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National Weather Center plans to purchase two modern weather radars in 2026
... The department now develops estimates and forecasts based on laboratory analysis of observations and sampling. He also mentioned that the deployment of the new radar stations will significantly contribute to the development of the "Early Warning System."
12/30/2024Armenia to revamp benefits system placing focus on employment
... the minister stated that when an application for benefits is submitted, the possibility of employment will be considered 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 ...
12/27/2024Armenia approves Employment Strategy for 2025-2031
... well as fostering entrepreneurship, especially focused on employing middle-aged women (30-40 years old). Integrate recipients of family and social benefits who do not have work capacity restrictions by improving the efficiency of the social benefits system. Transform the state employment policy system to focus on developing human capital, increasing high-productivity jobs, and reducing the mismatch between labor supply and demand. As a result of implementing the strategy, the document anticipates ...
12/27/2024Biometric system to operate in Armenia from second half of 2026 – Minister of Internal Affairs
A new biometric system, including new biometric passports and ID cards, is planned to be introduced in Armenia, according to Armenian Minister of Internal Affairs Arpine Sargsyan. YEREVAN, December 27. /ARKA/. A new biometric system, including new biometric passports ...
12/27/2024Ardshinbank once again recognized as Private Bank of the Year and Retail Bank of the Year by Global Banking and Finance Awards magazine
... and services, setting new standards, applying best practices and innovations, and thus shaping the future of Armenia's banking system. Awards in two categories from such a prestigious international magazine not only reinforce our position as a leader in ... ... was established in 2011 by the Global Banking & Finance Review magazine, based in the United Kingdom, to recognize significant changes in the global financial community. The awards are presented annually and cover the global financial sector, including ...
12/26/2024“Gazprom-Armenia” to invest about 143 billion drams in 2025-2029
... 27.51 million drams (excluding VAT) to 143 billion 45.67 million drams. The key areas of the investment program include the expansion of the Abovyan underground natural gas storage facility, the restoration and reconstruction of the gas transmission system, the connection of new subscribers, and other work in the gas distribution system. On gas supplies from the Russian Federation to Armenia: CJSC “Gazprom-Armenia” is a 100% subsidiary of the Russian energy holding PJSC Gazprom, the sole supplier ...
12/26/2024Ardshinbank Finances the Construction of an Innovative Greenhouse Facility
... production of greenhouses and specialized equipment. Ardshinbank's investment in the project is around 3 billion drams. The greenhouse complex occupies 5 hectares of the 26-hectare land owned by the company and is equipped with the most modern automated systems that provide the microclimate necessary for plant growth. The project fully complies with the international GLOBAL G.A.P. system, which ensures safety standards for agricultural products. “Ardshinbank welcomes such innovative business projects....
12/25/2024New system for assessing insecurity being developed in Armenia
A new system for assessing insecurity is being developed in Armenia, which is one of the key institutional reforms of the Ministry of Labor and Social Affairs, said the head of the department, Narek Mkrtchyan. YEREVAN, December 25. /ARKA/. A new system ...
12/25/2024Armenian banking system profit in 2024 to exceed 300 billion drams
The profit of Armenia's banking system in 2024 will exceed 300 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia. YEREVAN, December 24. /ARKA/. The profit of Armenia's banking system in 2024 will exceed 300 billion drams, said Martin Galstyan, Chairman ...
12/24/2024More than 4 thousand foreigners granted temporary residence right in Armenia in 2024
... permanent residence status, and 2,930 people received it, and another 408 people applied for special residence status and 413 of them were granted it,’ he said. He noted that 5,341 people applied for temporary residence status through the work permit system (workpermit.am), 3,961 applications were satisfied. Overall, in 2024, some 20,703 people applied for Armenian citizenship, and 4,034 people applied for its termination. Some18,063 persons were granted citizenship and the citizenship of 3,433 persons ...
12/23/2024Yerevan City Hall launches new website for easy travel ticket purchases
The website for the unified ticket system, transport.yerevan.am, has been launched, where citizens can purchase passes for buses, trolleybuses, and the metro, Yerevan Mayor Tigran Avinyan said on Monday. YEREVAN, December 23. /ARKA/. The website for the unified ticket system, transport....
12/23/2024Yerevan Municipality proposes to maintain fares for single trips on buses and metro until February 1
... cost of one trip on buses and the metro at current 100 drams, on trolleybuses - at 50 drams until February 1, 2025, the press secretary of the Municipality Hayk Kostanyan revealed in a Facebook post, recalling the complete transition to a single ticket system in public transport from January 1. YEREVAN, December 20. /ARKA/. The Yerevan Municipality proposed to maintain the cost of one trip on buses and the metro at current 100 drams, on trolleybuses - at 50 drams until February 1, 2025, the press ...
12/20/2024Yerevan's public transport revolution: What passengers can expect in 2025
... found. "As in several European and other countries, tickets will be checked on buses. If the ticket is not valid, you will be fined. While the exact process is still unclear, discussions are ongoing," Kostanyan said. On the Unified Ticketing System Currently, a single ride on a bus or metro in Yerevan costs 100 drams, while a ride on a trolleybus costs 50 drams. Since November 1, payment for transportation is only accepted in 100-dram coins or through payment terminals, and since the end ...
12/20/2024Dalan Technopark and OVIO sign memorandum of co-operation
... development,’ said OVIO CEO Hayk Faramazyan. OVIO's data centre is the largest in Armenia and is built to high standards of TIER III equipment and infrastructure reliability. The centre is powered by two independent power substations, a redundant cooling system and 24/7 uninterrupted service. It is this robust infrastructure that will provide OVIO's partner organisations with an unprecedented level of data and access protection. OVIO will offer Dalan Technopark customers converged services and its leading ...
12/17/2024About 15% of Armenia's labour resources underutilized: employment strategy for 2025-2031 presented
... potential in the labour market, as well as entrepreneurship development, especially among middle-aged women (30-40 years old). - Integration of family and social benefit recipients without work restrictions by increasing the efficiency of the social benefit system. - Transformation of the state employment policy system aimed at developing human capital, increasing high-productive jobs and reducing the mismatch between labour demand and supply. As a result of the implementation of the strategy, the following ...
12/16/2024Yerevan mayor to eliminate bus dispatch points
... December 16. /ARKA/. Old bus control points should be dismantled, Yerevan Mayor Tigran Avinyan said on Monday. "Significant changes will need to be made to the operations of the “Yerevantrans company”. In particular, the old traditional dispatch ... ... Avinyan said during a working meeting at the city's municipality. According to him, if municipal buses are equipped with a GPS system, it should be relied upon, and all data should be collected in a single center. “Accordingly, all information will be ...
12/16/2024“Crossroads of Peace” initiative aligns with CIS interests – Armenian Deputy Prime Minister
... with the interests of all CIS countries, said Armenian Deputy Prime Minister Mher Grigoryan. “The initiative is important and aims at the full realization of the region’s trade and economic potential by unblocking borders and creating a regional system of transport and communication infrastructure, both in the East-West and North-South directions,” Grigoryan noted at a meeting of the CIS Council of Heads of Government on Thursday. According to him, sustainable and inclusive regional economic ...
12/12/2024Passage on Armenia's longest bridge allowed again
... carries the railway and the upper tier carries the motorway. As part of the overhaul, the top layer of the carriageway is being replaced with asphalt concrete. Waterproofing of overpasses and pavements is also carried out along with building a drainage system.-0-
12/11/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... its most important priorities. “There are many problems in the Armenian capital market at the moment. First and foremost, I would like to highlight the issue of insufficient information and the lack of a proper culture. Traditionally, the banking system and loan-based financing have dominated in Armenia," Mikaelyan said, responding to a question from the ARKA news agency about the main obstacles hindering the development of the capital market in Armenia. According to him, it will take time ...
12/11/2024Roots Furniture: from idea to big Armenian furniture business (video)
... consumers with the Acobian Furniture brand, has more than 20 years of history: all traditions were passed down by the grandfather of the company's director Levon Steapanyan. The manufacturing is carried out without emission of waste, a special dust removal system has been installed to collect sawdust on the territory of the factory and turn it into fuel, this way solving also the issue of heating. Roots Furniture's partner is Acba Leasing, with whose assistance the company has purchased solar panels and ...
12/11/2024EU allocates €1.5m grant to Armenia to help Nagorno-Karabakh refugee
... provided as part of the budget support programme. 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-
12/10/2024Central Bank head disagrees that MiCA-like regulation of cryptocurrencies could scare away potential investors
... disagrees with claims that MiCA-style cryptocurrency regulation could scare away potential investors. The Central Bank is a risk management organisation and it is important for us that crypto-assets first get their legal reflection in the financial system. Why did we choose the European model rather than, for example, the El Salvador model? Because it is most in line with internationally recognised standards. Firstly, the travelling rules and other approaches required by the FATF must be reflected ...
12/10/2024Armenia's European orientation linked to democratic reforms - Alen Simonyan
... in our state, said Armenian NA Speaker Alen Simonyan at the opening of the PACE Committee on Legal Affairs and Human Rights meeting in Yerevan. “Armenia, with its past and present, is an integral part of European civilization, grounded in a common system of values and a unique cultural and historical heritage,” Simonyan said. He stressed that the ongoing reforms in the country are also a cornerstone of the security and are directly linked to steps aimed at achieving peace in the region, which ...
12/09/2024Canada supports Yerevan's efforts to normalise relations with Baku - special envoy
... service reported. Nikol Pashinyan highlighted the importance of expanding ties with Canada in various fields and that country’s support in promoting democratic reforms in Armenia. The Prime Minister emphasized that reforms in the public administration system, the development of institutional capacities, and the implementation of reforms in the judicial and legal sphere are of strategic importance for the Government of the Republic of Armenia. Stéphane Dion noted that Canada welcomes the steps of the ...
12/06/2024In Armenia, 21,228 deaths recorded in January-October; 5.3% increase
... 5.3% more than the number recorded during the same period in 2023. This is according to data published by the National Statistical Committee of Armenia. More than half of the people (53.1% or 11,265 individuals) died from diseases of the circulatory system, a figure that is 5.6% higher than in the first 10 months of 2023. The second leading cause of death is neoplasms (20.8%, or 4,419 people, an increase of 3.5%). Other causes of death include respiratory diseases (9.2% or 1,962 people, an increase ...
12/06/2024Ameriabank named the Bank of the Year 2024 in Armenia by The Banker Magazine
... the source, being part of BoGG will allow Ameriabank to raise capital more easily, enabling it to invest in improving its products, services and technology. The arrangement is also expected to give a significant boost to the wider Armenian financial system and economy as well as opening new prospects for regional projects and business development. Artak Hanesyan, CEO at Ameriabank, has commented on this achievement with the publication: “Our focus remains on enhancing our customers’ digital experience,...
12/05/2024Armenian taxi drivers issued 22.66 million receipts worth 27.4 billion drams
... the taxi services sector came into effect on September 1, 2024. According to these regulations, passenger transportation by taxi cars in the Republic of Armenia must be conducted through mandatory connection to the State Revenue Committee's electronic system. ($1 - 403.03 drams)
12/05/2024Public transport for the wealthy, creation of control center, and new buses: Avinyan reveals plans for 2025
...," he explained. The mayor also thinks that public transport in Yerevan should be developed to the point where even wealthy residents of the capital would want to use it. "Our main task is to consistently develop public transport and make such changes to our culture that even wealthy people will want to use it. I am confident that in 4-5 years, the quality of public transport in Yerevan will be very high – with dedicated lanes, electric buses, and a unified ticket system," he said in an interview with Armenian Public Television. At the same time, Avinyan added that, just this year, the City Hall allocated 8.5 billion drams to subsidize “Yerevan Bus” CJSC, and this amount is expected to grow. ($1 = 399....
12/04/2024Yerevan City Hall fires 18 bus drivers involved in the strike
... validator on the bus is not working or freezes," he noted. According to him, the city authorities kept their promise to review salaries. “We were promised a salary increase—specifically, Avinyan mentioned this when we would switch to the card system. He said our salary would increase by 150,000 drams. We agreed, but a month has passed and nothing has changed,” said a participant in the protest.
12/03/2024Yerevan faces public transport collapse: City Hall reveals reason for drivers' strike
... including those rushing to work, stranded, the mayor's press secretary, Hayk Kostanyan, announced on his Facebook page. "As you know, over the past month, we have consistently informed the public that with the introduction of the unified ticket system, ‘’shadow’’ turnover' has been significantly reduced, and this process will continue," Kostanyan wrote. According to him, the work-related issues raised by the drivers were regularly addressed. They were informed that working conditions ...
12/03/2024Foreign Minister Mirzoyan explains the importance of Armenia's membership in International Criminal Court
... Mirzoyan emphasized the commitment of Armenia to actively engage in international efforts aimed at upholding international legal norms and ensuring the rule of law. The interlocutors also exchanged views on challenges facing the international justice system, highlighting the importance of strengthening the role of independent judicial mechanisms to adequately respond to global crises and contribute to the promotion of peace. Minister Mirzoyan emphasized the importance of collaborative efforts in overcoming ...
12/03/2024Net 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 ...
12/02/2024Russia is ready for frank and substantive conversation with Yerevan - Deputy Foreign Minister
... Federation sincerely cherishes the relations with Armenia and its people. 'We always try to treat the Russian-Armenian alliance very carefully. The ties between our countries are based on centuries-old traditions of friendship, common history, cultures and system of value coordinates, as well as on numerous material commitments and projects,’ Galuzin added. -0-
11/29/2024Ardshinbank Successfully Completes Acquisition of HSBC Armenia
... interests. The Board of the Central Bank of Armenia also granted preliminary consent for Ardshinbank to acquire a significant participation in HSBC Armenia. Thus, the transaction was officially completed following the successful migration and integration of systems and databases. To integrate HSBC Armenia into the Ardshinbank group, a strategy focused on ensuring a transition with minimal changes was adopted, prioritizing customer convenience above all. After the transition, HSBC Armenia customers will continue to be served at the same branches by the same staff. Guidelines for activating the rebranded bank cards have already been provided ...
11/29/2024Profitability of Armenian pension funds reached 7.8% - Central Bank of Armenia
... Head of the Securities Market Department of the Central Bank of Armenia, said in an interview with Public Television of Armenia. He explained that this figure represents the average over the past 10 years, since the establishment of the current pension system in Armenia. ‘’This is a very good indicator, considering the so-called 'risk profile' within which they operate, as well as its distribution and diversification," said Shahnazaryan, emphasizing that it is incorrect to compare this with ...
11/28/2024Yerevan Municipality reduces QR code ticket validity to 7 days
... November 26. /ARKA/. Yerevan Municipality announced the reduction of the validity period for QR code tickets on public transport to 7 days. The city administration explains this decision as an effort to "ensure the smooth operation of the ticket system." Currently, QR codes are valid for 30 days and can be generated through the TelCell Wallet app, printed from an orange TelCell terminal, or purchased as paper tickets in the metro. The mayor's office also announces that the option to pay ...
11/26/2024Greece may hand over Russian air defense systems to Armenia – Enikos
Greece is preparing to transfer the S-300 and two other Russian-made air defense systems, previously used by the country, to Armenia. In exchange, Greece plans to replace them with Israeli-made systems, Russian TASS reports, citing the Greek portal Enikos. YEREVAN, November 26. /ARKA/. Greece is preparing to transfer the S-300 ...
11/26/2024Armenian Foreign Minister will not take part in CSTO meeting
... in Astana, Kazakhstan. The officials are expected to exchange views on the military-political situation in the collective security regions. The results of co-operation within the CSTO and prospects for further development of the collective security system will be discussed. In February 2024, Armenia announced the freezing of its membership in the CSTO and later also refused to pay membership fees to the Russia-dominated organization. On 12 June, Armenian Prime Minister Nikol Pashinyan said that ...
11/25/2024Russia remains committed to its security obligations to Armenia – Ambassador
... remains committed to its obligations to ensure Armenia's security, both bilaterally and within the framework of the CSTO. “We also count on the active participation of our Armenian partners in joint efforts to develop an equal and indivisible security system on the Eurasian continent, an idea first proposed by Russian President Vladimir Putin on June 14 of this year during a meeting with the leadership of the Russian Ministry of Foreign Affairs, and reiterated at the recent BRICS summit in Kazan,” ...
11/25/2024Pashinyan: Resignations in Armenia are systemic, not personal
... events occurred, there are certain issues that have been raised since 2018, both before and after. There is a need for more effective addressing of these issues,’’ Pashinyan said. In his opinion, all the colleagues who left their positions made systemic changes in their respective areas. "The Ministry of Internal Affairs and the Police today are not the same as they were in 2020, when Vahe Ghazaryan was appointed Chief of Police and later head of the Ministry of Internal Affairs. The same can be ...
11/22/2024Expert mathematically disproves threefold increase in Yerevan public transport fares
... therefore less petrol will be used. We will see that with the new transport network, the operation of buses even at a cost of $360 thousand can not have a significant impact on the rise in transport prices’, - said the expert. About unified ticket system Now in Yerevan, one trip in bus and metro costs 100 drams, in trolleybus - 50 drams. According to the city hall’s project, from January 1, 2025, travel tickets will cost - daily package - 880 (900) drams - weekly package - 4,800 (5,000) drams ...
11/22/2024Armenia to grant Iranian company 2 billion dram loan for high-voltage power line completion
... power transmission line will be the third between Armenia and Iran. Its operation will increase electricity transmission between the two countries from the current 350 MW to 1200 MW, enhancing the security, reliability, and stability of Armenia's energy system, among other benefits. The project is set to be completed by December 31, 2034. On the Armenian side, it involves the state-owned JSC ‘’High Voltage Electric Networks.’’ -0-
11/22/2024''Energy Efficient Regions'' program implemented in Armenia with $1.7 million EFSD grant
... Armenia in 2005. The Fund’s goal is to promote the development of the renewable energy and energy efficiency sector, stimulate market growth, attract investments, and develop mechanisms to enhance energy security and the reliability of the energy system. It also organizes and implements credit, grant, and other programs on behalf of the state that contribute to the sector's development. About the EFSD The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial mechanism ...
11/21/2024Yerevan approves fare discounts on public transport
... benefits and assistance from the state (20% discount), heroes of the former USSR, Socialist Labor Heroes, national heroes of Armenia, holders of the Order of Glory (free), parents from large families with 4 or more children (free). About unified ticket system Now in Yerevan, one trip in bus and metro costs 100 drams, in trolleybus - 50 drams. According to the city hall’s project, from January 1, 2025, travel tickets will cost - daily package - 880 (900) drams - weekly package - 4,800 (5,000) drams ...
11/19/2024Yerevan city hall sees no issues for launching unified ticket system from next January 1
Yerevan Vice Mayor Suren Grigoryan sees no reason to consider that the unified ticket system will not be ready by January 1, 2025. YEREVAN, November 19. /ARKA/. Yerevan Vice Mayor Suren Grigoryan sees no reason to consider that the unified ticket system will not be ready by January 1, 2025. "I don't see any reason for this. ...
11/19/2024One third of bus passengers in Yerevan have paid their fares using unified ticket system
As many as 808,300 or 36.6% of the 2.2 million bus passengers in Yerevan used the unified ticket system from 8 to 14 November, Director of Yerevan Bus Company Beglar Kirakosyan said on Monday. YEREVAN, 18 November. /ARKA/. As many as 808,300 or 36.6% of the 2.2 million bus passengers in Yerevan used the unified ticket system from 8 to 14 November,...
11/18/2024Gnel Sanosyan resigns as Minister of Territorial Administration and Infrastructure
... Sanosyan has left the position of Minister of Territorial Administration and Infrastructure of Armenia. YEREVAN, November 18. /ARKA/. Gnel Sanosyan has left the position of Minister of Territorial Administration and Infrastructure of Armenia. "The system of territorial administration and infrastructure is very complex, and the volume of work is immense. Over the past three years, I have worked under intense pressure for the benefit of our state and people. I leave behind a tremendous amount of ...
11/18/2024Chairman of Armenia's Investigative Committee Argishti Kyaramyan resigns
... time has come to announce my decision to resign from the position of Chairman of the Investigative Committee of Armenia. This decision stems from an internal reassessment related to the situation surrounding the activities of the entire law enforcement system in recent times," reads a statement by Kyaramyan, posted on the Investigative Committee's Facebook page. Argishti Kyaramyan was appointed Chairman of the Investigative Committee of Armenia on July 12, 2021. Earlier on Monday, Minister of Internal ...
11/18/2024Council of Elders to consider proposals on preferential transport fares in Yerevan
... 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 On 1 January 2025, a new unified ticket system for public transport will start operating in Yerevan. The following fares will be introduced. - daily package - 880 (900) drams - weekly package - 4,800 (5,000) drams - monthly package - 8,800 (9,000) drams - 90-day package - 23 600 (24 000) drams ...
11/15/2024Armenia to launch new unified emergency number
... from one point, with faster service," said Minister of Internal Affairs Vahe Ghazaryan. Accordin to the minister, a unified educational complex for the Ministry of Internal Affairs will be established. "A single entry channel into the police system will be introduced, and continuous training for staff will be guaranteed," he added, noting that these measures are planned for implementation in 2026. -0-
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