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Accor Group Partners with Technotun to Bring Pullman to Armenia for the First Time
... Car policy, landscaped open spaces, bike lanes, and electric vehicle charging stations, all promoting sustainability and healthier lifestyles. These elements highlight Pullman’s commitment to conscious hospitality while fostering a strong sense of community.' This collaboration marks a new chapter in Armenia’s real estate and lifestyle landscape, offering a transformative living experience that seamlessly blends work, life, and leisure. Scheduled to open in 2027, Pullman Residences Yerevan and ...
12/20/2024Unibank named best bank for high-net-worth individuals in the CIS
... recognized as the winner in the category "Best Bank for High-Net-Worth Individuals in the CIS Countries”. At the award ceremony, Unibank Chairman of the Management Board, Mesrop Hakobyan, expressed his gratitude to the organizers and the expert community for their high evaluation of the Unibank Privé service. "This prestigious award is an important incentive for the further development of Unibank Privé. We are grateful for the recognition of many years of effort invested in the growth ...
12/19/2024Dalan Technopark and OVIO sign memorandum of co-operation
... with the same ideas and interests,’ Armen Ter-Tachatyan, Director of Dalan Technopark, noted in his speech. ‘The co-operation with Dalan Technopark is an important step and we are confident that it will contribute to the progress of the technology community in Armenia. OVIO is ready to support the organisations operating in Dalan Technopark with its advanced technological solutions, contributing to their sustainable growth and development,’ said OVIO CEO Hayk Faramazyan. OVIO's data centre is ...
12/17/2024Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board
... have Grant represent Converse Bank on the BACEE board," said Andranik Grigoryan, CEO of Converse Bank. "His expertise will be instrumental in furthering BACEE's goals and fostering stronger ties within the Central and Eastern European banking community." Mr. Akopian stated, "I am thrilled to join the BACEE board and contribute to its continued success. I am particularly eager to leverage my expertise in strategic development, focusing on navigating the current complex macroeconomic ...
12/17/2024Yerevan's largest park to be built in northern part
... director of the “Greening and Environmental Protection State” Non-Commercial Organization, on Monday. According to him, last spring, work was already carried out to demolish illegal buildings on part of the land, and these areas were returned to the community. “However, there are still 36 seized plots of land with cottages. A small number of fruit trees also grow on the site, and they will be preserved. The remaining dry ones will be removed,” Begoyan said at a meeting at the mayor's office. ...
12/16/2024Pashinyan appoints Sarik Minasyan as acting mayor of Gyumri
Armenian Prime Minister Nikol Pashinyan announced that he has appointed Sarik Minasyan as the acting head of the Gyumri community. YEREVAN, December 13. /ARKA/. Armenian Prime Minister Nikol Pashinyan announced that he has appointed Sarik Minasyan as the acting head of the Gyumri community. The prime minister shared this information on his Facebook page. "I will ...
12/13/2024Armenian Foreign Minister: International community unable to prevent atrocities and genocides
The international community is unable to prevent atrocities and crimes of genocide against humanity, said Armenian Foreign Minister Ararat Mirzoyan. YEREVAN, December 12. /ARKA/. The international community is unable to prevent atrocities and crimes of genocide against ...
12/12/2024Armenian PM emphasizes commitment to internationally recognized territory
... country. I must say frankly that this approach is very dangerous for Armenia, as rejecting maps from the Soviet era could mean rejecting statehood and independence. We gained our independence on the territory of Soviet Armenia, and the international community recognized us as such," the prime minister said in response to questions from Facebook users. He repeated his point, which he has made numerous times in public speeches, that “if we do not clearly recognize our internationally recognized ...
12/12/2024Five car washes closed in southern Armenia for water drainage violations
... inspections, it was found that two facilities in Kapan (Syunik), owned by local individual entrepreneurs, were discharging dirty water from car washes into the Voghji River. In addition, three more individual entrepreneurs who own car washes in the Areni community (Vayots Dzor) did not have permission for wastewater drainage.
12/10/2024Some 460 elevators replaced in Yerevan buildings - City Hall
... apartment buildings, 460 new elevators have already been installed in 2024, out of the 500 scheduled for replacement this year, according to the press service of the city's mayor's office. It is noted that 4.6 billion drams have been allocated from the community budget for the implementation of this program. The city hall noted that over the past few years, 2,000 elevators have already been replaced with new ones, adapted for use by people with vision, hearing, and musculoskeletal disabilities. ($1 ...
12/10/2024Construction volume in Armenia up 15.5% to 484.5 billion drams in 10 months
... October of last year. The volume of construction funded by the state budget for the first 10 months amounted to 109,375.4 million drams, or 22.5% of the total construction volume, reflecting a 19.5% increase. The volume of construction work financed by community funds amounted to 22,353.1 million drams (4.6% share, decline of 11.8%), by humanitarian aid funds – 3,745.2 million drams (0.8% share, decline of 5.4%), by organizations' funds – 236,735.5 million drams (48.9% share, growth of 3.9%), and ...
12/09/2024Converse Bank has become an official signatory of the UN Principles for Responsible Banking
... and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet. These banks also join the world’s largest global banking community focused on sustainable finance, sharing best-practice and working together on practical guidance and pioneering tools of benefit to the entire industry. This is a journey of unprecedented scale and scope at a time when such ambition is urgently ...
12/09/2024EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia
... Black Sea Trade and Development Bank (BSTDB), the International Bank for Economic Co-operation (IBEC), the International Investment Bank (IIB) and the International Finance Corporation (IFC). The NSF Database offers Eurasian governments and the expert community a comprehensive overview of non-sovereign investments from international financial institutions in the region. Evgeny Vinokurov, EDB Chief Economist, emphasised the database’s significance for the region: “Using the database is very intuitive....
12/06/2024Hayastan Fund's annual telethon raises $13.6 million in donations
... ‘For You, Armenia’ was held on 28 November. The raised funds will be used to finance a set of strategic projects in 2023-2025 such as reconstruction and construction of drinking and irrigation water systems in border communities, construction of community health centres, placement of solar stations in schools, kindergartens and community centres in border communities, solar water heaters in homes of socially disadvantaged families in border communities, development of business skills of displaced ...
11/29/2024Ardshinbank Donates 120 Million AMD to Hayastan All-Armenian Fund
... national charity telethon. During this event, Ardshinbank is donating 120 million AMD in support of strengthening and developing our country. The all-Armenian fundraising campaign, held under the slogan “For You, Armenia!” unites the global Armenian community, directing our collective efforts toward the implementation of a number of national-scale projects. Ardshinbank could not miss the opportunity to join this cause. Through its involvement, the bank encourages its partners to join in and support ...
11/28/2024‘’Wings of Tatev’’ cable car in Armenia wins prestigious World Travel Awards for the third time
... project, implemented within the framework of the "Tatev Revival" program launched by Ruben Vardanyan and Veronika Zonabend, is non-profit, with all profits directed towards the restoration of the Tatev Monastery and the development of the local community. The project is managed by Impulse Business Management. The World Travel Awards are considered one of the most prestigious international honors in the travel industry, recognizing outstanding achievements in travel, tourism, and hospitality ...
11/25/2024Ameriabank joins EngageArmenia2024 Forum UAE to present a special offer for Diaspora Armenians
... provide tailored advisory solutions to visitors at the spot to address individual income, needs, and preferences. EngageArmenia2024 is co-organized by Repat Armenia, Ameriabank, and the H. Hovnanian Family Foundation, in collaboration with the Armenian Community Council in the UAE. The reservation is available here . Contact email for additional information: promotion@repatarmenia.org . About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the ...
11/20/2024Justice or sixfold increase of burden: tax changes discussed in the National Assembly of Armenia
... per cent instead of the current 5 per cent. This was indirectly confirmed by the deputy minister, who said that in the worst case scenario, if certain conditions are not met, SMEs will indeed have to pay 33 per cent tax. Representatives of the expert community and business came to a clear conclusion: these changes will only lead to an increase in the cost of services up to 40 per cent, and this burden will fall directly on the shoulders of citizens. -0-
11/20/2024New opportunities for Armenian agenda: Political scientist on Trump's 'Pro-Armenian' appointments
New opportunities are opening up for the Armenian community, Armenian organizations, lobbyists, and the Church in advancing the Armenian agenda. YEREVAN, November 14. /ARKA/. New opportunities are opening up for the Armenian community, Armenian organizations, lobbyists, and the Church in advancing ...
11/14/2024Parliamentary opposition condemns Armenia's ruling party for ‘indifference’ to the fate of prisoners held in Azerbaijan
Opposition factions in the Armenian Parliament lashed out at Prime Minister Pashinyan's ruling Civil Contract party today for skipping a vote on an opposition statement calling on the international community to pressure Azerbaijan, host of the UN COP 29 climate summit, to release Armenian prisoners. YEREVAN, 12 November. /ARKA/. Opposition factions in the Armenian Parliament lashed out at Prime Minister Pashinyan's ruling Civil Contract party ...
11/12/2024Pashinyan identifies the main problem facing small communities
... Monday. According to him, not only will these measures fail to fill this gap, but the gap is also widening at a very rapid pace, which is evident. Pashinyan added that this issue must be discussed with representatives of national minorities. The community consolidation program was launched in Armenia in 2015 to improve governance efficiency and enhance the capacity of local residents. -0-
11/11/2024Pashinyan and Macron discuss economic programs, visa liberalization with EU and Armenian-Azerbaijani settlement
... /ARKA/. Armenian Prime Minister Nikol Pashinyan and French President Emmanuel Macron discussed Thursday Armenia-EU cooperation issues, as well as the dialogue around visa liberalization. The meeting was held on the margins of the European Political Community summit in Budapest, the Armenian government's press service reported. The two men were said to discuss Armenia-France cooperation issues. Pashinyan and Macron stressed the periodic nature of the high-level meetings, which give an opportunity ...
11/08/2024Pashinyan pays working visit to Hungary
... Prime Minister Nikol Pashinyan together with his wife Anna Hakobyan left on a working visit to the Hungarian capital Budapest, the government press service reported. On 7 November, Pashinyan will take part in the fifth summit of the European Political Community. Bilateral meetings with international partners are scheduled in Hungary. About Armenian-Hungarian relations Armenia terminated diplomatic relations with Hungary in 2012 after Budapest extradited to Azerbaijan Ramil Safarov, who was sentenced ...
11/06/2024"Tormak" - a new corner of rural tourism in Lori (VIDEO)
... return every year. Acba Federation is the primary shareholder of Acba Bank, holding over 81% of its shares. Through its partnership with Acba Bank, the Federation contributes to the development of agriculture, small and medium-sized businesses, and community revitalization in rural areas across Armenia. Its efforts focus on improving the business environment and enhancing the well-being of individuals engaged in entrepreneurship in these regions.-0-
11/01/2024Armenia's selection to host COP17 reflects growing trust from the international community, - Armenian MFA
The selection of Armenia as the host country for the UN COP17 Convention on Biodiversity confirms the growing trust of the international community in Armenia as an important player in global environmental processes, according to a statement from the Armenian Foreign Ministry. YEREVAN, November 1. /ARKA/. The selection of Armenia as the host country for the UN COP17 Convention on Biodiversity ...
11/01/2024Pashinyan to attend 5th European Political Community summit in Budapest
Armenian Prime Minister Nikol Pashinyan will attend the fifth summit of the European Political Community in Budapest on 7 November. YEREVAN, October 29. /ARKA/. Armenian Prime Minister Nikol Pashinyan will attend the fifth summit of the European Political Community in Budapest on 7 November. This information was confirmed to Armenpress by Prime ...
10/29/2024Armenia sets up interagency group to coordinate co-operation with EU, including visa liberalization
... year amid the Armenian government's efforts to move closer to the West. The dialogue on visa liberalization also includes such issues as the establishment of a national health insurance system in Armenia and issuance of biometric passports to Armenian citizens. The group will also deal with updating the roadmap of actions envisaged in the agreement between Armenia, the European Union and the European Atomic Energy Community and the member states. The timetables-plans for the implementation of the above-mentioned objectives are to be submitted to Deputy Prime Minister Grigoryan within two weeks. The Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA) ...
10/28/2024Pashinyan dodges question about pressure on Baku ahead of COP29 for return of Armenian captives
Armenian Prime Minister Nikol Pashinyan said in Parliament today that the COP29 climate conference in Azerbaijan's capital Baku is a good occasion to draw attention of the international community to the current problems in the region and the Armenian-Azerbaijani peace process. YEREVAN, 23 October. /ARKA/. Armenian Prime Minister Nikol Pashinyan said in Parliament today that the COP29 climate conference in Azerbaijan's capital Baku ...
10/23/2024Venture capital: the most exciting investments
... transactions take place online - there is no need to pay a commission to managers, unlike funds - companies publish reports, so investors can see where their money is being spent. Another way to invest in a startup is to turn to an investor club. This is a community of business angels who look for startups, assess performance and choose the best options. The investor pays a commission, but it is less than in funds. An investor club can organise a syndicate and jointly invest in one start-up. The role of ...
10/22/2024Artsakh NGOs demand that Armenian authorities deny Baku's demand to dissolve OSCE Minsk Group
... OSCE. The Armenian authorities should not agree to these and similar demands of official Baku, as fulfilment of this demand is not only humiliating, but also deprives the Republic of Armenia of vital rights. The same applies to the interests of the citizens of Artsakh,’ Grigoryan said. His position was supported by the chairman of the Revolutionary Party of Artsakh Artur Osipyan. 'There is a problem of Nagorno-Karabakh, and the international community has not closed this issue. Even all UN members have stated that the status issue should be resolved. This is the task of all Armenians,’ Osipyan told reporters.-0-
10/21/2024Ameriabank presents MyBusiness.am online platform at Real Business Conference
... YEREVAN, 19 October. /ARKA/. Within the framework of Real Business Conference being held in Yerevan on 18-19 October, Ameriabank presented MyBusiness.am online platform created for business clients. 'This is another opportunity to meet with the business community, with our business partners, and also an opportunity to present our business platform that they will be interested in. This is MyBusiness.am platform, where they can learn about the very useful services designed for them and, why not, also ...
10/19/2024Armenian women earn around 30 percent less than men for the same work, according to the World Bank’s new assessment
... contrast to 65% for women). Men are also affected by higher mortality. Despite potential economic gains from women’s participation in decision-making roles, women are still underrepresented, including in roles such as ministers, deputy ministers, and community heads. While women currently make up 35.5% of the National Assembly, still only 17% among ministers and 18% of deputy ministers are women. Considering the higher educational achievements of women, labor market trends for women are likely influenced ...
10/16/2024Acba Bank presented its AI achievements at AI Conf conference (VIDEO)
... processed automatically. We have automated many processes and now perform them in a shorter period of time, for example, assessing a person's creditworthiness,” Movsisyan said. “We cannot but be close to such an event, which essentially unites the AI community of Armenia, people who in one format or another are involved in the application and development of artificial intelligence tools. We attach importance to uniting this community both in terms of sharing ideas and raising awareness. This may inspire ...
10/14/2024The full batch of 171 new buses and 15 trolleybuses will be in Yerevan within two weeks - Mayor
Within two weeks, the entire batch of 171 new 8.5-meter buses and 15 trolleybuses purchased in 2024 with community funds will be in Yerevan, the capital's mayor Tigran Avinyan told journalists. YEREVAN, October 14. /ARKA/. Within two weeks, the entire batch of 171 new 8.5-meter buses and 15 trolleybuses purchased in 2024 with community funds will ...
10/14/2024Tatoyan speaks about environmental crimes of Azerbaijan in the occupied lands of Armenia
... Arman Tatoyan. “These facts need to be presented as widely as possible on global platforms and show the real intentions of Azerbaijan,” Tatoyan wrote on his Facebook page. He spoke about the situation in the village of Nerqin Hand in the Kapan community in southern Armenia, which is surrounded on three sides by 25 illegal Azerbaijani military positions, noting that in this area 2,700 hectares of Armenian territory have been occupied. “We have collected evidence and recorded additional facts ...
10/09/2024Armenia's construction sector grows by 16.2% to 330.7bn drams in 8 months
....7 billion (in current prices), the National Statistical Committee reported. In August 2024 alone, the sector grew by 71.4 billion drams, up 16.5 per cent year-on-year. State-financed construction rose 30.6% YoY to AMD 73.2bn, or 22.1% of the total. Community-financed construction decreased by almost 19% to over AMD 12.5bn. Construction financed by humanitarian aid fell by 28.4% to AMD 2.2 billion. Construction financed by corporations totalled over AMD 160.4 billion (48.5% of the total, down 0.8% ...
10/08/2024Pashinyan and Macron strengthen bilateral ties: France's support and Armenia's steps towards peace
... also made to the social problems of people forcibly displaced from Nagorno-Karabakh, and the Armenian Government's housing provision program. In this regard, Nikol Pashinyan and Emmanuel Macron emphasized the consistent support of the international community in addressing and solving the existing problems. The Prime Minister of Armenia and the President of France also discussed issues related to Armenia-EU cooperation. Nikol Pashinyan noted that he expects the continued support of friendly France ...
10/03/2024Armenia to deal with the issue of employment and housing of Artsakh refugees
... Artsakh r/Тфпщктщ-Лфкфифлр% efugees forcibly displaced by the Azerbaijani aggression in September 2023 at the Warsaw Security Forum. Speaking at a panel discussion within the forum, Mirzoyan praised the assistance of the international community a year ago during the reception of Artsakh refugees and meeting their primary needs. ‘Now, in the next stage, we have to think about short-term and long-term plans to meet these needs. There is a problem of providing them with housing, jobs ...
10/02/2024Armenian parliament speaker calls Azerbaijan's accusations regarding territorial claims in the Armenian Constitution unfounded
... the reaction of official Baku regarding the platform where the peace treaty could be concluded, how, where they propose to discuss it. Various international partners propose such platforms. This is also a kind of message about what the international community is waiting for. I want to understand whether it is necessary for international partners who will visit Baku to attend the COP29 to talk about this treaty, about Armenian prisoners of war held in Azerbaijan, about the territorial claims of the ...
10/01/2024Novosti-Armenia news agency recognized the best at the first Armenia Digital Awards in three nominations
.... This is incredibly motivating in terms of personal growth. It means we are acting in the right direction and it's a win for our whole team. We wish that the goals set by the organizers will be implemented and will find support from the Internet community,” said Davidyan. About Armenia Digital Award The award ceremony was held for the first time in Yerevan on September 27. Armenia Digital Award was created to recognize the successes of Armenian companies and specialists in the process of digitalization....
09/30/2024First Digital & E-commerce EVN Conference 2024 is being held in Yerevan
... E-commerce EVN Conference 2024 is being held in Yerevan on Friday. YEREVAN, September 27/ARKA/. The first Digital & E-commerce EVN Conference 2024 is being held in Yerevan on Friday. "We decided to organize such a conference in order to develop the community and the Armenian market. The digital market definitely has room to grow. And there is an opportunity to step over several steps. We want more information so that the community can share interesting life hacks and cases with each other. This ...
09/27/2024Armenia represented for the first time at the Future Green City global conference in Utrecht
... public's demands for green spaces in the city. It looks at what kind of parks residents want to see, what amenities and business units can meet the needs of different segments of society. This film, created by Green Rock, consists of interviews with community activist groups. Green Rock's presentation was attended by leading industry experts: urban planners, architects and government officials from the Netherlands, UK, Philippines and USA. After watching the film, the participants asked the speakers ...
09/26/2024Wings of Tatev cable car in Armenia nominated for the third time for World Travel Awards 2024
... project, which is being implemented as part of the Tatev Revival Programme launched by Ruben Vardanyan and Veronika Zonabend, is a non-profit project, with all profits going towards the restoration of the Tatev Monastery and the development of the local community. The project is managed by Impulse Business Management. The World Travel Awards are often referred to as the ‘Oscars of tourism’. It was established in 1993 and rewards outstanding achievements in the travel and hospitality industry, and ...
09/25/2024Armenia and Cyprus intend to deepen cooperation in defense and security
... visit of the Minister of Defense of Cyprus to Yerevan is the best proof of the high level of military-political relations between two countries,” Papikyan said at a briefing with Vasilis Palmas. According to him, the sincere friendship and cultural community of the Armenian and Cypriot peoples, conditioned by religious, cultural and friendly ties, have a centuries-old history. "Therefore, Cyprus and Armenia are not only good friends, but also natural allies. This visit is one of the important ...
09/25/2024Yerevan's unified public transport ticketing system to be fully operational from January 1, 2025 (VIDEO)
... Yerevan. Old and worn-out buses will be removed from the route, some private routes will be transferred to the management of the community," the mayor's office reports. About the unified system Currently in Yerevan one trip on a bus or metro costs ... ...,000-90,000 AMD for 365 days - Multiple-use ticket - 2100-2200 AMD for 10 trips per month. When purchasing any tariff package, citizens will be able to use all types of public transport. ($1 - 387.36 AMD). -0-
09/25/2024U.S. presidential candidate Kamala Harris voices support for Armenia and the right of Artsakh residents to return to their homeland
... million Armenians were deported, murdered and sent to their deaths,” Harris reminded in her message quoted by US media. This is a tragedy that continues to shape the identity of the Armenian people, she said. The resilience of the Armenian American community remains an inspiration in our collective American history. “I remain committed to a lasting peace between Armenia and its neighbors that respects sovereignty, independence, and territorial integrity. The right of Armenians displaced from Nagorno-Karabakh ...
09/25/2024All old elevators in Yerevan must be replaced within 4 years – Tigran Avinyan
... stage. In addition, another 120 elevators are in the process of being unloaded from the manufacturing plant for subsequent shipment to Yerevan," informed Karoyan. As Avinyan noted, the program to upgrade 500 elevators is being implemented with community funds allocated thanks to the increase in its own revenues in 2024. According to him, another 2,150 old elevators are awaiting replacement. -0-
09/23/2024Armenian Foreign Ministry issues statement on the occasion of one year of deportation of Artsakh Armenians
... within a few days, the Armenian Foreign Ministry says in a statement issued today. ‘’This displacement, which was the last stage of the ethnic cleansing policy, took place during the session of the UN General Assembly, when the entire international community had once again gathered to discuss the imperative of peaceful settlement of the conflicts, establishment of stability, and development, condemning the use of force, violation of international norms and human rights in different parts of the ...
09/19/2024Peace treaty will establish a fair and sustainable peace with respect for the sovereignty and territorial integrity of Armenia and Azerbaijan – Sejourne
... Sejourne said on Monday at a joint press conference with Armenian Foreign Minister Ararat Mirzoyan. He stressed that the South Caucasus should become a region of peace and cooperation. “Armenia wants peace, France wants peace, the international community wants peace, and since Azerbaijan will soon host the UN COP29 climate summit, it must show that it too sincerely wants to achieve peace,” said Sejourne. According to him, France also supports Armenia on European platforms, the EU monitoring ...
09/16/2024French Foreign Minister visited Vedi reservoir, built in Armenia with funds from French Development Agency
... “The partnership between Armenia and France is actively developing in all areas, and here we are witnessing one of its very specific, tangible results,” noted Mirzoyan. Significant positive impacts of the project on the economic development of the community, the attraction of additional water resources and increased efficiency of their management, improved water supply to irrigated lands, as well as on the environment and tourism were noted during the visit. In August of this year, Armenian Prime ...
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