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USAID has invested about $1.3bn in Armenia - Armenia Mission Director

... into a democratic nation. Regardless of who is in power, we have tried to work with both the authorities and citizens. We seek to establish a dialogue between the authorities and the people of Armenia,’ he said. Speaking about assistance to civil society and media, Allelo said that USAID seeks to bring the voice of the people to the authorities, to establish this dialogue so that the government can determine which programs are important to the citizens. ‘In terms of media, it is very important ...

12/14/2024


Converse Bank has become an official signatory of the UN Principles for Responsible Banking

... industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). The Principles are the leading framework for ensuring that banks’ strategy and practice align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks who have signed the Principles commit to be ambitious in their sustainability strategies, working to mainstream and embed sustainability ...

12/09/2024


Yerevan faces public transport collapse: City Hall reveals reason for drivers' strike

... employees of the city's public transport organization must notify at least 14 days in advance before starting a strike. Furthermore, they are required to ensure that minimal conditions are maintained during the strike to meet the essential needs of society. "The actions mentioned above will be assessed in accordance with labor legislation. The mayor's office will contact the relevant authorities to provide an appropriate criminal-legal assessment of these actions," Kostanyan warned. -0-

12/03/2024


Staking on super-app and dividends: TelCell declares investors' interest in company's shares

... economy, as well as individuals. ‘That was the goal - to have individual investors, because if investments were made by several groups of people in large lots, the volume of free turnover would not be ensured and the goal of attracting broad layers of society would not be achieved,’ she explained.  Transforming into a marketplace  ‘Our main aim is to develop the fintech sector. We intend to direct cash (turnover) towards cashless one, and in this context to develop online tools as much as possible,...

11/04/2024


Armenia's selection to host COP17 reflects growing trust from the international community, - Armenian MFA

... largest environmental events. They are organized every two years, during which member states work to develop appropriate mechanisms for implementing the Convention and adopt new commitments. The conferences are widely attended by representatives of civil society, including non-governmental organizations, indigenous peoples, academia, women's organizations, youth, and the private sector. -0-

11/01/2024


Armenia to deal with the issue of employment and housing of Artsakh refugees

... regard,’ Mirzoyan said. The Minister stated that Armenia's policy is that if there are no means or opportunities for the Artsakh residents to return to their homes, Armenia should make every effort to ensure the integration of these people into the society of the Republic of Armenia - help them find housing, jobs and stay in Armenia. -0-

10/02/2024


Neither Russia nor CSTO reacts to attacks on Armenia's internationally recognised borders - Mirzoyan

... secret - stability should be a priority and the processes that can happen should be well calculated and should be manageable in terms of risks,’ he emphasised. According to Mirzoyan, this brings Armenia closer to the EU and the US. ‘In the context of society's values, we are closer to the EU, Western countries, but in the context of security, psychologically the people of Armenia used to associate themselves with Russia. Now the second component has collapsed and the people do not see any other reason ...

10/02/2024


"Green Portfolio": ethical and profitable investment

... ‘green’ your portfolio. What is ‘green investment’? ‘Green’ investment - investing in environmentally friendly projects - is one of the aspects of the ESG concept. It consists in supporting businesses that improve the state of nature and society. The main principles are ‘encoded’ in the abbreviation: E - Environmental (care for the environment), S - Social (development of society), G - Governance (ethical management, transparency of schemes, respect for employees). ‘Green’ investing ...

10/02/2024


We should focus on complete transformation of public services: Pashinyan on the digital transformation of Armenia

"In order to build a "digital society" and a developed economy, we decided to anchor our digital architecture on two important principles - trust and security. YEREVAN, October 1. /ARKA/. "In order to build a "digital society" and a developed economy, we ...

10/01/2024


U.S. Government announces $20,600,000 support to Armenia to bolster cyber, border, and energy security and strengthen resilience

... (USAID) “Democracy Delivers” event on the sidelines of the UN General Assembly, Secretary of State Antony Blinken and USAID Administrator Samantha Power, in partnership with the Ford Foundation, convened fellow government leaders, philanthropic partners, and civil society to increase support to Armenia and other countries experiencing democratic openings around the world. Working with Congress, USAID and the U.S. Department of State announced $20 million for Armenia to bolster cyber, border, and energy security ...

09/26/2024


Armenia represented for the first time at the Future Green City global conference in Utrecht

... of gardens in the post-Soviet countries, the film aims to clarify the public's demands for green spaces in the city. It looks at what kind of parks residents want to see, what amenities and business units can meet the needs of different segments of society. This film, created by Green Rock, consists of interviews with community activist groups. Green Rock's presentation was attended by leading industry experts: urban planners, architects and government officials from the Netherlands, UK, Philippines ...

09/26/2024


Mantashyants Entrepreneurs Union speaks against installing cameras at business entities

... clarity regarding the procedure for monitoring, storing and using data, which, in turn, can cause many problems.  Mantashyants Entrepreneurs Union proposes to suspend the promotion of the amendments and take into account the above-mentioned concerns of society in the revised amendments,” the statement reads. -0-

09/20/2024


Armenian-Azerbaijani contradictions should not harm relations with Russia - Zakharova

... of either Baku or Yerevan with Russia, said Russian Foreign Ministry spokesperson Maria Zakharova. "We understand whose task this is, we understand who is behind this - the West. Mutual accusations do not benefit either Armenian or Azerbaijani society," said Zakharova. She accused "Westerners" of using the situation to destabilize the region and harm Russia. -0-

09/20/2024


Society

08/26/2024


Russian Foreign Ministry: Moscow interested in Yerevan, Baku signing peace treaty as soon as possible

... support both sides across all aspects of the trilateral agreements reached from 2020 to 2022. "This package of agreements also includes issues related to border delimitation and demarcation, unblocking transport communications, and developing civil society contacts. We also welcome the efforts of our neighbors, such as Kazakhstan, in this area," she added.

08/22/2024


EIB Global signs first direct loan agreement with Armenian Acba bank

... priorities of the European Union: the European Green Deal, the Global Gateway and jobs, and sustainable and inclusive growth. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society, in close cooperation with other multilateral development banks. EIB Global brings the EIB Group closer to local people, companies and institutions through our offices around the world including the EIB Regional Representation for the South Caucasus ...

07/31/2024


US interested in transport route through Armenia, Azerbaijan bypassing Russia, China

... guaranteed Armenia's security after the 2020 war with Azerbaijan and long before that but turned its back on Armenia when Azerbaijan reclaimed the territory of Nagorno-Karabakh. This has led to significant dissatisfaction, with the majority of Armenian society wanting to move away from Russia. The US is facilitating conditions for this shift. O'Brien reiterated US firm support for the peace efforts by the Armenian Prime Minister and the Azerbaijani President to achieve peace. He noted that Russia wants ...

07/31/2024


Euromoney recognises Acba Bank as the best bank in Armenia according to ESG criteria

... criteria’. Euromoney has recognised Acba Bank as the best ESG bank in Armenia, taking into account the stable growth of its loan portfolio and the increase of its share in ESG, the implementation of relevant educational programmes in the bank and in the society, as well as the development of ESG policy in the bank's strategy. Taking into account the best international practices, Acba Bank has developed and will soon introduce its own procedures for issuing ‘green’ loans and will use them to define ...

07/23/2024


US Department of State Under Secretary Zeya to visit Armenia

... and anti-corruption; media freedom and freedom of expression; and inclusion of marginalized and vulnerable groups, the Department of State stated in a media note. In Armenia, Under Secretary Zeya will meet with senior government officials and civil society representatives on strengthening the US-Armenia partnership and advancing Armenia’s democratic gains on rule of law, anti-corruption, and judicial reform. She will visit the Armenian Genocide Memorial to pay respects to the victims of the 1915 ...

07/10/2024


Pashinyan: Freedom House reports help government promote reforms

... Behrendt, director for Europe and Eurasia programs of the international human rights organization Freedom House, the Armenian government reported on Thursday. Pashinyan emphasized the cooperation and dialogue between the Armenian government and the civil society which contributes to the effective implementation of democratic reforms in various fields. Armenia’s leader noted that Freedom House's reports also provide an important impetus to the government in promoting reforms. The Prime Minister emphasized ...

06/27/2024


Yerevan Gastronomic Days is not only about new food culture in Armenia, but also about future

... Manukyan said in an exclusive interview with Novosti-Armenia news agency that the collaboration of Gastronomic Days and the competition was to show the whole spectrum of mastering culinary skills from beginners to masters. According to her, Armenian society must realise that any great journey begins with the first step. "Armenia has the potential to become a hub of culinary festivals between East and West. Perhaps the young chefs participating in our chef competition will one day receive Michelin ...

06/20/2024


Armenia’s government approves €15 million worth of EU aid for Artsakh refugees

... forcibly displaced persons from Nagorno-Karabakh on Thursday. “This program, signed in Q1 2024, aims to aid Armenia's social and economic stability, addressing the short-term, mid-term and long-term needs of the refugees, integrating them into our society,” Deputy Prime Minister Mher Grigoryan said. Grigoryan noted that allowances will be distributed among the refugees to cover their daily needs, such as utility bills and rent. Azerbaijan launched a full-scale invasion of Nagorno-Karabakh on ...

06/20/2024


Bagrat Galstanyan: Tavush for Homeland to remain on streets

... Tavush for Homeland opposition movement will remain on the streets, its leader Bagrat Galstanyan said on Wednesday. “Our core idea hasn’t changed. There will be protests. We shall become the movement that dictates the agenda and we’ll address the society with all inner and outer challenges that our country is facing,” he said at a press conference. Galstanyan also noted that the movement is ready for political cooperation with all sorts of political powers. The Tavush for Homeland movement has ...

06/19/2024


Yerevan hosts US-Armenia Local Democracy Forum

... community; the city of Scranton, Pennsylvania, and Armavir community; and the state of Michigan and Tavush province. Following the opening session of the Forum, participants will discuss democracy building at the local level through cooperation with civil society and free media, transparency and accountability, election integrity, constituent engagement and other areas. On the second day of the Forum on June 18, delegates will travel to Gyumri, meet with municipal officials, visit the Gyumri Technology ...

06/17/2024


U.S. Deputy Secretary of State for Management and Resources Richard R. Verma to visit Yerevan June 17-19

... Diplomacy Nina Hachigian, who leads the new subnational diplomacy team at the State Department, and Special Representative for Commercial and Business Affairs Sarah Morgenthau. The delegation will engage across the public and private sector and with civil society organizations. U.S. Assistant Secretary of State James O’Bien was visiting Armenia June 10-12. -0-

06/14/2024


USA and Armenia to upgrade status of bilateral dialogue to Strategic Partnership Commission

... at fostering judicial impartiality, integrity and independence. The delegations discussed planned programming to support victims and witnesses and ensure access to justice. The United States will continue to support the development of a robust civil society and independent media environment to further strengthen Armenia’s democratic institutions and increase transparency. Both sides emphasized the importance of respecting human rights and fundamental freedoms, and the rule of law and pledged to ...

06/12/2024


U.S. Assistant Secretary of State James C. O’Brien to visit Armenia June 10-112

... and dignified peace agreement between Armenia and Azerbaijan, including the use of the Alma Ata declaration as a basis for border delimitation. Assistant Secretary O’Brien will also meet with members of the business community and will engage civil society.-0-

06/08/2024


‘Stop threatening us’: Alen Simonyan responds to Galuzin's allegations

... joining any strategic alliance. He called the allegation that Westerners are given access to any information bases absurd. "Stop talking to us in such rhetoric, stop threatening us - directly or indirectly. [...] This has no effect on our country's society, it has the opposite effect,’ Simonyan added. In March this year, Armenian Prime Minister Nikol Pashinyan said that Armenia had not created any problems in its relations with the CSTO. He said problems emerged when Yerevan raised the issue of ...

06/07/2024


Ardshinbank is the financial partner of the "Palaces of Saint Petersburg in Yerevan" international music festival

... and Armenia will be on Armenia’s main musical venues’ scene. While talking about the event, chairman of the management board of Ardshinbank Artak Ananyan said, " We support culture as it fosters a mutual interaction between Ardshinbank and society, transmitting essential human values. Thus, we view this as a strategic investment in the future of Armenia." Answering to the question, why it was decided to held the festival this year in Armenia, the festival art director, famous Russian ...

06/06/2024


IMF Deputy Regional Director on improving outlook for Armenia's economy and its development potential

... 12% - labour market engagement is a positive trend. The question at the moment is solely how to sustain these trends. Armenia still has certain development needs, so that this growth is more inclusive, participatory and broad-based, so that the whole society benefit from it. Therefore, going forward, the focus should be not only on the macroeconomy, but also on structural reforms that will boost productivity and attract investment to add dynamism to the private sector. As a result, Armenia will be ...

06/06/2024


Joint Armenian-Japanese expedition discovers prehistoric cattle camp in Armavir province

... Cyprus, Japan and Italy. Archaeologists and historians from the Tokai University in Japan and the Armenian National Academy of Sciences have been exploring prehistoric locations in Armenia together since 2017. These works are sponsored by the Japan Society for the Promotion of Science, the Armenian National Academy of Sciences, and the Areni-1 Cave Consortium.

05/24/2024


Warren Buffett: strategist, forecaster or lucky guy

... important to calm down, accept the fact that you made a suboptimal step and understand the reasons. -It is this approach that minimizes risks and mistakes in the future. You should strive for a big income only in order to use it to positively influence society and help others, the entrepreneur said. At the same time, Buffett himself donates significant sums to charity. The "secrets" of investing Although Buffett has an image of a man with incredible intuition, in reality, his decisions are ...

05/24/2024


Armenian army factor is important for security guarantees, but it is not the only one - Security Council Secretary

... comprehensive security doctrine. The army plays an important role, but it is not only about the army. Other institutions should also act efficiently enough in supporting the army and ensuring security,” Grigoryan said. According to him, the entire Armenian society should bear responsibility in this context, and this is the change that should take place in our thinking. “We are intensively reforming the army, looking for partners in the issue of arms supplies. As you know, in the last few years we have ...

05/21/2024


Papikyan expressed condolences to Iranian Defense Minister on the death of President Raisi and other officials

..., Friday Imam of Tabriz Mohammad Ali Ale Hashem and several other dignitaries crashed in the evening of May 19 in the mountains in the Dizmar forest area between the villages of Uzi and Pir Daoud in northwestern Iran. The head of Iran's Red Crescent Society, Pir Hosein Kolivand, said all passengers and crew of the helicopter were killed. The crash occurred on the way from Azerbaijan to the Iranian city of Tabriz. The helicopter burned down completely. -0-

05/20/2024


Armenian Foreign Minister expresses condolences to the people of Iran over helicopter crash

... Malek Rahmati, Friday Imam of Tabriz Mohammad Ali Ale Hashem and several other dignitaries crashed он Sunday in the mountains in the Dizmar forest area between the villages of Uzi and Pir Daoud in northwestern Iran. The head of Iran's Red Crescent Society, Pir Hosein Kolivand, said Monday morning that all passengers and crew of the helicopter were killed. The crash occurred on thes way to the city of Tabriz. The helicopter burned completely, and work to identify the bodies is underway right at ...

05/20/2024


Armenian Prime Minister Nikol Pashinyan expresses condolences on the death of Iranian President

... their entourage. I express my support to the government and the people of the Islamic Republic of Iran and wish them strength and steadfastness in this difficult time,” the Armenian Prime Minister's message reads. Head of the Iranian Red Crescent Society Pir Hosein Kolivand said on Monday morning that all passengers and crew of the helicopter were killed. The crash occurred on its way to the city of Tabriz. The helicopter was completely burned and work is underway at the scene to identify the ...

05/20/2024


EBRD and USAID to develop connectivity in the South Caucasus

... connectivity with Europe and among South Caucasus countries. Other cooperation priorities focus on expanding investments in carbon-free energy opportunities and advancing policy and governance reforms to combat corruption and expand engagement with civil society. The MoU was signed by EBRD Vice President, Banking, Matteo Patrone , and Erin Elizabeth McKee, Assistant Administrator in the Bureau for Europe and Eurasia at USAID, on the margins of the EBRD’s Annual Meeting and Business Forum taking place ...

05/16/2024


Male and female paths in investing. Is there a "battle of the sexes" in the financial market

... due to a more conservative approach. Investing and values Women are more likely than men to be guided by the principles of socially responsible investing. The concept is to invest in companies that care about the environment, have a positive impact on society, and use fair and transparent management mechanisms. Their activities may be related, for example, to environmental projects or the development of medicine. If an organization stops supporting important projects, violates financial and corporate ...

05/15/2024


UN Assistant Secretary General, Deputy Head of UNDP arrives in Armenia

... Simonian to launch a new parliamentary democracy program, and will also hold meetings with the Deputy Prime Minister and Deputy Foreign Minister of Armenia. Discussions will be held with the UN country team, diplomatic corps, development partners and civil society representatives. Ivana Živković will familiarize herself with UNDP projects in Gegharkunik, Tavush, Ararat, Vayots Dzor and Syunik and meet with the beneficiaries. Ivana Živković assumed her duties in September 2022. Prior to her appointment,...

05/06/2024


Blinken personally deeply engaged in Armenia-Azerbaijan topic - State Department

... to believe that a peace and – is possible here. And that’s something that we’re going to continue to work towards,’ Patel said. He also said that the United States is deeply troubled by the continuing arrests of members of Azerbaijani civil society, most recently Anar Mammadli. ‘And we urge the Azerbaijani Government to immediately release all individuals who are unjustly detained,’ he said. During the April 28 telephone call, Armenian Prime Minister Nikol Pashinyan discussed with Blinken ...

05/01/2024


Unilateral concessions will not ensure security - ex-Armenian Foreign Minister criticizes Yerevan-Baku border agreement

... lines are being destroyed and roads are being opened for future aggressive actions," he said Monday at a press conference called by the founders of the All-Armenian Council of Diplomats NGO. Ayvazyan noted that the authorities want to convince the society that delimitation and demarcation of the border will become an additional factor of security and stability. He pointed out that many countries do not have clearly demarked borders with their neighbors and it is not perceived as a factor of threat ...

04/22/2024


EU seeks to deepen cooperation with Armenia: Ambassador Maragos on new partnership program

... euros were provided to Armenia within the framework of the EU assistance program. Out of them 120 million euros were directed to the realization of more than 35 projects in Syunik region of Armenia (investments in infrastructure, development of civil society, increase of employment and transition to "green economy"). --0--

04/04/2024


Security issues remain priority for Armenia, it counts on EU support - Simonyan

... support from all EU member states," Simonyan said, speaking at the 11th session of the Euronest Parliamentary Assembly. According to him, despite the security challenges in recent months, Armenia remains steadfast in its determination to build a society that fully reflects 'our values that we share with the EU.' "We welcome the EU's commitment to deepen our cooperation and look forward to updated partnership priorities that reflect our joint approaches," Simonyan said. He also thanked ...

03/21/2024


Armenian PM proposes public discourse on Armenia's application for EU candidate status

... support. 'Welcoming this resolution, I believe that it should become a subject of public discourse in Armenia. It is an occasion to discuss the vision of Armenia's future, and I hope that political forces, public organizations, different layers of the society will express their opinions on the message voiced by the EU, because such messages need a wider reaction than the government or the parliamentary majority,' Pashinyan said. He said his government desires to continue working on further deepening ...

03/14/2024


Program of joint budgeting of projects proposed by community residents launched in Armenia

... informing, presentation of projects, preliminary assessment of proposals, implementation and reporting. "A citizen registers on the community's website and after undergoing identification he/she can submit his proposals in person or through civil society representatives for placing on the website. The committee in charge of organization of participatory budgeting checks the proposal against the criteria established by the community's management. The projects that meet all criteria are published ...

03/13/2024


Armenia to extend 50 thousand drams support program for Nagorno-Karabakh refugees

... it until the end of the year. At the end of the year we will think about what to do next," he said. Referring to the government-subsidized housing program, Pashinyan noted that if it involves only Karabakh refugees it would trigger tensions in society. "There are Armenian citizens with the same problem. We want to develop a program that will be available to Armenian citizens as well," he stressed.-0-

03/12/2024


Armenian PM: no concept and text yet on new Constitution

... 'what is going on and for what.' At the same time, he noted that rumors have reached him that the referendum will be held this year or next year. "Unfortunately, we are too late. It is practically impossible. At this stage, my task is to talk to society on this topic," Pashinyan said. When asked whether the new Constitution will refer to the Declaration of Independence, the prime minister did not give a clear direct answer. On January 19, Pashinyan said that Armenia needs a new Constitution,...

03/12/2024


Armenia deepens relations with EU and US, preserving traditional ties - Foreign Minister

The people of Armenia have chosen the democratic path to build, to develop the society and we have proven this choice several times, through elections, but also through the process of strengthening our democratic institutions, and in this process we saw that the European Union, for instance, the United States of America, they are ...

03/11/2024


Doing Digital Forum Returns Featuring Brett King as Keynote Speaker

... this field,” Artak Hanesyan, CEO of Ameriabank, says. Through keynote presentations, engaging panel discussions, and international case studies, DDF24 will touch on topics including: digital transformations across different sectors of economy and society, new financial technologies, future banking, talent acquisition in the digital era, AI applications in banking, the rise of fintech companies, and the future of banks. The forum will also highlight successful digital transformation initiatives,...

03/05/2024


Armenia and EU set to deepen cooperation, says Ambassador Maragos

... both sides, Head of the EU Delegation to Armenia, Ambassador Vassilis Maragos said in an interview with Armenian Public Television. He said this is the position of all EU member countries, its structures, and all stakeholders – businesses and civil society and also the position of the Armenian government and Armenian people. Noting that joint work on the development of cooperation is currently underway, Ambassador Maragos recalled that last October the European Parliament asked the EU institutions ...

03/01/2024


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