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Zangezur Copper and Molybdenum Combine may offer Armenian government's stake in IPO - Pashinyan
... bringing its total stake in the plant to 21.875 percent. “I think that in the future we should strive to apply such rules so that citizens can obtain the combine’s shares. We have already discussed and decided that the company should develop towards placing ... ... protection and social responsibility, among other things. The ZCMC is located in the Syunik region in the south of Armenia, bordering Iran and Azerbaijan. The plant, which is one of the largest enterprises in Armenia, develops the ore of the Kajaran copper-molybdenum ...
12/20/2024Yerevan hotels recognised as most comfortable in OneTwoTrip rating
... Japan (8.7) and Belgrade, Serbia (8.6). Earlier, the Armenian Tourism Committee reported that about 2.08 million tourists visited the country during the first 11 months of the current year. Most tourists came from Russia (892,200), Georgia (243,100), Iran (163,800), USA (57,100) and India (38,600).
12/19/2024Armenia and Iran discuss expanding cooperation in tourism
Armenian Economy Minister Gevorg Papoyan discussed prospects for cooperation in the tourism sector with a delegation led by Iranian Minister of Cultural Heritage, Tourism, and Handicrafts Seyed Reza Salehi-Amiri on Wednesday, the press service of the Armenian Ministry of Economy reported. YEREVAN, December 18. /ARKA/. Armenian Economy Minister Gevorg Papoyan discussed ...
12/18/2024Smuggling of 25 thousand boxes of cigarettes from Iran stopped in Armenia (VIDEO)
... YEREVAN, 16 September. /ARKA/. Armenia’s State Revenue Committee (SRC) said its officers have uncovered another attempt of smuggling a large consignment of cigarettes. It said a truck with Armenian licence plates, which arrived in Armenia from Iran, underwent X-ray scanning at the Agarak border checkpoint, raising suspicion of transporting goods hidden from customs control. During the customs inspection 25 thousand boxes of cigarettes were found between the bags with cement. This information ...
12/17/2024Dalan Technopark and OVIO sign memorandum of co-operation
... Internet, Smart TV, fixed telephone network and a range of cloud services to private and corporate customers. The company's network is based on fibre optic infrastructure and is located underground, connecting Armenia to the outside world via Georgia and Iran. OVIO has three international links to Russia and Europe, which are physically and geographically separated from each other, guaranteeing reliable and uninterrupted service to the company. OVIO's corporate customers are many large enterprises in ...
12/17/2024Armenia recommended for Christmas getaway by Express
... beauty. It was named one of the top 10 places to visit in the world in 2025 by Lonely Planet”. This landlocked country is situated in the southern Caucasus Mountains (the southeastern region of Europe and Western Asia) and borders Georgia, Azerbaijan, Iran, and Turkey. Armenia offers a variety of impressive sights, from historical monuments to stunning architecture and well-kept gardens, as well as the opportunity to enjoy a glass of exquisite wine at one of its remarkable vineyards. Among the most ...
12/17/2024Armenia and Iran's Isfahan discuss jewelry cooperation
..., the parties discussed potential cooperation in the jewelry sector, including joint production and exporting finished products to international markets. Zakaryan emphasized the ministry's willingness to develop and implement joint programs with the Iranian side.
12/17/2024Crossroads of Peace will expand transport, trade and economic ties between the countries - Armenian Prime Minister
..., which envisages creation and modernisation of a number of transport and communication routes,’ Pashinyan said. The main idea of the project is to launch (renew) and develop transport communication between Armenia, Georgia, Turkey, Azerbaijan and Iran through roads, railways, cables, pipelines and power lines. This is expected to build a short and efficient route between the Caspian Sea and the Mediterranean Sea, as well as a route from the Persian Gulf to the Black Sea. -0-
12/13/2024Rubinyan: Russia leaving South Caucasus on its own
... full range of agreements with Yerevan and does not renounce its obligations to its allies, including in the military-political sphere. He also mentioned the Russian efforts to transform the “3+3” platform (Azerbaijan, Armenia, Georgia, plus Russia, Iran, and Turkey) into a fully-fledged organization for cooperation in the South Caucasus.
12/13/2024Nearly 153K tourists visited Armenia in November, showing slight increase
... of 152,976 tourists visited Armenia in November, according to the Armenian Tourism Committee. In November of last year, 149,919 tourists visited the country. Last month, the highest number of tourist visits came from Russia (43%), Georgia (12%), and Iran (8%). According to official statistics, over 1.92 million tourists visited Armenia in the first 10 months of 2024, which is a 5.8% decrease compared to the same period last year. The largest number of tourists came from Russia (43%), Georgia (11%),...
12/11/2024Armenia's foreign trade for 10 months totalled $26.2bn, growth continues to slow down
... Germany ($403.1m, down 25.8%), Italy ($351.7m, up 1.4%), Belgium ($147.7m, up 11.2%), the Netherlands ($147.1m, down 47.7%) and France ($129.7m, down 2.1%). Trade turnover with the UAE was $4. 9bn, up 5.6 times, with China -$2. 3bn, 35.5% growth, with Iran -$593.1m, 4.7% growth, with USA -$356.7m, 40.1% decrease, with Georgia -$273.8m, 27% growth, with Iraq -$189.4m, 26.2% growth. Armenian exports rose 95.1% to $11.5bn, with exports to Russia totalling over $2.6bn, down 13.6%. The volume of exports ...
12/06/2024Armenian Parliament approves $200 million loan agreement with EFSD for Kajaran tunnel construction
... serviced in US dollars with an interest rate of 4%. The repayment term is 20 years, including a 5-year grace period. The 8.6 km Kajaran tunnel will be a key component of the North-South transport corridor, linking Armenia's borders with neighboring Iran and Georgia. The tunnel will reduce travel time for this section of the corridor by 50% and increase the average speed from 50 km/h to 80 km/h. The construction is expected to take approximately 6 years. About EFSD Projects in Armenia The Eurasian ...
12/04/2024EEC Board grants tariff concession for butter imports to Armenia
... Slepnev. He emphasised that this decision will allow to ensure a balance of supply and demand in the short term without affecting the production of other dairy products, given the limited resource base. Import supplies can be made, in particular, from Iran and India. The tariff concession will be granted subject to confirmation issued by an authorised body of the Republic of Armenia or the Russian Federation. The decision will come into force after 10 days from the date of its official publication....
12/02/2024Tourist arrivals in Armenia may reach 2 million by end of 2024
... are already available. "If I'm not mistaken, there are three flights a day between Armenia and the UAE. We expect that citizens of this country will also arrive in Armenia on these flights," Gevorgyan noted. According to the latest official ... ... 2024, a 5.8% decrease compared to the same period last year. The majority of tourists came from Russia (43%), Georgia (11%), Iran (7%), as well as the United States (3%) and India (2%).
11/29/2024Armenia to develop medical and health tourism - head of Tourism Committee
...,’’ she said. According to the latest official data, over 1.92 million tourists visited Armenia in the first 10 months of 2024, a 5.8% decrease compared to the same period last year. The majority of tourists came from Russia (43%), Georgia (11%), Iran (7%), as well as the United States (3%) and India (2%).-0-
11/28/2024Armenia extends cement import restrictions for six months
... noted in the rationale for the decision, cement imports continued to grow in January-July 2024, reaching 305.1 thousand tons. This is 3.6 times higher than in the same period last year. "This growth is attributed to the reduction in the price of Iranian cement due to state support provided to producers by the government of the Islamic Republic of Iran. As a result, the competitiveness of Armenian-made cement has further decreased, which, in turn, has worsened the financial situation of producers,...
11/28/2024Russia waits for response: Zakharova on delay in opening of Russian consulate in southern Armenia
... for an answer,’ Zakharova said, when asked about the reasons for the delay in opening the consulate in southern Armenia. In October 2023, Armenia agreed to opening a Russian consulate in Kapan (the administrative centre of Syunik province bordering Iran and Azerbaijan). Subsequently, in November, the Prime Minister of the Russian Federation signed an order exchanging notes with the Armenian government on this issue. Russia has a consulate in Gyumri (the administrative centre of Shirak province, ...
11/27/2024Numbeo ranks Armenia among the top 10 safest countries in the world
... the world, according to the 2024 Numbeo Safety Index. Armenia ranked 8th (77.6 points). Last year, the country was in 7th place. Georgia ranks 20th (73.9 points), Azerbaijan 33rd (68.4 points), Russia 51st (60.9 points), Turkey 53rd (59.1 points), and Iran 90th (50.5 points). A total of 146 countries are included in the ranking, with only those having a population of over 1 million people. Andorra tops the list (87.1 points), followed by the UAE (84.4 points), Qatar (84.0), Taiwan (83.3 points), Oman ...
11/27/2024Open borders and better logistics could positively affect Armenia’s trade prospects– EBRD Managing Director
... ARKA news agency. According to her, as a small and landlocked market Armenia has been additionally disadvantaged by geopolitical challenges. ‘’The borders with two of its neighbours are closed, and international sanctions on the third neighbour, Iran, limits trade in that direction. Since February 2022, economic sanctions on Russia introduced by many developed economies put the trade with Armenia’s biggest export market on a risky ground. Therefore, there are great opportunities in the case ...
11/27/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... Armenia and Azerbaijan? Elisabetta Falcetti As a small and landlocked market Armenia has been additionally disadvantaged by geopolitical challenges. The borders with two of its neighbours are closed, and international sanctions on the third neighbour, Iran, limits trade in that direction. Since February 2022, economic sanctions on Russia introduced by many developed economies put the trade with Armenia’s biggest export market on a risky ground. Therefore, there are great opportunities in the case ...
11/26/2024Moscow finds BRICS platform attractive for Armenia
... need time to closely examine the activities of this intergovernmental club,” Kopyrkin said in an interview with ‘’Izvestia’’. According to him, the presence of Armenia’s key partners in the BRICS family – besides Russia, these include Iran, India, China, and the UAE – undoubtedly enhances the attractiveness of this platform for Yerevan. "Azerbaijan and Turkey have also expressed their intention to join it. This allows us to say that the entire South Caucasus feels the pull of ...
11/25/2024Armenia sees 20.1% drop in Russian tourists - Ministry of Economy
... According to official statistics, the largest number of tourists arrived in Armenia from Russia (740,890 people, or 43% of the total, a 20.1% decline compared to January-September of last year), Georgia (199,145 people, or 11.6%, a 7.1% increase), and Iran (136,496 people, or 7.9%, a 17.8% increase). At the same time, the number of tourists from China increased by 69.8% over the 9 months (24,444 people), from India by 53.6% (33,233 people), and from the Philippines by 40.4% (16,695 people). -0-
11/22/2024Armenia to grant Iranian company 2 billion dram loan for high-voltage power line completion
The Armenian government will issue a budget loan of 2.07 billion drams to the Iranian company ‘’Sunir’’, which is constructing a 400 kV power transmission line. YEREVAN, November 22. /ARKA/. The Armenian government will issue a budget loan of 2.07 billion drams to the Iranian company ‘’Sunir’’, which is constructing ...
11/22/2024Armenian State Revenue Committee foils smuggling of $550,000 worth shipment of cocaine from Brazil
... particularly large mass of drugs exceeds 550,000 USD. J.M. was arrested and handed over to the anti-smuggling department. In order to identify possible recipients of drugs in Armenia, operational and investigative measures were carried out. As a result, two citizens of the Islamic Republic of Iran were detained in a hotel in Yerevan. They were also handed over to the anti-smuggling department. The Main Department for Investigation of Economic Crimes and Smuggling of the Investigative Committee initiated a criminal case on charges of drug smuggling ...
11/21/2024EBRD supports reconstruction and modernisation of Armenia's customs and logistics facilities
... equipment in the town of Sisian in the southern province of Syunik at estimated to cost about 12 million Euros and in Yerevan at a total cost of about 45 million Euros, as well as the reconstruction project of Meghri (Agarak) checkpoint on border with Iran as well as modernization of SRC's infrastructure at a total cost of about 23.5 million Euros. The parties expressed readiness to continue the lasting and effective co-operation established between the SRC and the EBRD. EBRD is the leading institutional ...
11/14/2024New opportunities for Armenian agenda: Political scientist on Trump's 'Pro-Armenian' appointments
... support for a tough policy towards Turkey and Azerbaijan," Sargsyan wrote. He noted that the candidate for the position of National Security Advisor is Congressman Michael Waltz, who has repeatedly voiced support for a tough policy towards Turkey and Iran. "Elon Musk and pro-Armenian Vivek Ramaswamy will head the new U.S. Department of Government Effectiveness (DOGE). National Intelligence will be led by Tulsi Gabbard, one of the most pro-Armenian figures. In fact, she will oversee and coordinate ...
11/14/2024Over 1.92 million tourists visited Armenia in 2024
... 926.4 thousand tourist visits, according to the Armenian Tourism Committee. This figure is 5.8% lower than in the same period last year, with about 2 million 45 thousand tourist visits. Most tourists came to Armenia from Russia (43%), Georgia (11%), Iran (7%), as well as from the USA (3%) and India (2%). It is noted that, in October of this year, 203.81 thousand tourists visited Armenia, compared to nearly 195.4 thousand in October 2023 (a 4.3% increase). -0-
11/14/2024Armenian goods center to open in Iran
YEREVAN, November 14. /ARKA/. As part of his working visit to Iran, Deputy Minister of Economy of the Armenian Republic Narek Hovakimyan met with Mohammad Ali Dehghan Dehnavi, Deputy Minister of the Iranian Ministry of Trade, Industry, and Mines, and Head of the Trade Development Organization. YEREVAN, November ...
11/14/2024Under pressure from the West, Yerevan froze its participation in trilateral working group - Zakharova
... copied our proposals, but at the same time distorted their essence, hoping to crush the peace process for themselves, while the true goal is obvious. They want to take control of the region, get into it, squeeze Russia out of it, at the same time squeeze Iran and Turkey, create another hotbed of tension," Zakharova claimed. She said she is sure that the US and the EU "do not give a damn" about the fate of the South Caucasus and its people. "Unlike the Westerners, we are interested ...
11/13/2024Gas supply to Armenia halted after Georgia accident
... suspended,” the statement said. It is also noted that, during this period, uninterrupted and reliable gas supply to the country's consumers will continue without restrictions, thanks to internal reserves and additional volumes of natural gas from Iran. The monopoly supplier of natural gas from Russia to Armenia for domestic consumption is ‘’Gazprom-Armenia’’ CJSC, a wholly owned subsidiary of the Russian holding Gazprom. Gas is delivered through Georgia, with the price at the border set ...
11/13/2024Attempt to smuggle 14.5 thousand packs of cigarettes from Iran to Armenia foiled (VIDEO)
... country, the State Revenue Committee reports. The Agarak customs point’s officers found 29 boxes of undeclared cigarettes VAN, Marlboro Nano, Marlboro, LAMER, and Wisdom brands. The cigarettes belonged to citizen A.A., who attempted to import them from Iran. A protocol was drawn up on attempted illegal import. --0--
11/08/2024Armenia to take a $200 million loan from EFSD for construction of Kajaran tunnel
... budgetary issues approved today the ratification of a $200 million loan agreement between Armenia and the Eurasian Fund for Stabilization and Development (EFSD) by the parliament for building the Kajaran tunnel near the border with Iran. YEREVAN, November 6. /ARKA/. The parliamentary standing committee on financial and budgetary issues approved today the ratification of a $200 million loan agreement between Armenia and the Eurasian Fund for Stabilization and Development (EFSD) ...
11/06/2024Number of tourists visiting Armenia over 9 months decreased by 6.2% to 1.7 million
... group was aged 16-17 years (25,839 people). The largest number of tourists came from Russia (740,890 people, or 43% of the total, a decline of 20.1% compared to January-September last year), Georgia (199,145 people, or 11.6%, an increase of 7.1%), and Iran (136,496 people, or 7.9%, an increase of 17.8%). Armenia was also visited by citizens from the United States (48,257 people), India (33,233), China (24,444), Germany (22,519), France (24,243), Ukraine (21,427), the Philippines (16,695), Belarus (12,681), Italy (12,350), the Republic of Korea (11,790), the Netherlands (11,749),...
11/06/2024Armenia's foreign trade turnover slows to $23.7 billion in 9 months; major trade partners are Russia, UAE, and China
..., the Netherlands ($123.6 million, a decline of 53.8%), and France ($113.5 million, a decline of 3.5%). Among other countries, the largest trade turnover were the UAE ($4.6 billion, a 6.3-fold increase), China (over $2 billion, a 34.7% increase), Iran ($520.6 million, a 2.7% increase), and the United States ($323.2 million, a 41% decrease). Exports According to statistical data, Armenia's exports for the first nine months of 2024 increased 2.1-fold compared to January-September 2023, totaling ...
11/06/2024Armenia and Iran aim at bringing trade turnover to $3bn.
Armenia and Iran are looking at the possibility of bringing bilateral trade turnover to $3 billion, Ali Beman Ekhbalizarch, head of the Eurasia Studies Department at the Iranian Foreign Ministry's Centre for Political and International Studies, said. ...
11/06/2024No plans for Armenia's accession to BRICS - Minister of Economy
... heads of state took place in Kazan from October 22 to 24. Armenian Prime Minister Nikol Pashinyan also attended. BRICS is an association of nine states: Brazil, Russia, India, the People's Republic of China, South Africa, the United Arab Emirates, Iran, Egypt, and Ethiopia. It was founded in June 2006 during the Saint Petersburg Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India, and China. -0-
11/05/2024Armenia and Azerbaijan may switch to simplified customs and transit procedures in case of border unblocking
... brought about by modern digital tools. This reduces the influence of the human factor and also impacts the speed of border crossing, eliminating queues," Badasyan said. He added that negotiations are underway regarding simplified procedures with Iran. -0-
11/04/2024Armenian foreign ministry condemns actions against Iran as threats to international security
The Armenian Foreign Ministry condemned activities aimed at undermining international security, particularly actions against the Islamic Republic of Iran that occurred last week. YEREVAN, October 28. /ARKA/. The Armenian Foreign Ministry condemned activities aimed at undermining international security, particularly actions against the Islamic Republic of Iran that occurred last week. "We ...
10/28/2024Armenia sees 6.9% decline in tourist arrivals over first nine months of 2024 - Minister
... Hovhannisyan. "In January-September, the number of tourists visiting Armenia dropped by 6.9%, primarily due to a 21.6% decrease in visitors from Russia. However, tourists from other countries increased by approximately 8.4%, driven mainly by visitors from Iran, India, and China," Hovhannisyan stated during budget discussions in parliament. The minister also noted a decline in the number of labor migrants from India based on the information he has. According to the Tourism Committee of the Ministry ...
10/28/2024Iranian market will open for main part of Armenian exports: minister
As part of the Free Trade Agreement between Iran and Eurasian Economic Union (EEU) member states, the Iranian market will open for a substantial portion of Armenian exports, Economy Minister Gevorg Papoyan said today. YEREVAN, 25 October. /ARKA/. As part of the Free Trade ...
10/25/2024State Revenue Committee thwarts smuggling attempt of over 68,000 cigarette boxes from Iran
The State Revenue Committee has thwarted an attempt to smuggle a large shipment of cigarettes from Iran into Armenia, according to the agency's press service. YEREVAN, October 25. /ARKA/. The State Revenue Committee has thwarted an attempt to smuggle a large shipment of cigarettes from Iran into Armenia, according to the agency's press service....
10/25/2024Armenia can ensure and guarantee safe passage of goods, transport and people through its territory - Pashinyan
... ready and interested in organizing the passage of vehicles, goods, passengers, pipelines and cable routes through its territory. "This is the shortest route between the Black Sea and the Persian Gulf through the territory of the Islamic Republic of Iran, the Republic of Armenia and Georgia, this is the "North-South" direction, as well as the shortest route between the Caspian and the Sea of Marmara, through the territory of Azerbaijan, Armenia and Turkey, this is the "East-West" ...
10/24/2024New opportunities open in Armenia-Iran relations after Pezeshkian's election - Voskanyan
Iranian President Massoud Pezeshkian has declared a special level of relations with Armenia almost from the first day of taking office, Vardan Voskanyan, Head of the Department of Iranian Studies at the Yerevan State University, , said. YEREVAN, 21 ...
10/22/2024Armenia expects Iran to play an active role in ''Crossroads of Peace'' project- Ambassador
Armenia anticipates that Iran will actively participate in the implementation of the regional communications project "Crossroads of Peace," proposed by the Armenian government. YEREVAN, October 21. /ARKA/. Armenia anticipates that Iran will actively participate ...
10/21/2024Armenia serves as a natural bridge to the EAEU market for Iran - Armenian ambassador
Due to its geographical location and the opportunities it offers, Armenia serves as a natural bridge to the EAEU market for Iran, stated Armenian Ambassador to Iran Arsen Avakyan. YEREVAN, October 21. /ARKA/. Due to its geographical location and the opportunities it offers, Armenia serves as a natural bridge to the EAEU market for Iran, stated Armenian Ambassador to Iran ...
10/21/2024Armenia and Iran actively cooperate in road construction, transport and energy - Ambassador
Armenia and Iran are actively cooperating in the infrastructure sector, implementing a number of important projects, said Armenian Ambassador to Iran Arsen Avakyan. YEREVAN, October 21. /ARKA/. Armenia and Iran are actively cooperating in the infrastructure ...
10/21/2024Armenia considers presence of extraterritorial corridors in region unacceptable; Iran supports principle of territorial integrity – Armenian ambassador
Armenia considers the existence of any extraterritorial corridor unacceptable, stated Armenian Ambassador to Iran Arsen Avakyan. YEREVAN, October 21. /ARKA/. Armenia considers the existence of any extraterritorial corridor unacceptable, stated Armenian Ambassador to Iran Arsen Avakyan. "We emphasize that any communications must be under the sovereignty ...
10/21/2024Armenia interested in unblocking all communications in the region - Mirzoyan
Armenia attaches great importance to regional consultations and engagements, Armenian Foreign Minister Ararat Mirzoyan said at the 3+3 meeting of foreign ministers of Armenia, Azerbaijan, Iran, Russia and Turkey in Istanbul on Friday. YEREVAN, October 18. /ARKA/. Armenia attaches great importance to regional consultations and engagements, Armenian Foreign Minister Ararat Mirzoyan said at the 3+3 meeting of foreign ministers of Armenia,...
10/18/2024Armenia and Azerbaijan offered to complete work on peace treaty at "3+3" platform - Russian FM
... and Baku use the "3+3" platform to complete work on a peace treaty, Russian Foreign Minister Sergey Lavrov said following a meeting of the "3+3" platform (Azerbaijan, Armenia, Georgia - Russia, Turkey, Iran) on the South Caucasus in Istanbul today, TASS reported. YEREVAN, October 18. /ARKA/. Moscow, Ankara and Tehran suggested that Yerevan and Baku use the "3+3" platform to complete work on a peace treaty, Russian Foreign Minister Sergey ...
10/18/2024Armenia and Turkey to jointly assess technical requirements for border crossing by Gyumri-Kars railway
... Armenia has already finalized the construction and technical equipment of the Margara border checkpoint on the Armenia-Turkey border, Armenian Foreign Minister Ararat Mirzoyan said today at the 3+3 meeting of foreign ministers of Armenia, Azerbaijan, Iran, Russia and Turkey in Istanbul, the Armenian Foreign Ministry reported. YEREVAN, October 18. /ARKA/. Based on the joint assessment of the bridge between Armenia and Turkey, Armenia has already finalized the construction and technical equipment ...
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