June 9, 2023 - 12:27 AMT PanARMENIAN.Net - The departure of Russian nationals (who arrived in Armenia after Russia launched a war against Ukraine in February 2022) may result in 5-10% decline in Armenia’s GDP, according to Alexei Kuznetsov, head of the Centre for Country Analysis at the Eurasian Development Bank (EDB), Arka.am r...
Read full story
June 8, 2023 - 12:41 AMT PanARMENIAN.Net - Amanda Freitag, a famous American chef, and star of the cooking TV show “Chopped”, visited Armenia on June 1-6 as part of the joint initiative of the Culinary Diplomacy Project and the U.S. Embassy. The Diplomacy Project aimed to promote a sustainable food value chain and culinary entre...
Read full story
June 5, 2023 - 13:27 AMT PanARMENIAN.Net - A major Armenian-American metallurgical plant with $70 million investment is under construction in the town of Yeraskh, Minister of Economy Vahan Kerobyan said on social media on Saturday, June3. “The plant is a 30-meter high structure with an area of 16,500 square meters, where the an...
Read full story
May 31, 2023 - 18:00 AMT PanARMENIAN.Net - From May 30 to December 30, customers can get IDBank's Visa Business Platinum payment card with a monthly service fee of AMD 3,000 or AMD 30,000 per year. This means that the premium class business card introduced for the first time in Armenia by IDBank can now serve your business on mo...
Read full story
May 30, 2023 - 15:27 AMT PanARMENIAN.Net - Minister of Economy Vahan Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion, which accounts for 5.13% of the country’s gross domestic product, RA Min while discussing the results of the 2022 budget ...
Read full story
May 23, 2023 - 18:24 AMT PanARMENIAN.Net - On May 19, Byblos Bank Armenia and Yerevan State University signed a memorandum of cooperation to establish a framework for the Bank to provide scholarships and tuition reimbursement to 15 high-achieving students. The project is being implemented as part of a series of events celebrati...
Read full story
May 18, 2023 - 12:06 AMT PanARMENIAN.Net - Famous French brandy master Olivier Chapt belives that not only years and barrels turn grape spirit into brandy: pure and transparent liquid must be continuously embraced in love and care, spoken to, and given emotions. According to Chapt, only years of patience and dedication can brin...
Read full story
May 17, 2023 - 16:51 AMT PanARMENIAN.Net - Armenia’s economic growth is expected to grow by 5% in both 2023 and 2024 – a revision of 1% and 0.2%, respectively, since February), the European Bank for Reconstruction and Development said in a fresh report on Tuesday, May 16. The EBRD said growth is expected to decelerate in easter...
Read full story
May 15, 2023 - 18:15 AMT PanARMENIAN.Net - Alongside branches located in Ararat and Armavir regions, Yerevan Brandy Company also has another one in the city of Berd, Tavush region. This year Berd branch of the company celebrates 20th anniversary of its foundation. 20 years ago, this branch was initially opened as a grape purcha...
Read full story
May 11, 2023 - 16:48 AMT PanARMENIAN.Net - Flynas, a Saudi low cost airline, will be launching direct flights from Saudi Arabia to Armenia in June, according to a statement from the Tourism Committee of Armenia. The matter was discussed at the meeting of the Head of the Tourism Committee of Armenia Sisian Boghossian and First D...
Read full story
