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Heffern: Vorotan Cascade deal biggest US investment in Armenia

When it is signed, the agreement on the sale of Vorotan Hydro Cascade will give a great advantage to Armenia and the United States, the outgoing U.S. Ambassador to Armenia John Heffern said during a press conference on Friday.
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President Serzh Sargsyan to pay working visit to the Russian Federation

On the evening of December 22, President Serzh Sargsyan will pay a working visit to the Russian Federation where he will participate in the sitting of the Council of the Collective Security Treaty Organization (CSTO) and the Supreme Eurasian Economic Council to be held in Moscow, as the Department of Public Relations and Mass Media of the Structure of the Office to the President of the Republic of Armenia reports to “ArmenPress”.

Armenia’s economic activity has increased by 3.8 percent

Armenia’s economic activity indicator for January-November 2014 has exceeded the economic activity indicator for the same period last year by 3.8 percent. As “ArmenPress” reports, the National Statistical Service of the Republic of Armenia has presented the main preliminary macroeconomic indicators received through a current, operational study describing the socio-economic situation in Armenia. The only sphere in a downfall is the sphere of construction, which started growing again after the financial-economic crisis. Compared to the same period last year, construction has reduced by 5.4 percent. According to the indicator of the past eleven months, energy production has grown by 0.8 percent....
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Yerevan Brandy Factory announces open house days ahead of New Year and Christmas

The Yerevan Brandy factory will open its doors to visitors on December 20 and 21 for tours ahead of the New Year holidays, the press office of the factory reported. ...
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Raising public transport fare not on agenda yet - Yerevan municipality

Raising the urban transport fare in the Armenian capital is not on the municipality’s agenda yet, vice-mayor of Yerevan Kamo Areyan told a press conference on Friday, in summarizing the year 2014 results. ...
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Air Armenia asking government to exempt Armenian air companies from air tax

Air Armenia has proposed to the government to repeal the so-called air tax for Armenian airlines, general director of the company Arsen Avetisyan told a press conference on Friday. ...
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Armenia best country for business in CIS: Forbes

Armenia was ranked 56th in Forbes' new Best Countries for Business – 2014 list, leaving behind its CIS neighbors - Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st....
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EU to implement 15 new projects in Armenia

EU will carry out 15 new projects with a total budget of EUR 10mln in Armenia. ...
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EU has not sent “green little men” to Armenia, Lithuanian FM recalls

Foreign Minister of Lithuania Linas Linkevicius refuted Russian President Vladimir Putin’s statement on that NATO expansion might be compared to a new Berlin Wall....
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Armenian Defense Ministry signs 2015 cooperation plan with OSCE

On December 18 Armenian Minister of Defense Seyran Ohanyan received head of the OSCE Yerevan office Andrei Sorokin. Press service of Armenian Defense Ministry informs about this. ...
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U.S. dollar rate drops

The U.S. dollar rate continues falling in the banks and exchange units of Armenia. In comparison with December 18 the dollar rate has fallen by 21,68 drams, making on average 495,48 drams. By the way, the minimum price of the dollar sale has been defined by the banks to be 480 and the maximum – 510....
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Armenia expressed sorrow about terrorist attack in Pakistan

Armenia expressed sorrow over the terrorist attack in Pakistan on December 16....
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Serzh Sargsyan to take part in EPP Summit

President of Armenia Serzh Sargsyan will leave for Belgium on a working visit today to take part in the European People's Party (EPP) Summit in Brussels. ...
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Minibus drivers block road from Nor Nork to Yerevan center

Minibus drivers have blocked the road taking to the center of Yerevan from Nor Nork as a protest against increased gas prices, which will result in higher fare charges....
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Chairpersons of Armenian, Moldovan and Latvian CCs sign several agreements

The chairpersons of the Control Chambers of Armenia, Moldova and Latvia held a working meeting in Kishinev, Moldova. As the news department of the Control Chamber of the Republic of Armenia reports to “ArmenPress”, the CC chairpersons of the three countries signed several important documents on bilateral and trilateral cooperation....
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