Moscow reacts to gas overtures between Yerevan and Baku 

 Monday, April 29 2024 10:27:00
Moscow reacts to gas overtures between Yerevan and Baku 

ArmInfo.Moscow reacts to gas overtures between Yerevan and Baku, says Doctor of Political Sciences  Vahe Davtyan. 

Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
 Friday, April 26 2024 17:55

ArmInfo. According to estimates by the United States Agency for International Development (USAID), to increase energy independence, Armenia needs a new nuclear power plant with a capacity of 600 MW. Abgar Budaghyan, head of USAID Armenia's energy security project, expressed such an opinion on April 26 during public discussions on "Prospects of diversification of the energy sector in Armenia".

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Expert: Armenia`s energy independence level  is about 27%
 Friday, April 26 2024 17:50

ArmInfo.According to data for 2022, Armenia imports 73% of its energy resources, that is, the level  of energy independence is about 27%. Abgar Budaghyan, head of USAID Armenia's energy security project stated  on April 26 during public discussions on the topic "Prospects for diversification of the energy  sector in Armenia."

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Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
 Thursday, April 25 2024 15:15

ArmInfo. Yerevan is ready to discuss the purchase of Azerbaijani gas with Baku. Speaker of the  National Assembly of Armenia Alen Simonyan stated  on April 25 in a conversation with journalists.

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Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
 Monday, April 22 2024 19:41

ArmInfo.The delegation of the European Union led by the EU Ambassador to Armenia Vassilis Maragos  visited the Armenian Nuclear Power Plant (ANPP).

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Armenia to study Lithuania`s experience in energy sector
 Monday, April 22 2024 18:02

ArmInfo.Minister of Territorial Administration and Infrastructures of the Republic of Armenia Gnel Sanosyan met withMinister of Energy of the Republic of Lithuania Dainius Kreivys in Vilnius. The meeting was also attended  by the Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the Republic of Lithuania Ara Margaryan, the press service of the RA Ministry of Territorial Administration reports.

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Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
 Friday, April 19 2024 16:23

ArmInfo. Yerevan is trying to fit into the field of anti-Iranian sanctions, demonstrating to the  Anglo-Saxon 'bosses' its readiness to reduce economic cooperation with Iran significantly Political scientist, Doctor of Political Sciences Vahe Davtyan wrote on his Facebook page, commenting on the  decision of the RA government to liquidate Energoimpex JSC.

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Cooperation with German Fichtner company discussed 
 Friday, April 19 2024 10:59

ArmInfo. Prime Minister Nikol Pashinyan received the Executive Director of the German Fichtner  company operating in the energy sector, Martin Stickel, and the company's representatives. Viktor Richter, Ambassador Extraordinary and Plenipotentiary of Germany to Armenia, also participated in the  meeting.

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EIB to issue loan under energy efficiency programme to Armenia 
 Friday, April 12 2024 13:30

ArmInfo. The European Investment Bank (EIB) will provide Armenia with a loan of 25 million  euros for the implementation of the second stage of the program to improve the energy efficiency of buildings and structures in Yerevan. 

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EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan 
 Friday, April 5 2024 14:44

ArmInfo. The European Investment Bank (EIB) will provide Armenia with a loan of 25 million  euros for the implementation of the second stage of the program to improve the energy efficiency of buildings and structures in Yerevan.

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Armenia joins International Solar Alliance
 Thursday, April 4 2024 13:49

ArmInfo. On April 4, at a regular meeting, the Government of Armenia approved the RA draft law "On the  ratification of the Framework Agreement "On the International Solar Alliance Fund". 

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Armenian NPP to be under maintenance repair 
 Thursday, April 4 2024 13:43

ArmInfo.The Armenian nuclear power plant will be shut down for scheduled maintenance (PPR) from  May 15, Advisor to the General Director of the ANPP Gera Sevikyan told ArmInfo.

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Delay in Armenia-Georgia power line construction directly related to  Yerevan`s "enclave policy" - professor 
 Wednesday, April 3 2024 10:50

ArmInfo. Avanesov. Armenia is being squeezed out of the North- South megaproject, giving way to  Azerbaijan, Doctor of Political Sciences, Professor of the Russian- Armenian University, President of the Institute of Energy Security (Armenia) Vahe Davtyan in his article.

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Azerbaijan continues attempts to "hit" Armenian nuclear power plant
 Friday, March 22 2024 13:32

ArmInfo. Azerbaijan is not giving up attempts to "hit" one of the most painful areas of the Armenian energy sector - the Armenian nuclear power plant, which provides a third of all electricity produced in the country at the lowest tariff.

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Extending ANPP`s lifetime until 2036 will lay solid foundation for  smooth transition to new power unit - Pashinyan at Nuclear Energy  Summit
 Thursday, March 21 2024 17:01

ArmInfo. Prime Minister  of Armenia Nikol Pashinyan participated in the inaugural Nuclear Energy  Summit in Brussels. French President Emmanuel Macron, Belgian Prime Minister Alexandre de Croux, European Commission President Ursula van der Leyen, European Council President Charles Michel, presidents,  prime ministers and representatives of a number of countries also took part in the event, the office of the Armenia's Prime Minister reports.

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Germany to provide loan for Armenia`s renewable energy sector 
 Wednesday, March 20 2024 14:35

ArmInfo.Preferential loan worth of 12 million Euros will be allocated to Armenia by the  Agreement. The money will be allocated to the private sector for making investments in some spheres of renewable energy.

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Project to create unified gas market in EAEU postponed until 2027
 Monday, March 11 2024 14:53

ArmInfo.The project to create a single gas market in the Eurasian Economic Union has been postponed  until 2027, Armenia's Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan stated on March 11 at a meeting of the RA National Assembly Commission on Regional and Eurasian Integration.

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Armenia should completely switch to renewable energy - Jon Dee 
 Thursday, March 7 2024 12:16

ArmInfo.Armenia should completely switch to renewable energy sources, Jon Dee, Co-founder  and Managing Director of DoSomething, stated at the ROBUST ARMENIA- 2024 conference. 

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Connection with Europe via Georgia Armenia`s energy priority -  official
 Thursday, March 7 2024 11:59

ArmInfo. The Ministry of Territorial Administration and Infrastructure is preparing a  strategic document in the field of water resources management, stated Deputy Minister of Territorial Administration and Infrastructures Vache Terteryan during a meeting with delegations of the German  Society for International Cooperation (GIZ) and the German Development Bank (KFW). Deputy head of the department Hakob Vardanyan was also present at the meeting.

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2-3 nuclear power units with capacity of 200 MW each would make it  possible to more effectively manage country`s energy system - PSRC  Chair
 Thursday, February 29 2024 14:37

ArmInfo. Two or three nuclear power units with a capacity of 200 MW each would make it possible to more effectively manage the energy system in Armenia. This was stated at the plenary session of the National Assembly of the Republic of Armenia by  Chairman of the Public Services Regulatory Commission (PSRC) of the Republic of Armenia Garegin Baghramyan.

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PSRC: construction of Mets Masrik  industrial-scale solar power plant  in Armenia is nearing completion
 Wednesday, February 28 2024 17:54

ArmInfo. The construction of an industrial-scale solar power plant, Mets Masrik, in Armenia is  nearing completion. This was stated on February 28 from the rostrum of parliament by Chairman of the Public Services Regulatory Commission, Garegin Baghramyan, whose candidacy was again nominated  by the RA government for the post of head of the PSRC.

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News
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
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Exchange rates
17.05.2024
RUB4.26-0.01
USD387.60-0.49
EUR420.12-1.81
GBP490.31-1.36
CAD284.16-0.61
JPY24.87-0.22
CNY53.63-0.14
CHF426.22-3.84


Experts
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Expert on Armenia`s international trade growth against Expert on Armenia`s international trade growth against "miserable  trade pattern"  
Expert: Armenia should use Georgian, Turkish transit opportunitiesExpert: Armenia should use Georgian, Turkish transit opportunities
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Commented
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
Gevorg Mantashyan: High-Tech Ministry makes consistent efforts for  emergence and progress of startups in ArmeniaGevorg Mantashyan: High-Tech Ministry makes consistent efforts for  emergence and progress of startups in Armenia
Bank of Georgia announces proposed acquisition of Ameriabank for  $303.6 millionBank of Georgia announces proposed acquisition of Ameriabank for  $303.6 million

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"National Mortgage Company"2A
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