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Yerevan hotels recognised as most comfortable in OneTwoTrip rating

... Belgrade, Serbia (8.6). Earlier, the Armenian Tourism Committee reported that about 2.08 million tourists visited the country during the first 11 months of the current year. Most tourists came from Russia (892,200), Georgia (243,100), Iran (163,800), USA (57,100) and India (38,600).

12/19/2024


Armenia's foreign trade for 10 months totalled $26.2bn, growth continues to slow down

... Italy ($351.7m, up 1.4%), Belgium ($147.7m, up 11.2%), the Netherlands ($147.1m, down 47.7%) and France ($129.7m, down 2.1%). Trade turnover with the UAE was $4. 9bn, up 5.6 times, with China -$2. 3bn, 35.5% growth, with Iran -$593.1m, 4.7% growth, with USA -$356.7m, 40.1% decrease, with Georgia -$273.8m, 27% growth, with Iraq -$189.4m, 26.2% growth. Armenian exports rose 95.1% to $11.5bn, with exports to Russia totalling over $2.6bn, down 13.6%. The volume of exports to the EU countries in January-October ...

12/06/2024


US Secretary of Defence expresses support for Armenia's aspiration to achieve long-term peace in the region

U.S. Secretary of Defense Lloyd J. Austin III hosted Armenian Defense Minister Suren Papikyan at the Pentagon on Thursday. YEREVAN, December 6. /ARKA/. U.S. Secretary of Defense Lloyd J. Austin III hosted Armenian Defense Minister Suren Papikyan at the Pentagon on Thursday. The two leaders met to discuss the strategic relationship between the U.S. and Armenia, which includes a longstanding partnership between Armenia's Defense Ministry and the Kansas National Guard. "Your visit is historic...

12/06/2024


Armenian Defense Minister leaves for the US on a working visit

A delegation from the Armenian Ministry of Defense, led by Minister Suren Papikyan left for a working visit to the United States. YEREVAN, December 3. /ARKA/. A delegation from the Armenian Ministry of Defense, led by Minister Suren Papikyan left for a working visit to the United States. This was reported by the press service of the defense ministry. No details have been provided about the agenda of the visit or the planned meetings.

12/03/2024


Net inflow of non-commercial money transfers to Armenia from abroad down 1.4 times in 10 months of 2024

The net inflow of private cross-border remittances to Armenia from abroad through the banking system in January-October 2024 dropped to $1.03 billion from $1.45 billion in the first ten months of 2023, the report of the Central Bank shows. YEREVAN, 2 December. /ARKA/. The net inflow of private cross-border remittances to Armenia from abroad through the banking system in January-October 2024 dropped to $1.03 billion from $1.45 billion in the first ten months of 2023, the report of the Central...

12/02/2024


Armenia to receive €12.9 million from European Commission for nuclear safety enhancement

... until 2026, and efforts are underway to extend it further for an additional 10 years. A new nuclear power plant is planned to be built within 8-10 years. Currently, various options are being compared, and the experience of partners from Russia, the USA, and South Korea is being studied. The Armenian side is already reviewing a preliminary feasibility study for the construction of a new 1200 MW unit, developed by the ‘’Rosatom’’ state corporation. Earlier, Kirill Komarov, First Deputy Director ...

11/28/2024


High-quality Armenian fish and caviar will be exported

... Torosyan, founder and director of ART-FISH. The company's products are currently available on the local market and are also exported to CIS countries. In the near future, the fishery plans to expand production, and export its produces to Europe and the USA. Details in the video. 100% of the shares of ACBA Leasing are owned by ACBA Bank. ACBA Leasing is under the control of the Central Bank of Armenia.-0-

11/26/2024


Over 1.92 million tourists visited Armenia in 2024

In the first 10 months of this year, Armenia recorded about 1 million 926.4 thousand tourist visits, according to the Armenian Tourism Committee. YEREVAN, November 14. /ARKA/. In the first 10 months of this year, Armenia recorded about 1 million 926.4 thousand tourist visits, according to the Armenian Tourism Committee. This ...

11/14/2024


Armenia received over 1,100 tons of humanitarian aid worth $79.6 million in 9 months.

... 31.5 billion drams ($79.7 million), the National Statistical Committee said. During the same period last year, the country received 880.1 tons of humanitarian aid, worth 5.3 billion drams ($8.2 million). The largest portions of the aid came from the USA ($43.3 million), Germany ($8.1 million), and France ($3.3 million). The aid consisted of plastics and plastic products, rubber and rubber products (418 tons worth $445,200), textiles and textile products (144.3 tons worth $2.1 million), and products ...

11/06/2024


Armenia's foreign trade turnover slows to $23.7 billion in 9 months; major trade partners are Russia, UAE, and China

....3-fold increase. Imports from EU countries during the reporting period decreased by 14.8%, amounting to about $1.5 billion. Imports to China totaled $776.1 million, an increase of 7.6%; from  the UAE, $336.2 million, a decrease of 24.2%; and from the USA, $281.2 million, a decrease of 59.5%. The bulk of imports consisted of precious 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),...

11/06/2024


Armenia does not need particularly powerful new nuclear power plant - Sanosyan

... Its service life has been extended until 2026, and work id underway to re-extend it for another 10 years. The construction of a new plant may take 8-10 years; currently various options are being compared and the experience of partners from Russia, the USA, the South Korea is being studied. -0-  

11/04/2024


Plug and Play is already in Armenia: 10 Armenian startups will travel to Silicon Valley

... the world. We invest in about 200 startups a year, and our portfolio includes around 2000 startups, 35 of which are unicorns. We always closely monitor new ecosystems," said Karimpoor. He said that the company has 65 offices worldwide: in the USA, China, Central Asia, and Europe, and is opening an office in India. "We believe that there are excellent startups in Armenia and we hope for a long-term presence here. Yesterday, I had the opportunity to meet with some Armenian startups, and ...

11/01/2024


Hashish oil attempted to be sent from the USA to Armenia

... YEREVAN, November 1. /ARKA/. Two Armenian citizens have been detained on suspicion of attempting to import narcotics from the United States, according to the Armenian State Revenue Committee. Specifically, in the parcel that arrived from the USA, along with personal belongings, a plastic container containing 330 grams of hashish oil was discovered. Both citizens were detained and taken to the Investigative Committee. A criminal case has been opened for illegal drug trafficking and smuggling....

11/01/2024


Armenia sees 6.9% decline in tourist arrivals over first nine months of 2024 - Minister

... the first nine months of this year. This represents a 6.88% decline compared to the same period in 2023, when nearly 1.85 million tourist visits were recorded. The majority of tourists come from Russia (43%), followed by Georgia (12%), Iran (8%), the USA (3%), and India (2%). -0-    

10/28/2024


Armenian government tightens entry procedures for citizens of India, Iraq and Egypt due to the large number of illegal migrants

... in Armenia and are currently illegally residing in Armenia.  By the government's decision it is proposed to issue electronic visas to the citizens of these countries if they have temporary or permanent residence permits (or valid entry visas) in the USA, Australia, New Zealand, Korea, Great Britain and Northern Ireland, Canada, Russia, Japan, European Union, Schengen Agreement countries and Gulf Cooperation Council countries. Citizens of these three countries will be issued a visa if they have a ...

10/24/2024


US DFC corporation to help develop capital market in Armenia

... development. The importance of implementation of large investment projects in Armenia was also raised. About DFC Corporation The United States International Development Finance Corporation (DFC) is a  development finance institution and agency of the USA government. DFC invests in development projects primarily in lower and middle-income countries. DFC's lending capacity is used to provide loans, loan guarantees, direct equity investments, and political risk insurance for private-sector led development ...

10/23/2024


MONT TECH Becomes the Official Distributor of VMware Solutions in the CIS Market

.... "We are confident that, together, leveraging technical competencies, a partner network, and MONT TECH's extensive presence in the region, we can achieve strong results in promoting VMware products in the market."  Founded in 1998 in the USA, VMware is a recognized leader in virtualization and cloud computing software. In 2023, as part of the largest M&A deal in the history of the IT industry, Broadcom, a global leader in semiconductor and software development, acquired VMware for $65 ...

10/14/2024


Blue chips: why to buy ‘elite’ shares

... status indices: Dow Jones in the US, Nikkei in Japan, FTSE 100 in the UK, MSCI Europe in Europe. Also, some national exchanges create indices and websites that track the blue chips of the local market (Tokyo and Moscow exchanges). The blue chips of the USA exactly include securities of companies that have been steadily paying and increasing dividends for decades: Dividend Achievers (10 years and more), Dividend Aristocrats (25 years and more) and Dividend Kings (50 years and more). You can find them ...

10/10/2024


Some 1,722,600 tourists visit Armenia in January-September

About 1 million 722.6 thousand tourist visits were recorded in Armenia in the first 9 months of this year, the Tourism Committee of Armenian Ministry of Economy reports. YEREVAN, October 9. /ARKA/. Some 1,722,600 tourists visited Armenia in the first 9 months of this year,...

10/09/2024


Unprecedented Armenian-American field exercises held in Armenia

Field exercises were held in Armenia jointly with the Defense Threat Reduction Agency of the US Department of Defence from 19-24 September, the press service of the Armenian Security Council reports.   YEREVAN, 4 October. /ARKA/. Field exercises were held in Armenia jointly with the Defense Threat Reduction Agency of the US Department of Defence from 19-24 September, the press service of the Armenian Security Council reports. Within the framework of combating weapons of mass destruction...

10/04/2024


Armenia improves position in Global Innovation Index 2024, ranking 63rd

... Compared to last year’s rating, Armenia rose by 9 positions, ahead of Azerbaijan (95) in the new index, but behind Iran (59), Georgia (57), Russia (51) and Turkey (37).  Switzerland, like last year, showed the best result in the 2024 rating. Sweden, the USA, the UK and Singapore also made it into the top five. Burkina Faso, Ethiopia, Mali, Niger were the outsiders, and Angola is at the bottom of the rating.  The Global Innovation Index has been compiled since 2007 by a consortium of Cornell University ...

10/01/2024


Armenia represented for the first time at the Future Green City global conference in Utrecht

... This film, created by Green Rock, consists of interviews with community activist groups. Green Rock's presentation was attended by leading industry experts: urban planners, architects and government officials from the Netherlands, UK, Philippines and USA. After watching the film, the participants asked the speakers questions, which facilitated a discussion on the current situation and problems of greening in Armenia. The conversation continued after the screening, when the experts shared their views ...

09/26/2024


Wings of Tatev cable car in Armenia nominated for the third time for World Travel Awards 2024

... nomination ‘World's Best Cable Car Ride 2024’, the world's longest reversible cable car, located in southern Armenia, won in 2021 and 2023. This time, Wings of Tatev is competing with ropeways in Bolivia, Brazil, Canada, New Zealand, South Africa, USA, Vietnam and Canada. Voting is available on the award website, until 20 October 2024. Over 13 years of operation, Wings of Tatev has been used by more than 1 million people. The cable car is included in the itinerary of every fifth guest of the country....

09/25/2024


U.S. ready to continue assistance in promoting Armenia's democratic reforms: State Department

The United States is ready to continue to assist in promoting democratic reforms in Armenia, US Deputy Secretary of State Joshua Huck said at a meeting with Armenian Prime Minister Nikol Pashinyan in Yerevan on Friday. YEREVAN, 20 September. /ARKA/. The United States is ready to continue to assist in promoting democratic reforms in Armenia, US Deputy Secretary of State Joshua Huck said at a meeting with Armenian Prime Minister Nikol Pashinyan in Yerevan on Friday. The Prime Minister emphasized...

09/20/2024


Armenia's Military Attaché to he USA appointed

Armenian Prime Minister Nikol Pashinyan has appointed Hrayr Geghamyan as  Armenia's military attaché to the United States, the government website reports.   YEREVAN, 20 September. /ARKA/. Armenian Prime Minister Nikol Pashinyan has appointed Hrayr Geghamyan as Armenia's military attaché to the United States, the government website reports. According to the decree, the attaché's residence will be in Washington, D.C., and the term of service will be three years, starting...

09/20/2024


Armenia to build small modular NPP: Pashinyan outlines nuances

... Its service life has been extended until 2026, and work id underway to re-extend it for another 10 years. It is planned to build a new NPP within 8-10 years; currently various options are being compared and the experience of partners from Russia, the USA, the South Korea is being studies. The Armenian side is already considering a preliminary feasibility study for the construction of a new 1200 MW unit developed by the Rosatom state corporation. -0-

09/18/2024


Will there be mass emigration from Armenia after visa liberalization with EU?

... emigration," Pashinyan said, answering questions from participants of the Second World Armenian Summit. According to him, the more opportunities and freedom of movement, the less desire citizens have to go somewhere and stay there. “Today thousands of people from Armenia do not return home from Europe and the USA because they had a hard time getting there and if they return, they will not be able to go there again,” said he.  At the same time, Pashinyan stated that since the 1990s, the ...

09/18/2024


Rosatom begins to inspect radioactive waste storage facility of the Armenian NPP

... service life has been extended until 2026, and work is underway to re-extend it for another 10 years. The Government wants to build a new NPP within 8-10 years; currently various options are being compared and the experience of partners from Russia, the USA, the South Korea is being studies. -0-

09/17/2024


Armenian Minister and Russian Ambassador discuss repeated extension of Armenian NPP

... service life has been extended until 2026, and work is underway to re-extend it for another 10 years. The government wants to build a new NPP within 8-10 years. Currently various options are being compared and the experience of partners from Russia, the USA, and South Korea is being studied. -0-

09/11/2024


Armenia's foreign trade nearly doubles in 7 months to $20.4 billion

... Netherlands ($92.5 million, down 59.3%) and France ($83.4 million, down 8.8%). Trade with the UAE grew to about $4 billion, up 7.3 times, trade with China grew to about $1.7 billion, up 41.6%, that with Iran fell by 2% to $388.9 million and trade with the USA fell to $265.2 million. Exports According to statistics, exports from Armenia increased by 2.2 times compared to January-July 2023 to over $8.7 billion. Exports to Russia fell to $1.7 billion, a decline of 22.4%. Exports to the EU countries decreased ...

09/05/2024


Armenia sees 6.1% decline in foreign tourists in H1 2024

... the first half of the previous year. Visitors from Georgia numbered 126,927 (13.4% of the total), showing a 10.2% increase, and tourists from Iran totaled 69,252 (7.3% of the total), an 18.3% increase. Additionally, tourists from India (24,949), the USA (17,042), the Philippines (13,183), Ukraine (12,663), China (11,473), Germany (11,082), France (11,032), Belarus (7,796), South Korea (7,336), Italy (6,755), Turkey (5,539), the UK (4,991), the Netherlands (4,948), Kazakhstan (4,703), Poland (4,231),...

08/07/2024


Armenia's foreign trade doubles in first half of 2024 to over $18.4bn.

... Netherlands ($82 million, 60.2% decline), Belgium ($79.4 million, 21.1% growth), and France ($68.4 million, 14.9% decline). Other major trade partners were the UAE ($3.7 bln, 7.5 times growth), China ($1.4 bln, 41.9% growth), Iran ($323 million, down 6.8%), USA ($234 million, down 40%), Georgia ($131.7 million, up 2.7%), Iraq ($87.6 million, down 13.1%), Switzerland ($85.3 million, up 44%) and Republic of Korea ($66.7 million, down 28.8%). Exports Exports increased 2.3 times, to about $8 billion. Exports ...

08/06/2024


What are ETFs and can Armenian investors become their shareholders?

... accessible to 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 ...

07/26/2024


Yerevan responds to Baku's accusations of preparing for war - Foreign Ministry statement

In a statement issued today, the Armenian Ministry of Foreign Affairs rejected Azerbaijan's accusations that 'the jopint Armenia-USA military exercises held in Armenia, as well as France's supply of lethal weapons to Yerevan and the EU's provision of ten million euros in military aid to Armenia under the European Peace Facility cover encourage ...

07/25/2024


Washington intends to support Yerevan in security sphere: US Embassy in Armenia - on appointment of army representative in the MoD

Washington intends to support Yerevan in improving security management by appointing a US Army representative to Armenia's Defence Ministry, which will contribute to strengthening Armenian-American relations, the US Embassy in Armenia said in response to Armenpress' inquiry, specifying that the selection of the civilian advisor has already been made and he will start work this year. YEREVAN, 23 July. /ARKA/. Washington intends to support Yerevan in improving security management by appointing...

07/23/2024


Zakharova warns Armenia against rapprochement with the West

In a comment on the frequent visits of US officials to Armenia, Russian Foreign Ministry spokesperson Maria Zakharova argued that they are creating an illusion that the US cares about the welfare of Armenia and its people. YEREVAN, 18 July. /ARKA/. In a comment on the frequent visits of US officials to Armenia, Russian Foreign Ministry spokesperson Maria Zakharova argued that they are creating an illusion that the US cares about the welfare of Armenia and its people. ‘In reality, they are dragging...

07/18/2024


Investment risks and diversification: how to build a safe and profitable portfolio

... risks. Fidelity to one's own strategy, financial and emotional preparedness for downturns help to counter them. When forecasting and describing risks, experts traditionally focus on inflation rates and domestic demand in the world's leading markets (the USA, China and the European Union). The state of key players affects international trade relations. Depending on the current global environment, some risks increase and others decrease, so consider the specific circumstances in your approach to minimising ...

07/16/2024


Armenia ranks 72nd in Global Innovation Index 2023

... 2023 rankings, followed by Sweden, the United States, the United Kingdom, and Singapore. The lowest-ranked countries include Guinea, Mali, Burundi, Niger, and Angola at the bottom. The Global Innovation Index, established in 2007 by Cornell University (USA), INSEAD Business School (France), and WIPO, evaluates the innovation performance of 132 countries. The GII, now in its 16th edition, is a crucial resource for assessing the innovation capabilities of various economies. It is published annually and ...

07/10/2024


Pashinyan congratulates Biden on Independence Day

... cooperation in democratic reforms, promotion of economic and energy resilience, justice, fight against corruption, security cooperation and cooperation on other fields was reflected in the vision of raising the strategic dialogue between Armenia and the USA to the level of strategic partnership,” read Pashinyan’s message. According to Pashinyan, Armenia greatly values the role of the United States in the peace-building process in the South Caucasus and deeply appreciates the US support for the sovereignty,...

07/04/2024


Armenian wines presented at Vinexpo New York 2024

Eighteen Armenian winemaking companies took part in the annual international Vinexpo New York 2024 in the USA for the first time. YEREVAN, 28 June. /ARKA/. Eighteen Armenian winemaking companies took part in the annual international Vinexpo New York 2024 in the USA for the first time. More than 60 wines produced by Armenian winemakers were presented ...

06/28/2024


Armenian Customs receives $13 million worth of equipment for X-ray and radiation control from the U.S.

The United States has donated $13 million worth of X-ray and radiation control equipment to the Armenian State Revenue Committee. YEREVAN, 28 June. /ARKA/. The United States has donated $13 million worth of X-ray and radiation control equipment to the Armenian State Revenue Committee. The ceremony of installation of the equipment at the Apaven customs terminal was attended by Rustam Badasyan, head of the State Revenue Committee, and Kristina Kvien , US Ambassador to Armenia. The new equipment...

06/28/2024


US welcomes efforts to de-escalate tensions in the region: Embassy in Armenia

The U.S. welcomes good faith efforts to de-escalate tensions in the region, the US Embassy in Armenia said. YEREVAN, 24 June. /ARKA/. The U.S. welcomes good faith efforts to de-escalate tensions in the region, the US Embassy in Armenia said. "We welcome good-faith efforts to de-escalate tensions and achieve lasting and dignified peace in the region. The U.S. is ready to facilitate further steps in any form useful to the parties," the U.S. Embassy in Armenia said in response to an...

06/25/2024


Armenia Digital Award: what projects are eligible to apply

... delivery" here. So, I think the trend will affect the rest of the country pretty soon. Finally, let's discuss some global trends. Is there a digitalization trend that is already widespread in the developed countries, like the Western Europe, the USA, but has not yet reached Armenia? - I probably won’t speak from the point of view of digitalization and some technological trends, but from the point of view of customer experience and what customers consume and what is happening, first of all, ...

06/24/2024


U.S. ready to consider new opportunities for expanding economic relations with Armenia - State Department

... interlocutors discussed trade and economic cooperation, diversification of Armenia's exports and considering in that context the American continent as a new export market, as well as the development of Armenia's export strategy with the assistance of USAID, which is currently under active discussion. It was noted that Armenia will host the next American Competitiveness Exchange event in autumn 2024, which will be an opportunity to demonstrate the country's economic potential and promote the development ...

06/18/2024


Armenian PM and US Assistant Secretary of State discuss development of strategic dialogue between two countries

... directions, including between local self-government bodies and communities, as well as in the economy, education and other fields. At the meeting, the interlocutors discussed issues related to the implementation of the agreements reached at the Armenia-EU-USA high-level meeting held in Brussels on April 5 of this year. The sides eschanged thoughts on the discussions on the Armenia-Azerbaijan peace treaty, the border demarcation process between Armenia and Azerbaijan, the "Crossroads of Peace" ...

06/18/2024


Strategic partnership with Armenia very important for U.S. - Assistant Secretary of State

Armenian Foreign Minister Ararat Mirzoyan met on Monday with U.S. Assistant Secretary of State for Management and Resources Richard Verma, who arrived in Armenia as part of the first official visit of a delegation of U.S. mayors and local government officials. YEREVAN, June 18. /ARKA/. Armenian Foreign Minister Ararat Mirzoyan met on Monday with U.S. Undersecretary of State for Management and Resources Richard Verma, who arrived in Armenia as part of the first official visit of a delegation...

06/18/2024


Yerevan hosts US-Armenia Local Democracy Forum

The US-Armenia Local Democracy Forum started in Yerevan on Monday YEREVAN, June 17. /ARKA/. The US-Armenia Local Democracy Forum started in Yerevan on Monday. US Deputy Secretary of State Richard R. Verma and Armenia’s President Vahagn Khachaturyan opened the US-Armenia Local Democracy Forum on June 17 in Yerevan, the US Department of State reported on Monday. The Forum, which is the first of its kind, brings together US and Armenian mayors and regional, state, and provincial leaders for a two-day...

06/17/2024


U.S. Deputy Secretary of State for Management and Resources Richard R. Verma to visit Yerevan June 17-19

U.S. Deputy Secretary of State for Management and Resources Richard R. Verma will travel to Yerevan, Armenia from June 17-19 to participate in the U.S.-Armenia Local Government Forum on Democracy and to meet with Prime Minister Nikol Pashinyan and Foreign Minister Ararat Mirzoyan, the Department of State said. YEREVAN, June 14. /ARKA/. U.S. Deputy Secretary of State for Management and Resources Richard R. Verma will travel to Yerevan, Armenia from June 17-19 to participate in the U.S.-Armenia...

06/14/2024


USA and Armenia to upgrade status of bilateral dialogue to Strategic Partnership Commission

... statement that reads as follows: ‘Foreign Minister of the Republic of Armenia Ararat Mirzoyan hosted Assistant Secretary of State for Europe and Eurasia James C. O’Brien and an interagency government delegation for the Armenia-U.S. Strategic Dialogue (USASD) Capstone meeting, which took place in Yerevan, Armenia, on June 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,...

06/12/2024


Armenian Foreign Minister to U.S. Assistant Secretary of State: there are effective tools for economic diversification

The strategic dialog between Armenia and the US will be raised to a new level, Armenian Foreign Minister Ararat Mirzoyan said today. YEREVAN, June 11. /ARKA/. The strategic dialog between Armenia and the US will be raised to a new level, Armenian Foreign Minister Ararat Mirzoyan said today. “Given the growing content and dynamics of bilateral relations, we hope that our strategic dialog will be raised to a new level of the Strategic Partnership Commission, which can further strengthen the structural...

06/11/2024


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