On July 31 distinguished railroadmen of South Caucasian Railway have received awards ahead of Railway Worker's Day. The awards ceremony took place at the SCR headquarters. The employees received certificates, nominal watches, and prize money.
During a meeting with his circle of close associates, Armenian Prime Minister Hovik Abrahamyan specified the name of the new owner of the Electric Networks of Armenia (ENA) CJSC.
The Public Services Regulatory Commission (PSRC) is inviting large international advisory companies to take part in assessment of Armenia's energy system and elaboration of a strategic program for 2016-2036. The press office of the Commission has told ArmInfo that the PSRC took the relevant decision on July 27 with due regard for the June 27 statement of the Armenian President, who stressed the need to enhance the public confidence in the PSRC's activities.
On July 23 British-Canadian "Lydian International" and its Armenian subsidiary "Geoteam" CJSC presented the results of the environmental and social impact assessment of the Amulsar Gold Project implementation. Along with several other expert consultants Wardell Armstrong International Ltd, an independent British consulting company undertook the assessment in compliance with the standards of the International Finance Corporation and European Bank for Reconstruction and Development. To note, IFC and EBRD are "Lydian International" shareholders.
The Public Council of Armenia has positively assessed "Armenia" International Airports CJSC's proposal to preserve the central tower of Zvartnots Airport's old building.
The foreign air carriers' representatives in Armenia are not going to reduce the ticket prices. They raised that problem during the July 23 consultation with the leadership of the Armenian General Department of Civil Aviation (GDCA). The heads of the representative offices said that they would tell their organizations' head offices about that problem. They are also skeptical about the GDCA's recommendation to replace the nighttime flights with daytime ones.
The Armenian population has reconsidered the list of grocery expenses conditioned by the price hikes and the crisis fall in consumer demand. By the official data, people are saving money on meat, sugar and oil. Instead people buy more bread, rice, beans, and potatoes. People are stinting themselves in fruit and vegetables.
"Luding" company, owned by Armenian oligarch Gagik Tsarukyan, has ceded the leadership of the main international wine supplier to the Russian market. With a reference to the Federal Customs Service of Russia, RBK informs that "Luding" was the biggest wine importer starting 2008.
The Armenian government has taken a decision to sell "Vorotan Cascade HPP" to cover the losses of the "Electric Networks of Armenia".
The opening ceremony of DoubleTree by Hilton hotel took place in Yerevan on July 18. President of Armenia Serzh Sargsyan attended the opening.
On July 8 Public Services Regulatory Commission of the Republic of Armenia approved "Electric Networks of Armenia" CJSC's 8.6-bln-AMD (without VAT) investment project for 2015.
"Electric Networks of Armenia" is not to announce of bankruptcy, Natalya Sarjanyan, the press secretary of the ENA, told the media on July 8.
No negotiations on selling "Electric Networks of Armenia" are being held, Natalya Sarjanyan, the press secretary of the ENA, told the media on July 8 when asked of ENA CEO Yevgeny Bibin being substituted.
During the July 8 meeting the Public Services Regulatory Commission of the Republic of Armenia took a decision to impose a 60-mln-AMD fine on "Electric Networks of Armenia" for a number of violations in the terms of schedule and connection of new consumers, as well as for demanding that consumers fully pay for being connected to the network through the terms of consumed energy.
G-G Solutions - the only manufacturer of CNG Dispensers in Rebublic of Armenia for GAS Stations and Fueling Systems - has delivered the first lot of its production to Russia.
Within the framework of a programme aimed at increasing the efficiency of utilization of labour resources, enhancing the level of social security system for underpaid staff and maintaining the balance between position salaries of single professions remuneration rates and position salaries of certain "South Caucasus Railways" employees have been raised starting July 1.
Natalia Sarjanyan, Spokesperson for ENA CJSC, told ArmInfo Electric Networks of Armenia CJSC has filed petitions for bankruptcy of such companies as Vanadzor Chemical Industry CJSC that owes 1.429 billion drams to ENA, Nairit Plant CJSC - 1.060 billion drams, Glendale Hills CJSC - 121 million drams. Among ENA's debtors also such companies as Hrazdan Cement CJSC (over 404 million drams), Garni Drinking Water Company (467 million drams), Dzoraghbyur Drinking Water Company (32.6 million drams).
The list of those who seek to buy the Electric Networks of Armenia (ENA) is getting bigger, Zhamanak ("Time") newspaper says, citing sources close to the Armenian authorities.
The re-launch and the operation of Nairit Plant are inexpedient and one of the reasons is the high gas and electricity tariffs in Armenia, unlike the countries producing competitive products. This is the conclusion of the experts who have conducted a World Bank- funded survey. The experts' report was made public a few days ago, Haykakan Zhamanak (Armenian Time) daily says.
Inter RAO UES refutes reports on Company's negotiations for sale of Electric Networks of Armenia (ENA). "We are not holding any negotiations at the moment," the Company's official representative told Interfax.
EBRD Office confirms that it has not filed a claim against Electric Networks of Armenia CJSC for early loan repayment. EBRD Yerevan Office confirms ArmInfo's earlier reports that Electric Networks of Armenia (subsidiary of Inter RAO UES) has never had any overdue debt to the EBRD, and, consequently, it has entered no trials with the Bank.
Audit of Electric Networks of Armenia (ENA) may take 3-6 months, David Haroutiunyan, Minister-Chief of the Government Staff, said on Armenian TV.
Electric Networks of Armenia CJSC as well as the Public Services Regulatory Committee will undergo international audit, Vache Gabrielyan, Deputy Prime Minister - Minister of International Economic Integration and Reform, said on the Public Television of Armenia.
Georgian Airzena Airlines will resume Tbilisi-Yerevan- Tbilisi flights starting June 29, informs "Novosti Gruzia". Flights will take place 4 times per week. The fare price starts from 55 EUR. The Armenia-Georgia air connection was suspended in 2011. Back in the day Armavia Armenian Airlines conditioned the suspension by the low cost-effectiveness of the itinerary in winter.
Since 2007, Geoteam CJSC has invested $2.1 million in corporate social responsibility programs on the margins of the Amulsar project. The gold extraction in Amulsar has not yet started; however, Geoteam is already implementing its projects aimed at promoting education, sports, culture, infrastructure and agriculture in Gorayk, Jermuk, Saravan and Gndevaz communities adjacent to Amulsar.
The Iran-Armenia railway and motorway are two unrelated projects, First Deputy Minister of Transport and Communications of Armenia Arthur Arakelyan said in the parliament on June 22 in response to the question by MP Tevan Poghosyan as to whether the railway is necessary considering that a motorway connecting the two countries is currently being built.
National Assembly of Armenia has ratified the investment program on re-treatment of the tailings of the Zangezur Copper Molybdenum Combine (ZCMC) in the second reading on June 22.
Armenia has no real alternative to the Nuclear Power Plant (NPP). So, the NPP operation will be continued, Areg Galstyan, Armenian Deputy Minister of Energy and Natural Resources, said during the NATO Parliamentary Assembly's Rose-Roth Seminar in Yerevan on June 20.
The non-involvement of Armenia in the regional energy projects is destabilizing the situation in the South Caucasus, Tracy German, expert at King's College, London, said during the NATO Parliamentary Assembly's Rose-Roth Seminar in Yerevan on June 20.
Armenian Deputy Minister of Energy and Natural Resources Areg Galstyan thinks that the demands of the "No to Robbery!" civic initiative are groundless.
Contour Global Hydro Cascade (U.S.) has been granted a license to run the Vorotan Cascade of HPPs for 25 years. The relevant decision was taken at today's meeting of the Public Services Regulatory Commission of Armenia (PSRC).