Prime Minister Hovik Abrahamian has insisted that his government bears no responsibility for alleged corruption in Armenia’s troubled power distribution network which was widely blamed for a recent rise in the electricity prices in the country.
Riot police forcibly unblocked on Monday a central Yerevan avenue that has been the scene of a nonstop demonstration for the past two weeks against a controversial rise in electricity prices in Armenia.
More than 230 people were arrested in downtown Yerevan early on Tuesday as riot police broke up an overnight demonstration against rising electricity prices in Armenia on a street leading to President Serzh Sarkisian’s administration building.
The Armenian government announced on Wednesday plans to privatize the country’s state-owned national postal service employing thousands of people.
Law-enforcement authorities in Armenia said late on Wednesday that an unknown gunman opened fire on a car carrying Suren Khachatrian, the governor of the southeastern Syunik province notorious for violent conduct.
Prime Minister Hovik Abrahamian warned on Thursday government officials handling infrastructure projects financed by Armenia’s foreign donors to avoid misappropriating public funds or face prosecution.
Rising interest rates and stricter lending rules set by commercial banks after recent exchange rate fluctuations are dealing another blow to economic growth in Armenia which looks set to slow down considerably this year.
In what they called an effort stave off “mass disturbances,” Armenian law-enforcement authorities arrested on Tuesday five leaders of a hardline opposition group that plans to launch later this month nonstop rallies aimed at toppling President Serzh Sarkisian. (UPDATED)
A son-in-law of Gagik Tsarukian was appointed as governor of Armenia’s central Kotayk province on Thursday in a further sign of the former Prosperous Armenia Party (BHK) leader’s reconciliation with President Serzh Sarkisian.
The Armenian government on Thursday officially confirmed the sale of its second Eurobond and said it will finance its budget deficit and other spending programs and repay some of its external debt with $487 million raised from foreign investors.
In its most expensive ever borrowing operation reflecting the fallout from an economic crisis in Russia, the Armenian government has issued its second Eurobond worth $500 million at a yield of 7.5 percent.
The Armenian Revolutionary Federation (Dashnaktsutyun) will throw its weight behind President Serzh Sarkisian’s controversial constitutional reform only if it envisages Armenia’s transformation into a parliamentary republic, a leader of the opposition party said on Tuesday.
After years of growth, production of Armenian brandy and wine, major export items mostly sold in Russia, has decreased considerably in recent months due to the sharp depreciation of the Russian currency, the ruble.
The head of Armenia’s main military academy has been dismissed after four of its cadets were arrested and charged with murdering another student.
The Armenian army is strong enough to contain Azerbaijan and maintain the Nagorno-Karabakh status quo without Russia’s direct military intervention, Defense Minister Seyran Ohanian insisted on Tuesday.
The Armenian police tightened security around key government buildings and Russian facilities in Gyumri on Monday in an apparent anticipation of fresh protests against the slaughter of a local family blamed on a Russian soldier.
The International Monetary Fund renewed on Tuesday its calls for the Armenian authorities to speed up key reforms as it provided them with a fresh $17 million loan tranche designed to boost macroeconomic stability in the country.
Prime Minister Hovik Abrahamian urged Armenians on Monday to give his government more time to address socioeconomic problems facing the country, admitting that they were not alleviated in 2014.
Gagik Tsarukian will hold next month a conference that could shed light on the future of an ongoing anti-government campaign conducted by his Prosperous Armenia Party (BHK) and its opposition allies.
The Armenian authorities on Wednesday described as artificial and temporary the continuing weakening of the national currency, the dram, and insisted that it will not undermine the country’s financial system.
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