News
“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",
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.
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
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
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.
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
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