m together with the carriageway and pavements. The crossing consists of metal trestles on the right and left banks. The height of the bridge is ...
12/11/2024Armenia's GDP growth slowed to 5.2 per cent to about AMD 2.7 trillion in Q3 - official statistics
... technical activities -27% and culture, entertainment and recreation - 25.7%. Three other sectors also recorded double-digit growth rates: financial and insurance activities - 24.5 per cent, construction - 16.8 per cent and wholesale and retail trade, repair of motor vehicles and motorbikes - 14.2 per cent. Sectors that also showed growth compared to the third quarter of last year were manufacturing at 8.9 per cent, accommodation and food services at 7.2 per cent, water supply, sewerage and waste management ...
11/20/2024Gas supply to Armenia halted after Georgia accident
Natural gas supplies to Armenia will be temporarily suspended due to emergency recovery work in Georgia, ‘’Gazprom Armenia’’ reports. YEREVAN, November 13. /ARKA/. Natural gas supplies to Armenia will be temporarily suspended due to emergency recovery work in Georgia, ‘’Gazprom Armenia’’ reports. “From 10:00 on November 13 to 22:00 on November 14, emergency restoration work will be carried out on the Kazakh-Saguramo section (DN 1000) of the North Caucasus-Transcaucasia transit gas pipeline in...
11/13/2024Armenia expects Iran to play an active role in ''Crossroads of Peace'' project- Ambassador
... an interview with the Iranian news agency "ISNA." "Crossroads of Peace" is the most effective mechanism for unblocking the region's economic infrastructure. It involves activating and developing regional communications through the repair, construction, and operation of roads, railways, pipelines, cables, and power lines," Avakyan stated. He emphasized that this project is also significant for Armenia because its implementation will enable the establishment of railway connections ...
10/21/2024Passage of people and transport through “Upper Lars” on the Russian-Georgian border resumed
... Russian Ministry of Transport reported in the evening of October 7. “The passage of persons and vehicles across the state border is carried out in the normal mode,” it said in a statement quoted by Interfax. Traffic was suspended due to ongoing repair work on the Georgian side. The Upper Lars is located in Russian North Ossetia on the Georgian Military Road leading from Russia to Georgia. The Georgian Military Road runs in the high mountains and is currently the only land route linking Russia ...
10/08/2024EU ambassadors visit ‘’Margara’’ checkpoint on Armenian-Turkish border
... Revenue Committee. The Armenian authorities have repeatedly stated their readiness to open the border with Turkey and establish diplomatic relations. For this purpose, in particular, ‘’Margara’’ border checkpoint was overhauled. Construction and repair work was completed in May 2024, for these purposes about 620 million drams (about $ 1.6 million) were allocated from the state budget of Armenia. About Armenian-Turkish dialogue Turkey shut down its border for Armenia in 1993, in a show of solidarity ...
09/23/2024Overhaul of Sevan transport hub will cost 432.4 million drams
The capital repair of the Sevan transport hub will cost the state budget of Armenia 432.4 million drams, Armenpress reported with reference to the Department of Urban Development, Land and Infrastructure Management of the Office of Gegharkunik Region’s Governor. YEREVAN, ...
09/19/2024Armenia's GDP grows by 6.4% in Q2 2024
... approximately $1,930 and €1,793. The report highlighted significant growth in several sectors compared to the second quarter of 2023. Real estate activities saw the highest increase at 19.7%, followed closely by wholesale and retail trade, and the repair of motor vehicles and motorcycles at 19.6%. The construction and professional, scientific, and technical activities sectors each recorded a growth of 17.9%. Other notable double-digit growth figures were observed in the financial and insurance ...
08/20/2024Armenian Embassy in Georgia warns of traffic restrictions on Georgian-Russian border
... temporary schedule under the direct control and coordination of the police, the embassy noted. Upper Lars is the only land crossing linking Armenia with Russia and onwards through Georgia. Thousands of trucks were reportedly queuing last week due to repair work. -0
08/14/2024Manufacturing sector grows by 27.7% in Armenia in H1 2024
... million drams). Pharmaceutical products and preparations and machinery manufacturing each had a 0.6% share. Pharmaceuticals increased by 5.5% to 6,016.8 million drams, while machinery manufacturing declined by 26.3%, totaling 5,731.2 million drams. Repair and installation of machinery and equipment (0.5% share, down 24.7%, 4,937.4 million drams) and computer, electronic, and optical products (0.3% share, down 11.2%, 3,533.2 million drams) followed. Textiles (0.2% share, up 12.9%, 2,529.8 million ...
08/07/2024New KAMAZ rubbish trucks arrive in Yerevan, 6 more vehicles are expected to arrive
... Yerevan City Hall. According to him, there are currently vacancies for drivers of rubbish trucks. 'And if we find them, the problem will be completely solved. Currently, 50 vehicles are engaged in rubbish collection in Yerevan, but some of them are under repair. They will be put into operation in the nearest future,’ Katvalyan emphasised. Nevertheless, the city authorities can use from 37 to 38 rubbish trucks in each shift. The problem is the lack of drivers. At the same time, six more HOVO rubbish ...
07/22/2024Armenia's manufacturing sector grows by 33.7% in first five months of 2024
..., 12% decrease, AMD 7,022.5 million. Furniture: 0.8% share, 40.1% increase, AMD 6,674.6 million. Pharmaceutical products: 0.6% share, 5.3% increase, AMD 5,024.1 million. Machinery and equipment: 0.6% share, 24% decrease, AMD 4,695.6 million. Machine repair and installation: 0.4% share, 35.7% decrease, AMD 3,396.7 million. Computers and electronics: 0.3% share, 10.8% decrease, AMD 2,609.4 million. Textiles: 0.2% share, 8% increase, AMD 2,011.6 million. Leather products: 0.2% share, 14.5% increase,...
07/10/2024Yerevan to purchase eight new garbage trucks
Nine more non-functional trucks will be repaired YEREVAN, June 24. /ARKA/. Yerevan’s authorities will buy eight new garbage trucks, the administration reported on Monday. In addition, nine more non-functional trucks will be repaired. “We have decided to acquire more garbage collection ...
06/24/2024Armenia rejects Azerbaijani accusations of attempts to erase alleged "Albanian trace" from Armenian monuments
... Science, Culture and Sport officially denied the publications of a number of Azerbaijani media about attempts to erase the alleged "Albanian trace" from Armenian cultural and historical monuments. Azerbaijan claimed that the strengthening, repair and restoration of Armenian cultural monuments located in the area of the delimited border (and not only there) are aimed at eliminating the so-called "Albanian traces". "Such information is a blatant lie and another manifestation ...
06/20/2024Armenian government approves procedure for assisting refugees in acquiring or constructing housing
... will be carried out through banks, the government will undertake the obligation to pay the amounts and interest. If there are funds left after the implementation of the programme, they can be used to purchase agricultural land (up to 5 million drams), repair houses (up to 4 million drams), buy furniture and household appliances (up to 2 million drams). At the same time, the programme does not apply to refugees if at least one member of the family owns a dwelling. Besides, when building a residential ...
06/14/2024Parliamentary committee approves ratification of Armenia-Greece defense cooperation agreement
... including research of innovative technology aimed at strengthening defense capabilities, technical support in arms production, and creation of joint weapon manufacturers. “The agreement will also allow our countries to conduct joint personnel training and repair each other’s military equipment,” Sarkisyan revealed. A joint Committee with representatives of Armenia and Greece is to be created, he added, to ensure the implementation of the agreement.
06/07/2024Tashir Group of Companies invests about $680m in modernisation of Armenia's power grids
... decades,’ Karapetyan noted. Now, according to the World Bank, ENA is among the top ten in the world in its field,’ Karapetyan said. He stressed that there are no problems with electricity supply throughout Armenia, and the blackouts are related to repair work on the networks within the framework of the company's investment programme. There is a problem only in the centre of Yerevan. The entire power network there was laid in 1965-1970, and now the volume of electricity consumption has increased ...
06/03/2024Lori governor: roads, bridges being repaired in flood-stricken areas
Large-scale works are underway to repair bridges and roads in the flood-stricken Lori province, its governor said on Thursday. YEREVAN, 30 May. /ARKA/. Large-scale works are underway to repair bridges and roads in the flood-stricken Lori province, its governor Aram Ghazaryan said on ...
05/30/2024Municipality: repair of Yerevan streets to start today
Yerevan Municipality announced the start of Yerevan street repair project, including patching of the roadbed. YEREVAN, 27 May. /ARKA/. Yerevan Municipality announced the start of Yerevan street repair project, including patching of the roadbed. The announcement was made at the regular session of the Municipality....
05/27/2024Armenia’s GDP grows by 9.2% up to 1.97 trillion AMD
... prices amounted to 1,971,230.4 million drams at the end of the reporting period. GDP per capita at market prices was 653,721 drams, $1,621 and €1,494 . According to the report, the manufacturing industry showed the highest growth, standing at 31.1%, repair of cars and motorcycles grew by 25.1%, while financial and insurance activities increased by 17.2%. Double-digit growth rates were also recorded in the following industries: construction – 12.4%; supply of electricity, gas, steam and quality ...
05/21/2024Armenian government approves program to support refugees from Nagorno-Karabakh
... will be financed through banks , the government will part of the amount and interests. In case there are funds left in the balance after the implementation of the program, they can be directed for purchase of agricultural land (up to 5 million drams), repair of housing (up to 4 million drams), purchase of furniture and household appliances (up to 2 million drams). The program does not apply to refugees, in whose families at least one member owns a dwelling. ' In addition, when building a residential ...
05/16/2024Turnover tax for SMEs in Armenia to be doubled
... notaries, lawyers, and lottery organizers from the turnover tax sphere from January 1, 2025 - they will be transferred to the general tax field. It is proposed to exclude from microbusinesses area trade outlets, as well as hairdressers, saunas, and car repair shops in the regions. The latter will be able to either pay turnover tax or VAT and profit tax.-0-
05/02/2024Capital repair of Spitak-Vanadzor road in Armenia launched
Armenian Prime Minister Nikol Pashinyan visited on Monday a section of the Spitak-Vanadzor road in Lori region, which is set for a major repair, his press office reported. YEREVAN, April 22. /ARKA/. Armenian Prime Minister Nikol Pashinyan visited on Monday a section of the Spitak-Vanadzor road in Lori region, which is set for a major repair, his press office reported. The cost of ...
04/22/202412 flights delayed at Yerevan's Zvartnots airport
The departure of 12 flights from Zvartnots airport in Yerevan are being delayed due to the repair of the runway, the airport administration reported.. YEREVAN, April 22. /ARKA/. The departure of 12 flights from Zvartnots airport in Yerevan are being delayed due to the repair of the runway, the airport administration reported.. These are ...
04/22/2024Kievyan Bridge repair delayed: only 6% of work done so far - Municipality
The major repair of Kievyan Bridge in Yerevan is being delayed due to new circumstances, acting head of the Construction and Improvement Department of the Municipality Tigran Geghamyan said today. YEREVAN, April 8. /ARKA/. The major repair of Kievyan Bridge ...
04/08/2024In 2023, 803 km of roads repaired in Armenia in 2023 - minister
More than 800 kilometers of roads were laid, as well as overhauled and partially repaired in Armenia in 2023, Minister of Territorial Administration and Infrastructure Gnel Sanosyan said on Wednesday. YEREVAN, March 27. /ARKA/. More than 800 kilometers of roads were laid, as well as overhauled and partially repaired in Armenia ...
03/27/2024Full repair of Kievian Bridge in Yerevan is estimated at AMD 502 mln
The total contractual cost of a major repair of the Kievian Bridge in Yerevan is estimated at AMD 502 million, the Yerevan Municipality reported saying that the full repair will take about half a year. YEREVAN, March 11. /ARKA/. The total contractual cost of a major repair of the Kievian ...
03/11/2024Government extends Vanadzor-Alaverdi-Georgian border highway repair project duration
The Armenian government decided today to extend the duration of a project designed to repair the M-6 highway that stretches from the third-largest city of Vanadzor to Alaverdi and further to the border with Georgia until September 2024. YEREVAN, March 7. /ARKA/. The Armenian government decided today to extend the duration of a project ...
03/07/2024Government allocates AMD 638.4mln for repair and construction of kindergartens, sports schools and workout grounds
The Armenian government has decided today to allocate AMD 638.4 million for repair and construction of kindergartens, sports schools and workout grounds. YEREVAN, February 23. /ARKA/. The Armenian government has decided today to allocate AMD 638.4 million for repair and construction of kindergartens, sports schools and workout ...
02/23/2024Yerevan municipality resumes major repair of Kievyan Bridge
The Yerevan Municipality has resumed a major repair of the Kievyan Bridge, Tigran Geghamyan, head of Municipality’s Construction and Improvement Department, said today. YEREVAN, February 19. /ARKA/. The Yerevan Municipality has resumed a major repair of the Kievyan Bridge, Tigran Geghamyan,...
02/19/2024Armenian Defense Ministry refutes statements on dismantling "Corners of Glory" in military units
... dismantled, and the photos of hero soldiers are being removed and will no longer be displayed," the ministry said in a statement. According to the statement, the relevant structural unit of the General Staff of the Armed Forces is carrying out current repairs of information and leisure rooms in all military units, including printed materials, as they wear out over time. 'Work is under way to renovate, repair and replenish printed materials in the leisure rooms, including "Cornersof Glory,"....
02/12/2024Green Rock Management Group proposes to invest $8.5 mln. in the reconstruction of Yerevan's Circular Park
... the current catering facilities, he said. Green Rock Management Group is an international developer that implements large-scale territorial development projects. The company is already working on a number of projects in Armenia, including in Dilijan (repair and modernization of a sports school). --0--
01/17/2024The capacity of Bagratashen checkpoint on the border with Georgia will be doubled
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. YEREVAN, January 12. /ARKA/. Deputy Chairman of Armenia's State Revenue Committee Karen Tamrazyan said that work was underway to repair and expand the capacity ...
01/12/2024New governor appointed for Armavir province
... also dismissed. Earlier this month Prime Minister Pashinyan visited these provinces to see progress in the implementation of a number of projects co-financed by the government, mainly school buildings. Pashinyan was dissatisfied with the quality of repair and construction work and said "he will not tolerate such things." --0--
01/11/2024Armenia to receive 50 million euro loan from OPEC Fund
... Eduard Hakobyan, the loan was initially supposed to cover the budget deficit, but after it turned out that the government would close the year with surplus , it was decided to channel the loan funds into capital investments, such as construction, schools repair and so on. He said that the loan repayment period is 20 years with a 5-year grace period. The interest rate consists of two components: six-month EURIBOR and a fixed spread of 1.6%. The Ministry of Finance estimates that the actual rate will be ...
12/12/2023How to Build Up Financial Discipline
... a stable income, which is s enough to pay for groceries, bills, clothes and occasional entertainment. To buy expensive items such as home appliances, they usually use a credit card, turn to friends or a bank. Unexpected expenditures, such as laptop repair, are an unpleasant blow to finances. Many of us can easily imagine such a person who follows this scenario. In fact, even without changing your place of work and residence, you could feel much freer and safer when it comes to money management. ...
12/12/2023Armenia and Iran discussed ways to improve transport connectivity
... sides were also discussed. Earlier, Secretary of the Security Council of Armenia Armen Grigoryan said that the trade turnover between Armenia and Iran may reach $1 billion in 2023. In late October 2023 Armenia and Iran signed today an agreement on the repair of Agarak-Vardanidzor road section (about 21 km) and construction of a road from Vardanidzor to tunnel exit (about 11 km) as part of the 4th tranche of a project to build North-South transport corridor.-0-
11/21/2023Armenia's GDP growth slows down to 7.4% in Q3 - official statistics
... security sectors showed the largest growth of 55.3%, information and communication sector grew by 41.6%, culture, entertainment and recreation industries- by 34.7%. High growth rates were recorded also in the following sectors: wholesale and retail trade, repair of motor vehicles and motorcycles - 22.5%, construction - 17.4%, accommodation and catering - 13.3%, education - 11.7%, administration and related activities - 10.4%, and supply of electricity, gas, steam and air - 10%. Professional, scientific ...
11/20/2023More than 10,000 micro, small and medium-sized enterprises operated in Armenia in 2022- statistics
... YEREVAN, November 20. ARKA/. In 2022 there were 101,532 micro, small and medium-sized enterprises operating in Armenia, according to a National Statistical Committee's report. The bulk-52,685 enterprises - were engaged in wholesale and retail trade, repair of cars and motorcycles; another 12,098 were manufacturing companies and 7,468 were information and communications companies. The least of these enterprises were engaged in water supply, management and processing of sewage waste. More than half ...
11/20/2023Construction of Margara checkpoint on the border with Turkey almost completed - Badasyan
... regions affected by the powerful earthquake. Turkey shut down its border for Armenia in 1993, in a show of solidarity with Azerbaijan, which was locked in a conflict with Armenia over the Nagorno-Karabakh region. Earlier this year Armenia also started the repair of a large section of Armavir - Gyumri road running along Armenia’s border with Turkey. Armenian Prime Minister Nikol Pashinyan said in late October he hoped that the agreement on opening the border between Armenia and Turkey would be implemented ...
11/17/2023Trade turnover between Armenia and Iran may reach $1 bln in 2023 - Secretary of Security Council
... Television. On Tuesday Grigoryan had a phone call with his Iranian opposite number Ali-Akbar Ahmadian to discuss economic and trade relations between the two countries. Grigoryan singled out an Armenian- Iranian agreement signed in late October on the repair of Agarak-Vardanidzor road section (about 21 km) and construction of a road from Vardanidzor to tunnel exit (about 11 km) as part of the 4th tranche of a project to build North-South transport corridor. The project is implemented by a joint Iranian ...
11/15/2023Three out-of-service cars of Yerevan Metro to be put back into service after repairs
Three out-of-service cars of the Yerevan Metro (subway) will be repaired and put back into service, the acting director of the facility Babken Sedrakyan said at a meeting in the city hall on Monday. YEREVAN, November 6. /ARKA/. Three out-of-service cars of the Yerevan Metro (subway) will be repaired and put back ...
11/06/2023ADB to allocate 66.1 million euros for repair and construction of schools in Armenia
The Armenian government has approved today the signing of a 66.1 million euros loan agreement with the Asian Development Bank (ADB). YEREVAN, November 2. /ARKA/. The Armenian government has approved today the signing of a 66.1 million euros loan agreement with the Asian Development Bank (ADB). The funds will be used to finance the renovation of schools which are in a very bad state and construction of new ones. Territorial Administration and Infrastructure Minister Gnel Sanosyan said a total...
11/02/2023Importance of North-South corridor as a transportation crossroads has increased - minister
..., the role of India is strengthening; the flow of goods is increasing, so the route from India through Iran and Armenia to the Black Sea or Russia is becoming even more in demand than before. On October 23 Armenia and Iran signed an agreement on the repair of Agarak-Vardanidzor road section (about 21 km) and construction of a road from Vardanidzor to tunnel exit (about 11 km) as part of the 4th tranche of a project to build North-South transport corridor. These roads will meet advanced international ...
11/02/2023Next year’s budget earmarks 5.5 billion drams for repair of Yerevan Metro and construction of new station
The draft 2024 budget earmarks some 1.5 billion drams for the repair of Yerevan Metro (subway) and another 4 billion drams for the construction of a new station, Finance Minister Vahe Hovhannisyan said on Tuesday at a parliamentary discussion on the draft budget. YEREVAN, October 31. /ARKA/. The draft 2024 ...
10/31/2023Armenian Prime Minister presents "Crossroads of Peace" regional project at forum in Tbilisi (map)
... created in Armenia's law enforcement system, which will be engaged in ensuring the safety of the passage of goods, vehicles, people through international communications passing through Armenia. "I would like to reiterate Armenia's readiness to open, repair, construct all regional communications on the basis of these principles, which are necessary to avoid some misunderstandings, discrepancies and different interpretations," he said. Pashinyan emphasized that the project will soon be officially ...
10/26/2023Armenia and Iran to eliminate road tolls; North-South highway will raise Armenia's GDP by 0.4%: minister
The implementation of a road repair and construction project by Iranian companies in Armenia's southern province of Syunik will have a large impact on the Armenian economy, Armenian Economy Minister Vahan Kerobyan said at a meeting with Deputy Foreign Minister of Iran Mehdi Safari....
10/24/2023Unblocking regional infrastructures, construction of North-South highway and bilateral projects: Armenia and Iran discussed cooperation
... construction projects in Iran. He expressed confidence that the construction of the North-South transit highway will promote the expansion of regional cargo transportation and development of economic ties. Armenia and Iran signed Monday an agreement on the repair of Agarak-Vardanidzor road section (about 21 km) and construction of a road from Vardanidzor to tunnel exit (about 11 km) as part of the 4th tranche of a project to build North-South transport corridor. The project is financed partly by a loan ...
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