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Number of tourists visiting Armenia up by 8.6% in first trimester

Number of tourists visiting Armenia up by 8.6% in first trimester

April 30, 2016 - 17:00 AMT  13:00 GMT
227.499 people left Armenia in Januray-March for tourism purposes, a 5.9% increase against the same period last year.
Eurozone recovery gains speed

Eurozone recovery gains speed

April 29, 2016 - 16:57 AMT  12:57 GMT
The growth rate in the 19-nation bloc doubled from the 0.3% rate recorded in the previous quarter.
Polymetal posts mineral resource estimate for Armenia’s Lichkvaz

Polymetal posts mineral resource estimate for Armenia’s Lichkvaz

April 29, 2016 - 16:01 AMT  12:01 GMT
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
WB OKs $30 mln loan for improving Armenia’s power sector

WB OKs $30 mln loan for improving Armenia’s power sector

April 28, 2016 - 13:28 AMT  09:28 GMT
According to Laura Bale, the program aims to help the government in its efforts towards an adequate and reliable electricity supply.
Gazprom Armenia seeks to cut gas tariff by AMD 9.3 per 1 cubic meter

Gazprom Armenia seeks to cut gas tariff by AMD 9.3 per 1 cubic meter

April 27, 2016 - 13:35 AMT  09:35 GMT
For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
BP eyes more spending cuts after 80 percent drop in profit

BP eyes more spending cuts after 80 percent drop in profit

April 26, 2016 - 14:37 AMT  10:37 GMT
The BP CEO suffered an embarrassing shareholder revolt earlier this month when investors rejected his $20 mln remuneration package.
Hyundai Motor posts ninth straight quarterly profit drop

Hyundai Motor posts ninth straight quarterly profit drop

April 26, 2016 - 14:03 AMT  10:03 GMT
In China, Hyundai Motor sold 10 percent fewer vehicles in the quarter, as it trailed rivals in tapping soaring demand for SUVs.
Mitsubishi Motors admits rigging fuel tests since 1991

Mitsubishi Motors admits rigging fuel tests since 1991

April 26, 2016 - 12:50 AMT  08:50 GMT
The admission follows last week's revelation that it had falsified fuel economy data for more than 600,000 vehicles sold in Japan.
German business confidence stable despite global slowdown fears

German business confidence stable despite global slowdown fears

April 25, 2016 - 16:27 AMT  12:27 GMT
The Ifo index barely slipped to 106.6 points from 106.7 points in March. Market analysts had expected a small rise to 107.0 points.
Armenia eyes production of advanced electrical equipment

Armenia eyes production of advanced electrical equipment

April 23, 2016 - 18:13 AMT  14:13 GMT
President Sargsyan attended the launch of new production facilities, designed for the production of high-quality electrical equipment.
World Bank to lend Ecuador $150 mln to speed up aid to quake victims

World Bank to lend Ecuador $150 mln to speed up aid to quake victims

April 23, 2016 - 11:52 AMT  07:52 GMT
The massive 7.8-magnitude quake that struck on April 16, killing 587 people, has left some survivors clamoring for food, water and medicine.
Armenia seeks to become transit country for air travel

Armenia seeks to become transit country for air travel

April 22, 2016 - 16:24 AMT  12:24 GMT
“We await for reputable airlines to enter the Armenian market, which will lead to lower prices for air tickets,” Artsvik Minasyan said.
Daimler shares drop after internal emissions probe announced

Daimler shares drop after internal emissions probe announced

April 22, 2016 - 14:50 AMT  10:50 GMT
Separately, Daimler posted a 31% fall in first-quarter profits as costs of new car launches weighed on the bottom line.
PicsArt gets $20 mln in fresh funding for Asia expansion

PicsArt gets $20 mln in fresh funding for Asia expansion

April 21, 2016 - 10:07 AMT  06:07 GMT
PicsArt hasn’t revealed how many users it has in Asia, but Wilson Kriegel says it has seen “huge usage growth” across the continent.
Contributions for Karabakh army buildup continue; $6.9 mln raised

Contributions for Karabakh army buildup continue; $6.9 mln raised

April 20, 2016 - 16:14 AMT  12:14 GMT
Around $304.000 was transferred to the special bank account, opened by the Karabakh government, on April 19.
$6.5 mln raised for Karabakh army build-up in about two weeks

$6.5 mln raised for Karabakh army build-up in about two weeks

April 19, 2016 - 16:01 AMT  12:01 GMT
Around $734.000 was transferred to the special bank account, opened by the government, by 265 legal entities and individuals on April 14.
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