Taking into account the fact that Tashir group owns "Cascade Energo Holding" energy company, which has a long-term experience and is one of the best companies in Russia, the Armenian Government has addressed the President of Tashir Group Samvel Karapetyan with a request to purchase Armenia's energy assets from Inter RAO. As Armenia's Prime Minister Hovik Abramayan announced at the Armenian Government Session on October 1, Tashir Group kindly fulfilled the request.
Deloitte & Touche CIS has presented a report, which sums up the results of the first phase of its survey in the energy sector of Armenia. The report demonstrates that the electricity tariff growth is substantiated, Vache Gabrielyan, Deputy Prime Minister of Armenia, Minister for International Economic Integration and Reforms, said at today's session of the Armenian Government. He added that the company is still to conduct the second and the third phases of the survey.
Beeline Armenia announces the launch of Smart Business and Smart Business + tariff packages for corporate customers. The press office of Beeline Armenia reports that the packages are available for prepaid and postpaid subscribers.
Tashir Group and Inter RAO have signed an agreement of sale and purchase of electric energy assets in Armenia.
Interfax has cancelled the statement on the sale of the Electric Networks of Armenia (ENA) to Tashir Group, explaining it by the erroneous issue of the company's press release, Vedomosti (Russia) reports.
In Jan-Aug 2015 versus Jan-Aug 2014, the brandy output in Armenia dropped by 10.7% to 8 873 thsd liters, the National Statistical Service of Armenia reports. In August alone, the brandy output dropped by 12% to 1 133 thsd liters. The key sales market for Armenian brandy is Russia and the CIS.
The Public Services Regulatory Commission (PSRC) of Armenia has all chances to curb the electric power price hike in 2016-2017, according to the report of Deloitte & Touche CIS, which sums up the results of the first phase of its survey in the energy sector of Armenia.
"Electronic Armenia" Forum, organized by the All- Armenian Fund, EU Delegation to Armenia, Tumo Center for Creative Technologies and Estonian Embassy to Armenia, launched on September 29. Implementation of the e-governance system in Armenia is one of the efficient mechanisms for ensuring state governmental system's transparency, Priit Turk, Estonian Ambassador to Armenia said in his talk to an ArmInfo's correspondent during the forum. According to the Estonian Ambassador, post-soviet Estonia, which has completely applied this system of governance, traditionally achieves high positions among other countries in the world related to the transparency of making deals and capability to control situations according to the data of the Transparency International.
Chinese companies seek to implement a number of investment projects in Armenia, Karen Chshmarityan, Armenian Minister of Economy, told journalists on September 25, when commenting on the Armenian governmental delegation's visit to China.
China will study the technical and socio-economic aspects of the Iran-Armenia railway construction project, Karen Chshmarityan, Armenian Minister of Economy, told journalists on September 25, when commenting on the Armenian governmental delegation's visit to China.
In an update of its flagship annual economic publication, Asian Development Outlook 2015 (ADO 2015), ADB now sees gross domestic product (GDP) growth for the region coming in at 5.8% in 2015 and 6.0% in 2016-below the March forecasts of 6.3% for both years.
Beeline supported holding to the 6th Social Partnership National Conference. The Conference is mostly aimed at boosting trilateral social partnership and social dialogue among the state agencies, employees and employers of Armenia to form a sustainable labor market, the company's press-office said. "As employees and state's longtime social partner, Beeline attaches importance to the role of trilateral social partnership and social dialogue in formation of stable labor market. In its turn, the latter is one of the key factors of the country's development which will help change people's lives for the better. I thank the Republican Union of Employers of Armenia on the holding of the conference and assure that it will contribute to development of new solutions in social partnership", said Beeline Armenia CEO Andrey Pyatakhin in his welcome speech.
On September 23, the Public Services Regulatory Commission (PSRC) approved the application for prolongation of Gazprom Armenia's license for distribution and transportation of natural gas to Armenia. The PSRC also approved the company's application for prolongation of the license of electric power export to Georgia.
Economist Tatoul Manaseryan, Head of the Alternative Research Center, is convinced that the Armenian Prime Minister's proposal on the Eurasian Economic Union (EEU) countries' switch to RUR settlements is quite substantiated and meets the national interests of Armenia.
In 2018, Armenia will be technically able to export electricity to Russia via the territory of Georgia, Areg Galstyan, Deputy Minister of Energy and Natural Resources of Armenia, said at a seminar organized by the Armenian Institute of International and Security Affairs, Wednesday.
Inter RAO sells 100% of its shares in Electric Networks of Armenia (ENA) to Cyprian Liormand Holding Limited for $500 million, a source in the National Assembly of Armenia told ArmInfo.
Inter RAO does not comment on the reports on possible sale of its 100% stake in the Electric Networks of Armenia (ENA) CJSC to LIORMAND HOLDINGS LIMITED, Nikolay Gorelov, a representative of Inter RAO OJSC press-office told ArmInfo. The company's representative did not say if ENA will be sold to a group of international investors, including Samvel Karapetyan - a Russian-Armenian businessman.
Tashir Group owned by Russian-Armenian businessman Samvel Karapetyan is a beneficiary party to the deal on purchase of the Electric Network of Armenia (ENA), a reliable source told ArmInfo.
Russian INTER RAO has informed the Government of Armenia of its intention to sell 100% stake in Electric Networks of Armenia CJSC to LIORMAND HOLDINGS LIMITED, according to the draft decision of the Government that is available on the website.
Finance Ministry of Armenia has responded to the request of the Union of Informed Citizens concerning the amount the electricity price subsidies will cost the Government.
Armenian President Serzh Sargsyan received today Oleg Belozerov, the newly-appointed president of JSC Russian Railways which has assumed the trust management of the Armenian railway.
. According to the RA Government decision, the cost of consumed energy will be compensated to the population in the part of energy tariff increase enacted on August 1 2015, including the small and medium enterprises that consume less than 500kW*h per month.
The Government of Armenia on September 7 signed an agreement with the international Deloitte & Touche consulting firm to provide advice on the regulation of the energy sector of Armenia.
On September 10 in Yerevan, President of "Russian Railways" Oleg Belozerov introduced to the staff the newly appointed CEO of CJSC "South Caucasian Railway". According to the decision of the Board of Directors of CJSC Sergei Gennadiy Valko was appointed as CEO of the "SCRW".
Armenian Prime Minister Hovik Abrahamyan's offer to the Eurasian Economic Union (EEU) countries to switch to RUR settlements when trading strategic goods needs to be seriously analyzed, Manvel Badeyan, member of the ruling Republican Party of Armenia (RPA), said at today's press conference in Yerevan.
Russia should have foreseen the possible impact of the sale of Vorotan Hydro Cascade CJSC to a US company on the operation of the Russian companies in Armenia, Russian political expert Andrey Areshev said during a Yerevan-Moscow video bridge.
Oleg Belozerov, new president of Russian Railways CJSC, is expected to visit Armenia, Viktor Rebets, CEO of South Caucasus Railway (SCR) CJSC, told journalists, without specifying the dates of the arrival.
South Caucasus Railway (SCR) Director General Viktor Rebets says safe movement of trains in Armenia has always been a priority for his company. In response to ArmInfo's question at a news conference on September 7, Rebets said the company starts its day with assessment of risks for movement of trains and the measures taken to settle the problems.
Talking to reporters, Victor Rebets, Director General of the South Caucasus Railway CJSC said the Commission organizes repair and maintenance of the rolling stock, which is very important for the entire infrastructure. "Armenia actively cooperates with the Directorate of the Railway Transport Council, which is necessary to support the issues that require a common approach and solutions," he said.
Given the high yields of grapes this year, it was decided to purchase from winegrowers all 35 thousand tons, despite the fact that the Yerevan Brandy Company (YBC) could be limited to 30 thous. tons. This was told by Igor Arakelian, Chief Operation Officer on September 7 at the opening of the season of grapes procurement.
Armenia can refuse the single currency in the Eurasian Economic Union (EEU) if it wants, Armenian economist Vardan Bostanjyan said on September 3, when commenting on Russian President Vladimir Putin's instructions to the Central Bank and the Russian Government about the expediency of creation of a currency union in the EEU.