  Merger of insurance companies not envisaged in Armenia in near future January 18, 2011 - 17:34 AMT PanARMENIAN.Net - Currently, the merger of Griar-Insurance and INGO-Armenia insurance companies has been completed. Director of the Association of Insurance Market Participants of Armenia union of legal entities Andranik Ohanjanyan told a PanARMENIAN.Net reporter that a merger of other insurance companies is not envisaged in Armenia in the near future. Nevertheless, insurance companies may take a similar step to attract greater number of consumers of mandatory vehicle insurance services. On December 30, 2010, the Central Bank of Armenia registered the transfer of Griar-Insurance company’s portfolio to INGO-Armenia company.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
