The governments of Armenia and Russia have signed an agreement on “technical and financial cooperation” in building a new energy unit at Armenia’s aging nuclear power plant set to be decommissioned in several years.
The administration of a large chemical plant in Yerevan have pledged to clear their wage arrears to nearly 3,000 staff workers who have not received remuneration for at least two months.
A prominent opposition figure announced his retirement from politics on Tuesday, citing growing disagreements with the main opposition Armenian National Congress (HAK), of which his Hanrapetutyun (Republic) is a key member.
The Armenian government will likely delay by several years the decommissioning of the nuclear power station at Metsamor due in 2016-2017, a senior official told RFE/RL’s Armenian service on Friday.
Armenia’s economic recovery will slightly slow down in the second half of this year and result in a full-year GDP growth of up to 6.2. percent, the Armenian Central Bank said on Thursday.
Opposition leaders in Yerevan expressed serious concern on Tuesday at renewed speculation about the privatization of a key pipeline in neighboring Georgia supplying Russian natural gas to Armenia.
The price of bread in Armenia looked set on Friday to soar further following the Russian government’s decision to ban all grain exports because of a severe drought that has devastated crops across Russia.
The recently appointed governor of Armenia’s southern Ararat region on Tuesday denied his predecessor’s allegations that he has arbitrarily fired local government employees at the behest of the national police chief, Alik Sargsian.
Nagorno-Karabakh President Bako Sahakian on Friday said the war with Azerbaijan is unlikely to resume soon and again ruled out any peaceful settlement that would place his disputed territory back under Azerbaijani control.
The prices of bread and flour in Armenia have risen by roughly 20 percent in recent days as a result of the Armenian government says is a significant decrease in global wheat output expected this autumn.
ArmRosGazprom (ARG), the Russian-dominated national gas distribution company, remains Armenia’s number one corporate taxpayer, having paid over 10 billion drams ($27 million) in various taxes and duties in the first half of this year.
A key party aligned with the main opposition Armenian National Congress (HAK) on Wednesday strongly denied stifling dissent within its ranks and ostracizing a prominent member critical of its de facto top leader, former President Levon Ter-Petrosian.
A slump in agricultural production slowed Armenia’s economic growth last month, but it still came in at a solid 6.7 percent in the first half of this year, according to government statistics released on Tuesday.
Armenia began on Monday the first round of negotiations with the European Union over an “association agreement” that would significantly upgrade its political and economic ties with the bloc.
The World Bank announced on Friday the release of a fresh $40 million loan designed to finance the reconstruction and repair of some 430 kilometers of rural roads across Armenia.
The former governor of Armenia’s southern Ararat region on Thursday attributed his surprise resignation to a criminal case against his son which he claimed was “fabricated” by Alik Sargsian, the chief of the national police.
Foreign Minister Edward Nalbandian insisted on Wednesday that the Armenian and Azerbaijani presidents did receive a freshly amended international plan to resolve the Nagorno-Karabakh conflict at their most recent meeting in Russia last month.
The presidents of Armenia and Azerbaijan avoided holding more face-to-face talks on the sidelines of an informal summit of seven former Soviet republics held in Yalta, Ukraine over the weekend.
President Serzh Sarkisian has formally appointed a new minister of labor and social affairs nominated by the Prosperous Armenia Party (BHK), a junior partner in his governing coalition.
Armenia is seeking as much as $1 billion in loans from China to finance the construction of a railway that would link it with neighboring Iran, Transport and Communications Minister Manuk Vartanian said on Monday.
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