7  02.07.14 - Opening of exhibition "Energy Week 2014"

Energy Minister: electricity hike unpleasant, but well-founded

Energy Minister: electricity hike unpleasant, but well-founded

PanARMENIAN.Net - The increase in electricity tariffs is inevitable, with Armenia’s energy security and sustainable work of its energy system wholly dependent on the move, the Minister of Energy and Natural Resources said, according to Panorama.am.

“The price increase is quite unpleasant, but there are issues that need to be solved,” Yervand Zakharyan remarked, commenting on the decision of the Public Services Regulatory Commission (PSRC) to increase electricity tariffs in Armenia.

In conclusion,he noted the PSRC calculations, based on the documents presented by energy companies, to be well-grounded.

 Top stories
Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
The EBRD will acquire a stake of around 20% for $30 million. The remaining $10 million will be used for future capital increases.
IFC thus aims to increase the stability of Armenia’s banking sector and support the strategic goals of Ameriabank.
Partner news