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Accor Group Partners with Technotun to Bring Pullman to Armenia for the First Time
... Accor’s New East region. “This project represents an exciting opportunity to introduce Pullman’s blended business and lifestyle concept to a dynamic new market, offering a purpose-driven and sustainable experience that reimagines the way people live, work, and connect.” The partnership between Accor and Technotun began in July with the signing of a Memorandum of Understanding. Now, the two companies are bringing their shared vision to life with a 20,000-square-metre complex, featuring 16,000 square ...
12/20/2024Zangezur 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 ... ... the only component that provided dividends in the amount of 33 billion drams, "since the transparency of the company's work has changed significantly over the past two years." During the government meeting, he also added that next year, in ...
12/20/2024Armenian-Azerbaijani settlement issue remains crucial for Washington - State Department
... response to a question about whether the United States is disappointed that its efforts have not led to the normalization of Armenian-Azerbaijani relations, U.S. State Department spokesman Vedant Patel said that the current administration will continue working on this issue until its final day. YEREVAN, December 20. /ARKA/. In response to a question about whether the United States is disappointed that its efforts have not led to the normalization of Armenian-Azerbaijani relations, U.S. State Department ...
12/20/2024Armenia-Greece and Armenia-Greece-Cyprus defense cooperation programs for 2025 signed in Athens
... Head of the Defense Policy and International Cooperation Department, participated in the consultations. The parties noted significant progress in cooperation, both quantitatively and qualitatively, covering key areas that require long-term, systematic work. The discussions also addressed the introduction of new approaches and standards in the defense sector. Levon Ayvazyan presented the ongoing transformation of the Armenian army to his colleagues, emphasizing the contributions of partners from Greece ...
12/20/2024Pashinyan says there is constructive mood in Armenian-Azerbaijani border delimitation process
... delimitation process should continue, Armenian Prime Minister Nikol Pashinyan said. ‘I think the delimitation commissions will meet soon to discuss in which part of the border we are ready to continue the delimitation. We are set for concrete, constructive work,’ he said in an interview with the Armenpress news agency. Earlier, in late October, Nikol Pashinyan called the process of delimitation and demarcation in a border section in Tavush region near Kirants village bordering Azerbaijan a success. On ...
12/19/2024Dutch rose growing company to invest AMD 7.5bn i in Armenia
... located in the Kotayk region of the country, currently covers an area of 26.5 hectares. The company plans to to build a new greenhouse with the area of 6 hectares. The money will be used to purchase equipment, raw materials and finance the construction work. Currently, the company employs 292 people, by 2026 it is planned to increase the number of jobs to 337.
12/19/2024From superfast internet to intercom systems and security: Fnet Telecom (VIDEO)
... has been re-equipped with the support of its partner Acba Leasing Company, Acba Bank's press service reports. This has allowed citizens to use more qualitative services. The services provided by the company are diverse: from high-speed internet to security ... ... provide even more speed and comfort to regional service engineers,’ said Fnet General Manager Gevorg Yengibaryan. Thanks to hard work, the company has become one of the industry leaders, providing digital services to thousands of subscribers. Acba Leasing's ...
12/19/2024About $14 million invested in modernization of Shirak airport in Armenia
... two boarding gates, with the capacity to service two flights simultaneously, and is equipped with 6 border control cabins. Additionally, there is a 450-square-meter area designated for duty-free shops and cafes. It is noted that, in parallel, repair work was carried out on 700 square meters in the old terminal of the airport, where service organizations will be located. CJSC Armenia - International Airports is the concessionaire manager of two airports — Yerevan's Zvartnots and Gyumri's Shirak ...
12/19/2024Armenian Consulate General in Aleppo to resume work from 19 December - Foreign Ministry
The Armenian Consulate General in the Syrian city of Aleppo will resume its work from December 19, the Armenian Foreign Ministry said on Wednesday. YEREVAN, 18 December. /ARKA/. The Armenian Consulate General in the Syrian city of Aleppo will resume its work from December 19, the Armenian Foreign Ministry said on Wednesday....
12/18/2024Another meeting of Armenian and Azerbaijani commissions on border delimitation may be held soon - Armenian Deputy Prime Minister
... the Armenian and Azerbaijani commissions on border delimitation), but I believe it will take place in the near future,’ he told reporters on Wednesday. Grigoryan explained that at the stages of discussion and approval of the Regulations on the joint work of the Armenian and Azerbaijani commissions on delimitation and demarcation of the state border, an agreement was reached that the sides should hold meetings and continue their work after the document comes into force. Answering the question whether ...
12/18/2024Unibank opens new Dalma branch
... YEREVAN, 18 December. /ARKA/. Unibank has opened a new,Dalma, 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 ...
12/18/2024Eastern Horoscope for 2025: Year of the Snake – A Time for Change
... year, trust your intuition and make bold, ambitious plans. The best strategy will be steady and consistent progress toward your goal. The Snake will have the opportunity to outpace competitors and impress management with innovative ideas and effective work methods. Avoid drawing unnecessary attention to yourself; it is better to work at a comfortable pace and minimize mistakes. Year of the Horse Birth years — 1954, 1966, 1978, 1990, 2002, 2014 For a more effective and productive year, the Horse should ...
12/18/2024Dalan Technopark and OVIO sign memorandum of co-operation
... companies creating IT infrastructure - Dalan Technopark and telecom operator OVIO. ‘An important co-operation has recently been launched between these companies to develop IT infrastructure. The aim of the partnership is to join forces to create better working conditions for the IT sector,’ the technopark's press office said. In developing the techno-sector and making Armenia more attractive for global giants, both the privileges granted by the state and ensuring conditions in the buildings in accordance ...
12/17/2024About 15% of Armenia's labour resources underutilized: employment strategy for 2025-2031 presented
... Labour and Social Affairs. The reason for the latter is the mismatch between demand and supply in the labour market. A significant part of the labour force is uncompetitive and does not have the level of knowledge and professional skills necessary for work that meets the needs of the modern labour market,’ the strategy says. The target group of the strategy is residents of regional towns, young people out of school and unemployed, women aged 30-39, recipients of family and social benefits. Strategic ...
12/16/2024Yerevan's largest park to be built in northern part
... be created on an area of about 30 hectares adjacent to Myasnikyan Avenue and Lvovyan Street, said Armen Begoyan, 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 ...
12/16/2024New Armenian ambassador to France presents credentials to President Macron
... Plenipotentiary to France Armen Khachatryan presented his credentials to President Emmanuel Macron at the Elysee Palace on Friday, the Armenian Embassy in France said in a Facebook post. Macron congratulated Khachatryan on his appointment and wished him fruitful work on strengthening and developing the special relations between the two countries. In his turn, the Ambassador reaffirmed the Armenian government's aspiration to expand and develop relations with friendly France, which have transformed into strategic ...
12/14/2024USAID has invested about $1.3bn in Armenia - Armenia Mission Director
... that since 2018, funding for the Agency's Armenian Mission has increased by 75 per cent. ‘This proves that the U.S. government believes that Armenia is capable of developing into a democratic nation. Regardless of who is in power, we have tried to work with both the authorities and citizens. We seek to establish a dialogue between the authorities and the people of Armenia,’ he said. Speaking about assistance to civil society and media, Allelo said that USAID seeks to bring the voice of the people to the authorities, to establish ...
12/14/2024EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)
... investments in construction and lending. YEREVAN, December 12. /ARKA/. There is no risk of “overheating” in the Armenian economy due to increased investments in construction and lending. This was stated by Alexei Kuznetsov, head of the EDB's analytical work directorate, in an interview with ARKA news agency "Certain conditions must be in place for “overheating” to occur, including excess consumer demand, inflation, and an increase in the debt burden on households. However, there are no such ...
12/12/2024Armenian deputy PM talks visa liberalization with EU migration representative
... Maragos, Head of the EU Delegation to Armenia. Grigoryan emphasized the importance of the initiatives carried out within the framework of the EU visa liberalization dialogue. He highlighted the potential positive changes resulting from visa liberalization,... ... to social protection, healthcare, education, and border management. Earlier, Arsen Ghazaryan, the head of the Migration and Citizenship Service of Armenia (now Deputy Minister of Internal Affairs of Armenia), announced the forthcoming start of consultations ...
12/12/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... and potential investors," said Jrbashyan. He noted that although the Armenian capital market has developed significantly in recent years, the task of informing the public about risks and opportunities remains crucial. This requires comprehensive work with both issuers, potential investors and shareholders. Answering a question from the ARKA news agency about his assessment of the current state of the Armenian capital market, Jrbashyan noted that “interesting developments are being observed”....
12/11/2024Roots Furniture: from idea to big Armenian furniture business (video)
... As a result of co-operation with Acba Leasing we have acquired new technologies, large hoovers for waste recycling, kiln, dryers and solar panels, making production faster, of higher quality and with minimal errors. Acba Leasing has been very easy to work with,’ said Levon Stepanyan, Director of Roots Furniture. Roots Furniture products are currently available in several dozen shops in Armenia. Now the company exports its furniture only to Russia, and in the future it intends to expand the geography ...
12/11/2024Armenia and France sign defence cooperation programme for 2025
... leadership of Levon Ayvazyan, Head of the Department of Defence Policy and International Cooperation, and Alexandre Escorcia,Head of Service Europe, North America & Multilateral Affairs of the French Ministry of Defence. The sides reviewed the results of the work done within the framework of cooperation in 2024 and outlined plans for the next year. They reaffirmed the strategic importance of the active co-operation of the last period and set an even higher bar for the expansion of the partnership. Special ...
12/11/2024Pashinyan appoints Aleksandr Mktaryan as Commissioner for Diaspora Affairs Abroad
... in Foreign Countries. YEREVAN, 10 December. /ARKA/. Armenian Prime Minister Nikol Pashinyan has appointed Aleksandr Mktaryan as Commissioner for Diaspora Affairs in Foreign Countries. Pashinyan signed the relevant decision on Tuesday. Mktaryan will work on a voluntary basis, in the status of a counsellor. -0--
12/10/2024Central Bank head disagrees that MiCA-like regulation of cryptocurrencies could scare away potential investors
... disagreed with the opinion that such regulation will scare away investors. I don't think that both European and our regulation will create any problems for bona fide investors. On the contrary, we believe that bona fide investors will have an opportunity to work through the Armenian banking system, the questions arising in this sphere will get quite simple answers, and people will be able to make investments in crypto-assets,’ Galstyan said. The Central Bank Chairman also said that the draft law on regulation ...
12/10/2024Armenian Foreign Minister says 15 out of 17 articles of draft peace treaty with Azerbaijan agreed upon
... a border between Armenia and Azerbaijan. It is based on the 1991 Alma-Ata Declaration, which was signed by the former Soviet republics and turned their administrative borders into state borders. Of course, the commissions of the two countries should work together on further delimitation and demarcation of their border. The minister called the demarcation of the Armenian-Azerbaijani border a guarantee of future stability. ‘As far as any guarantees are possible these days, having a clearly delimited ...
12/09/2024Armenia's European orientation linked to democratic reforms - Alen Simonyan
... law. Simonyan highly praised the response and actions of the Council of Europe bodies concerning the needs of refugees from Nagorno-Karabakh. “It is crucial to ensure international protection for the displaced population, including under the framework of the Council of Europe convention. The focus is on the issue of the repatriation of Armenian prisoners held in Azerbaijan,” he noted. As the Chairman of the Armenian Parliament stated, Armenia, despite the existing challenges, is making active ...
12/09/2024Armenian Deputy PM: No agreement on date for new border delimitation meeting with Azerbaijan
... and demarcation process in the Tavush region, particularly near the village of Kirants (which borders Azerbaijan), as successful. About the Regulations On August 30 of this year, Yerevan and Baku signed a regulation (set of rules) regarding the joint work of the Armenian and Azerbaijani commissions on the delimitation and demarcation of the state border. After completing internal procedures, on October 24, the President of Armenia signed a law ratifying the regulations. On the same day, the President ...
12/09/2024Construction volume in Armenia up 15.5% to 484.5 billion drams in 10 months
The volume of construction work in Armenia from January to October 2024 totaled 484,545.9 million drams (at current prices), marking a 15.5% increase compared to the same period in 2023, according to the National Statistical Committee of the Republic. YEREVAN, December 9. /ARKA/....
12/09/2024AMI “Novosti-Armenia” releases new media kit in honor of its 19th anniversary
... agency's current capabilities, achievements, key metrics, and prospects for future cooperation. This is not just the agency’s business card, but also a tool that will help partners and advertisers gain a better understanding of its coverage scope, work formats, and approaches to content creation. The AMI “Novosti-Armenia” news agency has been operating in Armenia's information space since December 8, 2005, and is one of the leaders in the media market. The agency is among the most cited resources ...
12/06/2024EU and Armenia strengthen cooperation in all areas - Kaja Kallas
... Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA), the ratification process of which took about three years, entered into force on March 1, 2021. In September 2024, the EU-Armenia Visa Liberalization Dialogue was officially launched, and work is underway on a new comprehensive document titled the “New Partnership Agenda”.
12/05/2024Ardshinbank Partners with the European Investment Bank to Improve Climate Risk Management
Ardshinbank has begun a strategic technical assistance initiative with the European Investment Bank (EIB) within the framework of the Greening Financial Systems program. YEREVAN, December 5. /ARKA/. Ardshinbank has begun a strategic technical assistance initiative with the European Investment Bank (EIB) within the framework of the Greening Financial Systems program....
12/05/2024Foreign Ministers of Armenia and Georgia discuss cooperation with EU and regional issues
On December 4 in Malta within the framework of the OSCE Ministerial Council, Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a meeting with Minister of Foreign Affairs of Georgia Maka Botchorishvili. YEREVAN, December 5. /ARKA/. On December 4 in Malta within ...
12/05/2024Pashinyan says Armenia has no reason to attack Azerbaijan
... According to him, Armenia is committed to the peace agenda and has no military objectives towards any neighbours. ‘We have acknowledged and recognise the territorial integrity and sovereignty of all our neighbours and I hope that we will intensify the work on the draft peace treaty because 90% of the work is done. What remains is to make the last efforts and sign the peace treaty. We have also proposed real solutions to unblock regional communications. There is no basis for escalation in the relations ...
12/04/2024Yerevan's participation in Rome Statute harms Armenia's relations with Russia - Zakharova
... international legal norms. Zakharova said that if Armenia's co-operation with the ICC could really contribute to some kind of strengthening of international legal norms, it could somehow be understood and even welcomed, but ‘the practice of two decades of work of this pseudo-court speaks to the contrary.’ In her opinion, the ICC has not helped to resolve any conflict it has tried to deal with. ‘Moreover, there are plenty of direct violations of international law, basic standards of justice, and simply ...
12/04/2024EFSD and Armenian Ministry of Territorial Administration to assess condition of flood-damaged bridges in Lori and Tavush
... materials and joints, determine the degree of corrosion of reinforcement and metals, also the statistical and dynamic tests of the bridges. Solutions will also be proposed to protect the transport infrastructure from the negative impact of floods. All the work is planned to be completed by the end of this year. The Fund will pass the data obtained and the professional opinion to the ministry free of charge. Based on this, a decision will be made to carry out the work in the specified areas. The emergency ...
12/04/2024Grigoryan: Shadow turnover of Public Transport in Yerevan is approximately 5 million drams daily
... but “it is almost impossible that all this turnover ended up in the drivers' pockets”. As for the effectiveness of the ongoing efforts, he noted that before November 1, the mayor’s office received an average of 30-31 million drams in revenue on working days, whereas now this figure has risen to 35 million drams. Due to the lack of buses in the morning, tens of thousands of Yerevan residents were unable to get to work, school, or attend to other matters. Bus drivers say they are dissatisfied ...
12/03/2024Yerevan Vice Mayor appeals to prosecutor general over bus drivers' strike
... not play games with such matters. There are proper procedures for addressing issues, and this cannot come at the expense of citizens. We will use all the necessary measures, firstly, to resolve this situation as quickly as possible, and secondly, to ... ... Mayor reported that before the press conference, he was informed that some of the drivers had ended their strike and returned to work, and the shortage of workers was being addressed by drivers on reserve.
12/03/2024Yerevan City Hall fires 18 bus drivers involved in the strike
... strike by public transport drivers on Tuesday, 18 of them have been dismissed so far, Yerevan Mayor's press secretary Hayk Kostanyan wrote on Facebook. Due to the lack of buses in the morning, tens of thousands of Yerevan residents were unable to get to work, school, or other appointments. Bus drivers have stated that they are dissatisfied with their working conditions and wages. The mayor's office has accused them of protesting the reduction in “shadow” earnings (related to fare collection) and ...
12/03/2024Yerevan faces public transport collapse: City Hall reveals reason for drivers' strike
This morning, a large number of drivers of Yerevan Bus CJSC refused to go to work without prior notice, leaving tens of thousands of citizens, including those rushing to work, stranded. YEREVAN, December 3, /ARKA/. This morning, a large number of drivers of ’Yerevan Bus’ CJSC refused to go to work without prior notice, leaving tens of thousands of citizens, including those rushing to work, stranded, the mayor's ...
12/03/2024Artsakh refugees outraged by Armenian government's decision to cut their aid
... problem has not been settled, and in these conditions it is a very wrong decision to reduce the aid,’ Stepanyan noted in a conversation with journalists on Friday. The government explained the decision by the need to encourage the displaced to look for work. ‘This is a method of coercion, the residents of Artsakh were put before the fact. It is necessary to increase their employment through various instruments,’ Stepanyan said. According to Stepanyan, even those who work receive a very low income,...
11/29/2024Armenia to host next meeting of EEU Joint Board of Customs Services in 2025
... Board held in Kazakhstan. A delegation from Armenia, headed by Deputy Chairman of the SRC Ashot Muradyan, participated in the session. During the meeting in Kazakhstan some 20 decisions were discussed and signed, which concern various areas of customs work of EEU member states.-0-
11/29/2024Russia appoints new defence attaché to its embassy in Armenia
... received on Friday the Russian Ambassador to Armenia Sergey Kopyrkin and the newly appointed attaché of the Russian Embassy on defence issues Colonel Alexander Goryanov. Papikyan congratulated the attaché on his appointment and wished him effective work, the Armenian Defence Ministry's press service reported. During the meeting, the sides discussed bilateral agenda and regional security issues.-0-
11/29/2024Battle for growth or decline: Armenian Ministry of Economy accuses National Statistical Committee
... that National Statistical Committee data is incorrect. At the same time, Papoyan did not respond to the interviewer's comment that in previous years, when high growth rates were recorded, the authorities had never expressed dissatisfaction with the work of the Statistical Committee. It should be noted that this is not the first time representatives of the ruling party have criticized the Statistical Committee. A week ago, Babken Tunyan, a member of parliament from the ‘’Civil Contract’’ ...
11/29/2024Armenia plans to ‘conquer unconquered’ international tourism markets in 2025 - head of Tourism Committee
... attract more tourists from China to Armenia next year, we will consider that the Tourism Committee has carried out successful work in 2025. Our 2025 budget envisages a number of programmes, in particular, the organisation of festivals both in Armenia ... ... are already operating. There are three flights a day between Armenia and the UAE, if I am not mistaken. We expect that the citizens of this country will also arrive to Armenia by the same planes. ‘ ARKA’ - What programmes does the Tourism Committee ...
11/29/2024Putin: ‘Today's situation between Armenia and CSTO most likely dictated by internal political processes in Armenia itself’
... Armenia has not announced its withdrawal. It said that it is taking a pause, but at the same time it supports all the documents that are adopted during our meeting today. If that is so, then there is a possibility that Armenia would return to full-scale work within CSTO. We'll see. I will repeat once again, the decision in the end, of course, is up to the member country of the organisation,’ Putin said. Armenian PM Nikol Pashinyan did not participate in the gathering In February 2024, Armenia announced ...
11/28/2024OVIO completes rebranding and summarizes results of the process
... several services, with cloud solutions playing a major role. "We have completed the rebranding process itself, but we believe it is an ongoing journey, driven by our commitment to satisfy even the most demanding customers through an honest, open work style, care, and pioneering innovative solutions. The rebranding process was accompanied by the launch of our data processing center, which is unique not only in its size and compliance with high international standards, but also in its strategic ...
11/28/2024Armenia to develop medical and health tourism - head of Tourism Committee
... Gevorgyan said in an interview with journalists on Thursday. Gevorgyan also emphasized the importance of expanding tourism cooperation with foreign countries. ‘’We want to broaden our cooperation, particularly with France and Germany. Significant work is already being done with German donors in this area,’’ 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 ...
11/28/2024Ministry of Internal Affairs expands cooperation with EU on visa liberalization
... Cooperation The Armenia-EU Comprehensive and Enhanced Partnership Agreement (CEPA), which took about 3 years to ratify, entered into force on March 1, 2021. In September 2024, the EU-Armenia Visa Liberalization Dialogue was officially launched, and work is underway on a new comprehensive document titled the ‘’New Partnership Agenda.’’-0-
11/28/2024Armenia and Russia plan to reach record $14-16bn trade turnover - Russian Ambassador
... the first half of 2024, the trade turnover between Russia and Armenia exceeded $8.3bn mark, surpassing the figures for the whole of last year, which stood at $7.4bn,‘’ he said in an interview with Russian daily 'Izvestia'. Kopyrkin also noted that work is underway to launch joint economic projects in Armenia, which will make a tangible contribution to the development of Armenian industry, create new jobs and increase tax revenues. Russia is still Armenia’s largest foreign trade partner. According ...
11/25/2024A young farmer develops his village through hard work
Young farmer Karen Grigoryan lives and works in the village of Arazap, located in the Armavir region. YEREVAN, November 25. /ARKA/. Young farmer Karen Grigoryan lives and works in the village of Arazap, located in the Armavir region. Karen bought modern tractors to cultivate his fields,...
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