News from Armenia and Diaspora, information-analytic center, Armenian News portal Noyan Tapan


Purchase and sale transactions of 1 million 50 thousand
dollars carried out at Nasdaq Oemex Armenia OJSC on October 19
  • Economy
  • 2009-10-19 18:08:00

YEREVAN, OCTOBER 19, NOYAN TAPAN. Purchase and sale transactions of 1 million 50 thousand dollars at the weighted average exchange rate of 388.63 drams per dollar

IFC to help Ardshininvestbank improve risk management
practices
  • Economy
  • 2009-10-19 17:42:00

YEREVAN, OCTOBER 19, NOYAN TAPAN. The International Finance Corporation (IFC), a member of the World Bank Group, has signed an advisory services agreement with Ardshininvestbank (Armenia) to

Field work on uranium prospecting under way in Armenia
  • Economy
  • 2009-10-16 20:36:00

YEREVAN, OCTOBER 16, NOYAN TAPAN. Field work on uranium prospecting is under way in Armenia, Minister of Energy and Natural Resources Armen Movsisian announced during the

Opportunities of Armenia's supplying Turkey with
electricity become real after signing of protocols
  • Economy
  • 2009-10-16 20:36:00

YEREVAN, OCTOBER 16, NOYAN TAPAN. The agreement on power delivery from Armenia to Turkey envisaged exporting power to Turkey from April 1, 2009, but the political

Field work on construction of Iran-Armenia oil pipeline and
terminal to begin in early 2010
  • Economy
  • 2009-10-16 20:36:00

YEREVAN, OCTOBER 16, NOYAN TAPAN. The feasibility study on Meghri Hydropower Plant is finishing. RA Minister of Energy and Natural Resources Armen Movsisian said at the

Armenia integrates its energy system with other grids in
region
  • Economy
  • 2009-10-16 20:36:00

YEREVAN, OCTOBER 16, NOYAN TAPAN. The RA Ministry of Energy and Natural Resources is implementing work on integration of the country's energy system with other grids

Purchase and sale transactions of 400 thousand dollars
carried out at Nasdaq Oemex Armenia OJSC on October 16
  • Economy
  • 2009-10-16 20:06:00

YEREVAN, OCTOBER 16, NOYAN TAPAN. Purchase and sale transactions of 400 thousand dollars at the weighted average exchange rate of 387.44 drams per dollar were carried

European Commission proposes providing 100 million euros of
macroeconomic assistance to Armenia
  • Economy
  • 2009-10-16 20:06:00

YEREVAN, OCTOBER 16, NOYAN TAPAN. The European Commission on October 14 proposed providing macroeconomic assistance to Armenia in the form of a loan of 65 million

EBRD plans to invest 16.2 million euros for modernization
of Yerevan subway
  • Economy
  • 2009-10-15 20:14:00

YEREVAN, OCTOBER 15, NOYAN TAPAN. Mayor of Yerevan Gagik Beglarian on October 15 received a delegation led by Jean-Patrick Marquet, European Bank for Reconstruction and Development (EBRD)

CBA Board leaves 5% refinancing rate unchanged
  • Economy
  • 2009-10-15 20:14:00

YEREVAN, OCTOBER 15, NOYAN TAPAN. The Central Bank of Armenia (CBA) Board made a decision to leave the 5% refinancing rate unchanged. The interest rates of

Purchase and sale transactions of 2 million USD carried out
at Nasdaq Oemex Armenia OJSC on October 15
  • Economy
  • 2009-10-15 18:16:00

YEREVAN, OCTOBER 15, NOYAN TAPAN. Purchase and sale transactions of 2 million dollars at the weighted average exchange rate of 386.5 drams per dollar were carried

1.7 billion drams to be allocated from Stabilization Fund
for rehabilitation of 26 community roads in Armenia
  • Economy
  • 2009-10-15 16:52:00

YEREVAN, OCTOBER 15, NOYAN TAPAN. At the October 15 sitting, the Armenian government made a decision to allocate 1.7 billion drams from the Stabilization Fund (established

Government extends term of "temporary import" customs
regime for Team Energy company
  • Economy
  • 2009-10-15 14:42:00

YEREVAN, OCTOBER 15, NOYAN TAPAN. At the October 15 sitting, the Armenian government made a decision to extend the term of the "temporary import" customs regime

Specialists prepared by Armenian Association of Accountants
and Auditors to be in greater demand soon
  • Economy
  • 2009-10-14 20:40:00

YEREVAN, OCTOBER 14, NOYAN TAPAN. On the occasion of International Day of Standards, RA Prime Minister Tigran Sargsyan visited on October 14 the RA National Institute

5th power unit of Hrazdan TPP to have capacity of 480 MWt
after its modernization
  • Economy
  • 2009-10-14 19:34:00

YEREVAN, OCTOBER 14, NOYAN TAPAN. The work on modernization of the 5th power unit of the Hrazdan Thermal Power Plant (TPP) is scheduled to finish in

Sale and purchase transactions of 1.65 million dollars
carried out at Nasqaq Oemex Armenia on October 14
  • Economy
  • 2009-10-14 17:18:00

YEREVAN, OCTOBER 14, NOYAN TAPAN. Sale and purchase transactions of 1.65 million dollars at the weighted average exchange rate of 385.43 drams per dollar were carried

Ameriabank to implement programs on small hydropower plants
construction and SME crediting
  • Economy
  • 2009-10-14 16:00:00

YEREVAN, OCTOBER 14, NOYAN TAPAN. Ameriabank has completed negotiations with international financial organizations on the credit programs for construction of small hydropower plants and crediting of small

Exhibition of MCA-Armenia Program's Water-to-Market
Activity to be held in Yerevan on October 13-14
  • Economy
  • 2009-10-12 23:00:00

YEREVAN, OCTOBER 12, NOYAN TAPAN. An exhibition of the Water-to-Market (WtM) Activity of the Millennium Challenge Account-Armenia (MCA-Armenia) Program will be held in Yerevan on October 13-14.

"Buy the Armenian" national campaign to start on November 1
  • Economy
  • 2009-10-12 23:00:00

YEREVAN, OCTOBER 12, NOYAN TAPAN. "Buy the Armenian" national campaign as part of the Water-to-Market (WtM) Activity of the Millennium Challenge Account- Armenia (MCA-Armenia) Program will start

New milk-collection center to open in border village of
Azatamut

YEREVAN, OCTOBER 12, NOYAN TAPAN - ARMENIANS TODAY. The
Hayastan All-Armenian Fund is currently building a
milk-collection center in Armenia's Ta
  • Economy
  • 2009-10-12 23:00:00

According to a report of the Fund, the milk-collection center will be a two-story facility: the milk-collection center with necessary equipment will be located on the

Tigran Sargsyan receives delegation of IMF executive
directors
  • Economy
  • 2009-10-12 20:00:00

YEREVAN, OCTOBER 12, NOYAN TAPAN. Armenian Prime Minister Tigran Sarsgyan received the delegation of the executive directors of the International Monetary Fund (IMF) on October 12. He

587 thousand users connected to gas consumption system of
Armenia as of October 1
  • Economy
  • 2009-10-12 20:00:00

YEREVAN, OCTOBER 12, NOYAN TAPAN. 587,008 users were connected to the gas consumption system of Armenia as of October 1. The number of gas users grew

Hrant Bagratian: In case of border's opening, oligarchic
economy of Armenia will collide with noncentralized and dynamic
private sector of Turkey
  • Economy
  • 2009-10-09 20:00:00

YEREVAN, OCTOBER 9, NOYAN TAPAN. In case of opening the Armenian-Turkish border, the trade will enable to lower production prices in Armenia. However, as former Prime

No bonuses to be given for cash register receipts in 4th
quarter of 2009
  • Economy
  • 2009-10-08 23:00:00

YEREVAN, OCTOBER 8, NOYAN TAPAN. In accordance with the decision made by the RA government at the October 8 sitting, no bonuses will be given for

Government takes decision on deferal of VAT payment by
Shamb Business company for three years
  • Economy
  • 2009-10-08 22:00:00

YEREVAN, OCTOBER 8, NOYAN TAPAN. During October 8 sitting, the Armenian government took a decision to defer the payment of value added tax of 810 thousand

Free economic zone to be created in Meghri, in addition to
Gyumri and Zvartnots Airport
  • Economy
  • 2009-10-08 22:00:00

YEREVAN, OCTOBER 8, NOYAN TAPAN. At the October 8 sitting, the Armenian government approved the draft decision on the establishment of the Gyumri Economic Development Fund.

Chargeable roads construction project to be also included
in investment program of North-South transport corridor
  • Economy
  • 2009-10-08 21:00:00

YEREVAN, OCTOBER 8, NOYAN TAPAN. At the October 8 sitting, the RA government approved the reports on the framework of environmental assessment and research and on

Positive forecasts made about state of Armenian IT sector
in early 2010
  • Economy
  • 2009-10-08 21:00:00

YEREVAN, OCTOBER 8, NOYAN TAPAN. Despite the global financial and economic crisis, sales of products made by Sorcio company engaged in the Armenian IT sector grow

Shadow economy and restricted ways to international markets
cause monopoly phenomena in Armenia
  • Economy
  • 2009-10-07 21:00:00

YEREVAN, OCTOBER 7, NOYAN TAPAN. The jubilee 30th two-day sitting of the CIS Interstate Council for Antimonopoly Policy (ICAP) started in Yerevan on October 7. Among

Natural gas supply of Armenia to resume late October 6
  • Economy
  • 2009-10-06 21:00:00

YEREVAN, OCTOBER 6, NOYAN TAPAN. Preventive repairs and tests on the North Caucasus - Transcaucasia gas main were completed in the morning of October 6. At

Second Expo-Russia Armenia to be held in Yerevan on October
29-31
  • Economy
  • 2009-10-06 19:00:00

YEREVAN, OCTOBER 6, NOYAN TAPAN. More than 70 Russian companies are expected to participate in the second Russian industrial exposition Expo-Russia Armenia to be held at

It is envisaged allowing government to exceed 3% limit of
interprogram redistributions
  • Economy
  • 2009-10-06 18:00:00

YEREVAN, OCTOBER 6, NOYAN TAPAN. The RA National Assembly on October 6 passed in the first reading the previously discussed bill on approval of the 3-year

DigiTec 2009 opens in Yerevan
  • Economy
  • 2009-10-02 22:00:00

YEREVAN, OCTOBER 2, NOYAN TAPAN. The DigiTec 2009 international exhibition opened at the Karen Demirchian Sports and Concert Complex in Yerevan on October 2. The event

Revenues from repayment of loans amount to 6.5bn drams in
January-August 2009
  • Economy
  • 2009-10-02 21:00:00

YEREVAN, OCTOBER 2, NOYAN TAPAN. Loans of 79bn drams were provided from the state budget of RA to Armenian residents in January-August 2009, with this index

Revenues of Armenian state budget amount to 415.5 billion
drams in January-August 2009
  • Economy
  • 2009-10-02 20:00:00

YEREVAN, OCTOBER 2, NOYAN TAPAN. The RA state budget's revenues amounted to 415.5bn drams, expenditures - 494.5n drams in January-August 2009, which ensured the implementation of

State budget expenditures make 494.5 billion drams in
January-August 2009
  • Economy
  • 2009-10-02 20:00:00

YEREVAN, SEPTEMBER 2, NOYAN TAPAN. The expenditures of the RA state budget amounted to 494.5bn drams in January-August 2009, including expenditures of 9.8bn drams at the

Ruben Vardanian among top twenty business leaders of Russia
  • Economy
  • 2009-10-01 22:00:00

MOSCOW, OCTOBER 1, NOYAN TAPAN - ARMENIANS TODAY. President of Troyka Dialog Group Ruben Vardanian is one of the top twenty business leaders in Russia.

Members of ARF and RPA factions speak about possible
positive and negative consequences of Armenian-Turkish border's
opening
  • Economy
  • 2009-10-01 22:00:00

YEREVAN, OCTOBER 1, NOYAN TAPAN. Without solution of a number of problems, the opening of Armenian-Turkish border cannot have a positive impact on Armenia's economy, member

According to Bagrat Yengibarian, Armenia strives to become
leader in IT markets
  • Economy
  • 2009-10-01 20:00:00

YEREVAN, OCTOBER 1, NOYAN TAPAN. Armenia strives to become a leader in IT markets and to have an advanced information society and a knowledge-based economy, Director

DigiTec 2009 exhibition to be held in Yerevan on October
2-4
  • Economy
  • 2009-10-01 20:00:00

YEREVAN, OCTOBER 1, NOYAN TAPAN. The Union of IT Enterprises (UITE) and the Enterprise Incubator Foundation (EIF) will hold the 5th annual international exhibition DigiTec 2009 at

Work to relaunch Nairit plant starts two days ago
  • Economy
  • 2009-10-01 19:00:00

YEREVAN, OCTOBER 1, NOYAN TAPAN. Work to relaunch Nairit chemical plant started two days ago after the completion of repairs carried out following the accident at

Official opening of Yerevan-Rome direct flight takes place
at Leonardo da Vinci Airport
  • Economy
  • 2009-09-30 22:00:00

ROME, SEPTEMBER 30, NOYAN TAPAN. The official opening of Yerevan-Rome direct flights to be operated by Armavia airline took place at "Sala Blu" Hall of Leonardo

Opening Armenian-Turkish border to result in positive
qualitative changes in structure of Armenian GDP, economist
Gagik Vardanian says
  • Economy
  • 2009-09-30 21:00:00

YEREVAN, SEPTEMBER 30, NOYAN TAPAN. Opening the Armenian-Turkis border will have a considerable positive effect on the development of Armenia's economy and also result in positive qualitative

Efficient cooperation between RA National Assembly and
USAID to resume
  • Economy
  • 2009-09-29 22:00:00

YEREVAN, SEPTEMBER 29, NOYAN TAPAN. Issues related to resumption of USAID/Armenia discontinued program, work organization, and selection of spheres were discussed during the September 29 meeting of

Gas supply of Armenia to be temporarily suspended on
October 1-5
  • Economy
  • 2009-09-29 21:00:00

YEREVAN, SEPTEMBER 29, NOYAN TAPAN. The natural gas supply of Armenia will be temporarily suspended on October 1-5 due to repairs of the North Caucasus-Transcaucasia gas-main

Armenia's foreign debt - GDP ratio to slightly exceed 40%
in 2010
  • Economy
  • 2009-09-29 20:00:00

YEREVAN, SEPTEMBER 29, NOYAN TAPAN. Armenia's foreign debt - GDP ratio will slightly exceed 40% in 2010. As Minister of Finance Tigran Davtian stated at

18.5% decline of Armenian GDP to be reduced to 15% in late
2009, minister of finance forecasts
  • Economy
  • 2009-09-29 20:00:00

YEREVAN, SEPTEMBER 29, NOYAN TAPAN. "After the release of preliminary macroeconomic indices for January-August 2009, we can say with confidence that we have already reached the lowest

RA finance minister calls 2010 budget of Armenia "budget of
economic stabilization"
  • Economy
  • 2009-09-29 19:00:00

YEREVAN, SEPTEMBER 29, NOYAN TAPAN. In 2010, economic growth will make 1.2-1.3% in Armenia which will enable to get out of the crisis in 2011, RA

RA Minister of Finance: Armenian econony is now manageable
and predictable
  • Economy
  • 2009-09-28 19:00:00

YEREVAN, SEPTEMBER 28, NOYAN TAPAN. "2009 was a difficult year, and the whole economy has felt the impact of the crisis. The Armenian government worked and

Government approves 2010 draft state budget of Armenia
  • Economy
  • 2009-09-28 18:00:00

YEREVAN, SEPTEMBER 28, NOYAN TAPAN. At the September 28 special sitting of the Armenian government, the 2010 draft state budget of the Republic of Armenia was

Opening Armenian-Turkish border to result in real growth of
investments, RA minister of economy says
  • Economy
  • 2009-09-28 17:18:00

YEREVAN, SEPTEMBER 28, NOYAN TAPAN. The analyses show that in case of the normalization of relations with Turkey, direct investments in the Armenian economy may grow

"ServSafe: Essentials of Consistent Food Safety" Certified
Program on food safety introduced in Yerevan
  • Economy
  • 2009-09-28 16:00:00

YEREVAN, SEPTEMBER 28, NOYAN TAPAN. The USAID-funded Competitive Armenian Private Sector (CAPS) Project, the American University of Armenia Extension Program, and the Armenian Restaurant Association are launching

Serzh Sargsyan familiarizes himself with construction work
at Yerevan TPP
  • Economy
  • 2009-09-28 16:00:00

YEREVAN, SEPTEMBER 28, NOYAN TAPAN. Construction work at Yerevan Thermal Power Plant (TPP) has entered a final stage, with the units being put into operation one

Prime Minister Tigran Sargsyan meets with members of
Armenian community in Yaroslavl
  • Economy
  • 2009-09-25 22:00:00

YEREVAN, SEPTEMBER 25, NOYAN TAPAN - ARMENIANS TODAY. The delegation headed by RA Prime Minister Tigran Sargsyan on September 24 went on a two-day working visit

Sale and purchase transactions of 10 million 660 thousand
dollars carried out at Nasdaq Oemex Armenia on September 25
  • Economy
  • 2009-09-25 21:00:00

YEREVAN, SEPTEMBER 25, NOYAN TAPAN. Sale and purchase transactions of 10 million 660 thousand dollars at the weighted average exchange rate of 385.86 drams per dollar

11th plenary sitting of Armenian-Russian Intergovernmental
Commission on Economic Cooperation held in Yaroslavl
  • Economy
  • 2009-09-25 21:00:00

YAROSLAVL, SEPTEMBER 25, NOYAN TAPAN. The delegation headed by Prime Minister Tigran Sargsyan paid a working visit to the Russian city of Yaroslavl where the 11th

ArmemTel and FiberNet Communications recognized as companies
with dominant position in Armenian market of international data
transmission services
  • Economy
  • 2009-09-25 17:00:00

YEREVAN, SEPTEMBER 25, NOYAN TAPAN. At the September 24 siiting, the RA State Commission for the Protection of Economic Competition recognized ArmenTel (Beeline brand) and FiberNet Communications

Armenia will feel economic effect of opening
Armenian-Turkish border no sooner than in 3 years, Bagrat
Asatrian says
  • Economy
  • 2009-09-24 21:00:00

YEREVAN, SEPTEMBER 24, NOYAN TAPAN. "Armenia will feel the economic effect of opening the Armenian-Turkish border no sooner than in three years. The first effect will

Control of economic entities's activities to be tightened
in 2010
  • Economy
  • 2009-09-24 21:00:00

YEREVAN, SEPTEMBER 24, NOYAN TAPAN. The 2010 program was discussed at the September 24 sitting of the RA State Commission for the Protection of Economic Competition.

Opening Armenian-Turkish border to have considerable impact
on Armenian economy, Ashot Shahnazarian says
  • Economy
  • 2009-09-24 20:00:00

YEREVAN, SEPTEMBER 24, NOYAN TAPAN. Opening the Armenian-Turkish border may have a considerable impact on Armenia's economy, Chairman of the RA State Commission for the Protection of

According to former chairman of CBA, Armenian GDP decline
to amount to 15% in late 2009
  • Economy
  • 2009-09-24 20:00:00

YEREVAN, SEPTEMBER 24, NOYAN TAPAN. "Although I expected the rate of the Armenian economy's decline to fall by 1-1.5% in August, the economic indices of 8

According to chairman of Audit Chamber, some of revealed
violations result from legislative gaps
  • Economy
  • 2009-09-24 19:00:00

YEREVAN, SEPTEMBER 24, NOYAN TAPAN. At the September 23 sitting, the Board of the RA Audit Chamber approved the current reports on the results of the

Armenian prime minister likely to visit Belarus by late
2009
  • Economy
  • 2009-09-24 17:00:00

MINSK, SEPTEMBER 24, NOYAN TAPAN - ARMENIANS TODAY. The Armenian Ambassador to Belarus O. Yesayan gave a press conference at the Republican Press Center in Minsk

Stricter penalties introduced for economic entities
presenting false information about excess payments of VAT
  • Economy
  • 2009-09-23 22:00:00

YEREVAN, SEPTEMBER 23, NOYAN TAPAN. At the September 23 sitting, the Armenian government approved the bill on making an addition to the RA Law on Value

Heads of all departments to submit programs and priorities
for 2010 to Armenian government by October 15
  • Economy
  • 2009-09-23 20:00:00

YEREVAN, SEPTEMBER 23, NOYAN TAPAN. By the instruction of the Armenian prime minister, the heads of all the departments must submit the 2010 programs and priorities

Edward Nalbandian and Tony Moroyan discuss information
technology sector development prospects in Armenia
  • Economy
  • 2009-09-23 20:00:00

YEREVAN, SEPTEMBER 23, NOYAN TAPAN. The development prospects of Armenia's IT sector and the steps being taken in this direction were discussed at the September 22

State property to be privatized through Stock Exchange for
first time in Armenia
  • Economy
  • 2009-09-23 20:00:00

YEREVAN, SEPTEMBER 23, NOYAN TAPAN. At the September 23 sitting, the Armenian government approved the draft decision on the privatization of state property through the Stock

10th sitting of Armenia-EU Cooperation Committee held in
Yerevan on September 22
  • Economy
  • 2009-09-22 22:00:00

YEREVAN, SEPTEMBER 22, NOYAN TAPAN. The implementation of EU-Armenia Action Plan of the European Neighborhood Policy, issues of deepening the relations between Armenia and the European Union

Four gravity systems construction contract signed
  • Economy
  • 2009-09-22 21:00:00

YEREVAN, SEPTEMBER 22, NOYAN TAPAN. The contract on construction of four gravity systems (Aygezard, Shenik, Mantash, and Vardenis) was signed between the Millennium Challenge Account - Armenia

Armenia's GDP declines by 18.4% in January-August 2009 on
same period of 2008
  • Economy
  • 2009-09-22 18:00:00

YEREVAN, SEPTEMBER 22, NOYAN TAPAN. Armenia's GDP declined by 18.4% in January-August 2009 on the same period of last year and made 1 trillion 761 billion

International Financial Reporting Standards to be
introduced in Armenia
  • Economy
  • 2009-09-17 22:00:00

YEREVAN, SEPTEMBER 17, NOYAN TAPAN. A protocol on the completion of the official translation of the International Financial Reporting Standards was signed between the RA Ministry of

Government approves draft decision on laying fiber optic
cables in areas adjacent to some motorways
  • Economy
  • 2009-09-17 20:00:00

YEREVAN, SEPTEMBER 17, NOYAN TAPAN. At the September 17 sitting, the Armenian government approved the draft decision on laying fiber optic cables in the areas adjacent

Henceforth milk powder content to be indicated on milk and
dairy products made in Armenia
  • Economy
  • 2009-09-17 19:00:00

YEREVAN, SEPTEMBER 17, NOYAN TAPAN. At the September 17 sitting, the Armenian government made a decision, according to which information about whether the given dairy product

RA Ministry of Economy and Kaspersky Lab sign memorandum on
cooperation
  • Economy
  • 2009-09-17 17:00:00

YEREVAN, SEPTEMBER 17, NOYAN TAPAN. The RA Minsitry of Economy and Kaspersky Lab, a company based in Moscow, signed a memorandum on cooperation on September 16.

U.S. ambassador visits Arzni-Shamiram main canal
rehabilitation site
  • Economy
  • 2009-09-16 19:20:00

YEREVAN, SEPTEMBER 16, NOYAN TAPAN. U.S. Ambassador to Armenia Ms. Marie Yovanovitch, RA Deputy Prime Minister, Minister of Territorial Administration Armen Gevorgian, Minister of Agriculture Gerasim Alaverdian

National Assembly ratifies 4 international credit
agreements on September 16
  • Economy
  • 2009-09-16 19:12:00

YEREVAN, SEPTEMBER 16, NOYAN TAPAN. The National Assembly of Armenia on September 16 ratified 4 international credit agreements discussed the day before.

Armenian parliament adopts in first reading package of tax
amendments
  • Economy
  • 2009-09-15 22:00:00

YEREVAN, SEPTEMBER 15, NOYAN TAPAN. The RA National Assembly adopted in the first reading the revised package of tax amendments submitted by the government - at

15 charitable projects discussed at Armenian government
  • Economy
  • 2009-09-15 20:00:00

YEREVAN, SEPTEMBER 15, NOYAN TAPAN. 15 charitable projects were discussed during the September 11 sitting of the commission for the coordination of charitable projects of the

Ministry of Diaspora and Handyuc team sign memorandum on
creation of pan-Armenian portal
  • Economy
  • 2009-09-12 18:00:00

YEREVAN, SEPTEMBER 12, NOYAN TAPAN - ARMENIANS TODAY. The RA Ministry of Diaspora and Hanguyc team on September 8 signed a memorandum, under which the sides

Minister of Diaspora urges Syrian Armenian businessmen to
step up their activities in Armenia
  • Economy
  • 2009-09-12 16:00:00

YEREVAN, SEPTEMBER 12, NOYAN TAPAN - ARMENIANS TODAY. RA Minister of Diaspora Ms. Hranush Hakobian received a delegation of the Armenian-Syrian Business Council on September 9.

Yerevan Brandy Company plans to purchase 32 thousand tons
of grapes this year
  • Economy
  • 2009-09-11 18:00:00

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. Yerevan Brandy Company (YBC) will start the purchase of grapes on September 16. The YBC CEO Ara Grigorian said at the

Yerevan Brandy Company concludes 2008-2009 fiscal year with
positive indices
  • Economy
  • 2009-09-11 18:00:00

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. Despite the global crisis, Yerevan Brandy Company (YBC) concluded the 2008-2009 fiscal year (from July 2008 to June 30, 2009) with

50 thousand citizens receive bonuses for cash register
receipts
  • Economy
  • 2009-09-11 16:00:00

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. At the September 10 sitting, the RA government made a decision to transfer the amount of 543 million 500 thousand drams

Tigran Barseghian appointed deputy chairman of State
Revenue Committee
  • Economy
  • 2009-09-11 12:00:00

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. By the decision of RA Prime Minister Tigran Sargsyan, Tigran Barseghian was relieved of his post as deputy head of the

According to Tigran Davtian, 2010 state budget to be "quite
tense and modest"
  • Economy
  • 2009-09-11 12:00:00

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. The discussions of the 2010 state budget will start at the Armenian government on September 11. At the September 10 sitting

Armenia-Spain business forum starts in Yerevan
  • Economy
  • 2009-09-09 22:00:00

YEREVAN, SEPTEMBER 9, NOYAN TAPAN. Armenia-Spain business forum started in Yerevan on September 9. The purpose of the event is to promote and expand direct contacts

According to IMF forecasts, economic recession in Armenia
to make 10-15% this year
  • Economy
  • 2009-09-09 21:00:00

YEREVAN, SEPTEMBER 9, NOYAN TAPAN. By forecasts of the International Monetary Fund (IMF), the economic recession will make 10-15% in Armenia this year, IMF Resident Representative

Opening Armenian-Turkish border will contribute to
development of economies of two countries, Vardan Aivazian says
  • Economy
  • 2009-09-09 19:00:00

YEREVAN, SEPTEMBER 9, NOYAN TAPAN. Opening the Armenian-Turkish border will contribute to the development of the economies of both countries and create new perspectives such as a

According to Vardan Aivazian, National Assembly can quietly
pass amended tax package of Armenian government
  • Economy
  • 2009-09-09 19:00:00

YEREVAN, SEPTEMBER 9, NOYAN TAPAN. The National Assembly can quietly pass the amended tax package of the government. Chairman of the NA Standing Committee on Economic

First Armenian-Croatian business forum held in Zagreb
  • Economy
  • 2009-09-09 18:00:00

ZAGREB, SEPTEMBER 9, NOYAN TAPAN. On September 8 - the second day of his 3-day official visit to Croatia, Armenian President Serzh Sargsyan together with President

CBA Board reduces refinancing rate by 0.25 percentage
points to 5%
  • Economy
  • 2009-09-09 17:00:00

YEREVAN, SEPTEMBER 9, NOYAN TAPAN. At the September 8 sitting, the Board of the Central Bank of Armenia (CBA) made a decision to reduce the refinancing

Armavia and Air France sign agreement on cooperation
  • Economy
  • 2009-09-08 20:00:00

YEREVAN, SEPTEMBER 8, NOYAN TAPAN. Armavia airline, Armenia's national carrier, and Air France have signed an agreement on cooperation. Armavia's Commercial Director Tereza Ghazarian announced at

Nairit chemical plant to restart production in late
September
  • Economy
  • 2009-09-08 18:00:00

YEREVAN, SEPTEMBER 8, NOYAN TAPAN. After the accident in the chloroprene section of Nairit chemical plant, the production process will restart in two weeks. NT correspondent

Yeghvard Yeast Plant not affected by crisis
  • Economy
  • 2009-09-08 17:00:00

YEREVAN, SEPTEMBER 8, NOYAN TAPAN. The global financial crisis has had almost no impact on Yeghvard Yeast Plant. NT correspondent was informed by the plant's director

DigiTec Expo 2009 to be held in Yerevan in October
  • Economy
  • 2009-09-07 19:00:00

YEREVAN, SEPTEMBER 7, NOYAN TAPAN. The Union of IT Enterprises (UITE) and the Enterprise Incubator Foundation (EIF) will hold the 5th annual DigiTec Expo 2009 at

Serzh Sargsyan meets with group of famous Armenian
businessmen from Russia
  • Economy
  • 2009-09-07 18:45:00

YEREVAN, SEPTEMBER 7, NOYAN TAPAN. Issues ralated to the most efficient use of the potential of the Diaspora, particularly of the Armenians in Russia, and the

Japanese government to provide 170 million yen grant to
Armenia
  • Economy
  • 2009-09-07 18:00:00

YEREVAN, SEPTEMBER 7, NOYAN TAPAN. A 170 million yen grant agreement was signed between Japan and Armenia at the RA Ministry of Agriculture on September 4.

Armenian government gives state guarantees to 6 developers
  • Economy
  • 2009-09-07 16:00:00

YEREVAN, SEPTEMBER 7, NOYAN TAPAN. The Armenian government has launched the implemention of State Guarantee for Completion of Incompleted Apartment Buildings anti-crisis program. Assistant of the Armenian

Armenia Expo 2009 opens in Yerevan on September 4
  • Economy
  • 2009-09-04 17:30:00

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. Armenia Expo 2009 international trade and industrial exhibition opened at Karen Demirchian Sport and Concert Complex in Yerevan on September 4. More

Aharon Chilingarian appointed member of CBA Board
  • Economy
  • 2009-09-04 17:00:00

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. By a September 3 decree of Armenian President Serzh Sargsyan, Karine Minasian was relieved of her post as member of the

DigiTec Expo 2009 to be held in Yerevan on October 2-4
  • Economy
  • 2009-09-04 17:00:00

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. DigTec Expo 2009 entitled "Your Digital Future" will be held at Karen Demirchian Sport and Concert Complex in Yerevan on October

585,164 users connected to gas consumption system of
Armenia as of September 1
  • Economy
  • 2009-09-04 17:00:00

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. 585,164 users were connected to Armenia's gas consumption system of as September 1, 2009. The number of gas consuming users grew

Tender for catalogue of standard dwelling house designs to
be announced
  • Economy
  • 2009-09-03 15:18:00

YEREVAN, SEPTEMBER 3, NOYAN TAPAN. At the September 3 sitting, Prime Minister Tigran Sargsyan gave two instructions to the RA Ministry of Urban Development. According to

World Bank to provide additional financing of 36.6 million
dollars for Lifeline Roads Improvement Project in Armenia
  • Economy
  • 2009-09-01 17:36:00

YEREVAN, SEPTEMBER 1, NOYAN TAPAN. The World Bank's Board of Executive Directors made a decision last week to allocate an additional sum of 36.6 million USD

Grigor Ghonjeyan appointed member of CBA Board for period of
five years
  • Economy
  • 2009-09-01 16:08:00

YEREVAN, SEPTEMBER 1, NOYAN TAPAN. Armenian President Serzh Sargsyan on August 31 signed a decree on appointing Grigor Ghonjeyan a member of the Board of the

GTZ provides technical assistance to Standing Committee on
Financial, Credit and Budget Issues of Armenian parliament
  • Economy
  • 2009-09-01 16:08:00

YEREVAN, SEPTEMBER 1, NOYAN TAPAN. James Macbeth Forbes, Program Director of the German Technical Cooperation (GTZ) enterprise, and Melanie Moltmann, German Charge d'Affaires in Armenia, visited on

Hollywood ANC hosts tax seminar
  • Economy
  • 2009-08-31 17:20:00

WASHINGTON, AUGUST 31, NOYAN TAPAN - ARMENIANS TODAY. On August 28, the Armenian National Committee of Hollywood hosted a Small Business Tax Seminar, in collaboration with

Tigran Davtian: Recession will ease in Armenia in late 2009
  • Economy
  • 2009-08-28 21:00:00

YEREVAN, AUGUST 28, NOYAN TAPAN. In the opinion of the RA Minister of Finance Tigran Davtian, the RA National Statistical Service's data, according to which a

Artashat water supply project completed with USAID
assistance
  • Economy
  • 2009-08-26 22:00:00

YEREVAN, AUGUST 26, NOYAN TAPAN. The USAID's 3.16 million-dollar Artashat water supply project has been completed. The reservoirs repaired under the project were officially delivered for operation

Granulated sugar prices are under control in Armenia, RA
Commission on Protection of Economic Competition says.
Granulated sugar prices go up in country
  • Economy
  • 2009-08-26 21:00:00

YEREVAN, AUGUST 26, NOYAN TAPAN. The RA State Commission on Protection of Economic Competition stated that the situation with respect to competition of essential goods in

Emil Soghomonian: If a second stage of the crisis begins in
the world economy, Armenian banking system will not be shattered
  • Economy
  • 2009-08-26 19:00:00

YEREVAN, AUGUST 26, NOYAN TAPAN. The Armenian banking system will end this year by making a profit, Chairman of the Union of Armenian Banks, Chairman of

Summer Inspiration project of VivaCell-MTS reaches Ashtarak
  • Economy
  • 2009-08-20 23:00:00

YEREVAN, AUGUST 20, NOYAN TAPAN. VivaCell-MTS proceeded with the Summer Inspiration project for the regional culture houses and arts and crafts schools of Armenia, now in

General meeting of Canada-based Kamar company to be held in
autumn
  • Economy
  • 2009-08-20 21:00:00

YEREVAN, AUGUST 20, NOYAN TAPAN - ARMENIANS TODAY. Kamar, a company of Armenian experts engaged in construction sector, started operating in the spring of 2009. The

New custom house to be set up in Armenia
  • Economy
  • 2009-08-20 20:00:00

YEREVAN, AUGUST 20, NOYAN TAPAN. At the August 20 sitting, the RA government made a decision to set up a specialized custom house for goods delivered

Armenian government to allocate funds for rehabilitation of
roads damaged by natural disasters
  • Economy
  • 2009-08-20 20:00:00

YEREVAN, AUGUST 20, NOYAN TAPAN. At the August 20 sitting, the RA government made a decision on the redistribution of the 2009 state budget of Armenia,

Construction of Meghri hydropower plant included in list of
new energy projects of regional significance
  • Economy
  • 2009-08-20 18:00:00

YEREVAN, AUGUST 20, NOYAN TAPAN. At the August 20 sitting, the Armenian government made an amendment to the RA government's Protocol Decision on Approval of the

Recession to reach 20% in Armenia in 2010, ARF deputy
forecasts
  • Economy
  • 2009-08-20 18:00:00

YEREVAN, AUGUST 20, NOYAN TAPAN. No steps are currently being taken to overcome the crisis in Armenia, and the incomplete policy of the government cannot ensure

According to Bagrat Asatrian, because of loans Armenia has
ailing economy, which it tries to treat with new loans
  • Economy
  • 2009-08-19 22:00:00

YEREVAN, AUGUST 19, NOYAN TAPAN. There has been a 16.3% economic downturn in Armenia in 2009 due to a decline in construction (53%) and industry (11.3%),

Armenian selectionist from Krasnodar receives new
cold-resistant strain of sunflower
  • Economy
  • 2009-08-19 17:00:00

KRASNODAR, AUGUST 19, NOYAN TAPAN - ARMENIANS TODAY. Carrying on the work of his teacher - Academician Vasily Pustovoyt, Karsnodar-based Armenian selectionist Ashot Kalayjian has received a

Chinvan company in Vanadzor to assemble Belarusian tractors
  • Economy
  • 2009-08-12 17:30:00

YEREVAN, AUGUST 12, NOYAN TAPAN. The RA Ministry of Economy and a Belarusian delegation on August 12 signed an agreement, by which one of Belarusian machine-building

Henceforth farmers can easily export food products thanks
to decisions taken by government
  • Economy
  • 2009-08-12 17:30:00

YEREVAN, AUGUST 12, NOYAN TAPAN. The Head of the Trade and Efficient Markets of the RA Ministry of Economy Gagik Kocharian provided explanations concerning several decisions

Armenia's tourism grows by 0.1% in first half of 2009 on
same period of 2008
  • Economy
  • 2009-08-12 14:56:00

YEREVAN, AUGUST 12, NOYAN TAPAN. 0.1% growth was recorded in Armenia's tourism sector in the first half of 2009 on the same period of 2008. Head

Tigran Sargsyan: Builders have always been held in high
respect by our people
  • Economy
  • 2009-08-07 21:00:00

YEREVAN, AUGUST 7, NOYAN TAPAN. "The Armenian people have a special attitude to builders: over the centuries this profession has been among those favored by the

Construction of meat processing factory to finish in 2010
  • Economy
  • 2009-08-06 21:00:00

YEREVAN, AUGUST 6, NOYAN TAPAN. The Armenian government has deferred for 3 years the payment of the value added tax sums (calculated by customs bodies) in

Export of drugs and drug substances, as well as goods
imported into Armenia for non-pharmaceutical purpose not to be
subject to certification
  • Economy
  • 2009-08-06 21:00:00

YEREVAN, AUGUST 6, NOYAN TAPAN. The Armenian government has made amendments and an addition to Decision No 581 of September 20, 2000. Based on the amendments,

Armenian government takes decision on construction of
North-South Road Corridor
  • Economy
  • 2009-08-06 20:00:00

YEREVAN, AUGUST 6, NOYAN TAPAN. At the August 6 sitting, the Armenian government took a decision on construction of the North-South Road Corridor. RA Prime Minister

Agreement on concessionary management of Armenian Railways
by Russian Railways to be reviewed
  • Economy
  • 2009-08-06 20:00:00

YEREVAN, AUGUST 6, NOYAN TAPAN. At the August 6 sitting, the Armenian government took a decision on making amendments and additions to the concession agreement on

Scales to be checked in shops
  • Economy
  • 2009-08-06 19:00:00

YEREVAN, AUGUST 6, NOYAN TAPAN. The scales in all shops must be checked once a year, which, however, is not done in Armenia, Chairman of the

Brazilian organizations likely to invest in construction of
North-South Highway
  • Economy
  • 2009-08-05 23:00:00

YEREVAN, AUGUST 5, NOYAN TAPAN. Receiving Brazilian Ambassador to Armenia Mrs. Marcela Nikodemos on August 5, RA Minister of Transport and Communication Gurgen Sargsyan presented in detail

VivaCell-MTS announces start of "Roaming without Borders"
action
  • Economy
  • 2009-08-05 20:00:00

YEREVAN, AUGUST 5, NOYAN TAPAN. Within the framework of the "Roaming without Borders" action, VivaCell-MTS company's pre-paid subscribers in a number of countries/networks can receive incoming calls

New equipment put into operation at Armenal
  • Economy
  • 2009-08-05 18:00:00

YEREVAN, AUGUST 5, NOYAN TAPAN. A new ABP-1600 rolling unit was put into operation at Armenal aluminum foil mill - part of the United Company Rusal,

Tatul Manaserian: Commercial banks raise interest rates of
state-obtained credits to an unacceptable extent
  • Economy
  • 2009-07-31 20:00:00

YEREVAN, JULY 31, NOYAN TAPAN. Armenia-based commercial banks cease operating as a commercial bank as soon as they start to use credit resources provided by the

According to Tatul Manaserian, economic slump to make
10-15% in Armenia in late 2009
  • Economy
  • 2009-07-31 19:00:00

YEREVAN, JULY 31, NOYAN TAPAN. The Advisor to the RA National Assembly Speaker Tatul Manaserian believes that the trends to an economic slump in Armenia will

Starting from August 1, taxis with a yellow number plate
can freely cross Armenian-Georgian border
  • Economy
  • 2009-07-31 17:00:00

YEREVAN, JULY 31, NOYAN TAPAN. Starting from August 1, 2009, taxis with a yellow number plate can freely cross the Armenian-Georgian border. NT was informed by

GSP+ system to contribute to a growth of Armenia's exports,
deputy minister of economy says
  • Economy
  • 2009-07-31 16:00:00

YEREVAN, JULY 31, NOYAN TAPAN. Since 2008, the EU's GSP+ system - the additional preferences to the Generalized System of Preferences (GSP) has allowed Armenia and

Armenian government approves list of hazardous cargos
transported by railway and their transportation order
  • Economy
  • 2009-07-31 14:35:00

YEREVAN, JULY 31, NOYAN TAPAN. To meet the requirements of the RA Law on Railway Transport, raise the responsibility of the railway staff, hazardous cargo forwarders

Armenian prime minister: Government is consistent in
creating favorable conditions for small and medium business
  • Economy
  • 2009-07-31 14:30:00

YEREVAN, JULY 31, NOYAN TAPAN. At the July 30 sitting, the Armenian government made amendments and additions to the Government Decision No 1246 of December 24,

World Bank approves Irrigation Rehabilitation Emergency
Project for Armenia
  • Economy
  • 2009-07-29 22:00:00

YEREVAN, JULY 29, NOYAN TAPAN - ARMENIANS TODAY. The World Bank's Board of Executive Directors has approved a 30 million-dollar Irrigation Rehabilitation Emergency Project for Armenia, Head

Negotiations on construction of Armenia-Iran railway
completed
  • Economy
  • 2009-07-29 21:00:00

YEREVAN, JULY 29, NOYAN TAPAN. Progress has been made in the issue of the new Yerevan-Batumi motorway construction. RA Minister of Transport and Communication Gurgen Sargsyan

563 organizations and 605 individuals providing taxi
services operate in Armenia
  • Economy
  • 2009-07-29 20:00:00

YEREVAN, JULY 29, NOYAN TAPAN. There are currently 563 licensed organizations with a total of 6,792 vehicles and 605 individuals providing taxi services in Armenia. Spokeswoman

Japanese Shimidzu Corporation carries out work at
Nubarashen dump for reduction of emissions of greenhouse gases
  • Economy
  • 2009-07-29 19:00:00

YEREVAN, JULY 29, NOYAN TAPAN. Shimidzu Corporation (Japan) is carrying out work at Nubarashen dump for reduction of emissions of greenhouse gases. NT correspondent was informed

It is planned to resume production at Nairit Plant starting
from second half of August
  • Economy
  • 2009-07-28 20:00:00

YEREVAN, JULY 28, NOYAN TAPAN. After the accident at the chloroprene department of Nairit Plant, it is planned to resume production starting from the second half

Armenian community of Macedonia to have Armenian Saturday
school starting from autumn
  • Organizations
  • 2009-07-28 19:00:00

by Hakob Asatrian The first Armenians appeared in Macedonia as early as the 17th century. The Balabanovs (Balabanians) were one of

Violations not revealed at only 62 out of 1,001 economic
entities subjected to checks
  • Economy
  • 2009-07-27 20:00:00

YEREVAN, JULY 27, NOYAN TAPAN. In the period of January to May 7, 2009, the State Food Safety and Veterinary Inspection of the RA Ministry of

Local tests conducted at Armenian-Chinese rubber plant
under construction in China
  • Economy
  • 2009-07-27 19:00:00

YEREVAN, JULY 27, NOYAN TAPAN. Local tests of equipment are being conducted at the Armenian-Chinese rubber joint venture under construction in China. NT correspondent was informed

Only 10 of over 70 hotels in Armenia qualified
  • Economy
  • 2009-07-24 19:00:00

YEREVAN, JULY 24, NOYAN TAPAN - ARMENIANS TODAY. There are more than 70 hotels in Armenia. Several sanatoriums, motels, camps and tourists' homes are also available.

0.1% growth recorded in tourism sector of Armenia in first
half of 2009
  • Economy
  • 2009-07-24 18:45:00

YEREVAN, JULY 24, NOYAN TAPAN. 0.1% growth was recorded in Armenia's tourism sector in the first half of 2009 on the same period of 2008. Head

Government approves program on creation of agricultural
tourism & hotel center in area adjacent to Garni-Geghard highway
  • Economy
  • 2009-07-23 23:00:00

YEREVAN, JULY 23, NOYAN TAPAN. At the July 23 sitting, the Armenian government approved the program on the creation of an agricultural tourism & hotel center

Some positive impulses already noticeable in Armenian
economy, prime minister says
  • Economy
  • 2009-07-23 23:00:00

YEREVAN, JULY 23, NOYAN TAPAN. There have already been some positive impulses in the Armenian economy, RA Prime Minister Tigran Sargsyan stated at the July 23

Several Armenian websites become target of numerous hacker
attacks over past week
  • Economy
  • 2009-07-23 22:00:00

YEREVAN, JULY 23, NOYAN TAPAN. Several Armenian websites, including the site of the Armenian government, have become a target of numerous attacks by hackers over the

Armenian government sets up International Expert Commission
on Long-Term Development of Yerevan Physics Institute
  • Economy
  • 2009-07-23 20:00:00

YEREVAN, JULY 23, NOYAN TAPAN. By the May 20 decision of the RA prime minister, the Armenian government has set up the International Expert Commission on

Results of government's anticrisis measures already
noticeable in Armenian economy
  • Economy
  • 2009-07-22 16:00:00

YEREVAN, JULY 22, NOYAN TAPAN. The results of the anticrisis measures taken by the government are already noticeable in the Armenian economy, RA Prime Minister Tigran Sargsyan

Armenian government initiates this year a number of
measures on promotion of inbound tourism
  • Economy
  • 2009-07-22 14:00:00

YEREVAN, JULY 22, NOYAN TAPAN. Armenian Prime Minister Tigran Sargsan on July 21 visited Aspar Wild Tour organization. According to him, the activities of this tourism

Armenian GDP drops by 16.3% in January-June 2009 on same
period of 2008
  • Economy
  • 2009-07-21 23:00:00

YEREVAN, JULY 21, NOYAN TAPAN. Armenia's GDP dropped by 16.3% in January-June 2009 on the same period of 2008 and amounted to 1 trillion 119 billion

President keeps problem of creating antihail system in
Armenia in center of his attention
  • Economy
  • 2009-07-17 21:00:00

YEREVAN, JULY 17, NOYAN TAPAN. Head of the RA Presidential Staff Karen Karapetian on July 17 conducted a working consultation on the program of creating an

Germany to provide credits and grants of 130 million euros
to Armenia in next two years
  • Economy
  • 2009-07-17 21:00:00

YEREVAN, JULY 17, NOYAN TAPAN. Negotiations of the Armenian-German Intergovernmental Commission on Financial and Technical Cooperation took place in Bonn on July 15-16. The Armenian delegation headed

UITE assists startups of IT sector in taking joint steps
  • Economy
  • 2009-07-17 17:00:00

YEREVAN, JULY 17, NOYAN TAPAN. The Union of Information Technology Enterprises of Armenia (UITE) organized a conference on July 17 to discuss the ways of developing

3 star hotel Hilton Garden Inn to be built in Yerevan
  • Economy
  • 2009-07-17 12:00:00

YEREVAN, JULY 17, NOYAN TAPAN. Following almost 2 years of negotiations, U.S.-based Bedian International in cooperation with Hilton Hotels Corporation will build a 3 star hotel

All families left homeless by earthquake to have apartments
by 2013, officials say
  • Economy
  • 2009-07-17 12:00:00

YEREVAN, JULY 17, NOYAN TAPAN. Excavation work for building a new town in the city of Spitak in Lori marz began on July 15. Armenian President

Government adopts draft on regulating procedure of open
publication of topographic maps and plans in WGS-84 system
  • Economy
  • 2009-07-16 21:00:00

YEREVAN, JULY 16, NOYAN TAPAN. At the July 16 sitting, the Armenian government adopted the draft on regulating the procedure of the open publication of topographic

Armenian government approves 2009-2012 strategy of Jermuk
city development
  • Economy
  • 2009-07-16 21:00:00

YEREVAN, JULY 16, NOYAN TAPAN. At the July 16 sitting, the Armenian government approved the 2009-2012 strategy of the development of the city of Jermuk. According

Germany to provide 20 million euros to Armenia for developing its mortgage market
  • Economy
  • 2009-07-13 21:00:00

YEREVAN, JULY 13, NOYAN TAPAN. Germany will provide 20 million euros to Armenia. The indicated sum will be given through KfW bank and allocated for the

Germany to provide 20 million euros to Armenia for
developing its mortgage market
  • Economy
  • 2009-07-13 21:00:00

YEREVAN, JULY 13, NOYAN TAPAN. Germany will provide 20 million euros to Armenia. The indicated sum will be given through KfW bank and allocated for the

Armenia's foreign debt-GDP ratio to make 37-38% in next
10-15 years
  • Economy
  • 2009-07-13 21:00:00

YEREVAN, JULY 13, NOYAN TAPAN. Armenia's foreign debt-GDP ratio will make 37-38% in the next 10-15 years. RA Minister of Finance Tigran Davtian said during the

According to A. Javadian, fall of prices not to continue in
housing market
  • Economy
  • 2009-07-13 21:00:00

YEREVAN, JULY 13, NOYAN TAPAN. The demand for mortgage loans continues to be strong in Armenia, Chairman of the Central Bank of Armenia (CBA) Arthur Javadian

National Mortgage Company starts its activities
  • Economy
  • 2009-07-13 20:00:00

YEREVAN, JULY 13, NOYAN TAPAN. The National Mortgage Company (NMC) on July 10 started its activities under the first credit refinancing agreement signed with Armbusinessbank. Chairman of

According to minister of finance, budgetary expenses
incurred by 100% and cases of salary nonpayment excluded
  • Economy
  • 2009-07-10 23:00:00

YEREVAN, JULY 10, NOYAN TAPAN. "The budgetary expenses are incurred by 100% and any cases of salary nonpayment are exluded," RA Minister of Finance Tigran Davtian

Gas supply of Armenia resumes
  • Economy
  • 2009-07-09 21:00:00

YEREVAN, JULY 9, NOYAN TAPAN. The natural gas supply of Armenia resumed at 5:30 pm on July 9. The supply was cut off on the morning

Armenian government gives budgetary guarantee to 5th
building company
  • Economy
  • 2009-07-09 20:00:00

YEREVAN, JULY 9, NOYAN TAPAN. At the July 9 sitting, the Armenian government made a decision to give a budgetary guarantee to Vahe Harutyunian company to

WB regional director for South Caucasus familiarizes
himself with implementation process of WB-funded programs in
Aragatsotn marz
  • Economy
  • 2009-07-09 19:10:00

ASHTARAK, JULY 9, NOYAN TAPAN. The World Bank Regional Director for the South Caucasus Asad Alam, who is on a working visit to Yerevan, on July

Social programs not to be reduced and anticrisis expenses
to increase significantly, Nerses Yeritsian says
  • Economy
  • 2009-07-09 19:00:00

YEREVAN, JULY 9, NOYAN TAPAN. The state should use the opportunities created by the global crisis and encourage economic development, RA Minister of Economy Nerses Yeritsian declared

Good opportunities exist for German companies to operate in
Armenia's high-tech and stone working sectors
  • Economy
  • 2009-07-09 18:00:00

YEREVAN, JULY 9, NOYAN TAPAN. On the initiative of the RA Chamber of Commerce and Industry (CCI), a delegation of German businessmen arrived in Armenia on

24 projects receive assistance of 17 billion drams through
Operative Staff of Armenian government
  • Economy
  • 2009-07-09 16:00:00

YEREVAN, JULY 9, NOYAN TAPAN. With the aim of overcoming the consequences of the crisis, the Armenian government is taking measures aimed at preventing the economic

By forecasts of deputy minister of economy, in late 2009
economic slump to make either 17% or 13% in Armenia
  • Economy
  • 2009-07-08 22:00:00

YEREVAN, JULY 8, NOYAN TAPAN. In 2008 Armenia's real GDP exceeded twofold the 2002 level: remittances from abroad, foreign investments, and construction were the main driving forces

Production volumes grow considerably at ArmenAl
  • Economy
  • 2009-07-08 21:00:00

YEREVAN, JULY 8, NOYAN TAPAN. Production volumes have grown considerably at ArmenAl foil plant: in June the plant produced 2.5 thousand tons of foil, which exceeded

Jermuk city development concept prepared
  • Economy
  • 2009-07-08 21:00:00

YEREVAN, JULY 8, NOYAN TAPAN. The concept of the development of the city of Jermuk was discussed at the July 8 working consultation conducted by Head

Union of Domestic Manufacturers proposes launching
production of small aircraft in Armenia
  • Economy
  • 2009-07-08 20:00:00

YEREVAN, JULY 8, NOYAN TAPAN. "The economic crisis continues to deepen in Armenia and worldwide: the economic slump made 15% instead of 9.5% in the country

Agreement signed on provision of another 60 million dollars
to Armenia by World Bank
  • Economy
  • 2009-07-07 21:00:00

YEREVAN, JULY 7, NOYAN TAPAN. RA Minister of Finance Tigran Davtian and World Bank Regional Director for South Caucasus Asad Alam on July 7 signed an

Credits to be given by international organizations
sufficient to balance 2009 and 2010 budgets of Armenia
  • Economy
  • 2009-07-07 20:00:00

YEREVAN, JULY 7, NOYAN TAPAN. The credits to be given to Armenia by the World Bank, the Asian Development Bank, the International Monetary Fund and the

According to Tigran Sargsyan, economic slump to make at
least 9.5% in Armenia this year
  • Economy
  • 2009-07-07 18:40:00

YEREVAN, JULY 7, NOYAN TAPAN. At best, the economic slump will make no less than 9.5% in Armenia this year. Armenian Prime Minister Tigran Sargsyan stated

Government strives to encourage development of all branches
of economy, Armenian prime minister says
  • Economy
  • 2009-07-07 18:00:00

YEREVAN, JULY 7, NOYAN TAPAN. The construction and agriculture were the key branches of Armenia's rapidly developing economy in recent years, Armenian Prime Minister Tigran Sargsyan said

IFC and USAID assist Armenian banks in energy efficiency
financing issues
  • Economy
  • 2009-07-06 21:00:00

MOSCOW, JULY 6, NOYAN TAPAN. The International Finance Corporation (IFC) and the United States Agency for Internationl Development (USAID) help Armenian banks to increase their experience in

ProCreditBank offers Visa cards on beneficial terms
  • Economy
  • 2009-07-06 21:00:00

YEREVAN, JULY 6, NOYAN TAPAN. ProCreditBank offers new special terms for Visa international cards until August 31. A 50% discount is given for the first year

International conference "The Impact of the Global Economic
Crisis on Armenia: the Long-Term and Short-Term Outlooks" to be
held in Yerevan on July 7-8
  • Economy
  • 2009-07-06 19:00:00

YEREVAN, JULY 6, NOYAN TAPAN. An international conference "The Impact of the Global Economic Crisis on Armenia: The Long-Term and Short-Term Outlooks" will be held in

581,884 subscribers connected to gas consumption system of
Armenia as of July 1
  • Economy
  • 2009-07-06 19:00:00

YEREVAN, JULY 6, NOYAN TAPAN. The number of gas comsuming subscribers of ArmRusgazprom CJSC grew by 7,929 in the first half of 2009, including 1,388 subscribers

Former minister of finance considers current government's
policy of expansion as correct
  • Economy
  • 2009-07-06 14:00:00

YEREVAN, JULY 6, NOYAN TAPAN. The former Armenian minister of finance Levon Barkhudarian (1993-1997 and 1999-2000) considers the current government's policy of expansion as correct, in particular,

By WB forecast, decline of Armenian economy to make 9-10%
by late 2009
  • Economy
  • 2009-07-03 20:00:00

YEREVAN, JULY 3, NOYAN TAPAN. Satisfactory macroeconomic indices were ensured in Armenia under conditions of the global financial and economic crisis. Head of the World Bank

World Bank approves first Development Policy Operation of
60 million dollars for Armenia
  • Economy
  • 2009-07-03 19:00:00

YEREVAN, JULY 3, NOYAN TAPAN. The World Bank's Board of Executive Directors on July 2 approved the first Development Policy Operation (DPO) of 60 million USD

Bridges, rural roads, irrigation system, kindergartens and
other facilities under repair in Akhalkalak region
  • Economy
  • 2009-07-02 22:00:00

AKHALKALAK, JULY 2, NOYAN TAPAN - ARMENIANS TODAY. This year reconstruction work will start both in the city of Akhalkalak and regional villages with funds allocated

Control Chamber of Armenia reveals financial violations at
organizations under jurisdiction of RA ministry of culture
  • Economy
  • 2009-07-02 21:00:00

YEREVAN, JULY 2, NOYAN TAPAN. The Control Chamber (CC) of Armenia conducted checks on the use of budgetary allocations and the management of state property at

Government of Armenia has already decided how to spend
Russian credit
  • Economy
  • 2009-07-02 20:00:00

YEREVAN, JULY 2, NOYAN TAPAN. At the July 2 sitting, Armenian Prime Minister Tigran Sargsyan said that about 180 billion drams of the credit provided by

Armenian government approves program of measures on
Armenia's participation in Expo 2010 Shanghai China
  • Economy
  • 2009-07-02 18:20:00

YEREVAN, JULY 2, NOYAN TAPAN. At the July 2 sitting, the Armenian government approved the program of measures on Armenia's participation in Expo 2010 Shanghai China

Armenia to try to use support of Anti-Crisis Fund set up
within framework of EurAzEs
  • Economy
  • 2009-07-02 18:00:00

YEREVAN, JULY 2, NOYAN TAPAN. There is another opportunity to get additional financial resources to promote the development of the Armenian economy. Armenian Prime Minister Tigran

Expenditures of Armenian state budget amount to 279.2
billion drams in January-May 2009
  • Economy
  • 2009-07-01 21:00:00

YEREVAN, JULY 1, NOYAN TAPAN. The expenditures of the RA state budget amounted to 279.2bn drams in January-May 2009, including expenditures of 4.6bn drams at the

VAT accounts for 44.1% of taxes and duties of Armenian
state budget in January-May 2009
  • Economy
  • 2009-07-01 20:00:00

YEREVAN, JULY 1, NOYAN TAPAN. Taxes and duties of over 189.3bn drams were transferred to the RA state budget in January-May 2009, as a result of

Revenues of Armenian state budget decline by 13.3% in
January-May 2009 on same period of last year
  • Economy
  • 2009-07-01 18:00:00

YEREVAN, JULY 1, NOYAN TAPAN. The revenues and expenditures of the RA state budget amounted to 244.8bn drams and 279.2bn drams respectively, which ensured the fulfilment

Roads of Akhalkalak under repair
  • Economy
  • 2009-07-01 17:00:00

AKHALKALAK, JULY 1, NOYAN TAPAN - ARMENIANS TODAY. Great attention has been paid to the appearance of Akhalkalak in recent years. The asphalting of roads, making

According to Russian academician, Armenia needs 10
scientists and two million dollars to become prosperious country
in 5 years
  • Economy
  • 2009-06-29 22:00:00

YEREVAN, JUNE 29, NOYAN TAPAN. Innovation economy is the only way out of the global crisis. The scientists participating in the international conference "The Innovation Way

Ardshininvestbank joins Intel Express system
  • Economy
  • 2009-06-29 21:00:00

YEREVAN, JUNE 29, NOYAN TAPAN. Starting from June 29, customers can receive and send money at all the branches of Ardshininvestbank through the Intel Express international payment

Representative office of SME DNC of Armenia opens in Kapan
  • Economy
  • 2009-06-29 16:00:00

KAPAN, JUNE 29, NOYAN TAPAN. After the Armenian government's session held on June 26 in Kapan - the regional center of Synuk marz (province), the opening