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Frequent power outages concern Armenians: PSRC head candidate proposes solutions

... that it was necessary to examine the details of the investment program of ‘’Electric Networks of Armenia’’. ‘’Electric Networks of Armenia’’ CJSC is part of the Tashir Group, owned by prominent entrepreneur and philanthropist Samvel Karapetyan. ESA manages medium and low voltage distribution networks across Armenia, serving 1 million customers. -0-

11/15/2024


In the center of Yerevan, 145,000 subscribers will be provided with uninterrupted power supply

... approximately 6.7 billion drams to modernize the power supply network in the center of Yerevan over the next 2-3 years. The Electric Networks of Armenia is part of the Tashir Group of Companies, owned by a Russia-based businessman of Armenian descent Samvel Karapetyan. ENA runs medium and low voltage distribution networks in Armenia, serving 1 million subscribers. -0-

11/05/2024


Level of wear and tear of energy infrastructure in Armenia is 60 per cent - ENA Director General

... power grid to AMD 461 billion by 2030 to improve service quality, ensure reliable and uninterrupted power supply, connect new subscribers to the network. Electric Networks of Armenia CJSC is a part of Tashir Group of Companies, which is owned by Samvel Karapetyan, a businessman of Armenian origin based in Russia. ENA manages medium- and low-voltage distribution networks in Armenia, serving 1 million subscribers in the country.-0-

10/04/2024


Construction of new network will require at least $10 billion – CEO of ENA on the deplorable situation with power outages

... on tariffs.  "Both in 2015 and now, the tariff margin for 1 kWh of electricity is about 12 drams. We have not had any changes in the cost of 1 kWh of electricity since then," he added.  Speaking about the work to improve the electricity supply ... ... Armenia’’ CJSC is part of the Tashir Group of Companies, which is owned by the Russian based businessman of Armenian origin Samvel Karapetyan. ENA manages the medium and low voltage distribution networks in Armenia, serving 1 million subscribers in the country....

10/04/2024


ENA plans to rule out power cuts in the centre of Yerevan

... within 2-3 years. Avinian welcomed the idea, assuring that the municipality is ready to support its smooth implementation within its authority. Electrical Networks of Armenia is part of the Tashir Group of Companies, owned by Russian businessman Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving 1 million subscribers in the country. -0- -          

09/26/2024


Yerevan power system re-equipment programme estimated at AMD 6.3 bln - ENA General Director

... are under construction. 'We assume that by the end of 2025 the number of applications from new subscribers will reach 75 thousand,’ Darbinyan said. Electrical Networks of Armenia CJSC is part of Tashir Group of Companies, owned by Russia-bsed Samvel Karapetyan. It manages medium and low voltage distribution networks in Armenia, serving 1 million subscribers. -0-

09/04/2024


ENA plans to invest nearly $1.4bn by 2034 in development of Armenia's power grid.

... European Bank for Reconstruction and Development, Asian Development Bank and International Finance Corporation, as well as with a number of local commercial banks. Electrical Networks of Armenia CJSC is part of the Tashir Group of Companies owned by Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving 1 million subscribers.-0-    

09/04/2024


Plane crashes outside Yerevan, two killed

... just outside Yerevan, Armenia’s Interior Ministry Spokesperson reported on Friday. The plane crashed at around 9.30 am local time. Rescuers and an ambulance arrived at the scene before long. The Interior Ministry Director of the Rescue Service Yegor Karapetyan is currently coordinating the work at the crash site. At least two people were reported to have been killed in the crash.

07/19/2024


Turkey will not recognise Armenian Genocide in the nearest future - Turkish expert

... creating a historical commission to discuss all this issue was put forward. Turkey will not go further than that," Aydın said during the Building Tomorrow-2024 forum organised by the Applied Political Science Research Institute (APRI). In turn, Vazgen Karapetyan, deputy director of the Partnership-Eurasia Foundation, noted that first of all, it is necessary to create some kind of platform through which Turkey could understand what consequences could arise as a result of recognising the Genocide. "In ...

06/28/2024


Unibank presents two clients with a trip to Paris for the Olympic Games

... winner of the contest. Mesrop Hakobyan, Chairman of the Management Board of Unibank, and the athletes who will represent Armenia at the Olympic Games in Paris: wrestler Arsen Harutyunyan, gymnasts Artur Davtyan and Vahagn Davtyan, and shooter Elmira Karapetyan presented the prizes to the winners of the campaign.-0-

06/20/2024


Tashir Group of Companies president calls on authorities and opposition to refrain from escalation of tension

The President of Russia-based Tashir Group of Companies Samvel Karapetyan called on Armenian authorities and the anti-government protesters to refrain from escalation of tension following June 12 clashes between riot police and protesters in downtown Yerevan, who demand the resignation of PM Pashinyan. YEREVAN,...

06/13/2024


Tashir Group of Companies invests about $680m in modernisation of Armenia's power grids

Since 2016, Tashir Group of Companies has invested about $680 million in the modernisation of Armenia's electricity networks (ENA), Samvel Karapetyan, founder and president of Tashir Group of Companies, said in an interview with Armenia TV channel. YEREVAN, 3 June. /ARKA/. Since 2016, Tashir Group of Companies has invested about $680 million in the modernisation of Armenia's electricity ...

06/03/2024


Win a trip to Paris for 2024 Olympics with Visa and Unibank

... World Cup, European vice-champion, and European Games vice-champion gymnast Vahagn Davtyan, gold medalist of the World Shooting Championship, bronze medalist of the European Championship, silver medalist and record holder of the European Games Elmira Karapetyan. To participate in the promotion, Unibank cardholders had to make 50,000 drams worth of payments using a Visa card per month. At the end of the promotion, the winners of the main prize will be announced and will travel to Paris to spectate ...

05/31/2024


First muesli company established in Armenia

Having travelled around Europe and tasted many kinds of muesli, economist Magda Karapetyan founded the first company in Armenia to produce this healthy breakfast dish called Mornin. YEREVAN, May 23. /ARKA/. Having travelled around Europe and tasted many kinds of muesli, economist Magda Karapetyan founded the first company in ...

05/23/2024


Armenian parliamentary majority rejects opposition's motion on Armenian-Azerbaijani border delimitation

... should take place on the basis of international documents: UN Charter, Vienna Convention, Helsinki Final Act, and documents on delimitation and demarcation developed by the OSCE Secretariat as a reference point,” the motion reads. In her turn, Maria Karapetyan, MP from the ruling Civil Contract party, said that “not 1 mm of Armenia's territory is ceded to anyone”. At the same time, the current process, according to her, is the process of reproducing the Armenian-Azerbaijani border that existed ...

04/30/2024


MP from ruling party: Armenia's withdrawal from EEU not under discussion

At the moment, Armenia is not considering withdrawal from the Eurasian Economic Union (EEU), MP from the ruling Civil Contract party Maria Karapetyan said on Thursday. YEREVAN, March 28. /ARKA/. At the moment, Armenia is not considering withdrawal from the Eurasian Economic Union (EEU), MP from the ruling Civil Contract party Maria Karapetyan said on Thursday. Another MP from the ruling ...

03/28/2024


Electric Networks of Armenia CJSC fined AMD 20 mln for violations

... met, which directly violated the rights or legitimate interests of a number of applicants (consumers)," the PSRC said in a statement. Electric Networks of Armenia CJSC is part of the Tashir Group of Companies owned by Russian businessman Samvel Karapetyan. ENA manages medium and low voltage distribution networks, serving 1 million subscribers in the country. --0-

03/13/2024


About 35,000 new subscribers were connected to Armenia's power grids in 2016-2023. – ENA

... of the networks. According to the company's current program, by 2030, the total investment volume is planned to reach AMD 461 billion. Electrical Networks of Armenia CJSC is part of Tashir Group of Companies, owned by Russia-based businessman Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving 1 million subscribers. --0--

02/15/2024


Electrical Networks of Armenia plans to boost investments to AMD 461 bln by 2030

... the country c in 2024-2030, construction of a backup 110 kV transmission line towards Stepanavan and Tashir in Lori province. Electric Networks of Armenia CJSC is part of the Tashir Group of Companies, which is owned by Russia-based businessman Samvel Karapetyan. ENA runs medium and low voltage distribution networks in Armenia, serving 1 million subscribers in the country. --0--

02/14/2024


First issue of bonds by Electrical Networks of Armenia placed ahead of schedule, - CEO

... bonds is set at 11.4%, maturity is 3 years, coupon payments periodicity - every 6 months. The underwriter of the issue is Ameriabank. The Electrical Networks of Armenia CJSC is part of Tashir Group of Companies, owned by Russia-based businessman Samvel Karapetyan. ENA manages medium and low voltage distribution networks in Armenia, serving 1 million subscribers. ($1 - AMD 404.23). --0—

02/14/2024


VTB (Armenia) supports publication of a book on business management

VTB (Armenia) in partnership with Newmag publishing house supported the publication of Gor Karapetyan's book "Proactive Leader". YEREVAN, February 12. /ARKA/. VTB (Armenia) in partnership with Newmag publishing house supported the publication of Gor Karapetyan's book "Proactive Leader". In the book the author describes ...

02/12/2024


Armenian Prime Minister emphasizes raising discipline in the army and elimination of non-statutory relations

... servicemen, which started at the beginning of the year, the organization of conscription of women aged 18-27,. On Tuesday, two officers of the Armed Forces were found dead at their combat posts. According to the Defense Ministry, contract serviceman Karen Karapetyan was fatally wounded with a machine gun. An enlisted serviceman was detained on suspicion of murder. On the same day, the body of Senior Lieutenant Mikayel Danielyan with a gunshot wound was found at the firing position. Criminal cases are underway ...

01/10/2024


Second military man found dead in Armenia

... Forces Mikayel Danielyan was found dead of a gunshot wound at a combat position, the Defense Ministry reported. The incident occurred around 11:30 on January 9. Earlier in the day, another serviceman of the Armenian Armed Forces, Senior Lieutenant Karen Karapetyan, was found shot dead at his combat outpost. A serviceman was arrested on suspicion of Karapetyan's murder. Authorities launched an immediate investigation to find out the details of the incidents. Lieutenant General Edward Asryan, chief of ...

01/10/2024


Armenian Armed Forces conscript detained on suspicion of murder

... 9. /ARKA/. A conscript of the Armenian Armed Forces suspected of killing an officer at a combat post has been detained, the Armenian Investigative Committee said today. Earlier today, the Defense Ministry said that the body of contract officer Karen Karapetyan was found at around 06:20 a.m. at a combat position with a fatal wound inflicted from an automatic rifle. According to preliminary data, the gunshot wound was inflicted on the officer by a serviceman on combat duty. According to the investigation,...

01/09/2024


Body of contract serviceman found at combat position- Armenian Defense Ministry

The Armenian Defense Ministry said the body of contract serviceman Karen Karapetyan was found with a gunshot wound at 06:20 today morning at a combat position of a military unit. YEREVAN, January 9. /ARKA/. The Armenian Defense Ministry said the body of contract serviceman Karen Karapetyan was found with a gunshot wound ...

01/09/2024


Electric Networks of Armenia for the first time issues AMD 32 bln bonds

... Securities Exchange, the accessibility of our market for foreign investors has also increased. The Armenian and Warsaw Stock Exchanges are working to bring their standards closer. This will expand opportunities for Armenian companies to attract investments,... ... example. Electric Networks of Armenia CJSC is part of Tashir Group of Companies, which belongs to Russia-based businessman Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia ($1 - AMD 402.99). -0-

12/19/2023


Armenian regulator allows national power distributor to issue and place bonds worth $80 million

... said. Arshakyan pointed out that the cost of one bond will range from 100 thousand drams to 300 thousand drams. Electric Networks of Armenia CJSC is part of Tashir Group of Companies, which is owned by Russia-based businessman of Armenian origin Samvel Karapetyan. The company runs medium and low voltage distribution networks in Armenia. ($1 - AMD 402.56). -0-

11/22/2023


Unibank is the main sponsor of Unisport club

... CEO of Unibank. Famous athletes who will participate in the Olympic Games in the summer of 2024 have already joined the club. Unisport club members include Malkhas Amoyan, world champion of Greco-Roman wrestling and two-time European champion, Elmira Karapetyan, gold medalist of the World Shooting Cup, bronze medalist of the European Championship, silver medalist and record holder of the European Games, Slavik Galstyan, World bronze medalist of Greco-Roman wrestling and two-time European bronze medalist,...

11/17/2023


Hrazdan TPP: History and Prospects in the Future Configuration of Armenia's Power System

... (1st-4th power units) included in its authorized capital. In 2009, Russian RosNefteGas bought all shares of Hrazdan TPP, but three years later sold them to Russian Inter RAO (a division of RAO UES Holding). In 2015, the plant was acquired by Samvel Karapetyan's Tashir Group of Companies, and then it was registered as a subsidiary of Tashir Capital, a subsidiary of Tashir Group of Companies. The deal for Hrazdan Power Plant was closed ahead of schedule in December 2016. Today the Hrazdan Thermal ...

10/25/2023


Armenian Defense Minister orders subordinates to take “urgent” measures to tackle poor army discipline

... with a gunshot wound in the head. A machine gun attached to him was found on the ground next to him. The investigation found out that Murad Grigoryan was shot and killed by a fellow serviceman following an altercation. On August 10, serviceman Zhora Karapetyan received a gunshot wound incompatible with life under unclear circumstances. The next day, two of Karapetyan's fellow servicemen were detained on suspicion of driving Karapetyan to suicide. On August 11, the body of Private Granik Khnkoyan ...

08/30/2023


Armenian Defense Ministry reports death of serviceman

An Armenian army serviceman, Zhora Karapetyan, received a bullet wound on August 10 incompatible with life under circumstances that have not yet been clarified, the Defense Ministry reported. YEREVAN, August 10. /ARKA/. An Armenian army serviceman, Zhora Karapetyan, received a bullet ...

08/11/2023


Armenia’s regulator fines national power distributing company to the tune of AMD 20 mln.

... applicants were not notified of the reasons for the violation of the connection deadlines, the expected timing of electricity supply and they were not paid penalties. ENA is a part of Tashir Group of Companies, owned by a Russia-based entrepreneur Samvel Karapetyan. ($1 - 386.32 AMD)--0--

06/30/2023


Anti-Corruption Committee orders seizure of more than 30 pieces of property of former Armenian Minister of Environment

... Harutyunyan is also accused of legalization of criminal proceeds in the amount of $5 million, as well as of abuse of power, which caused grave consequences. The court ordered to arrest Aram Harutyunyan and two other persons- Suren Avagyan and Gagik Karapetyan. Over 30 pieces of property and money belonging to these persons were arrested. The list of arrested properties includes a building at Tigran Mets Street, a building on Ulnetsi Street, a building in David Anhakht Street, apartments and a garage....

06/26/2023


I will never get used to the idea that Artsakh will not be Armenian - Soft Papyrus founder

The founder and director of Soft Papyrus LLC Tigran Karapetyan says in an interview with ARKA-Business program broadcast on ARKA YouTube channel that he will never get used to the idea that Artsakh (Nagorno-Karabakh) will not be Armenian. YEREVAN, April 27. /ARKA/. The founder and director of Soft ...

04/27/2023


Tashir group of companies is second in Forbes' ranking of Kings of Russian Real Estate-2023

The Tashir group of companies owned by Russia-based businessman of Armenian origin Samvel Karapetyan is second in the latest rating of the Russian edition of Forbes "Kings of Russian Real Estate 2023". YEREVAN, March 2. /ARKA/. The Tashir group of companies owned by Russia-based businessman of Armenian origin Samvel Karapetyan ...

03/02/2023


Hybrid lab partners with Acba Bank to create unique medical solutions (video)

... laboratory develops 3D and already 4D medicine in Armenia, creating implants, joint parts and prostheses on site for those with lost limbs, who has mobility, maxillofacial and craniofacial problems. One of the co-founders of Haybrid laboratory is Karen Karapetyan. After the war, when the number of boys in need of prosthetics increased, Karen's extensive professional experience helped him to gather the best professionals in the field in one place. They received training, acquired innovative European ...

12/28/2022


Electricity prices in Armenia remain unchanged - PSRC decision

... drams and from 37.98 to 40.48 drams during nighttime hours. Armenia’s national power distribution company- Electric Networks of Armenia - is owned and run by Tashir Group of Companies, owned by a Russia-based billionaire of Armenian origin Samvel Karapetyan, who acquired the facility from the Russian energy holding Inter RAO UES in September 2015 . ($1 - $393.60). --0--

12/28/2022


Samvel Karapetyan, President of Tashir Group, expresses concern over situation in Artsakh due to provocation of Azerbaijan

Samvel Karapetyan, President of Tashir Group and the Association of Armenian Entrepreneurs, expressed concern over the situation in Artsakh (Nagorno-Karabakh) as a result of Azerbaijan's provocation. YEREVAN, December 14. /ARKA/. Samvel Karapetyan, President ...

12/14/2022


Armenia’s PSRC begins revision of electricity prices

... drams and from 37.98 to 40.48 drams during nighttime hours. Armenia’s national power distribution company- Electric Networks of Armenia - is owned and run by Tashir Group of Companies, owned by a Russia-based billionaire of Armenian origin Samvel Karapetyan, who acquired the facility from the Russian energy holding Inter RAO UES in September 2015. ($1 - 394.87 drams).

12/01/2022


Vahagn Hovakimyan elected new chairman of Armenian Central Election Commission

... the Civil Contract party to suspend his party membership. Hovakimyan was an MP from the Civil Contract and served as deputy chairman of the commission for state and legal issues. The parliament also elected new CEC members: Anna Grigoryan, Zhiirayr Karapetyan, Nune Hovhannisyan, Arusyak Terchanyan, Silva Markosyan, and Armen Smbatyan. Hovakimyan is replacing Tigran Mukuchyan, who was elected to the post on September 11, 2011, and reelected on October 6, 2016. -0-

10/07/2022


Experts warn of dangers of exchange of exclaves and border delimitation between Armenia and Azerbaijan

... completely surrounded by Azerbaijani territory. Following the war between the two sides in the 1990s, each side occupied the exclaves that were surrounded by their territory, and the respective populations had to flee. Another guest of the program, Anna Karapetyan, director of the Hayatsk analytical center, believes that the West is working to oust Russia from the South Caucasus. "The West is trying to make Armenia fix as soon as possible that it has no problems with Azerbaijan and Turkey. If there ...

09/30/2022


Tashir Group President: only united we can overcome all difficulties and achieve prosperity and peace for Armenia's future

Samvel Karapetyan, President of Tashir Group of Companies, has sent a congratulatory message to the Armenian people on the occasion of Independence Day. YEREVAN, September 21. /ARKA/. Samvel Karapetyan, President of Tashir Group of Companies, has sent a ...

09/21/2022


Tashir Group to provide $2 million assistance to those affected by Azerbaijan's aggression

The Russia-based President of the Tashir Group Samvel Karapetyan will provide $2 million assistance to all those who were affected by the latest Azerbaijan's military aggression against Armenia, the press service of Tashir Group reported. YEREVAN, September 16. /ARKA/. The Russia-based President of the ...

09/16/2022


EDB to provide $30 million for introduction of international standards of management and automated accounting systems in Armenia

... will provide to the Tashir Group of Companies will be used by the latter to introduce international management standards and automated accounting systems in Armenia. The agreement was signed by Deputy Chairman of the EDB Board Denis Ilyin and Narek Karapetyan, First Vice President of Tashir. The agreement signed during the EDB delegation's visit to the industrial site of Tashir Group in Yerevan, where, in particular, automated accounting systems are produced. The introduction of automated accounting ...

08/05/2022


PSRC fines Electrical Networks of Armenia to the tune of 20 million drams

... the Administrative Court within two months from the date of entry into force. ENA is Armenia’s national power distribution company and is part of the Tashir group of companies, owned by Russia-based Armenian entrepreneur and philanthropist Samvel Karapetyan.. ($1 - 411.04 AMD).

07/13/2022


$3 billion residential complex to be built in Yerevan

... construction was launched in a Yerevan neighborhood is to be completed in 2027. The complex of 63 residential buildings is being built by Housing Invest cjsc. The details of the five-stage project were presented by the company’s Director General Karen Karapetyan to Deputy Prime Minister Hambardzum Matevosyan on Saturday. The complex to be built in an area close to Tychina Street and the North-South Highway will have a forest park. The overall area is 129 hectares. The residential complex will have ...

05/30/2022


Two businessmen of Armenian origin are in Forbes' 2022 list of 88 Russian billionaires

... Armenian origin were included in Forbes' 2022 list of 88 Russian billionaires. Private investor, founder of online dating service Badoo Andrey Andreyev (Ohanjanyants) is ranked 42nd. His fortune is estimated at $2 billion. Tashir Group founder Samvel Karapetyan is 82nd. His fortune is $1.1 billion. The vast majority of billionaires' wealth has decreased over the year. Everyone in the top ten has lost billions. -0-

04/21/2022


Armenia did not vote for Euronest Parliamentary Assembly’s resolution

Armenian MP Maria Karapetyan, representing the country in the Euronest’s Parliamentary Assembly’s Bureau, did not vote for a Euronest Bureau’s resolution. YEREVAN, February 22. /ARKA/. Armenian MP Maria Karapetyan, representing the country in the Euronest’s Parliamentary ...

02/22/2022


Armenian, Ukrainian entrepreneurs set to expand cooperation

... Ukraine. Joint meetings of the Business Council will be held regularly, at least twice a year, successively in Ukraine and Armenia or online. The founding meeting was attended by Ambassador Extraordinary and Plenipotentiary of Armenia to Ukraine Vladimir Karapetyan and Charge d'Affaires of Ukraine to Armenia Denis Avtonomov. --0--

02/17/2022


Tashir to open third wholesale and retail trade center in Moscow for Armenian exporters

... on Tuesday in Yerevan the third Bukhta Yug wholesale and retail trade center, which is expected to open in Moscow in September 2022. The new trade center being built by the Tashir group of companies, owned by Armenia-born Russian billionaire Samvel Karapetyan is aimed at encouraging Armenian exporters and support local businesses. "It is very important to us to provide an exceptional opportunity to Armenian producers to enter the Russian market without any obstacles," said Gohar Gumashyan,...

02/16/2022


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