Business

Tourism Develops in the Republic of Armenia

Aug 30th, 2010 |Category: Business

By Eva Sahakyan YEREVAN, August 30 — Armenia needs to renew its offered tourist services, Bekor Papazian, head of the National Competitiveness Fund of the Republic of Armenia, said. “We must not be satisfied only with cultural and historical tourism. Using this facilities we must offer other services, adventure tourism, for instance, as Armenia is [...]



Apartments in Yerevan Increased by 1.3 Percent in January-June

Aug 23rd, 2010 |Category: Business

By Victoria Vardanyan YEREVAN, August 23– In January-June the average market prices for apartments in Yerevan increased by 1.3 percent per 1 square meter compared with the same period in 2009, according to the report of the State Committee of Real Estate Cadastre of Armenia. According to the Cadastre, in the first six months of [...]



Russia to Partially Finance New Power Plant in Armenia

Aug 21st, 2010 |Category: Business

By Alexander Tagvoryan YEREVAN, August 21–On August 20 a Russian-Armenian intergovernmental agreement on the construction of a new nuclear power plant in Armenia was signed between the Minister of Energy  of Armenia Armen Movsisyan and Sergey Kiriyenko, the general director of the Russian governmental corporation called “Rosatom.” The construction of the new power-generating unit in [...]



Automatic Roaming Service Connectivity in Artsakh

Aug 20th, 2010 |Category: Business

By Alexander Tagvoryan YEREVAN, August 20–Good news for ArmenTel (trade mark Beeline) customers. From now on, the roaming service for the subscribers of the telecommunications company’s postpaid billing system will automatically be connected in Artsakh (Nagorno Karabakh). “Now the subscribers of the universal operator will not have to think about activating roaming services before going [...]



Nalbandian: Russia an Important Economic Partner for Armenia

Aug 19th, 2010 |Category: Business

By Eva Sahakyan YEREVAN, August 19–Russia is a very important commercial and economic partner for Armenia, and it’s the main investor in Armenia and the main outlet for Armenian products, said Edward Nalbandian, the Minister of Foreign Affairs of Armenia, during his interview with the Russian TV channel “Russia 24.” He also mentioned that today [...]



Yerevan Receives Loan for Metro Reconstruction

Aug 12th, 2010 |Category: Business

By Adonia Agayan YEREVAN, August 11 — Armenian Minister of Finance Tigran Davtyan and Constantin Sinadino, the head of the European Investment Bank division and Head of the Eastern Europe, Southern Caucasus, Russia & Central Asia Department, signed a loan agreement of €5 million for the implementation of the Yerevan Metro Rehabilitation Project. The loan [...]



Armenia Will Have Enough Wheat Despite Shortage

Aug 11th, 2010 |Category: Business

By Adonia Agayan YEREVAN, August 10 — Samvel Galstyan, Armenian Deputy Minister of Agriculture, said that Armenia will be provided with enough amounts of wheat. Nevertheless, Armenia can’t stand apart from the situation that has emerged on the world wheat market, including the set prices. “The Government of Armenia and Armenia’s Prime Minister Tigran Sarkisian [...]



Armenian Foundation for Renewable Energy to Have Credit Organization

Aug 7th, 2010 |Category: Business

By Adonia Agayan YEREVAN, August 6 — At a conference held on August 5 the Armenian government  made a decision on forming a crediting organization with the participation of the Armenian foundation for renewable energy and energy conservation. Armen Movsisyan, the Minister of Energy and Natural Resources, noted that such a decision was made based [...]



Toshiba Aims to Conquer Armenian Computer Market

Aug 6th, 2010 |Category: Business

By Eva Sahakyan YEREVAN, August 6–The Japanese Toshiba Corporation is opening an official representative office in Armenia and intends to take more than 15 percent of the Armenian computer market, according to Igor Snytko, the Toshiba Regional General Manager of CIS and Baltic countries. “We can see that the Armenian market is empty. For the [...]



Mobile Phone Imports Increase, Resellers Disagree

Aug 5th, 2010 |Category: Business

By Alexander Tagvoryan YEREVAN, August 5–According to the statistics of the Customs Department of Armenia, in the first half of 2010 the number of cell phones imported to Armenia  increased to 440,000, up from 124,000 in the same period of 2009. However, the representatives of companies that import and resell mobile phones refute the figures published by the committee of [...]