Economy

Dollar gains ground in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 482.20/$1 in Armenia on Thursday; this is up by AMD 0.18 from Wednesday, informed the press service of the Central Bank of Armenia.

Tashir Group to partially cover energy costs of Armenia’s low-income families

The Tashir Group of Companies owned by Russian-Armenian businessman Samvel Karapetyan has today unveiled its plan to partially compensate the energy costs of Armenia’s low-income families.

30 Afghan soldiers killed in Taliban attack

Taliban militants killed 30 Afghan soldiers and captured a military base in the western province of Badghis on Wednesday, the provincial governor said, their first major attack since a ceasefire for the Eid al-Fitr holiday, Reuters reports.

Artsakh State Minister tasks officials of agricultural sphere to revalue efficiency of acting programs

On June 19, State Minister of Artsakh Republic G.Martirosyan held a working consultation with the officials of agriculture sphere.

Dollar goes down in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 482.26/$1 in Armenia on Tuesday; this is down by AMD 0.33 from Monday, informed the press service of the Central Bank of Armenia.

Assistance for disaster-affected Artsakh land users to be discussed

On June 18 Artsakh Agriculture Minister, Zhirayr Mirzoyan, convened a working consultation, during which questions related to possible compensation of negative results of recent natural disasters in the republic were discussed.

Iran to increase gas export to Armenia

Chief Executive of the National Iranian Gas Company (NIGC) Hamid-Reza Araghi said that Iran’s gas export volume to Armenia will increase in the current year, Mehr agency reported.

Australian based agronomist conducts researches in Artsakh

Starting from June 6 to 14, specialist in the sphere of plant growing, protection and development, experienced agronomist and cultivator, Australian based Stepan Melkonyan, was in the areas being cultivated in the Artsakh regions of Askeran, Martakert, Martuni and Hadrut. He was accompanied by Deputy Minister of Agriculture, Vilen Avetisyan.

Euro drops sharply in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 482.68/$1 in Armenia on Friday; this is down by AMD 0.05 from Thursday, informed the press service of the Central Bank of Armenia.

Dollar, euro gain value in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 482.73/$1 in Armenia on Thursday; this is up by AMD 0.05 from Wednesday, informed the press service of the Central Bank of Armenia.

World oil prices up

The world oil prices are rising due to an increase of 1.75-2% of the base interest rates by the U.S. Federal Reserve, reports RIA Novosti.

Repatriation program to be given new impetus, newly appointed Artsakh State Minister visits Ishkhanadzor and Araksavan communities for the first time

On June 13 Artsakh Minister of State, Grigory Martirosyan, accompanied by the ministers of Urban Development and Agriculture, made his first working visit to Kashatagh region’s southern wing and then to Hadrut region’s Araksavan settlement.

Russia renews timber, unprocessed wood land export permit to Armenia

The Russian government has restored export permit of timber products and unprocessed wood to Armenia via the Verkhniy (Upper) Lars checkpoint after the previous regulation expired on December 31, 2017, the Eurasian Economic Commission said.

Artsakh State Minister discusses project of tax reforms with responsible officials

Artsakh’s State Minister Grigory Martirosyan has summoned a consultation on June 12 to discuss the tax reform program.

PM Pashinyan comments on possibility to decrease gas and electricity tariffs

Armenian Prime Minister Nikol Pashinyan commented on the possibility to decrease gas and electricity tariffs.

World Bank: Armenia to record 4.1% economic growth in 2018

World Bank forecasts a 4.1 percent economic growth for Armenia in 2018, the Global Economic Prospects report shows.

The number of tourists visiting Armenia grew by 16% this year

Within the first three months of 2018, a total of 346 thousand 458 inbound visits were recorded in Armenia, showing a 16,1% increase to compare with the indicated period of 2017.

400 mln fines and penalties to be forgiven: Artsakh State Minister holds consultation

On Thursday Artsakh State Minister, Arayik Harutyunyan, convened a working consultation to discuss the harvesting process.

Dollar falls, euro goes up in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 482.83/$1 in Armenia on Wednesday; this is down by AMD 0.15 from Tuesday, informed the press service of the Central Bank of Armenia.

Garo Paylan announces reason for economic crisis in Turkey

Istanbul Armenian MP and vice-chairman of the opposition pro-Kurdish People’s Democratic Party (HDP) of Turkey, Garo Paylan commented on the recent economic crisis in Turkey.