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.
The regular court of Kentron and Nork Marash administrative districts of Yerevan has approved the financial sanation program of Air Armenia company. The company hopes to resume its flights in the near future and to redeem its debts within the next 24 months, Arsen Avetisyan, Director of Air Armenia, has told ArmInfo.
The Nairit Plant employees do not trust the efficiency of the new working group set up to survey the situation at the Plant, Karine Shahverdyan, member of the coordination group of former employees of Nairit Plant, has told ArmInfo.
Newly established Armenia airline company does not inspire trust, former head of Armenia's General Department for Civil Aviation (GDCA), Shahen Petrosyan stated at the today's meeting with journalists, commenting on the media hype around a new airline company entering on the Armenian market of passenger air transportation.
The new air carrier Armenia will launch regular flights on early April 21. The first destinations are Tel-Aviv and Moscow. "The airline has big ambitions and plans. We will be flying to various cities of Russia, to Tehran, Dubai, Prague, Tel-Aviv, Kiev, Minsk, Barcelona, Larnaca, and London," Tamaz Gaiashvili, one of the founders of the company, told a news conference on March 9, promising to expand the geography of flights and take into account the interests of Armenian customers in the company's price policy.
Shareholder of "Armenia" new air line company Tamaz Gaiashvili denied the rumors about the Prime-Minister's relation to this company during today's meeting with journalists.
Lawyers of the South Caucasus Railway (SCR) CJSC jointly with Armenian Police representatives have launched an audit of the funds spent on the company's re-branding, Spokesperson for SCR CJSC Vardan Aloyan told ArmInfo.
The new carrier "Armenia" will launch regular flights in early April, providing an opportunity to travel to the CIS, European and Asian countries at prices starting from $49, Ruben Grdzelyan, Spokesman for the General Department of Civil Aviation of Armenia, has told ArmInfo.
Armenia should first and foremost improve its image, expert from UEAPME Christian Gessl told ArmInfo's correspondent on February 26, noting that this will contribute to improvement of social climate in the country, which in its turn will have positive impact on the development of small and medium business.
Economic crisis that Armenia experiences with other countries is a wonderful opportunity to stop "scientific genocide" in our country, Director of Noravank Scientific and Educational Foundation Gagik Harutyunyan expressed this opinion at a conference "Armenia and EEU business community: problems, expectations and prospects" in Yerevan.
South-Caucasus Railway has approved Labor Protection, Process Safety and Fire Safety Plan for 2016. As the press-service of the Company informed ArmInfo, the document is aimed at improvement of conditions of labor protection, process and fire safety, prevention and exclusion of possible violations in these fields.
Lydian International Limited (100% owner of Geoteam CJSC) has announced that International Finance Corporation (IFC) has proposed to invest 40 million USD in the Amulsar construction financing arrangement.
Sports and Concert Complex after Karen Demirchyan nationalized again
The Krasnodar Territory and Adyghe Republic Division of the Russian Federal Service for Veterinary
The Krasnodar Division of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) suppressed the entry of 22 tons of moth-affected tomato paste from Armenia, Yasno news agency reports, citing Rosselkhoznadzor.