Business

Business

24/05 Armenia’s national air company Armavia owes about $5.536 mill...

Business

Armenia’s national air company Armavia owes about $5.536 million to Armenia’s international airport Zvartnots that in 2001 was handed over by the government to Argentinean American International Airports owned by Argentinean citizen of Armenian descent Eduardo Eurnekian for a 30-year concessional management.

24/05 Increased gas tariffs won’t affect competitiveness of Armenia...

Business

Increase in gas prices will have some impact on Armenian exporting companies, but will not affect their competitiveness, minister of energy and natural resources Armen Movsisyan said.

23/05 Areximbank – Gazprombank Group focused on operational risk ma...

Business

Areximbank – Gazprombank Group pays special attention to operational risk management, the bank’s press service reported.

22/05 VTB Bank (Armenia) equipped its branches with devices reading ID card data

Business

VTB Bank (Armenia) reported Wednesday it had equipped its branches with the devices which automatically read the data from ID cards in Armenia.
21/05 Ameriabank sets amd 5-50 mln lending to SME not charging for loan application

Business

Small and medium-size enterprises can now get 5-50 million drams (or an equivalent amount in foreign currency) in loans within the framework of Armenia-based Ameriabank’s “Simple and fast” lending package, said Arman Barseghyan, director of banking retail operations.
21/05 Director: Ameriabank’s retail portfolio believed to grow 15% to over $80 million in 1st h 2013

Business

Arman Barseghyan, Ameriabank’s director in charge of retail banking transactions, told journalists on Tuesday that the bank’s retail portfolio is expected to grow 15% for the first six months of this year from $70 million to more than $80 million.
21/05 VTB Bank (Armenia) and visa launch “Summer with VTB” campaign

Business

VTB Bank (Armenia) and VISA announced Tuesday on launching “Summer with VTB” campaign.
21/05 Ameriabank revises terms of issuing plastic cards and reduces their maintenance prices

Business

Ameriabank said today it has revised the terms of issuing plastic cards and has also reduced their maintenance prices. Arman Barseghyan, retail banking operations director, said at a news conference that the revision was primarily prompted by increased competitiveness of the bank’s services. He said the revision is aimed at fostering development of banking services beyond the capital city.
21/05 Andrey Ponomarev takes helm of ArmenTel’s fixed business

Business

Andrey Ponomarev is appointed the director of ArmenTel’s fixed network bloc, the company reported to ARKA on Tuesday.
17/05 Armenian and Russian cadastres sign memorandum of understanding

Business

The State Committee of the Real Estate Cadastre of Armenia and the Federal Service for State Registration, Cadastre and Cartography of Russia signed a memorandum of understanding on Friday, the government reported.
17/05 Coca-Cola Armenia targets 40б mln. liters sales in 2013

Business

Coca-Cola Hellenic Bottling Company Armenia is planning to sell around 40 million liters of its products in 2013, general director of the company Gagik Danielyan said.
17/05 Ameriabank first Armenian bank to get right to confirm letters of credit

Business

Ameriabank has become the first Armenian bank to receive a confirming bank status from the European Bank for Reconstruction and Development (EBRD) under the Trade Facilitation Programme (TFP), Ameriabank’s press office told ARKA.
15/05 E-Commerce turnover of Areximbank – Gazprombank Group totalled around 50 mln drams in 4 months

Business

E-commerce turnover of Areximbank – Gazprombank Group amounted to 49,975,204 drams in the first four months of 2013, deputy general manager of the company Ruben Khachatryan said.
14/05 Nearly 6 million euros invested in Armenia’s SME over 10 years as part of EBRD business advisory services

Business

Nearly 6 million euros have been brought to Armenia over the last 10 years to finance small and medium-sized businesses under the European Bank for Reconstruction and Development’s Business Advisory Services (BAS), EBRD head of regional program to promote SME Jaap Sprey said today as he was speaking at a special event marking EBRD’s 10th anniversary in Armenia.
14/05 April performance results finalized by South Caucasus railway

Business

General director of the South Caucasus Railway company Victor Rebets summarized results of the company’s performance in April 2013 Monday, the press office reported.
08/05 Creditor banks agree to write off penalties and fines of Armavia

Business

The creditor banks had agreed to write off the penalties and fines of Armenia’s national air carrier, Armavia company, Transport Communications officer Isabella Muradyan said in an interview with ARKA news agency.
03/05 Introduction of turnover tax affects small and medium-sized businesses

Business

Introduction of turnover tax from January 1, 2013 is having an adverse effect on Armenian small and medium-sized businesses, according to Tatul Manaseryan, head of Alternative think-tank
03/05 South Caucasus Railways discuss results of spring inspection of the facility

Business

The Russian-run South Caucasus Railways (SCR) company operating Armenian railroads discussed today the findings of spring inspection of the tracks, roadbed and structures, devices, power, automation, remote control and communication.
03/05 Shengavit and 2 mini branches of VTB Bank (Armenia) re-open

Business

Shengavit and two mini branches of VTB Bank (Armenia) re-opened Friday within the framework of the branch network reformation program, the bank reported to ARKA.
02/05 President of Rasia FZE presents brief summery of southern railway Armenia and southern high speed road of Armenia projects

Business

President and Chief Executive Officer of investment company Rasia FZE, Joseph Borkowski, presented today a brief summery of Southern Railway Armenia and Southern High Speed Road of Armenia projects to Armenia’s acting transport and communications minister Gagik Beglarian.
02/05 Factoring for ceded liabilities rose by 36% in Ameriabank in Q1

Business

Armeriabank’s factoring transactions on liabilities ceded to the bank grew by 36% in the first quarter against Q1 2012 (3.7-fold as compared to 2011) and totaled around 7 billion drams, the bank’s press office reported.
30/04 Ardshininvestbank’s assets grow 23.8% to AMD 198.5 Billion in 2012

Business

Ardshininvestbank’s assets totaled AMD 198.5 billion by January 1, 2013 after growing 23.8% over 2012, according to the results of its activities for the year 2012, on the basis of its audited consolidated financial statements in compliance with the IFRS.
30/04 VTB Bank (Armenia) corporate loan portfolio last year amounted to 86.2 billion drams

Business

The Russian-owned VTB Bank (Armenia) said it outstanding corporate loans portfolio last year amounted to over 86.1 billion drams. The bank said this figure represents successful implementation of its business plan.

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18:23 Armenia’s national air company Armavia owes about $5.536 million to Armenia’s international airport Zvartnots

18:21 Israeli airline Arkia to operate flights between Tel Aviv and Yerevan from June

18:03 Prince Charles to visit Armenia May 28-30

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Business

Business

Business

Business

22/05 VTB Bank (Armenia) equipped its branches with devices reading ID card data

21/05 Ameriabank sets amd 5-50 mln lending to SME not charging for loan application

21/05 Director: Ameriabank’s retail portfolio believed to grow 15% to over $80 million in 1st h 2013

21/05 VTB Bank (Armenia) and visa launch “Summer with VTB” campaign

21/05 Ameriabank revises terms of issuing plastic cards and reduces their maintenance prices

21/05 Andrey Ponomarev takes helm of ArmenTel’s fixed business

17/05 Armenian and Russian cadastres sign memorandum of understanding

17/05 Coca-Cola Armenia targets 40б mln. liters sales in 2013

17/05 Ameriabank first Armenian bank to get right to confirm letters of credit

15/05 E-Commerce turnover of Areximbank – Gazprombank Group totalled around 50 mln drams in 4 months

14/05 Nearly 6 million euros invested in Armenia’s SME over 10 years as part of EBRD business advisory services

14/05 April performance results finalized by South Caucasus railway

08/05 Creditor banks agree to write off penalties and fines of Armavia

03/05 Introduction of turnover tax affects small and medium-sized businesses

03/05 South Caucasus Railways discuss results of spring inspection of the facility

03/05 Shengavit and 2 mini branches of VTB Bank (Armenia) re-open

02/05 President of Rasia FZE presents brief summery of southern railway Armenia and southern high speed road of Armenia projects

02/05 Factoring for ceded liabilities rose by 36% in Ameriabank in Q1

30/04 Ardshininvestbank’s assets grow 23.8% to AMD 198.5 Billion in 2012

30/04 VTB Bank (Armenia) corporate loan portfolio last year amounted to 86.2 billion drams

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