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Government makes its first attempt to regulate the cryptosphere
... environment with clearly defined rights and obligations for entrepreneurs operating in this sector, sufficient security mechanisms for users, and transparency measures. As the minister noted, the adoption of regulatory norms will make Armenia an attractive location for international players in the industry and will provide users with access to professional services. If necessary, users will also be able to contact the Financial Ombudsman to protect their rights. As part of the regulations, the Central Bank ...
02/27/2025Competition for the construction of Yerevan metro station "Surmalu" may be announced this week
... Avinyan stated that the design work for the construction of the Surmalu station would be funded by the city hall, with 400 million drams (about $1 million) allocated from the community budget for 2025. About the Surmalu station At present, the exact location of the 12th metro station, Surmalu, has not been determined. It is expected to be situated between the existing metro stations "Sasuntsi David" and "Zoravar Andranik," providing access to two shopping centers, "Surmalu" ...
02/24/2025Pashinyan: No date or place set for next Armenian-Azerbaijani border delimitation meeting
... the Armenian and Azerbaijani border delimitation commissions, Armenian Prime Minister Nikol Pashinyan said. "There is an agreement that the delimitation commissions will continue to work, but at the moment, there is no specific agreement on the location and timing of the meeting," he said at a press conference on Friday. Pashinyan noted that the commissions will operate within the framework of the adopted Regulations, which outline all the processes. "I must honestly say that in 2024,...
01/31/2025Armenian Foreign Ministry informs about selection of new section for delimitation of the Armenian-Azerbaijani border
... border of the Republic of Armenia and the Republic of Azerbaijan with the Islamic Republic of Iran. The Parties discussed the drafts of respective guidelines for the procedures on carrying out delimitation works. The Parties agreed to set the date and location of the next meeting through working-level consultations.-0-
01/16/2025Slow-acting tax: Armenians expect sharp increase in property tax
... dissatisfaction and confusion both in personal conversations and on social media. "It is unclear how the tax will be calculated. On what basis will the market value be determined? How will the condition of the building, the presence of repairs, or its location be factored in? I will have to pay more, but what will I get in return as an owner of an apartment in an apartment building?" commented one resident of central Yerevan on social media. What Do Experts Think? Tatul Manaseryan, a doctor of ...
01/13/2025Tech specs for Yerevan metro's 12th station “Surmalu” finalized, results to be presented this week
... to continue collaborating with our partners from the government and international organizations to determine the funds that will be used for the construction work in the future," Avinyan said. About the Surmalu Station At the moment, the exact location of the 12th Surmalu Metro station is not clear. It is assumed that it will be situated between the two existing metro stations, Sasuntsi David and Zoravar Andranik, providing access to two shopping centers, Surmalu and Petak, as well as Sevan ...
12/23/2024Yerevan hotels recognised as most comfortable in OneTwoTrip rating
OneTwoTrip travel planning service has selected the top cities where hotels in 2024 earned the highest scores in terms of such criteria as location, value for money, staff performance, comfort and cleanliness in the room. YEREVAN, 19 December. /ARKA/. OneTwoTrip travel planning service has selected the top cities where hotels in 2024 earned the highest scores in terms of such criteria ...
12/19/2024Unblocking communications will restore region's role: Armenian speaker on talks with Azerbaijan
... 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 facilitate economic cooperation and trade between Europe and Asia. "Unblocking all trade and transport communications in the South Caucasus will open new opportunities not only for the region's economic development,...
12/11/2024Armenian Deputy PM: No agreement on date for new border delimitation meeting with Azerbaijan
... will also be discussed." "But at the moment, there is also no specific agreement on the date for discussing this issue," the Deputy Prime Minister emphasized. Grigoryan also stated that there is currently no agreement on the format or location of the next round of negotiations. Earlier, at the end of October, Armenian Prime Minister Nikol Pashinyan described the delimitation and demarcation process in the Tavush region, particularly near the village of Kirants (which borders Azerbaijan),...
12/09/2024Armenia to develop infrastructure for MICE forums – Tourism Committee head
... Thursday. According to her, Armenia is a country with indescribably beautiful landscapes, a rich cultural and historical heritage, a well-developed culture of hospitality, and a centuries-old winemaking history, which positions the country as an ideal location for hosting such forums. Gevorgyan reported that, according to the Numbeo 2024 World Safety Index, Armenia ranks 8th out of 146 countries, placing it among the top 10. "This is a great source of pride for Armenia. The discussions at this ...
11/28/2024"Cilicia" transforms business connections through digitization
... Yerevan. The application serves as a communication platform that allows participants to form 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 ...
11/27/2024OVIO launches OVIO Cloud service in its data processing center
... small businesses, as well as government agencies, while also saving huge amounts of money on the purchase and maintenance of expensive equipment. The facility is located in the town of Abovyan, just 16 kilometers from the capital Yerevan. This strategic location ensures convenience and quick access for both local and international clients, providing a variety of solutions. -0-
11/14/2024Armenia to label dairy products to prevent buyer confusion
... green shelf will be provided, and for products containing a milk fat substitute, an orange shelf will be used. Accordingly, the veterinary certificate or label for products of animal origin and locally produced raw materials must be placed in a visible location for consumers, allowing them to identify the origin of the product or raw materials. Since there were disagreements regarding the regulations, the vote on the project was postponed for further discussion. Specialists will also be involved in ...
11/06/2024Plug and Play is already in Armenia: 10 Armenian startups will travel to Silicon Valley
... building the future of the country. Our credo is to bring innovation to anyone, anywhere, and help bring together startups, investors, entrepreneurs, universities, and large corporations," said Sascha Karimpour. He noted that Armenia is a promising location for Plug and Play. "We are one of the most active early-stage investors in the world. We invest in about 200 startups a year, and our portfolio includes around 2000 startups, 35 of which are unicorns. We always closely monitor new ecosystems,...
11/01/2024Goris school students to study French in modernized classroom (video)
... Gishyan’’ Charity Foundation together with the ‘’Armenian Sustainable Development Fund’’. The classroom equipment allows for more effective classes with approximately 350 students. "The program is very embraced because the implementation location is a school where we have quite a large number of beneficiaries. We know that French is more difficult for children, and in such a class, children learn important language skills more easily. At the moment, the children have achieved good results,...
10/23/2024Armenia serves as a natural bridge to the EAEU market for Iran - Armenian ambassador
Due to its geographical location and the opportunities it offers, Armenia serves as a natural bridge to the EAEU market for Iran, stated Armenian Ambassador to Iran Arsen Avakyan. YEREVAN, October 21. /ARKA/. Due to its geographical location and the opportunities it offers,...
10/21/2024Ameriabank presents MyBusiness.am online platform at Real Business Conference
... that will be there for us always,’ she said. Harutyunyan noted that customers can open a business account, apply for a card, get free mobile banking, get a loan, and have access to the entire toolkit of electronic payments, all from any convenient location, according to the "one-stop-shop" principle without visiting the bank. ‘Thanks to MyBusiness.am platform, every fourth customer is an online bank customer, 70% of cards are ordered through our platform, 62% of online banking is activated ...
10/19/2024Unibank launches mobile application for entrepreneurs and legal entities
... significantly simplifies and speeds up servicing of legal entities and private entrepreneurs, and makes the process of interaction with Unibank even more comfortable. The bank's business clients can quickly resolve banking issues regardless of their location, which is especially convenient for entrepreneurs who are often on the move due to the nature of their business. UNIBusiness Mobile application is available for download on App Store and Google play. To access the application, legal entities ...
10/04/2024Armenia hosts 8th UNWTO Global Wine Tourism Forum, aiming to boost economy and wine recognition
... she noted. Muradyan highlighted that international guests will visit Armenian wineries and cultural landmarks, further raising the country’s profile as a wine destination. UNWTO Secretary-General Zurab Pololikashvili described Armenia as an ideal location for wine tourism, given its deep-rooted winemaking traditions. He pointed out that 80% of forum participants were visiting Armenia for the first time and regretted not having more time to explore the country. "Armenia is a perfect place ...
09/12/2024Armenia ready for changes in logistics for dialogue with Europe and Asia simultaneously - minister
... which indicates the country's readiness for the upcoming changes in logistics and economic terms, Economy Minister Gevorg Papoyan said today. Speaking at a panel discussion at YEREVAN DIALOGUE 2024 summit, the minister stressed that Armenia's strategic location allows for an effective dialogue with both Europe and Asia simultaneously. "Armenia is located at the crossroads of Europe and Asia and has absorbed the influence of the value systems of both in economic, governance and cultural terms. In ...
09/11/2024Unibank opens renovated branch in Ashtarak
... in Ashtarak, according to a press release from the bank. YEREVAN, August 27. /ARKA/. Unibank has opened its newly renovated branch in Ashtarak, according to a press release from the bank. The branch has relocated to a more spacious and comfortable location at 1 N. Ashtaraketsi Square. This move is part of Unibank's ongoing efforts to modernize its branch network to ensure high-quality customer service. The updated and modern office is designed to provide more efficient and enhanced service to clients....
08/27/2024Armenia to co-operate with EEU countries in weather forecasting
... level of reliability of information exchange between the parties to the agreement (Armenia, Belarus, Kazakhstan, Kyrgyzstan and the Russian Federation) and contribute to better information exchange. The agreement also establishes procedures for the location, exchange and provision of information between the parties and hydrometeorological services, and strengthens administrative co-operation.-0-
08/08/2024Yerevan Municipality develops technical proposal on installation of video surveillance system in kindergartens
... necessary purchases are being made. Earlier it was reported that installation of video surveillance cameras in kindergartens of the capital will cost AMD 135 million (almost $350 thousand). Representatives of the capital authorities have studied the location and architectural plans of about 50 municipal kindergartens and decided to install 1,700 video cameras. The move comes after a video has appeared in the Armenian segment of social networks, showing a kindergarten employee shouting at a child ...
07/29/2024Trade turnover with Armenia surges from $200m to $711m - Iranian Ambassador
... Cultural and educational interaction leads to deepening friendly relations between the two nations,’ Sobhani said. According to the ambassador, relations between Iran and Armenia are of special importance because of the geographical and strategic location of the two countries. ‘As one of Iran's neighbours, Armenia shares a 46-km border with us, which is one of the most secure and stable borders and plays a vital role in strengthening regional security,’ Sobhani noted. The diplomat said that ...
07/19/2024Armenia to receive €26.2 million grant from Germany to develop biodiversity
... program, based on an agreement signed in 2018 between Armenia and the German bank KfW, will span six years. The grant will fund the creation of two protected reserves: one in the Tatev National Park in the Syunik province, and another reserve with a location yet to be confirmed, options including the Vayots Dzor province or any of the provinces in northern Armenia. Additionally, Armenia's Red Book will be updated, and management plans for the Khosrov Reserve, Lake Arpi, and the Dilijan National Park ...
07/15/2024Managers of Armenia’s banks visit OVIO data processing center
... digitization process, data volumes are growing exponentially. OVIO’s data center, equipped with modern technologies, has the ability to meet ambitious data growth needs,” Azatyan said. OVIO's data center is located in Abovyan, 16 km from Yerevan, in a location that provides convenience and quick access to both local and international clients, providing a wide range of solutions.
07/02/2024VTB (Armenia) opens renovated office in Nor Nork district of Yerevan
... Privilege zone for premium package holders. Branch N15 has been operating in Yerevan's Nor Nork neighbourhood since 2014. In order to create comfortable conditions for customers, the bank renewed the office design and expanded its area. The design and location of working areas are thought over so that visitors feel individual attitude and convenience at all stages of service. The office has two ATMs, which work round the clock, and a payment terminal, through which more than 300 banking transactions ...
06/20/2024OVIO officially launches largest and most powerful Data Processing Center in Armenia
... government institutions, giving the opportunity to save huge amounts of money necessary for purchasing expensive equipment and their maintenance. The facility is located in the town of Abovyan, only 16 kilometers from the capital Yerevan, its strategic location provides convenience and quick access for both local and international customers, providing a wide range of solutions. Considering the strategic importance for the country, the investment program of the Data Processing Center built by the company ...
05/29/2024Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora
... mortgage loans for our compatriots in the Diaspora. To buy real estate in Armenia, our compatriots in the Diaspora can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia, regardless of their country of residence and current location. YEREVAN, May 21. /ARKA/. Ameriabank offers mortgage loans for our compatriots in the Diaspora. To buy real estate in Armenia, our compatriots in the Diaspora can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia,...
05/21/2024Sati Spivakova and the Moscow Theater of Nations soon in Yerevan
... Sati Spivakova," will be on culture and cultural diplomacy as tools for international communication, fostering unity not only among individuals but also in international relations. "It was no coincidence that we chose the Cafesjian Museum - a location imbued with its own profound ideology. Gerard Cafesjian was one of the philanthropists who left a significant legacy for Armenia, setting a commendable example for others to follow. These tours serve not only a cultural and social purpose, but ...
03/26/2024Armenian project Crossroads of Peace for the sake of Middle Corridor
... very important for both countries, but added his own context. "We intend to interact with our colleagues in order for the Middle Corridor to finally use its full potential," he explained, emphasizing the importance of Armenia's geographical location for Kazakhstan.-0-
03/18/2024Major diamond industry companies warn G7 about consequences of sanctions against Russia
... implementation of restrictions on indirectly imported Russian diamonds starting from March 1. By September, a new system for verifying the origins of these gems is expected to be in place, although details regarding the verification process and its location remain uncertain. “The G7 must understand that the direction they have chosen will cause great damage to the world diamond industry. We hope that the concerns we are voicing will convince the G7 governments that an alternative solution must ...
03/04/2024Trees to be planted on 26-hectare territory along Myasnikyan Avenue in Yerevan
... Avenue is 36 hectares and about 4 hectares of the territory are occupied by illegally constructed buildings and another 7 hectares are illegally fenced. He added that the illegal constructions will be demolished. "According to experts, given the location, i.e. proximity to the city center, the creation of an urban forest on such a large territory will have a positive impact on the environment, will clean the air of the administrative districts of Nor Nork and Kentron," he said. Myasnikyan ...
02/26/2024Armenian parliament adopts bill allowing military dodgers to evade criminal liability
... reserve officers over 45 years old will be terminated. Besides, Armenian citizens who have obtained citizenship of another country after reaching the age of 27 will be exempted from service if they have previously served in the army of the country of location for 12 months or more. Otherwise, they will be able to be exempted from service on condition that they pay 2.5 million drams. ($1 - 405.49 drams).--0--.
01/16/2024Acba Bank unveils remote registration system on acba digital platform
... the biometric identification system Acba Bank has further improved the availability and convenience of financial services. Thanks to this innovation it is possible to become a client of the bank and receive banking services regardless of time of day, location or availability of a bank branch. Acba Bank will continue to present innovative, comfortable solutions not only to contribute to the development of Armenia's economy, but also to contribute through technological solutions to the development of ...
11/13/2023HSBC Armenia’s Head Office and STATUS services are moving to new address
... Armenia/Bank) announces that, effective from 6 November 2023, the Bank’s Head Office will be relocated to a new, comfortable and modern facility at the following address: 42 Paronyan street, Yerevan. HSBC Armenia’s customers are welcome to visit the new location, which offers an environment that prioritises their comfort and convenience. The Bank will also maintain its services for its customers at the 66 Teryans street, Yerevan address, which will continue operating as “Teryan” branch. Moreover,...
11/03/2023Armenian-American steel plant under construction in Yeraskh will be moved to another location- minister
... Azerbaijani exclave Nakhichevan has been repeatedly shelled by Azerbaijani troops. Two workers, identified as nationals of India, working on the site, were seriously wounded in summer and equipment and buildings were damaged as a result of cross-border fire from nearby Azerbaijani army positions. Kerobyan told reporters on Tuesday that the new location will nevertheless be located not far from the original site. ‘The process of relocation and construction is underway. The construction is carried out with private funds. Therefore, investors determine their own further steps and actions. We,...
10/31/2023Thirty buses provided to Karabakh residents who lost shelter and wish to leave for Armenia
Nagorno-Karabakh president Samvel Shahramanyan met on Sunday with citizens evacuated as a result of Azerbaijani attack from their homes and left homeless. They were accommodated near the permanent location of Russian peacekeepers in the village of Ivanyan, Nagorno-Karabakh Information Center reported. YEREVAN, September 24. /ARKA/. Nagorno-Karabakh president Samvel Shahramanyan met on Sunday with citizens evacuated as a result of Azerbaijani ...
09/24/2023With Acba Federation's assistance shipping container hotel established in Yeghegis Gorge (video)
... September 17. /ARKA/. The Arevi Hotel has comfortably nestled in the Yeghegis Gorge in Armenia's Vayots Dzor province amid impregnable rocks, thick forests and the Red Book fauna. The hotel was founded by mountaineer Gevorg Gasparyan, who did not choose the location of the hotel by chance: it is suitable for tourists to spend the night and hike in different directions. Guests who love adventure tourism come here. The hotel is one of the beneficiaries of the "Rural Tourism Development" program implemented ...
09/17/2023Paid parking areas in Yerevan to be differentiated
... disabled drivers, another color for service vehicles, and a third color for ordinary citizens," Armen Simonyan, Deputy Minister of Territorial Administration and Infrastructures, said during the discussion of the draft law. At the same time, the location of a particular parking area will affect pricing. Thus, parking in the city center will be more expensive, and cheaper in the suburbs. -0-
09/06/2023St. Petersburg to Present Its Tourism Potential at International Exhibition in Armenia
... Geography". The guests of the thematic exposition will also get acquainted with such promising types of tourism as industrial, scientific & educational, medical, and event tourism, which are actively developing in St. Petersburg today. Due to its unique location and well-developed transport accessibility, the Northern capital is also justifiably considered an ideal starting point for traveling in Russia. Thus, the authors of the project "Two Cities – a Million Impressions" offer tourists ...
09/01/2023ECHR gives Azerbaijan time until September 7 to provide information on 3 kidnapped Nagorno-Karabakh students
... about three citizens of Nagorno-Karabakh abducted on August 28 from Lachin corridor by Azerbaijani border guards, the office of Armenia's representative for international legal affairs reported. "Azerbaijan is obliged to inform the Court about the location of these persons, conditions of detention, state of health, medical care received and steps for their return," the report says. Nagorno-Karabakh human rights defender reported on August 28 that three students who were traveling to Armenia ...
08/31/2023Artsakh State Minister proposes that Russia and other actors organize meeting with Azerbaijani side in safe place
... interested international actors to organize a meeting with the Azerbaijani side to discuss security issues around Artsakh. "Since no one can guarantee the physical safety of our citizens on the territory of Azerbaijan, this meeting can take place at the location of the Russian peacekeeping forces or any other safe place - with the participation of a third party," Nersisyan said, speaking via video message. He said he is confident that the Russian Federation is able to organize such a meeting to ...
08/28/2023Latest generation geothermal hydroponic greenhouse established in Kotayk with support of Acba Bank (VIDEO)
... region for recycling tires and producing fuel used to heat the greenhouse. The friends divided the work: David takes care of the technical issues and Vahan of the administrative ones. They learn everything from their own experience. When choosing the location, they took into account that the greenhouse should be located in one of the sunniest places in Armenia. Hatisi Barikner's partner is Acba Bank, which from the very beginning believed in the idea of the two friends to create an innovative greenhouse,...
08/11/2023First Shell petrol station opens in Yerevan
... stations in Armenia, and we will see qualitative changes in the overall market,' Economy Minister Vahan Kerobyan said at the opening ceremony. According to him, the presence of this company in the country shows that Armenia is becoming an attractive location for major international investors. According to the Economy Ministry, Royal Oil LLC is the licensed representative of British-Dutch Shell Energy Corporation in Armenia. It intends to open about 25 Shell stations in the country within the upcoming ...
06/30/2023Armenian Foreign Ministry points out contradictions in Russian official’s commentary on Hakari Bridge incident
... of Armenia and invading the sovereign territory of Armenia," Armenian Foreign Ministry spokeswoman said. According to Badalyan, it is unclear why Russian peacekeepers took part in these actions in Azerbaijan, when both the purpose and even the location of the operation were clearly outside the area of their responsibility. "We would like to recall that the only function of Russian peacekeepers in the area was to keep the 5-kilometer-long Lachin corridor under control," Badalyan said....
06/22/2023Armenia plans to build SNF reprocessing complex - NPP director
... its own facility for reprocessing low- and medium-level spent nuclear fuel, General Director of the Armenian NPP Movses Vardanyan said today. "As you know, there were two units at the Metsamor NPP site, of which we operate only the second unit. A location was designated for storage of low-, medium- and high-level solid waste," Vardanyan said, speaking at a discussion on nuclear power as a means to ensure the country’s energy security and independence. He said Armenia has been building a ...
06/05/2023In partnership with Acba Bank solar power plant installed in Armenian Talin
... Bank. The Talin-2 plant, located on about 8 hectares, annually generates 10 million kWh of electricity, which is supplied to the Armenian power grid. The solar power plant was founded by Karapet Ohanyan and his friends. While looking for a suitable location, they found out that after Gegharkunik region Talin is the second settlement in Armenia with the most sunny days. There is a lot of sunshine here, which is the main condition for the development of green energy. The "smart" power plant ...
05/30/2023World Bank Group Launches Business Ready Project
... managers on their experience navigating the economy’s business environment.” Business Ready focuses on 10 topics covering the lifecycle of a firm in the course of starting, operating, or closing or reorganizing its activities: Business Entry, Business Location, Utility Services, Labor, Financial Services, International Trade, Taxation, Dispute Resolution, Market Competition, and Business Insolvency. Over the next three years, the project will grow to cover about 180 economies worldwide annually, starting ...
05/05/2023Armenian serviceman lost his way in fog ending up on Azerbaijani-controlled territory - Defense Ministry
....m. on March 21, when the serviceman was delivering food by car to a military outpost. The incident was blamed on poor visibility and fog. "Search and rescue operations were immediately launched and steps are being taken to confirm the soldier's location in Azerbaijani-controlled territory and his return," the ministry said. -0-
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