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.
This is four spots up the ladder when compared to its 78th ranking in 2015.
This is just one highlight of a new World Bank report entitled “Armenia Strategic Mineral Sector Sustainability Assessment” regarding the mining sector in Armenia.
Armenian President Serzh Sargsyan today relieved Gagik Ghalachyan of his duties as Armenia’s ambassador to Greece, Albania, Cyprus, Serbia, and Bosnia and Herzegovina.
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.
The Karabakh Line of Contact was relatively calm last night despite Azerbaijani small arms and sniper fire, the NKR Ministry of Defense reports.
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