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Economy
14:54 02/08/2019Trump tweets crush oil market as prices fall nearly 8%Oil prices sank almost 8% Thursday, their biggest drop since February 2015, after President Trump announced new tariffs on Chinese imports, stoking fears that the trade dispute between the two...
14:44 02/08/2019Sanitek CEO says company ready to make $4 million investmentSanitek Armenia, the Yerevan waste management company, has no political affiliation, Sanitec CEO Nicholas Tawil stated during an online news conference on Friday, commenting on accusations and...
19:46 01/08/2019Armenia’s electricity generation down by 7.4% in January-May 2019A total of 2,998.4 .4 million kilowatt-hours of electricity were generated in Armenia in January-May 2019, down by 7.4% to compare with productions volumes of 2018, Armenia's National Statistical...
17:59 01/08/2019Research indicates increase of land arrivals to Georgia from RussianTBC Research has published a review on the economic impact of Russian flight ban to Georgia. . According to it, Georgian tourism sector is capable to grow despite the economic sanctions, Georgia...
16:11 31/07/2019Production of non-alcoholic drinks drop in ArmeniaProduction of non-alcoholic beverages dropped by 28.7% to 28 million 981.2 thousand liters in Armenia in the first five months of 2019 against the same period last year, according to the latest...
15:05 31/07/2019ANCA: Works on launching Los-Angeles-Yerevan direct flights underwayThe Armenian National Committee of America (ANCA) is working on the issue of launching direct flights from Los Angeles to Yerevan, Nora Hovsepian, Chairperson of the ANCA Western Region, told a news...
13:54 31/07/2019ANCA working toward Speier amendment on additional $40 million in aid to ArmeniaSince Armenia’s independence, the United Stated has provided more than $2 billion in assistance to Armenia, Nora Hovsepian, Chairperson of the Armenian National Committee of America (ANCA) Western...
20:43 29/07/2019Georgian Airways lost about $25 mln on ban of flights to RussiaThe ban on direct flights to Russia led to losses of about $25 mln sustain by Georgian Airways, the air carrier said on Monday, according to TASS agency report.
17:00 27/07/2019Armenia’s economy minister meets with representatives of dairy companiesEconomy Minister of Armenia Tigran Khachatryan met with representatives of dairy companies on Saturday, the ministry’s press service reported.
18:43 26/07/2019Repat: 'I would like to see my son’s future in a safe, peaceful, economically developed and politically stable Armenia'Suren Khachatryan is a repat who moved back in June 2016. Born and raised in Yerevan, his family decided to move to the US because they thought he would have a better future there. His sister was...
14:37 25/07/2019No major issues in Bagratashen border crossing functioning, Armenia’s tax chief saysNo major problems are observed in the functioning of Bagratashen border crossing, Chairman of Armenia’s State Revenue Committee (SRC) Davit Ananyan told reporters after a cabinet meeting on Thursday.
14:08 24/07/2019Nissan plans to cut more than 10,000 jobs globallyJapan's Nissan Motor Co Ltd plans to extend job cuts to more than 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead...
14:14 18/07/2019Swiss responsAbility launches USD 175 m blended finance impact securitization transaction partnered with AmeriabankSwiss responsAbility Investments AG, the international impact asset manager is launching a USD 175 m securitization of loans to SME-finance institutions in emerging markets.
20:00 16/07/2019Denmark is most expensive EU country for consumer goodsConsumer goods and services in Denmark cost 142 percent of the EU average, according to figures published by the European Union’s statistics agency Eurostat.
10:38 16/07/2019Fitch downgrades Turkey’s credit rating by one notchRatings agency Fitch on Friday downgraded Turkey’s sovereign debt by one notch to ‘BB-‘ with a negative outlook after President Recep Tayyip Erdogan sacked the governor of the central bank, western...
18:48 13/07/2019Armenia sees strong growth in carpet productionArmenia’s carpet production recorded a significant increase in the first half of 2018, the Statistical Committee told Panorama.am.
20:30 12/07/2019Gazprom to send working group to continue talks over natural gas price for ArmeniaThe matter of the gas price supplied to Armenia is multifaceted, Armenia’s deputy PM Mher Grigoryan told reporters on Friday when asked to comment on the ongoing talks with the Russian side over the...
20:23 12/07/2019PM recalls Eurostat data, voices positive expectations about economic environment in ArmeniaArmenian Prime Minister Nikol Pashinyan recalled on Friday data available from Eurostat, the Statistical Office of the European Union, in the first quarter of 2019, Armenia was the leader in Europe...
14:57 12/07/2019New power plant in Armenian capital to reduce electricity tariffsA new 250 MW power plant being constructed in Yerevan is expected to reduce electricity tariffs in Armenia.
16:47 11/07/2019Armenian airports see 12.1% growth in passenger flow in JuneArmenia’s two airports saw a significant increase in passenger numbers in June 2019 against the same month of 2018.