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.
Two years of Armenia's Eurasian path have deteriorated the situation in almost all areas, according to the Union of Informed Citizens, which has analyzed the situation since Armenia joined the Eurasian Economic Union.
The budget of the vast majority of the Armenian citizens allocated for summer vacations in average does not exceed USD 500 per person. These outcomes were gained by the specialists from M-Info marketing agency as a result of survey of the target audience among the citizens of Armenia.
The personal income tax for Armenian citizens working in the Russian Federation is 13%. The same tax rate applies to the citizens of Belarus and Kazakhstan no matter whether they are tax residents or not, according to the Russian Ministry of Finance, buhonline.ru reports.
Armenian government has made a decision to ease the consequences of the electricity price hike, unaware of how much it will cost the country. There are no references from the Economy Ministry about an increase in budget expenses, which is unprecedented, the Union of Informed Citizens said in a statement provided to ArmInfo.
The main objective of the South-Caucasian Railway (SCRW) is the restoration and development of infrastructure. This was stated by Viktor Rebets, the General Director of the South-Caucasian Railway CJSC during his interview with the journalists.
The economic situation in Armenia depends on development of the Eurasian Economic Union (EEU) member countries' economies, Armenian Prime Minister Hovik Abrahamyan told journalists on September 1.
Russian President Vladimir Putin introduced a bill in the State Duma, which will ratify an agreement on creation of a single financial market between Russia and five countries - Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.
On 1 Jan 2016, LOT (Poland) will resume its regular flights en route Warsaw-Yerevan-Warsaw. "Armenia International Airports" CJSC has told ArmInfo that the flights will be made thrice a week. The planes will fly from Warsaw to Yerevan on Mondays, Wednesdays and Fridays, and from Yerevan to Warsaw - on Tuesdays, Thursdays and Saturdays. The sides have agreed to increase the frequency of flights during the summertime.
At the moment, the Treaty on the Eurasian Economic Union allows authorized veterinary authorities of the Member States to unilaterally impose temporary bans and restrictions on production, which does not meet the requirements of the EEU. As the press service of the Eurasian Economic Commission (EEC) informs, it was stated by the Director of the Department of sanitary, phytosanitary and veterinary measures EEC Oleg Arnautov.
As a result of EUR and USD fluctuation Russian air carriers have decided to raise air ticket prices including those towards Armenia. According to experts, the further increase in air ticket prices will cause even more recession in demand.
Air Armenia airline has embarked on the second phase of overcoming the crisis situation, Sirakan Hambartsoumyan, the head of Marketing Department at Air Armenia, told ArmInfo. He said the registration of the shares at the Agency of the State Register of Legal Entities is over. The company launched this procedure to change its statutory capital and attract investors.
Eduard Sharmazanov, Vice Speaker of the Armenian Parliament told reporters after a meeting of the Republican Party Board that no casino will open at the Karen Demirchyan Concert and Sports Complex or near it.
Armenia has embarked on implementation of two big projects with the Islamic Republic of Iran, Prime Minister Hovik Abrahamyan said on sidelines of Baze-2015 Pan- Armenian Youth Gathering in the resort town of Tsakhkadzor, on August 17.
There is no sense in re-launching the Nairit Plant, once chemical giant of Armenia, Prime Minister Hovik Abrahamyan said on sidelines of Baze-2015 Pan- Armenian Youth Gathering in the resort town of Tsakhkadzor, on August 17.
Government will hold consultations at the Public Services Regulatory Committee over future electricity prices, Prime Minister Hovik Abrahamyan said at the Baze annual youth gathering, on Monday.
On August 15, U.S. Ambassador Richard M. Mills, Jr. visited Lydian International's Amulsar project site in the company of Prime Minister Hovik Abrahamyan and the Minister of Energy, Yervand Zakharyan. The Amulsar project is the largest international investment in Armenia, with a bulk of institutional investors from the United States, the U.S. Embassy in Armenia told ArmInfo.
Air Armenia received US$68.6 million from East Prospect Fund in exchange for 49% of its shares, Air Armenia told ArmInfo. According to the source, the airline is free to use the received funds as necessary. The deal gave Air Armenia guaranteed funds and increased the value of the airline's shares. "The key achievement of the deal is the airline's protection against bankruptcy and other risks," the airline says.
"Deloitte" Company is to handle the audit on the energy system of Armenia, Vache Gabrielyan, the Deputy PM and Minister of International Economic Integration and Reforms, said during the Aug 13 governmental meeting.
By the August 13 governmental decision, Karen Demirchyan Sports and Concerts Complex will be sold to "NTAA Investment Group" for 30 mln USD.
The strategic partnership with Moscow lies at the core of Yerevan's passive stance on the economic cooperation with Tehran. The passiveness is also conditioned by the Moscow and Tehran's clash of energy interests, Stepan Safaryan, Head of the Armenian Institute for International and Security Affairs, told ArmInfo.
ContourGlobal and the Republic of Armenia announced the completion of the acquisition of the assets of the Vorotan hydroelectric facility, a series of three individual power plants with a total electrical capacity of 405 MW on the Vorotan River in southern Armenia, PRNewswire reports.
Spayka, the largest international freight forwarding company in Armenia, engaged also in procurement of agricultural products and manufacture of canned food, will open a new fresh fruit and vegetable processing enterprise in September.
Lydian International and its fully owned subsidiary in Armenia Geoteam CJSC have concluded a series of ESIA consultations around Amulsar Gold Project ESIA. The consultations were held at Amulsar adjacent communities of Gndevaz, Saravan and Gorayk, the town of Jermuk as well as in Yerevan in the period of July 20-23. The consultations were attended by community members, business community, representatives of public sector, experts, NGOs, IFIs, individual stakeholders. Lydian and Geoteam would like to thank all participants for lively discussions, for the questions and suggestions. The questions and proposals will be taken into consideration and added to ESIA addendum to be published with the final ESIA later this year.
"Nairit" ex-employees have been blackmailed and were forced to sign an agreement according to which they will not be demanding fines for arrears in wages, Anush Harutyunyan, the former press secretary at "Nairit" plant, said during an August 5 press conference. She also added that all employees had received their long-promised salaries.
The Armenian authorities keep holding consultations on air transport optimization. On Aug 3 deputy minister of Economics of Armenia Sergey Avetisyan received heads of air carriers operating in Armenia.
On Aug 1ahead of Railroad Man's Day on Aug 2 South Caucasian Railway launched a new tech motrice in Gyumri. The new rolling equipment is designed to carry out check inspections of the railroad transport infrastructure.
The Armenian government will subsidize energy price hike through vending "Vorotan Cascade HPP" CJSC, PM Hovik Abrahamyan told the media on Aug 1 in Gyumri.
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.
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.
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.
TITLE: Russian – English Translator LOCATION: Yerevan, Armenia EMPLOYMENT TYPE: Part-time JOB DESCRIPTION: ArmInfo News Agency is looking for a Russian-English translator to work EVENING SHIFTS (from 4:00pm to 9:30pm). Graduates are encouraged to apply. APPLICATION DEADLINE: 10 Sept 2015