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 »

 

Air Armenia is returning

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«Air Armenia» is returning to the market despite being recognized as a bankrupt last year. The Court of General Jurisdiction of Kentron and Nork Marash Administrative Districts has confirmed the airline company rehabilitation plan.

“The plan presented by us was approved at the meeting of creditors, and then confirmed by the court. I think we will return to the market already in summer,” the company spokesman Sirak Hambartsumyan told Armenian News – NEWS.am correspondent.

Ecotourism Festival 2016 Planned in Vayots Dzor region

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The communities of Gomk and Mirtiros in the Vayots Dzor province are planning to host Armenia’s first-ever ecotourism festival June 4-5, Vazgen Galstyan, the Chairman of the Jermuk Development Center NGO, told media Wednesday. The proposed festival is intended to raise eco-tourism awareness as well as development of the industry in the province.

Armenia To Scrap 20% Car Tax After Eurasian Union Warning

avtomeqena-harker

iting trade rules set by the Eurasian Economic Union (EEU), the Armenian government moved on Thursday to abolish a 20 percent tax levied from cars imported from Russia and other EEU member states.

The decision came two weeks after a senior official from the Russian-led bloc’s executive body, the Eurasian Economic Commission, publicly said that Armenia should have abolished value-added tax (VAT) for such cars when it formally joined the EEU in January 2015. Subsequent reports in the Armenian press said that Yerevan is reluctant to scrap the tax because that would lose it millions of dollars in annual state revenue.

Eurozone Economy Grows, but Total Output Still Lags 2008

catalunya-espana

Europe is still trying to crawl back to where it was in 2008. NYTimes

That was the subtext of the economic data for the eurozone published on Friday.

The 19-country eurozone, the core of Europe’s economy, grew at an annual rate of 1.1 percent in the last quarter of 2015. But total economic output remained just slightly lower than when the global economic crisis began, in 2008.

Brazilian soldiers deployed to warn of risks

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More than 220,000 soldiers are being deployed across Brazil to warn people about the risks of the Zika virus.
Brazil is at the centre of an outbreak of the virus, which has been linked to a surge in babies being born with underdeveloped brains.