Business Armenia secured $14 mln investment pledges over past year

Business Armenia secured $14 mln investment pledges over past year

March 6, 2019 - 11:18 AMT  07:18 GMT
35 foreign representatives of Business Armenia in 24 countries ensured investment memoranda of $14 million in the past year.
IFC, MIGA arrange $202 mln loan to boost Armenia’s power sector

IFC, MIGA arrange $202 mln loan to boost Armenia’s power sector

March 5, 2019 - 11:53 AMT  07:53 GMT
The gas turbine power plant in the south of Yerevan will help increase efficiency for gas-fired electricity generation.
Coca-Cola System makes more investment in Armenia's development

Coca-Cola System makes more investment in Armenia's development

February 28, 2019 - 17:37 AMT  13:37 GMT
Coca-Cola Hellenic Armenia has unveiled the results of an independent Socio-Economic Impact Study (SEIS).
Armenia may export electricity to Iraq

Armenia may export electricity to Iraq

February 28, 2019 - 11:03 AMT  07:03 GMT
Armenia and Iraq are planning to launch energy cooperation, Hrachya Poladian said after a meeting with Dr. Loay Al-Khatib.
Armenia ready to become transit country for Iranian gas: Pashinyan

Armenia ready to become transit country for Iranian gas: Pashinyan

February 27, 2019 - 18:26 AMT  14:26 GMT
Armenia is ready to become a transit country for Iranian gas, PM Nikol Pashinyan told Iranian President Hassan Rouhani.
IMF, Armenia reach $250 mln stand-by arrangement deal

IMF, Armenia reach $250 mln stand-by arrangement deal

February 27, 2019 - 10:58 AMT  06:58 GMT
The International Monetary Fund will provide $250 million to support the Armenian government's reform plans.
Wyndham will open hotel in Armenia in 2019

Wyndham will open hotel in Armenia in 2019

February 26, 2019 - 17:23 AMT  13:23 GMT
Anticipated openings include Crete (Greece), Nicosia (Cyprus), Tbilisi (Georgia) and Yerevan (Armenia).
Production of medical supplies established in Armenia

Production of medical supplies established in Armenia

February 26, 2019 - 16:03 AMT  12:03 GMT
According to the Minister, all the productions will be exported, while the investors are planning to establish a second plant.
IMF says ready to support reforms in Armenia

IMF says ready to support reforms in Armenia

February 26, 2019 - 12:15 AMT  08:15 GMT
The IMF Executive Director said that Armenia is a reliable partner for the International Monetary Fund.
EU will increase Armenia funding by 20-25% - Ambassador

EU will increase Armenia funding by 20-25% - Ambassador

February 26, 2019 - 12:47 AMT  08:47 GMT
“Substantially more resources will be provided to Armenia from the umbrella fund,” Switalski said.
Armenia starts 2019 with 6.1% economic activity growth

Armenia starts 2019 with 6.1% economic activity growth

February 25, 2019 - 15:03 AMT  11:03 GMT
According to the National Statistical Service, construction and trade increased by 22.1% and 19.3%, respectively.
Arms producer given green light for $6.7 mln investment in Armenia

Arms producer given green light for $6.7 mln investment in Armenia

February 21, 2019 - 15:02 AMT  11:02 GMT
Weapons manufacturer Arsenal LTD will invest AMD3.26 billion ($6.7 million) in Armenia and create 200 new jobs.
Ameriabank receives EBRD award for Greenhouse Investment

Ameriabank receives EBRD award for Greenhouse Investment

February 21, 2019 - 11:28 AMT  07:28 GMT
Vahan Kajayan said they have supported greenhouses engaged in growing flowers, tomatoes, strawberries.
Armenian economy expanded by 5.2% in 2018

Armenian economy expanded by 5.2% in 2018

February 20, 2019 - 16:49 AMT  12:49 GMT
Agriculture makes up the largest share - 13.7% - followed by processing industry(10.8%) and trade (11%).
Armenian leather will be exported to EU, Asia and Russia

Armenian leather will be exported to EU, Asia and Russia

February 18, 2019 - 12:50 AMT  08:50 GMT
A decision to establish a company in Armenia and engage in export of Armenian goods has been reached.
Global Finance: Ameriabank named Armenia’s best investment bank

Global Finance: Ameriabank named Armenia’s best investment bank

February 15, 2019 - 13:50 AMT  09:50 GMT
The Global Finance magazine has named Ameriabank the best investment bank in Armenia for the fourth year in a row.