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Asian Development Bank to deliver $25 mln for upgrading of Sevan-Razdan Cascade power plant

OJSC "RusHydro" has given banker's guarantee on the credit agreement made between Asian Development Bank (ADB) and CJSC "International Energy Corporation" (IEC) within "RusHydro", at $25 mln to finance the upgrading of the Sevan-Razdan Cascade power plant in Armenia, IEC reported.
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Russia is largest buyer of Armenian natural juices

The export volumes of the fruit and vegetable juices from the Republic of Armenia in the first three months of the year of 2013 have increased by about 25% in comparison with the same period of the previous year....
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Public Services Regulatory Committee (PSRC) of Armenia initiates revision of electric power tariffs

Public Services Regulatory Committee (PSRC) of Armenia has initiated revision of the electric power tariffs, PSRC press-service told ArmInfo. The process was launched following forecasts of a growth of the gas tariffs for heating power plants, the AMD/USD exchange rate, the balance of electric power generation, and influence of some other factors in 2013-2014. The tariffs of electric power generation and services of energy companies of Armenia, as well as the electric power for final consumers will be revised. ...
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Farmers block motorway again

Farmers of Armavir province’s communities affected by the recent hail have again blocked Armavir-Margara Motorway, according to reliable sources of Aysor.am. The press reported that people are thus trying to prevent employees of ACBA Credit Agricole bank from entering their villages and collecting interest on agricultural loans from the debtors....
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Zhamanak: Gas price to go up 30-35%

The Armenian authorities and ArmRosGazprom Company have already come to an agreement on the gas price, according to “Zhamanak” daily. Users of up to 10,000 cubic meters a month will pay 180,000 AMD instead of current 132,000 AMD per 1,000 cubic meters, that is, the gas price will increase about 35%....
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Some $56 million released for repair of Armenia’s highways

Some $56.2 million have been allocated for major reconstruction of interstate highways leading to Georgia and Iran, Armenian transport and communications minister Gagik Beglaryan said at a meeting with head of World Bank program for development of road infrastructure Vikram Kothari....
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Bulgaria, Spain and China are biggest buyers of Armenian copper ore

The volumes of the export of the copper ore from Armenia in the first three months of the year of 2013, in comparison with the same period of the last year, have increased by about 30%....
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Jewelry production in Armenia jumps 50.2% to AMD 5.1 BLN in January-March

Armenia posted 50.2% growth in jewelry production in January-March 2013, from the analogical period a year earlier, amounting to 5.1 billion drams, the National Statistical Service of Armenia told ARKA. ...
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Average nominal monthly salary in Armenia 145,812 drams in march 2013

The average nominal monthly salary in Armenia was 145,812 drams (353 U.S. dollars or 10,812 Russian rubles) in March 2013 – 3.6% higher than it was in February, the National Statistical Service of Armenia reports. ...
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Financial receipts of Armenian museums slash in 2012 by 15 percent to 3.5 billion drams

The financial receipts of Armenian museums in 2012 slashed by 15.1 percent from the previous year to 3.5 billion drams, according to the National Statistical Service of Armenia....
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