Subscribe to our newsletter
California Senate passes California-Armenia Trade Office bill
SB 302 has Senator Scott Wilk (R- Santa Clarita) as a principal co-author and its co-authors are senators Melissa Hurtado (D-Sanger), Scott Winer (D-San Francisco), Henry Stern (D- Calabasas), as well as State Assmebly members Autumn Burke (D- Inglewood) and Evan Low (D-Silicon Valley).
Armenia, Italy to cooperate to improve control in criminal investigation
Chairman of SRC Davit Ananyan emphasized the importance of the cooperation between the two countries and pointed out that active cooperation with the tax administrations of leading countries is among the focal areas of the committee’s strategy, which helps identify challenges and work effectively to improve
Tickets now on sale for World UT Congress 2019 in Yerevan
Discounted rates are available for members of the Union of Advanced Technology Enterprises (WCIT 2019 organizer), members of the World Information Technology and Services Alliance (WCIT founder), and local Armenian participants
IMF approves S$248.2 million stand-by arrangement for Armenia
The Armenian authorities have indicated that they will treat the arrangement as precautionary, and do not intend to draw on the new SBA unless shocks generate balance of payments needs. In addition to providing insurance against shocks, the arrangement will support the authorities’ efforts to strengthen the economic fundamentals and policy frameworks. It will also help effective implementation of structural reforms, particularly relating to governance and improving business climate.
Armenia as a financial hub: President Sarkissian meets IMF chief
The parties exchanged views on the possibilities for broadening the existing cooperation and underscored that there is a great potential to do it. Noting that our country has a mature banking and financial systems, President Sarkissian spoke of the concept to make Armenia a financial hub and opportunities to achieve it.
Chinese company planning to launch production of elevators in Armenia
Representatives of Ganergy Heavy Industry Group revealed their interest in Armenia’s industry sector, financial and investment opportunities. The head of MZTL company has expressed willingness to launch production of elevators in Armenia. For this purpose the company is planning to transport a small number of elevators for assessment.
Armenian alcoholic drinks presented at Diplomats Wine Extravaganza festival in The Hague
Armenia’s Ambassador to the Netherlands Tigran Balayan expressed gratitude to the leadership of the Royal Beverages Group – the importer of the beverages – for properly furnishing the Armenian pavilion and presenting the Armenian products.
World Bank provides EUR 13.4 million for Improvement of Armenia’s Rural Roads Network
Despite visible improvement in the last decade, about 40 percent of the roads in Armenia remain in poor condition, and one-third of the rural population lacks access to an all-weather road. There is still a significant investment backlog for rehabilitation and maintenance in the country.
Hackers steal $40 million worth of Bitcoin from Binance exchange
The company will use its Secure Asset Fund for Users, an emergency insurance fund, to cover the incident in full and no user funds will be affected, it said. The transaction was limited to Binance’s BTC hot wallet, which contains about 2 percent of the company’s Bitcoin holdings, according to the post. Other wallets are secure and unharmed, the exchange said.
USAID to provide $7.5 million for more competitive private sector in Armenia
Programs will facilitate innovation across multiple industries, enhance the skills of industry workforce, and improve the business enabling environment. Activities will also help improve key infrastructure services, such as energy and water, vital for enterprise growth and development.
Delegation of French Dassault Systemes due in Armenia to discuss joint projects
The representatives of the company will hold meetings with the President of Armenia Armen Sarkissian, Secretary of the Security Council Armen Grigorian, will visit the Yerevan State University, French University of Armenia, Aib school, Quant college, Synopsis Armenia company, TUMO center of creative technologies, PicsArt and BetConstruct companies. They will also meet with the representatives of the information technologies companies. During the meeting, the parties will discuss possibilities of implementing in Armenia of joint programs and projects.