Regional

31/07 15:29 Distinguished Railroadmen Awarded ahead of Railway Worker's Day

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.

30/07/2015 13:09

Zhamanak newspaper: Electric Networks of Armenia CJSC to have a new owner by October 2015

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.

27/07/2015 16:44

PSRC invites international advisory companies to assess energy system of Armenia and take part in elaboration of a strategic program for 2016-2036

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.

24/07/2015 17:57

"Lydian International": Possible Environmental and Social Impacts of Amulsar Gold Project

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.

24/07/2015 15:26

Armenian Public Council approves "Armenia" International Airports CJSC's proposal to preserve central tower of Zvartnots Airport's old building

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.

24/07/2015 10:02

Foreign air carriers' representatives in Armenia do not intend to reduce ticket prices

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.

23/07/2015 11:23

Armenian Population Saving Money on Meat, Sugar and Oil

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.

22/07/2015 18:15

Has Gagik Tsarukyan's "Luding" Company Ceded Leadership of Main International Wine Supplier to Russian Market?

"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.

21/07/2015 15:23

Source: "ENA"'s Losses to be Covered through Selling "Vorotan Cascade HPP"

The Armenian government has taken a decision to sell "Vorotan Cascade HPP" to cover the losses of the "Electric Networks of Armenia".

18/07/2015 15:24

DoubleTree by Hilton Hotel Opening in Yerevan

The opening ceremony of DoubleTree by Hilton hotel took place in Yerevan on July 18. President of Armenia Serzh Sargsyan attended the opening.

09/07/2015 00:59

Watchdog Approving ENA's 8.6 bln AMD Investment Project

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.

09/07/2015 00:44

ENA Press Secretary: ENA not Thinking of Bankruptcy

"Electric Networks of Armenia" is not to announce of bankruptcy, Natalya Sarjanyan, the press secretary of the ENA, told the media on July 8.

09/07/2015 00:41

ENA Quashing Rumours that Head of "Tashir Group" might Purchase the Company

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.

09/07/2015 00:23

Regulatory Authority Imposing 60-mln-AMD Fine on "Electric Networks of Armenia"

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.

08/07/2015 13:22

G-G Solutions delivers first lot of CNG Dispensers to Russia

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.

07/07/2015 14:40

Remuneration Rates and Position Salaries of 1645 "South Caucasus Railways" Employees Raised Starting July 1

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.

03/07/2015 16:13

Electric Networks of Armenia keen to ensure its receivables through court action

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).

30/06/2015 14:08

Newspaper: Americans and Europeans want to buy Electric Networks of Armenia

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.

30/06/2015 13:47

Newspaper: High electricity and gas tariffs will hamper re-launch of Nairit Plant

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.

29/06/2015 13:44

Inter RAO refutes reports on sale of its Armenian subsidiary

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.

29/06/2015 13:37

EBRD Office confirms: it has not filed a claim against Electric Networks of Armenia

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.

29/06/2015 12:40

Minister: Audit of Electric Networks of Armenia may take 3-6 months

Audit of Electric Networks of Armenia (ENA) may take 3-6 months, David Haroutiunyan, Minister-Chief of the Government Staff, said on Armenian TV.

29/06/2015 12:37

Minister: Public Services Regulatory Committee will also undergo international audit

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.

25/06/2015 15:53

Yerevan-Tbilisi Flights to be Resumed Starting June 29

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.

24/06/2015 14:06

Geoteam CJSC has already invested over USD 2 million in corporate social responsibility programs

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.

22/06/2015 18:16

Armenia to announce measures to be implemented under embattled Iran-Armenia project

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.

22/06/2015 12:22

Parliament of Armenia ratifies investment program on re-treatment of tailings of Zangezur Copper Molybdenum Combine

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.

20/06/2015 14:52

Deputy Minister: Armenia has no real alternative to Nuclear Power Plant

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.

20/06/2015 14:18

Expert: Non-involvement of Armenia in regional energy projects destabilizes situation in South Caucasus

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.

20/06/2015 14:17

Deputy energy minister of Armenia does not guarantee prevention of another growth in electric power tariffs in 2015

Armenian Deputy Minister of Energy and Natural Resources Areg Galstyan thinks that the demands of the "No to Robbery!" civic initiative are groundless.

18/06/2015 14:05

New owner of Vorotan Cascade of HPPs granted license for 25 years

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).