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Armenian Minister of Internal Affairs reports 2.2% reduction in crime rate over 11 months
... Ministry of Internal Affairs. “A decline is observed in almost all categories of crime, including theft and drug trafficking,” she said on the Public Television of Armenia. However, Sargsyan noted that a decline in crime does not guarantee improved quality, as reforms in the police sector focus on two main areas: the development of institutions and the establishment of standards. She explained that the work on crime prevention is hindered by the lack of a unified national approach to the issue. ...
12/27/2024Ardshinbank once again recognized as Private Bank of the Year and Retail Bank of the Year by Global Banking and Finance Awards magazine
... Review. A special jury of industry analysts and experts annually selects financial organizations worldwide based on several key indicators: market share, investment opportunities, innovative solutions, international market reputation, and the volume and quality of services provided to clients. According to the press release issued on this occasion by the magazine, Ardshinbank was recognized for its outstanding achievements in providing the best private client services and retail banking in Armenia. “These ...
12/26/2024Russia allocates $68m to fund school meals programme in Armenia
... finance the Armenian schoolchildren's nutrition programme, operating since 2010, Russian Foreign Ministry spokeswoman Maria Zakharova said. She said at the expense of Russian allocations, primary school students in more than 1,000 schools receive high-quality and balanced meals, and solar panels have been installed in almost 100 schools. ‘The funds freed up by saving electricity - about $390,000 - are being used to develop school infrastructure and improve the nutrition of students,’ Zakharova ...
12/26/2024Ardshinbank Finances the Construction of an Innovative Greenhouse Facility
... Federation, the United Arab Emirates and Qatar. “Our goal is to reach a yield of 1.5 thousand tons per year. It is planned to expand the production area to 18 hectares, which will allow the cultivation and export of more than 5 thousand tons of high-quality pepper. Our main advantage is that the greenhouses are located in the highlands of Armenia, at an altitude of 1415 meters above sea level. This provides a large number of sunny days and favorable climatic conditions, while the clean mountain water ...
12/25/2024Several petrol stations in Armenia fined 220 million drams for selling low-quality fuel
The Commission for the Protection of Competition (CPC) of Armenia has imposed a fine of 220.4 million drams on five companies and one individual entrepreneur for selling gasoline that does not meet required standards. YEREVAN, December 25. /ARKA/. The Commission for the Protection of Competition (CPC) of Armenia has imposed a fine of 220.4 million drams on five companies and one individual entrepreneur for selling gasoline that does not meet required standards. According to the regulator's press...
12/25/2024From a small family dream to a large business: Danielyan sweets (video)
... /ARKA/. The Danielyan family started their business after the Spitak earthquake - first in a small house, and now they have more than 500 employees. The family under Danielyan Sweets and Danielyan Bakery brands produces various cakes and pastries, high quality bakery products and sweets. Danielyan's production and sales outlets are located in Spitak, Vanadzor, Artik and Yerevan. The production partner of the company is Acba Leasing, the leader of the Armenian leasing market. With its support the company ...
12/23/2024Armenia proposes 7-hour workday; Providing justifications
... initiative website e-draft.am . "International experience and various studies show that reducing weekly working hours does not negatively affect the economy. On the contrary, it contributes to increased labor productivity and positively impacts the quality of life, improving the balance between work and personal life," states the justification for the draft law. It is noted that the World Health Organization has published studies showing that long working hours can lead to cardiovascular diseases ...
12/23/2024Accor Group Partners with Technotun to Bring Pullman to Armenia for the First Time
... renowned global standards, the Pullman Living complex will cater to those seeking medium- to long-term stays, particularly international professionals and Diaspora Armenians. “Partnering with Accor allows us to create a living experience of exceptional quality and service, offering residents a comprehensive range of tailored solutions. This in turn, sets a new cultural standard in Armenia, meeting international expectations and elevating the lifestyle market. Therefore, this collaboration is significant ...
12/20/2024Yerevan hotels recognised as most comfortable in OneTwoTrip rating
... and beautiful cosy interiors,’ the service said. Also in the top were Budapest, Hungary (8.6), Guangzhou, China (8.5), Abu Dhabi, UAE (8.4) and Batumi, Georgia, (8.3). Yerevan was also third place in the top 5 cities, where the ratio of price and quality of hotels suits travellers most of all. The capital of Armenia has 8.8 points out of 10. The first two places in this list are occupied by Samarkand, Uzbekistan (9.2) and Doha, Qatar (8.9), followed by Kyoto, Japan (8.7) and Belgrade, Serbia (8....
12/19/2024Unibank opens new Dalma branch
... 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 as deposit account opening, consumer and business lending, money transfers, provision and servicing of cards, cash ...
12/18/2024Acba Leasing offers 0.5% interest rate for purchase of construction, production and warehouse equipment
... from 0.5%," said Vahagn Shmavonyan, Head of the Supplier Cooperation Department at Acba Leasing. "Metatech has been operating for over 15 years, and during these years, we have implemented many projects, bringing international experience and quality to Armenia. We offer consulting and design, modern solutions, as well as any equipment and machinery for the final operation of warehouses. Metatech's partner is the leader in the leasing market, thanks to which you can purchase the company's ...
12/18/2024Yerevan mayor orders air purification program in 2 months
Yerevan Mayor Tigran Avinyan has instructed the development of a 4-year program aimed at improving air quality in the capital. YEREVAN, December 16. /ARKA/. Yerevan Mayor Tigran Avinyan has instructed the development of a 4-year program aimed at improving air quality in the capital. According to him, the issue of air pollution is frequently raised by ...
12/16/2024Ameriabank Presents EventHub.am: a Streamlined and User-Friendly Ticketing Solution
... continually introduces and enhances innovative products, services and platforms designed to meet the evolving financial and non-financial needs of its customers. Ameriabank, as a dynamically growing fintech space, offers seamless solutions to improve the quality of life. The Eventhub platform streamlines the process of event organization by offering seamless solutions for seat selection, ticket sales, and verification. Launched in 2023, in a short period of time EventHub has partnered with over 100 organizations ...
12/11/2024Unblocking communications will restore region's role: Armenian speaker on talks with Azerbaijan
.... To unlock and harness the region's transport potential, we must focus our efforts on effectively utilizing PABSEC mechanisms. The implementation of the Black Sea Ring Road and Sea Routes initiatives can significantly enhance the sustainability and quality of transport infrastructure in our region. It is also important to develop joint mechanisms to facilitate trade and simplify customs procedures," Simonyan said. He emphasized that, due to its geographical location, the South Caucasus can ...
12/11/2024Roots Furniture: from idea to big Armenian furniture business (video)
... ‘smart’ equipment should take place through similar productions. 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 of exports. The 100% shareholder of Acba Leasing is Acba Bank. Acba Leasing is supervised by the Central Bank of Armenia. -0-
12/11/2024Children's health, education, science: interim results of voting on "My Ameria, My Armenia" project announced
... continuously enhances unique products, services, and innovative platforms designed to meet both the financial and non-financial needs of individuals. As a rapidly growing fintech environment, Ameriabank offers comprehensive solutions aimed at improving quality of life. The Bank is regulated by the Central Bank of the Republic of Armenia.
12/10/2024EDB investments in 2024 total $2.3B, with $436M in Armenia, Kyrgyzstan, and Tajikistan
... Kyrgyzstan, and Tajikistan amounted to $436 million, an increase of 1.5 times compared to 2023. Net profit for the first 11 months of 2024 stood at $135 million," Podguzov said. According to him, for 18 years, the EDB has been investing in improving the quality of life for 200 million people living in Eurasia. "298 successful national development and integration projects have been implemented. The accumulated investment portfolio totals $15.6 billion (with a growth of about 5.8% in 2024)," ...
12/06/2024Ameriabank named the Bank of the Year 2024 in Armenia by The Banker Magazine
... Awards were announced at the 2024 Banker Awards ceremony held in London on December 4. The prestigious award covers 127 countries and recognizes excellence of financial institutions that have grown while retaining a solid balance sheet, improved the quality of their service, invested in technology and considered their role within their local communities. Beyond their operational and financial achievements, the award-winners have been acknowledged for addressing environmental and social concerns, ...
12/05/2024Public transport for the wealthy, creation of control center, and new buses: Avinyan reveals plans for 2025
... where even wealthy residents of the capital would want to use it. "Our main task is to consistently develop public transport and make such changes to our culture that even wealthy people will want to use it. I am confident that in 4-5 years, the quality of public transport in Yerevan will be very high – with dedicated lanes, electric buses, and a unified ticket system," he said in an interview with Armenian Public Television. At the same time, Avinyan added that, just this year, the City ...
12/04/2024"KinoTon" from OVIO: Up to 35,000 movies and series from wink TV included in OVIO's tariff plans for subscribers
... time with a vast collection of movies! We have included up to 35,000 movies and TV series in our packages, and we are confident that our subscribers will enjoy even more engaging and cozy family entertainment during the winter months. While offering quality services and innovative, convenient solutions, we also prioritize making them affordable and accessible to all our subscribers," said Hayk Faramazyan, General Director of OVIO. To recap, OVIO's Wink platform is a vast video library offering ...
12/03/2024Armenia plans to ‘conquer unconquered’ international tourism markets in 2025 - head of Tourism Committee
... providing tourist services and asked them to heat the places of rest better, offer better food, offer lower prices, which will create conditions for people visiting Armenia in the next years to know that this service is available in Armenia, it is of high quality. So that people would not look towards neighbouring countries, but towards Armenia..-0-
11/29/2024Ameriabank Named Armenia’s Best Bank for Real Estate by Euromoney
... continually introduces and enhances innovative products, services and platforms designed to meet the evolving financial and non-financial needs of its customers. Ameriabank, as a dynamically growing fintech space, offers seamless solutions to improve the quality of life. The Bank is regulated by the Central Bank of Armenia.
11/29/2024Armenian tourism head urges locals to celebrate New Year in the country
... companies providing tourism services, asking them to improve heating in rest areas, offer better food, and lower prices. This will create conditions so that in the coming years, people visiting Armenia will know that such services are available and of high quality. The goal is for people to look not towards neighboring countries, but towards Armenia," Gevorgyan said.
11/29/2024OVIO completes rebranding and summarizes results of the process
... standards to ensure maximum service convenience. The company has repeatedly emphasized that the rebranding is not merely a change of name and colors, but a new starting point. With its new identity, OVIO remains committed to providing reliable, high-quality services and innovative solutions, with customer satisfaction at the core. With the rebranding, the company has expanded beyond being a traditional telecommunications operator, evolving to offer a range of digital and cloud services and beginning ...
11/28/2024EBRD: Armenian authorities to strengthen economic stability
The Armenian authorities need to do more to improve the quality of regulation, strengthen institutional capacity and enhance government effectiveness, said Elisabetta Falcetti, Managing Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD). YEREVAN, November ...
11/27/2024"Cilicia" transforms business connections through digitization
... business connections with entrepreneurs, representatives from the arts, government officials, and others across the globe, based on shared interests, industries, location, and more. This is the first Armenian platform that facilitates the creation of high-quality B2B, B2C (C2C), and B2G connections. "The full capabilities and functionality of the program are currently available only to members and partners of our club, but we plan to expand the user base in the future," said Nver Sargsyan, president ...
11/27/2024High-quality Armenian fish and caviar will be exported
ART-FISH company has been supplying the market with fresh, high-quality fish and caviar for 17 years. It started its production with sturgeon, and now offers a variety of trout species. YEREVAN, November 26. /ARKA/. ART-FISH company has been supplying the market with fresh, high-quality fish and caviar for ...
11/26/2024Yerevan and Los Angeles to develop cooperation in digital transformation
... transformation. The memorandum of understanding was signed by the mayors of the Armenian capital and Los Angeles, Tigran Avinyan and Karen Bass, according to the press service of Yerevan City Hall. The document outlines cooperation in providing high-quality services through technology and the development of ‘’smart’’ solutions. During the conversation, Avinyan and Bass discussed the use of information technologies in various sectors of the urban economy. "Los Angeles supports its city ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
... a strong pillar of economic stability. The government has made progress in reducing corruption, improving transparency and setting up anti-corruption institutions. Those reform efforts should continue. More efforts are needed in improving regulatory quality, enhancing institutional capacity and increasing government effectiveness. ARKA- Does the EBRD take into account global trends such as the transition to a low-carbon economy and digitalisation when developing projects in Armenia? Which ones ...
11/26/2024Armenia's GDP growth slowed to 5.2 per cent to about AMD 2.7 trillion in Q3 - official statistics
... activities at 0.5 per cent. Declines were recorded in public administration and compulsory social security - 23.7%, education - 11.3%, information and communication - 10.9%, transport and warehousing - 5.9%, provision of electricity, gas, steam and air quality - 3.6%, mining and operation of open-pit mines - 3.6%, and agriculture, forestry and fisheries - 1.2%. Armenia's economic growth in the state budget for 2024 is envisaged at the level of 7%, inflation – at 4% (±1.5%). According to preliminary ...
11/20/2024Ameriabank joins EngageArmenia2024 Forum UAE to present a special offer for Diaspora Armenians
... continually introduces and enhances innovative products, services, and platforms designed to meet the evolving financial and non-financial needs of its customers. As a dynamically growing fintech space, Ameriabank offers seamless solutions to improve the quality of life. Ameriabank is supervised by the Central Bank of Armenia.-0-
11/20/2024Acba bank and American Express Expand Collaboration in Armenia
... rural sector. After the initial public offering (IPO) in 2021, Acba bank has more than 5,500 shareholders. Thanks to the implementation of the latest digital solutions and the use of new technologies, the bank continuously develops the quantity and quality of the provided financial services. Acba bank is represented in all regions of Armenia, has 65 branches, and is considered one of the largest employers in the financial system and the country. About American Express American Express is a ...
11/13/2024$9bn investment can help Armenia decarbonise economy and improve energy security - WB report
... of natural resources. “Investing in effective climate action offers Armenia an opportunity to create new growth drivers and quality jobs. Faster decarbonization can strengthen Armenia’s energy independence while lowering the cost of energy to the economy,... ... essential for electricity production (hydropower) and metals and mineral production, which make up more than a third of all exports. Targeted investments of about $9 billion up to 2060, complemented by policy reforms, can help Armenia enhance energy ...
11/08/2024Concerts of pianist Denis Matsuyev will be held in Yerevan with the support of VTB (Armenia)
... contribute to the cultural life of the country,’ commented Ara Avagyan, General Director - Chairman of the VTB (Armenia) Board of Directors. ‘Denis Matsuev's name is inextricably linked with the traditions of the legendary piano school and the consistent quality of concert programs. We are grateful to VTB (Armenia) for supporting the the great musician's concerts,’ said Stepan Rostomyan, Artistic Director of the Yerevan Perspectives Festival. Denis Matsuev is a laureate of international competitions,...
11/08/2024EU investment in Armenia's logistics infrastructure under discussion
... cooperation between Armenia and the EU. Deputy Minister Narek Hovakimyan also attended the meeting. The discussion covered EU sectoral support, jointly implemented programs and initiatives, economic diversification, export market expansion, aligning quality infrastructure with international standards, and deepening cooperation in food security, the press service of Armenian Ministry of Economy reported The interlocutors discussed possibilities for attracting EU investments to develop logistics infrastructure ...
11/05/2024Introduction of universal health insurance system delayed in Armenia - Minister
... insurance, which envisions a phased introduction of the system from 2023 to 2027, covering all types of medical services, excluding dentistry and plastic surgery. The plan includes creating an insurance infrastructure that provides medical services of equal quality and accessibility to all beneficiaries, regardless of social status. According to the draft, joining the system will be voluntary, and from 2025, pensioners will be included at the expense of the state. By 2027, the system will be mandatory for ...
11/01/2024Armenia subsidizes 50% of companies' expenses for certifying goods for export to foreign markets
... Gevorg Papoyan announced that the state will subsidize 50% of the costs incurred by Armenian companies for certifying goods intended for export to foreign markets. "If Armenian producers need to obtain certificates or other documents certifying the quality of their products for export to foreign markets, the state will subsidize 50% of the costs. These certificates can cost tens of thousands of dollars, and sometimes several are required for each product. This program aims to promote and diversify exports," Papoyan noted during budget discussions in parliament. The Minister stated that the state is also ready, with certain restrictions, to assist all companies that export products to new markets and to subsidize part of their logistics costs....
11/01/2024Armenia certifies 4 local geographical names as national brands
... actively co-operates with EU partners, particularly in strengthening and developing Armenian brands. I believe that it is with Armenian brands that we will be able to properly strengthen (our) positions in the international market in the future, as the quality of many of our goods is quite high,’ Papoyan noted at the government session on Thursday. According to him, there is also certain progress in terms of registration of Armenian geographical names. By the end of the year, a specialised organisation ...
10/31/2024Pashinyan believes that Armenian 'cognac' should be called brandy, not cognac
... commission held on 17 October 2023. The ministry said an official letter was also sent to the relevant directorate of the European Commission. The new name will allow to advertise Armenian brandy, control its export to foreign markets, as well as its quality. -0-
10/31/2024Ameriabank's exclusive offers: MyHome platform and preferential loans
... continues to improve products, services and innovative platforms unique for the market, designed to meet people's financial and non-financial needs. Ameriabank, as a dynamically developing fintech environment, offers holistic solutions that improve the quality of life. The Bank is supervised by the Central Bank of Armenia. -0-
10/25/2024Buying a home has never been easier: Ameriabank presents MyHome ecosystem at TOON EXPO 2024
... continues to improve products, services and innovative platforms unique for the market, designed to meet people's financial and non-financial needs. Ameriabank, as a dynamically developing fintech environment, offers holistic solutions that improve the quality of life. The Bank is supervised by the Central Bank of Armenia. -0-
10/25/2024Ameriabank leads Armenia's mortgage market with 22% share and a portfolio of over AMD 285bn
... continues to improve products, services and innovative platforms unique for the market, designed to meet people's financial and non-financial needs. Ameriabank, as a dynamically developing fintech environment, offers holistic solutions that improve the quality of life. The Bank is supervised by the Central Bank of Armenia. -0-
10/25/2024Media polarization and disregard for professional ethics: expert on media problems in Armenia
... 24. /ARKA/. Media polarization remains a serious problem in Armenia, Ashot Melikyan, head of the Committee for the Protection of Freedom of Speech, said on Thursday. “This does not contribute to impartial coverage of events and the dissemination of quality journalism in the country,” Melikyan said, presenting a report on the situation with freedom of speech in the country for the third quarter of this year. According to the report, many media outlets and journalists often ignore the norms of professional ...
10/24/2024State fee for obtaining citizenship will be raised 50 times, for renouncing citizenship - 4 times
... obtaining citizenship from 1,000 drams to 50,000 drams, and for renouncing citizenship from 25,000 drams to 100,000 drams. The changes also involve digitalization of citizenship obtaining processes, which, according to the minister, will enhance the quality of services offered. In particular, it is noted that documents must be sent in advance in digital form to the competent authority, after which they will be checked and only after that applicants will be able to join the queue. According to the ...
10/17/2024Over $1bn invested in Armenia's economy with Ameriabank's assistance - Ameriabank CEO
... individuals, providing access to a number of banking and non-banking services on a one-stop-shop basis: Estate.ameriabank.am, Automarket.ameriabank.am, Business.ameriabank.am. As a customer-centric company, Ameriabank is committed to providing high quality service in today's digital world, offering comprehensive solutions to improve the quality of life in a safe and secure environment. -0-
10/16/2024EBRD, EU partner with ACBA LEASING to support Armenian firms
... services, both funded under the EU4Business initiative. This new credit line will be on-lent by ACBA LEASING to Armenian firms in the form of leases, enabling them to invest in modern equipment and production upgrades, as well as enhance product quality and strengthen health and safety measures. At least 70 per cent of the loan provided to ACBA LEASING will be allocated to investments in green technologies to help companies develop their environmental practices and resource efficiency. ACBA ...
10/16/2024Most modern medical equipment on exceptional conditions from Acba Leasing
... balanced development of the economy. We are glad that a scientific conference of such scale was held in Armenia with the support of Acba Leasing. By financing acquisition of medical equipment for the healthcare sector, we contribute to improving the quality of life of the population,’ said Vahagn Shmavonyan, Head of Acba Leasing's Vendor Relations Department. 'We have found sponsors who understand the need to fight this serious disease. I would especially like to thank Acba Leasing, which provided ...
10/12/2024Head of Armenian PSRC resigns
... Baghramyan resigned from his position on October 10. The resignation was confirmed by PSRC press secretary Liana Azizyan. Although the official reasons for the resignation were not disclosed, it coincides with the growing public dissatisfaction with the quality of the country's energy supply. The day before, on October 9, Prime Minister Nikol Pashinyan convened a special meeting to look into the problems with electricity supply and possible solutions. Baghramyan held the position of PSRC chairman since ...
10/11/2024Level of wear and tear of energy infrastructure in Armenia is 60 per cent - ENA Director General
... power supply in the regions. Next month 35 kV substation in Tsakhkadzor will be put into operation,’ Harutyunyan said. The company said earlier it planned to raise the total investment in the power grid to AMD 461 billion by 2030 to improve service quality, ensure reliable and uninterrupted power supply, connect new subscribers to the network. Electric Networks of Armenia CJSC is a part of Tashir Group of Companies, which is owned by Samvel Karapetyan, a businessman of Armenian origin based in Russia....
10/04/2024Ameriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of Gifts
... continually introduces and enhances innovative products, services, and platforms designed to meet the evolving financial and non-financial needs of its customers. As a dynamically growing fintech space, Ameriabank offers seamless solutions to improve the quality of life. -0-
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