The Armenian government has asked authorities in Russia to lower the price of Russian natural gas delivered to Armenia, Prime Minister Hovik Abrahamian revealed on Saturday.
The European Bank for Reconstruction and Development (EBRD) said on Friday that its investments in Armenia, mostly channeled into the private sector, reached a record high of $140 million last year.
The chief U.S. negotiator in the Nagorno-Karabakh peace process has met with several members of the U.S. Congress to discuss specific measures against increased ceasefire violations in the Armenian-Azerbaijani conflict zone that are strongly advocated by them. (UPDATED)
Armenia’s information technology (IT) sector continued to grow rapidly in 2015, creating many new jobs and generating about 5 percent of Gross Domestic Product, according to government data.
Four years after declaring that its annual military expenditure has surpassed Armenia’s entire state budget worth about $3 billion, Azerbaijan reportedly plans to spend only $1.2 billion on defense and security in 2016.
President Serzh Sarkisian has praised Armenia’s macroeconomic performance in 2015, arguing that the domestic economy has continued to grow and the national currency has only slightly depreciated over the past year despite adverse external influences.
Defense Minister Seyran Ohanian thanked Russia for its “huge” military assistance to Armenia as the two allied countries formally set up a new Russian-Armenian air defense system on Wednesday.
Citing a continuing fall in inflation, the Central Bank of Armenia (CBA) on Tuesday cut its benchmark interest rate, raised sharply after last year’s depreciation of the Armenian dram, for a third time in four months.
The presidents of Armenia and Azerbaijan appear have made no progress during their latest face-to-face negotiations that were held in Switzerland on Saturday following a fresh upsurge of fighting around Nagorno-Karabakh.
A Russian-Armenian businessman who recently acquired Armenia’s troubled electricity distribution network has pledged to end its massive losses blamed for a series of tariff hikes that led to dramatic street protests in Yerevan this summer.
The opposition Armenian National Congress (HAK) on Thursday criticized Western powers for not explicitly challenging the official results of Sunday’s disputed referendum on President Serzh Sarkisian’s constitutional changes.
The European Union and Armenia began on Monday official negotiations on a new deal which is expected to contain many political and economic provisions of the Association Agreement nearly signed by them two years ago.
Amid opposition allegations of serious fraud, Armenia’s Central Election Commission (CEC) said early on Monday that voters have backed sweeping constitutional changes which President Serzh Sarkisian’s political opponents claim could extend his rule.
Raising more questions about his long-term political plans, President Serzh Sarkisian has pointedly declined to explicitly reaffirm his earlier pledges not to remain in power after 2018 if he succeeds in transforming Armenia into a parliamentary republic.
Prime Minister Hovik Abrahamian urged Armenian food manufacturers on Tuesday to increase their exports to Russia as he discussed with them and senior government officials ways of capitalizing on Russian economic sanctions against Turkey.
In an unprecedented show of defiance, Henrikh Mkhitaryan and eight other key players of the Armenian national soccer team have strongly denied allegations by the embattled chairman of the Armenian Football Federation (AFF) that they or their teammates threw its last game.
Turkish Foreign Minister Mevlut Cavusoglu reaffirmed Turkey’s strong support for Azerbaijan and criticized the U.S., Russian and French mediators for failing to end the Nagorno-Karabakh conflict during a visit to Baku on Friday.
Opposition leader Levon Ter-Petrosian on Thursday appealed to President Serzh Sarkisian to freeze his controversial constitutional reform, citing new security rsisks facing Armenia as a result of mounting tensions in the Middle East.
Two Europe-based companies have expressed readiness to invest hundreds of millions of dollars in the construction of new thermal power plants in Armenia, according to the Armenian government.
Former President Robert Kocharian has again criticized the Armenian government, saying that President Serzh Sarkisian’s unexpected decision in 2013 to abandon a planned Association Agreement with the European Union seriously damaged Armenia’s international reputation.
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