12:22 | March 1, 2017
By a vote of 62 to 18, Armenia’s National Assembly today ratified a 44 million Euro loan project with the Asian Development Bank that will improve and rehabilitate the M6 Highway between Vanadzor and Bagratashen.
14:08 | February 28, 2017
Armenia’s First Deputy Minister of Transport, Communications and IT Artur Arakelyan went before the parliament today to get approval for a 44 million Euro loan agreement, signed on November 9, 2016 with the Asian Development Bank, to rehabilitate and upgrade the M6 Vanadzor-Bagratashen highway.
13:58 | February 23, 2017
At a meeting today in Yerevan, Mr. Shankar Shinde, Vice Chairman of the Federation of Freight Forwarders Associations in India (FFFAI), told Armenian Minister of Transport, Communications and IT Vahan Martirosyan that his organization wants to use Armenia as a conduit for trade between India and Iran and that he would like the ministry’s help in the matter.
13:27 | February 23, 2017
Armenia’s Minister of Economic Development and Investment Souren Karanian was all smiles today telling reporters after a government cabinet session that several economic indices have seen positive change.
16:50 | February 17, 2017
The numbers above show that more than half of the tax revenue in the budget is still contributed by large businesses. However, the contribution of SMEs is not proportionate to their role in economic activity.
15:18 | February 17, 2017
At a Yerevan press conference today, former foreign minister Vardan Oskanian of the ORO alliance (Ohanian, Raffi, Oskanian), pledged to do away with speed cameras and paid street parking if their ticket came to power in the April 2 parliamentary election.
23:11 | February 14, 2017
Daily flights in and out of Kapan soon increased to 10-12. On days featuring football matches in Yerevan, some 16 flights took off. Ten s of thousands flew to Yerevan and back without incident. The Kapan airport closed after 1990, due to several objective and subjective reasons, and fell into disrepair.
15:48 | February 9, 2017
Armenia is one of the countries where the EBRD's Local Currency and Capital Markets Development (LC2) Initiative has delivered its best and most visible results, setting the stage for further development of local capital markets.
19:00 | February 6, 2017
Unibank has launched automation and centralization of the procedure of processing customers’ applications on the basis of the CRM-system. The project partner is Protobase Laboratories, with which Unibank has been cooperating since 2013 in the spehere of introducing latest IT solutions.
13:53 | January 31, 2017
Transfers started to fall in 2014 due to a faltering economy in Russia, where the bulk of those leaving Armenia for seasonal work go to. A drop in oil prices and sanctions imposed by the West made matters worse.
13:04 | January 27, 2017
At a meeting today with Naouf Al-Enezi, Kuwait’s newly appointed ambassador to Armenia, Armenian Prime Minister Karen Karapetyan said his government was ready to strengthen relations between the two countries, especially in the economic sector.
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