Tatra truck production to launch in Armenia

A Tatra truck production factory will be built in Armenia’s Kotayk province, according to a memorandum signed between Tatra Trucks and Zenon LLC, a top official from Gazprom Armenia said. Andranik Harutyunyan More »

Smart and Armenian: Armenia’s first smartphone goes on sale

The first smartphone made in Armenia, called the ArmPhone, went on sale this week. Various Armphone models were unveiled during a kick-off celebration on Monday held as part of a marketing campaign More »

Week of Economic Opportunities Exhibition in Yerevan

To support the economic integration of Syrian refugees in Armenia, GIZ EISRA organises the  business forum “Week of Economic Opportunities (WEO)” on 19-22 May 2016 at Yerevan Expo to promote entrepreneurship, job More »

PicsArt receives USD 20 million funding

According to Techcrunch, PicsArt will allocate the received sum to grow the startup’s user base in China and Japan.   Although PicsArt doesn’t reveal how many users it has in Asia, the More »

 

USD market average rate totals AMD 421,58 September 6

USD

Deals amounting to AMD 1,44 mln. at an average rate of AMD 412,79/USD1 were concluded at NASDAQ OMX Armenia on September 6. The closing price totaled AMD 412,45.

The market average rate of USD totaled AMD 421,58 on September 6, increasing by 3.20 point compared to September 5, exchange rate of euro totaled AMD 519,35, increasing by 4.30 point while the rate of Russian ruble increased by 0.10 point to total AMD 12,78, CBA press service reported.

Armenia first on industry growth in CIS

CIS

Armenia occupies the first place among the CIS states on industry growth according to the seven months results of this year.

The industry growth in Armenia from January to July made 13.4 percent, in Tajikistan 12 percent, in Belarus 8.6, in Uzbekistan 7, in Russia 3.2, and 0.2 percent in Ukraine, the CIS Interstate statistical committee reports. 

Armenia interested in attracting private investments in energy sector – PM

energy industry

Armenian Prime Minister Tigran Sargsyan met with a German delegation led by Commit Group president Gerrit Schmitter.

During the meeting, the parties focused on the possibility of investing in Armenia’s energy sector, with Prime Minister briefing the guests on energy-related programs.