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.
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.
AMD's depreciation will not prevent the Armenian Government from fulfilling next year's budget, MP Gagik Minasyan told journalists on Friday.
Yerevan Brandy Company (YBC) has announced December 20 and 21 as Open Days ahead of the New Year and Christmas.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
In Jan-Sept 2014 Agarak Copper- Molybdenum Combine increased its output by 4.31% to 16.2bln AMD.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.