The State Committee for Protection of the Economic Competition has initiated administrative proceedings against two local tobacco producers: Grand Tobacco and International Masis Tabak companies on April 30.
While presenting the 2015 annual programme by State Committee For Protection Of Economic Competition at National Assembly, a number of issues considered by SCPEC were raised.
Eight garment manufacturers in Armenia have united and created a new Armenian fashion brand "5900 BC" as part of the UNIDO project "Upgrading export- oriented industries, focused on modernization of textile and garment production." The project looks to help modernize the industry and increase access to foreign markets. The list of the companies comprises: Tosp, Melante, Agnessa, Firma Lida, Kanaker garment manufacturing factory, Karavaj, Nanman, and Arsfine.
The group tours from China to Armenia will be considerably facilitated. The Government of Armenia took the relevant decision on April 22.
Polymetal International plc company is the leading gold and silver mining group, operating in Russia and Kazakhstan. Polymetal purchased a 25% stake in the company owning Lichkvaz exploration licence in Armenia (including part of intracompany loan). The consideration comprises 429,260 shares equal to US$3.5 million and agreed an earn-in program to take its ownership to 50%, the company press-office reports. This is the company?s first asset in Armenia, its resource estimation is 19 tons of gold.
Yerevan Brandy Factory (YBC) introduced the legendary brandy "Armenia" this April. A presentation and tasting ceremony was held in the area of the YBC on April 14. Recreated on the recipe of master-blender Margar Sedrakyan, "Armenia" brandy is one of the Master's flagship blends.
Electric power tariff may rise in Armenia after the Electric Networks of Armenia (ENA) CJSC applies to the energy watchdog for revision of the tariff in mid-May. A Yerevan-based Haykakan Zhamanak Daily writes the company will suggest increasing the tariff for the population from 42 drams to 48 drams per kWh for daytime and 38 drams per kWh for nighttime.
"South Caucasus Railway" (UKZHD) is to enter the Armenian and Georgian tourist markets. The CJSC is to present innovation products - tours with the use of railway transport. In Tour Expo 2015 was launched today at Yerevan Expo Center where UKZHD presented its new service under a pavilion on the order of a railcar - the highlight of the new service.
Armenia's Minister of Economy believes international organizations' forecasts on country's GDP to be understated. In response to parliament members' questions, the minister said that international organizations' forecasts on Armenia's economic growth have usually been lower than it is in reality. According to him, 2014 was not exclusion and he believes that 2015 will not be exclusion, either.
Beeline press-office reports that Beeline jointly with ImYerevan.com website which is the media platform of Yerevan Production summed up Gyumri 2.0 program. Within the project, walls of 4 buildings in Gyumri were painted with images symbolizing the city's revival. "Beeline continues social programs aimed at development of marzes especially focusing on settlements which need our attention. I am sure these colorful images became a pleasant surprise not only for the buildings included in the program but all other Gyumri residents.
Armenian Prime Minister Hovik Abrahamyan has promised the media that the country will see economic growth in H2 2015. The promise was the response to today's criticism of the second president of Armenia Robert Kocharyan regarding the economic situation in the country and the growing debts of the republic amid the socio-economic crisis.
The Interim Parliamentary Commission's data about the losses in the gas supply system do not coincide with Gazprom Armenia CJSC's data. At today's session of the Parliament, Vardan Ayvazyan, Chairman of the Commission, MP from the ruling Republican Party of Armenia, said that Gazprom Armenia has a problem of losses. He said that the losses constitute 5.37%, including 3.15% in the gas transmission system and 2.22% in the distribution system. Moreover, these losses are included in the current tariff.
The financial harmonization in the member states of the Eurasian Economic Union (EEU) will meet international standards and the best international practice, Timur Suleymanov, Minister of Economy and Financial Policy of the Eurasian Economic Commission, said in Yerevan on April 3. He added that this is stipulated in the Treaty on the Eurasian Economic Union.
In Q1 2015, the economic downturn and the slowdown in the partners' activities affected the cargo traffic of the South Caucasus Railway (SCR) CJSC, Viktor Rebets, SCR CEO, says in an interview with Golos Armenii.
Taking into account the decision of Artak Barseghyan, Managing Director of Yerevan Brandy Company to pursue new career opportunities outside the Pernod Ricard Group, the top management structure of YBC will be as follows:
"South Caucasus Railway" CJSC has implemented all its tasks for the 2014 financial year. "UKZHD" press-office reports to ArmInfo that PriceWaterhouseCoopers company's fiscal audit results speak for "UKZHD"'s success.
One of the companies owned by Sedrak Kocharyan, the son of the second president of Armenia Robert Kocharyan, seeks to purchase the Congress Hotel in Yerevan. Robert Kocharyan's Spokesman Viktor Soghomonyan has confirmed this information to ArmInfo. Soghomonyan says that the parties concerned are currently negotiating to conclude a deal. The Spokesman has refused to tell any other details.
During the last 8 years Geoteam CJSC has held 11 public hearings and more than 170 meetings with the communities. Taking into consideration the fact that the Amulsar mine is not being operated yet, the number of such community meetings is unprecedented. During these 8 years representatives of the affected communities have been provided with the details of the Project, issues have been discussed and responses given to any question raised. We have achieved an atomosphere of mutual trust and continuous open communication with the communities.
"South Caucasus Railway" CJSC has announced privileges for the passengers traveling by electric train in April. Thus, schoolchildren and students participating in the Armenian Genocide Centennial events will travel to Yerevan and back free of charge.
Yerevan, March 25. ArmInfo. Alexander Avanesov. "Electric Networks of Armenia" (ENA) CJSC has quitted discrimination against the consumers, Artak Shaboyan, Chairman of the Armenian State Commission for the Protection of Economic Competition, said at today's session of the Parliament when replying to MP Khachatur Kokobelyan's question.
South Caucasus Railway (SCR) CJSC (subsidiary of Russian Railways) is a public company and the high attention of the state administrative bodies to it is natural, Viktor Rebets, SCR CEO, told ArmInfo when commenting the Monday statement by the anti- monopoly watchdog of Armenia Artak Shaboyan who suggested a survey in the SCR's investments.
Rumors about the sale of Electric Networks of Armenia have always been circulating, Nikolay Gorelov, Spokesman for Inter RAO, has told ArmInfo when commenting on the Armenian media reports about Samvel Karapetyan's intention to buy "Electric Networks of Armenia" CJSC. To note, the owner of Tashir Group, Samvel Karapetyan is a large Russian businessman of Armenian origin.
Boris Kovalchuk Chairman of Inter RAO UES OJSC Board will visit Armenia shortly. According to ArmInfo's sources in Moscow, Kovalchuk will have a meeting with President of Armenia Serzh Sargsyan in Yerevan to discuss restructuring of the debts of the Electric Networks of Armenia (ENA) CJSC to set the company for sale.
Rostelecom Company has announced an online subscription opportunity. From now on, everyone can fill an application online and get subscribed for the Company's services. The Company's specialists verify the applicant's data through a phone call and connect him to the network within ten days after application. Online subscription saves time and funds. There is no longer need to visit Rostelecom's sales and service points to get connected to any of its services or tariff packages.
Beeline press-office reported to ArmInfo that Beeline launches "Connected+" new roaming service available for "ArmenTel" CJSC mobile prepaid and postpaid subscribers. The new service will operate in Beeline network in the territory of Russian Federation, Georgia, Ukraine, Italy, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Beeline, Kyivstar and Wind operators.
From January 30 till February 4 the VivaCell-MTS Facebook official page hosted the "Best Love Confession" contest organized on the occasion of the St Sargis Day. The press office of VivaCell-MTS has told ArmInfo that the participants had to leave a comment with a beautiful love confession beneath the contest announcement. According to the rules of the contest the authors of the confessions that would gather the most number of "likes" would be the winners.
The Armenian authorities and the management of Gazprom (Russia) have come to an agreement to reduce the gas price on the Armenian border from 189 to 165 USD, Zhamanak (Time) newspaper says, citing its own sources close to the Armenian Government.
Beeline Armenia and Child Development Foundation have summed up "Let's Study Together" program. The program aims to contribute to the development of social skills and creative mind of children with special needs aged 16-25 and to their social integration. Around 20 children attended a specialized center twice a week. They had a special teacher and a psychologist to explore the preferences and capabilities that will help them feel more confident in the society in the future. The program also worked with the parents of these young people. The parents received recommendations and information on how to use the capabilities of the young people.
"Mobile applications and software have changed our world. Today it is almost impossible to imagine an Internet user without his smartphone connected to the Internet. It is especially worth noting that our web and mobile application developers create competitive products, thus boosting development of the sector.
Beeline Armenia has launched the service "Incognito" that allows Beeline customers to electively hide their numbers while making an outgoing call. The new service is available to all subscribers of the prepaid and postpaid systems. Beeline press-office reports to ArmInfo that the service can be activated by dialing 0674171, through *170# USSD-command or by "170" text SMS sent to 0647. To hide the number #31* should be dialed before the number of the called customer.
On March 3, the Co-Founder of IDeA charitable foundation, entrepreneur and philanthropist Ruben Vardanyan delivered to Sergey Kalugin, President of Rostelecom, a thank you certificate for technological support of UWC Dilijan College (Dilijan, Armenia) - the first college of the UWC educational network in the post-Soviet space, the press office of Rostelecom reports.