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Oil price goes above $50 a barrel for first time in 2016

Oil price goes above $50 a barrel for first time in 2016

May 26, 2016 - 15:51 AMT  11:51 GMT
The rise followed U.S. data showing that oil inventories had fallen after supply disruptions due to fires in Canada.
Armenia cheese exports to Russia grow twofold

Armenia cheese exports to Russia grow twofold

May 24, 2016 - 12:35 AMT  08:35 GMT
In Q1 of 2016, the import of cheese to Russia amounted to 49 300 tons, up by 31% against the same period last year.
Armenia working to speed up Russian ammo acquisition: Defense Minister

Armenia working to speed up Russian ammo acquisition: Defense Minister

May 23, 2016 - 20:35 AMT  16:35 GMT
"Some of the contracts have already been signed," Seyran Ohanyan said. "We'll do our best to have them in Armenia as soon as possible."
Armenia exports and imports up by 22% and 18.5%

Armenia exports and imports up by 22% and 18.5%

May 21, 2016 - 14:04 AMT  10:04 GMT
The foreign trade turnover amounted to around $1.67 billion in January-April 2016, up by 19.4% against the same period last year.
Dozen U.S. firms explore investment opportunities in Armenia

Dozen U.S. firms explore investment opportunities in Armenia

May 18, 2016 - 15:57 AMT  11:57 GMT
“One of my priorities, as Ambassador, is to further develop our bi-lateral economic ties,” said U.S. Ambassador to Armenia Richard Mills, Jr.
Qatar Airways launches in Armenia with maiden flight to Doha

Qatar Airways launches in Armenia with maiden flight to Doha

May 16, 2016 - 18:25 AMT  14:25 GMT
“Situated at the crossroads of Europe and Asia, Armenia can easily become a transit zone,” Qatar Airways Chief Commercial Officer said.
Ameriabank's latest achievements: B+ stable outlook at Fitch, $20 mln loan

Ameriabank's latest achievements: B+ stable outlook at Fitch, $20 mln loan

May 13, 2016 - 20:40 AMT  16:40 GMT
“As you can see, Armenia remains attractive for foreign partners and investors,” the bank's deputy director Gevorg Tarumyan.
Eurozone Q1 growth revised lower to 0.5 percent

Eurozone Q1 growth revised lower to 0.5 percent

May 13, 2016 - 15:32 AMT  11:32 GMT
Still, the eurozone's growth during the first quarter outstripped the 0.1 percent recorded in the U.S.
Germany more than doubles economic growth rate in Q1

Germany more than doubles economic growth rate in Q1

May 13, 2016 - 13:08 AMT  09:08 GMT
Germany's trade surplus shrank after imports grew more quickly than exports over the period thanks to strong domestic demand.
EBRD honors Ameriabank with Deal of the Year – Energy Efficiency award

EBRD honors Ameriabank with Deal of the Year – Energy Efficiency award

May 13, 2016 - 10:55 AMT  06:55 GMT
Ameriabank has issued two letters of credit for Alternative Energy LLC which were approved and financed by Commerzbank.
Armenia only EEU country to register economic growth in 2015: official

Armenia only EEU country to register economic growth in 2015: official

May 12, 2016 - 18:24 AMT  14:24 GMT
Armenia’s exports to Belarus showed a 45% hike in the first two months of 2016 against the same period last year, Valovaya noted.
Fitch Ratings revises Ameriabank's outlook to Stable, affirms IDR at “B+”

Fitch Ratings revises Ameriabank's outlook to Stable, affirms IDR at “B+”

May 12, 2016 - 17:48 AMT  13:48 GMT
The revision reflects Fitch's expectation that the bank is likely to remain resilient to pressures from the difficult operating environment.
EBRD, government team up for Gyumri infrastructure modernization

EBRD, government team up for Gyumri infrastructure modernization

May 11, 2016 - 17:38 AMT  13:38 GMT
To be issued in 3 tranches, the financing will fund the rehabilitation of the city’s major streets, as well as modernization of street lighting.
Converse Bank wins EBRD’s Deal of the Year– Social Impact award

Converse Bank wins EBRD’s Deal of the Year– Social Impact award

May 11, 2016 - 17:04 AMT  13:04 GMT
The bank was rewarded for supporting the complete technical renovation of Izmirlyan Medical Center with GE Healthcare equipment.
Canada wildfire knocks out nearly 1.07 million bpd of crude capacity

Canada wildfire knocks out nearly 1.07 million bpd of crude capacity

May 10, 2016 - 10:02 AMT  06:02 GMT
Syncrude Canada Ltd will cut forecast May crude production volumes by some 35 percent, trading sources said.
Ford invests $182.2 million in cloud-software company Pivotal

Ford invests $182.2 million in cloud-software company Pivotal

May 5, 2016 - 16:56 AMT  12:56 GMT
The move underscores the pressure carmakers face to boost their technology platforms given the rise of connected and self-driving cars.
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