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Armenia heading to Greece's biggest tourism fair for first time ever

Armenia heading to Greece's biggest tourism fair for first time ever

November 8, 2018 - 10:29 AMT  06:29 GMT
Armenia is participating for the first time in the Philoxenia International Tourism Exhibition in the Greek city of Thessaoliniki
Turkey eyes $1.5 bn carpet export by end of 2018

Turkey eyes $1.5 bn carpet export by end of 2018

November 5, 2018 - 15:55 AMT  11:55 GMT
“By the end of the year, we will have exported one third of the $1.5 billion target to the U.S.,” Ahmet Kaplan said.
Electric cars to be exempt from VAT in Armenia

Electric cars to be exempt from VAT in Armenia

November 5, 2018 - 12:54 AMT  08:54 GMT
According to the document, the bill seeks to promote the use of electric cars in order to help curb air pollution.
Tablet production grows seven-fold in Armenia

Tablet production grows seven-fold in Armenia

November 5, 2018 - 11:57 AMT  07:57 GMT
In particular, 384 tablets were devised in January-September 2018 against the 55 produced in the same period in 2017.
New Armenian banknotes to be put into circulation within weeks

New Armenian banknotes to be put into circulation within weeks

November 1, 2018 - 15:03 AMT  11:03 GMT
New Armenian banknotes will be put into circulation in November, a spokesman for the Central Bank told PanARMENIAN.Net.
Armenia improves Doing Business standing by 6 notches

Armenia improves Doing Business standing by 6 notches

October 31, 2018 - 17:59 AMT  13:59 GMT
Armenia made starting a business easier by allowing voluntary value added tax registration at the time of business incorporation.
Kyrgyz company buys Armenian mine from Russia’s Polymetal for $55m

Kyrgyz company buys Armenian mine from Russia’s Polymetal for $55m

October 31, 2018 - 10:29 AMT  06:29 GMT
The $55 million deal is part of Chaarat’s intention of becoming a major regional player, with an annual production of 1 million ounces.
WB: Foreign direct investment in Armenia will grow 3% in 2018

WB: Foreign direct investment in Armenia will grow 3% in 2018

October 27, 2018 - 15:50 AMT  11:50 GMT
In a new report published recently, the Bank said economic growth is being driven by rising investment.
World Bank predicts 5.3% GDP growth for Armenia in 2018

World Bank predicts 5.3% GDP growth for Armenia in 2018

October 27, 2018 - 13:44 AMT  09:44 GMT
Inflation will edge up but remain within the CBA target range, while the current account deficit will widen on account of a higher import bill.
Armenian food industry unveiled in Paris

Armenian food industry unveiled in Paris

October 24, 2018 - 14:14 AMT  10:14 GMT
Paris 2018 distributors are very much interested in Armenian organic honey, jam, dried fruits, tea and sugar-free canned fruits.
Armenia needs to pay off $1,055 billion worth state debt in 2020

Armenia needs to pay off $1,055 billion worth state debt in 2020

October 22, 2018 - 16:18 AMT  12:18 GMT
Canadian firm to launch production of food additives in Armenia

Canadian firm to launch production of food additives in Armenia

October 9, 2018 - 18:07 AMT  14:07 GMT
"The products made after the clinical research will be supplied to the local and EAEU markets," said Giro Jebenyan.
IMF raises Armenia's growth outlook for 2018 to 6%

IMF raises Armenia's growth outlook for 2018 to 6%

October 9, 2018 - 14:26 AMT  10:26 GMT
According to the Fund, the country's economy will grow by 4.8% in 2019 instead of the 3.5% forecasted earlier.
Vegetable oil production plant to be established in Armenia

Vegetable oil production plant to be established in Armenia

October 8, 2018 - 14:25 AMT  10:25 GMT
Ghalbourjian Group, in particular, aims to start production of vegetable oil and other additives.
Ameriabank signs €40 million loan agreement with FMO

Ameriabank signs €40 million loan agreement with FMO

October 3, 2018 - 17:31 AMT  13:31 GMT
The renewable energy financing is set to further promote sustainable development of the clean energy sector.
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