2013

Armenia’s industrial output in 2012 surges by 8.8 percent to 1.120 trillion drams

YEREVAN, January 25, ARKA Armenia’s industrial output in 2012 surged by 8.8% from 2011 to 1.120.4 trillion drams, according to the numbers released by Armenia’s National Statistical Service. It also said agricultural GDP grew by 9.5 percent to 840.4 billion drams. Construction was said to have grown by 0.2 percent to 496.6 billion drams. ($1

Hotel belonging to Armenian businessman recognized the best hotel in Prague

Yerevan, 25 January. Panorama.am The General hotel belonging to Armenian Aghasi Zavaryan was recognized as the best hotel of Czech capital according to the TripAdvisor American travel website among the boutique hotels. It was nominated as “Travelers’ choice 2013.” This hotel that is situated in the center of Prague was recognized as the third in

Armenian government earmarks 150mln drams for SME development in 2013

YEREVAN, January 24. ARKA Armenian government decided to allocate 150mln drams under a small and medium enterprise (SME) development program in 2013. The main aim of the program is to provide continuous state support to small and medium companies, the country’s minister of economy Tigran Davtyan said. The money will be used particularly for supporting

Company registered in UAE to build Armenia-Iran railway

January 18, 2013 | News.am YEREVAN.- Armenia’s Ministry of Transport and Communications announced launch of “Southern Armenia Railway” and “High Speed Road ” projects. The project estimated at $3 billion will be implemented by a Rasia FZE company registered in the United Arab Emirates. “China and Russia will cooperate with Armenia to develop strategically important