Komatsu (Japan) mining equipment was presented at Teghout on May 23. The press office of Vallex Group has told ArmInfo that the equipment was presented in an almost manufacturing environment.
Prime Minister of Armenia Hovik Abrahamyan received on May 21 Howard Stevenson, President and CEO of Lydian International British company, which implements the Amulsar project.
The 5th session of the Inter-Governmental Council of the Eurasian Economic Union (EEU), which unites Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, is due to start in Yerevan.
Reduced gas price for Armenian consumer will be decided in early June at the session of the Public Services Regulatory Commission of Armenia, Minister of Energy and Natural Resources of Armenia Levon Yolyan told journalists.
US business should serve as model of successful management with no corruption elements for Armenia; US Ambassador to Armenia Richard Mills expressed this opinion during Armenian-US business forum which was held on May 18 in Yerevan.
Polish side has great expectations with the sector, in which "Lubawa", an Armenian-Polish joint enterprise, operates. In this context positive dynamics is expected, said Radoslaw Domagalski-Labedzki, Poland's Deputy Minister for Development on the sidelines of the fifth meeting of the Armenian-Polish Intergovernmental Commission on Economic Cooperation.
VivaCell-MTS announces that due to some technical issues part of the Company's subscriber's experienced Internet disruptions. Voice services have been intact, the press office of VivaCell-MTS has told ArmInfo.
European Bank for Reconstruction and Development will provide 14.6 mln EUR to Armenia for improving the streets of Gyumri city. Deputy Prime Minister, Minister for International Economic Integration and Reforms Vache Gabrielyan, who is attending EBRD 25th Annual Meeting in London signed the relevant agreement with the bank.
Beeline announces that the Drive Mobile Internet subscribers will receive ZTE MF65M Wi-Fi routers for the special price of AMD 100. As the press- service of the company informs the special price is available for people who get a 24-months subscription to the Drive 5, Drive 15 and Drive 40 Mobile Internet tariff plans.
The Armenian Government did not set itself a task to limit the import of Turkish goods to Armenia, Armenian Prime Minister Hovik Abrahamyan told reporters in Yerevan on May 11. He said that the Government is taking consistent measures to inspect the quality of imported products on the border.
VivaCell-MTS has always kept borderland communities at the center of its attention. The press office of VivaCell-MTS has told ArmInfo that this time the company has refurbished the computer class of Vahan secondary school with 10 computers. It will help to integrate modern technologies into the teaching process. Owing to VivaCell-MTS support, two years ago high-speed internet connection and a free 3G Wi-Fi router were provided to the school. 155 pupils of Vahan School have become beneficiaries of the implemented project.
The decline in the Russian economy has resulted in an economic slowdown in the countries of the Central Asia, Eastern Europe, and the Caucasus, Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD) told reporters.
In Q1 2016, Vallex Group, which develops the Teghout copper molybdenum deposit, ensured 57% growth in output, Armenian Prime Minister Hovik Abrahamyan said during his visit to the deposit on May 4.
Minister of Economy of Armenia Artsvik Minasyan told journalists today that he will make every effort to save Nairit plant. I adhere to the same position and will make every effort to preserve Nairit", the minister stated. The minister refused to comment on the remark that after his visit to the plant last week all the remaining employees were dismissed. "I am not aware who spreads such information and I do not want to talk about this", Minasyan stated.
The employees and the managing staff of the Nairit chemical plant have receive notifications about their dismissal on July 1 2016, Karine Shahverdyan, a member of the NAIRIT NGO Coordination Group of the former employees of the chemical giant, told ArmInfo. She said the employees have not received salaries since February. Considering the Plant's new arrears of wages (for 3 months), it is not surprising that the remaining 480-500 staff members received dismissal notifications.
This year about 10 railway casualties have already been registered in Armenia, including 1 fatality and 2 cases with grave consequences. In the remaining 7 cases, pets were negligently left on the rail tracks, Levon Hakobyan, South Caucasus Railway (SCR) Deputy Director for Safety, said on April 28. He noted that in 2015 there were 44 such cases.
On May 11, at 6 pm, Teghout CJSC will hold a meeting with public representatives interested in the project on development of the Teghout copper-molybdenum deposit. The meeting will be held at the Culture House of Shnogh village (Lori province).
On April 23 Armenian President Serzh Sargsyan visited Cascade Holding, which is a member of Tashir Group of companies and is located on the territory of Shengavit administrative district, the President particularly attended the opening of the enterprise on producing high quality electr®-technical equipment.
During the Eurasian intergovernmental state session the sides agreed that the regular meeting of Eurasian Economic Union (EEC) Prime Ministers will be held in Yerevan on May 20 , the commission's Facebook page informs.
Russian Prime Minister Dmitry Medvedev who travelled to Armenia on April 7 held a joint press briefing with Armenian Prime Minister Hovik Abrahamyan saying the practical implementation of Armenian NPP Life Extension project has been launched.
Armenian economy diversification is one of the basic issues, IMF Resident Representative to Armenia Teresa Daban Sanchez has told ArmInfo. She said that the economy is to be focused on remittances and retail. Among the most promising sectors, she pointed out agriculture and tourism, which provide an opportunity to diversify the economy. But diversification needs time and investment programs.
Armenia and Russia have agreed on reducing the price on Russian gas exported to Armenia to 150 USD for 1000 cubic meters, this agreement was reached during Russian Prime Minister Dmitry Medvedev's visit to Armenia.
The European Bank for Reconstruction and Development (EBRD) is providing EUR 5.5 million loan to Armenia for implementation of modern solid waste management solutions in Kotayk and Gegharkunik regions. The loan amount consists of a previously signed EUR 3.5 million and a newly added EUR 2 million EBRD sovereign loan, the press-service of the EBRD reports.
Operation of thermal power plants is more expedient for Armenia in the long-term outlook, the newly appointed IMF Mission Chief to Armenia Hossein Samiei stated at today's news conference in response to ArmInfo's question. He recalled that Russia expressed readiness to assist Armenia in implementing the Armenian NPP Lifetime Extension Project for a period of 10 years. It was a proposal the Government could not deny, he said. In fact, Samiei believes that Armenia needs alternative sources of energy, in particular, thermal power plants. He said the World Bank shares these views too.
IMF sees the need to improve Taxation Code of Armenia in view of possible shocks and challenges to the fiscal system of the country, Hossein Samiei, the IMF Mission Chief to Armenia, told a news conference on April 6.
International Monetary Fund (IMF) has upgraded its forecast for Armenia's economic growth in 2016 to 2.25-2.5% versus earlier forecasted 2.2%, the newly appointed IMF Mission Chief to Armenia Hossein Samiei stated at today's press conference and added that Armenia's economy growth prevails over the indicators of Caucasus region and Central Asia, for which IMF has forecasted 1-15% growth.
The 16th annual San Francisco World Spirits Competition was held March 17-20 at Hotel Nikko in SF. Yerevan Brandy Company's ArArAt 10 year-old Akhtamar Brandy won a gold medal and ArArAt 5 Star Brandy won a silver medal, according to the YBC press-office.
Without development of nuclear energy Armenia will face serious environmental problems, as it will have to use its water resources at full. Knarik Hovhannisyan, a well-known Armenian environmentalist, specialist in water resources, Ph.D in Engineering Science, made such statement talking to ArmInfo's correspondent.
It's true that the gas price will drop but it is for the talks to show how much it will drop, Armenian Prime Minister Hovik Abrahamyan told reporters on March 25.
On March 21 the Minister of Energy and Natural Resources of Armenia called for consolidation of joint efforts for restarting Nairit, a giant chemical plant in Armenia, during a meeting held with the former employees of the plant.
As promised, the first tickets of Armenia air carrier have become available, and the first flight will be to Tel Aviv. "For the time being, we are offering the cheapest tickets Yerevan-Tel Aviv," Gevorg Khachatryan, the spokesperson for Armenia Airline, told ArmInfo.