Time in Yerevan: 11:07:36,   24 May
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Economy

Innovative suggestions and solutions to be presented in “Digitec” business forum

16:12, May 23, 2012
Annual “Digitec” business forum will take on June 15-16 in Yerevan.

The level of economic activity grew by 7. 2 percent

13:43, May 21, 2012
Public service volume grew by 10.1 %, trade turnover by 0.9%. 13.3 % increase was registered in electricity production sector. Reportedly export grew by 17.8 %, and import by 8.7 %.

IT Specialist high estimates having IT Ministry in this sector

13:33, May 18, 2012
Karen Vardanyan president of the Union of Information Technology Enterprises (UITE) of Armenia stated that the union conducts monitoring in the State Purchase processes concerning IT industry.

E-money will be released in Armenia

12:42, May 17, 2012
With the help of the system it is possible to pay for utility services, repay loans, taxes and fees.

Armenia's macroeconomic stability has been strengthened. Prime Minister

12:09, May 17, 2012
In the course of the session Minister of Finance stated that due to 2011 consistent monetary policy as well as through the balanced policy during the year, the state has managed to mitigate the high inflationary environment.

The Government provided assistance to the regular investment plan

11:14, May 17, 2012
The company founded in 1998 is one of the leading companies of the country on fruit, vegetable, processing, and juice and conserves production.

Armenia and Latvia to deepen cooperation in the sphere of cultural tourism

11:13, May 17, 2012
In framework of implementation of the agreement sides will encourage mutual participation in international exhibitions, fairs, conferences, seminars and other international events which.

House appropriations committee calls for at least $5 million in aid to Nagorno Karabakh: $40 million in aid to Armenia

10:40, May 17, 2012
Despite these reductions and the continued downward trend, funding for Armenia was specifically highlighted, and remains consistent with the FY 2012 enacted level of $40 million.

The year will be full of festivals concerning Armenian cuisine

15:08, May 16, 2012
Festival of “Dolma” will be held on July 11. Several dozen versions of “Dolma” will be presented.

Armenia and Latvia to deepen cooperation in the sphere of tourism

16:27, May 15, 2012
Ministry of Economy of Armenia considers expedient the signing of the agreement.

Armenia and Israel to sign agreement in agricultural sphere

10:31, May 15, 2012
The delegation will take part in the 18-th international agricultural exhibition “Agritek” which will take place on May 15-17 in Tel Aviv.

“Marriott” is likely to expand its activity in Armenia

18:16, May 14, 2012
“Marriott” international hotel complex does not rule out opening of a new hotel in Armenia.

Armenia’s Minister of Agriculture invited to Germany

17:45, May 14, 2012
Sergo Karaptyan received James Macbeth, head of GIZ Coordination Office in Armenia .

Armenian Vote Results Are Credit Positive, Moody's Says

13:50, May 14, 2012
"Governmental continuity in light of these sensitivities is positive."

Italy is interested in development of economic relations with Armenia

15:16, May 12, 2012
The business environment in Armenia is great, plus the fact that Armenians and Italians understand each other well enough for cooperating.

“Haypost” to apply business model of “Poste Italiane” leading postal operator

18:40, May 11, 2012
Poste Italiane has occupied the 4th place in the most authoritative companies’ list of “Fortune” magazine.

The Government of the Republic of Armenia to continue partially compensate the charge of gas supply for the vulnerable groups

11:27, May 10, 2012
‘’Thus we are prolonging this project, aimed at alleviating the social burden of needy families’’ the head of the Cabinet stated.

The Government of the Republic of Armenia to partially compensate the charge of gas supply for the vulnerable groups

14:57, May 08, 2012
Low price of gas was established for the vulnerable groups, 100 AMD per cubic meter, instead of 132 AMD.

EU hopes that negotiations with Armenia on DCFTA will progress smoothly and rapidly

17:37, May 05, 2012
EU Trade Spokesman John Clancy said in an interview given to Armenpress.

Eduardo Ernekyan to become “Business for Peace” award winner

18:34, May 04, 2012
This authoritative award is handed by a commission comprised of Nobel Prize winners.

Railway line to Armenian “Zvartnots” airport to be constructed

12:42, May 04, 2012
An agreement was reached to appoint responsible officials who will develop joint proposals in three months period for implementation of the project.

Government of Armenia to approve investment program of the company which implements a large-scale agribusiness program

12:01, May 03, 2012
Government of Armenia during the session on May 3 approved the investment program of company “Golden Grape Armas” and delayed for three years the payment of value-added tax.

500 high ranking Armenian officials filled their income declarations

11:23, May 03, 2012
Minister of Justice Hrayr Tovmasyan highlighted that the format of the declaration has changed, which will enable to publish more precious data.

Negotiations over DCFTA agreement to launch in Brussels

18:25, May 02, 2012
The Minister expressed confidence that in the upcoming several years the two big markets of CIS and Europe will open for our businessmen, which will promote essential growth of the export.

Tigran Sargsyan: Improvement of business environment will be visible in the upcoming years

18:11, May 02, 2012
The election program of the Republican Party of Armenia (RPA) intends continuation of large-scale works at improvement of the business environment.

Armenia will not have difficulties concerning payment of debts to Russia

11:02, May 02, 2012
The most part of the Russian credit was sub credited, which means that it was not spent for the needs of country but was given to the personal sector in the form of credits. It considers that in future the payments of these credits will be directed to the payment of Russian credit which will essentially lighten the load on the state budget.

The promotion of local production is in the center of attention of the Armenian President. Serzh Sargsyan was on a working visit to Yeghvard

12:20, April 30, 2012
The factory was opened three months ago. The import of equipment and plant operation lasted for two years; the existing machines were completely out dated hence currently they are replaced by computers.

The possibilities of Armenian budget are enough to serve the state debt: general treasurer

14:15, April 28, 2012
Because of the international financial crises during a year the volume of our external debt has increased almost twice, but taking into consideration the fact that before it very restrained policy in the sphere of assuming state debt was held, it did not make Armenia a country included in the hazardous zone.

Prime Minister commissioned remove large-scaled businesses from patent fees class

12:19, April 26, 2012
Privileges were offered to restaurants with an area of up to 20 m2 operating in Yerevan. The head of the Cabinet stated that Government will charge food markets with smaller areas two and a half time lower.

Armenia's Prezident Serzh Sargsyan visited Berd Cognac Factory

11:35, April 26, 2012
'Since 2011 March the construction of cognac aging manufacturing plant was put into operation. Principal investments were made in 2009 which up to now make 890.5 million AMD.

Deputy Prime Minister received a World Bank delegation

10:46, April 25, 2012
The interlocutors appreciated the effectiveness of joint programs between World Bank and Armenian Social Investment Fund, underscoring its importance in the level of balanced development.

Germany to provide 40 million Euros to Armenia for development of the sphere of renewable energy

17:10, April 20, 2012
This is the next round of the program launched in 2007: in the first round 24 million Euros had been provided for development of the sphere of water energy.

The deadline of ANPP exploiting to be prolonged. The construction of new unit to receive IAEA’s assistance

11:26, April 19, 2012
Armen Movsisyan Minister of Energy and Natural Resources stated that the decision is necessary taking into account the issue of new power deadline and providing the country with energy independence and security.

Areni wines can present Armenia all over the world

15:12, April 18, 2012
The company has 47 basic and 120 seasonal employees. Average monthly salary makes 73- 80 AMD.

Armenian president visits the construction site of a new healing water treatment hotel in Jermuk

12:13, April 18, 2012
The construction works of the hotel were launched in April, 2009 and will end in october, 2013.

Serz Sargsyan familiarized himself with the works of new saturated department producing meat and milk

11:42, April 17, 2012
The capabilities of the companies stipulates buying meat and milk from local producers which will be impetus for development of cattle breeding in the region.

Armenia to deepen agricultural cooperation with Israel

11:36, April 16, 2012
Noked invited Karaperyan to a response visit to Israel in May.

Israeli Agriculture Minister to arrive in Armenia

13:48, April 14, 2012
A delegation led by member of Israeli Knesset, Minister of Agriculture and Rural Development Orit Noked will pay a two day visit to Armenia April 15-17.

The Statement of the CRONIMET Mining AG regarding the issue of the Kajaran village and adjacent territories

15:39, April 13, 2012

Armenia’s President visits Surenavan stone processing plant

15:10, April 13, 2012
President got acquainted with the works of the plant, intending to produce tiles from natural stones. The work is expected to start in April-May.

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