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.
17:21 | January 19, 2017
Four months of training will afford at least 400 women of Artik and surrounding villages jobs at the factory. The first phase of training will see two groups of 20-25 take the one-and-a-half-month course.
14:39 | November 16, 2016
On November 16, the U.S. Embassy in Yerevan, in partnership with the Ministry of Economic Development and Investments, the Ministry of Energy and Natural Resources, and HSBC Bank, organized a one-day sustainable mining business conference. The goal was to connect Armenian mine operators with well-known U.S. companies that offer products and services that ensure greater mine productivity, employee safety, and nature protection. Representatives from seven leading U.S. companies and 35 Armenian mining companies attended the event.
17:16 | June 27, 2016
Armenia has one of the highest shares of inexpensive hydroelectricity generation; the lowest shares of expensive natural gas generation; and a high share of inexpensive nuclear power generation.
15:00 | June 15, 2016
Arskar Ltd., a company solely owned by Anastas Arsenyan, brother of Armenian MP Ashot Arsenyan, plans to operate an open-pit sand and gravel mine a mere 2.5 kilometers from the resort/spa town of Jermouk.
10:50 | June 15, 2016
The drop can be linked to the devaluation of the Russian ruble and Armenia’s accession to the Eurasian Economic Union (EEU). Aside from Russia, Armenia doesn’t trade much with other EEU member states.
13:29 | May 21, 2016
Armenian Prime Minister Hovik Abrahamyan today met with Howard Stevenson, President and CEO of Lydian International, a company registered in gthe Channel Islands planning to invest US$400 million in the Amulsar Gold Project in southern Armenia.
14:30 | March 4, 2016
Arkady Gevorgyan, former president of Armenia’s Union of Fish Farmers, says that the sector is in bad shape due to the fact that Russia’s middle class, where a majority of Armenia’s fish exports went, are no longer consuming the product due to a weakened ruble.
13:21 | February 17, 2016
While the Armenian government continually boasts that the country’s industrial output grew by 5% in 2015, the press and professional pundits have, in contrast, factually proven that the uptick was mainly the result of a 50.4% increase in mining production and that industrial output has actually decreased in all other sectors of the economy.
14:01 | December 18, 2015
Armenian Prime Minister Hovik Abrahamayan and Roman Khudoliy, Chief Executive Officer of the GeoProMining (GPM) Group, discussed mining prospects in Armenia during their meeting today in Yerevan.
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