May 19, 2015
Fish products by the Armenia-based ARTEZIANICA company are becoming increasingly preferred by Russians. The owner of the Armenian processing company ARTEZIANICA Alexey Dmitriev shared the secret of their popularity, innovative technologies used by the company, prospects of the development of fish farming sector in Armenia.
October 6, 2014
Rapid growth of Armenian banking market, soaring competition forces local banks to diversify their businesses while searching for unoccupied niches and trying to expand the range of services. Active development of remote banking technologies prompts creation of additional banking services as well as a new direction of strategic importance, with electronic banking dominating the most significant trends. Experts forecast the trend to take hold in influencing further development of modern technologies.
The head of IT and Automation Department at Ameriabank Beniamin Tadevosyan spoke about the main trends in the sector on of online banking in an interview with PanARMENIAN.Net.
July 10, 2013
The plastic card business in Armenia is going forward at a steady gait. Trying to attract more clients, banks offer ‘tempting’ terms, making accent on affordable tariffs. At the same time, the culture of using plastic cards is being developed. Ameriabank’s Branches Coordination Manager Hrachya Malkhasyan comments to PanARMENIAN.Net on how to withstand competition and satisfy the clients’ needs.
December 17, 2012
SME funding is a priority target for Areximbank-Gazprombank Group CJSC since the small and medium enterprises are the backbone of the economy in any country. The banks usually toughen loaning conditions, including those related to SME during a crisis to reduce the risks. However, the situation has changed now, and the SME loaning sector has started to develop. Head of the bank's SME loan department Martin Torosyan spoke about the bank's plans on SME funding in 2013 in an interview with PanARMENIAN.Net.
March 26, 2012
The whole world is keeping an eye on developments in Greece, EU withdrawal of which has sparked heated debates recently. Many experts believe this can amend the economy of eurozone, yet being an incorrect move in terms of politics. The last EURO 130 billion bailout provided to Greece by leading European structures is able to maintain the Greek economy through 2014. However, the country needs to at least restrain the economic decline in order to tackle the situation. President of the Economic and Social Council (E.S.C.) of Greece Christos Polyzogopoulos presented an overview of situation in Greece in his blitz-interview with PanARMENIAN.Net during his recent visit to Armenia.
March 16, 2012
As a democratic country, Armenia considers opportunities of expanding its trade and economic ties not only with its major ally Russia, developed Europe, unpredictable China, but with Arab countries as well. Armenian Agency of Development (AAD) has recently boosted cooperation with countries like Kuwait and UAE, deciding to provide partners from these countries with information about Armenia’s investment climate and its trade opportunities. AAD general director Robert Harutyunyan told PanARMENIAN.Net about the process of establishing trade and economic ties and attracting new investors.
March 5, 2012
Favorable investment climate in a country will definitely attract potential investors. Over the past years, Armenian authorities have made efforts to improve it in terms of business registration, as well as increased transparency of tax and customs administration. Also, actions were undertaken to boost quality of legal procedures aimed to protect business interests. However, much work will needs to be done. See more on this in an interview of senior legal consultant of Ameria Group of Companies Georgy Khachatryan with PanARMENIAN.Net.
November 25, 2011
The Prime Ministers of the Commonwealth of Independent States (CIS) signed a free trade agreement on October 18, 2011. The document, which is meant to replace a number of bilateral and multilateral agreements, was signed by all the CIS member states except Azerbaijan, Uzbekistan and Turkmenistan, which can, anyway, join it later. Head of the department of trade and market management at the Armenian Ministry of Economy Gagik Kocharyan commented on the deal in an interview with PanARMENIAN.Net.
October 5, 2011
On October 6-8, 2011, Yerevan will host the 1st joint conference of the Association of Eurasian Central Securities Depositories (AECSD) and International Association of Exchanges of CIS Countries (IAEx of CIS) titled “Global Opportunities of Local Markets: Infrastructure and Management.” The organizers of the event, which will bring together representatives of the central depositories and exchanges from CIS countries as well as managers from Thomas Murray, SWIFT, Vnesheconombank, Euroclear, Clearstream, etc., are the Central Depositary of Armenia (CDA) and Nasdaq OMX Armenia. In an interview with PanARMENIAN.Net, CDA director Vahan Stepanyan commented on the issues to be in the focus of the conference and results expected.
September 10, 2011
Armenia has been famous for its jewelers since the ancient times. However, after expiration of the agreement with Russia on cooperation in diamond industry, most of plants were shut down. Things got even worse during the crisis. However, the Armenian government is determined to take every effort to restore the potential of the field. First Deputy Economy Minister Karine Minasyan commented on the steps taken in an interview with PanARMENIAN.Net.