Foreign firms boost ticket price to Russia after Armavia bankruptcyApril 6, 2013 - 13:38 AMT PanARMENIAN.Net - Armavia air company’s bankruptcy prompted a new development of events. Immediately after cancellation of the Armenian air company’s flights, foreign companies boosted prices for plane tickets to Russia. With Armenian officials unable to change the situation, foreign companies are now free to change prices the way they see fit, Mir 24 TV channel says. The officials, however, promise to deal with the problem. “Air companies who’ve had longstanding partnership with Armenia and who’re hoping for their further development mustn’t use this situation to reap benefit," Deputy Economy Minister Ara Petrosyan said. On April 1, Armavia airway company declared bankruptcy. The company will be returning money for the purchased tickets starting April 11. 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 | Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. U.S. believes peace is “possible” in South Caucasus The United States continues to believe that peace is possible in the South Caucasus, Vedant Patel said. Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. |