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Inter RAO blames Armenian management system for power crisis

Inter RAO blames Armenian management system for power crisis

July 1, 2015 - 16:32 AMT  12:32 GMT
Russia’s Inter RAO controls the Electric Networks of Armenia, which has the monopoly for electricity distribution in the country.
Electric Networks of Armenia sues Nairit chemical plant over debt

Electric Networks of Armenia sues Nairit chemical plant over debt

June 30, 2015 - 16:35 AMT  12:35 GMT
In recent years, several lawsuits have been filed against Nairit plant by EnergoCor and Iranian SandbadTir INTL Transport Co.LTD companies.
Power bills not to be subsidized through state budget: Prime Minister

Power bills not to be subsidized through state budget: Prime Minister

June 30, 2015 - 16:23 AMT  12:23 GMT
The PM did not respond to remarks about the reported allegations that the auditing will fall short of revealing the abuses in the system.
Russian daily: Electric Networks of Armenia may be sold

Russian daily: Electric Networks of Armenia may be sold

June 29, 2015 - 14:01 AMT  10:01 GMT
"Talks were already held with Russian businessmen of Armenian origin, including the owner of Tashir Group Samvel Karapetyan," Kommersant says.
President suggests auditing Russian-owned energy company

President suggests auditing Russian-owned energy company

June 27, 2015 - 11:22 AMT  07:22 GMT
“The int’l audit from an early date of their operation should also involve the expert community and civil society representatives,” Sargsyan said.
Russia to donate Armenia $42 million to implement EEU roadmap

Russia to donate Armenia $42 million to implement EEU roadmap

June 26, 2015 - 19:16 AMT  15:16 GMT
As Russian transport minister Maxim Sokolov Sokolov said, the money will be used for purchase of equipment and services.
Ameriabank gets Innovative Company of the Year prize

Ameriabank gets Innovative Company of the Year prize

June 23, 2015 - 17:31 AMT  13:31 GMT
DigiBusiness prize was awarded in various categories to companies operating outside the IT industry.
Parliament OKs electricity network improvement loan deal

Parliament OKs electricity network improvement loan deal

June 23, 2015 - 17:08 AMT  13:08 GMT
The project is implemented by Yerevan Heat Power Plant and High Voltage Electric Networks closed joint stock company
Parliament debates on $150 million loan agreement with EDB

Parliament debates on $150 million loan agreement with EDB

June 22, 2015 - 18:13 AMT  14:13 GMT
The loan will be used to finance construction of a 20.5 - kilometer section of the Corridor from the town of Agarak to Kajaran.
IDeA, SME Development Center to aid businesses in Tatev, Dilijan

IDeA, SME Development Center to aid businesses in Tatev, Dilijan

June 19, 2015 - 17:20 AMT  13:20 GMT
The parties expressed readiness to cooperate within Support to Young Entrepreneurs program envisaging comprehensive support to SMEs.
8th annual DigiTec Business Forum launches in Yerevan

8th annual DigiTec Business Forum launches in Yerevan

June 19, 2015 - 16:56 AMT  12:56 GMT
The forum has been organized by the Union of Information Technology Enterprises under the high auspices of the Prime Minister.
Energy supply restrictions out if ENA chief competence: minister

Energy supply restrictions out if ENA chief competence: minister

June 18, 2015 - 18:24 AMT  14:24 GMT
PSRC set new electricity tariffs for the population, having raised electricity tariff by AMD 6.93 to AMD 48.78.
KfW to extend €210M in loans and grants for Armenian projects

KfW to extend €210M in loans and grants for Armenian projects

June 17, 2015 - 16:46 AMT  12:46 GMT
A relevant agreement was signed by the minister of finance Gagik Khachatryan and German ambassador to Armenia Rayner Morel.
Electricity tariff up by AMD 6.93 in Armenia amid protests

Electricity tariff up by AMD 6.93 in Armenia amid protests

June 17, 2015 - 16:20 AMT  12:20 GMT
Head of tariff policies at PSRC Garegin Baghramyan said national currency fluctuations were one of the reasons for the tariff increase.
IMF chief issues letter on Ukraine

IMF chief issues letter on Ukraine

June 13, 2015 - 12:47 AMT  08:47 GMT
“Rapid completion of the debt operation with high participation is vital for the success of the program,” Lagarde said.
Greece says it needs deal with creditors by June 18

Greece says it needs deal with creditors by June 18

June 12, 2015 - 19:02 AMT  15:02 GMT
In The Hague, Dijsselbloem told reporters that it was "unimaginable" to do a deal with Greece without the IMF's involvement.
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