At the Nov 21 discussion on the jewelry and lapidary issues, Armenian Economy Minister Karen Chshmarityan advised the Armenian jewelers to hire Indian diamond-cutters to enhance labor efficiency.
In 2014 Armenia reduced imports of rough diamonds mostly due to the decline in supplies to Russia, Armen Yeganyan, Head of the Industrial Policy Department of the Armenian Economy Ministry, has told ArmInfo.
In case of the economic crisis preserving and growing, we have to expect much outflow of migrants from Russia, Sergei Abashin, Doctor of Science in History, Professor at the Department of Anthropology, Named Professor of Migration Studies (British Petroleum Professorship), told ArmInfo in an online press-conference.
I can guarantee that nothing is being done to reopen the Abkhazian railway. No such talks are being held, Georgia's State Ministry for Reconciliation and Civic Equality Paata Zakareishvili told Georgian journalists when asked to comment on the recent statement by Armenia's Deputy Transport and Communication Minister Artur Arakelyan, who said that "there will be good news on the Abkhazian railroad soon."
This year Lydian International's investments in Armenia have slowed down, because the company is expecting the final permit for development of the Amulsar gold deposit, Hayk Aloyan, Director General of Geoteam CJSC (subsidiary of Lydian International), said during the discussion held by Armenian Economy Minister Karen Chshmarityan.
Although the Carrefour hypermarket's opening in Armenia's capital city Yerevan is announced for January 2015, the world-renowned French company is already conducting sales for the past several days in the space it has been allocated in Yerevan Mall, Haykakan Zhamanak daily reported. "Carrefour has put on Christmas trees and Christmas toys for sale in an area of about 40 square meters.
Armenia may face various risks due to accession to the Eurasian Economic Union (EAEU), Tatul Manaseryan, head of the Research Center "Alternative", economist, told reporters on Monday.
In future the Eurasian Economic Union will have a single currency, this being the highest form of economic integration, Head of Alternative Research Center Tatul Manaseryan told journalists, when asked to comment on the consequences of Armenia's accession to the Union.
The Russian ruble devaluation may result in at least 30% decline of Armenian brandy export to Russia in 2014, Chairman of the Union of Armenian Winemakers Avag Harutyunyan, said at a press conference on Monday.
The Crimea's Transport Minister, Anatoliy Tsurkin, said that a direct flight Yerevan-Simferopol will be implemented on 17 November at 3:00 PM Yerevan time from Zvartnots airport. The first flight from Simferopol to Yerevan was implemented on 16 November.
Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") announced today that John Naisbitt has assumed the role of Project Execution Lead for the A
French entrepreneurs are ready to study any proposal by the Armenian party related to construction of a nuclear power plant. The remarks came from newly appointed French Ambassador to Armenia Jean-Francois Charpentier in a press conference in Yerevan in response to the question as to whether France will take part in construction of a new NPP.
Provision of government allowances to South Caucasus Railway (SCR) CJSC is part of the concession agreement, Gagik Khachatryan, Armenian Finance Minister, said in Armenian Parliament on November 11.
The key mission of the newly formed interim parliamentary subcommittee on Nairit is to develop a program to restart the plant, MP from ARFD Artsvik Minasyan said in the Armenian Parliament on Monday.
According to ArmInfo's monitoring results, petrol and diesel prices in the country have dropped by 10 drams since November 6 after a similar decline in mid-October. At present, Super AI 98 petrol costs 500 AMD per liters, Premium AI 95 - 470 AMD, Regular AI 91 - 450 AMD, with diesel and Euro diesel prices falling to 450 AMD per liter and 470 AMD per liter, respectively.
Mika Cement has produced the necessary volume of cement for sales after resumption of production in September 2014 and has been suspended for annual technical activities, the Company's press-service told ArmInfo.
A round table discussion titled "Getting to Know Information and Communication Technology (ICT) sector in Armenia and Turkey: Exploring Collaboration Opportunities" was held on November 6, at 16:00 at the VIP auditorium of Elite Plaza Business Hotel (Yerevan, Khorenatsi 15).
Property Development Company CJSC (PRODECO) has launched the construction of multifunctional business center "Kamar" by laying its foundation stone. The first stone was officially laid on November 6.
Lydian International Ltd and its Armenian subsidiary Geoteam yesterday took part in a roundtable meeting organized within range of discussions on development of Local environmental action planned for Jermuk hosted by the Regional Environmental Centre for Caucasus (REC Caucasus) in Yerevan alongside representatives from a diverse range of civil society organisations and scientific and research institutes.
The world-renowned French Carrefour hypermarket chain will open its branch in Armenia in late January 2015, the Carrefour Armenia Country Manager, Christian De Nale, stated the aforesaid at his meeting Tuesday with the Minister of Agriculture of Armenia, Sergo Karapetyan, press-service of the Ministry reported.
The record high harvest of milling wheat - up to 360 thsd tons is expected in Armenia in 2014. At the same time, import of wheat is still growing, chairman of the Agrarian Union of Armenia, Hrachya Berberyan, said at today's press-conference.
Proportional development of Armenia's regions will become a priority when implementing town planning projects in 2015, Narek Sargsyan, Minister of Urban Development said in the course of the parliament hearings on the draft state budget 2015, Tuesday.
Talking to ArmInfo, Spokesperson of the Chief Civil Aviation Department of Armenia Ruben Grdzelyan said they received just two applications from "Grozniy Avia" for Yerevan-Anapa-Yerevan and Yerevan- Kazan-Yerevan flights. "No other application have been received by that Company," Grdzelyan said.
Armenian government has been tightening requirements to the buffalo meat import from India. At the same time, it worries about the expected growth of prices for the meat products.
Air Armenia, the sole Armenian air carrier, has suspended the passenger operations till December 20, 2014, the company's press release says.
CJSC Armenian Copper Programme reduced blister copper production 9,8% for nine months of 2014 - to 7,312 thsd tons versus 8,103 thsd tons for the same period of 2013, press-secretary of Vallex group of companies, Vahram Avagyan, told Arminfo correspondent.
The parliament member from the opposition Armenian National Congress faction, former premier of Armenia, Hrant Bagratyan, has called on the government to change methodology of GDP calculation.
On 2 Jan 2015, Armenia will find itself in quite new economic environment - something that the Government is absolutely not ready for. The statement came from Gurgen Arsenyan, parliamentarian from Prosperous Armenian Party Faction, in the Parliament, Thursday. The parliamentarian meant the country's accession to the Russia-led Eurasian Economic Union (EEU).
"Grozniy-Avia" airline plans to launch a Simferopol-Yerevan flight starting November 16, Interfax said, citing Anatoly Tsurkin, Minister of Transport of Crimea. According to the minister, it will be the second international flight from the Simferopol Airport after Crimea joined Russia. Tsurkin says tickets to the new destination are already available.
Geoteam worked with experts from the International Finance Corporation, part of the World Bank Group (IFC) and the European Bank for Reconstruction and Development (EBRD), who visited the Amulsar Gold Project area last week to perform their annual review of the project development, the Company says in a press release.
A delegation of the South Caucasus Railway will attend the 61st meeting of the CIS Rail Transport Council to be held in Baku Oct 21-22. The press service of the company reports that their decision to attend the meeting has been approved by Armenia's transport and communication and foreign ministries.