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Regulator turns down application of Electric Networks of Armenia to revise its investment program for 2025
... limit set by the ENA license by more than 2 billion drams. This could lead to a significant delay in the recovery of investment costs through prices of more than 10 billion drams, which would negatively affect the company's financial condition, according ... ... well as its financial stability, could decline. The Commission’s decision may be challenged in the Administrative Court of Armenia, but an appeal will not affect the suspension or implementation of the decision. On July 3, the National Assembly of Armenia ...
07/08/2025Copper concentrate production in Armenia fell by 20.2% over five months
Armenia's copper concentrate production dropped by 20.2% to 103,704.7 tons in January-May 2025 compared to January-May 2024, according to the National Statistical Committee. YEREVAN, July 8. /ARKA/. Armenia's copper concentrate production dropped ...
07/08/2025Armenian parliament votes for criminal prosecution and arrest of MP Artur Sargsyan
On Tuesday, Armenian MPs endorsed two motions submitted by the Prosecutor General requesting permission to initiate criminal proceedings against Artur Sargsyan, an MP from the opposition Hayastan (Armenia) alliance, and to arrest him. YEREVAN, July 8. /ARKA/....
07/08/2025€14.8 million solid waste management program supported by EBRD launched in Armenia
A solid waste management program designed for Armenian regions of Kotayk and Gegharkunik has been launched in the community of Hrazdan, the administrative center of Kotayk. YEREVAN, July 8. /ARKA/. A solid waste management program designed for Armenian regions of Kotayk and Gegharkunik has been ...
07/08/2025Jazeera Airways flight from Kuwait welcomed at Zvarnots International Airport
... Ambassador of the State of Kuwait to the Republic of Armenia and other guests. In this connection Marcelo Wende, Director of “Armenia” International Airports” CJSC noted, “We are delighted to witness opening of the connection between Yerevan and ... ... the strengthening of ties between our two nations, as well as boosting tourism and business ties.” Kuwait’s leading low-cost carrier, Jazeera Airways serves over 60 destinations across the Middle East, Central and South Asia, Africa and Europe with ...
07/08/2025Production of manufacturing industry in Armenia decreased by 21.5% in 5 months, amounting to 685.5 billion drams
... /ARKA/. The volume of production in the manufacturing industry in January-May 2025 amounted to 685,547.3 million drams, a decrease of 21.5% compared to January-May 2024. This is evidenced by the data published by the National Statistical Committee of Armenia. At the same time, the volume of industrial output in May amounted to 150,141.5 million drams, a decline of 13.5% compared to May 2024, and an increase of 3.2% was recorded compared to April 2025. The largest share in the overall structure of ...
07/08/2025Chairman of the Board of Directors of "Electric Networks of Armenia" admitted that he could be detained
Chairman of the Board of Directors of CJSC "Electric Networks of Armenia" Narek Karapetyan admitted that he could be detained. YEREVAN, July 8. /ARKA/. Chairman of the Board of Directors of CJSC "Electric Networks of Armenia" Narek Karapetyan admitted that he could be detained. "Most likely, they ...
07/08/2025Criminal case on money laundering and tax evasion solved in Armenia, searches conducted
The Investigative Committee of Armenia reported on the progress of the investigation of a criminal case on large-scale fraud, money laundering and tax evasion on an especially large scale. YEREVAN, July 8. /ARKA/. The Investigative Committee of Armenia reported on the progress of ...
07/08/2025Over 1,500 trucks with apricots from Armenia crossed the border with Russia - Papoyan
From July 1 to 7, 1,507 trucks loaded with apricots were exported from Armenia; they have already crossed the border with the Russian Federation, said Armenian Economy Minister Gevorg Papoyan. YEREVAN, July 8. /ARKA/. From July 1 to 7, 1,507 trucks loaded with apricots were exported from Armenia; they have already crossed ...
07/08/2025Investigative actions are being conducted at the main office of the Electric Networks of Armenia CJSC - Investigative Committee
Investigative actions are being conducted at the main office of the Electric Networks of Armenia CJSC in Yerevan, which belongs to the president of the Tashir Group, philanthropist Samvel Karapetyan. YEREVAN, July 8. /ARKA/. Investigative actions are being conducted at the main office of the Electric Networks of Armenia CJSC in Yerevan, ...
07/08/2025Industrial output in Armenia decreased by 14.1% in 5 months, amounting to approximately 1 trillion drams
The industrial output in Armenia in January-May 2025 amounted to 1,030,846.9 million drams (in current prices), decreasing by 14.1% compared to January-May 2024. YEREVAN, July 8. /ARKA/. The industrial output in Armenia in January-May 2025 amounted to 1,030,846.9 million drams ...
07/08/2025Armenia's foreign trade almost halves to $7.9 billion in 5 months of 2025
Armenia's foreign trade in January-May 2025 compared to the same period in 2024 slashed by 49% to $7,912,325.9 thousand, according to the National Statistical Service. YEREVAN, July 7. /ARKA/. Armenia's foreign trade in January-May 2025 compared to ...
07/07/2025Armenian Parliament votes to allow criminal prosecution of two opposition MPs
The Civil Contract party, holding the majority of seats in the National Assembly of Armenia, voted today to allow initiation of criminal proceedings against Seyran Ohanyan, head of the opposition Hayastan (Armenia) alliance, and Artsvik Minasyan, secretary of the same alliance,. sought by the Prosecutor General. YEREVAN, July 7. ...
07/07/2025Moody's upgrades Converse Bank's ratings
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating. YEREVAN, July 7. /ARKA/. Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating. Concurrently,...
07/07/2025Ameriabank acted as a fintech partner for Tech Week Vanadzor
... foremost, for young people, because they see, believe, and understand that with the help of education and a creative approach, they can build a bright future for themselves. Secondly, , the balanced development of regions is an extremely important task for Armenia, and I am glad that such events are held in the regions,“ said Ameriabank CFO Hovhannes Torosyan, who took part in a panel discussion on ”The Future of Finance in Armenia: Banks, Fintech, and Web3—Conflict or Combination?" as part of ...
07/07/2025More than 11,100 people died in Armenia in five months, a decline of 0.3%
In January-May 2025, some 3 people died in Armenia, which is 0.3% less than in the same period in 2024, as evidenced by data published by the National Statistical Committee. YEREVAN, July 5. /ARKA/. In January-May 2025, some 3 people died in Armenia, which is 0.3% less than in the same period ...
07/07/2025Birth rate in Armenia down 7.4% in January-May
The birth rate in Armenia dropped by 7.4% in January-May 2025 compared to the same period in 2024, the National Statistical Committee said. YEREVAN, July 7. /ARKA/. The birth rate in Armenia dropped by 7.4% in January-May 2025 compared to the same period in 2024, the ...
07/07/2025Almost 50 trucks with Armenian cognac entered Russia - Papoyan
Armenian Economy Minister Gevorg Papoyan announced the dispatch of another batch of Armenian cognac to Russia. YEREVAN, July 7. /ARKA/. Armenian Economy Minister Gevorg Papoyan announced the dispatch of another batch of Armenian cognac to Russia. “From ...
07/07/2025Nikol Pashinyan has nothing to do in Armenia - Samvel Karapetyan said he is ready to fight for Armenia
Armenian Prime Minister Nikol Pashinyan and his government have no connection with the future of the Armenian people, says in a new statement by Tashir Group President and benefactor Samvel Karapetyan, who is currently in the Armenian National Security ...
07/07/2025Risks of investor outflow and damage to economy – experts on nationalization of Electric Networks of Armenia
... implementing state policy have been exhausted.' According to him, with an appropriate legislative framework, as is envisaged in Armenia, the government can effectively oversee infrastructure management by regulating prices, setting standards and ensuring ... ... conditions, a step towards nationalization is an extremely risky decision that can undermine investment confidence and lead to costly international disputes,” Jrbashyan noted. He is convinced that the decision on nationalization should be made with extreme ...
07/04/2025Alen Simonyan says charges brought against Samvel Karapetyan not related to politics
Armenian Parliament Speaker Alen Simonyan said today that the charges brought against Tashir Group President Samvel Karapetyan in Armenia are not related to politics. YEREVAN, July 4. /ARKA/. Armenian Parliament Speaker Alen Simonyan said today that ...
07/04/2025Food products in Armenia in June increased in price by 6.2% over a year, and decreased by 3.5% over a month
Prices for food products and non-alcoholic beverages in June 2025 compared to June 2024 increased by 6.2%, and decreased by 3.5% over a month. This is evidenced by the data of the report of the National Statistical Committee of Armenia. YEREVAN, July 4. /ARKA/. Prices for food products and non-alcoholic beverages in June 2025 compared to June 2024 increased by 6.2%, and decreased by 3.5% from the previous month of this year, according to the National Statistical Committee of ...
07/04/2025Samvel Karapetyan's lawyers will file lawsuits to restore his business reputation and rights
... Karapetyan's lawsuits against Arsen Torosyan and Hayk Konjoryan, MPs from the ruling Civil Contract party, demanding a public apology for the slander and insults and compensation of 9 million drams. Samvel Karapetyan, owner of JSC Electric Networks of Armenia (ENA), has been under arrest in Armenia since June 19 on charges of publicly calling for the seizure of power. This happened after his meeting with Catholicos of All Armenians Garegin II and statements of support for the Armenian Apostolic Church ...
07/04/2025Pashinyan to Trump: Armenia aims to expand cooperation with US in trade and other areas
..., July 4. /ARKA/. Prime Minister Nikol Pashinyan sent a congratulatory message to US President Donald Trump on the occasion of the national holiday, Independence Day. The message reads: "On behalf of the Government and people of the Republic of Armenia, as well as on my own behalf, I warmly congratulate you and the friendly people of the United States of America on the occasion of the national holiday, Independence Day. Armenia and the United States are united by the historical friendship of ...
07/04/2025Gasoline in Armenia fell in price by 7.6% in June, and diesel fuel by 10.9%
Gasoline in Armenia in June 2025 compared to June 2024 fell in price by 7.6%, and diesel fuel by 10.9%. YEREVAN, July 4. /ARKA/. Gasoline in Armenia in June 2025 compared to June 2024 fell in price by 7.6%, and diesel fuel by 10.9%. This is evidenced by the data ...
07/04/2025Monthly assistance to certain groups of Artsakh residents in the amount of 30 thousand drams will continue until the end of the year
Until the end of 2025, minors, disabled persons, and pensioners who were forced to leave Nagorno-Karabakh will continue to receive financial support in the amount of 30,000 drams per month, Armenian Deputy Prime Minister Tigran Khachatryan said. YEREVAN, July 3. /ARKA/. Until the end of 2025, minors, disabled persons, and pensioners who were forced to leave Nagorno-Karabakh will continue to receive financial support in the amount of ...
07/03/2025Armenian parliament adopts legislative amendments allowing nationalization of Electric Networks CJSC
The National Assembly of the Republic of Armenia adopted in the second and final reading legislative amendments to the ArmenianLaws "On the Public Services Regulatory Authority" and "On Energy", allowing nationalization of Electric Networks of Armenia CJSC YEREVAN, July ...
07/03/2025In June, 12-month inflation in Armenia amounted to 3.9%, while prices fell by 1.3% over the month
In June 2025, compared to June 2024, inflation of 3.9% was registered in Armenia, while deflation was 1.3% over the month. This is evidenced by the data of the report of the National Statistical Committee (NSC) of Armenia. YEREVAN, July 3. /ARKA/. In June 2025, compared to June 2024, inflation of 3.9% was registered in Armenia,...
07/03/2025Armenian Parliament Approves Law on Fines for Traveling on Yerevan Public Transport Without Paying or with Someone Else's Ticket
The National Assembly of Armenia adopted in the second and final reading at an extraordinary session on Thursday a bill on imposing fines for traveling on Yerevan public transport without paying or with someone else's discounted ticket. YEREVAN, July 3. /ARКА/. The National ...
07/03/2025Ardshinbank summed up the raffle organized for Mastercard Business cardholders
... https://play.google.com/store/apps/details?id=am.lsoft.mobilebanking.ashb.legal&hl=en&gl=US ։ Details of the terms for using Ardshinbank's SME services are available at the following link: sme.ardshinbank.am *** Ardshinbank is the leading bank in Armenia. It provides a wide range of universal banking services, providing solutions in the areas of retail, small and medium business, corporate, investment, as well as private banking and asset management. Ardshinbank serves more than 410,000 customers ...
07/03/2025Armenia expands list of settlements for housing purchase by forcibly displaced people from Artsakh, financial assistance limit - 4 million drams
... instead of the previous 452 and set a financial assistance limit of 4 million drams per person for these settlements,” said Armenian Minister of Labor and Social Affairs Narek Mkrtchyan at a regular government meeting on Thursday. He explained that applicants ... ... establishes a procedure for developing the positive balance formed as a result of the sale of the certificate in cases where the cost of the acquired property is less than the amount of support provided to the family," Mkrtchyan said. The Minister also ...
07/03/2025More than 60 trucks with Armenian cognac entered Russia in a week - Papoyan
More than 60 trucks with Armenian cognac entered Russia, Armenian Minister of Economy Gevorg Papoyan reported. YEREVAN, July 3. /ARKA/. More than 60 trucks with Armenian cognac entered Russia, Armenian Minister of Economy Gevorg Papoyan reported. "Over the past 7 days,...
07/03/2025Manufacturer of Russian ice cream banned from import to Armenia claims no quality violations
The manufacturer of the "Korovka iz Korenovka" ice cream - OOO "Fabrika iz osnovegogo" (part of the Renna Group) has not received official conclusions from Armenia regarding the batch of ice cream, which, according to the country's inspection bodies, did not comply with the Customs Union standards for the content of E. coli bacteria, the Renna Group told Interfax. YEREVAN, July 3. /ARKA/. The manufacturer ...
07/03/2025Armenian authorities not discussing issue of nationalization of water supply operator
Armenian authorities are not discussing the issue of nationalization of water supply operator – “Veolia Jur” company, Armenian Minister of Territorial Administration and Infrastructure David Khudatyan said on Wednesday. YEREVAN, July 3. /ARKA/....
07/03/2025Singapore-based multinational Trafigura interested in projects in Armenia
On Wednesday, Armenian Prime Minister Nikol Pashinyan discussed cooperation in the mining sector and opportunities for investment projects in Armenia with Jeremy Weir, CEO of Singapore-based multinational company Trafigura. YEREVAN, July 2. /ARKA/. On Wednesday,...
07/02/2025Armenia's Investigative Committee explains reasons for search at Tashir Group headquarters in Yerevan
Armenia's Investigative Committee has announced the reasons for the search at the Tashir Group headquarters in Yerevan. YEREVAN, July 2. /ARKA/. Armenia's Investigative Committee has announced the reasons for the search at the Tashir Group headquarters ...
07/02/2025Legislative changes aimed at nationalizing Electrical Networks of Armenia violate property and investor rights - lawyer
The legislative changes initiated by the Armenian authorities on Electrical Networks of Armenia (ENA) are unconstitutional and aimed at interfering with property rights, said lawyer Aram Vardevanyan, who represents the interests of ENA owner Samvel Karapetyan. YEREVAN, July 2. /ARКА/. The ...
07/02/2025Ardshinbank at the Forefront of Digital Security: Sponsor and Participant of BugBounty 2025 Event
... CyberGen international conference took place at the Dilijan Research Center of the Central Bank, focusing on ways to make our digital lives more secure. Held as part of Cybersecurity Week, the conference was organized by the Central Bank of the Republic of Armenia, the Information Systems Agency of the Republic of Armenia, the French University in Armenia, and the CyHub Armenia project of the “Enterprise Incubator” Foundation. The conference was followed by the BugBounty initiative, which provided both ...
07/02/2025Armenian regulator bans import of one type of Korovka brand ice cream
A temporary ban on imports of Vanilla Chocolate-Creamy Eskimo Plombir in Glaze ice cream produced by Real Ice Cream Factory LLC (Korovka brand) has been introduced to Armenia since July 2. YEREVAN, July 2. /ARKA/. A temporary ban on imports of Vanilla Chocolate-Creamy Eskimo Plombir in Glaze ice cream produced by Real Ice Cream Factory LLC (Korovka brand) has been introduced to Armenia since July 2. As reported by ...
07/02/2025Armenian Parliament adopted in the first reading a bill on fines for traveling on Yerevan public transport without paying or using someone else's ticket
The National Assembly of Armenia at an extraordinary session on Wednesday adopted in the first reading a bill on imposing fines for riding Yerevan public transport without paying or using someone else's discounted ticket. YEREVAN, July 2. /ARKA/. The National Assembly of Armenia ...
07/02/2025Armenian parliament greenlights nationalization of Electric Networks of Armenia
Armenia's National Assembly at an extraordinary session on Wednesday adopted in the first reading a set of amendments to the laws On the Public Services Regulatory Authority and On Energy, which allow the nationalization of the national power distribution ...
07/02/2025Papikyan discusses bilateral cooperation in the field of defense with French ambassador
Armenian Defense Minister Suren Papikyan discussed issues of bilateral cooperation in the field of defense with Olivier Decottignies, Ambassador Extraordinary and Plenipotentiary of France to Armenia, the press service of the Defense Ministry reports....
07/02/2025Unibank pays AMD 7.8 billion dividends to shareholders
... to raise awareness of the benefits of this service. International transfers are one of the most popular services among customers, thus, Unibank strives to offer them the most favorable conditions and modern functionality. In 2024, Unibank created the Armenian money transfer payment and settlement system UBPay, the mission of which is to help people transfer money worldwide easily and instantly. The platform offers a robust and intuitive API, making it seamless for banks and remittance firms to integrate ...
07/02/2025It is important for Armenia to diversify its economy and not depend on unfriendly countries - Kallas
It is important for Armenia to diversify its economy and not depend on unfriendly countries, thinks EU High Representative for Foreign Affairs and Security Policy Kaja Kallas. YEREVAN, July 2. /ARКА/. It is important for Armenia to diversify its economy and not depend ...
07/02/2025In May, the number of jobs in Armenia exceeded 790 thousand - SRC
The number of income-earning jobs, according to the income tax and social payment calculations submitted by taxpayers, amounted to 790,320 in May 2025, the State Revenue Committee of Armenia reports. YEREVAN, July 2. /ARKA/. The number of income-earning jobs, according to the income tax and social payment calculations submitted by taxpayers, amounted to 790,320 in May 2025, the State Revenue Committee of Armenia reports. This is ...
07/02/2025Minister states plan to nationalize ENA preceded its owner's political statement.
The need to nationalize Armenia's power distributing company Electric Networks of Armenia (ENA) was not prompted by a political statement made by its owner, Russia-based businessman Samvel Karapetyan, Territorial Administration and Infrastructure Minister David Khudatyan said ...
07/01/2025Acba Bank recognized as the best in CyberGEN's Bug Bounty competition (video)
Cyber Security Week in Armenia ended with the Bug Bounty competition with Acba Bank's offensive cyber security team recognized as the best, according to the bank's press service. YEREVAN, July 1. /ARKA/. Cyber Security Week in Armenia ended with the Bug Bounty competition ...
07/01/2025A new requirement for irregular passenger transportation between Armenia and Georgia has come into force
From July 1, passenger transportation from Armenia to Georgia and in the opposite direction is carried out with a completed electronic control document. YEREVAN, July 1. /ARKA/. From July 1, passenger transportation from Armenia to Georgia and in the opposite direction is carried out with a ...
07/01/2025Opposition MP Accuses Armenian Authorities of Attempting to Seize “Electrical Networks”
MP from the opposition Armenia faction Anna Grigoryan, speaking at an extraordinary session of parliament on Tuesday, accused the country's authorities of attempting to seize Electric Networks of Armenia CJSC. YEREVAN, July 1. /ARKA/. MP from the opposition Armenia faction ...
07/01/2025Tax revenues and duties in Armenia in the first half of the year exceeded the plan by 6.5 billion drams - PM
In the first half of 2025, the volume of tax revenues and duties received by the state budget of Armenia exceeded the program indicators by 6.5 billion drams, Prime Minister Nikol Pashinyan wrote on social networks. YEREVAN, July 1. /ARKA/. In the first half of 2025, the volume of tax revenues and duties received by the state budget of Armenia ...
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