Economy
16/05/2020 15:41Exporters tried to illegally sell cigarettes in a country they were not allowed to: Armenia’s PM on ex-ambassador's statement on smuggled cigarettesThe head of the government though did not comment on Minasyan’s revelation that this smuggling scheme was managed by members of his family, including his wife’s brother, My Step deputy Hrachya Hakobyan.
16/05/2020 13:24Nikol Pashinyan: Armenia may expect from strategic partner Russia not to discuss raise of gas price now“We continue political consultations over the gas issue,” Armenia’s Prime Minister Nikol Pashinyan said at a press conference today, asked about gas issue.
16/05/2020 12:00USAID adds $11.5 million in assistance funding to ArmeniaUSAID and the Ministry of Economy of the Republic of Armenia also signed an amendment to the Assistance Agreement for a More Competitive and Diversified Private Sector, adding $7.5 million in assistance funding.*
13/05/2020 13:40EBRD cuts 2020 GDP forecasts for Georgia, Armenia and AzerbaijanIt had previously forecast Armenia’s 2020 growth would be 5.0% this year, but said the economy would be affected “directly via a decrease in exports, which are dominated by copper and other mining products, and indirectly through economic links with Russia, including a likely downturn in remittances.”
13/05/2020 13:25PAP deputy says Armenia faces 40 million USD loss daily“The past year’s path of the government showed the existence of serious concerns. First, we have not learnt whether new jobs have been created and secondly, which part of the employees came out of the shadow,” he said.
13/05/2020 11:28Regular cargo transportation at "Zvartnots" International Airport launchedAccording to the agreement reached between “Zvartnots” International Airport and Coyne Airways, regular cargo transportation between Liège (Belgium) and Yerevan has been launched from May 10.
07/05/2020 17:30Moody's Reaffirms Ameriabank Ba3 Rating with Stable OutlookMoody's global rating agency has reaffirmed Ameriabank’s Ba3 long-term local currency bank deposits rating with stable outlook. Ameriabank believes that rating affirmation is an important factor amid the situation driven by COVID-19.
06/05/2020 19:52The France-Armenia Chamber of Commerce and Industry has expressed concern over the illegal activities taking place against Gurgen Khachatryan, Chairman of the Board of Directors at UcomAt the same time, the main governing principle in the Republic of Armenia is that of separation and balance of the legislative, executive and judicial powers.
06/05/2020 13:59VEON withdraws from discussions with Ucom company related to potential transaction in ArmeniaOn December 30, 2019 Ucom applied to the Public Services Regulatory Commission to buy “VEON Armenia” company (Beeline brand)
06/05/2020 13:42Pashinyan: In conditions of collapse of the market of energy bearers Gazprom Armenia must demonstrate other approachThe situation regarding gas raises concerns as in general the wish of our Russian partners to make Gazprom Armenia company economically more competitive is acceptable and understandable for us, Armenia’s Prime Minister Nikol Pashinyan stated at the NA today.
06/05/2020 12:56World Bank Supports Innovative Social Assistance Project in ArmeniaThe aim is to enhance their capacities, strengthen their empowerment and participation in society and economic life.
06/05/2020 11:45Pashinyan: Coronavirus crisis to continue till next May“The Armenian government with the help of the NA managed to keep the social-economic crisis under control. It does not mean that the citizens continue living in the same way like they did in January or February. It means that luckily we do not have social collapse and crisis,” Pashinyan said.
06/05/2020 10:57Armenia records lowest level of poverty in pre-crisis period: Armenia’s PM“The level of the economic growth in 2019 made 7,6%, the highest among the EAEU countries, the region and European countries,” Pashinyan said.
04/05/2020 14:11Unemployment rate to grow in Armenia by 1,3% after pandemic: deputy minister“In numbers we will have additional 40,000 unemployed in the country,” he said.
04/05/2020 11:4335% of general workforce in Armenia suffered from coronavirus consequencesThe breach of economic ties caused by coronavirus in this or that way influenced the 3,3 billion workforce in the world, chairman of Healthcare and Social Affairs Standing Committee Narek Zeynalyan said at the session of the committee today.