The economic activity index of Armenia grew by 7% in January-April against the same period of 2018, while only in April the growth amounted to 9.2% against last April, the National Statistical Service reported. Industrial output of the period rose by 4.5%, and in April by 13.2%. Construction grew by 8% in January-April, and by…
Sergo Stepanyan and Samvel Stepanyan, Russia-based Armenian brothers and successful businessmen, have invested nearly $210,000 (100,000,000 drams) in the Armenian province of Kotayk, the Ministry of Diaspora reported. The two Armenians have funded the construction of a 3 km road in the Nor Yerznka community of the province. The inauguration of the road will take…
The proposed amendments to the Tax Code plan a 23% flat income tax, which in turn will reduce year-by-year and reach 20%, Deputy Minister of Finance Arman Poghosyan told lawmakers at hearings of the economic affairs committee. A representative of a civil society organization asked the official, which countries they’d observed in terms of experience…
SMT Best LLC has launched production of made-in-Armenia medical supplies. Thanks to the launch of the new production, 100 new jobs have been created. 20% of supplies produced in Armenia are consumed by the local market, while the rest is exported. While syringes, blood collection containers, insulin pen needles and other supplies are currently manufactured…
Ameriabank has opened a news branch in the town of Abovyan in Kotayk province. Kotayk governor Romanos Petrosyan, Abovyan mayor Vahagn Gevorgyan, customers of the bank, partners, other officials and guests attended the opening. The new branch is the seventh outside Yerevan, the capital, and is set to work Monday to Friday. The Abovyan branch…
Romanian TAROM airline will launch regular Bucharest-Yerevan flights twice per-week, the Zvartnots airport of the Armenian capital said. It said TAROM would further increase the frequency of flights to three-times per week. Months earlier the deal was reached between TAROM and Zvartnots airport. The airport did not specify when exactly the flights would commence. (Armenpress/Business…
Armenia is exploring the construction of a new nuclear power plant in the future and the involvement of foreign partners in the project, Deputy Prime Minister Tigran Avinyan said at a meeting with French ambassador to Yerevan Jonathan Lacote. Alexandre Gorbatchev from the French Atomic Energy Commission and representatives from Orano (formerly Areva) also participated…