Prime Minister Nikol Pashinyan said he did not see an insurmountable problem in the restrictions imposed by Russia on imports of certain Armenian products and pledged to address the issue through existing Eurasian Economic Union mechanisms. Pashinyan noted that he was the only EAEU official who participated in both of the organization’s governing bodies. “I…
There have long been offers of cheaper than the gas currently sold to Armenian consumers, according to Khachatur Sukiasyan, a businessman and member of parliament from the ruling Civil Contract faction. “Don’t worry, there have long been offers that are cheaper than the gas ultimately sold to consumers. I cannot provide details right now because…
It is illogical to threaten Armenia, for example, with higher gas prices, Prime Minister Nikol Pashinyan has said in response to statements coming from Russia. He stressed that there was an answer to such threats: “We will have much more money so that it will not seem expensive to us”. Kremlin spokesman Dmitry Peskov had…
Fly Arna, Armenia-based low-cost airline, made its inaugural flight to Georgia on October 30 to Tbilisi International Airport, TAV Georgia, the company operating two airports in Georgia, announced. The Armenian national airline performed the flight from Yerevan to Tbilisi, carrying 167 passengers. On the same day 110 people departed from Tbilisi to Yerevan. Fly Arna…
Armenian Prime Minister Nikol Pashinyan said a “noticeable growth” was observed in the Armenian-Georgian trade and economic relations “despite challenges”. “We have a 97% increase in trade turnover”, Pashinyan said at the opening ceremony of the Bridge of Friendship on the border crossing between the two states on the Debeda River. The PM also said…
Minister of Economy Vahan Kerobyan has commented on the sanctions imposed on Russia by the West and several other countries and declared that Armenia is worried about the situation. According to him, the government will try to mitigate the possible consequences of sanctions against Russia on the Armenian economy. “We are studying all the factors.…
Moody’s Investors Service has affirmed the Government of Armenia’s Ba3 local and foreign currency long-term issuer ratings and foreign currency senior unsecured rating. The outlook remains stable. The affirmation of the Ba3 ratings is driven by the credit profile’s resilience to the significant shocks of the coronavirus pandemic and geopolitical and domestic political tensions, and…