Amulsar`s development to start in late 2024 or early 2025: Babken  Tunyan
 Wednesday, April 3 2024, 15:38

ArmInfo. It is expected that the development of the Amulsar mine will begin at the end of this year or the beginning of next year.  Babken Tunyan, vice-chairman of the NA Economic Affairs Committee, said on April 3 during the discussion of the project to establish a state duty for the export of gold, platinum and palladium ingots.

Armenian authorities` GDP forecasts for 2024 seem overstated - expert 
 Wednesday, February 21 2024, 18:47

ArmInfo. Haykaz Fanyan, Director of the Armenian Center for Socio-Economic Studies (ACSES),  said in response to ArmInfo at a press conference organized by the Economic Journalists Club. 

EDB expects fiscal policy to stimulate Armenian economy in 2024 
 Friday, February 16 2024, 13:10

ArmInfo.The baseline scenario projects Armenian GDP growth at 5.7% in 2024 and 5.3% in 2025. Inflation could accelerate to  3.6% in  2024 amid continued elevated domestic demand, a moderate weakening of the national currency, and the ongoing cycle of refinancing rate reductions, according to the Macroerconomic Outlook by the Eurasian Development Bank (EDB). 

It was investors who offered government to accept shares of companies  as gift - premier
 Wednesday, February 7 2024, 19:28

ArmInfo.It was investors who offered the government to accept shares of companies as a gift, Prime  Minister of Armenia Nikol Pashinyan said on February 7 at government hour in parliament, commenting on the transfer of shares in a number of companies.

Armenia not a racketeer - Vahe Hovhannisyan 
 Thursday, February 1 2024, 11:40

ArmInfo.Armenia is not engaged in racketeering, Minister of Finance Vahe Hovhannisyan told a press  conference as he commented on the transfer of shares of a number of companies to Armenia as a gift. 

Vahan Kerobyan: Transferring Amulsar`s shares to government was  solution acceptable to both parties at moment
 Tuesday, January 23 2024, 15:35

ArmInfo. The transfer of shares by the Lydian Armenia company, which operates the Amulsar mine, as a gift to the government of Armenia was the company's decision. Head of the economic department, Vahan Kerobyan, announced in an interview with Public Television.  "Taking the government as a partner is advisable for the company in the context of creating a more comfortable working environment; moreover, thanks to this step,  many risks will be leveled," the minister said.

Armenia`s government accepts 12.5% of the Lydian Armenia shares as  gift
 Thursday, January 18 2024, 12:37

ArmInfo.On January 18, Armenia's Cabinet approved a decision on the RA government accepting  12.5% of the Lydian Armenia shares as a gift.  

Vahan Kerobyan: Amulsar to start operating this year
 Monday, January 8 2024, 20:30

ArmInfo. The Amulsar mine will be operational this year.  Armenian Minister of Economy Vahan  Kerobyan stated  during a press conference on Monday.

Armenia to remain leader in terms of economic growth in EAEU next year - EDB
 Tuesday, December 26 2023, 15:09

ArmInfo. Armenia will remain leader in terms of economic growth in the Eurasian Economic Union (EAEU) next year, according to a forecast by the Eurasian Development Bank (EDB).

EDB improves Armenia`s economic growth forecast to 8.3% for 2023 and  to 5.7% for 2024
 Thursday, December 14 2023, 12:09

ArmInfo.For the second year in a row, the Armenian economy will become the leader in terms of economic growth among the countries in the region. According to estimates by the Eurasian Development Bank (EDB), the country's GDP growth at the end of 2023 will be 8.3% (against the previously projected 7.5%). Alexey Kuznetsov, Head of EDB Research Department, announced on Thursday in Almaty, presenting the EDB Macroeconomic  Outlook 2024-2026.

EDB treats Amulsar project in Armenia very carefully and cautiously -  EDB official
 Thursday, December 14 2023, 11:17

ArmInfo.The Eurasian Development Bank (EDB) treats the Amulsar project in Armenia very  carefully and cautiously. Denis Ilyin, Deputy Chairman of the EDB Board, stated this on December 14 in Almaty, summing up the results of the Bank's year of activity.

CBA forecasts 6.9% GDP growth in Armenia in 2023
 Thursday, June 29 2023, 12:19

ArmInfo. According to a revised  forecast by the Central Bank of Armenia (CBA), 6.9% GDP growth is  expected this year against the previously forecast 5.8% (against the  actual 12.6% growth in 2022), with a further slowdown to 5.5% in  2024. 

Amulsar mine example of application of international standards in mine development - Armen Stepanyan
 Wednesday, June 28 2023, 11:43

ArmInfo. International Finance  Corporation standards need to be widely applied in the operation of  mining companies, Armen Stepanyan, Director of Sustainability,  Zangezur Copper Molybdenum Combine, said in an interview with  ArmInfo. 

Armenia`s government discusses relaunch of Amulsar project 
 Tuesday, June 6 2023, 19:02

ArmInfo.Armenia's Vice-Premier Mher Grigoryan held a meeting with Mr Jeffrey Couch, Lydian BOD  Member, Mr Hayk Aloyan, Executive Director of Lydian Armenia company, and Mr Justin Dibb, Chief Executive Officer, Allied Gold Corp. 

By end of 2023, Armenia to register 2nd largest economic growth and  lowest inflation rate among EAEU countries. But risks still remain -  EDB
 Friday, June 2 2023, 13:38

ArmInfo. At the end of 2023, Armenia will register the second largest economic growth among the  EAEU countries, but at the same time the lowest inflation. This is the forecast of Eurasian Development Bank (EDB) analysts, which is included in the  Macroeconomic Outlook of 6 EAEU member countries published today.

EDB is ready to support Amulsar mine development project - Podguzov
 Monday, May 15 2023, 12:53

ArmInfo.The Eurasian Development Bank is ready to support the project to develop the Amulsar gold  mone. On May 15, in Almaty, on the sidelines of a conference of investors-members of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), Chairman of the EDB Nikolai Podguzov said in an interview with journalists, answering a question from ArmInfo.

$250mln investments in Amulsar nothing but a bubble - Environmental  Front
 Monday, May 8 2023, 11:33

ArmInfo. The Armenian Environmental Front initiative of volunteers and Green Armenia NGO  issued a statement, which reads: 

Gnel Sanosyan: ZCMC transaction has become good example for other  minerals developers
 Thursday, April 20 2023, 14:18

ArmInfo.The performance of the Zangezur Copper Molybdenum Combine is impressive. Minister of  Territorial Administration and Infrastructures Gnel Sanosyan stated this on April 20 at an extraordinary session of the RA National Assembly.

Western sanctions against Russia pose a threat to Armenia - PM
 Tuesday, March 14 2023, 17:26

ArmInfo. Armenia does not intend to leave the Eurasian Economic Union. On March 14, RA Prime Minister Nikol Pashinyan stated this at a press conference.

Minister of Economy: We cannot afford luxury of giving up economic  benefit of Amulsar project
 Wednesday, March 1 2023, 18:52

ArmInfo.Today, our country is facing such challenges that do not allow us to abandon the fulfillment of our international obligations, including the  abandonment of the high economic benefit from the exploitation of the Amulsar gold mine. RA Minister of Economy Vahan Kerobyan stated this  in an interview to the Public Television of Armenia.

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