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Armenian government amends loan agreement with EDB on allocation of $200 million from ESDF for construction of Kajaran tunnel
... Stabilization and Development (EFSD). As stated in the explanatory note to the document, the agreement was signed on July 26, 2024 and later ratified by the parliament. The 8.6 km long Kajaran tunnel will become an important element of the North-South transport corridor connecting the borders of Armenia with neighboring Iran and Georgia. The tunnel will reduce the time to travel this section of the road corridor by 50% and increase the average speed from 50 km/h to 80 km/h. The construction work will ...
12/27/2024Yerevan's 2025 public transport budget to reach up to 22 billion AMD – Avinyan
In 2025, Yerevan Municipality's expenses on public transport are expected to total around 21-22 billion drams, according to Mayor Tigran Avinyan. YEREVAN, December 27. /ARKA/. In 2025, Yerevan Municipality's expenses on public transport are expected to total around 21-22 billion drams, according to ...
12/27/2024Pashinyan names key priorities of Armenia's chairmanship of EAEU
... key priorities. "The main priorities of the chairmanship, as is known, included key areas of economic cooperation, the creation of common markets in the energy sector, the elimination of barriers in the internal EAEU market, the development of transport and logistics infrastructure, and the strengthening of international ties," he said. Pashinyan also mentioned that priorities included, among other things, the development of cooperation potential and digital technologies, as well as the ...
12/26/2024Armenian Ministry of Internal Affairs withdraws mass video surveillance installation project
... facilities larger than 100 square meters, fuel stations, catering outlets larger than 50 square meters, and underground parking lots. The second category covered vehicles, with cameras required inside ambulances, buses, and minibuses that regularly transport passengers. The bill stipulated that an SNCO (State Non-Commercial Organization) under the Ministry of Internal Affairs would monitor the operation of these cameras 24/7. According to Ara Fidanyan, the Secretary General of the Ministry of Internal ...
12/24/2024Tech specs for Yerevan metro's 12th station “Surmalu” finalized, results to be presented this week
... exact location of the 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.
12/23/2024Yerevan City Hall launches new website for easy travel ticket purchases
The website for the unified ticket system, transport.yerevan.am, has been launched, where citizens can purchase passes for buses, trolleybuses, and the metro, Yerevan Mayor Tigran Avinyan said on Monday. YEREVAN, December 23. /ARKA/. The website for the unified ticket system, transport.yerevan....
12/23/2024Yerevan Municipality proposes to maintain fares for single trips on buses and metro until February 1
... buses and the metro at current 100 drams, on trolleybuses - at 50 drams until February 1, 2025, the press secretary of the Municipality Hayk Kostanyan revealed in a Facebook post, recalling the complete transition to a single ticket system in public transport from January 1. YEREVAN, December 20. /ARKA/. The Yerevan Municipality proposed to maintain the cost of one trip on buses and the metro at current 100 drams, on trolleybuses - at 50 drams until February 1, 2025, the press secretary of the ...
12/20/2024Yerevan's public transport revolution: What passengers can expect in 2025
Next week, public transport ticket sales points will open in Yerevan, Yerevan Municipality Press Secretary Hayk Kostanyan said in an interview with Novosti-Armenia news agency on Friday. YEREVAN, December 20. /ARKA/. Next week, public transport ticket sales points ...
12/20/2024Armenia agrees with Turkey on assessment of requirements for crossing the border on Gyumri-Kars railway - Mirzoyan
... foster regional cooperation on multiple fronts,’ Mirzoyan said as Chair of BSEC CMFA. According to him it could efficiently link the Gulf, the Black Sea and the Caspian Sea, thus significantly contributing to the integration of the region into global transport chains and bringing enormous benefits to all countries of our region. He added that the Project has already received positive reactions from numerous international partners, and that Armenia will continue efforts to consolidate further support ...
12/20/2024Armenian government endorses economic agreement with Hungary
... The Armenian government approved an agreement on economic cooperation with Hungary at a meeting on Thursday. As stated in the rationale for the decision, this agreement will help develop long-term economic ties in areas such as trade, tourism, energy, transport, agriculture, and more. The document also outlines the creation of an Armenian-Hungarian intergovernmental commission to promote economic cooperation. On Armenian-Hungarian Relations Armenia severed diplomatic relations with Hungary in 2012 ...
12/19/2024Yerevan mayor to eliminate bus dispatch points
... collected in a single center. “Accordingly, all information will be centralized in a specific center, from which control will be exercised,” the mayor added. Another task that, according to the mayor, needs to be addressed next year is the creation of a Transport System Management Center.
12/16/2024Crossroads of Peace will expand transport, trade and economic ties between the countries - Armenian Prime Minister
The Crossroads of Peace project will secure favourable conditions for the expansion of transport, trade and economic ties between all interested states, Armenian Prime Minister Nikol Pashinyan said. YEREVAN, 13 December. /ARKA/. The Crossroads of Peace project will secure favourable conditions for the expansion of transport, trade ...
12/13/2024“Crossroads of Peace” initiative aligns with CIS interests – Armenian Deputy Prime Minister
... interests of all CIS countries, said Armenian Deputy Prime Minister Mher Grigoryan. “The initiative is important and aims at the full realization of the region’s trade and economic potential by unblocking borders and creating a regional system of transport and communication infrastructure, both in the East-West and North-South directions,” Grigoryan noted at a meeting of the CIS Council of Heads of Government on Thursday. According to him, sustainable and inclusive regional economic development ...
12/12/2024Unblocking communications will restore region's role: Armenian speaker on talks with Azerbaijan
Armenia is actively engaged in negotiations with Azerbaijan to unblock transport infrastructures. YEREVAN, December 11. /ARKA/. Armenia is actively engaged in negotiations with Azerbaijan to unblock transport infrastructures. This was stated by the Speaker of the National Assembly of Armenia, Alen Simonyan, during his ...
12/11/2024Armenian Foreign Minister says 15 out of 17 articles of draft peace treaty with Azerbaijan agreed upon
... called the demarcation of the Armenian-Azerbaijani border a guarantee of future stability. ‘As far as any guarantees are possible these days, having a clearly delimited border is a very strong mechanism,’ Mirzoyan said. Regarding the opening of transport links between the two countries, the minister noted that Armenia and Azerbaijan can come to solutions that will be acceptable to both sides. ‘We can organise the passage of Armenian goods through the territory of Azerbaijan and, vice versa,...
12/09/2024Cargo transport in Armenia falls 10.5%, passenger transport rises 19.5%
The total volume of cargo transportation in Armenia for January-October 2024 amounted to 13,684.2 thousand tons, showing a decrease of 10.5% compared to the same period in 2023. YEREVAN, December 9. /ARKA/. The total volume of cargo transportation in Armenia for January-October ...
12/09/2024Armenia's service sector grows 5.8% to 2.7 trillion drams
... amounted to 836,794.6 million drams, reflecting a 21.2% increase compared to the same period of the previous year. The volume of the information and communication sector (share - 17.5%) amounted to 478,669.5 million drams, showing a decline of 8.6%; transport (share - 11.6%) totaled 318,633.3 million drams (a decrease of 12.7%); accommodation and catering (share - 10.6%) reached 288,828.1 million drams (an increase of 7.9%); and culture, entertainment, and recreation (share - 9.2%) stood at 252,482....
12/09/2024Construction volume in Armenia up 15.5% to 484.5 billion drams in 10 months
... the European Bank for Reconstruction and Development 4,799.6 million drams, and other institutions 3,018.1 million drams. Most of the construction work was carried out in sectors related to real estate (volume: 237,816.4 million drams, share: 49.1%), transport (volume: 76,617.2 million drams, share: 15.8%), and the provision of electricity, gas, steam, and air conditioning (volume: 48,570.8 million drams, share: 10%). ($1 = 401.31 drams)
12/09/2024EDB investments in 2024 total $2.3B, with $436M in Armenia, Kyrgyzstan, and Tajikistan
... strengthening and expansion of economic ties and the comprehensive development of its member countries. The EDB's authorized capital amounts to USD 7 billion. The Bank's portfolio is primarily composed of projects with integration effects in the fields of transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. In its activities, the Bank is guided by the UN Sustainable Development Goals and ESG principles.
12/06/2024EDB to invest $200-250 million in Armenia in 2025-2026 – Deputy Chairman
... strengthening and expansion of economic ties and the comprehensive development of its member countries. The EDB's authorized capital stands at USD 7 billion. The Bank's portfolio primarily consists of projects with an integration effect in areas such as transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. In its operations, the Bank is guided by the UN Sustainable Development Goals and ESG principles.
12/05/2024Armenian Foreign Minister highlights Yerevan's efforts to normalize relations with Baku at a meeting with new head of EU diplomacy
... minister spoke about the efforts of the Republic of Armenia to establish stable peace in the South Caucasus, including in signing an agreement on normalizing relations with Azerbaijan. The issues of regional economy and increasing interconnectivity through transport communications were also discussed.
12/05/2024Armenian Parliament approves $200 million loan agreement with EFSD for Kajaran tunnel construction
... Syunik region of Armenia. According to the program, the loan will be serviced in US dollars with an interest rate of 4%. The repayment term is 20 years, including a 5-year grace period. The 8.6 km Kajaran tunnel will be a key component of the North-South transport corridor, linking Armenia's borders with neighboring Iran and Georgia. The tunnel will reduce travel time for this section of the corridor by 50% and increase the average speed from 50 km/h to 80 km/h. The construction is expected to take approximately ...
12/04/2024Inflation in Armenia registered at 1.4% in November, 1.3% for the month
... apartment maintenance decreased by 2.7% in November compared to the previous year, while rising by 0.5% compared to October 2024. In November, prices in the healthcare sector rose by 2.5% compared to the previous year (0.5% compared to October). In the transport sector, prices increased by 5.7% (with a 0.8% decrease over the month). The communications sector saw a 0.4% increase (with a 0.1% decrease over the month). Prices in the recreation and culture sector remained unchanged (with a 0.1% decrease ...
12/04/2024Public transport for the wealthy, creation of control center, and new buses: Avinyan reveals plans for 2025
The Yerevan City Hall's plans for 2025 include further improving public transport and introducing more restrictions on private vehicles, with these initiatives being among the city's top priorities, said Mayor Tigran Avinyan. YEREVAN, December 4. /ARKA/. The Yerevan City Hall's plans for 2025 include further improving ...
12/04/2024EFSD and Armenian Ministry of Territorial Administration to assess condition of flood-damaged bridges in Lori and Tavush
... Ministry of Territorial Administration and Infrastructure are starting to assess the condition of bridges damaged by the May floods in Lori and Tavush marzes (provinces) of Armenia. The technical condition of 8 bridges will be checked in order to ensure transport communication. The Fund will assess the strength of materials and joints, determine the degree of corrosion of reinforcement and metals, also the statistical and dynamic tests of the bridges. Solutions will also be proposed to protect the transport ...
12/04/2024Grigoryan: Shadow turnover of Public Transport in Yerevan is approximately 5 million drams daily
Yerevan Vice Mayor Suren Grigoryan stated that the bus drivers' protests are, among other reasons, linked to the city administration's efforts to combat shadow earnings. YEREVAN, December 3. /ARKA/. Yerevan Vice Mayor Suren Grigoryan stated that the bus drivers' protests are, among other reasons, linked to the city administration's efforts to combat shadow earnings. "There are drivers who are part of this shadow sector, and they openly acknowledge the reasons for their dissatisfaction. No...
12/03/2024Yerevan City Hall fires 18 bus drivers involved in the strike
As a result of the strike by public transport drivers on Tuesday, 18 of them have been dismissed so far, Yerevan Mayor's press secretary Hayk Kostanyan wrote on Facebook. YEREVAN, December 3. /ARKA/. As a result of the strike by public transport drivers on Tuesday, 18 of them have ...
12/03/2024Yerevan faces public transport collapse: City Hall reveals reason for drivers' strike
... driver's net salary for 15 days per month is 401,500 drams (MAN buses), 309,500 drams (Zhong Tong buses), and 219,500 drams (Gazel City)," Kostanyan wrote. He recalled that the labor legislation of stipulates that employees of the city's public transport organization must notify at least 14 days in advance before starting a strike. Furthermore, they are required to ensure that minimal conditions are maintained during the strike to meet the essential needs of society. "The actions mentioned ...
12/03/2024Yerevan Municipality reduces QR code ticket validity to 7 days
Yerevan Municipality announced the reduction of the validity period for QR code tickets on public transport to 7 days. YEREVAN, November 26. /ARKA/. Yerevan Municipality announced the reduction of the validity period for QR code tickets on public transport to 7 days. The city administration explains this decision as an effort to "ensure the ...
11/26/2024Armenian Parliament considers transforming EFSD into independent structure
... particular, a $300 million loan has been allocated to support the state budget, and another $100 million will be allocated additionally. Besides, about $150 million loan has been allocated for the construction of the southern section of the North-South transport corridor. Also, $200 million will be provided for the construction of the Kajaran Tunnel and $40 million for the modernisation of the country's irrigation systems. Armenia's application for the construction of a water reservoir on the Mastara ...
11/25/2024Expert mathematically disproves threefold increase in Yerevan public transport fares
Babken Pipoyan, Chairman of ‘Informed and Protected Consumer’ NGO, published a video on his Facebook page, in which he reasonably criticises Yerevan Municipality for a steep rise of public transport fares. The municipality explains it by the need to acquire new buses. YEREVAN, 22 November. /ARKA/. Babken Pipoyan, Chairman of ‘Informed and Protected Consumer’ NGO, published a video on his Facebook page, in which he reasonably criticises ...
11/22/2024Armenia's GDP growth slowed to 5.2 per cent to about AMD 2.7 trillion in Q3 - official statistics
..., health and social services at 5.1 per cent and administrative and related activities at 0.5 per cent. Declines were recorded in public administration and compulsory social security - 23.7%, education - 11.3%, information and communication - 10.9%, transport and warehousing - 5.9%, provision of electricity, gas, steam and air quality - 3.6%, mining and operation of open-pit mines - 3.6%, and agriculture, forestry and fisheries - 1.2%. Armenia's economic growth in the state budget for 2024 is envisaged ...
11/20/2024Yerevan approves fare discounts on public transport
The Yerevan Council of Elders approved a package of fare discounts for public transport at a meeting on Tuesday. YEREVAN, November 19. /ARKA/. The Yerevan Council of Elders approved a package of fare discounts for public transport at a meeting on Tuesday. 34 people voted in favor, 0 voted against, and 23 abstained. On benefits ...
11/19/2024Yerevan city hall sees no issues for launching unified ticket system from next January 1
... 1, 2025. "I don't see any reason for this. In case of a potential program failure, measures should be taken to ensure that citizens are not affected," Grigoryan said on Tuesday at a meeting of the Council of Elders, where the provision of transport benefits to certain groups of citizens was discussed. According to the vice-mayor, citizens will have access to the most convenient fare options, including discounts for several categories—specifically, the monthly, quarterly, and annual ticket ...
11/19/2024Council of Elders to consider proposals on preferential transport fares in Yerevan
Two factions of the Council of Elders (legislative assembly of the Armenian capital Yerevan) - ‘Civil Contract’ and ‘Hanrapetutyun’ (Republic) - presented today a package of benefits intended for citizens using public transport, Yerevan Mayor's spokesman Hayk Kostanyan said. YEREVAN, 15 November. /ARKA/. Two factions of the Council of Elders (legislative assembly of the Armenian capital Yerevan) - ‘Civil Contract’ and ‘Hanrapetutyun’ (Republic) - ...
11/15/2024Armenian Jermuk Group to invest almost AMD 10bn in import of equipment and machinery
... company worth about AMD 9.8 billion. Jermuk Group plans to purchase 10 DAF XF 480 FT tractors and 10 Krone SDP 27 eLG50-CS isothermal semi-trailers. The new equipment will provide ‘Jermuk Group’ with better services for export of goods and freight transport, will increase the company's competitiveness, and enable it to compete both in the domestic and foreign markets with local and foreign companies.-0-
11/15/2024ADB explores special economic zone in Gyumri
... trade development. Since the start of its cooperation with Armenia in 2005, ADB has invested $1.9 billion in the country's economy, making it one of the largest multilateral development partners of the Republic. These investments include projects in transport, energy, water supply, and urban infrastructure. In the private sector, ADB supports utilities, infrastructure, financial institutions, and agribusiness. As Don Lambert, Director of the Asian Development Bank's Permanent Mission to Armenia,...
11/15/2024Yerevan public transport to cost 880-900 drams daily from January 1
A table with new public transport fares starting January 1, 2025 is circulating on Armenian social media. YEREVAN, November 14. /ARKA/. A table with new public transport fares starting January 1, 2025, is circulating on Armenian social media. According to the table, the ...
11/14/2024About 15% of Yerevan's revenues directed to subsidising public transport - mayor
About 15% of revenues collected by the capital Yerevan in 2024 have been used to subsidise public transport, Mayor Tigran Avinyan said at a working meeting on Monday. YEREVAN, 11 November. /ARKA/. About 15% of revenues collected by the capital Yerevan in 2024 have been used to subsidise public transport, Mayor Tigran Avinyan said at a working meeting ...
11/11/2024Yerevan's new Surmalu metro station project nears finalization, financing under discussion
... 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-
11/11/2024$9bn investment can help Armenia decarbonise economy and improve energy security - WB report
... per year. The country has long relied on natural gas imports to power its cities and industries, heat its homes, and fuel its transportation. Natural gas represents 63% of the country’s total energy supply, one of the largest shares in the world. The ... ... for Armenia. Armenia also faces a high level of water stress, with over-extraction in areas like the Ararat Valley and Lake Sevan threatening both agriculture and drinking supplies. In addition, transboundary water flows, which account for up to 35% ...
11/08/2024Cargo transportation in Armenia drops 11.7% over nine months, while passenger transportation rises 19.8%
The total volume of cargo transportation in Armenia reached over 12 million tons in January-September 2024, marking an 11.7% decrease compared to the same period in 2023. Meanwhile, total passenger transportation exceeded 162.9 million people, reflecting a 19.8% increase,...
11/08/2024Development of 360-meter tunnel and road infrastructure concreting begins on Armenia's ‘’North-South’’ route
Construction of 360-metre tunnel has started on the North-South road section from Agarak to Kajaran (phase 4). YEREVAN, 7 November. /ARKA/. Construction of 360-metre tunnel has started on the North-South road section from Agarak to Kajaran (phase 4). The implementation of the project is on schedule. A mission of the Eurasian Fund for Stabilisation and Development (EFSD) staff in Armenia visited the road section. The EFSD has allocated a loan of 150 million US dollars for the construction...
11/07/2024Armenia's foreign trade turnover slows to $23.7 billion in 9 months; major trade partners are Russia, UAE, and China
... and semi-precious stones, precious metals and products - $6.2 billion(a 6.1-fold increase), machinery, equipment, and mechanisms - about $2 billion (a 3.7% increase), mining industry products - $797.1 million (a 3.3% decrease), land, air, and water transport vehicles - $686.2 million (a 52.6% decrease), and finished food industry products - $516 million(a 16% increase). -0-
11/06/2024President of Russia: we are doing everything for normalization of Azerbaijani-Armenian relations
... ambassadors from 28 countries, including Armenian ambassador Gurgen Arsenyan. He said Russia ill continue to assist in the work on the peace treaty (between Armenia and Azerbaijan) , the delimitation of their state border, and the unblocking of economic and transport ties in line with the trilateral agreements reached by the leaders of the three countries in 2020- 2022. Putin also expressed satisfaction with the productive conversation between the leaders of Armenia and Azerbaijan at the BRICS summit held ...
11/05/20240.6% inflation recorded in October, 0.3% for the month
... appliances, and daily apartment maintenance activities dropped by 2.9% year-on-year in October, but rose by 1.2% over the month." The growth of prices in the healthcare sector in October was 2.2% year-on-year (up 0.2% compared to September). The transport sector saw a 6.8% increase (down 0.9% over the month), while the communications sector grew by 0.4% (down 0.1% month-on-month). In recreation and culture, prices rose by 0.6% (up 0.8% over the month), and in education, growth was 7.8% (unchanged ...
11/05/2024Armenia claims 'Crossroads of Peace' means to generate revenue for itself and neighboring countries
... /ARKA/. The regional communications project 'Crossroads of Peace,' proposed by the Armenian authorities, is a means to generate revenue for both Armenia and its 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 ...
11/05/2024Yerevan City Hall discusses with Central Bank option to pay for transport with bank cards
The capital's mayor, Tigran Avinyan, announced that it will soon be possible to pay for public transport in Yerevan using bank cards. YEREVAN, November 4. /ARKA/. The capital's mayor, Tigran Avinyan, announced that it will soon be possible to pay for public transport in Yerevan using bank cards. "We are actively discussing this issue ...
11/04/2024Armenia and Azerbaijan discuss sequence of sections for further border delimitation
... 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 and Mustafayev also separately discussed transport issues. The Armenian-Azerbaijani agreement on border delimitation signed on August 30 includes "regulations" for the joint activities of the governmental commissions of Armenia and Azerbaijan participating in the delimitation process....
11/01/2024Yerevan and Ankara to discuss relaunch of Gyumri-Kars railway
... counterpart Kılıç agreed to jointly assess the technical requirements for crossing the border via the Gyumri-Kars railway. On October 15, Armenian Minister of Territorial Administration and Infrastructure Gnel Sanosyan met with Turkish Minister of Transport and Infrastructure Abdulkadir Uraloglu in Istanbul during the World Congress of the International Road Federation. Details about this meeting have not been disclosed. As Armenian Foreign Minister Ararat Mirzoyan stated on October 18 at the ...
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