Tajikistan: president gets acquainted with Armenia’s innovative development

During his two-day official visit to Armenia, Tajik President Emomali Rahmon has got acquainted with its innovative development. Tajik leader visited Technology and Science Dynamics LLC (TSD) in Yerevan. Rahmon reportedly got acquainted with TSD achievements in the field of information and communications technologies. Technology and Science Dynamics is a research and development corporation established…

Armenia to boost exports in 2022

The Armenian government says “it is realistic” to secure a $200-million growth in exports in 2017, eyeing a further $450 million hike next year. Prime Minister Karen Karapetyan held consultations at the Ministry of economic development and investments. According to preliminary estimates, exports will grow from some $1.8 billion in 2016 to around $2.5 billion…

Armenia: Ameriabank retains absolute leadership in banking sector

Ameriabank retains absolute leadership in the banking sector of Armenia by all key financial indicators i.e. assets, liabilities to clients, total capital, loan book and net profit, based on 2016 results.

Furthermore, the bank has reported strong performance in retail banking. (PanArmenian/Business World Magazine)

Armenia: exports up in January 2017

Armenia’s exports amounted to $124.4 million in January, up by a total of 35.4% against the same period last year. As the National Statistical Service reports, Russia-bound exports surged by 80%, while those to the EU countries and Iraq increased by 21.5% and 24.4% respectively. Exports to the United Arab Emirates grew 6-fold, totaling some…

Armenia: Russian gas supply down in 2016

Russian gas supply to Armenia decreased from 1.92 billion cubic meters in 2015 to 1.87 billion cubic meters in 2016, materials prepared for the meeting of Armenian Prime Minister Karen Karapetyan with his Russian counterpart Dmitry Medvedev revealed. 2.6% less gas has thus been shipped from Russia to Armenia. According to the Cabinet materials, the…

Armenia: Fitch rates Yerevan “B+”

Fitch Ratings has assigned Armenian capital city of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of “B+” and a Short-Term Foreign Currency IDR of “B”. The Outlooks on the Long-Term IDRs are Stable. The ratings reflect Yerevan’s status as Armenia’s capital, satisfactory budgetary performance, supported by steady transfers from the central government,…

Armenia: Gazprom and Iran to increase gas supplies

Deputy Chairman of Gazprom Management Board Vitaly Markelov held talks with Iran’s Deputy Minister of Oil Amir-Hossein Zamani-Nia, who arrived in Moscow to convince Russian companies to invest in the Islamic Republic’s oil and gas projects. Also, negotiations dwelt upon the increase of gas supplies from Iran to Armenia, whose gas transportation system was controlled…

Armenia: pork imports from Ukraine banned

Armenia has banned imports of pigs and pork from Ukraine, the Ukrainian Agrarian Confederation reports. “The ban on imports implied to pigs and pork, as well as the whole genetic materials of livestock: bristles, intestinal materials, leather, various raw materials, and pork products as well as hunting trophies”, reads the report. In addition, Armenia imposed…