• 09.04.2013
    Armenian brandy “conquers” Russian market once again

    Armenian brandy “conquers” Russian market once again

    In 2012, Armenian capital city’s Yerevan Brandy Factory (YBF) recorded a 25-percent growth in brandy production, and a 27-28-percent growth is expected for this year, Factory Executive Director Ara Grigoryan said during a press conference on Monday. The brandy sales reached 3.5 million liters in the year past, as compared to the 2.7 million liters
    • 25.03.2013
    EXPO BEAUTY 2013

    EXPO BEAUTY 2013

    On February 28, President of Union of manufacturers and businessmen Armenia A. Ghazaryan and the Rector of French University in Armenia Mr. Montuan signed a cooperation agreement. In a few days “Logos Expo Center” and UMBA o n March 22-24 organized «EXPO BEAUTY 2013» International 9th specialized exhibition. A group of students of French University
    • 07.03.2013
    Armenia made progress in tourism competitiveness report – PM

    Armenia made progress in tourism competitiveness report – PM

    The World Economic Forum on Wednesday issued its tourism competitiveness report, where Armenia is ranked 79th from among 140 countries, Premier Tigran Sargsyan stated during Thursday’s Cabinet meeting. In his words, Armenia improved its position by eleven points as compared to the previous year. Also, Armenia’s PM commissioned Economy Minister Tigran Davtyan to analyze this
    • 26.02.2013
    Winners' Club and SEUA Students Meeting with Armen Gevorgyan

    Winners' Club and SEUA Students Meeting with Armen Gevorgyan

    On February 25, the meeting with Armen Gevorgyan, Vice Prime Minister of the Republic of Armenia, Minister of Territorial Administration of the Republic of Armenia and members of the Winners’ Club of the Presidential Educational Award, as well as students of the microelectronic circuits specialization at State Engineering University of Armenia (SEUA) to took place
    • 19.02.2013
    “MIKA PROGRESSTEGH” engineering center presentation

    “MIKA PROGRESSTEGH” engineering center presentation

    On February 15, “ROSSOTRUDNICHESTVO”, representation of the Russian-Armenian cooperation Innovation Center, Union of Manufacturers and Businessmen (Employers) of Armenia and "MIKA PROGRESSTEGH" JSC Engineering Center initiated the presentation of Engineering Center. The Center provides engineering, consulting services for large and small machinery industry. The center has attracted companies in such programs as "Sukhoi civil aircrafts",
    • 13.02.2013
    Armenia to have export insurance company

    Armenia to have export insurance company

    An export financing insurance company needs to be established in Armenia. To this end, a working team comprising fifteen members will be set up at the Ministry of Economy. The members will receive a monthly salary of 500,000 drams (approx. $1,230), and they will be responsible for all the preparations toward founding this insurance company.
    • 05.02.2013
    Dollar shows signs of stabilizing in Armenia

    Dollar shows signs of stabilizing in Armenia

    February 05, 2013 | News.am Following a one-week fall, the exchange rate of the American national currency ultimately stabilized at the AMD 405-406/$1 range at Armenia’s financial market. But dollar trading was not conducted Tuesday at NASDAQ OMX Armenia stock exchange. Even though the asking price for the US national currency was AMD 405/$1, its
    • 05.02.2013
    Restoration railway communication via Abkhazia is beneficial to all parties – Prime Minister

    Restoration railway communication via Abkhazia is beneficial to all parties – Prime Minister

    February 05, 2013 | News.am Restoration of railway communication between Georgia and Russia via Abkhazia will be beneficial for all parties, but this takes time, said the Prime Minister of Georgia Bidzina Ivanishvili at a press conference this Tuesday. He assured that nothing negative will happen for Georgia. “Restoration of the railroad will be beneficial
    • 02.02.2013
    Armenia’s international reserves restored

    Armenia’s international reserves restored

    February 02, 2013 | NEWS.am Armenia’s international reserves made about $1.8 billion for last December, Central Bank of Armenia informsArmenian News - NEWS.am adding they increased by $112 billion as compared to the November 2012. The cash balance of funds in December made $630 million as compared to the previous month’s amount of $572 million.
    • 31.01.2013
    Large companies’ reports should be gathered at one place – Armenian PM

    Large companies’ reports should be gathered at one place – Armenian PM

    January 31, 2013 | News.am A law was passed in Armenia three years ago, according to which the country’s large companies have to conduct external audits and provide public reports on their financial situation. Recalling this during Thursday’s Cabinet meeting, Premier Tigran Sargsyan stated that the respective results are summarized and audits were conducted at