YEREVAN (ArmeniaNow.com), March 9–The only motorway gateway on the Russo-Georgian border, Upper Lars, resumed work on March 1, after staying closed for more than three years. The border crossing was closed in 2006 by the decision of the Russian side that cited repairs as the formal reason. In September, with $2.5 million financial assistance from [...]

YEREVAN (PanARMENIAN.Net), March 10–The European Bank of Reconstruction and Development (EBRD) will allocate 15 million euro to Yerevan underground railway reconstruction.
The Armenian Minister of Finance Tigran Davtyan and head of EBRD Yerevan office Valeriu Razlog will sign a loan agreement on March 10, 2010.
To increase the effectiveness of the reconstruction program, contracts on program support with [...]

YEREVAN (Aysor.am), March 9–The Armenia-Syria Business Forum will be held in Aleppo on March 22-23 within the framework of an official visit of Armenia’s President Serge Sarkisian to Syria.
Executive Director of Armenia’s Chamber of Commerce Araik Vardanian said in an interview with Aysor’s correspondent that more than 15 Armenian organizations have already sent their applications [...]

YEREVAN (ARKA), March 5–The EBRD said it has provided a $10 million loan to Ameriabank for lending to local companies under its Medium Sized Co-financing Facility (MCFF). It said in a press release that the facility is aimed at supporting the development of the private sector in Armenia.
Ameriabank is the sixth largest bank in Armenia [...]

YEREVAN (ARKA), March 4—The trade and economic cooperation between Russia and Armenia is unique, said the Counselor of the Embassy of Russia in Armenia and the Head of Mission of the Federal Agency “Rossotrudnichestvo” in Yerevan, Victor Krivopuskov.
“Today, Russia’s share in the total commodity turnover of Armenia is more than 22percent,” he said Wednesday in [...]

YEREVAN (ARKA), March 4–Technoparks will play an important role in the development of science intensive economy in Armenia, said Tigran Sarkisan, Prime Minister of Armenia on Wednesday during the meeting with delegation of international investment company ARTOC group headed by Shaphik Gabre, President of the Company.
The prime minister welcomed Mr. Gabre and said that he [...]

YEREVAN (ARKA), March 3– International company ARTOC Group is interested in investing in Armenia, its president Shafik Gabr, told Tuesday in Yerevan during a meeting with Armenian Minister of Economy Nerses Yeritsian.The ministry’s press office said it was the first visit of Mr. Gabr to Armenia. He was quoted as saying that his company wants [...]

YEREVAN (ARKA), March 3–Armenian tax and customs authorities collected a total of 51.1 billion dram of different revenues in the first month of 2010, by 22.3 percent or 9.3 billion dram more than a year ago, the Ministry of Finance reported.
According to the ministry, 40.2 billion dram were collected as taxes and duties, of which [...]

YEREVAN (ARKA), March 2–Armenia welcomed Monday the reopening of a key border crossing on the Russian-Georgia border that had been used by Armenian businessmen as the only overland conduits to the outside world. The Upper Lars border crossing was closed by Moscow in June 2006 for repairs.
The crossing is effectively the only land crossing between [...]

YEREVAN (ARKA), March 1–Armenia’s economy in 2010 January grew by 2.4 percent compared to January 2009, the National Statistical Service reported. The overall GDP in current prices totaled 149.5 billion dram. The GDP deflator index was 110.5 percent against January 2009.
According to official figures, the construction sector grew by 5 percent resulting in a 0.4 [...]