In a significant downward revision of its earlier projections, the World Bank said on Tuesday that economic growth in Armenia will likely slow to just under 1 percent this year due to spillover effects of a recession in Russia.
Member states of the Eurasian Economic Union (EEU) have a long way to go before introducing a common currency suggested by Russian President Vladimir Putin, an official from the Russian-led bloc’s executive body said on Monday.
Armenian exporters of agricultural products, processed foodstuffs and beverages to Russia are incurring growing losses because of the dramatic depreciation of the Russian ruble, an Armenian business association said on Friday.
An Armenian parliamentary inquiry has confirmed that President Serzh Sarkisian’s government secretly subsidized the price of imported Russian natural gas ahead of Armenia’s last parliamentary and presidential elections, opposition lawmakers said on Thursday.
Armenia has made only “limited progress” in improving its human rights record, strengthening the rule of law and democratizing its political system over the past year, the European Union said on Wednesday.
The French ambassador in Yerevan, Jean-Francois Charpentier, on Monday spoke of “quite positive” atmosphere in ongoing consultations on a new agreement to deepen Armenia’s relations with the European Union.
President Serzh Sarkisian has raised concerns with his Russian counterpart Vladimir Putin about large-scale sales of Russian weapons to Azerbaijan, a leading member of the ruling Republican Party of Armenia (HHK) said on Friday.
The European Union and Armenia are poised to start official negotiations on a new agreement to deepen their relations, Foreign Minister Edward Nalbandian said on Wednesday after talks with a senior EU official visiting Yerevan.
An ethnic Turk leading a major German political party urged Turkey to unconditionally establish diplomatic relations and open its border with Armenia as he ended a visit to Yerevan on Monday.
Armenia has no plans nor has conducted any negotiations on a single Eurasian Economic Union (EEU) currency, a Central Bank official said on Wednesday, reacting to Russian President Vladimir Putin’s statement on the possibility of a monetary union.
Private remittances to Armenia fell by more than 40 percent in January as compared to the same period last year, according to the Central Bank.
President Serzh Sarkisian’s Republican Party of Armenia (HHK) has reaffirmed its intention to stay in power for the next decade after successfully neutralizing the country’s largest opposition force.
President Serzh Sarkisian is pressing ahead with a controversial constitutional reform that would transform Armenia into a parliamentary republic, parliament speaker Galust Sahakian said on Thursday.
Armenia and the European Union have still not started official negotiations on a new agreement to deepen their relations not contradicting Yerevan’s recent accession to a Russian-led alliance, a senior Armenian official said on Wednesday.
A prominent Armenian opposition politician said on Tuesday that he will help to set up a new electoral alliance that will strive for Armenia’s withdrawal from the Russian-led Eurasian Economic Union (EEU) and closer ties with the West.
Armenia warned Azerbaijan of “severe consequences” on Monday after two Armenian soldiers were killed in Nagorno-Karabakh in what appears to be a renewed upsurge in fighting in the conflict zone.
Armenia’s major opposition parties remain vague on their immediate steps after Prosperous Armenia, admittedly the most influential of them, came under huge government pressure earlier this month.
Armenian tax officials are still inspecting the businesses of embattled political party leader Gagik Tsarukian, a senior government member confirmed on Thursday.
Armenia is conducting negotiations with Russia for the price of natural gas not to be raised in the near future, the chief of a state regulatory body has told Armenian lawmakers.
Armenian Defense Minister Seyran Ohanian has put down the relative calm recently observed at the border with Azerbaijan as well as around Karabakh to improved observation systems put in place by Armenian armed forces.
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