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Rating agency RAEX-Europe confirms Armenia's rating at ‘BB-’

Rating agency RAEX-Europe confirms Armenia's rating at ‘BB-’

July 21, 2018 - 11:26 AMT  07:26 GMT
The rating outlook is stable which means that in the mid-term perspective there is a high probability of maintaining the rating score.
Armenia to produce equipment from stainless steel

Armenia to produce equipment from stainless steel

July 20, 2018 - 13:12 AMT  09:12 GMT
The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian.
ACBA-Credit Agricole Bank placing bonds with 5.25% and 9.50% yield

ACBA-Credit Agricole Bank placing bonds with 5.25% and 9.50% yield

July 12, 2018 - 15:59 AMT  11:59 GMT
To acquire bonds, investors should fill in relevant applications and submit them to ACBA-Credit Agricole Bank.
Armenia among world’s innovation achievers, says UN report

Armenia among world’s innovation achievers, says UN report

July 11, 2018 - 12:01 AMT  08:01 GMT
Armenia has claimed the 68th spot in the rating of the world’s innovative economies and has made it to the list of innovation achievers
$43 million recovered in unpaid taxes in two months, says Armenia PM

$43 million recovered in unpaid taxes in two months, says Armenia PM

July 10, 2018 - 12:08 AMT  08:08 GMT
Davit Ananyan said that the aforementioned amount was recovered as a result of changes in the behavior of 73 businesses.
Vodka, whiskey production down by about 45% y/y in Armenia

Vodka, whiskey production down by about 45% y/y in Armenia

July 3, 2018 - 11:47 AMT  07:47 GMT
The production of vodka has declined by 45% in January-May 2018 against the same period last year.
Armenia invested $1 million in Georgia’s economy in Q1

Armenia invested $1 million in Georgia’s economy in Q1

July 2, 2018 - 16:58 AMT  12:58 GMT
In the past 10 years, investments in the Georgian economy from Armenia amounted to $83 million.
Armenia industry expanded by more than 13% year-on-year

Armenia industry expanded by more than 13% year-on-year

June 26, 2018 - 16:11 AMT  12:11 GMT
The volume of gross agricultural output grew by about 42%, while construction and trade turnover expanded by 2.4% and 12.1%, respectively
Business Armenia promotes investment at EBRD's London event

Business Armenia promotes investment at EBRD's London event

June 25, 2018 - 12:02 AMT  08:02 GMT
The representatives of the Armenian investment promotion agency took part in the EBRD reception held in Westminster Palace.
Romanian carrier TAROM sells two Airbus A310 to Armenia Airways

Romanian carrier TAROM sells two Airbus A310 to Armenia Airways

June 22, 2018 - 15:20 AMT  11:20 GMT
TAROM has sold its two Airbus A310 aircraft, bought in 1991, to Armenia Airways, a newly-established company, for €5.5 million
Innovative and 'green' Kamar business center is unmatched in all of Armenia

Innovative and 'green' Kamar business center is unmatched in all of Armenia

June 20, 2018 - 16:57 AMT  12:57 GMT
Ruben and Mikayel Hasratyan designed the building, while sculptor David Yerevantsi authored the metal tree sculpture adorning the entrance.
Tashir to partially compensate energy costs of low-income families

Tashir to partially compensate energy costs of low-income families

June 20, 2018 - 12:05 AMT  08:05 GMT
According to a statement by the company, the compensation will be provided for a monthly threshold of up to 250 kWh.
Armenia: Gazprom reduces gas tariffs for low-income families by 20%

Armenia: Gazprom reduces gas tariffs for low-income families by 20%

June 20, 2018 - 10:48 AMT  06:48 GMT
the families in question who consume up to 600 cubic meters of natural gas annually, will pay AMD 80 per each cubic meter.
Breaking stereotypes with ‘Kamar’ - Ameriabank unveils new branch

Breaking stereotypes with ‘Kamar’ - Ameriabank unveils new branch

June 19, 2018 - 18:36 AMT  14:36 GMT
The headquarters of Ameriabank was moved to Kamar business center in downtown Yerevan in April 2018.
Schneider Group opening an office in Armenia

Schneider Group opening an office in Armenia

June 19, 2018 - 11:17 AMT  07:17 GMT
Their services include market entry support, accounting outsourcing, tax consulting, import, support in the settlement of disputes.
Fitch affirms Armenia at 'B+'; Outlook Positive

Fitch affirms Armenia at 'B+'; Outlook Positive

June 18, 2018 - 16:26 AMT  12:26 GMT
Fitch Ratings has affirmed Armenia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+' with a Positive Outlook.
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