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Ukrainian Fund Invests in Failing Armenian Airline

Ukrainian Fund Invests in Failing Armenian Airline

A Ukrainian investment fund announced the purchase of a 49 percent stake in Armenia’s leading airline on Friday, pledging to help restart soon its commercial flights that were suspended two months ago.

December 19th, 2014

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Artsakh Excluded from EEU

Artsakh Excluded from EEU

The Nagorno-Karabakh Republic will not become part of the Eurasian Economic Union (EEU) after Armenia’s accession, Belarusian First Deputy Foreign Minister Alexander Mikhnevich said while speaking before a vote on the ratification of the treaty on Armenia’s accession to the EEU.

December 19th, 2014

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Kazakh Senate, Belarusian Lower House Ratify Armenia’s Entry to EEU

Kazakh Senate, Belarusian Lower House Ratify Armenia’s Entry to EEU

The upper house of the Kazakh Parliament – the Senate – and the lower house of the Belarusian National Assembly — the House of Representatives — have ratified a treaty on Armenia’s joining the Eurasian Economic Union, Kazinform reports.

December 19th, 2014

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Outgoing US Ambassador Holds Final Press Conference

Outgoing US Ambassador Holds Final Press Conference

The outgoing US Ambassador to Armenia John Heffern reiterated Friday that there is no military solution to the long-running Artsakh conflict.

December 19th, 2014

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Former ARF Lawmaker Says ‘Revolution’ Has Been Quashed

Former ARF Lawmaker Says ‘Revolution’ Has Been Quashed

Lilit Galstian, a former opposition lawmaker from the Armenian Revolutionary Federation (ARF) says she no longer sees any tangible tactics or methodology in Armenian politics to expect serious reforms.

December 19th, 2014

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From Seeds of Hope to Seeds of Prosperity

From Seeds of Hope to Seeds of Prosperity

Gagik Mkrtchyan, the Armenian Technology Group’s (ATG) long time in-country director continues to have his impact in the grain industry in Armenia.

December 19th, 2014

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Yerevan Physics Institute Inaugurates New Cyclotron

Yerevan Physics Institute Inaugurates New Cyclotron

The Alikhanyan National Laboratory in Yerevan (Yerevan Physics Institute) will soon take delivery of a new 18 MeV (million electron volt) cyclotron for a modern diagnostic center funded by the Armenian government.

December 19th, 2014

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Vorotan Hydro Plant Deal to Be Signed Soon

Vorotan Hydro Plant Deal to Be Signed Soon

US Ambassador to Armenia John Heffern said in a press conference on Friday that Armenia and the US company ContourGlobal will sign an agreement on the Vorotan Hydropower Plant Cascade shortly.

December 19th, 2014

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$2.4 Million Raised For Rural Armenia Project Expansion at Children of Armenia Fund Gala

$2.4 Million Raised For Rural Armenia Project Expansion at Children of Armenia Fund Gala

The 11th annual Children of Armenia Fund (COAF) Holiday Gala took place at Cipriani 42nd Street on December 11.

December 18th, 2014

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EU Announces 10 Million Euros Aid to Armenia

EU Announces 10 Million Euros Aid to Armenia

The EU envoy to Armenia held an official ceremony Thursday for the signature of fifteen EU cooperation projects in Yerevan.

December 18th, 2014

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Armenian Dram Rebounds Sharply Overnight

Armenian Dram Rebounds Sharply Overnight

The Armenian dram strengthened against the U.S. dollar by 16 percent on Thursday after weeks of depreciation that accelerated dramatically earlier this week amid turmoil in Russia’s currency market.

December 18th, 2014

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Stepanakert Welcomes EU Parliament’s Step toward Recognizing Palestine

Stepanakert Welcomes EU Parliament’s Step toward Recognizing Palestine

Commenting on Wednesday’s decision by the European Parliament to support, “in principle,” the recognition of a Palestinian state, Artsakh’s presidential spokesman Davit Babayan said that Stepanakert welcomes any recognition based on the right to self-determination, especially if it complies with international law.

December 18th, 2014

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Forbes Ranks Armenia Best CIS Country for Business

Forbes Ranks Armenia Best CIS Country for Business

Armenia is ranked number one for businesses among former Soviet republics comprising the Commonwealth of Independent States (CIS), according to Forbes’ Best Countries for Business report ranking 146 countries.

December 18th, 2014

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Central Bank Chairman Reassures Public amid Tumbling Dram

Central Bank Chairman Reassures Public amid Tumbling Dram

The Chairman of Armenia’s Central Bank Arthur Javadian presented an analysis of the recent rapid devaluation of Armenia’s currency, the dram, during a press conference on Wednesday in Yerevan, and explained the Central Bank’s plan of actions to regulate the situation.

December 17th, 2014

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