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Stillborn peace and national mobilization: Experts on Aliyev's threats to Armenia"

... Response Commenting on Aliyev's statements, Armenian Prime Minister Nikol Pashinyan noted that Baku might be trying to "legitimize" the escalation in the region, emphasizing that Armenia will not follow this path but will adhere to a peaceful strategy and consistently continue to implement the peace agenda. Regarding the statements calling Armenia a fascist state, Pashinyan pointed out that, first, they are aiming for a response along the lines of "you yourself are a fascist," and ...

01/08/2025


Armenian PM comments on Aliyev's threats: Baku is trying to "legitimize" the escalation

... the dissemination of false information about ceasefire violations by the Armenian army to create a 'justification' for a new escalation in the region," Pashinyan said. He stated that Armenia would not follow this path and would adhere to a peace strategy, continuing to implement its peace agenda consistently. "This means that we will not use the language of aggression, but the language of dialogue. We will continue to focus on demarcation, agreeing on the text of the peace treaty, implementing ...

01/08/2025


Armenia to revamp benefits system placing focus on employment

... planning to change their approach to providing benefits to the 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 when an application for benefits is submitted, the possibility of employment will be considered first, followed by the issue of providing benefits. "We have about 30,000 working-age ...

12/27/2024


Armenia 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 unemployment. Armenian Minister ...

12/27/2024


Armenian Minister of Internal Affairs reports 2.2% reduction in crime rate over 11 months

... sector focus on two main areas: the development of institutions and the establishment of standards. She explained that the work on crime prevention is hindered by the lack of a unified national approach to the issue. “A comprehensive crime prevention strategy would allow us to address these issues in a multi-layered way. Some crimes are connected to changes in the country’s economy and other sectors,” she said, adding that efforts in this direction will intensify in 2025. At the same time, the ...

12/27/2024


VTB (Armenia) supports the concert of jazzman Levon Malkhasyan

... country. Accompanied by the State Jazz Orchestra and the Pop and Symphony Orchestra of the Public Radio, the jazz musician performed world-renowned works and original compositions. "Support for cultural initiatives is an integral part of the bank's strategy within the framework of social responsibility, allowing us to contribute to the development of the country’s cultural life. We are honored to support such talented musicians as Levon Malkhasyan, who is a living legend of Armenian jazz," ...

12/25/2024


New system for assessing insecurity being developed in Armenia

... without benefits due to specific circumstances will remain in the system, the head of the Ministry of Labor noted that such cases will be analyzed, and decisions will be made about the need for continued assistance. He also mentioned that a new Employment Strategy, which will outline specific goals, will be approved at the next government meeting. "I’ll present a concerning figure: there are about 130,000 young people aged 18-29 who are neither working nor studying. We must focus on retraining or ...

12/25/2024


Eastern Horoscope for 2025: Year of the Snake – A Time for Change

... favorable for finances and careers. Year of the Snake Birth years — 1953, 1965, 1977, 1989, 2001, 2013 A successful and fruitful year awaits you. As your sign represents the symbol of the year, trust your intuition and make bold, ambitious plans. The best strategy will be steady and consistent progress toward your goal. The Snake will have the opportunity to outpace competitors and impress management with innovative ideas and effective work methods. Avoid drawing unnecessary attention to yourself; it is ...

12/18/2024


About 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, says the employment strategy for 2025-2031 prepared by the Ministry ...

12/16/2024


Ameriabank Presents EventHub.am: a Streamlined and User-Friendly Ticketing Solution

... featuring enhanced solutions and offering various benefits to the Bank customers. About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In line with its Digital Transformation Strategy, the bank continually introduces and enhances innovative products, services and platforms designed to meet the evolving financial and non-financial needs of its customers. Ameriabank, as a dynamically growing fintech space, offers seamless solutions ...

12/11/2024


Children's health, education, science: interim results of voting on "My Ameria, My Armenia" project announced

... Ameriabank website. Voting is open until December 31st. About Ameriabank Ameriabank is a leading financial and technological institution and one of the key players in the economic sector of the Republic of Armenia. As part of its digital transformation strategy, the Bank introduces and continuously enhances unique products, services, and innovative platforms designed to meet both the financial and non-financial needs of individuals. As a rapidly growing fintech environment, Ameriabank offers comprehensive ...

12/10/2024


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

... single framework for a sustainable 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 ...

12/09/2024


Ameriabank named the Bank of the Year 2024 in Armenia by The Banker Magazine

... their operational and financial achievements, the award-winners have been acknowledged for addressing environmental and social concerns, both internally and in their interactions with clients, underscoring the importance of a meaningful sustainability strategy for the success of each lender in every country. In its selection, The Banker’s panel of international judges suggests the year 2024 has been a pivotal for Ameriabank, as it joined The Bank of Georgia Group PLC, while still maintaining its ...

12/05/2024


Ameriabank Named Armenia’s Best Bank for Real Estate by Euromoney

... share and a loan portfolio exceeding AMD 285 billion as of September 30, 2024. About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In line with its Digital Transformation Strategy, the bank continually introduces and enhances innovative products, services and platforms designed to meet the evolving financial and non-financial needs of its customers. Ameriabank, as a dynamically growing fintech space, offers seamless solutions ...

11/29/2024


Ardshinbank Successfully Completes Acquisition of HSBC Armenia

... for Ardshinbank to acquire a significant participation in HSBC Armenia. Thus, the transaction was officially completed following the successful migration and integration of systems and databases. To integrate HSBC Armenia into the Ardshinbank group, a strategy focused on ensuring a transition with minimal changes was adopted, prioritizing customer convenience above all. After the transition, HSBC Armenia customers will continue to be served at the same branches by the same staff. Guidelines for activating ...

11/29/2024


EBRD expected to approve Armenia Country Strategy in first quarter of 2025

... officials, development partners, with Central Bank Governor, with the Mayor of Yerevan and private sector players to learn more about the challenges and opportunities. I was accompanied by team of EBRD specialists who are key to designing our next country strategy. 'So, our discussions with the key stakeholders were integral to the forthcoming Armenia Country Strategy, which we anticipate to present to our Board for approval in the first quarter of 2025. The strategy will be the ‘roadmap’ for our investment ...

11/26/2024


EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)

... officials, development partners, with Central Bank Governor, with the Mayor of Yerevan and private sector players to learn more about the challenges and opportunities. I was accompanied by team of EBRD specialists who are key to designing our next country strategy. So, our discussions with the key stakeholders were integral to the forthcoming Armenia Country Strategy, which we anticipate to present to our Board for approval in the first quarter of 2025. The strategy will be the ‘roadmap’ for our investment ...

11/26/2024


Ameriabank joins EngageArmenia2024 Forum UAE to present a special offer for Diaspora Armenians

... information: promotion@repatarmenia.org . About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets exceeding AMD 1 trillion. In line with its Digital Transformation Strategy, the bank continually introduces and enhances innovative products, services, and platforms designed to meet the evolving financial and non-financial needs of its customers. As a dynamically growing fintech space, Ameriabank offers seamless solutions ...

11/20/2024


Armenia to launch new unified emergency number

The Armenian government approved a draft strategy for police reforms for 2024-2026 during its meeting on Thursday Yerevan, November 15. /ARKA/. The Armenian government approved a draft strategy for police reforms for 2024-2026 during its meeting on Thursday "To ensure prompt and efficient ...

11/15/2024


Frequent power outages concern Armenians: PSRC head candidate proposes solutions

Mesrop Mesropyan, candidate for head of Armenia’s Public Services Regulatory Commission, outlined his strategy for resolving frequent power outages and enhancing the performance of Electric Networks of Armenia CJSC. Yerevan, November 15. /ARKA/. Mesrop Mesropyan, candidate for head of Armenia’s Public Services Regulatory Commission, outlined his ...

11/15/2024


Armenia to attract $100 million from WB to create 10 tourism clusters - Minister

... provinces,’ he said at budget discussions in parliament. According to Papoyan, this specifically concerns the communities of Goris, Yeghegis, Areni, Jermuk, Aparan, Gyumri, Dvin, Dilijan, and Sevan. In response to a question about the tourism development strategy, Papoyan stated that it has not yet been approved and is currently undergoing active discussions. The Armenian authorities view tourism as a strategic priority for long-term development. The development of a draft five-year tourism strategy is ...

11/04/2024


Armenia's security strategy is based on legitimacy- Pashinyan

... delimitation process. It states that the process will be based on the 1991 Alma-Ata Declaration, in which the newly independent former Soviet republics recognised each other's Soviet-era borders, unless otherwise agreed. ‘We have adopted a security strategy. It should be based on legitimacy, and we are following this strategy,” Pashinyan told the parliament, saying also it is worthy of high praise. ‘By doing so, we have recorded the beginning of delimitation of Armenia's legitimate territories,...

10/23/2024


Venture capital: the most exciting investments

... at the start-up stage and is not yet profitable, investors do not rely on actual performance, but on an assessment of the team, the idea and its potential. Here it is important to meet the founders in person and discuss the details of the business (strategy, service, financing).  Features of a promising project: - Interesting product for the audience - Optimal business model - Unique technology that is difficult to copy - A competent team that believes in its startup In addition, the pre-investment ...

10/22/2024


Armenian Deputy PM to travel to Moscow for EEC Council meeting

... the Eurasian Economic Commission (EEC). There are about a dozen issues on the agenda of the meeting, including the establishment of the rate of import customs duty on a number of goods, the implementation of the Action Plan for the implementation of Strategy-2025, synchronisation of norms with the list of goods not subject to international postal services, the draft Agreement on the admission of brokers and dealers of one member state of the EAEU to participate in trading of exchanges (trade organisers) ...

10/17/2024


Armenian women earn around 30 percent less than men for the same work, according to the World Bank’s new assessment

... the labor force”, said Carolin Geginat, World Bank Country Manager for Armenia. “Achieving gender parity in labor force participation alone could increase Armenia’s level of GDP by 4 to 6%. Ensuring equal wages should be an essential part of a strategy that encourages women to enter the workforce. Today, women are paid only around 70% of the hourly wage paid to a man in the same occupation.” The report also highlights that men's enrollment in higher education remains stagnant at around 44% ...

10/16/2024


Armenia aims to triple solar energy production by 2030 – parliament speaker

... least 15% of the country's energy balance from renewable sources, Parliament Speaker Alen Simonyan said. ‘Renewable energy is one of Armenia's key priorities. With 270 sunny days a year, our country can make solar energy a central part of its energy strategy. Switching to clean energy reduces our dependence on fossil fuels and reduces also greenhouse gas emissions, contributing to sustainable development,’ Simonyan said, speaking at the discussions on the margins of the 149th Assembly of the Inter-Parliamentary ...

10/15/2024


How to invest in shares and make profits: a guide from Unibank Invest

... in investing in equities. If you go back to the Magnificent Seven example, the returns on those stocks over three years are huge - tens if not hundreds of per cent.  So if we are talking about investing, you have to do it for the long term, choose a strategy depending on your risk profile. The employees of Unibank Invest can also help with this and, depending on the client's goal, choose the strategy that suits him specifically, so that he invests his money correctly. ARKA - How do economic news ...

10/10/2024


UNFPA Regional Director to visit Armenia to discuss support for strengthening demographic resilience

... from 8 to 10 October 2024. This landmark visit underscores the United Nations Population Fund’s commitment to supporting the Government of Armenia and other partners in strengthening demographic resilience and implementing Armenia’s new demographic strategy, and addressing pressing challenges related to sexual and reproductive health, gender equality, and youth empowerment. During the visit, Ms. Bauer will engage in high-level discussions with government officials, parliament members, the Human ...

10/07/2024


Ameriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of Gifts

... Ameriabank. Follow the link for more details. About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets exceeding AMD 1 trillion. In line with its Digital Transformation Strategy, the bank continually introduces and enhances innovative products, services, and platforms designed to meet the evolving financial and non-financial needs of its customers. As a dynamically growing fintech space, Ameriabank offers seamless solutions ...

10/03/2024


"Green Portfolio": ethical and profitable investment

... reflected in their demands. Because of the trend towards sustainability, the market share and importance of green companies is increasing. Even investors, for whom the ethical side of business is not a top priority, should take this into account in their strategy. In our article, we look at market trends and ways to properly ‘green’ your portfolio. What is ‘green investment’? ‘Green’ investment - investing in environmentally friendly projects - is one of the aspects of the ESG concept. It ...

10/02/2024


New 5-year tourism development strategy being worked out in Armenia

Armenia is in the process of finalizing a 5-year tourism development strategy, Deputy Minister of Economy Narek Hovakimyan said. YEREVAN, September 30. /ARKA/. Armenia is in the process of finalizing a 5-year tourism development strategy, Deputy Minister of Economy Narek Hovakimyan said. Speaking at the panel discussion ...

09/30/2024


The Komitas Museum-Institute, with the support of the MESCS of the Republic of Armenia and Ardshinbank, opened the exhibition "Paris Meetings"

... Museum-Institute laid flowers at Vardapet’s grave and took part in a solemn funeral service. Speaking about the event, Ardshinbank’s Director of Corporate Business, Armen Gasparyan, in particular, said: "As part of its corporate social responsibility strategy, the bank places great emphasis on supporting the arts and preserving the nation's cultural heritage. We have implemented various cultural projects in partnership with the Ministry of Education and Science of Armenia, the Spendiaryan National ...

09/27/2024


Armenian government approves draft state budget for 2025, economic growth is planned at 5.6%

... 2025 at a meeting on Thursday, according to which the country's economic growth is planned at 5.6%.  As stated by the Armenian Minister of Finance Vahe Hovhannisyan, the budget for next year has been formed taking into account the revised expenditure strategy for 2025-2027.  "For 2025, the Gross domestic product (GDP) volume is projected at 11 trillion 50 billion drams, economic growth at 5.6%, GDP deflator index at 3.5%, average inflation at 3.5%. State budget revenues are planned at 2 trillion ...

09/26/2024


What is IPO and whether it is possible to make money on it

... quotations help to evaluate the business and make comparisons with other issuers; - the circle of people who know about the company expands; - the level of trust among investors increases. How to go public The process of going public starts with a review of strategy and rebuilding internal ‘mechanisms’, which can take several years. Next, the company needs to find an underwriter - an intermediary who will conduct a comprehensive valuation, determine the number of shares to be issued and when trading ...

09/24/2024


Pashinyan: Armenia's independence is a platform for ensuring the security and freedom of citizens on its internationally recognised territory

... international rules. In this process, we have made mistakes and had failures, but by reaching the brink of losing independence in 2020, we received a real opportunity to put the theoretical thesis of the durability of our state on practical rails with the strategy of Real Armenia. Dear people, dear citizens of the Republic of Armenia, Yesterday, today and tomorrow is the independence referendum. Every day is a referendum on Independence and each of us makes a choice every day. The referendum question is ...

09/21/2024


State orders worth 171 billion drams placed at Armenian military-industrial complex enterprises - Minister

... approximately 2,500 specialists are registered in the register of the domestic military-industrial complex.   "A program for the development of the military industry is already in effect. We hope that in the near future we will also be able to develop a strategy; the relevant work has already begun," noted Hayrapetyan. According to him, in the first eight months of 2024, as a result of the added value generated in the military industry of Armenia, taxes in the amount of 6 billion drams were paid,...

09/19/2024


Iran’s Trade Center to be opened in Armenia

... Industry, Mine and Trade and Economy Minister of Armenia in the presence of businesspersons and CEOs of Iran's largest industrial centers. In addition to offering the exhibition services in the field of providing marketing and research services, the strategy of entering the lucrative market of Armenia and the Eurasian Economic Union (EAEU), the center will pave suitable ground for the financial transfer, providing logistics and transportation services, legal advice, tax and customs services. -0-

09/19/2024


Pashinyan emphasizes importance of Armenia's relations with France

... Armenian Prime Minister Nikol Pashinyan at a meeting today with French Minister of Europe and Foreign Affairs Stephane Sejourne emphasized the importance of development of relations with France, including in the areas of security and economy.  “Our strategy is that we want to strengthen and enhance our sovereignty, independence, our statehood, and of course we very much appreciate France's support on this path,” Pashinyan was quoted as saying by the press service of the government.  The Prime ...

09/16/2024


Analysing the company: a guide for the investor

... agencies analysing country risks.      For long-term investing - 10 years or more - business correlation with market ups and downs is not a key indicator. In such a case, stocks overcome several cycles and volatility is smoothed out. In a buy-and-hold strategy, it is important to choose issuers that will remain competitive in the future. This should be based on the company's performance and the investment attractiveness of the sector. Select an industry Check the websites of your local stock exchanges ...

09/12/2024


Saving a large amount of money: mission achievable

... need to understand what should be in your beautiful future - for example, a house or capital that allows you not to work - and save specifically for these goals.   - Overly ambitious plans. Factor your realistic capabilities and commitments into your strategy. Creating savings is a way to improve your life, not bring discomfort. Try to think rationally and do not set yourself impossible or impractical goals. If the difference between your income and expenses is insignificant, is it worth it to aim ...

09/04/2024


Ardshinbank receives necessary approvals for acquiring HSBC Armenia

... Following the preliminary approval by the Central Bank, Artak Ananyan, Chairman of the Management Board of Ardshinbank, stated: "The successful completion of this transaction will mark a crucial milestone in the execution of Ardshinbank's long-term strategy, with the primary objective being the initial public offering of Ardshinbank shares in international capital markets". About Ardshinbank Ardshinbank is the leading Bank in Armenia with a diversified universal banking offering including retail ...

08/27/2024


Harmful tips for novice investors, or how to stay out of earnings for sure

... when you have no money to spare is too risky and impractical. If you manage to make a profit right away - which is also not guaranteed - you will have to pay commissions to brokers and managers, repay your debt or repay your loan. Even an effective strategy does not exclude short-term drawdowns. So, in case of market losses, you risk finding yourself in a debt trap. More trades - more profits The over-motivated novice investor follows the belief ‘the more active you are, the higher the chances ...

08/27/2024


Landlocked Armenia must make the best use of human resources - ADB head in Armenia (exclusive)

... with Armenian Prime Minister Nikol Pashinyan in November 2023 that ADB was ready to expand the range of joint projects implemented in our country. Could you tell us, please, what kind of projects are he meant? D. Lambert - ADB, while developing the strategy of cooperation with Armenia, distinguishes three main directions. The first one is development of the private sector, which, first of all, means direct financing of companies, ensuring an appropriate environment, which includes strengthening ...

08/01/2024


Armenian government establishes company to oversee new nuclear power plant construction

... nominal value of 10,000 drams each), the country’s Minister of Territorial Administration and Infrastructure Gnel Sanosyan announced on Thursday. All shares of the new company are state-owned. Sanosyan revealed that in line with the energy development strategy, a new power unit of at least equal capacity must be built next to the current nuclear power plant by 2040, following the end of its operational life. The new company will be established to organize this process in accordance with IAEA recommendations....

08/01/2024


Yerevan responds to Baku's accusations of preparing for war - Foreign Ministry statement

... correspond to reality,’ she said. 'At the same time, attempts to drag the Republic of Armenia into escalatory rhetoric are unacceptable. The Government of the Republic of Armenia remains faithful to the peace agenda and will not deviate from this strategy,’ Badalyan said. According to her, as for the reforming of the Armed Forces of the Republic of Armenia, acquisition of weapons and equipment, the Armenian side has repeatedly noted that having a combat-ready army is the sovereign right of any ...

07/25/2024


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

... 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 the criteria for ‘green’ loans and the mechanisms for calculating ...

07/23/2024


EBRD and Ameriabank to support Armenian businesses through stable trade finance funding

... facilitating international trade. This time, again, we are proud to be the first in the Armenian market to amend the RCA Agreement, allowing us to secure local currency funding to bolster the business of local exporters and importers. This aligns with our strategy of continuous contribution to the economy of Armenia, ” commented Artak Hanesyan, CEO at Ameriabank. " We are very pleased to expand our cooperation with Ameriabank, one of longstanding partners in Armenia, where we recently reaffirmed ...

07/22/2024


EU Supports Armenia’s National Education Strategy with €20-25 Million Grant

The (EU) backs the implementation of Armenia’s national education strategy with grant assistance amounting to €20-25 million YEREVAN, July 19. /ARKA/. The European Union (EU) backs the implementation of Armenia’s national education strategy with grant assistance amounting to €20-25 million, Head of the EU Delegation ...

07/19/2024


Armenian government approves €102m healthcare loan agreement with IBRD

... mentioned that the preparatory work, which lasted nearly a year, was carried out in collaboration with the Ministry of Finance and the World Bank. "The project aligns with the Government Program for 2021-2026 and the Healthcare System Development Strategy for 2023-2026. The loan program was agreed upon with the IBRD representatives during the negotiations on May 21. The program is scheduled for completion on September 20, 2029," she added.

07/18/2024


Investment risks and diversification: how to build a safe and profitable portfolio

... foreign platforms for investors. - liquidity risk. A financial instrument that a depositor counts on turns out to be difficult to sell on favourable terms. An investor cannot fundamentally influence the level of systemic risks. Fidelity to one's own strategy, financial and emotional preparedness for downturns help to counter them. When forecasting and describing risks, experts traditionally focus on inflation rates and domestic demand in the world's leading markets (the USA, China and the European ...

07/16/2024


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