Relocation to Armenia: "This is just the beginning"

 Tuesday, April 26 2022 19:14:00
Relocation to Armenia:

ArmInfo.If earlier about 98% of applications for business relocation to Armenia came from the business sector operating in the IT field, today the industry segment  has expanded, covering manufacturing, logistics services, etc.  Founder of the BWB (Business Without Borders) initiative Mher  Ghazaryan said this in an interview with ArmInfo.

New economic opportunities offered to Armenia - Vahe Davtyan
 Friday, April 22 2022 12:39

ArmInfo.The planned signing of a free trade agreement between the Eurasian Economic Union (EAEU) and Iran is evidence of Moscow's desire to scale up the economic  relocation strategy launched immediately after the war in Ukraine was  unleashed, which, beyond doubt, offers new economic opportunities to  Armenia as well, which opportunities can and must be taken up, the  exert in energy security Vahe Davtyan said in an interview with  ArmInfo. 

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Establishment of direct Armenian-Turkish trade and economic contacts  changes the geo-economic balance, expert says 
 Wednesday, March 23 2022 13:42

ArmInfo.The establishment of direct Armenian-Turkish trade and economic contacts changes the geo-economic balance. And it is highly important to assess these changes from the point of view of the regional and world powers, each of the South  Caucasus states and all the neighboring states, believes Mr Ara  Karyan, Associate Professor at the Russian-Armenian (Slavonic)  University.  

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Forecast: The failure of Armenia`s involvement in the "North-South"  project is fraught with not only geo- economic but also internal  threats for the latter
 Tuesday, March 22 2022 18:12

ArmInfo. Armenia is being consistently and methodically pushed out of the North-South energy corridor project, and given the similarly disappointing energy  situation of the transport and communications component, as well as  from the North-South general strategy. Vahe Davtyan, an expert in the  field of energy security, Doctor of Political Sciences expressed a  similar opinion to ArmInfo.

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Only domestic reasons for oil product price rise, expert says 
 Friday, March 11 2022 12:11

ArmInfo. The situation in the international energy markets resultant from the war in Ukraine will not have any effect on the price of the Russian gas supplied to  Armenia, primarily due to the fact that Armenia is purchasing gas on  a contract basis rather than as spot purchase.

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Export diversification and boosting domestic production can  compensate Armenian businesses for their financial losses, expert  says
 Tuesday, March 1 2022 13:47

ArmInfo. It is first of all export diversification and boosting domestic production that can compensate Armenian businesses for their financial losses caused by the Russian  rouble depreciation, Gagik Makaryan, President of the Republican  Union of Employers of Armenia (RUEA), told ArmInfo. 

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Forecast: By improving its economy, Armenia will have more  flexibility in foreign policy to normalize relations with Turkey
 Monday, February 14 2022 16:55

ArmInfo.By establishing diplomatic relations with Turkey and opening the borders for Turkish capital, the Armenian leadership will first of all improve the  economy. And on the example of Georgia, I do not at all think that  all this can threaten Armenia with Turkish expansion.  Professor of  the Georgian Technical University, Doctor of International Relations,  conflictologist Amiran Khevtsuriani, expressed a similar opinion to  ArmInfo

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Expert: Rise in energy prices in Armenia is a consequence of wrong,  uncalculated decisions of the authorities
 Wednesday, January 19 2022 12:26

ArmInfo.The expected next increase in tariffs for gas consumed by subscribers is by no means due only to the need to bring the calorie content of gas into the  norm stipulated by the agreements. Expert on energy security, doctor  of political sciences Vahe Davtyan expressed a similar opinion to  ArmInfo.

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We were not caught unprepared for pandemic - Ishkhan Mkhitaryan
 Friday, January 7 2022 16:03

ArmInfo. Over the last two years, the ongoing global coronavirus pandemic has greatly impacted our customary way of life. However, every cloud has a silver lining – the pandemic has caused the humankind to make a leap into the future of digital reality, making this period at least a decade shorter.

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Economist: The ban on Turkish imports need to be supplemented by  import substitution
 Friday, December 24 2021 17:27

ArmInfo.The ban on Turkish imports to Armenia should not only be extended, but also supplementedby import substitution. Chairman of the Republican Union of Employers  of Armenia, economist Gagik Makaryan expressed a similaropinion to  ArmInfo.

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Expert: IT industry turns towards its own country 
 Thursday, November 4 2021 12:50

ArmInfo. At the end of October, Yerevan hosted the annual but already traditional event in the country's IT industry - DigiTec Expo2021. This time the event  took place in the exhibition area of the Karen Demirchyan Sports and  Concert Complex.

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Veronika Nikishina: REC Group is interested in close cooperation  with Armenia in a wide range of integration projects
 Monday, October 18 2021 21:10

ArmInfo.The interregional Armenian-Russian  forum has opened in Armenia yesterday, in the framework of which a  business mission of the Russian Export Center (Russian Export Center)  will also take place on October 19-20, with the participation of  about 150 entrepreneurs.

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Aram Sargsyan: The key to Armenia`s development is universal  diversification
 Thursday, October 7 2021 12:14

ArmInfo.Leader of the "Republic" party, former Prime Minister of Armenia Aram Sargsyan, in an interview with ArmInfo, comments on the latest regional  transformations with the participation of Armenia. Discusses the  prospects and ways of development of the Armenian economy. Shares his  own vision of the place and role of Armenia in the South Caucasus and  in the world.

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ACBA Bank: publicity and a new development paradigm
 Tuesday, October 5 2021 19:04

ArmInfo. This year, one of the largest banks in Armenia, ACBA Bank, has made an extremely serious claim in the market. Due to the accumulated profit, the bank increased its authorized capital from 30 to 50 billion drams, and in mid-September announced an open and free subscription to its shares for a total of 7.5 billion drams.

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Andrey Sinyakov: We consider the completion of the second stage of the modernization project of the Agarak Copper-Molybdenum Combine as a serious anti-crisis measure
 Saturday, September 18 2021 15:16

ArmInfo.  Despite serious attempts to diversify Armenia's export-oriented industries, the mining industry remains the main locomotive of the country's economy. One of its largest players is the Agarak Copper-Molybdenum Combine (ACMC), which is included in the list of the largest taxpayers and is the operator of the city-forming enterprise, bordering Iran, in the southernmost region of Armenia.

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Expert: The unprecedented rise in gas prices in Europe and EAEU  membership open new opportunities for Armenia
 Wednesday, September 15 2021 12:07

ArmInfo.The unprecedented rise in gas prices in Europe and membership in the EAEU, in theory, open up new opportunities for Armenia in the direction of lowering  the existing price for Russian gas. A similar opinion was expressed  to ArmInfo by an expert on energy security Vahe Davtyan.

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Transformation and trust are important for success in modern banking. artak hanesyan
 Tuesday, August 24 2021 12:38

ArmInfoIn an interview for GlobalMarkets, Artak Hanesyan, Ameriabank’s CEO, explains the bank’s strategy and highlights some of the key reasons for its success in the Armenian market.  

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Economist: Armenian dram reacts to government actions
 Wednesday, June 30 2021 17:09

ArmInfo.In the post-election period, economic activity in Armenia will intensify even more, which is conditioned by the resolution of the internal political crisis  through the formation of the authorities, which will now have to  implement the announced programs. Economist Vahagn Khachatryan  expressed this opinion to ArmInfo.

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Telecom Armenia: New Strategy, New Network and New Horizons
 Wednesday, May 19 2021 01:19

ArmInfo. The only good news for our public at the end of last year was perhaps the announcement by brothers Alexander and Hayk Yesayan about the appearance of a national telecom operator on the market.

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Armenia`s restaurateurs have hardly recovered, and now they face  tougher taxes
 Tuesday, May 18 2021 12:55

ArmInfo. Representatives of the catering sector are beating the alarm - the Armenian government, within the framework of measures to cover the "tax gap", and in  violation of previously reached agreements, initiates tax changes.

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A year of fragile hopes or double-digit growth: What actually awaits  the Armenian economy in 2021 - Ashot Osipyan
 Thursday, May 13 2021 14:10

ArmInfo. The decline in the Armenian economy in 2020 was about 7.5%, largely due to the coronavirus pandemic and the Karabakh war. According to the forecasts of the IMF  and the Central Bank of Armenia for 2021, growth will be about  1-1.4%.

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News
Armenian, UAE  FMs discuss bilateral cooperation Armenian, UAE  FMs discuss bilateral cooperation 
Armenia to attract another loan from IBRD in amount of EUR 26.5  million to improve public administration systemArmenia to attract another loan from IBRD in amount of EUR 26.5  million to improve public administration system
According to UBA level of profitability of the Armenian banking  system is quite lowAccording to UBA level of profitability of the Armenian banking  system is quite low
$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan
Converse Bank bonds can now be purchased via the mobile applicationConverse Bank bonds can now be purchased via the mobile application
UBA: Net inflow of private transfers to Armenia increased by 45% per  annum in Q1UBA: Net inflow of private transfers to Armenia increased by 45% per  annum in Q1
Seyran Sargsyan: The reduction in non-resident deposits had a  negative impact on the total volume of bank depositsSeyran Sargsyan: The reduction in non-resident deposits had a  negative impact on the total volume of bank deposits
UBA: Volumes of lending to the Armenian economy have grown in almost  all areasUBA: Volumes of lending to the Armenian economy have grown in almost  all areas
Team Telecom Armenia to start business data center construction Team Telecom Armenia to start business data center construction 
Discount system in cashless transactions for pensioners to be  introduced in Armenia Discount system in cashless transactions for pensioners to be  introduced in Armenia 
Armenia`s government to allocate  $10mln to road renovation Armenia`s government to allocate  $10mln to road renovation 
Passenger traffic in Armenia reached 40% growth in Q1Passenger traffic in Armenia reached 40% growth in Q1
Armenia, Iran simplify mutual access of investors to FEZ markets of  two countriesArmenia, Iran simplify mutual access of investors to FEZ markets of  two countries
Armenia`s communications sector revenue in Q1 2022 increased by 6.8%Armenia`s communications sector revenue in Q1 2022 increased by 6.8%
Armenia reduced wine production in Q1Armenia reduced wine production in Q1
Pashinyan receives Alexei Overchuk and Andrey RudenkoPashinyan receives Alexei Overchuk and Andrey Rudenko
Tourist flow to Armenia starts to recoverTourist flow to Armenia starts to recover
ARMSWISSBANK receives EBRD award ARMSWISSBANK receives EBRD award "The most Active Issuing Bank in Armenia for 2021"
Natural population decline was recorded in Armenia Natural population decline was recorded in Armenia 
Armenia`s population decreased by 2.3 thousand people by April 1,  2022Armenia`s population decreased by 2.3 thousand people by April 1,  2022
S&P Global Ratings assigns S&P Global Ratings assigns "B-" (Local Currency LT credit rating) to  ASCE Group
Armenia spares no effort for North-South energy corridor program to  be implemented in shorted period - minister Armenia spares no effort for North-South energy corridor program to  be implemented in shorted period - minister 
Turkey never agreed on construction of dams on Aras River with other  countries of basin - Ali Akbar MehrabianTurkey never agreed on construction of dams on Aras River with other  countries of basin - Ali Akbar Mehrabian
Armenia, Iran to consider to increasing gas supplies from Iran to  ArmeniaArmenia, Iran to consider to increasing gas supplies from Iran to  Armenia
Hayk Yesayan: Introduction of 5G in Armenia in the next couple of  years will be inexpedientHayk Yesayan: Introduction of 5G in Armenia in the next couple of  years will be inexpedient
Armenia, Iran to sign memorandum to develop cooperation in number of  areasArmenia, Iran to sign memorandum to develop cooperation in number of  areas
Another intermediate subway station to be built in YerevanAnother intermediate subway station to be built in Yerevan
FinRating ArmInfo: Travel insurance has grown in terms of the number  of contracts concludedFinRating ArmInfo: Travel insurance has grown in terms of the number  of contracts concluded
Armenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  businessArmenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  business
Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022
Armenia`s specific debt burden per capita has already reached $3.2  thousandArmenia`s specific debt burden per capita has already reached $3.2  thousand
Russia, China remain leaders in Armenia`s exports, imports Russia, China remain leaders in Armenia`s exports, imports 
Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University 
Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022
Electricity generation increased by 16.7% in Armenia in Q1 2022 Electricity generation increased by 16.7% in Armenia in Q1 2022 
Service sector and energy complex were major drivers of economic  activity growth in Q1 2022 Service sector and energy complex were major drivers of economic  activity growth in Q1 2022 
About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant 
Metallurgical industry of Armenia reduced production volumes by 17%  in Q1 2022Metallurgical industry of Armenia reduced production volumes by 17%  in Q1 2022
Turkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinationsTurkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinations
In Q1 2022 more than 8 thousand tons of aluminum foil were produced  in ArmeniaIn Q1 2022 more than 8 thousand tons of aluminum foil were produced  in Armenia
Statistics: The production volumes of Armenia`s industry increased by  3.1% in Q1 2022 Statistics: The production volumes of Armenia`s industry increased by  3.1% in Q1 2022 
IBRD to grant a 22.6 mln euro loan to Armenia under education programIBRD to grant a 22.6 mln euro loan to Armenia under education program
Armenia`s trade turnover up by $1bln Jan 1 to Apr 20Armenia`s trade turnover up by $1bln Jan 1 to Apr 20
Armenia to expand circle of officials to be checked for legitimacy of  their propertyArmenia to expand circle of officials to be checked for legitimacy of  their property
From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz 
On May 4, Armeconombank started primary placement of regular USD and  AMD bondsOn May 4, Armeconombank started primary placement of regular USD and  AMD bonds
"Rossgostrakh Armenia" IC holds lead in net insurance premiums
Armenian government prepares support measures for digital business  transformationArmenian government prepares support measures for digital business  transformation
Italian entrepreneurs intend to implement number of investment  projects in ArmeniaItalian entrepreneurs intend to implement number of investment  projects in Armenia
Finrating ArmInfo: Armenia`s insurance sector summed up Q1 2022 with  profit of $2.5 millionFinrating ArmInfo: Armenia`s insurance sector summed up Q1 2022 with  profit of $2.5 million
EU stands ready to continue assisting Armenian governmentEU stands ready to continue assisting Armenian government
AMD 10.757.867 to “My Forest Armenia” environmental organization: the next beneficiary of “The Power of One Dram” is the “Children of Armenia” Charitable FoundationAMD 10.757.867 to “My Forest Armenia” environmental organization: the next beneficiary of “The Power of One Dram” is the “Children of Armenia” Charitable Foundation
Presentation of Financial Statements will become mandatory only for  OJSCs of public interestPresentation of Financial Statements will become mandatory only for  OJSCs of public interest
Head of Central Bank: The composition of Armenia`s exports may changeHead of Central Bank: The composition of Armenia`s exports may change
Central Bank of Armenia records increase in absorptive capacity of  economyCentral Bank of Armenia records increase in absorptive capacity of  economy
Central Bank of Armenia: There is still high uncertainty in terms of  macroeconomic prospectsCentral Bank of Armenia: There is still high uncertainty in terms of  macroeconomic prospects
The volume of AraratBank bonds of the 22nd issue expires  The volume of AraratBank bonds of the 22nd issue expires  
Team Telecom Armenia completes rebranding process and switches to  active implementation of strategic programsTeam Telecom Armenia completes rebranding process and switches to  active implementation of strategic programs
Armenia`s Central Bank leaves refinancing rate unchanged - 9.25%Armenia`s Central Bank leaves refinancing rate unchanged - 9.25%
AMD 231.3bln tax revenues in April 2022AMD 231.3bln tax revenues in April 2022
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