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Lydian Armenia donates 12.5 per cent of its shares to Armenian government
Lydian Armenia, a company that has been granted license to develop the Amulsar gold mine in the country’s Vayots Dzor region, has donated 12.5 per cent of its shares to the government. YEREVAN, 28 December. /ARKA/. Lydian Armenia, a company that has been granted license to develop the Amulsar gold mine in the country’s Vayots Dzor region, has donated 12.5 per cent of its shares to the government. The agreement to ...
12/28/2024Armenia to receive €12.9m grant from European Commission to ensure nuclear safety
The Armenian government on Friday approved a draft presidential decree on approval of the financial agreement with the European Commission on strengthening nuclear safety and improving radiation protection and radioactive waste management . YEREVAN, 27 December. /ARKA/. The Armenian government on Friday approved a draft presidential decree on approval of the financial agreement with the European Commission on strengthening nuclear safety and improving radiation protection and radioactive waste management . The agreement envisages ...
12/27/2024Armenian government amends loan agreement with EDB on allocation of $200 million from ESDF for construction of Kajaran tunnel
On Friday, the Armenian government approved the proposal to sign an additional agreement No. 1 to the agreement between the Republic of Armenia and the Eurasian Development Bank (EDB) on the provision of an investment loan in the amount of $200 million to finance the construction ...
12/27/2024Benefits for highly qualified specialists to be reduced in Armenia
At a meeting on Friday, the Armenian government approved a decision to extend the program for subsidizing leasing contracts and loans for industry until December 31, 2025. This program, which was in effect from March 26, 2020, to December 1, 2024, includes a component for compensating the ...
12/27/2024Armenian government imposes six-month ban on whitefish caviar exports
Armenia has imposed a 6-month ban on the export of whitefish caviar. The decision was made at a government meeting on Friday. YEREVAN, December 27. /ARKA/. Armenia has imposed a 6-month ban on the export of whitefish caviar. The decision was made at a government meeting on Friday. “This decision is based on the need to ensure food security ...
12/27/2024Armenia recovers 5 billion AMD of illegally acquired property
Illegally acquired property worth 5 billion drams has been returned to Armenia in a short period of time, said Srbuhi Galyan, Minister of Justice of the country. YEREVAN, December 27. /ARKA/. Illegally ... ... mechanisms. We have managed to achieve significant results in a much shorter time,” Galyan said at a press briefing following a government meeting. The minister specified that there are about 120 criminal cases in the courts related to the return of property,...
12/27/2024Armenia to extend subsidy program for industry leasing and loans
At a meeting on Thursday, the Armenian government approved a decision to extend the program of subsidizing leasing contracts and loans for industry until December 31, 2025. The program had previously been in effect from March 26, 2020, to December 1, 2024. YEREVAN, December 27. /ARKA/....
12/27/2024Armenia to revamp benefits system placing focus on employment
The Armenian authorities are planning to change their approach to providing benefits to the working-age population. YEREVAN, ... ... working-age population. These plans were announced by Armenia's Minister of Labor and Social Affairs, Narek Mkrtchyan, at a government meeting during the discussion of the “Employment Strategy for 2025-2031”. In particular, the minister stated that ...
12/27/2024Armenia approves Employment Strategy for 2025-2031
On Thursday, the Armenian government approved the Employment Strategy for 2025-2031, with the main goal of combating unemployment. YEREVAN, December 27. /ARKA/. On Thursday, the Armenian government approved the Employment Strategy for 2025-2031, with the main goal of combating ...
12/27/2024Biometric system to operate in Armenia from second half of 2026 – Minister of Internal Affairs
A new biometric system, including new biometric passports and ID cards, is planned to be introduced in Armenia, according to Armenian Minister of Internal Affairs Arpine Sargsyan. YEREVAN, December 27. /ARKA/. A new biometric ... ..., and it is anticipated that the biometric system will be launched in the second half of 2026. On August 8 of this year, the government approved a decision to issue new-format ID cards and biometric passports to Armenian citizens. At that time, Arpine ...
12/27/2024Dilijan to be transformed into a major tourist hub
An attractive tourism environment should be created in Dilijan, said Armenian Economy Minister Gevorg Papoyan. YEREVAN, December 26. /ARKA/. An attractive tourism environment should be created ... ... be elevated to a completely different level. In this regard, further infrastructure investments are of great importance. The government is also investing through subsidy programs,” Papoyan noted, speaking the day before in Dilijan at the discussion ...
12/26/2024Armenia short of 200 billion drams in tax revenues in 2024 - Finance Ministry head
During a press conference on the results of 2024, Armenian Finance Minister Vahe Hovhannisyan stated that the inability to implement capital expenditures was due to a shortfall ... ... Additionally, the minister mentioned that the expenditure portion of the 2025 budget is 150 billion drams less than planned under the government’s medium-term expenditure program. According to him, this is due to the government's focus on priority areas and ...
12/25/2024Ardshinbank Finances the Construction of an Innovative Greenhouse Facility
... YEREVAN, December 25. /ARKA/. A new greenhouse complex has been launched with the financing of Ardshinbank and the subsidy of the Government of Armenia. The opening of the first phase of the Nouveau Village project took place on December 23 in the village of Nor Geghi, ... ... microclimate necessary for plant growth. The project fully complies with the international GLOBAL G.A.P. system, which ensures safety standards for agricultural products. “Ardshinbank welcomes such innovative business projects. The funds invested by the ...
12/25/2024New system for assessing insecurity being developed in Armenia
A new system for assessing insecurity is being developed in Armenia, which is one of the key institutional reforms of the Ministry of Labor and Social Affairs, said the head of the department,... ... years constantly makes people dependent on the state in terms of social support and does not encourage work. The goal set in the government program to eliminate extreme poverty by 2026 includes the introduction of a new system for assessing insecurity, which ...
12/25/2024Armenian Ministry of Internal Affairs withdraws mass video surveillance installation project
Armenian Ministry of Internal Affairs has withdrawn the draft law on the installation of video surveillance systems by business ... ... this approach, the Ministry of Internal Affairs of Armenia will be granted access to the video surveillance systems of local government bodies and state agencies," the ministry said in a statement. The Ministry expressed its readiness to organize ...
12/24/2024Armenia and US discuss direct flights and “Crossroads of Peace” project
The new Minister of Territorial Administration and Infrastructure, David Khudatyan, and the US Ambassador to Armenia, Kristina Kvien discussed the implementation of joint Armenian-American programs. YEREVAN, December 24. /ARKA/. The ... ... process of implementing several joint programs was reviewed. The conversation covered cooperation in the energy sector, local government initiatives, and the “Crossroads of Peace” project, with the ambassador expressing her support," the press ...
12/24/2024New greenhouse farm worth 9 million euros established in Armenia
A new greenhouse farm "Nouveau Village" has opened in Armenia. YEREVAN, December 23. /ARKA/. A new greenhouse farm " Nouveau Village " has opened in Armenia. The construction of the greenhouse began in 2023, with government subsidies and financing from Ardshinbank. According to the press service of the Armenian Ministry of Economy, the total cost of the project was 9 million euros. The greenhouse spans 5 hectares, with plans to expand to 18 hectares. This expansion ...
12/23/2024Yerevan's public transport revolution: What passengers can expect in 2025
... ticket sales points will open in Yerevan, Yerevan Municipality Press Secretary Hayk Kostanyan said in an interview with Novosti-Armenia news agency on Friday. YEREVAN, December 20. /ARKA/. Next week, public transport ticket sales points will open in ... ... disabilities. Free transport for children from orphanages and residents of retirement homes, as well as individuals receiving government benefits and assistance. 20% discount for heroes of the former USSR, Social Labor heroes, national heroes of Armenia,...
12/20/2024Zangezur Copper and Molybdenum Combine may offer Armenian government's stake in IPO - Pashinyan
The Armenian government's stake in the Zangezur Copper and Molybdenum Combine (ZCMC) may be put up for an IPO, Armenian Prime Minister Nikol Pashinyan said at a government meeting on Thursday. YEREVAN, December 20. /ARКА/. The Armenian government's stake in ...
12/20/2024Armenia agrees with Turkey on assessment of requirements for crossing the border on Gyumri-Kars railway - Mirzoyan
Driven by the firm belief that regional dialogue is key to establishing mutually beneficial collaboration, the Government of Armenia has introduced the "Crossroads of Peace" initiative, Armenian Foreign Minister Ararat Mirzoyan said in a speech at the 49th Meeting of the Black Sea Economic Cooperation organization’s Council of Ministers of Foreign Affairs. (BSEC ...
12/20/2024Yerevan is constructive towards OSCE MG dissolution, but wants to make sure Baku has no territorial claims - Pashinyan
Armenian Prime Minister Nikol Pashinyan answered a question about the country's position on the idea of dissolving the OSCE Minsk ... ...,' Pashinyan said. Therefore, according to him, the return of the people there is the internal matter of Azerbaijan, and the government of Armenia has nothing to do or discuss here, besides the matters that it is already discussing with Azerbaijan. 'I ...
12/19/2024Dutch rose growing company to invest AMD 7.5bn i in Armenia
... invest 7.5 billion drams to expand a greenhouse complex for growing Dutch roses. YE REVAN, 19 December. /ARKA/. The ROZ ART Company has pledged to invest 7.5 billion drams to expand a greenhouse complex for growing Dutch roses. Based on this, the Armenian government at a session on Thursday exempted the company from paying import duties. The greenhouse, 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 ...
12/19/2024Armenian government allocates AMD 31.8bn for subvention projects in regions in 2024
Armenian Minister of Territorial Administration and Infrastructure David Khudatyan told a government session on Thursday that a total of AMD 31.8 billion will have been allocated by the government for implementation of subvention projects in the regions of the country. YEREVAN, 19 December. /ARKA/. Armenian Minister of Territorial Administration ...
12/19/2024Armenian government establishes benefit for import of 2 thousand tons of butter
The Armenian government decided at a meeting on Thursday to implement a tariff preference for butter imported from EAEU countries. YEREVAN, December 19. /ARKA/. The Armenian government decided at a meeting on Thursday to introduce a tariff preference for butter ...
12/19/2024Armenia to change rules for conscription in case of illness
At a meeting on Thursday, the Armenian government adopted a draft amendment to the methodology for assessing health status when conscripting individuals for military service. YEREVAN, December 19. /ARKA/. At a meeting on Thursday, the Armenian government adopted a draft amendment to the ...
12/19/2024Armenian government endorses economic agreement with Hungary
The Armenian government approved an agreement on economic cooperation with Hungary at a meeting on Thursday. YEREVAN, December 19. /ARKA/. The Armenian government approved an agreement on economic cooperation with Hungary at a meeting on Thursday. As stated in ...
12/19/2024Pashinyan: Armenia must give up second hand as humanitarian aid
During a government meeting, Armenian Prime Minister Nikol Pashinyan stated that legislative changes must be introduced to stop sending aid in the form of used goods to Armenia. YEREVAN, December 19. /ARKA/. During a government meeting, Armenian Prime Minister Nikol Pashinyan ...
12/19/2024David Arushanyan appointed new governor of Armenia's Shirak region
The Armenian government decided at a meeting on Thursday to appoint David Arushanyan to the vacant position of governor of the Shirak region. YEREVAN, December 19. /ARKA/. The Armenian government decided at a meeting on Thursday to appoint David Arushanyan to ...
12/19/2024About $14 million invested in modernization of Shirak airport in Armenia
Armenia - International Airports CJSC has invested about $14 million in the modernization of Shirak airport in Gyumri. YEREVAN,... ... Airports CJSC has invested about $14 million in the modernization of Shirak airport in Gyumri, the press service of the Armenian government said following Prime Minister Nikol Pashinyan's visit to the new departure hall of the airport. It is noted that the ...
12/19/2024IMF: Armenia's 2025 budget well-balanced
Armenia's 2025 state budget is appropriately balanced between maintaining macroeconomic stability and addressing priority expenditures,... ... essential to reducing fiscal risks, particularly those associated with state-owned entities, public-private partnerships, and government guarantees," he said. In the state budget of Armenia approved on December 4, the state budget revenues amount ...
12/18/2024Dalan Technopark and OVIO sign memorandum of co-operation
... 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 ... ... company. OVIO's corporate customers are many large enterprises in Armenia, including banks and other financial institutions, government agencies, telecommunications companies and major international organisations. In May 2024, the company put into commercial ...
12/17/2024Armenia faces financial trilemma – State Revenue Committee Head
Eduard Hakobyan, the head of Armenia's State Revenue Committee, stated that Armenia is facing a trilemma that many countries are experiencing. YEREVAN,... ... drams (of which 2.7 trillion drams are current expenditures, and 734 billion drams are capital expenditures). Additionally, the government debt-to-GDP ratio is forecasted at 54.3%. ($1 = 393.82 drams).
12/17/2024New Armenian ambassador to France presents credentials to President Macron
Armenian Ambassador Extraordinary and Plenipotentiary to France Armen Khachatryan presented his credentials to President Emmanuel ... ... 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 partnership....
12/14/2024USAID has invested about $1.3bn in Armenia - Armenia Mission Director
The United States Agency for International Development (USAID) has invested about $1.3 billion in Armenia since the country's independence, USAID Armenia Mission Director John Allelo said. YEREVAN, 14 December. /ARKA/. ... ... resilience, and developing social inclusion with the focus on legal reforms, promoting anti-corruption activities, assisting the government in promoting the democratic agenda, and social inclusion. According to him, USAID is now implementing a total of 32 ...
12/14/2024Armenian Economy Minister shares plans to develop Amulsar gold mine after EDB withdraws from the project
Armenian Economy Minister Gevorg Papoyan shared today plans regarding the restart of the Amulsar gold mine after the Eurasian ... ... threats from the operation of the mine, and the likely risks could e controlled if appropriate measures are taken. The Armenian government is to own 12.5% of the company and provide insurance for the transaction against certain risks. Neighboring communities ...
12/12/2024Armenia extends housing program for retired military
Retired military personnel in Armenia who need housing will continue to receive apartments with state support. This decision was made at a meeting of the government on Thursday. YEREVAN, December 12. /ARKA/. Retired military personnel in Armenia who need housing will continue to receive apartments with state support. This decision was made at a meeting of the government on Thursday. This program ...
12/12/2024Armenian government dissolves Gyumri Council of Elders
The Armenian government decided at a meeting on Thursday to suspend the activities of the Council of Elders in Gyumri. YEREVAN, December 12. /ARKA/. The Armenian government decided at a meeting on Thursday to suspend the activities of the Council of Elders in ...
12/12/2024Passage on Armenia's longest bridge allowed again
Traffic on Nor-Hachin Bridge, the longest bridge in Armenia, which spans the Hrazdan Gorge, has been resumed, the Road Department reported. YEREVAN, 11 December. /ARKA/. Traffic ... ... the Road Department reported. Traffic on the bridge had been closed since 20 August due to a major overhaul financed by the government. The repair is still ongoing, the Road Department said. The bridge has a total length of 640m and a width of 14.5m ...
12/11/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
... European Union, in collaboration with Galt & Taggart and Ameria Management Advisory, are launching a program to support the Armenian capital market, valued at approximately 500,000 euros. YEREVAN, December 11. /ARKA/. The European Bank for Reconstruction ... ... unlike the bond market. We likely need to find innovative solutions and attract instruments from financial institutions and the government. This is currently under discussion, and I cannot disclose the details yet," said Jrbashyan. EBRD optimistic about ...
12/11/2024Unblocking communications will restore region's role: Armenian speaker on talks with Azerbaijan
Armenia is actively engaged in negotiations with Azerbaijan to unblock transport infrastructures. YEREVAN, December 11. /ARKA/.... ... significantly contribute to security and stability both within the region and beyond," Simonyan said. He stated that the Armenian government, guided by this vision, introduced the “Crossroads of Peace” initiative. This program, as part of our peace agenda,...
12/11/2024EU allocates €1.5m grant to Armenia to help Nagorno-Karabakh refugee
The European Union has provided the Armenian government with a grant of 1.5 million euros to meet the needs of the refugees from Nagorno-Karabakh, the press service of the EU Delegation to Armenia reports. YEREVAN, 10 December. /ARKA/. The European Union has provided the Armenian government ...
12/10/2024Central Bank head disagrees that MiCA-like regulation of cryptocurrencies could scare away potential investors
The head of the Central Bank of Armenia Martin Galstyan disagrees with claims that MiCA-style cryptocurrency regulation could scare away potential investors. ... ...,’ Galstyan said. The Central Bank Chairman also said that the draft law on regulation of this sphere has been sent to the government. 'It is planned to hold another meeting on it, after which it will be sent to the Parliament for consideration and ...
12/10/2024Armenia to receive $100m from World Bank for creation of tourism clusters
The World Bank plans to provide $100 million to Armenia for the creation of tourism clusters, Armenian Minister of Economy Gevorg Papoyan said at a meeting with the founder and ... ... of development of Armenia's tourism industry and new opportunities of international cooperation. The Minister noted that the government plans to develop the potential of the sector through systematic investments and expansion of infrastructures. He emphasised ...
12/10/2024Canada supports Yerevan's efforts to normalise relations with Baku - special envoy
Armenian Prime Minister Nikol Pashinyan received today Stéphane Dion, Special Envoy of the Prime Minister of Canada to the European ... ... institutional capacities, and the implementation of reforms in the judicial and legal sphere are of strategic importance for the Government of the Republic of Armenia. Stéphane Dion noted that Canada welcomes the steps of the Government of the Republic of ...
12/06/2024Armenia temporarily bans export of iron and non-alloy steel to third countries
On Thursday, the Armenian government imposed a 6-month ban on the export of iron and non-alloy steel to third countries. YEREVAN, December 5. /ARКА/. On Thursday, the Armenian government imposed a 6-month ban on the export of iron and non-alloy steel to third countries. ...
12/05/2024EDB lowers Armenia's GDP growth forecast for 2024 to 6%, but raises it for 2025 to 5.5%
The Eurasian Development Bank (EDB) has revised its forecast for Armenia's GDP growth, lowering it for 2024 from 7.5% to 6%, while raising its forecast for 2025 from 4.2% to 5.5%. ALMATY (Kazakhstan),... ... is actively expanding due to stable growth in lending to the population (22.9% y/y in October) and the execution of planned government spending in the fourth quarter of 2024. According to the results for January-September, household consumption grew ...
12/05/2024Armenian Finance Minister assesses risks to 2025 budget
Armenian Finance Minister Vahe Hovhannisyan assessed the risks that could threaten the implementation of the 2025 state budget.... ... said on Public Television of Armenia. According to him, for example, there were issues with tax collection this year, but the government was able to mitigate them using reserves Touching upon the measures to overcome the challenges, Hovhannisyan outlined ...
12/05/2024Argishti Mekhakyan appointed new governor of Armavir region
Argishti Mekhakyan has been appointed as the new governor of Armenia's Armavir region. YEREVAN, December 5. /ARKA/. Argishti Mekhakyan has been appointed as the new governor of Armenia's Armavir region. The decision was made during a meeting of the Armenian government on Thursday. His predecessor, David Khudatyan, was earlier appointed as Minister of Territorial Administration and Infrastructure of the Republic of Armenia, replacing Gnel Sanosyan.-0-
12/05/2024Armenia to tighten taxation of online casinos - PM
The Armenian government is preparing several more bills to tighten taxation of online casinos, Prime Minister Nikol Pashinyan said in parliament on Wednesday, responding to an opposition MP's statement that "the authorities are providing protection to local bookmakers....
12/05/2024Pashinyan considers current fight against corruption ineffective
The fight against corruption in Armenia is currently not effective enough, Prime Minister Nikol Pashinyan said. YEREVAN, 4 December. /ARKA/. The fight against ... ... of all. That is, the one who engages in corruption should be caught and punished, which is correct,' Pashinyan said during a government Q&A session in Parliament on Wednesday. However, he said, it is important that trustworthiness is not an after-the-fact ...
12/04/2024Search result 1 - 50 of 15677
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