Armenian | News

In podcast interview, the Israeli prime minister was asked whether he recognized the Armenian genocide, replying: 'I just did it'

Ucom announces the completion of the first phase of its 5G network rollout, now operational in nine Armenian cities: Aparan, Artik, Charentsavan, Dilijan, Gyumri, Spitak, Stepanavan, Vanadzor, and Tsaghkadzor. The 5G launch marks a significant milestone in Ucom's regional infrastructure modernization program, designed to offer faster speeds and a more reliable connection to subscribers. 5G technology enables quicker and more efficient data transmission, improving the digital experience for users. "The launch of the 5G network is a major step toward a new digital reality at the heart of our company’s vision. Our aim is to deliver the best digital experience with even faster internet and increased capacity for handling larger data volumes. We understand that 5G is more than just fast internet – it is a crucial driver that will unlock new opportunities for innovation and economic growth in Armenia," said General Director of Ucom, Ralph Yirikian. The new high-speed network is accessible to all subscribers of prep...

Tobacco cultivation in Armenia began in the early 19th century, and the Yerevan Tobacco Factory was established in 1924.  In 1977, the Yerevan Tobacco Factory was reorganized and renamed «ARMTABAKPROM» - the tobacco production enterprise of Armenia, the traditions of which are now continued by «Grand Tobacco» (1997) and «International Masis Tabak» (2002) companies, founded by Hrant Vardanyan. With the establishment of these companies, the revival of the Armenian tobacco production began. Since 2012, the companies of “Grand Holding” have been managed by Hrant Vardanyan’s sons – Mikael and Karen Vardanyan. According to the annual reports, ever since 2007 «Grand Holding» has been the leading taxpayer, the largest exporter and the biggest employer of the Republic of Armenia in the field of production. According to Mikayel Vardanyan, the «Grand Holding» companies now offer a wide range of high-quality cigarettes, which are competitive in international markets, and thanks to it the production and export volumes hav...

The European Bank for Reconstruction and Development (EBRD) and Ameriabank have signed an agreement enabling Ameriabank to attract trade finance funding from the EBRD in Armenian Drams. This is the first and so far the only agreement of this kind signed by EBRD to date in Armenia. This collaboration aims to enhance Ameriabank's capacity to support local businesses engaged in international trade by ensuring access to stable and localized funding solutions. Under this arrangement, the EBRD will facilitate trade finance transactions denominated in Armenian Drams, thereby mitigating foreign exchange risks and enhancing financial predictability for businesses involved in import and export activities financed by Ameriabank. By leveraging their combined expertise and resources, the EBRD and Ameriabank aim to foster economic growth and resilience within the region. “For over a decade, Ameriabank has pioneered new trade finance opportunities and solutions in the Armenian market, and the invaluable support of EBRD, the...

Ucom and the Armenian National Olympics Committee signed a cooperation agreement, making Ucom the main sponsor of the Armenian national team at the Summer Olympics. This marks the third time Ucom has sponsored Armenia's participation in the Olympics. The 33rd Summer Olympics will take place in Paris from July 26 to August 11. Fifteen athletes from our team will represent Armenia in Olympic shooting, weightlifting, athletics, wrestling, boxing, and gymnastics. “The Olympics are the world’s main sporting event, followed by millions of people worldwide, including Armenians. We are happy that thanks to Ucom, the Armenian viewer will be able to watch our athletes' performances and witness their brilliant victories. This is a great honor and joy for all of us”, mentioned General Director of Ucom Ralph Yirikian. "These Summer Olympic Games are not just another Olympic Games for us; they are a significant occasion. Given our current situation, our people need victory. Our athletes have taken it upon themselves to bri...

Ukrainian Foreign Minister Dmytro Kuleba and his Armenian counterpart Ararat Mirzoyan at a meeting on Saturday discussed ways to deepen bilateral ties between Ukraine and Armenia.

Israel's Foreign Ministry says it has summoned the Armenian ambassador for a “stern reprimand” following the country’s announcement that it will recognize the state of Palestine. Armenia is the latest country to make such an announcement since the start of Israel’s war against Hamas following the terror group’s October 7 attack — following Slovenia, Ireland, Spain and Norway’s moves earlier this year. Israel has weighed how to react to the measures, and has reportedly proposed downgrading ties with the nations in question.

A statement by Ruben Vardanyan’s family. "Yerevan, May 17, 2024 - The Azerbaijani court has once again extended the pre-trial detention of Ruben Vardanyan, Armenian philanthropist, and former State Minister of Artsakh, who has been illegally detained in Baku since September 27, 2023. For eight months, the Azerbaijani authorities have flouted international law and human decency by keeping Ruben incarcerated without trial and without any proper process. They still refuse to say when any proper trial or hearing will take place on their so called charges. This decision to extend his detention by another five months without any due process is another gross violation of his basic human rights. While the international pressure on Azerbaijan continues to grow through the European Parliament resolution, US congress sanction bill and the French Senate resolution, we, the Vardanyan family, call on representatives of the international community - government, business and civil society - to demand for Ruben's unconditiona...

The Armenian Premier Football League has reached the halfway mark of the Championship. With 12 rounds remaining, however the competition promises to intensify until the end of the season. This year, Yerevan's "Noah" has emerged as a contender in the championship race, debuting with a brand-new team. Currently, after 24 rounds, "Pyunik" leads the table with 52 points, closely followed by "Noah" in second place with an equal number of points. Tert.am recently interviewed the club's president, Vardges Vardanyan, discussing the club's goals, challenges facing Armenian football, and other pertinent topics. - Mr. Vardanyan, how did you decide to venture into Armenian football? As a businessman, I've always sought avenues to channel generated resources towards creating significant value through corporate social responsibility initiatives, philanthropy, church building, and supporting educational programs. In this context, I have always had a desire to contribute to the development of Armenian sports. Football, with ...

Byblos Bank Armenia has supported the Armenian translation and publication of American business consultant Clayton M. Christensen’s bestseller, "The Innovator's Dilemma", by Antares Publishing House, as part of the Bank’s commitment to support educational projects. "Why is success so difficult to sustain?" Christensen sought to answer this and many other questions in one of the most important books chronicling how innovation takes place. "The Innovator's Dilemma" weighs in on sustaining and disruptive technologies, explains why established companies begin to decline, and offers simple solutions aimed at meeting the expectations of dissatisfied or neglected customers.  The Armenian edition of the book was unveiled at a presentation on February 28, which was attended by the representatives of the Bank and Antares Publishing House, as well as by booklovers and readers. Antares CEO Armen Martirosyan laid out the key messages of the book and curated a Q&A session with the guests. Byblos Bank Armenia CEO Hayk Stepa...

The shop has been around since 1949. Interestingly, it is located in the Christian Quarter rather than the Armenian sector.

  This coming April will mark the 109th anniversary of the Armenian genocide by the Turks, for which, Turkey's current president, Recep Tayyip Erdoğan, refuses to assume responsibility. This date will almost simultaneously also mark 76 years of Israel's embarrassing efforts to evade formal recognition of this genocide.  And right now, we are commemorating another […]

As part of a reportedly calculated escalation by Israel's senior political leadership against Turkey, Israeli foreign minister recognizes that 'Turkey committed the Armenian genocide' in a tweet