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Friday, 24 March 2017

Karen Karapetyan: “EITI standard is in tune with the Government’s open and transparent policy”

Prime Minister Karen Karapetyan attended today an event dedicated to Armenia’s becoming a candidate member of Extractive Industries Transparency Initiative (EITI). The event was hosted by the Government of Armenia and supported by the US Agency for International Development-implemented “Improved mining sector transparency” program. “This is the beginning of a new process for Armenia, aimed at making one of the most important sectors of the economy, the mining... more »

Friday, 24 March 2017

Prime Minister Karen Karapetyan to Pay Official Visit to Turkmenistan

On March 27, a government delegation led by Prime Minister Karen Karapetyan will be off to Turkmenistan for a two-day official visit. The Prime Minister is scheduled to meet with Turkmen President Gurbanguly Berdimuhamedov, Deputy Cabinet Heads Yaghshigeldi Kakayev and Dadebay Amangeldiyev in Ashgabat to discuss topical issues of Armenian-Turkmen cooperation.  

Friday, 24 March 2017

PM Receives European Investment Bank Vice President

Prime Minister Karen Karapetyan received European Investment Bank (EIB) Vice President Vazil Hudák. The meeting was attended by Head of EU Delegation to Armenia, Ambassador Peter Switalski. Welcoming the guests, the Prime Minister said to be highly appreciative of the ongoing cooperation aimed at implementing joint projects in energy, transport, agriculture and tourism sectors. The Premier highlighted EIB’s collaboration with the private sector in Armenia, noting that his... more »

Thursday, 23 March 2017

Karen Karapetyan Familiarized with Grand Candy’s Development Projects

Prime Minister Karen Karapetyan visited today Grand Candy Company. The Head of Government toured the premises getting familiar with the technology and production conditions in place. The Prime Minister was briefed on Grand Candy’s main performance indicators and future plans. The proceeds of sales stood at AMD 23 billion in 2016. Exports rose to 1430 tons of confectionery due to a USD 9 million-worth investment last year. The company employs 3 thousand workers, with an ever growing... more »

Thursday, 23 March 2017

PM instructs to speed ip Syunik Marz FEZ establishment process

Chaired by Prime Minister Karen Karapetyan, a consultative meeting was held today in the Government to discuss issues related to the establishment of a free economic zone (FEZ) in Syunik Marz of Armenia. Minister of Economic Development and Investment Suren Karayan said that following discussions held with the representatives of the RA Chamber of Commerce and Syunik Free Economic Zone LLC, it was decided to set up a Syunik FEZ organizing company. Karen Karapetyan was provided details... more »

Thursday, 23 March 2017

PM instructs to deal with the problem of unemployment, especially female unemployment in Lori Marz

A regular Cabinet meeting was held today, chaired by Prime Minister Karen Karapetyan. Before proceeding to the agenda, the Prime Minister gave a number of instructions. Evoking his recent trip to Lori Marz, the Prime Minister said to have seen many opportunities to create new jobs in the Marz, especially for women, and went on to advise that that a relevant instruction has been given to Minister of Economic Development and Investment Suren Karayan. The Prime Minister said that there... more »

Thursday, 23 March 2017

KPMG to Present Armenia’s Investment Environment in International Arena

Attended by Prime Minister Karen Karapetyan, a memorandum of agreement was signed between the RA Ministry of Economic Development and Investment and KPMG. The Memorandum was signed by Minister of Economic Development and Investment Suren Karayan and KPMG Russia and CIS Partners Board member Victor Akulyan. According to the Memorandum, KPMG shall provide information materials on Armenia’s investment and business environment to be presented at different international platforms.... more »

Wednesday, 22 March 2017

Karen Karapetyan briefed on enterprise development plans in Ararat Marz

Prime Minister Karen Karapetyan paid a working visit to Ararat Marz. Karen Karapetyan first called at International Masis Tabak, where he was introduced to the company’s manufacturing activities, tobacco processing process, the production of cigarette packs and labels. The company employs 580 people with an average salary of 140 thousand drams. 8.5 million tons of tobacco raw materials were harvested from 705 hectares of cultivated land in Armenia and Artsakh throughout 2016 resulting... more »

Wednesday, 22 March 2017

“Our ultimate goal is to provide normal living conditions for all citizens in each community of Armenia” - PM travels to Shirak Marz

Prime Minister Karen Karapetyan paid a working visit to Shirak Marz of Armenia. The Prime Minister first laid a wreath at the memorials to Armenian Genocide victims and Great Patriotic War heroes. The Prime Minister called at Mets Mantash, Pokr Mantash, Saralanj, Nahapetavan and Horom communities to discuss the problems faced by their residents. The Premier answered the questions raised during the meetings, which specifically bore on welfare, community infrastructure, lending conditions,... more »

Tuesday, 21 March 2017

Karen Karapetyan Meets with EBRD, Amber Capital Representatives to Discuss New Fund’s Activities

Prime Minister Karen Karapetyan received the representatives of the European Bank for Reconstruction and Development and Amber Capital Company. The meeting focused on the activities of the private equity fund to be established by the Government of the Republic of Armenia and the European Bank for Reconstruction and Development, which will be managed by Amber Capital according to the preliminary results of the tender announced for the selection of a manager. In particular, reference was... more »

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