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IDeA Foundation pledges to attract $1.3 bn investments into Armenia

IDeA Foundation pledges to attract $1.3 bn investments into Armenia

April 25, 2017 - 17:04 AMT  13:04 GMT
According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia.
Russian energy holdings lose interest in Armenian hydropower plants

Russian energy holdings lose interest in Armenian hydropower plants

April 24, 2017 - 16:47 AMT  12:47 GMT
RusHydro will consider the possibility of selling the Sevan-Hrazdan cascade of hydroelectric power stations.
Government planning to issue fresh bonds worth more than $1.2 billion

Government planning to issue fresh bonds worth more than $1.2 billion

April 22, 2017 - 14:14 AMT  10:14 GMT
The government envisages to take the debt in three tranches, each in the form of bonds worth AMD 200 billion.
Armenia seeks to boost exports by 2.4 times to $4.4 bn in 2022

Armenia seeks to boost exports by 2.4 times to $4.4 bn in 2022

April 22, 2017 - 13:49 AMT  09:49 GMT
According to preliminary estimates, exports will grow from some $1.8 billion in 2016 to around $2.5 billion in 2018.
Forbes: Eight Armenians included in Russia's rich list

Forbes: Eight Armenians included in Russia's rich list

April 20, 2017 - 17:20 AMT  13:20 GMT
The majority shareholder and general director of Magnit retail chain Sergey Galitsky is ranked the 18th. His fortune is estimated at $ 6.8 billion.
Armenia's exports grew by 16.5% in first quarter of 2017

Armenia's exports grew by 16.5% in first quarter of 2017

April 20, 2017 - 16:52 AMT  12:52 GMT
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
Deliveries of Armenian electricity to Georgia on the rise

Deliveries of Armenian electricity to Georgia on the rise

April 18, 2017 - 17:00 AMT  13:00 GMT
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
Asian markets drop on concerns over North Korea

Asian markets drop on concerns over North Korea

April 14, 2017 - 17:10 AMT  13:10 GMT
Tokyo's Nikkei 225 fell 0.4 percent closing at 18,335.63, and South Korea's Kospi slipped 0.6 percent to 2,134.88.
Russia-China trade up almost 30% in Q1 2017

Russia-China trade up almost 30% in Q1 2017

April 13, 2017 - 16:34 AMT  12:34 GMT
The countries are jointly building the Power of Siberia gas pipeline and a liquefied natural gas (LNG) facility on the Yamal Peninsula in the Russian Arctic.
$850 million will be invested in Armenia in 2017: economy minister

$850 million will be invested in Armenia in 2017: economy minister

April 13, 2017 - 16:20 AMT  12:20 GMT
“The Armenia investors’ club and a number of other platforms and private investors will serve as funding sources,” Karayan said.
Prime minister wants local produce to substitute imported agricultural goods

Prime minister wants local produce to substitute imported agricultural goods

April 13, 2017 - 12:57 AMT  08:57 GMT
The PM instructed the minister of agriculture to submit within a month proposals for promoting the activity of seed breeding stations.
IMF predicts 3% economic growth in Armenia for 2017

IMF predicts 3% economic growth in Armenia for 2017

April 12, 2017 - 18:15 AMT  14:15 GMT
"We are well aware of the situation and are determined to implement reforms in all areas, as we experience efficiency deficit," Karapetyan said.
EU providing more support

EU providing more support "to reinforce Armenia civil society"

April 10, 2017 - 16:32 AMT  12:32 GMT
At the same time the EU is looking for innovative projects that will make Armenia healthier, safer, cleaner and more sustainable.
Ameriabank retains absolute leadership in Armenia banking sector

Ameriabank retains absolute leadership in Armenia banking sector

April 7, 2017 - 17:43 AMT  13:43 GMT
Furthermore, the Bank has reported strong performance in retail banking, with the data presented in an infographics.
Armenia eyes bigger economic growth than outlined in the budget

Armenia eyes bigger economic growth than outlined in the budget

April 6, 2017 - 13:39 AMT  09:39 GMT
"We have had several rounds of discussions on prioritizing the funding of projects which are capital in nature,” Aramyan said.
Passenger traffic in Armenia’s Shirak airport up by 267%

Passenger traffic in Armenia’s Shirak airport up by 267%

April 5, 2017 - 18:14 AMT  14:14 GMT
The traffic at Zvartnots international airport grew by 21,2% in the first three months of 2017 as compared to the same period in 2016.
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