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Armenia to revamp benefits system placing focus on employment
... first, followed by the issue of providing benefits. "We have about 30,000 working-age citizens who are part of the benefits system. These individuals, while receiving assistance, do not have disabilities and are not responsible for people whose care would limit their ability to enter the labor market. We will offer various employment programs, and if a person continues to refuse job offers, we will begin to reconsider their support," he said. According to Mkrtchyan, if a person refuses ...
12/27/2024New system for assessing insecurity being developed in Armenia
... work, while continuing to expect assistance from the state, we will apply an attribution system," he said. Mkrtchyan further explained that if there is a working-age person in the family who refuses to work, and there are no individuals requiring care, such as disabled or elderly people over 70, it will be assumed that the person has an income equal to the minimum food basket, and they will be removed from the benefit system if necessary. The Minister also reported that since 2018, the number ...
12/25/2024Unibank named best bank for high-net-worth individuals in the CIS
... further development of Unibank Privé. We are grateful for the recognition of many years of effort invested in the growth of private banking. Unibank Privé is not just premium service and personalized investment solutions; it is the embodiment of sincere care for our clients and their families. For our clients, Unibank has become a reliable partner, and the Privé division is an assistant making life more comfortable. We have many ambitious plans aimed at enhancing personalized VIP service, and receiving ...
12/19/2024EU allocates €1.5m grant to Armenia to help Nagorno-Karabakh refugee
... The budget support program is aimed at meeting the short-term and long-term needs of Karabakh Armenians, as well as their long-term socio-economic integration, ensuring their involvement in the Armenian system of education, social protection, health care and the labour market. The EU office recalled that within the framework of the same programme, a grant of 13.5 million euros was already allocated in September 2024.-0-
12/10/2024OVIO completes rebranding and summarizes results of the process
... services, with cloud solutions playing a major role. "We have completed the rebranding process itself, but we believe it is an ongoing journey, driven by our commitment to satisfy even the most demanding customers through an honest, open work style, care, and pioneering innovative solutions. The rebranding process was accompanied by the launch of our data processing center, which is unique not only in its size and compliance with high international standards, but also in its strategic importance ...
11/28/2024Armenia's workforce exceeds 776,000 : Top 6 employment sectors
... Prospects. January-September 2024.’’ Leading sectors of employment at the end of September 2024: • Wholesale and retail trade: 130.5 thousand employees • Education: 125.6 thousand employees • Manufacturing: 91.4 thousand employees • Health care and social services: 52.8 thousand employees • Information and communication: 45.0 thousand employees • Construction: 42.2 thousand employees ‘’Compared to September 2023, employment growth was observed in nearly all sectors," the study ...
11/22/2024Council of Elders to consider proposals on preferential transport fares in Yerevan
... - Orphaned schoolchildren aged 8-18 - free of charge - Pensioners aged 63 and over - minus 30 per cent - Students - minus 15 per cent - Orphaned students - free of charge - Disabled persons of I, II categories - free of charge - Persons under state care (orphanages and nursing homes) - free of charge - Persons receiving state allowance - minus 20 per cent - Heroes (National Heroes of Armenia, Combat Cross, etc.) - free of charge - Large families (parents of 4 and more children) - free of charge ...
11/15/2024Under pressure from the West, Yerevan froze its participation in trilateral working group - Zakharova
... Russian Foreign Ministry spokesperson Maria Zakharova said at a press briefing on Wednesday, adding that Armenia has also withdrawn from all other trilateral formats. She claimed then that the United States and the European Union "absolutely do not care" about the fate of the South Caucasus. "The United States and the EU tried to assume the role of mediator, but they themselves could not come up with anything. They only copied our proposals, but at the same time distorted their essence,...
11/13/2024Service sector in Armenia grew by 5.9% in January-September, reaching 2.4 trillion drams
... catering services grew by 8% to over 257.6 billion drams and culture, entertainment, and recreation services upped by 10% to 224.8 billion drams. Professional, scientific, and technical services grew by 14% to 119.5 billion drams, while the health care and social services showed an 8% increase to 115.6 billion drams. The real estate sector services increased by 12.9% to 99.5 billion drams, administrative and support services grew by 6.7% to 84 billion drams, and education services rose by 4.9% ...
11/07/2024State subsidies for chemotherapy to increase significantly - minister
... significant part of the planned budget of the ministry will be directed to the construction of new buildings of medical institutions, since many buildings built even 10-20 years ago do not meet modern requirements. Avanesyan also announced the planned changes in the current emergency medical care system. In particular, she said that all regional systems will be united into a single national emergency medical service. She also said that in 2025, refugees from Nagorno-Karabakh will continue to receive a number of medical services free of charge....
11/01/2024Economic development more important than recognition of Armenian Genocide - Armenian minister
... their countries and Armenia. The issue of security is resolved as the economy develops. None of the issues will be solved until the economy reaches the proper level. Having ensured economic development, the issues of security, culture, education, health care, international position of our country are also solved. Economy, economy, economy, economy, economy, and no other problems,’ Papoyan said. 'We have recorded an economic growth of 12.7 per cent in 2022, 8.3 per cent in 2023 and 6.5 per cent in the ...
10/31/2024Inflation in Armenia in September made 0.6 per cent
... from August 2024) and utilities rose 0.6 per cent (up 0.2 per cent from August 2024). Prices for household goods, appliances and daily household activities fell 4 per cent in September from a year earlier and rose 0.9 per cent from August 2024. Health care prices rose by 2% year-on-year in September (up 0.2% m/, communication services rose by 0.5% (up 0.1% m/m), recreation and cultural services rose by 0, 3% (up 0.3% m/m), education rose by 7.8% (up 7.8% m/m), and the restaurant and hotel sector rose ...
10/03/2024"Green Portfolio": ethical and profitable investment
... that improve the state of nature and society. The main principles are ‘encoded’ in the abbreviation: E - Environmental (care for the environment), S - Social (development of society), G - Governance (ethical management, transparency of schemes, respect ... ... necessary to thoroughly research companies, relying on various sources: ESG-fund lists, experts‘ opinions, national stock exchanges’ assessments. This article is prepared within the framework of the joint project ‘Year of Investing in Oneself’ ...
10/02/2024Analysing the company: a guide for the investor
... buy-and-hold strategy, it is important to choose issuers that will remain competitive in the future. This should be based on the company's performance and the investment attractiveness of the sector. Select an industry Check the websites of your local stock exchanges to see where the leaders of the top indices are performing. For example, the health care and technology sectors are currently the main growth sectors of the S&P 500. Evaluate how dependent the sector in which the company operates is on legislative changes and what risks are typical for it. Independent analytical publications, investor ...
09/12/2024Armenia's services sector grew by 4.5 per cent to 1.8 trillion drams in seven months
... billion, accommodation and catering services rose 8.3% to AMD 192.7 billion, culture, entertainment and recreation services increased 6% to AMD 168 billion. Professional, scientific and technical services grew by 15.5% to AMD 94.1 billion, health care and social security services showed a growth of 8.8% to AMD 90.1 billion. Real estate activities rose 12.5% to AMD 76.6 billion, administrative and support services increased 8% to AMD 63 billion, and educational services rose 7.4% to AMD 45.8 billion....
09/06/2024Armenia's annual inflation rate in August 2024 was 1.3 per cent
... and utilities rose 0.9 per cent (1 per cent more than in July). Prices for household goods, appliances, and daily household activities fell 4.6 percent in August on a year-over-year basis and 2 percent on a month-over-month basis. Prices for health care rose 1.8 per cent year-on-year in August (up 0.3 per cent from July), transport rose 9.1 per cent (up 1.6 per cent from July), communications rose 0.4 per cent (up 0.1 per cent from July), recreation and culture rose 0.1 per cent (down 0.6 per cent ...
09/04/2024Armenia has not received official comments from Russia on cognac issue - minister
... that do not meet quality standards.’ So far, apart from statements in the media, we have not received any official comments from the Russian authorities. It is important for us that the brand ‘Armenian Cognac’ is valuable, and we ourselves take care that its quality remains at a high level’. In addition, the import of alcohol is controlled by the Russian Rosselkhoznadzor agricultural watchdog. We ourselves are interested in making sure that everything is properly organised,’ he said. At ...
09/02/2024Harmful tips for novice investors, or how to stay out of earnings for sure
... drawdowns. So, in case of market losses, you risk finding yourself in a debt trap. More trades - more profits The over-motivated novice investor follows the belief ‘the more active you are, the higher the chances of success’, because it often helps in career, studies or hobbies. However, in market conditions, this principle can create a negative effect. Here, the ‘risk premium’ does not always increase with the amount of effort invested. Often novice investors expect instant profit, believing that ...
08/27/2024Annual inflation in Armenia was 1.4 per cent in July
... (down 0.9 per cent month-on-month), while utilities increased by 0.4 per cent and 0.6 per cent respectively. Prices for household goods, appliances, and daily household activities decreased 2.5 percent in July 2024 and 0.7 percent from June 2024. Health care prices rose 1.2% year-over-year in July (down 0.1% month-over-month), while transport prices increased 10% (up 1.7% month-over-month). Also, prices for communication services increased by 0.5% (down 0.1% from June), prices for recreation and cultural ...
08/05/2024Armenian government approves €102m healthcare loan agreement with IBRD
The Armenian government approved a loan agreement with the International Bank for Reconstruction and Development (IBRD) to implement a nationwide healthcare services program valued at €102 million YEREVAN, July 18. /ARKA/. The Armenian government approved a loan agreement with the International Bank for Reconstruction and Development (IBRD) to implement a nationwide healthcare services program valued ...
07/18/2024Annual inflation of 0.8% recorded in June in Armenia
... 0.1%. The clothing and footwear segment experienced a yearly price drop of 1.9% and a monthly decrease of 0.9%. Prices for utilities fell by 0.4% over the year and remained unchanged month-over-month. Household items, including appliances and daily care activities, saw a 1.3% annual decline and a 0.5% monthly decrease. Healthcare costs rose modestly by 0.9% over the year, with no monthly change. Transportation costs surged by 10.8% annually and 1.2% monthly, reflecting rising fuel prices or increased ...
07/03/2024Armenia to loan $110m from World Bank to cover healthcare expenditures
The World Bank has approved a loan of $110 million to help Armenia provide healthcare services to its citizens, the press service for the Armenian office of the World Bank revealed on Monday. YEREVAN, July 1. /ARKA/. The World Bank has approved a loan of $110 million to help Armenia provide healthcare services to its citizens, the ...
07/01/2024How to start investing: tips for those who want to earn on the stock exchange
... first case, you invest in companies in different market segments, in the second case you buy assets of foreign issuers. Take care not only of the income part of investments, but also of the protective part. The latter allows you to cover expenses in unforeseen ... ... tools and strategies that are easy to understand - Focus on specific goals - Follow your plan, but do not be afraid to make changes - Analyse the situation, do not let other people's opinions and emotions influence your actions. - Start investing when ...
06/26/2024Efes Insurance launches two health insurance products in Armenia
... that this product has been used in neighboring Georgia for about two years. “In 85-90%, either the diagnosis or treatment changes, or the need for surgery disappears,” he said. International Health insurance package Speaking about the second product,... ... Meliksetyan explained that coverage is provided almost everywhere in the world except North America for virtually all areas of health care, from annual physicals to cancer treatment. The coverage limit is about €2 million, the cost is monthly from $120-130 (47,...
05/31/2024"Rostelecom Armenia" rebrands to "OVIO".
... an extremely significant event for the company. This is not just a rebranding, but the opening of a new page in the history of the company, based on the desire to satisfy even the most demanding customer, thanks to an honest and open manner of work, care and innovative solutions. We are already trusted by about 70,000 subscribers and this obliges us to constantly improve. With this rebranding, we mark the beginning of the company's transformation. I am also pleased to announce the official launch ...
05/24/2024Armenia values the contribution of the EFSD in promoting the stable functioning of the health care system
... Stabilisation and Development (EFSD) discussed with representatives of the Ministry of Health the implementation of socially important grant projects in the country. The EFSD is financing a project in Armenia to increase the readiness of the health care system to respond to the spread of infectious diseases. A grant totalling $3 million has been allocated for this purpose. The project involves the reconstruction of the Ararat (Artashat) and Armavir (Vagharshapat) branches of the National Centre ...
05/24/2024Armenia’s GDP grows by 9.2% up to 1.97 trillion AMD
... activities – 5.4%, water supply and drainage, waste management and recycling – 5.1%, agriculture, forestry and fishing – 4.4%, education – 4.4%, culture, entertainment and recreation – 1.1%, household activities – 0.8%, as well as health care and social services – 0.1%. A decline was registered in government administration and defence, mandatory social security - 13.2%, mining - 5.7%, transportation and warehousing - 5.2%, as well as information and communications - by 3.2%. The state ...
05/21/2024Male and female paths in investing. Is there a "battle of the sexes" in the financial market
... are optimized in terms of profitability and return, due to a more conservative approach. Investing and values Women are more likely than men to be guided by the principles of socially responsible investing. The concept is to invest in companies that care about the environment, have a positive impact on society, and use fair and transparent management mechanisms. Their activities may be related, for example, to environmental projects or the development of medicine. If an organization stops supporting ...
05/15/2024Armenia registered annual deflation of 0.7% in April 2024
... non-alcoholic beverages decreased by 4.5%. Alcohol and tobacco products were up 7% yoy. Clothing and footwear prices were down 0.6% and utilities were down 0.1%. Prices for household goods, appliances, and daily housekeeping activities were down 0.6%. Health care prices declined by 0.2% in April year-on-year, transportation registered an 8.5% increase (and communications rose by 0.3%. Recreation prices declines by 0.2%, education prices saw a growth of 4.8%, the restaurant and hotel sector prices grew by ...
05/06/2024ADB ready to help Armenian government reform health sector
Armenia's healthcare sector is facing a number of challenges that affect the quality of healthcare and accessibility of services, Luke Fotchman, Deputy Director of the Asian Development Bank's Armenia Resident Mission, told a press conference today. " YEREVAN,...
04/11/2024In Armenia, 2.5 times more hard-to-reach medical services provided to citizens in 2023 than in 2017 - Minister
In 2023, the number of free (financed by the government) hard-to-reach medical services provided to citizens in Armenia grew to 861,845, by 74,981 services more than in 2022, including hospital care, Health Minister Anahit Avanesyan said today. YEREVAN, April 11. /ARKA/. In 2023, the number of free (financed by the government) hard-to-reach medical services provided to citizens in Armenia grew to 861,845, by 74,981 services more than in ...
04/11/2024Council of Europe to present €2.8 million package to help refugees in Armenia
... i, the protection of the rights of refugee children and women, especially from vulnerable groups, support to refugee host communities, human rights institutions, the full integration of medical workers from Nagorno-Karabakh into the Armenian health care system, as well as the provision of psychological support to them. As part of the response package, the Council of Europe initiated four new programs and added additional components to two ongoing programs. In March, the Council of Europe's two-year ...
04/09/2024Service sector in Armenia grew by 5.2% to AMD 473.1 bln in 2 months of 2024
... decrease, transport sector grew to 51.5 billion drams (15.4% decrease), accommodation and catering services grew to 43 billion drams (6.9% increase), and culture, entertainment and recreation services were up 3.2% to 42.5 billion drams. Also, health care and social security services increased by 10.3% to 22.9 billion drams, professional, scientific and technical services increased by 12.6% to 21.5 billion drams. Real estate related services showed an 8.8% growth to 20.7 billion drams, administrative ...
04/08/2024Soldier's House equipped with modern medical equipment thanks to assistance of Stepan Gishyan charitable foundation
... opportunity to solve a number of problems of the guys with military disability," said Mikael Sahakyan, Chief Doctor of the Soldiers' Home rehabilitation center. "The charitable foundation pays special attention to all programs aimed at the health care sphere. Within the framework of this program, we helped the Soldier's Home Rehabilitation Center to purchase modern equipment and tools. We are glad that we were able to be part of this important initiative," said Anna Gishyan, Director of Stepan ...
04/04/2024Year-on-year consumer prices in Armenia in March 2024 were down 1.2%
... in March 2024 compared to March 2023. Alcohol and tobacco products were up 7.4%. Clothing and footwear prices were up 1.2%and utilities were down 0.1%. Prices for household goods, appliances, and daily housekeeping activities increased 0.1%. Health care prices declined by 0.8%, transport prices registered a 9% increase, while communications declined by 0.4%.Recreation and culture services dropped by 0.4%, education services prices upped by 4.8%, restaurant and hotel prices grew by 3.8. At the same ...
04/03/2024More than 860 thousand medical services provided free of charge in Armenia in 2023
...,845 medical services rendered in 2023, which is by 74,981 more than in 2022, Health Minister Anahit Avanesyan said in Parliament today. She also noted that in 2023 the ministry implemented 46 measures to increae the volumes of free in-patient medical care and services to the population in hard-to-reach areas. According to her, the list of the most frequently diagnosed serious diseases remained the same - cardiovascular diseases, diabetes mellitus, malignant neoplasms. In particular, in 2023, the number ...
03/22/2024Armenia records annual deflation of 1.7% in February 2024
... tobacco products were up 7.5%. Prices for clothing and footwear rose by 1.4%, while prices for utilities rose by 0.8%. Prices for household goods, appliances, and daily housekeeping activities did not change. The year-on-year price increase in health care in February amounted to 0.1%. Transportation prices increases by 10.4%, and communications prices declined by 0.5%. Recreation prices grew by 0.6%, education fees by 4.8%, restaurant and hotel prices were up 3.5%. Prices of non-food products in February ...
03/06/2024Armenia to receive $3 mln ADB grant to improve food security
...," the government said. The program is open to farms that meet a number of criteria, such as those with one breadwinner, where the owner of the farm is a woman, with 4 or more children under the age of 18 and with persons with disabilities in their care. -0-
02/29/2024From March 1, prescriptions for medicines in Armenia will be written in electronic format
... electronic prescriptions is being introduced in stages since July 2022 and currently covers all polyclinics (primary health care institutions). The process is available through the ArMed e-health system (a mobile application of the same name is also ... ... antibiotics, antifungal, antimycobacterial, antiviral drugs, immune sera and immunoglobulins, vaccines and misoprostols. The changes will not affect prescriptions for psychotropic drugs and drugs containing narcotic substances. Tsakhkanush Sarkisyan, ...
02/28/2024Rostelecom supports the project on providing children's rehabilitation services in Meghri
... Center, Rostelecom's press service reports. There are 2,500 children in Meghri district, of whom 200-250 have various developmental disorders. The project includes construction and renovation, furnishing, creating conditions for appropriate medical care, and training specialists at the Meghri Regional Medical Center. "We are pleased to announce that Rostelecom Armenia is once again participating in a very important social project to provide medical assistance to children with developmental ...
02/28/2024Armenian customs officers stopped import of more than 7.6 tons of undeclared clothes
... was 2,800 kg. This was an attempt to conceal more expensive goods such as new clothes and socks. Another truck contained new undeclared clothing weighing 1,328 kg. Transit documents again contained inaccurate information. In particular, 5,059 kg of care products were declared, but the actual weight of the goods in the truck was 3,110 kg. A third truck contained new undeclared clothing weighing 1,276 kg. The total weight of undeclared clothing was 7,633 kg. Based on these data, the customs officers ...
02/09/2024Armenia's services sector grew by 10.3% in 2023 to over 3 trillion drams
... accommodation and public catering services grew by 19% to 311.5 billion drams, and culture, entertainment and recreation services upped 9.6% to 270.7 billion drams. Professional, scientific and technical services increased by 6.9% to 144.8 billion drams. Health care and social security services increased by 3.7% to 142.7 billion drams. The real estate related services showed a growth of 8.7% to 119.4 billion drams and education services increased by 7.1% to 75.5 billion drams .($1 - AMD 404.26) -0-.
02/08/2024Armenia records annual deflation of 0.9% in January 2024, prices rise 1.2% over the month
... were up 7.4% year-over-year in January and up 0.3% from December 2023. Apparel and footwear prices increased 1.9% and 0.4%, respectively, and utility prices increased 0.8% and 0.6%, respectively. Prices for household goods, appliances, and routine home care activities rose 0.5% on a year-over-year basis in January and were down 0.3% from the previous month. Prices for medical services rose 1.7% in January y/y and 0.2% from December 2023, while prices for transportation rose 9.2% and 0.5%, respectively....
02/07/2024Fastex to Provide up to 5 Million $FTN to the “Olympionic” Sports Foundation
... attention to the sports these days, but like the whole world, the sports need additional funding and curation. It is a world-known practice to involve diverse sponsors who will solve issues that are not included in the scope of issues under the state’s care. We already have a preliminary agreement with Fastex and our negotiations are at a very practical stage. In the very near future, we will sign a memorandum, after which a tripartite agreement will be signed between RA MoESCS, "Fastex" and ...
02/06/2024Free breast cancer screening program will cover all Armenia - Health Ministry
The breast cancer screening program will cover all regions of Armenia, Head of the Health Care Policy Department of the Health Ministry Knar Gonyan said on Thursday. YEREVAN, February 2. /ARKA/. The breast cancer screening program will cover all regions of Armenia, Head of the Health Care Policy Department of the Health Ministry Knar Gonyan ...
02/02/2024Residents of Armenia's six provinces barely feel GDP growth
... Shirak. According to Makaryan, capacity building for these provinces means not only creation of infrastructure, roads, schools and kindergartens, but also a dramatic development of education (establishment of various educational institutions), health care, services, as well as cultural and leisure centers. He explained that a region is considered underdeveloped if there are problems in at least one of these areas. The Armenian government's forecast for economic growth in 2024 is 7%. Economy Minister ...
01/29/2024More than 80 children with acute respiratory viral infections and covid treated at Muratsan University Hospital - YSMU Rector
... number of hospitalizations of children aged 0 to 4 with acute respiratory infections has decreased by about 32%," he wrote in a Facebook post. As of January 23, there were about 26 children with pneumonia in the pediatric and neonatal intensive care clinic at Muratsan University Hospital, Muradyan said. This is about 62% more than the number of children with this diagnosis under the age of 4 hospitalized as of January 7. "These are cases of viral infection with complications that can have ...
01/24/2024Investment products: basic concepts, features of instruments, pros and cons
... prices of ETFs are lower than those of stocks. Secondly, the investor does not have to have special knowledge. The fund takes care of the main tasks: it collects a portfolio of securities, provides market entry, is engaged in reinvestment. - low volatility.... ... is smoothed by the growth of others; - transparency. You can always see the composition of the portfolio and follow the price changes; - the opportunity to save on brokerage commissions. Instead of paying a fee for individual trades, you buy ETF units ...
01/24/2024Investments for specific purposes: retirement planning and education
... to you. These include planning for retirement and paying for education YEREVAN, January 17. /ARKA/. One of the ways to take care of your own future, to support your children and to avoid financial dependence is investing. Investing will be effective ... ... at a peak or a low when it is necessary to withdraw money from assets. Accordingly, in such a situation the risks increase. Changes in exchange rates can also negatively affect the return on investment. Risk tolerance largely determines the preferred ...
01/17/2024Armenian Ministry of Health reports 1.1-fold increase in the number of ARI patients
... Friday. According to her, 76% of those sickened are children under 18. The number of emergency room visits increased, but the frequency of hospitalizations decreased by nearly 16% compared to the previous week. "The number of referrals to intensive care units decreased by 8%," she said, adding that morbidity rates will continue to rise. --0--
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