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Iranian bank to finance construction of 3rd Armenia-Iran transmission line

Iranian bank to finance construction of 3rd Armenia-Iran transmission line

September 1, 2015 - 18:01 AMT  14:01 GMT
According to Executive Director Ali Saleh Abadi, the bank will allocate €83 million to complete the project.
Private transfers to Armenia drop by 31% in 7 months

Private transfers to Armenia drop by 31% in 7 months

September 1, 2015 - 14:01 AMT  10:01 GMT
Private remittances to Armenia amounted to $137.1 million in July 2015, against $197.4 million in the same period of last year.
Yen, euro edge higher as equities retreat

Yen, euro edge higher as equities retreat

September 1, 2015 - 09:39 AMT  05:39 GMT
The euro rose 0.5 percent to $1.1263, extending its recovery from last week's one-week low of $1.1156.
Armenia’s foreign trade turnover drops by 19.9% in 7 months

Armenia’s foreign trade turnover drops by 19.9% in 7 months

August 31, 2015 - 16:59 AMT  12:59 GMT
Armenia’s exports totaled $847 million, up 0,1% from last year, while the imports amounted to $1,810 million, dropping by 26,7%.
11% drop in fruit price, 9% rise in vegetable price reported in Armenia

11% drop in fruit price, 9% rise in vegetable price reported in Armenia

August 28, 2015 - 16:45 AMT  12:45 GMT
The Chairman of the Consumer Advisory Center NGO presented statistical data on prices for agricultural products.
HSBC marks 150th anniversary with $150mln charity fund creation

HSBC marks 150th anniversary with $150mln charity fund creation

August 28, 2015 - 14:54 AMT  10:54 GMT
In Armenia, HSBC annually invests around AMD50mln in charities to support education and environmental projects.
Marquette University prof. earns Senior Fulbright Award to Armenia

Marquette University prof. earns Senior Fulbright Award to Armenia

August 27, 2015 - 09:23 AMT  05:23 GMT
The Fulbright Program aims to increase mutual understanding between the people of the United States and other countries.
Ukraine’s govt. nears restructuring deal with creditors: report

Ukraine’s govt. nears restructuring deal with creditors: report

August 25, 2015 - 09:22 AMT  05:22 GMT
“There is no agreement yet, negotiations are still going on to meet the IMF targets,” Finance Ministry said in a statement.
Oil prices hit 6-1/2-year low, worries intensify

Oil prices hit 6-1/2-year low, worries intensify

August 24, 2015 - 13:36 AMT  09:36 GMT
"Today's falls are not about oil market fundamentals. It's all about China," Carsten Fritsch, senior oil analyst at Commerzbank.
German consumers begin to worry about economy: survey

German consumers begin to worry about economy: survey

August 21, 2015 - 20:04 AMT  16:04 GMT
Still, GfK says the indicator remains high and that the drop does not suggest "that the economic motor will stutter or even stall."
Armenian dram among 10 currencies at risk of devaluation: Bloomberg

Armenian dram among 10 currencies at risk of devaluation: Bloomberg

August 21, 2015 - 18:25 AMT  14:25 GMT
Ex-Soviet Union countries face an additional problem: the ruble’s continued weakness puts them in an unfavorable position in their trade with Russia.
Toyota to replace air-bag inflator supplier: Reuters

Toyota to replace air-bag inflator supplier: Reuters

August 21, 2015 - 10:04 AMT  06:04 GMT
The person with direct knowledge of the deal would not say whether Toyota is helping Nippon Kayaku pay for its expansion.
Greece repays $3.79bn to European Central Bank: report

Greece repays $3.79bn to European Central Bank: report

August 20, 2015 - 12:45 AMT  08:45 GMT
"We are certain to encounter problems in the coming years but I trust we will be able to tackle them," Dijsselbloem said.
U.S. envoy visits Finance Ministry’s IT Infrastructure Development division

U.S. envoy visits Finance Ministry’s IT Infrastructure Development division

August 19, 2015 - 17:37 AMT  13:37 GMT
Ambassador Mills expressed hope that Armenia will continue to improve its business environment to stimulate economic growth.
Fitch upgrades credit rating for Greece by one notch

Fitch upgrades credit rating for Greece by one notch

August 19, 2015 - 14:37 AMT  10:37 GMT
Fitch said in a statement that the Aug 14 deal "reduced the risk of Greece defaulting on its private sector debt obligations".
PM to discuss China's involvement in Armenia-Iran railway construction

PM to discuss China's involvement in Armenia-Iran railway construction

August 18, 2015 - 17:02 AMT  13:02 GMT
According to Gagik Beglaryan, the Chinese side put forward a number of proposals on the implementation of the railway construction project.
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