Newsfeed

ACBA-CREDIT AGRICOLE BANK announces results of draw among Visa Student cardholders and student loan borrowers

INECOBANK receives first US$5mn tranche from EBRD to finance renewable energy and SME

Banks buy $1.7 million out of $4 million offered by Central Bank on 20 December

Beeline and Technology Development Center present App Armenia system and mobile application

Vigen Barseghyan appointed as Acting Director General of Areximbank-GPB Group

Vallex Group launches mining at Teghout copper-molybdenum deposit

Anelik Bank faces no problems with liquidity amid national dram hyper-devaluation due to financial support Credit Bank S.A.L.

On 20 December ACBA-CREDIT AGRICOLE BANK to hold annual prize draw ahead of the New Year among Visa Student cardholders and raffled off tuition fees

Expert: In 2015 the situation over Nagorno-Karabakh will not be better than in 2014

Nagorno-Karabakh PM: Question whether there should be a customs point on Armenian-NKR border is no longer on agenda

Expert: AMD's depreciation will not prevent Armenian Government from fulfilling next year's budget

House of Representatives of Belarus ratifies agreement on Armenia's accession to Eurasian Economic Union

Prosecutor insists on life and 22-year terms for Azeri raiders

Open Days at Yerevan Brandy Company

John Heffern says Armenia has not received invitation by Millennium Challenge Corporation this year

John Heffern: The USA wants to go on stimulating reconciliation of the Armenian and Turkish peoples

ARFD: The Turkish-Azerbaijani tandem has sharply activated at the world arena

John Heffern: Agreement on Vorotan Cascade of HPPs to be signed shortly

Kazakhstan Senate ratifies treaty on Armenia's accession to EEU

Drivers of public mini-van go on being on strike because of raising fuel price

Armenian PM: There will be no more shocks on financial market

Armenia's Central Bank tries to sell $4mln but nobody buys it

Beeline to complete digitization of the network in Metsavan, Norashen and Kuchak communities

European Union launches 15 new projects in Armenia

Inga Zarafyan: Mining industry has leading positions in terms of environmental damage

Hovik Abrahamyan familiarizes himself with prices at Armenian supermarkets

Rostelecom expands network of acceptance of payments through banks

Baby born with parasitic twin fetus in Armenia

Parliament of Kazakhstan ratifies treaty on Armenia's accession to EEU

Public transport drivers in Nor-Nork District in Yerevan block road to city center

Artur Javadyan: Armenia's Central Bank is not planning prescheduled revision of its refinancing rate

Armenia's CB: AMD's hyper-depreciation has been caused by panic and speculations

Small business in Armenia to be red-listed

EBRD supports Armenia's Shen Holding with US$ 9.3 million loan

Nikol Pashinyan: It is necessary to teach some MPs from the ruling party to differentiate between the Parliament and a horse stable

VTB Bank (Armenia) and MasterCard launch a joint bonus campaign for MasterCard holders

14 more Beeline offices to be equipped with e-queue systems

Cigaronne SPS enlarges its export geography

Armenia hosted the international The Hour of Code event for the first time

Armenian National Congress and Prosperous Armenia Party not to support statement condemning attack on Aram Manukyan

20/12 17:35 Beeline and Technology Development Center present App Armenia system and mobile application

Beeline and Technology Development Center announced the launch of the App Armenia system - a platform for mobile applications and projects aimed at developing the Armenian-language mobile content, the company's press service told ArmInfo.

20/12/2014 17:11

Vallex Group launches mining at Teghout copper-molybdenum deposit

On December 20, Armenian President Serzh Sargsyan visited the Teghout copper- molybdenum deposit. The President attended the grand ceremony dedicated to completion of construction of an ore mining and dressing plant and the launch of the industrial process. In addition, the President familiarized himself with the results of the overhaul of the M-6-Teghout highway, which is 3.7 km long.

19/12/2014 18:12

Expert: AMD's depreciation will not prevent Armenian Government from fulfilling next year's budget

AMD's depreciation will not prevent the Armenian Government from fulfilling next year's budget, MP Gagik Minasyan told journalists on Friday.

19/12/2014 14:21

Open Days at Yerevan Brandy Company

Yerevan Brandy Company (YBC) has announced December 20 and 21 as Open Days ahead of the New Year and Christmas.

18/12/2014 17:09

Beeline to complete digitization of the network in Metsavan, Norashen and Kuchak communities

By the end of the current year, Beeline will complete landline network digitization in Metsavan community in Lori region, Kuchak community in Aragatsotn region and Norashen community in Armavir region. Beeline informed that from then on, high-quality digital network services will be available for the residents of these communities, broadband Internet quality will be enhanced, while Kuchak community residents will start taking advantage of broadband Internet services. During digitization works, the equipment will be also replaced and modernized.

18/12/2014 12:15

Rostelecom expands network of acceptance of payments through banks

Rostelecom has expanded the network of acceptance of payments through the banks. The company has told ArmInfo that from now on the individual subscribers of Rostelecom can pay for the company's services through Converse Bank, Armeconombank, Areximbank- Gazprombank Group, ArmBusinessBank and the branches of the specified banks.

17/12/2014 17:10

Small business in Armenia to be red-listed

The Armenian market has never faced such a crisis before, President of the Union of Small Enterprises of Armenia Stepan Aslanyan told journalists on Wednesday.

16/12/2014 23:22

EBRD supports Armenia's Shen Holding with US$ 9.3 million loan

The EBRD is lending US$ 9.3 million to Shen Holding, one of the largest and leading building materials manufacturer and gypsum mine operator in Armenia and a long standing EBRD client.

16/12/2014 23:18

Cigaronne SPS enlarges its export geography

Cigaronne SPS is actively restoring its foreign contacts with a view to export its products to Russia, Ukraine and the CIS. It also has exports to the United States, Iran and Iraq, the company's representative Never Sargsyan told journalists on Tuesday.

16/12/2014 14:10

South Caucasus Railway approves investment program and business plan for 2015

The Board of Directors of South Caucasus Railway CJSC met in Moscow on Dec 12 under the presidency of CEO of Russian Railways OJCS Vladimir Yakunin.

15/12/2014 12:39

Meghradzor Gold Company cuts production for 9 months of 2014

Meghradzor Gold Company reduced recovery of gold-bearing ore by 45.63% within 9 months of 2014 as compared to the same period of 2013 to 30,325 tons, the Ministry of Energy of Natural Resources of Armenia told ArmInfo.

12/12/2014 17:49

In Jan-Sept 2014 Akhtala Ore Mining Company increased its ore output by 84.18%

In Jan-Sept 2014 Akhtala Ore Mining Company increased its ore output by 84.18% to 400,828 tons. According to Armenia's Energy and Natural Resources Ministry, during the period the company's production grew by 27.76% to 5.5bln AMD, royalties grew by 44.51% to 150mln AMD.

12/12/2014 17:48

In Jan-Sept 2014 Zangezur Copper Molybdenum Combine reduced commercial output by almost 1%

In Jan-Sept 2014, Zangezur Copper Molybdenum Combine, the largest mining company in Armenia, extracted 16,462 mln tons of ore against 16,049 mln in Jan-Sept 2013 (up 2.57%), Samvel Mkrtchyan, Head of the State Commission on Mineral Resources, Armenian Ministry of Energy and Natural Resources, has told ArmInfo.

12/12/2014 17:47

GPM Gold company increased production output by 11,94% for nine months 2014

GPM Gold company increased production output by 11,94% for nine months 2014 versus the same period of 2013 - up to 27,9 billion AMD, Armenia's Energy and Natural Resources Ministry reported.

12/12/2014 17:42

In Jan-Sept 2014 Agarak Copper-Molybdenum Combine increased output by 4.31%

In Jan-Sept 2014 Agarak Copper- Molybdenum Combine increased its output by 4.31% to 16.2bln AMD.

12/12/2014 17:40

In Jan-Sept 2014 Dundee Precious Metals Kapan cuts its output by 18.53%

In Jan-Sept 2014 Dundee Precious Metals Kapan (former Deno Gold Mining) cut its output by 18.53% to 14.7bln AMD. According to Armenia's Energy and Natural Resources Ministry, during the period the company's ore production dropped by 13.07%, while royalties dropped by 52.72%. In 2013 the company extracted 455,920 tons of ore against 531,667 tons in 2012.

11/12/2014 15:20

Oppositionist: Devaluation of national dram is a good opportunity to stimulate local production

Devaluation of the national dram creates a good opportunity to stimulate local production and develop export-oriented economy, oppositionist Zoya Tadevosyan told reporters on 11 December.

10/12/2014 16:34

MP: Armenian Prime Minister has instructed tax authorities to reduce pressure on economic entities

Armenian Prime Minister Hovik Abrahamyan instructed the tax authorities to reduce the pressure on economic entities, Gurgen Arsenyan, MP from the Prosperous Armenia Faction, told journalists at a roundtable dedicated to the human rights problems. Arsenyan said that he received that information from reliable sources.

10/12/2014 16:27

Prime Minister: "It's not for me to judge the ex-PM's decision to reactivate the Nairit Plant"

"It's not for me to judge ex-PM Tigran Sargsyan's decision to reactivate the Nairit Plant," Prime Minister Hjovik Abrahamyan told reporters, Wednesday, when commenting on the situation at the Plant.

10/12/2014 11:51

Petroleum products prices go up in Armenia despite global trend of falling oil prices

Petroleum products prices grew by 10 drams per liter in the first ten days of December in Armenia despite global trend of falling oil prices.

05/12/2014 17:09

VivaCell-MTS and USAID allocate AMD 130 million to improve water supply network in Lukashin community

For Lukashin village of Armavir region the problem of drinking water has existed since the times of the Soviet Union, the press service of VivaCell-MTS has told ArmInfo. Some parts of the village, which has 2600 inhabitants, have had no water at all, and the greater part of the village has had a two-hour water supply schedule. Over the years the village's cast iron pipes have eroded, broken and grown out of use. Years ago, the Lukashin community found a temporary solution to regulating the low water pressure, which proved inefficient. In spring 2014, VivaCell-MTS, the US Agency for International Development (USAID) and the Foundation for the Preservation of the Wildlife and Cultural Assets (FPWC) signed an agreement aimed at preventing the loss of water, increasing the efficiency of water supply networks and providing basic household conveniences in 4 communities of Armenia, including Lukashin.

03/12/2014 16:59

Armenian MP advises restoring wealth tax and spending receipts on social projects

Armenian MP from Orinats Yerkir Party Hovhannes Margaryan urged the Government on Wednesday to restore wealth tax for the owners of cars worth more than 25mln AMD and houses worth over 200mln AMD and to spend the receipts on social projects.

03/12/2014 16:26

Some members of WTO come out against Armenia's accession to EAEU and suggest revising duties

The World Trade Organization (WTO) cannot apply sanctions against Armenia for the latter's accession to the Eurasian Economic Union (EAEU) and changes in the customs duties, Mher Tsaturyan, Head of the WTO Division of the Armenian Economy Ministry, has told ArmInfo when commenting on the media reports.

02/12/2014 15:12

Nairit Plant employees notified about upcoming job cuts

Starting 2 December, the employees of Nairit Plant, erstwhile chemical giant of Armenia, began receiving notifications of upcoming job cuts, Anush Haroutiunyan, Spokesperson of Nairit Plant, told ArmInfo.

02/12/2014 14:56

Brandy production in Armenia down 5.6% for Jan-Oct 2014

Brandy production in Armenia was down 5.6% in Jan-Oct 2014 versus the same period of 2013 to 14,684.9 thousand liters, the National Statistical Service of Armenia told ArmInfo. The key sales markets of the Armenian brandy are Russia and the CIS.

02/12/2014 14:26

Ruble, tenge and dram to be used in Single EEU Payment Area

The Eurasian Economic Union seeks to refuse from the US dollar and euro. The Council of Federation and State Duma have supported the idea of the Single EEU Payment Area with ruble, tenge and dram.

02/12/2014 14:03

Lydian Receives Comprehensive Mining Right Approval For Amulsar Gold Project

The Ministry of Energy and Natural Resources has granted to Geoteam CJSC, Lydian International's 100% owned subsidiary, Mining Right for the Amulsar Gold Project. This represents the final stage of the mining permitting process and grants the Company the right to develop the Amulsar Project in line with the parameters detailed in the feasibility study.

02/12/2014 12:56

Armenia: economy has nothing to do with the budget

Our country, which faces a number of fundamental uncertainties, including the uncertainty of the impact of accession to the Eurasian Economic Union on the country’s economy, needs to determine a new conceptual vision of development. Nothing of the kind is noticeable yet. The impression is that the country’s economy will keep staying in turbulence, i.e. it will continue taking decisions a posteriori – by means of band-aid approach.

01/12/2014 20:17

Carrefour representative denies media reports that the French retailer demands special privileges from Armenian suppliers

The Carrefour Office in Armenia denies the media reports that the French retailer demands a 15% discount from the Armenian suppliers. When replying to ArmInfo's questions, Laurent Nazet, Carrefour Representative for Armenia, said that there is no condition concerning provision of privileges. He added that 95% of the products at Carrefour supermarkets will be supplied by Armenian manufacturers and suppliers.

01/12/2014 17:45

Armenia imports oil products mostly from Russia

Since Feb 2014 Armenia has imported oil products mostly from Russia, Chairman of the State Commission for Protection of Economic Competition of Armenia Artak Shaboyan said on Monday.

01/12/2014 17:44

Liqvor to increase volumes of pharma drugs export - up to $3 million in 2014

The Armenian pharmaceutical company CJSC Liqvor is going to increase the volumes of medicine export by 20% - up to $3 million in 2014 versus 2013, Director General of the company, Sergey Matevosyan, told Arminfo correspondent.