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Armenia’s shadow economy

Armenia’s shadow economy "expected to shrink by 3% in 2019"

September 16, 2019 - 16:54 AMT  12:54 GMT
Armenian Prime Minister Nikol Pashinyan said that shadow economy in Armenia will shrink by 3% in 2019.
Ameriabank signs $20 M equivalent local currency facility agreement

Ameriabank signs $20 M equivalent local currency facility agreement

September 11, 2019 - 12:15 AMT  08:15 GMT
The facility will be spent on energy projects, home mortgage, education and business loans to persons younger than 35.
Refinancing rate in Armenia cut to 5.50%

Refinancing rate in Armenia cut to 5.50%

September 10, 2019 - 18:05 AMT  14:05 GMT
The country's consumer price index declined 0.4% in August month-on-month, but was up 0.6% year-on-year.
Armenia PM: Amulsar mine may be exploited in Q4 of 2020 at the earliest

Armenia PM: Amulsar mine may be exploited in Q4 of 2020 at the earliest

September 9, 2019 - 14:27 AMT  10:27 GMT
Pashinyan has said that the Amulsar gold mine in Armenia may be exploited in Q4 of 2020 at the earliest.
Moody's raises Ameriabank’s rating to Ba3

Moody's raises Ameriabank’s rating to Ba3

September 4, 2019 - 12:15 AMT  08:15 GMT
This follows the upgrade of Armenia's sovereign rating to Ba3 (stable outlook) from B1 (positive outlook) on 27 August 2019.
Export of Armenian fruit wines grew 41% year-on-year

Export of Armenian fruit wines grew 41% year-on-year

September 4, 2019 - 10:55 AMT  06:55 GMT
The export of fruit wines from Armenia grew by 41% in the first seven months of 2019 against the same period last year.
Gyumri will be home to a free economic zone

Gyumri will be home to a free economic zone

August 29, 2019 - 16:07 AMT  12:07 GMT
The Eurasian Logistic Park is a free economic zone set to be built in the Armenian town of Gyumri in Shirak province.
Armenia chocolate exports grow 30%

Armenia chocolate exports grow 30%

August 15, 2019 - 11:40 AMT  07:40 GMT
Pashinyan has revealed that export of chocolate from Armenia has grown by 30.3% in the first six months of 2019.
Lydian

Lydian "relieved, heartened" as Amulsar report released

August 15, 2019 - 11:26 AMT  07:26 GMT
Sellers said: “It has been a tough year for many thousands of direct and indirect stakeholders in the Amulsar Project."
U.S. blacklists two Armenian entities for business ties with Iranian firm

U.S. blacklists two Armenian entities for business ties with Iranian firm

August 14, 2019 - 11:16 AMT  07:16 GMT
The United States Department of Commerce has blacklisted two Armenian entities, according to a notice.
Alcohol production sees double-digit growth in Armenia

Alcohol production sees double-digit growth in Armenia

August 12, 2019 - 13:23 AMT  09:23 GMT
23% more mineral and carbonated waters were produced in the first six months of 2019, official statistics reveals.
Armenia planning to build new road to Artsakh

Armenia planning to build new road to Artsakh

July 24, 2019 - 18:14 AMT  14:14 GMT
A corresponding decision has already been approved, Security Council Secretary Armen Grigoryan said.
responsAbility, Ameriabank join forces for loan securitization project

responsAbility, Ameriabank join forces for loan securitization project

July 18, 2019 - 13:17 AMT  09:17 GMT
The arranger and placement agent of the transaction is JP Morgan, while key investors in the vehicle include the OPIC.
Lydian Armenia dispute

Lydian Armenia dispute "damaging to both company and the country"

July 12, 2019 - 16:20 AMT  12:20 GMT
"We believe in the rule of law, fair treatment of all businesses, in professionalism and integrity," said the ABBC.
Ameriabank receives Euromoney award as Armenia's best bank

Ameriabank receives Euromoney award as Armenia's best bank

July 12, 2019 - 10:34 AMT  06:34 GMT
The award is a recognition of its leadership in the market, sustainable growth and push for digital transformation.
Armenia suffers massive power blackout

Armenia suffers massive power blackout

July 10, 2019 - 15:02 AMT  11:02 GMT
Energy has been restored to almost all users after a massive blackout left several districts in Yerevan without power.
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