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.
Armenia must not cherish hopes that its membership to the Eurasian Economic Union will give it more investments, economist, Head of Alternative Research Center Tatul Manaseryan said at a forum on the prospects of Armenia's membership to the EEU on Friday.
Lydian International Limited plans to launch gold recovery from Amulsar Gold Deposit in the Southern Armenia in the first half of 2017, Lydian International Limited President and CEO Howard Stevenson said in a press briefing on 16 October.
With launch of the Amulsar Gold Project in Southern Armenia, Lydian International Limited will be able to change the 'bad reputation' of the mining industry in Armenia, Lydian International Limited President and CEO Howard Stevenson said in a press briefing in Yerevan on 16 October.
Cronimet Mining Company plans $200 million investments in the construction of mine tailings disposal facility at the Zangezour copper and molybdenum combine (ZCMC) in the south of Armenia
56% of the family business entities in Armenia are pessimistic about the business environment prospects in the country, according to the survey conducted by the Corporate Governance Center. The survey findings were presented on October 10 by Narine Melikyan, Director of the Corporate Governance Centre.
Development of the Amulsar gold-bearing deposit project will be launched at the beginning of 2015, Minister of Economy Karen Chshmarityan told reporters, Wednesday.
The "Mika cement" plant that has not been functioning since April of the current year, started production. It will produce 100 thsd tons of cement till the end of 2014, Director of the plant, Naira Martirosyan, told Arminfo correspondent.
"I see no reasons why Armenia should not consider Russia as a funding source", Ruben Vardanyan, a well-known Russian businessman of Armenian origin, said to ArmInfo when commenting on some experts' opinion about possible impact of the anti-Russian sanctions on Armenia.
Consolidation will shortly become inevitable for Armenian banks, Russian businessman of Armenian origin, member of the Board of Directors of Ameriabank Ruben Vardanyan said on Thursday, when asked what an impact the anti-Russian sanctions will have on Armenian banks.
The company's statement says that the company faces no threat of bankruptcy, has no accumulated debts and has not lost any planes. Two planes of Air Armenia are currently being modernized in Holland. Aircraft maintenance is a compulsory and planned measure, which is taken in line with the aircraft lease agreement.
Armenia's government has made temporary concessions to small and medium-sized business. Today the RA Government has decided to do changes in Turnover tax law: the law won't be empowered until February 2015.
Victoria Silver LLC seeks to recover 11 tons of gold from Martsiget gold-polymetallic deposit located in Lori region, Armenia. Gagik Khojayan, Director of Victoria Silver LLC said at public hearings in Lori, EcoLur reports.
On October 7, 10 rail cars got off the rails in Gegharkunik province in Shorzha-Vardenis section. The train was carrying gold ore. No casualties have been reported.
The Government of Armenia pays no proper attention to the fish farms of the republic, Artur Atoyan, Head of the Armenian Union of Fish Breeders, said at a press conference on Wednesday.
Air Armenia CJSC says it is operating all flight according to the flight schedule. It also operates freight services to destinations in Russia and European country.
"VIM-Avia" will open a new flight Yerevan-Moscow, Domodedovo airport, AVIA Shop. ru reported. The first flight on this route will be implemented on 17 October by Airbus A319.
Prime Minister of Armenia Hovik Abrahamyan has charged postponing inventory requirements for small business till 1 Feb 2015, the Government's press- service told ArmInfo.
To ensure economy development, today Armenia needs direct investments but not transfers, an expert of the European Business Association, Hovanes Igityan, said during today's discussions organized by "Civilitas" foundation in Yerevan.
Armenia's Prime Minister Hovik Abrahamyan is ready to support SMEs and to solve the problems caused by the amendments to the turnover tax law, President of the SME Union of Armenia Stepan Aslanyan said after a meeting with the Premier on Monday.
By adopting the new Law on Turnover Tax, the Armenian Government has actually toughened the tax administration of small and medium enterprises again, MP from the Prosperous Armenia Party (PAP) Faction Mikayel Melkumyan said at today's press conference. According to the law, the document control has become compulsory for these entities.
'Ozturkler Holding' becomes the first Turkish company to launch activity in Armenia. 'Ozturkler Holding' is engaged in housing construction.
Air Armenia is appointed as regular air carrier from Novosibirsk-Yerevan, RBC reported. According to the source, S7 Airlines is the only company making passenger transportation Novosibirsk- Yerevan-Novosibirsk. The Foreign Ministry of Armenia confirmed the appointment of Air Armenia CJSC with an appropriate note.
The South Caucasus Railway plays an important role in the field of communications, Nikoghayos Ter-Karapetyan, the guide of the Railway Museum of Armenia, has told ArmInfo's correspondent during the Yerevan-Gyumri excursion.