The company in question is Baktek Eco Ltd. which is owned by Grigor Badiryan (65%) and Azat Vardanyan (35%)
The bulk of the money transfers from the Eurasian Economic Union (EEU) to Armenia so far this year come from Russia.
Readers might be surprised to learn that despite closed borders, for the past four years Armenia has been importing the bulk of its wood and wood by-products from Turkey.
Arman Nazaryan, a resident of the Goghtanik village in Armenia’s Vayots Dzor province, was so concerned that a number of neglected stone crosses and tombstones he’s come across might be historically valuable, that’s he’s gone to the press top raise the alarm.
The Turkish-based multinationalAnadolu Group officially launched the operation at its US$200 million Paravani hydro-electric plant in the Armenian-populated Javakhk region of Georgia.
With the deadly Ebola virus running rampant in certain eastern African countries, the Armenian government has said that is taking measures to beef-up security at points of entry into the country.
Two years ago the Georgian Ministry of Education and Science introduced a bilingualinstructional system throughout Armenian schools in the country.
Armenia has open border with only two countries – Georgia to the north and Iran to the south.
Armenia: Foreign Investment Inflows 2007- 2013
An Armenian court today postponed the trial of two men accused of attempting to transport 850 kilos of heroin through Armenia to Europe.
Since it isn’t a required course, the Georgian education ministry doesn’t fund the allocation of Armenian history textbooks.
At a regional conference today in Yerevan regarding the illegal drug trade, former Armenian prosecutor general Aghvan Hovsepyan noted that Armenia must pay greater attention to combating the menace because Armenia might become a transit country.
During a coffeebreak at a press conference today in Yerevan regarding ways to combat the illegal drug trade in the region, former prosecutor general Aghvan Hovsepyan claimed that systematic corruption within the prosecutor’s office had long since been dealt with and no longer exists when asked by reporters to comment on the current state of the office.
According to U.S. Ambassador to Armenia John Heffern, the sale of the three hydroelectric power plants in Armenia (Vorotan Cascade), to U.S. energy giant ContourGlobal has yet to be finalized despite early government reports to the contrary.
According to a Hetq source, Nairit stockholders met and voted today to dismiss Hovhannes Hakhinyan as the director of the financially strapped rubber plant, replacing him with Ruben Saghatelyan, the current production division deputy director.
Every since mid-August, the main concern on the mind of Ghadolar residents in the Georgian Akhalkalak area has been the wheat harvester.
Summer vacation is a relative concept. Here, classmates Anahit and Varsham, both 15, lend a hand getting the winter fodder back to the barn.
VTB Bank (Armenia) CJSC claims that the sanctions recently applied by the United States on three Russian state-owned banks won't affect clients in Armenia.
Vanadzor-Kimprom CJSC, has become the latest corporate victim of murky offshore transactions plaguing Armenia. Since 2007, 100% of the company’s stock has been owned by Roding Commercial Ltd., an offshore concern.
Archbishop Vazgen Mirzakhanyan, Primate of the Armenian Apostolic Church in Georgia, told Hetq that he has no doubt that yesterday’s assault by a mob of fifty on the clergy and staff at the Tbilisi Holy Etchmiadzin Church was organized and premeditated.
Employees of the Nairit rubber plant have once again gathered outside the Armenian Government building in downtown Yerevan.
There are major forces at play here and the prime mover is none other than Gagik Khachatryan, Armenia’s Minister of Finance. Scratch the surface and you’ll find that the individuals behind the demolition of one of the remaining historic sites in Yerevan are connected to Khachatryan.
Georgian citizen Avtandil Martiashvili, arrested in the largest drug bust ever in Armenia, has pleaded not guilty to the charge of transporting contraband.
Former member of Georgian parliament, head of the Non-Parliamentary Opposition's Akhalkalaki election headquarters Melik Raisyan, in conversation with Hetq, said that the municipal elections in Javakhk yesterday were held with unprecedented violations.
Armenia’s Prosecutor General’s Office has told Hetq that the extradition of businessman Ashot Sukiasyan from Tbilisi to Yerevan will take place in a matter of days.
The Cyprus registered company Four Assist Development Consulting Ltd (4Assist) has taken the Control Chamber of Armenia to task for publishing a number of inaccuracies regarding 4Assist that appeared in its “2013 Annual Report”, demanding that corrections be made.
The case of 927.6 kilos of heroin discovered by Armenian customs officers will be sent to court in one month's time. Public defender Artak Garoyan, who is Turkish citizen Osman Oğurlu's attorney, in conversation with Hetq, said the defense is now working on changing the charge against Oğurlu.
The Control Chamber of the Republic of Armenia (RA) in its last report recorded the ineffective management of grants transferred to a Cyprus company.
I think our engagement needs always if there is trans-boundary cooperation, the engagement of both sides
The local self-government elections in Georgia will be held on June 15. Members of local government councils, heads of regional administration, and mayors (including of Tbilisi, the capital) will be elected by vote. A new alliance was established in Georgia with the aim of participating in these elections — "Non-parliamentary opposition". Free Georgia, one of the parties in the alliance, began its campaign also in Javakhq.
On April 25, The Iranian company SandbadTir INTL Transport Co.LTD dropped its suit to have Armenia’s Nairit Plant declared bankrupt.
For the fourth consecutive time, the trial pitting the Iranian company SandbadTir INTL Transport, against Nairit Plant CJSC in Armenia, was again postponed today.
It appears that there’s an Azerbaijani connection to the banking sector in Armenia.
The Bioresources Management Agency had prepared a spread of fresh fruit for the Swiss journalist and German camera operator visiting its office. Halfway through the conversation, Ziroyan remembered he had a bottle of "delicious Armenian wine" in the fridge, very much trying to persuade us to taste it: "Drink a little bit; it's very good. Drink so you don't write something [bad] about us."
Formerly imprisoned Russian businessman Mikhail Khodorkovsky now-defunct Yukos Oil Company established a subsidiary in Armenia that, in turn, founded its own daughter companies with their total assets amounting to more than double the Republic of Armenia's state budget in 2006. While Rosneft (an oil company majority owned by the Russian government) and Yukos' Armenian subsidiary continue to battle in foreign courts for control over other...
What a former Armenian Army general is doing with an endangered species prowling around his palatial; Etchmiadzin home is anyone’s guess.
Today, the trial in which the Iranian company SandbadTir INTL Transport Co. Ltd. is demanding that Nairit Plant CJSC be declared bankrupt continued in Yerevan’s Shengavit Court of First Instance.
Swiss reporter Karl Ammann and cameraman Klaus Sparwasser have arrived in Yerevan to produce a film for German TV station ZDF regarding Armenia’s role in the trafficking of endangered animal species.
Nairit Plant does not wish to comment on a Moscow court's ruling against it. Asked by Hetq whether the rubber plant is preparing to pay the amounts ordered by the court or to appeal the ruling, head of Nairit Plant's media and public relations department Anush Harutyunyan was quite curt in her response: "We're not responding to these questions at this moment, as we don't have grounds [to do so]."
Georgia is examining the documents it received from Armenia regarding extraditing businessman Ashot Sukiasyan, Temur Dolidze, head of the press service of the Georgian Prosecutor-General, informed Hetq.
Permits will no longer be provided for fish farming in the Ararat Valley, said Deputy Prime Minister and Minister of Territorial Administration of the Republic of Armenia Armen Gevorgyan at a conference today.
Karen R. Hilliard, the USAID Mission Director to Armenia, says that this wasn’t a problem just 6-8 years ago but that the unrestricted growth of fish farms and unregulated water usage has made it one.
At first glance, it would appear that the fight is over $1 million. In reality, the Armenian registered Yukos CIS is a key to reveal the other companies of Yukos and to control their capital and shares. And that capital is in the millions of dollars.
It appears that SandbadTir INTL Transport, the Iranian company that has filed a bankruptcy lawsuit against Nairit Plant CJSC in Armenia, doesn’t have an official address.
Avtandil Martiashvili, the driver, had entered Armenia from Iran and was headed for Georgia. He was arrested on the spot and charged with drug smuggling. A Turkish citizen, Osman Oğurlu, was arrested several days later in Yerevan as an accomplice.
Georgi Elibekov, an Armenian member of the Georgian Dream political alliance has recently charged Bishop Vazgen Mirzakhanyan, Primate of the Armenian Apostolic Church Diocese of Georgia of mismanaging some US $940,000 allocated to the diocese by the Bidzina Ivanishvili Foundation.
In its continuing investigation into Armenia’s involvement in the illegal trafficking of endangered animal species, Hetq has learnt that two more bonobos (Pan paniscus) were imported into Armenia in 2012 in addition to the two already written about by Hetq.
With the goal of providing a systematic solution to issues of effective use of water resources in Ararat valley, the Ministry of Nature Protection of the Republic of Armenia (RA) is proposing amendments and additions to the RA Water Code, and the RA laws on the Republic of Armenia's National Water Program, on Licensing, and on State Tax.
While the Areg Art Union, located in the Akhalkalak village of Tourtskh, was officially registered on Dec. 31 of last year, it can’t start operating due to a lack of funds.