Thursday, May 15 2025,
ArmInfo. On May 15, 2025, the full-fledged Free Trade Agreement between the Eurasian Economic Union and its member states, on the one hand, and the Islamic Republic of Iran, on the other hand, entered into force. This was reported by the press service of the Eurasian Economic Commission.
|
Thursday, May 15 2025,
ArmInfo. The Armenian authorities want to increase the efficiency of managing available resources in order to develop the country's military-industrial complex. At an extraordinary session of the National Assembly of the Republic of Armenia (NA), the draft amendments to the law "On the military-industrial complex" submitted by NA deputies from the ruling Civil Contract faction Trdat Sargsyan and Armen Khachatryan are being discussed in the first reading.
|
Thursday, May 15 2025,
ArmInfo. The Armenian government is expanding the agricultural machinery leasing support program. The decision was made on May 15 at a regular meeting of the Cabinet of Ministers.
|
Thursday, May 15 2025,
ArmInfo. On May 15, the Government of Armenia approved the proposal to sign a letter of agreement (M6 Vanadzor-Bagratashen).
|
Thursday, May 15 2025,
ArmInfo. On May 15, the Government of Armenia rejected the application submitted by Capital Markets International Data LLC for inclusion in the register of operators of the Ecos free economic zone for carrying out activities in the field of high and information technologies, in particular, the comprehensive collection, analysis and coordination of data on financial market instruments.
|
Thursday, May 15 2025,
ArmInfo. Inecobank will receive $15 million under the EBRD Green Economy Financing Facility. The loan will be used to support small businesses and corporate clients in investing in green technologies.
|
Thursday, May 15 2025,
ArmInfo. Intensive development of solar energy in Armenia is not a problem in itself, the problem arises when it is done without technical calculation, without a long-term market strategy, says energy expert, Doctor of Political Sciences Vahe Davtyan.
|
Thursday, May 15 2025,
ArmInfo. As part of the Economic and Investment Plan for Armenia, the EU plans to mobilize 2.36 billion euros to support economic diversification. This was stated by the head of the EU Delegation to Armenia Vassilis Maragos.
|
|
|
Wednesday, May 14 2025,
ArmInfo.Evocabank will receive a EUR 19.4 million financial package from the European Bank for
Development and Reconstruction (EBRD) to support local MSMEs and large enterprises.
|
Wednesday, May 14 2025,
ArmInfo.The European Bank for Reconstruction and Development (EBRD) is expanding its cooperation with Ameriabank - a EUR 50 million Risk Sharing Framework agreement was signed. As noted in the EBRD press release, this Risk Sharing Framework (RSF) agreement was signed in London by Francis Malige, the EBRD's Managing Director for Financial Institutions, and Hovhannes Toroyan, Ameriabank's CFO, on the sidelines of the EBRD's 2025 Annual Meeting and Business Forum 2025.
|
Wednesday, May 14 2025,
ArmInfo.The Public Services Regulatory Commission issued a permit today for the operation of the
industrial solar power plant "Masrik 1" with a capacity of 55 MW. On May 14, Mesrop Mesropyan, the head of the department, made this announcement during the presentation of the report on the activities of the PSRC in 2024.
|
|
|
Wednesday, May 14 2025,
ArmInfo. Russia is offering Armenia a wide range of nuclear power units - from large reactors to
small modular NPPs. Russian Ambassador to the Republic of Armenia Sergey Kopyrkin announced this during a meeting with the management of the Armenian Nuclear Power Plant on May 14.
|
Wednesday, May 14 2025,
ArmInfo. The investment program of Electric Networks of Armenia CJSC for 2025 is primarily focused on modernizing the most vulnerable nodes and substations. Mesrop Mesropyan, Chairman of the Public Services Regulatory Commission of Armenia, made this statement in the National Assembly on May 14.
|
Wednesday, May 14 2025,
ArmInfo. Electricity tariffs will remain unchanged in 2025, as stated by the Chairman of the Public Services Regulatory Commission of the Republic of Armenia, Mesrop Mesropyan, during the plenary session in the National Assembly on May 14, while presenting a report on the PSRC's work in 2024.
|
Wednesday, May 14 2025,
ArmInfo. The management of the Armenian Nuclear Power Plant does not have the authority to decide on the particular model of the new nuclear power unit; this decision falls under the jurisdiction of the government, as stated by the CEO of the plant Eduard Martirosyan during a meeting with the Ambassador of the Russian Federation Sergey Kopyrkin on May 14.
|
Wednesday, May 14 2025,
ArmInfo. Armenian Deputy Prime Minister Mher Grigoryan and Iranian Ambassador to Armenia Mehdi Sobhani discussed key issues regarding Armenian-Iranian bilateral relations at a meeting in Yerevan. As reported by the press service of the Armenian government, the interlocutors touched upon cooperation in energy, trade, and economic spheres, and also exchanged views on regional developments.
|
Wednesday, May 14 2025,
ArmInfo. Since 2025, the situation in the insurance market has started to change: premiums have increased, while compensation has decreased, leading to a significant rise in profits. This is evidenced by data from the Financial Rating of Insurance Companies of Armenia as of 31.03.2025, prepared by ArmInfo IC based on published financial reports and missing indicators requested from the insurance companies. In the first quarter of 2025, there was a notable slowdown in in the annual decline of insurance premiums to 7%, exceeding 20.9 billion drams (over $ 53.4 million). Compensations also saw a shift in dynamics, with a slight 0.2% decrease, amounting to 10.3 billion drams ($ 26.2 million). As a result, net profit experienced a significant turnaround, going from a 73% decline to an 82.3% growth, reaching 807.2 million drams ($ 2.1 million). The most impressive profit growth was provided by LIGA Insurance (3 times) and the new IC Efes (9 times). Both companies were able to eliminate losses and achieve a substantial positive level, contributing to an overall increase market profits. For comparison, in the first quarter of 2024, premiums and compensations had opposite trends - a 19% decline in the former was accompanied by a 43% growth in the latter, as a result of which net profit fell by 73%.
|
Wednesday, May 14 2025,
ArmInfo. The delegation of the State Revenue Committee (SRC) of Armenia, led by the Deputy Chairman Rafael Gevorgyan, participated in the fifth meeting of the Subcommittee on Customs Issues under the Comprehensive and Enhanced Partnership Agreement between Armenia and the European Union in Brussels.According to the press service of the SRC, the meeting covered legislative reforms in customs sphere, as well as the achievements and upcoming steps for digitalizing customs operations by both parties.
|