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World Bank predicts 4.3% GDP growth for Armenia in 2019

World Bank predicts 4.3% GDP growth for Armenia in 2019

March 22, 2019 - 13:12 AMT  09:12 GMT
"Under the baseline scenario, real GDP growth will slow further in 2019, to 4.3 percent," the bank said in the report.
IMF expects 4.5% economic growth in Armenia in 2018

IMF expects 4.5% economic growth in Armenia in 2018

March 20, 2019 - 10:24 AMT  06:24 GMT
The International Monetary Fund expects Armenia's economic growth to slow to 4.5% this year from 5.2% in 2018.
Ameriabank has lent $4.5 billion to Armenian economy since 2008

Ameriabank has lent $4.5 billion to Armenian economy since 2008

March 19, 2019 - 17:37 AMT  13:37 GMT
Artak Hanesyan told reporters on March 19 that the bank has lent $4.5 billion to the Armenian economy since 2008.
Gebrüder Weiss opens regional logistics terminal in Georgia

Gebrüder Weiss opens regional logistics terminal in Georgia

March 16, 2019 - 13:03 AMT  09:03 GMT
After a construction period of six months, the new Gebrüder Weiss logistics terminal in Tbilisi officially opened.
Ameriabank co-finances acquisition of Armenian firm by foreign investor

Ameriabank co-finances acquisition of Armenian firm by foreign investor

March 14, 2019 - 18:40 AMT  14:40 GMT
The transaction was initiated by Ameriabank with two other Armenian banks to secure a combined credit resource of $40mln.
New plant set to bottle water in Armenia and ship to Russia

New plant set to bottle water in Armenia and ship to Russia (video)

 March 14, 2019 - 15:57 AMT  11:57 GMT
The business will create 141 new jobs, while water produced in the plant will mostly exported to Russia.
Armenia shipped 15 million cubic meters of gas to Georgia in 2018

Armenia shipped 15 million cubic meters of gas to Georgia in 2018

March 14, 2019 - 13:44 AMT  09:44 GMT
Natural gas worth approximately $2.26 million were shipped to the neighboring country last year, new data reveal.
Armenian leather products unveiled at major fair in Russia

Armenian leather products unveiled at major fair in Russia

March 13, 2019 - 13:45 AMT  09:45 GMT
The Armenian corner represents one leather processing, 5 shoe producing, and 2 bags and accessory producing companies.
Belarus, Armenia agree to bolster mutual trade

Belarus, Armenia agree to bolster mutual trade

March 13, 2019 - 10:32 AMT  06:32 GMT
Belarus Minister of Antimonopoly Regulation and Trade Vladimir Koltovich met Armenia's Ambassador Armen Ghevondyan.
Armenia invested $9.7 million in Georgia’s economy in 2018

Armenia invested $9.7 million in Georgia’s economy in 2018

March 12, 2019 - 18:43 AMT  14:43 GMT
Direct investments thus grew 51.5% year-on-year as Armenia had invested $6.4 mln in the Georgia in 2017.
SkyUp Airlines launching Kiev-Yerevan flights

SkyUp Airlines launching Kiev-Yerevan flights

March 12, 2019 - 13:47 AMT  09:47 GMT
Kyiv-Yerevan flights will start from May 17 and will be operated twice a week on Mondays and Fridays.
U.S. Congressmen call for at least $50 mln in foreign aid to Armenia

U.S. Congressmen call for at least $50 mln in foreign aid to Armenia

March 12, 2019 - 11:03 AMT  07:03 GMT
both Congressman Pallone and Congressman Schiff called upon the Subcommittee to appropriate funds to support media freedom.
Lydian says could take disbute with Armenia to international arbitration

Lydian says could take disbute with Armenia to international arbitration

March 11, 2019 - 18:20 AMT  14:20 GMT
The company said it does not intend to make any further public comments relating to the matters unless required by law.
Armenia ice cream production increased 40-fold in January

Armenia ice cream production increased 40-fold in January

March 11, 2019 - 12:27 AMT  08:27 GMT
39,000 liters of sweetened frozen products were produced in January 2019 against the 1000 liters produced a year earlier.
Trade in Armenia expanded by 19% in January

Trade in Armenia expanded by 19% in January

March 11, 2019 - 11:34 AMT  07:34 GMT
According to the National Statistical Service, construction and trade increased by 22.1% and 19.3%, respectively.
Ryanair planning to launch regular flights to Armenia

Ryanair planning to launch regular flights to Armenia

March 9, 2019 - 10:29 AMT  06:29 GMT
Tatevik Revazian said she has held talks with senior executives of the Irish carrier in Dublin for that purpose.
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