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12.05.2015

Armenian cross placed underwater in Lebanon

An Armenian cross was placed 35 meters deep in the Mediterranean Sea on Sunday. The cross is dedicated to the memory of those Armenians who perished drowning in rivers and seas during the Armenian Genocide, escaping rape, abduction and torturous death by Turkish officers in 1915. The placement of the cross was organized under the patronage of Armenia's Embassy to Lebanon, the Armenian Genocide Centenary Central Committee of Lebanon, and His Holiness Nercess Bedros 19th Patriarch of the Arme...
09.05.2015

Sargsyan: Ancient Armenian fortress town of Shushi was liberated on this day

The President of Armenia, Serzh Sargsyan, on Saturday issued a congratulatory address on Victory and Peace Day. “Dear compatriots: “I cordially congratulate you on the occasion of Victory and Peace Day. “Today is a special jubilee day. It marks the 70th anniversary of the historic victory in the Great Patriotic War. It was the crushing blow of the multinational Soviet army that decided the outcome of the war in Europe in May 1945. “From fighting on the frontline and i...
08.05.2015

US dollar rate keeps going up in Armenia

YEREVAN. – The American national currency (USD) exchange rate against the Armenian dram (AMD) was AMD 481.39 $1 in Armenia on Wednesday, a 0.77 point rise as compared to the previous day. The exchange rate for one euro was AMD 539.78 (up by AMD 5.43), that of one British pound was AMD 730.75  (up by AMD 3.96), and the rate of one Russian ruble was AMD 9.61 (up by AMD 0.26), informed the press service of the Central Bank of Armenia. One gram of silver, gold, and platinum amounted to...
05.05.2015

1 Euro A Square Meter - Land In France

The mayor of a small village in Normandy is offering plots of land for just 1 euro a square meter - but only to those who promise to build a house and live there full time.  In total the village has put 4 civil owned plots of between 900 to 1,000 square meters up for sale. The mayor, Patrick Madeleine, is struggling to raise money to renovate the community hall and hopes the arrival of new families will raise municipal revenue. "We're in a period where money is short, with state g...
02.05.2015

Yerevan apartment buyers drop 34.5%

YEREVAN. – According to official data, the annual real estate purchase and sale transactions in Armenia have dropped by 30.6 percent, including 34.5 percent in capital city Yerevan, from January to March of the current year. But against the backdrop of the apartments’ mass offers, less number of apartments is purchased in the country. Such a sharp decline in demand should have led to price changes in the housing market. The official prices, however, are “apathetic” towa...
17.02.2015

The average monthly nominal salary in finance sector of Armenia in November rose by 1.3% to 373.6 thousand.

The average monthly nominal salary in the highest paying segment of the economy of Armenia - the financial and insurance activities, in November 2014 compared to November 2013 increased by 1.3% to 373,628 drams, according to the National Statistical Service of Armenia. The lowest paid spheres in Armenia became the scope of other services, where salaries amounted to about 107.6 thousand  AMD, the scope of the organization of accommodation and catering - 110.9 thousand AMD, culture, entertain...
12.02.2015

Ranking of Armenian banks’ loan portfolios for 2014

The aggregate loan portfolio of Armenia’s banks amounted to AMD 2 163 billion in 2014 after growing 21.2% over the year. ARKA News Agency’s analysis shows that Ameriabank, VTB Bank (Armenia), Ardshinbank, HSBC Bank Armenia and Armbusi nessbank were largest lenders among the country’s banks in 2014. These banks’ aggregate loan portfolio amounted to AMD 1 135.7 billion and made up 52.5% of the total lending of the country’s banks. Ameriabank, with its AMD 300.4...

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