A new low-cost airline is entering Armenia’s aviation market. Wizz Air budget airline will start operating flights from Yerevan in April 2020, Andras Rado, Corporate Communications Manager at Wizz Air budget airline, has announced. “From April 2020 we will start operating flights to Vienna and Vilnius. The flights will be carried out twice a week.…
Gas price will not increase in Armenia until April 1, 2020, Deputy Prime Minister of Armenia Mher Grigoryan has announced. “I cannot say for now what will happen after April 1, 2020 because the talks are not over yet, and we have not summed up the agreements. I can confidently state one thing that there…
In the first half of 2019 growth in export of Armenian wines was noticed compared to the same period of 2018, Director of the Vine and Wine Foundation of Armenia Zaruhi Muradyan said. This year various programs were implemented aimed at raising awareness on and exporting the Armenian wines. In 2019 the Armenian wines were…
Abu Dhabi-based Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala, has entered into a formal agreement with the Armenian National Interests Fund (Anif), a state-owned foreign direct investment vehicle, to develop 400 MW solar power projects in Armenia with an investment of $300-320 million. The first project being under…
By the initiative of Vine and Wine Foundation of Armenia the Armenian wines were presented at the 17th ENOEXPO 2019 international wine fair in the Polish city of Krakow on November 20-22. Every year ENOEXPO is attended by producers from nearly 150 countries, such as Bulgaria, Germany, Georgia, France, Kosovo, Portugal, Slovakia, Slovenia, Spain, Ukraine,…
Budgetary allocations in the military industry will grow by 122% in 2020, Hakob Arshakyan, Minister of High-tech Industry, declared. “Out of the AMD 12.5 billion ($26.3 million) to be allocated to the Ministry of High-tech Industry, AMD 6.3 billion ($13.3 million) will be spent on military industry,” Arshakyan said. Some of the expenses, the minister…
Unemployment rate dropped in Armenia by 2.6% in the second quarter of 2019, compared to the same period of 2018, amounting to 17.7%, the Statistical Committee reported. The number of unemployed people comprised 207.2 thousand in the second quarter of 2019, against the 236.4 thousand people in the second quarter of 2018. The unemployment rate…