Artsakhpress

Economy

Iran ready for gas swap from Turkmenistan to Armenia – SHANA

Iranian Oil Minister Javad Owji has expressed Iran’s readiness for swapping Turkmenistan’s natural gas to Armenia, SHANA reported.

Dollar, euro lose value in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 455.94/$1 in Armenia on Friday; this is down by AMD 4.19 from Thursday, according to the official website of the Central Bank of Armenia, news.am informs.

Dollar, euro fall in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 472.64/$1 in Armenia on Tuesday; this is down by AMD 1.74 from the previous business day in the country, according to the official website of the Central Bank of Armenia, news.am informs.

Dollar, euro continue rising significantly in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 474.38/$1 in Armenia on Friday; this is up by AMD 9.89 from Thursday, according to the official website of the Central Bank of Armenia, news.am informs.

Armenia to provide additional 20 billion drams to Artsakh for housing projects

The Government of Armenia will provide an additional 20 billion drams to Artsakh for housing projects given the urgent needs of apartments in Artsakh, State Minister of Artsakh Artak Beglaryan announced after the meeting of Artsakh President Arayik Harutyunyan with Prime Minister of Armenia Nikol Pashinyan.

Possibilities of freight shipping from Mumbai port to Armenia discussed in India

Armenian Minister of Foreign Affairs Ararat Mirzoyan led a delegation to the city of Mumbai as part of his visit to India. Armenian businessmen accompanied the FM to the financial capital of India, the foreign ministry said.

PM Mishustin calls for more active use of national currencies in Russia-Armenia trade

During his meeting in Moscow with Prime Minister Nikol Pashinyan of Armenia, PM Mikhail Mishustin of Russia called for more active use of national currencies in trade, news.am informs.

Armenian, Russian Deputy PMs discuss bilateral trade-economic cooperation

Deputy Prime Minister of Armenia Mher Grigoryan met with Russian Deputy Prime Minister Alexei Overchuk in Moscow, the Armenian government’s press service said.

Armenia offers Turkey to open border for diplomatic passport holders as first step, but Ankara is delaying

The next meeting of the special representatives of Armenia and Turkey for normalization could take place in Vienna, the Armenian Foreign Ministry spokesperson Vahan Hunanyan said in response to a query from Armenpress.

Armenia, Russia agree to create joint portfolio of investment programs

Armenia’s Minister of Economy Vahan Kerobyan and his deputy Narek Teryan are in Russia since April 10 on a three-day visit. During the visit the Armenian delegation was hosted by Russia’s Deputy Minister of Economic Development Dmitry Volvach, the Armenian ministry said in a news release.

Armenian products to be presented at exhibition in California

The International Business Support Council, the Armenian American Business Council and the Western Diocese of the Armenian Church of North America will implement a project titled “America-Armenia Business Bridge” in California on May 2-9 under the auspices of the Consulate General of Armenia in Los Angeles, the Consulate said in a statement on social media.

Dollar, euro continue falling in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 483.15/$1 in Armenia on Monday; this is down by AMD 1.63 from the previous business day in the country, according to the official website of the Central Bank of Armenia, news.am informs.

In January-March 2022, the state budget tax revenues and duties were exceeded by 1 milliard 825.3 million AMD

According to initial data tax revenues and duties of the state budget of RA In January-March 2022 accounted for 9,325.3 million AMD, which went beyond the scheduled index of 7,500 million AMD by 24.3% or over 1,825.3 million AMD, the State Revenue Committee of Artsakh informs.

Armenia as a new destination for foreign investments: Deputy PM’s interview to Investment Monitor

The primary goal of Armenia’s economic policy is to build a knowledge-based, export-oriented and inclusive economy with an equally enabling environment for local and foreign companies, Deputy Prime Minister Hambardzum Matevosyan said in an interview to Investment Monitor, talking about the country's tech prowess and tourism ambitions.

Oil price soars to highest level since 2008

Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian supplies with its allies, the BBC reports.

Iranian Minister of Industry, Mine, and Trade to visit Armenia

Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin will depart for the Armenian capital of Yerevan on March 3 to discuss the expansion of trade relations between the two countries, Mehr news agency reported.

Brent oil exceeds $111 per barrel for first time since July 2014

The price for May 2022 futures contracts for Brent oil increased 5.83% on London’s ICE, to $111.09 per barrel as of 05:46 Moscow time on Wednesday, Tass informs.

President of the Republic held a consultation on the state assistance program aimed at the fulfillment of credit obligations

On March 1, President of the Artsakh Republic Arayik Harutyunyan convened an extended working consultation on the implementation process of the state financial assistance program aimed at the fulfillment of the credit obligations of individuals and legal entities experiencing a difficult situation in the aftermath of the hostilities unleashed against the Republic of Artsakh on September 27, 2020, the Presidential Office stated.

World oil prices going up

World oil prices are on the rise Monday morning, and trading data attest to this, news.am informs.

Dollar loses value in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 481.26/$1 in Armenia on Monday; this is down by AMD 0.37 from the previous business day in the country, according to the official website of the Central Bank of Armenia.