The solution - sea wave energy. SDE has completed the construction of a new model of sea wave energy based power plant - an upgraded and more efficient model
Based on an agreement with the UN World Tourism Organization, an international ministerial congress on tourism will be held in Armenia in the autumn of 2012. Deputy Minister of
Starting from October 18, 2011 Mr. Konstantin Saroyan was appointed CEO of NASDAQ OMX Armenia. On October 3, 3011 NASDAQ OMX Armenia Management Board approved Mr. Saroyan as Acting
According to “Doing Business 2012: Doing Business in a More Transparent World” report, published by the International Finance Corporation and the World Bank on October 20, Armenia has
On September Armenia's economic activity index grew by 17% percent in comparison with August and by 9% in comparison with the same period of the last year. According
The working visit of the Armenian Prime Minister Tigran Sargsyan continues in Saint Petersburg. On October 18 late in the evening the joint press conference with the heads of
Russian Prime Minister Vladimir Putin announced Tuesday evening that the heads of CIS states came to an “unexpected” agreement to sign an agreement on a free economic zone, BBC
A meeting of Armenian Prime Minister Tigran Sargsyan and his Russian counterpart Vladimir Putin took place at the Konstantinovsky Palace in Saint Petersburg today. The sides discussed issues related
On October 15 Artsakh Republic President Bako Sahakyan met chairman of the Armenian Central Bank Arthur Javadyan. Central Information Department of the Office of the
Yerevan Mayor Karen Karapetyan met the delegation headed by deputy president of Ile de France state Philip Kaltenbach. Greeting French colleagues the mayor noted that today Armenian-French relations
Armenian Prime Minister Tigran Sargsyan received on October 12 members of the Union of Manufacturers and Businessmen of Armenia. The prime minister told those present that the government will
Gross agricultural output of Armenia made 131.5 billion drams in August of this year, growing by 62%, Minister of Agriculture Sergo Karapetian said at a press conference on October
The local self-government system with its 915 communities, including 866 rural ones, is one of the most successful ones in Armenia, and now there are problems with their development
In the past two years the World Bank has done much work, assisting reconstruction of 290 km of rural roads and 90 km of irrigation canals, as a result
Yerevan mayor Karen Karapetyan met the delegation headed by Finance Minister of Kuwait Mustafa Jassim Al Shamali. "Though it is our first step of cooperation I hope that it will
On October 5, the Minister of Foreign Affairs Mr. Edward Nalbandian received Mr. Mustafa Jassim Al Shamali, the Minister of Finance of Kuwait who arrived in Yerevan to participate
At the sitting of Armenian-Kuwaiti inter-governmental sitting which took place on October 5 in Yerevan the agreement on air communication between the two countries was signed. According to that
Prime Minister Tigran Sargsyan hosted a reception on successful completion of “Millennium Challenge Account-Armenia” (MCA-Armenia) program. Welcoming the guests, Tigran Sargsyan said the government highly values the opinion
The signing ceremony of a document on the foundation of the Armenian-French Business Club took place at the French embassy in Armenia on October 4. The French Ambassador to
Nagin LLC envisages investing $262 million 546 thousand for operation of Hrazdan iron ore mine in Kotayk Marz (Province), thanks to which 2,500 jobs will be created. Minister of Energy
Prime Minister Tigran Sargsyan received today Millennium Challenge Corporation Vice President for Program Implementation Patrick Fine. The meeting was attended by U.S. Charge d’Affaires to Armenia Bruce Donahue. Thankful
On September 30 RA Prime Minister Tigran Sargsyan participated in "Armenia: Your Partner 2011" international economic fair held at Yerevan’s Karen Demirchyan Sports and Concert Complex. The
Vice President for Compact Operations of the Millennium Challenge Corporation, Patrick Fine, will visit Armenia October 2-4 to review the results of the five year US-funded MCA-Armenia Program. During
On every occasion Armenian authorities speak about the need to develop small and medium business, whereas in reality the current order of connecting new commercial users to power, water,
More than six thousand people currently use electronic signatures in Armenia. This index grew by about 200 compared with August and doubled compared with September 2010, NT correspondent was
No transaction in U.S. dollars was conducted at NASDAQ OMX Armenia OJSC on September 28, NT was informed by NASDAQ OMX Armenia.
Purchase and sale transactions of $5 million 325 thousand at the weighted average exchange rate of 370 drams against one U.S. dollar were conducted at NASDAQ OMX Armenia OJSC
The supply of natural gas to Armenia was resumed at 2:10 am on September 27, NT was informed by the press service of ArmRusgasprom Company. The supply was discontinued
Purchase and sale transactions of $3 million 650 thousand at the weighted average exchange rate of 370.46 drams against one U.S. dollar were conducted at NASDAQ OMX Armenia OJSC
Purchase and sale transactions of $2 million 200 thousand at the weighted average exchange rate of 371.71 drams against one US dollar were conducted at NASDAQ OMX Armenia OJSC
Armenian Prime Minister Tigran Sargsyan on September 20 was present at the unloading of wagons with over 1,100 tons of “Elite” high-quality wheat seeds imported into Armenia from Russia’s
The 7th international forum Fruitful Armenia opened in the Armenia Marriott Hotel in Yerevan. Opening speeches were made by Armen Gevorgian, Deputy Prime Minister of Armenia, Minister of Territorial
The average monthly nominal wage made 116 thousand drams (about $309) in June 2011, increasing by 4.9% compared with the previous month and by 6.7% compared with the
No transaction in U.S. dollars was conducted at NASDAQ OMX Armenia OJSC on September 15, NT was informed by NASDAQ OMX Armenia.
The bill on setting tax and customs concessions for construction of Iran-Armenia 400 kV electric transmission line through the territory of Armenia was approved at the September 15
Agro-processing industry is considered as one of the most important and highly efficient branches of economy in Armenia. Its share in the country’s industrial production is almost 30 percent.
Exports from Armenia grew by 31.4%, imports by 8.7% in January-July 2011 compared with same period of last year Exports from Armenia made $709 million 545.7 thousand in
On October 6, 2011 NASDAQ OMX Armenia and Cetral Depository of Armenia will organize an international conference titled “Global Opportunities of Local Markets: Infrastructure and Regulation”. The Conference is
0.6% price fall was registered in consumer market of Armenia in August 2011. According to the RA National Statistical Service, prices of food commodities fell by 1% in the country,
REC Caucasus News- On September 7, Government representatives from Georgia, Armenia and Azerbaijan concluded a Sub-regional Steering Committee Meeting in Tbilisi, at the Sheraton hotel. At the meeting South
September 9, 2011, Yerevan, Armenia – VivaCell-MTS, a subsidiary of “Mobile TeleSystems” OJSC, is glad to present “SMS Extra” bundle of services that provides a number of unprecedented opportunities
On 7 September President of the Artsakh Republic Bako Sahakyan partook in capital Stepanakert at a solemn ceremony of opening the “Avis” business center. Bako Sahakyan noted the importance of
On September 7, Yerevan mayor Karen Karapetyan received Belarusian Extraordinary and Plenipotentiary Ambassador to Armenia Stepan Sukhorenko. Presenting the steps directed to transport reforms in the capital, the mayor
The negotiations on purchasing “Fresh” supermarkets by STAR trade chain are over. The parties have already acquired final agreement. On this phase, before the legal implementation of the agreement
On 6 September President of the Artsakh Republic Bako Sahakyan visited the construction site of the “Artsakh” dwelling district being built in capital Stepanakert and convoked a working consultation
Sale and purchase transactions of 900 thousand drams at the average weighted exchange rate of 371.5 drams for one U.S. dollar were carried out at NASDAQ OMX Armenia OJSC
Paros “Lighthouse” Charitable Foundation is proud to announce the Grand Opening of its 13,000 sq. ft. shelter/women’s center in the village of Ptghounk in the Armavir region. This
On 31 August President of the Artsakh Republic Bako Sahakyan visited the village of Mets Shen in the Martakert region and partook at a number of solemn events. The Head
Despite the obstacles created by the authorities of Azerbaijan and declaring foreign nationals visiting Nagorno Karabakh "persona non grata", the world continues to show increasing interest in Artsakh. According
Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today reported results for its third quarter of fiscal year 2011. For the
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