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Energy Minister confirms talks on sale of 20% Armenian shares to Gazprom

Energy Minister confirms talks on sale of 20% Armenian shares to Gazprom

June 19, 2013 - 18:20 AMT  14:20 GMT
Ealier, Gazprom chief and Movsisyan discussed the possibility of increasing the Russian gas giant's share in ArmRusgasprom to 100%.
Obama urges Europe to tackle youth unemployment

Obama urges Europe to tackle youth unemployment

June 19, 2013 - 18:10 AMT  14:10 GMT
Unemployment in the eurozone has shot up to a record 12% overall. Youth unemployment in Spain and Greece is above 50%.un
HSBC cut its growth forecasts for China

HSBC cut its growth forecasts for China

June 19, 2013 - 17:42 AMT  13:42 GMT
Hongbin said it will take time for new measures from China to “filter through to the economy and have an impact on growth.”
Airbus seals A350-900 order from Air France-KLM

Airbus seals A350-900 order from Air France-KLM

June 19, 2013 - 17:38 AMT  13:38 GMT
The airline said, that it had signed a memorandum of understanding with Rolls-Royce to equip the A350s with Trent XWB engines.
IMF calls for “ambitious” economic policy reforms in Russia

IMF calls for “ambitious” economic policy reforms in Russia

June 18, 2013 - 19:42 AMT  15:42 GMT
The International Monetary Fund has cut its forecast for Russia’s GDP growth in 2014 to 3.25 percent from 3.8 percent.
USD market average rate totals AMD 412.51 June 18

USD market average rate totals AMD 412.51 June 18

June 18, 2013 - 19:00 AMT  15:00 GMT
The market average rate of USD totaled AMD 412.51 on June 18 decreasing by 1.01 point compared to June 13.
Ararat province farmers to sell apricots at AMD 500 per kilo

Ararat province farmers to sell apricots at AMD 500 per kilo

June 18, 2013 - 17:36 AMT  13:36 GMT
Earlier, a group of farmers launched a rally demanding to set an acceptable price for apricot purchase.
Gazprom seeks 100% stake in ArmRusgasprom

Gazprom seeks 100% stake in ArmRusgasprom

June 18, 2013 - 17:04 AMT  13:04 GMT
The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan.
GDCA to announce tender for 3 Armenian air companies in late June

GDCA to announce tender for 3 Armenian air companies in late June

June 18, 2013 - 16:40 AMT  12:40 GMT
At a June 6 sitting, the government of Armenia confirmed the concept of liberalization in air transportation sector.
Boeing starts work on 787 Dreamliner stretched-out version

Boeing starts work on 787 Dreamliner stretched-out version

June 18, 2013 - 14:54 AMT  10:54 GMT
The company is already working on a longer version, the 787-9, that would hold between 250 and 290 passengers.
Armenian Public Council advises to rehabilitate Armavia

Armenian Public Council advises to rehabilitate Armavia

June 18, 2013 - 13:57 AMT  09:57 GMT
“It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said.
ECB ‘ready to act’ if needed: Draghi

ECB ‘ready to act’ if needed: Draghi

June 18, 2013 - 12:27 AMT  08:27 GMT
Some of the measures may have unintended consequences, but this did not mean that they should not be used, Draghi said.
Oil prices steady ahead of U.S. Federal Reserve policy meeting

Oil prices steady ahead of U.S. Federal Reserve policy meeting

June 18, 2013 - 09:47 AMT  05:47 GMT
To help support the economic recovery, the Fed buys $85bn in bonds every month, which pumps money into the financial system.
Barroso: free trade deal with U.S. would be a ‘game-changer’

Barroso: free trade deal with U.S. would be a ‘game-changer’

June 17, 2013 - 17:42 AMT  13:42 GMT
Barroso said that a deal "can be a game-changer, not just for the trans-Atlantic area, the U.S. and Europe, but for the world."
SCR posts 6-fold passenger flow increase on Yerevan-Batumi route

SCR posts 6-fold passenger flow increase on Yerevan-Batumi route

June 17, 2013 - 13:04 AMT  09:04 GMT
South Caucasus Railway hosted a summer season opening ceremony, with Armenia deluxe train launching on Yerevan-Batumi-Yerevan route.
PSRC to discuss lowering water price at June 21 sitting

PSRC to discuss lowering water price at June 21 sitting

June 17, 2013 - 12:07 AMT  08:07 GMT
On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter.
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Overview: Economy
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UN chief hails China's peacekeeping efforts Ban said China has provided more peacekeepers than all the other four permanent members of the UN Security Council.
Parliament approves amendments to law on minimum wage rate Besides, new scale of salaries will be introduced, according to which the minimum wage rate will be doubled by 2017.
Elina Danielian loses 4th round game at Dilijan Women’s Grand Prix Armenia’s Elina Danielian lost the game against Olga Girya of Russia in the 4th round of the Dilijan Women’s Grand Prix.
“Hysteria” star Felicity Jones may join “The Amazing Spider-Man 2” As of now, only Paul Giamatti and Jamie Foxx are confirmed to villainize the Marvel film as Rhino and Electro respectively.
Intel chief tech officer hints at move into smartwatch market Several other tech companies are believed to have smartwatches in the works, including Apple, Samsung and LG.
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Martin Torosyan
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Areximbank-Gazprombank Group's SME credit portfolio to hit AMD 10 bln by late 2013
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EFSE funding for agricultural sector keeps growing

This is even more significant as the EFSE gives PLIs full flexibility in using MSE credit line funds across economic sectors.