State regulators approved on Friday another sharp increase in the retail prices of natural gas sought by Armenia’s national gas distribution company, ArmRosGazprom (ARG).
The International Monetary Fund (IMF) deems that targeted subsidies, if administered correctly, would be an appropriate policy response to the increase in gas prices expected in Armenia in April.
The current head of the Organization for Security and Cooperation in Europe (OSCE) expressed “cautious optimism” about prospects of reaching peace in the protracted Armenian-Azerbaijani conflict over Nagorno-Karabakh as he was visiting Yerevan as part of his regional tour on Tuesday.
ArmRosGazprom (ARG), the Russian-dominated national gas distribution company, has become Armenia’s number one corporate taxpayer despite reporting a sizable drop in its profits last year.
Former President Robert Kocharian visited Iran this week in a private capacity even though he was invited by the Iranian government, official Yerevan said on Friday.
The internationally backed efforts to normalize Armenia’s relations with Turkey could end in failure soon, Foreign Minister Edward Nalbandian said on Friday, accusing Ankara of obstructing the process with preconditions and “artificial” claims. (UPDATED)
An outspoken opposition lawmaker has been controversially excluded from the Armenian delegation at the Council of Europe Parliamentary Assembly (PACE) where she has strongly criticized the Armenian authorities’ human rights record.
Armen Gevorgian, Armenia’s deputy prime minister close to former President Robert Kocharian, on Friday denied having extensive business interests and expressed his desire to join President Serzh Sarkisian’s Republican Party (HHK).
Russian Foreign Minister Sergei Lavrov reaffirmed Moscow’s support for an unconditional normalization of Turkish-Armenian relations and discussed the Nagorno-Karabakh peace process with Armenian leaders during a visit to Yerevan on Thursday.
A pro-government candidate won a weekend by-election to Armenia’s parliament amid fraud allegations made by representatives of his arrested opposition challenger and some independent monitors.
Finance Minister Tigran Davtian insisted on Tuesday that Armenia is emerging from its worst economic recession with minimal losses, downplaying a sharp decline in its Gross Domestic Product registered this year.
Prime Minister Tigran Sarkisian pledged on Friday to crack down on wealthy and presumably corrupt state officials, saying that will be a key element of his drive to strengthen the rule of law in Armenia.
The Armenian government largely endorsed on Thursday a controversial bill that would decriminalize libel but impose heavier fines on mass media found guilty of such offences.
The Armenian government will likely prevent a further surge in the basic utility prices next year despite the increased cost of natural gas imported from Russia, Energy Minister Armen Movsisian said on Tuesday.
The Armenian government moved on Thursday to obtain yet another large-scale foreign loan which it hopes will help the country overcome the ongoing economic crisis.
The opposition Armenian National Congress (HAK) should resume its campaign for leadership change in Armenia in the near future, a key ally of its top leader Levon Ter-Petrosian said on Thursday.
International mediators visited Baku on Friday to start preparations for more talks between the Armenian and Azerbaijani presidents which they hope will lead to a framework peace accord on Nagorno-Karabakh next year.
Authorities in Armenia have allowed Nikol Pashinian, a prominent opposition leader and newspaper editor, to stand in an upcoming parliamentary by-election while being under arrest and on trial on charges stemming from last year’s post-election violence in Yerevan.
Armenia is learning the right lessons from its ongoing recession and should respond to it with radical reforms in order to return to the path of robust economic growth, a senior World Bank official said on Friday.
The Armenian authorities insisted on Thursday that a special state fund set up by earlier this year is succeeding in facilitating mortgage lending to the population and thereby bolstering a key sector of the national economy.
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