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Pashinyan bows out of CIS summit in Saint Petersburg due to COVID-19
... Prime Minister Nikol Pashinyan announced that he tested positive for COVID-19 on December 23. "On December 23 and 24, I was in isolation and worked from home. By December 25, my test results were negative, and I am returning to my regular work schedule. However, after consulting with my colleagues, I have decided not to attend the informal summit of CIS leaders, which will be held today in Saint Petersburg," he wrote on his Facebook page. Regarding his participation in tomorrow's meeting ...
12/25/2024Armenian Airlines to resume flights to a number of Russian cities from 20 December
The Armenian Airlines will resume flights to a number of destinations in accordance with the established schedule from 20 December, the airline said in a Facebook post. YEREVAN, 19 December. /ARKA/. The Armenian Airlines will resume flights to a number of destinations in accordance with the established schedule from 20 December, the airline said in ...
12/19/2024Unibank opens new Dalma branch
... branch in the Dalma Garden Mall. The press service of the Bank said all necessary conditions have been created in the new branch to provide comfortable, fast and modern service. The branch will work 7 days a week from 12:30 to 20:30. A special working schedule will allow customers to visit the branch and use quality banking services at the most convenient time. The branch will provide all banking services to individuals and legal entities such as deposit account opening, consumer and business lending,...
12/18/2024Dalan Technopark and OVIO sign memorandum of co-operation
... a video surveillance system with artificial intelligence technology and video analysis functions, special intrusion detection and alarm notification systems, and other technologies. Construction work is going on at a rapid pace, ahead of the planned schedule. Concreting of the public premises is almost completed. Floors 1-4 are completely ready, construction of the 5th and 6th floors is nearing completion. At the same time, preparatory works on facade installation are underway, and soon the installation ...
12/17/2024Armenian government dissolves Gyumri Council of Elders
... Thursday to suspend the activities of the Council of Elders in Gyumri. YEREVAN, December 12. /ARKA/. The Armenian government decided at a meeting on Thursday to suspend the activities of the Council of Elders in Gyumri. The next decision was to schedule snap elections in Armenia's second-largest city. It is noted that the decision will take effect on February 25. First Primaries in Armenia The results of Armenia's first-ever primaries were announced the day before, determining the candidate ...
12/12/2024Development of 360-meter tunnel and road infrastructure concreting begins on Armenia's ‘’North-South’’ route
... 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 of this section. The project involves the construction ...
11/07/2024Armenian airlines expected to be removed from EU blacklist- minister
... mid-December,’ he said. The minister noted that Armenian aviation authorities will request European partners to conduct a study to decide which airlines to remove from the ‘black list’. ‘We have appealed to our colleagues to develop a working schedule, a plan and stages that Armenian aviation should go through in order to get off the ‘black list’. We have scheduled a video meeting for 13 November, during which a roadmap will be worked out,’ Sanosyan said. In 2020 the European Commission ...
11/04/2024Yerevan City Hall discusses with Central Bank option to pay for transport with bank cards
... during the current transition period (before the full implementation of the unified ticket system - ed.)," Avinyan noted at a meeting on Monday. Noting that the partial implementation of the unified ticket system was initiated two months ahead of schedule, Avinyan expressed hope that it will be possible to transition to nearly 100% cashless payments by January 1, 2025. "The latest developments indicate that, overall, Yerevan residents (adequately) accept the unified ticket system, albeit ...
11/04/2024Italian company Systematica to develop transport system for Academic City in Yerevan
... the Aragatsotn region. The 580-hectare area with modern "green" technologies is to accommodate 8 state and 8 international/private universities, about 44 thousand teachers, scientists and students from Armenia and abroad. According to the schedule, design work will begin this year, phased construction will begin in 2025, and the first students will be welcomed in 2030. -0-
10/17/2024Armenian Airlines granted 16-year aircraft operator certificate
Armenian Airlines has received an aircraft operator certificate from Armenian Civil Aviation Committee for a period of 16 years. YEREVAN, October 14. /ARKA/. Armenian Airlines has received an aircraft operator certificate from Armenian Civil Aviation Committee for a period of 16 years. “This is an important achievement for the development of the company and expansion of flight routes,” the airline’s Facebook page notes. As indicated in the message, Armenian Airlines is temporarily...
10/14/2024New programs of Wizz Air in Armenia discussed
... touched upon. Wizz Air, one of the largest budget carriers in the world, has been operating in Armenia since 2020, when the first Yerevan-Vienna-Yerevan flight was launched. There are about 10 flights from Armenia to Europe and the UAE in the airline's schedule.-0-
10/10/2024Pashinyan on creating Academic campus
... highway. The 580-hectare territory, where modern ‘green’ technologies will be introduced, will accommodate 8 public and 8 international/private universities, about 44 thousand teachers, scientists and students from Armenia and abroad. According to the schedule, design work will start this year, phased construction from 2025, and the first students will start their studies in 2030. -0-
10/02/2024Flights between Yerevan and Tehran and Tel Aviv operate as planned - airport data
The escalation of tension between Israel and Iran has not affected the schedule of flights from Yerevan to Tehran and Tel Aviv and back. YEREVAN, October 2. /ARKA/. The escalation of tension between Israel and Iran has not affected the schedule of flights from Yerevan to Tehran and Tel Aviv and back. According to Yerevan's ...
10/02/2024ENA plans to invest nearly $1.4bn by 2034 in development of Armenia's power grid.
... improving the system of commercial metering of electricity (over AMD 40.87 billion). Speaking about the sources of financing, the CEO noted that the company plans to issue bonds (the first issue for 32 billion drams was successfully placed ahead of schedule in February 2024 - ed.). At the same time, he noted that ENA fruitfully cooperates with a number of international financial organisations - European Bank for Reconstruction and Development, Asian Development Bank and International Finance Corporation,...
09/04/2024Pashinyan: master plan for Academic Campus completed
... district on the northwestern outskirts of Yerevan, extending beyond the city to a vacant area in the village of Sasunik in Aragatsotn Province and eastward towards the Ashtarak Highway. The campus will also encompass the Hayfilm studio. According to the schedule, design work will begin this year, with phased construction starting in 2025. The first students are anticipated to begin their studies at the campus in 2030.
08/28/2024Armenia to introduce chickenpox vaccination in 2024
... of Health. The vaccine rollout will be phased, initially targeting children aged one and those of pre-conscription age. By 2027, vaccination will be integrated into the National Immunization Calendar for children aged 1 to 6, similar to the existing schedule for measles and rubella. Atoyan reported that between August 1 and 20, Armenia registered 336 cases of chickenpox, with approximately 83% of the infected being individuals under 18 years old. Official statistics reveal that in the first half ...
08/21/2024Metsamor NPP completes maintenance ahead of schedule, operating normally
The Armenian Nuclear Power Plant (ANPP) has successfully completed its planned preventive maintenance ahead of schedule and is now operating normally, the plant's press service reported on Friday YEREVAN, August 16. /ARKA/. The Armenian Nuclear Power Plant (ANPP) has successfully completed its planned preventive maintenance ahead of schedule and is now operating ...
08/16/2024Rich Dad, Poor Dad: How the level of financial literacy is related to children's upbringing
... child. However, not everyone's attention to order extends to handling money. Why is it necessary to keep track of the school schedule, but not necessarily to know the amount of monthly expenses? Do ignorance and slovenliness lose their negative character ... ... reject them. For example, one person, brought up in a family with little wealth, gets used to being limited, does not think about changes and does not set big goals for himself, while another person chases luxury, lacks self-control and wastes money. Often ...
08/15/2024Armenian Embassy in Georgia warns of traffic restrictions on Georgian-Russian border
... Devdorak tunnel (Upper Lars border crossing) on the Georgian-Russian border. It said the movement of all types of vehicles will be restricted on 15, 16 and 17 August from 10:00 to 19:00. During this period, vehicles will use the bypass road on a temporary schedule under the direct control and coordination of the police, the embassy noted. Upper Lars is the only land crossing linking Armenia with Russia and onwards through Georgia. Thousands of trucks were reportedly queuing last week due to repair work....
08/14/2024Unibank places bonds ahead of schedule
Unibank has completed the placement of coupon bonds YEREVAN, July 22. /ARKA/. Unibank has completed the placement of coupon bonds worth AMD 2 billion and USD 5 million ahead of schedule. The bonds will be listed on AMX Armenian Securities Exchange. The coupon yields on the issued AMD and USD bonds are 9.75% and 5%. The maturity of bonds is 36 months. Coupon income will be paid quarterly. Bond Program Prospectus (registered ...
07/22/2024Yerevan’s Ajapnyak metro station to take four years to complete, financing still unclear
... approval of the program by the Investment Committee, after which the required amount of funding will be determined and the practical stage will begin. She reported that all possible risks and current deviations are being discussed, and a more detailed schedule for 2024-2025 is being developed, which will depend on the final approval of the funding source. Discussions with the Investment Committee are planned to be completed by August of this year, the environmental impact factor is being analyzed (will ...
07/01/2024Armenia Digital Award: what projects are eligible to apply
... a kind of summing up the trend towards digitalization and the development of the IT sector in Armenia? How do you assess the changes in Armenia over the past decades in terms of digitalization and the promotion of new trends? - Undoubtedly, a huge step ... ... you had to spend an entire day at a crowded public office, but you would get things done by the end of the day. Now you can schedule your visit online, but you'll have to wait for two or three months I guess. But, in my opinion, this is also some kind ...
06/24/2024Minister: Reconstruction of railway in flooded area goes ahead of schedule
Limited use of railway expected shortly YEREVAN, June 14. /ARKA/. The reconstruction of the flood-damaged railway in northeastern Armenia that connects the country with Georgia goes ahead of the schedule, the country’s Minister of Territorial Development and Administration Gnel Sanosyan said on Friday. “Perhaps we’ll be able to resume traffic earlier than we expected,” he said during a government session. He also added that limited use ...
06/14/2024OVIO reopens redesigned and renewed sales and service offices
... operator's features and becoming a provider of IT solutions. The company recently launched the most powerful Data Center in Armenia, which is an extremely important step for Armenia's technological progress. Constantly updated information about the work schedule of the offices in the process of renewal, as well as the offices recommended for carrying out current transactions, can be found on the ovio.am website at the following link. OVIO also informed that new and current subscribers can make all transactions ...
06/06/2024Russian Deputy Foreign Minister: Armenia avoids diplomatic, defense cooperation due to pressure from West
... from the West, Deputy Foreign Minister of Russia Mikhail Galuzin told state news agency TASS. “Foreign Ministers [of Armenia and Russia] haven’t met since November 2023. Our [Armenian] partners showed no interest in our suggestion to work out a schedule of consultations between the Foreign Ministries. Contacts between the Defense Ministries have become much more rare through no fault of ours either. Our defense tech cooperation also stumbled. This happens because the West puts pressure upon ...
06/05/2024Armenia to loan $100m from Eurasian Fund for Stabilization and Development
... including the technical support program aimed at improving the quality of financial statements in the state sector. The parties emphasised the importance of the EFSD Strategy for 2022–2026, as well as the strategies of member countries, and agreed to schedule a detailed discussion by the end of May. During the meeting, the EFSD approved a loan worth $100 million for Armenia. The Fund’s total portfolio in the country is roughly $540 million. The Eurasian Fund for Stabilisation and Development (EFSD) ...
05/20/2024Psychology in the stock market: 5 behavioral failures and 5 ways to bypass the traps of one's own psyche
... though you can get data from a broker, it is important to see and work with your results on a regular basis. Otherwise, it will be easier for you to give up analyzing, and over time this will have a negative impact. Start an Excel spreadsheet and make a schedule to pay attention to different parts and spread the busyness. Then analyzing won't seem overwhelming. 5. Do not give in to illusions about your own intuition. Successful deals are the result of an investor following the right strategy and taking ...
05/03/2024VTB (Armenia) provides support to ARMMONO festival
... VTB (Armenia) is supporting us in such a large-scale project, which will undoubtedly play an important role in the development of Armenian culture and strengthening international relations," she said. Detailed information about the event and the schedule of theater performances can be found on the official website or on the social pages of the festival. VTB Bank (Armenia) is regulated by the Central Bank of the Republic of Armenia. -0-
04/17/2024Re-extension of Armenian NPP operation term will last until 2026 - NPP General Director
... another 10 years," Martirosyan said in response to a question from the ARKA news agency. In his turn, Rusatom-Service JSC general director Yevgeny Salkov noted that before the next meeting, which will be held in the very near future, a general schedule for the execution of work will be drawn up. ‘Everything is going according to the plan," he said, stressing that the re-prolongation program is a joint Russian-Armenian project. Salkov confirmed that Armenian and Russian partner companies ...
03/26/2024Unibank places AMD 2 bln and $5 mln bonds ahead of schedule.
Unibank has completed the placement of registered coupon bonds worth AMD 2 billion and $5 million ahead of schedule. YEREVAN, March 21. /ARKA/. Unibank has completed the placement of registered coupon bonds worth AMD 2 billion and $5 million ahead of schedule. Due to the trust of clients and favorable terms of the offer, the demand for the bonds was quite ...
03/21/2024How choosing an account can help you reach your financial goal
... pledge of shares, which the broker always keeps with himself or herself. The broker monitors how the price of the client's assets changes. If it falls, the company has the right to sell the asset to guarantee compensation for the amount of the loan provided.... ... retirement. It provides tax-deferred contribution growth. SEP IRAs offer higher limits than traditional IRAs and a flexible deposit schedule. You can contribute money once or multiple times a year. UK ISA (Individual Savings Account) is a savings account. There ...
03/21/2024Accident at major water pipeline affects households in two districts of Yerevan
... damaged the water pipeline. The French-owned national water distributing company Veolia Jur said its employees have working since night to fix the problem. According to it, the elimination of the consequences will last several days. This means that the schedule of water supply to the settlements fed from this water pipeline will be carried out with interruptions. "Our specialists are working out a mechanism of correct distribution of the volume of water supplied to Yerevan in order to mitigate ...
03/11/2024Contacts between Putin and Pashinyan may be organized, but they are not currently on the schedule - Peskov
Contacts between Russian President Vladimir Putin and Armenian Prime Minister Nikol Pashinyan can be promptly organized if necessary, but they are not currently on the schedule, said Putin's spokesman Dmitry Peskov, according to Tass news agency. YEREVAN, March 4. /ARKA/. Contacts between Russian President Vladimir Putin and Armenian Prime Minister Nikol Pashinyan can be promptly organized if necessary, but they ...
03/04/2024Shirak Avia to launch direct flights between Yerevan and Russian Tyumen
... YEREVAN, February 15. /ARKA/. Armenian Shirak Avia will start flights between Russia's Tyumen and Yerevan from March 31. The flights will be carried out on Fridays, TASS news agency reported citing Tyumen's Roschino airport. According to the airport's schedule, flights will be operated from March 31 to October 26, 2024. The flight from Tyumen will depart at 15:10 (13:10 Moscow time), and from Yerevan - at 9:30 (8:30 Moscow time). Travel time will be 3 hours and 40 minutes. According to the airline's ...
02/15/2024First issue of bonds by Electrical Networks of Armenia placed ahead of schedule, - CEO
The first issue of bonds by the Electrical Networks of Armenia (ENA) national power distribution company to the tune of AMD 32 billion has been placed ahead of schedule, the company's CEO Karen Harutyunyan said. YEREVAN, February 14. /ARKA/. The first issue of bonds by the Electrical Networks of Armenia (ENA) national power distribution company to the tune of AMD 32 billion has been placed ahead of schedule,...
02/14/2024Negotiations between Yerevan and Baku is the only way to sustainable peace - State Department
... action taken," Miller said at a press briefing on Tuesday. He recalled that as Secretary of State Antony Blinken has consistently emphasized that the United States is committed to peace talks between Armenia and Azerbaijan. Asked whether Blinken is scheduled to meet with the leaders of the two countries, Miller said that announcements about the Secretary of State's schedule in Munich (in the framework of the February 16-18 security conference) will be made ‘as we get closer to the date of the ...
02/14/2024Armenian parliament allows citizens to carry arms for self-defense
... that the amendments ban use of gas cans and other irritating or aerosolizing means by minors. Citizens who serve or have served in law enforcement agencies, or who have been on compulsory military service for 5 years, which was not completed ahead of schedule, are exempted from practical examinations for the possession of weapons. Gabrielyan said that until June 1, 2025, those who have award weapons must submit to the police medical certificates and pass the exam, otherwise their weapons will be hollowed ...
01/16/2024Yerevan Metro to extend working hours in connection with New Year holidays
Yerevan Metro (subway) said today that its working schedule will be changed in connection with New Year holidays. YEREVAN, December 27. /ARKA/. Yerevan Metro (subway) said today that its working schedule will be changed in connection with New Year holidays. On December 31, the Metro will open at ...
12/27/2023Deputy minister of economy elected head of board of directors of ANIF
... chairperson of the Board of Directors of the Armenian National Interest Fund CJSC (ANIF), the press service of the Ministry of Economy reported. The powers of the former chairperson of the Board Tigran Avinian (now Yerevan Mayor) were terminated ahead of schedule on November 13, 2023, according to the order of Economy Minister Vahan Kerobyan. According to another decision, ANIF's balance sheet and income statement for 2022 were not approved because "the consolidated financial statements for the reporting ...
12/25/2023How to Build Up Financial Discipline
... income/expense ratio, calculate how much money will allow you to get into the plus side and save. It's important to save before bills are paid, not at the end of the month, because the second scenario will likely leave you with less or no money. To stay on schedule, it is convenient to use a savings account with automatic replenishment Use a part of your savings to form an emergency reserve. This is a large sum that will be enough for you to live for several months without income. Such savings are the result ...
12/12/2023Ardshinbank opens "Vardanants" branch to serve small and medium-sized businesses
... clearance, fulfilling tax obligations, as well as handling salary payments to employees. In such cases, borrowers are provided with a grace period of up to 12 months, and considering the seasonality of the business, the bank develops an individual repayment schedule for clients to repay the principal amount of the debt”. The “Vardanants” branch is located in Yerevan, at 27 Vardanants Street. Operating hours: Monday to Friday, 9:15 AM to 4:45 PM. The activities of Ardshinbank are regulated by the Central ...
11/17/2023Living on credit: the path of losers or the privilege of the rich?
... income to repay your debts; otherwise it will be difficult to cope. Determine the size of the potential monthly payment and the schedule of payment. They depend on the amount of the credit, the interest rate - the fee for using the bank's funds - and the ... ... several years. In an ideal world, loans would only be taken by people who, making monthly payments, would not feel negative changes in their lives. That is, they do not have to get into new debts and deny themselves the usual expenses. Credit is a helper,...
11/15/2023Armenian National Interests Fund's 2022 financial report not approved due to inaccurate data
... order to that end (not to approve the reports) was signed by Economy Minister Vahan Kerobyan. According to another order posted on the website of the ministry, the powers of Yerevan Mayor Tigran Avinyan in the ANIF Board have been terminated ahead of schedule. In addition to the powers of Tigran Avinyan, who was chairman of the Fund's Board, the powers of two other Board members - Sona Tevanyan and Aneta Babayan - have also been terminated. ANIF was established in 2019 with a mandate to consolidate ...
11/13/2023Four reasons why you should invest in yourself
... experience of friends and colleagues, try not to succumb to marketing tricks. You can fully customize the process of additional education to your goals and objectives, based on the understanding of your own peculiarities. Choose a convenient type and schedule. It can be individual lessons with a tutor, attending group lessons, even a university course. Analyze how comfortable you are interacting with tutors. The effectiveness of the training determines the benefits of the investment. It is all in ...
10/31/2023Hrazdan TPP: History and Prospects in the Future Configuration of Armenia's Power System
... 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 Power Plant is owned by HrazTPP (Units 1-4, operating capacity is up to 760 MW) and Gazprom-Armenia (Unit 5, Hrazdan-5 - a unique new project with modern technological solutions, which for the first ...
10/25/2023Rossia airline to operate more flights between St. Petersburg and Yerevan from October 1
... 1, 2023. YEREVAN, September 27. /ARKA/. Rossiya Airline, a division of Russian Aeroflot Group, will operate more flights from Russian St. Petersburg (Pulkovo airport) to Armenia’s capital Yerevan starting from October 1, 2023. The airline's schedule now includes additional flights to the capital of Armenia on Fridays and Sundays (business class seats are available), the airline said in its telegram channel. The additional flights on Fridays and Sundays are expected to be in demand among ...
09/27/2023Wizz Air changes flight schedule to Yerevan and Baku due to escalation in Karabakh
... the escalation of the conflict in the Nagorno-Karabakh region. Wizz Air flights to and from Yerevan and Baku were canceled yesterday or rescheduled for today. Wizz Air is closely monitoring the situation and will keep its passengers informed of any schedule changes. Wizz Air sincerely apologizes for any inconvenience caused, but the safety of our passengers, crew and aircraft remains our top priority," the Hungarian airline said. -0-
09/20/2023Unibank completes placement of AMD 1 billion and USD $5 million bonds ahead of schedule
Unibank has completed the process of placing AMD 1 billion and USD $5 million registered coupon bonds ahead of schedule. YEREVAN, September 13. /ARKA/. Unibank has completed the process of placing AMD 1 billion and USD $5 million registered coupon bonds ahead of schedule. Although the issue prospectus was to be completed on October 6 this year, the bonds were ...
09/13/2023Moscow treats Yerevan as an ally, says Russian Deputy Prime Minister
... Speaking to Tass Overchuk said Russian and Armenian officials are expected to meet on September 27 when the Eurasian Economic Commission (the executive arm of the Russia-led Urasian Economic Union) is set to have a Board meeting. 'This is what is on the schedule now," Overchuk said when asked if any contacts between Russia and Armenia are expected. --0--
09/12/2023Yerevan-Kapan-Yerevan regular flight operated for the first time today
... center of Syunik province, was performed today, the Syunik provincial administration said in a Facebook post. "The airplane, which departed from Zvartnots Airport in Yerevan at the set time, landed at Kapan-Syunik Airport, then according to the schedule, a flight in the opposite direction took place," it said. Flights on this route are operated by NorAir airline twice a week - on Tuesdays and Fridays. A one-way ticket costs 20 thousand drams (about $50). --0--
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