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Pashinyan to Macron: Armenia-France relations have reached important milestone, transforming into strategic partnership
Armenian Prime Minister Nikol Pashinyan sent a congratulatory message to the President of the French Republic, Emmanuel Macron, on his birthday, Pashinyan's press office reported. YEREVAN, December 21. /ARKA/. Armenian Prime Minister Nikol Pashinyan ...
12/21/2024Air transportation between Armenia and Russia increased by 12% in 2024 - Mher Grigoryan
The passenger and cargo transportation between Armenia and Russia by air increased by 12% in 2024 compared to the previous year, said Armenian Deputy Prime Minister Mher Grigoryan. YEREVAN, December 20. /ARKA/. The passenger and cargo transportation between Armenia and Russia by air increased ...
12/20/2024Trade turnover between Russia and Armenia doubles to $10.2 billion - Overchuk
Trade turnover between Russia and Armenia in the first 10 months of 2024 reached $10.2 billion, which is twice as much as in the whole of 2023, Russian Deputy Prime Minister Alexei Overchuk said at a meeting of the Russian-Armenian intergovernmental commission on economic cooperation ...
12/20/2024World Bank names main factor for slowdown in Armenia's economic activity growth in October
Economic activity growth in Armenia slowed to 4.2% (year-on-year) in October from 7% in September, led by the services sector (excluding trade), which slowed from 11.6% (year-on-year) in September to 5.2% in October, mainly due to slowdown in hotel services, according to World Bank's ...
12/20/2024Accor Group Partners with Technotun to Bring Pullman to Armenia for the First Time
Accor, a world-leading hospitality group, has signed an agreement with Technotun, a major real estate operator in Armenia, to bring the pioneering Pullman brand to the nation’s capital city. YEREVAN, December 20. /ARKA/. Accor, a world-leading hospitality group, has signed an agreement with Technotun, a major real estate operator in Armenia, to bring the pioneering ...
12/20/2024Two Gyumri residents detained while trying to pay with counterfeit banknote: one was posing as a woman
In Gyumri, the second largest city in Armenia, police officers detained two local residents who tried to pay for a taxi with counterfeit banknotes. YEREVAN, December 20. /ARKA/. In Gyumri, the second largest city in Armenia, police officers detained two local residents who tried to ...
12/20/2024Yerevan's public transport revolution: What passengers can expect in 2025
Next week, public transport 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 Yerevan, Yerevan Municipality Press Secretary Hayk Kostanyan said in an interview with Novosti-Armenia news agency on Friday....
12/20/2024Armenian delegation leaves for Moscow for economic cooperation talks with Russia
The Armenian delegation will participate in the 23rd session of the intergovernmental commission on economic cooperation between Armenia and Russia in Moscow. YEREVAN, December 20. /ARКА/ The Armenian delegation will participate in the 23rd session of ...
12/20/2024Illegal alcohol and cigarette trafficking uncovered in Armenia (VIDEO)
The State Revenue Committee (SRC) of Armenia has uncovered cases of illegal circulation of beverages and tobacco products, the press service of the agency reported. YEREVAN, December 20. /ARKA/. The State Revenue Committee (SRC) of Armenia has uncovered cases of illegal circulation of ...
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 ...
12/20/2024Armenia-Greece and Armenia-Greece-Cyprus defense cooperation programs for 2025 signed in Athens
Bilateral consultations between Armenia and Greece, as well as trilateral consultations involving Armenia, Greece, and Cyprus on defense issues, took place yesterday in Athens, according to the press service of the Armenian Defense Ministry. YEREVAN, December 20. /ARKA/. Bilateral ...
12/20/2024Epidemiologist evaluates the risk of a “mild covid” epidemic in Armenia
The “mild COVID epidemic” that recently began in Russia does not pose any threat to Armenia and will not have catastrophic consequences, said Aida Hovhannisyan, an epidemiologist at the National Center for Disease Control and Prevention of the Ministry of Health, in an interview with Novosti-Armenia news agency. YEREVAN, December ...
12/20/2024In case of signing peace treaty with Azerbaijan, the idea of withdrawal of mutual lawsuits is acceptable to Armenia - Pashinyan
... be constructively engaged in the discussions around the peace treaty with Azerbaijan, and we have conveyed proposals on the two outstanding articles of the peace treaty to Azerbaijan for more than a month now, and we haven’t yet had a response,” Armenian PM Nikol Pashinyan said Thursday in an interview with Armenpress news agency. YEREVAN, December 20. /ARKA/. “We continue to be constructively engaged in the discussions around the peace treaty with Azerbaijan, and we have conveyed proposals ...
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 Group, the only internationally-mandated format that was set up to help resolve the Nagorno-Karabakh conflict. YEREVAN,...
12/19/2024Pashinyan says there is constructive mood in Armenian-Azerbaijani border delimitation process
Armenia and Azerbaijan have ratified regulations for their border delimitation commissions , which means that the delimitation process should continue, Armenian Prime Minister Nikol Pashinyan said. YEREVAN, 19 December. /APKA/. Armenia and Azerbaijan ...
12/19/2024Armenian PM explains to Azerbaijani President why Yerevan is arming itself
Armenian Prime Minister Nikol Pashinyan responded today to Azerbaijani President Ilham Aliyev's accusations that Armenia is buying non-defensive weapons in order to attack Azerbaijan. YEREVAN, 19 December. /ARKA/. Armenian Prime Minister Nikol Pashinyan ...
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 ...
12/19/2024From superfast internet to intercom systems and security: Fnet Telecom (VIDEO)
Fnet Telecom, which has a 15-year history and provides fixed communication services in 7 regions of Armenia and all over capital city Yerevan, has been re-equipped with the support of its partner Acba Leasing Company, Acba Bank's press service reports. YEREVAN, 19 December. /ARKA/. Fnet Telecom, which has a 15-year history and provides fixed communication ...
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 ...
12/19/2024Yerevan hotels recognised as most comfortable in OneTwoTrip rating
... 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. ‘The most comfortable hotels can be found in Yerevan, Armenia: they scored 8.8 out of 10. Guests often mention that they feel at home in Yerevan hotels thanks to the hospitable staff and beautiful cosy interiors,’ the service said. Also in the top were Budapest, Hungary (8.6), Guangzhou, China (8.5), Abu ...
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 ...
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 ...
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 ...
12/19/2024Unibank named best bank for high-net-worth individuals in the CIS
...," Mesrop Hakobyan noted. The WEALTH Navigator Awards are not the first prestigious recognition Unibank has received. Last year, the bank was honored with the Euromoney Global Private Banking Award in the category of Best Domestic Private Bank in Armenia. The trust of clients further affirms the evaluations from the professional community. In 2024, assets under Unibank Privé management increased by 52% compared to the previous year. Interest in the premium service provided by Unibank is steadily ...
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 ...
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, December 19. /ARKA/. Armenia - International Airports CJSC has invested about $14 million in the modernization of Shirak ...
12/19/2024Armenian Consulate General in Aleppo to resume work from 19 December - Foreign Ministry
The Armenian Consulate General in the Syrian city of Aleppo will resume its work from December 19, the Armenian Foreign Ministry said on Wednesday. YEREVAN, 18 December. /ARKA/. The Armenian Consulate General in the Syrian city of Aleppo will resume ...
12/18/2024Another meeting of Armenian and Azerbaijani commissions on border delimitation may be held soon - Armenian Deputy Prime Minister
The next meeting of Armenian and Azerbaijani commissions on border delimitation may be held in the near future, Armenian Deputy Prime Minister Mher Grigoryan said today, but did not specify its venue and date. YEREVAN, 18 December. /ARKA/. The next meeting of Armenian ...
12/18/2024Armenia and Iran discuss expanding cooperation in tourism
Armenian Economy Minister Gevorg Papoyan discussed prospects for cooperation in the tourism sector with a delegation led by Iranian Minister of Cultural Heritage, Tourism, and Handicrafts Seyed Reza Salehi-Amiri on Wednesday, the press service of the ...
12/18/2024Acba Leasing offers 0.5% interest rate for purchase of construction, production and warehouse equipment
Metatech, the official representative of the Toyota Material Handling brand, is the only company in Armenia specialized in the maintenance and sale of warehouse equipment and packaging equipment. YEREVAN, December 18. /ARKA/. Metatech, the official representative of the Toyota Material Handling brand, is the only company in Armenia specialized ...
12/18/2024IMF outlines measures to boost Armenia's economic resilience and growth
... structural reforms will support sustainable and inclusive growth. Ongoing efforts to increase labor market participation, particularly among youth, women, and vulnerable groups, are crucial," he said. Earlier, the IMF Resident Representative in Armenia, Umang Ravat, presenting the Caucasus and Central Asia: Economic Outlook and Policy Challenges report, stated that the country's economy has the potential for annual growth of up to 5.5% over the next five years, until 2028, provided that structural ...
12/18/2024Armenian prosecutor general to confiscate 1.7 billion drams and property from ex-accounts chamber head
The Prosecutor General's Office of Armenia intends to confiscate nearly 1 billion 723 million drams from Levon Yolyan, the former head of the Accounts Chamber, the agency reports. YEREVAN, December 18. /ARKA/. The Prosecutor General's Office of Armenia intends to confiscate nearly ...
12/18/2024IMF: Armenia's 2025 budget well-balanced
Armenia's 2025 state budget is appropriately balanced between maintaining macroeconomic stability and addressing priority expenditures, including refugee integration and high security spending, according to IMF Deputy Managing Director and Acting Chairman ...
12/18/2024IMF forecasts economic growth slowdown in Armenia
The IMF predicts a slowdown in Armenia’s economic growth in the medium term, though there is potential for increased growth capacity. YEREVAN, December 18. /ARKA/. The IMF predicts a slowdown in Armenia’s economic growth in the medium term, though there is potential for increased ...
12/18/2024Papikyan and Lecornu discuss Armenia-France defense cooperation
Armenian Defense Minister Suren Papikyan met with French Armed Forces Minister Sébastien Lecornu on Tuesday to discuss current aspects of bilateral cooperation in the defense sector, according to the press service of the Armenian Defense Ministry. ...
12/18/2024Smuggling of 25 thousand boxes of cigarettes from Iran stopped in Armenia (VIDEO)
Armenia’s State Revenue Committee (SRC) said its officers have uncovered another attempt of smuggling a large consignment of cigarettes. YEREVAN, 16 September. /ARKA/. Armenia’s State Revenue Committee (SRC) said its officers have uncovered another ...
12/17/2024Dalan Technopark and OVIO sign memorandum of co-operation
... been launched between these companies to develop IT infrastructure. The aim of the partnership is to join forces to create better working conditions for the IT sector,’ the technopark's press office said. In developing the techno-sector and making Armenia more attractive for global giants, both the privileges granted by the state and ensuring conditions in the buildings in accordance with international standards, as well as secure data processing and storage play an important role. The first and ...
12/17/2024Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board
... development of the financial sector in Central, Eastern, and Southeastern Europe, the Caucasus, and Central Asia. It supports the transfer of financial know-how, products, and solutions to regional banks. Converse Bank is a rapidly growing universal bank in Armenia, serving individuals, businesses, and institutions with a comprehensive range of financial products and services. Its extensive network includes 33 branches and cutting-edge mobile and online banking platforms, designed to meet the evolving needs ...
12/17/2024Armenia and UAE to strengthen trade, tourism, and tech ties
Armenian Foreign Minister Ararat Mirzoyan met on Tuesday with Anwar Gargash, the diplomatic adviser to the President of the United Arab Emirates, according to the press service of the Foreign Ministry. YEREVAN, December 17. /ARKA/. Armenian Foreign ...
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, December 17. /ARKA/. Eduard Hakobyan, the head of Armenia's State Revenue Committee, stated that Armenia is facing a trilemma ...
12/17/2024Armenian Ex-Gen. staff chief faces confiscation of $250K and $1.4M in property
The Prosecutor General's Office of Armenia is seeking the confiscation of over 97.37 million drams (approximately $247,000) and six properties with a combined market value of more than 545.68 million drams (around $1.38 million) from Artak Davtyan, the former Chief of the General Staff ...
12/17/2024Armenia recommended for Christmas getaway by Express
The British publication Express named Armenia a great destination for travelers from the UK, particularly during the Christmas season. YEREVAN, December 17. /ARKA/. The British publication Express named Armenia a great destination for travelers from the UK, particularly during the Christmas ...
12/17/2024Armenia and Iran's Isfahan discuss jewelry cooperation
Armenian Deputy Minister of Economy Edgar Zakaryan met with a delegation from Isfahan, led by Mohsen Talay Minai, Executive Director of the Isfahan Gold and Jewelry Export Consortium and Chairman of the Board of the Isfahan Gold, Jewelry, Silver, and ...
12/17/2024About 15% of Armenia's labour resources underutilized: employment strategy for 2025-2031 presented
Unemployment in Armenia has both seasonal and structural character, says the employment strategy for 2025-2031 prepared by the Ministry of Labour and Social Affairs. YEREVAN, 16 December. /ARKA/. Unemployment in Armenia has both seasonal and structural character,...
12/16/2024Armenia's trade turnover with EEU countries in January-October exceeded $11bn. - Ministry of Economy
Armenia's trade with Eurasian Economic Union’s (EEU) member states exceeded the threshold of $11 billion in the first 10 months of 2024, against $3.4 billion for the whole of 2023, Armenian Deputy Economy Minister Narek Hovakimyan said on Monday. ...
12/16/2024Converse Bank has been included in the list of Confirming Banks of the EBRD TFP
... finance by becoming a confirming bank under the EBRD TFP. The respective agreement between the EBRD and Converse Bank was signed on 14th November 2024. “Confirming Bank status is highly significant for us in terms of stimulating trade financing in Armenia and the entire region”, noted Converse Bank’s Chief Financial Officer, Deputy CEO Grant Akopian. Mr. Akopian added: “As a confirming bank for the EBRD TFP, Converse Bank will leverage its expertise in trade finance and its extensive network ...
12/16/2024EDB expects Armenia's refinancing rate cut cycle to end in H1 2025
The Eurasian Development Bank (EDB) expects Armenia's refinancing rate cut cycle to end in H1 2025 as inflation approaches the Central Bank’s target range (3% +/- 1%). YEREVAN, December 16. /ARKA/. The Eurasian Development Bank (EDB) expects Armenia's refinancing rate cut cycle to end in ...
12/16/2024Armenia 4th in popularity for Russians' New Year Holidays
Armenia ranked 4th in the list of the most popular New Year holiday destinations for Russians, according to a study by the airline ticket booking service “Aviasales”. YEREVAN, December 16. /ARKA/. Armenia ranked 4th in the list of the most popular ...
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