Armenian News - Tert.am
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Armenian News - Tert.am - 12:13 Nov 26, 2024
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The gala event of the CaseKey Business Case Competition 2024 sponsored by Byblos Bank Armenia took place from November 22-24 at the Dilijan Training and Research Center of the Armenian Central Bank. For the second year in a row, Byblos Bank Armenia served as the General Sponsor of the competition, which focuses on teaching practical knowledge. This year, the competition was held for the fourth time, with the continued support of the country’s Central Bank. At the beginning of the year, more than 200 students from Yerevan and regional universities were selected from nearly 600 applicants to complete an intensive six-month educational program, guided by both local and international mentors. Throughout the program, participants had the opportunity to engage in direct meetings with the heads of prominent Armenian organizations and take part in various socialization activities. Over the course of these months, the teams worked on two business cases, with the finalists focusing on a problem related to the developme... -
Armenian News - Tert.am - 07:34 Nov 26, 2024
With Ucom's support, SunChild NGO has installed a solar plant with a capacity of 10.44 kWh at Kindergarten No. 2 in the Malishka village of Yeghegnadzor community in Vayots Dzor marz. The location of the kindergarten building, which was completely renovated in 2013, allows the maximum efficiency of the solar plant. The installed station will provide an opportunity to cover the entire cost of heating the kindergarten, as well as other electricity costs. Currently, over 50 children attend the kindergarten, but plans are underway to open enrollment for children aged 2 to 3, increasing attendance to over 80 children. "We all understand the importance of education, and we aim to create the best conditions for our children to learn and develop. I am delighted that thanks to Ucom's care and commitment to green technology, children in the marzes can begin their educational journey in warm and comfortable rooms," said Ralph Yirikian, the General Director of Ucom. "After each new project, I am even more convinced of th... -
Armenian News - Tert.am - 10:24 Nov 22, 2024
In the wake of the International Criminal Court (ICC) issuing arrest warrants for senior Israeli officials including Prime Minister Benjamin Netanyahu, Canada’s PM said they’d abide by the court’s ruling. On Thursday, the Netherlands-based court issued arrest warrants for Netanyahu, former Israeli defence minister Yoav Gallant, and Hamas leader Ibrahim Al-Masri in connection with the conflict sparked by a deadly terrorist attack in October 2023 that saw scores of Palestinians flood into Israel to murder, sexually assault and kidnap innocent Israelis. As well, efforts by Israel to deliver aid into Gaza have historically been stymied by Hamas, who routinely hijack aid shipments in order to sell them, preventing vital supplies from reaching those in need. “We are one of the founding members of the International Criminal Court, we stand up for international law, and we will abide by all regulations and rulings of the international courts,” Prime Minister Justin Trudeau said at a press conference Thursday. “This i... -
Armenian News - Tert.am - 07:33 Nov 21, 2024
Unibank announces subordinated bonds issue equal to USD 10 million. The annual coupon rate is 6.25%, the maturity of the bonds - 7 years. The coupon income will be paid quarterly. Unibank became the first bank in Armenia to issue subordinated bonds. The minimum bond purchase amount is USD 10.000 that may be acquired at Unibank head office or its branches. The placement of the issue is planned to be completed by February 24, 2025, after that subordinated bonds will be listed on the Armenian Stock Exchange. Unibank has been one of the most active participants in the securities market since 2016. At the AMX AWARDS 2024, the bank was recognized as the best in two nominations: “Best Equity Issuer on the Exchange” and “Best in Secondary Equity Market”. Overall, Unibank placed 28 tranches of bonds worth about USD 70 million and carried out the listing procedure on the exchange. The Subordinated bonds prospectus (registered on 13.11.2024) is published on www.unibank.am. The funds received from the subordinated b... -
Armenian News - Tert.am - 07:50 Nov 20, 2024
The U.S. embassy in Kyiv has received information of a potential significant air attack on Wednesday and will be closed, the U.S. Department of State Consular Affairs said in a statement. "The U.S. Embassy in Kyiv has received specific information of a potential significant air attack on November 20. Out of an abundance of caution, the Embassy will be closed, and Embassy employees are being instructed to shelter in place. The U.S. Embassy recommends U.S. citizens be prepared to immediately shelter in the event an air alert is announced," the department said in a statement published on the website of the U.S. embassy in Kyiv. -
Armenian News - Tert.am - 10:40 Nov 19, 2024
Ucom announces the completion of the second phase of the 5G network launch: now the new network is operational in the cities of Akhtala, Berd, Ijevan, Maralik, Martuni, Sevan, Sisian, Tashir, Tumanyan, Alaverdi and Jermuk. Thus, the company’s 5G network is already available in 20 regional cities. Infrastructure modernization has been one of Ucom’s priorities over the past year and will continue to be a priority in the near future. The goal of this program is to provide higher speed and reliable connectivity for the company’s subscribers. 5G technology enables quicker and more efficient data transmission, improving the digital experience for users. "We have been working tirelessly to modernize our network for a year, and now we are very proud to announce the launch of the 5G network in 11 more cities. This is a great achievement for Ucom specialists and a great opportunity for our subscribers, as in our time, high-quality connectivity is an important factor for digital transformation and technological developm... -
Armenian News - Tert.am - 07:07 Nov 19, 2024
On November 21, the first-ever career fair titled “New Career Opportunities and Perspectives” will take place at the Armenia Marriott Hotel in Yerevan. The event is organized by the Armenian General Benevolent Union (AGBU) under the framework of its "Learn and Earn: Artsakh" program, in collaboration with Yerevan State University and the Eurasia International University. The main goal of the event is to support the socio-economic integration of Artsakh residents displaced by the conflict into Armenian society. It aims to enhance their competitiveness in the labor market and address employment challenges. During the fair, over 40 leading companies will meet with job seekers. The event will also include training sessions focused on enhancing job search skills, as well as roundtable discussions on current challenges and opportunities. Students wishing to register for the training sessions can do so via the following link: https://shorturl.at/gHyFj. We invite all interested individuals to attend and take advantag... -
Armenian News - Tert.am - 06:59 Nov 19, 2024
President-elect Donald Trump has confirmed on his social media network that he plans to use the US military to carry out a mass deportation of undocumented migrants. On Monday, he posted "TRUE!!!" in response to a conservative commentator who wrote that Trump would declare a national emergency and use military assets to lead “a mass deportation program”. At campaign events, Trump repeatedly pledged to mobilise the National Guard to assist Immigration and Customs Enforcement (ICE), the federal agency tasked with carrying out deportations. Trump's latest comment comes as questions grow about how he would fulfil his pledge to execute the largest mass deportation in US history. He has repeatedly said he would begin deportations on his first day in office, which will be 20 January 2025. But even if a US administration was able to legally move ahead with these plans, authorities would still have to contend with enormous logistical challenges. For example, experts are doubtful that ICE's 20,000 agents and support ... -
Armenian News - Tert.am - 12:55 Nov 18, 2024
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The results of the 19th annual International Microelectronics Olympiad were summarized in Yerevan and the winners awarded for their achievements. Once again, Ucom was the main supporter of the event this year. The Olympiad is initiated and organized by Synopsys Armenia and held under the auspices of the RA Prime Minister, in cooperation with The Institute of Electrical and Electronics Test Technology Technical Community (IEEE TTTC). This year's Olympiad was conducted in two stages, with 332 participants from 16 countries, including the UAE, USA, Brazil, Israel, Italy, Lebanon, Armenia, Jordan, Sri Lanka, Chile, Peru, Portugal, Russia, Serbia, Vietnam, and France. The second and final stage took place on November 15, 2024, at the Synopsys Armenia Education Department. The 34 finalists, 10 of whom were from Armenia, competed by solving complex engineering challenges. First prize was awarded to Vicente Corvalan from Chile, while Cesar Alburquerque from Brazil secured second place. Emanuele Sacchi from Italy and ... -
Armenian News - Tert.am - 09:13 Nov 15, 2024
Ralph Yirikian, General Director of Ucom, participated in the annual Silicon Mountains 2024 technological summit held in Yerevan. This year's summit was dedicated to the application of artificial intelligence (AI) in the economy and the challenges it presents. The summit featured two keynote speeches and three panel discussions focusing on Industry.ai, Invest.ai, and Impact.ai. The final panel explored the impact of AI on Armenia's manufacturing, economy, education, and other sectors. Besides Ralph Yirikian, the panel included the RA Minister of Education, Science, Culture, and Sports Zhanna Andreasyan; Evgeny Lisnyak, Director for Strategic Partnerships with Fintech Companies and Enterprises in the CIS and Southeast Europe Visa; Paolo Prinetto, Director of the National Cybersecurity Laboratory CINI and a member of CNRS Scientific Council; and Luiza Ayvazyan, Head of CIPE’s Armenia office (Center for International Private Enterprise). The event also featured a postmark cancellation ceremony dedicated to the S... -
Armenian News - Tert.am - 11:50 Nov 13, 2024
On November 15, Yerevan will host the Silicon Mountains 2024 technology summit dedicated to the application and challenges of artificial intelligence in the economy. This year, Ucom acts as a platinum partner of the summit. During the press conference, Armen Baldryan, President of the Union of Employers of ICT that is the main organizer of the event, Eduard Musayelyan, Executive Director of the Union of Employers of ICT, Ralph Yirikian, General Director of Ucom, and Ruben Simonyan, RA Deputy Minister of High-Tech Industry, shared insights about the organization and goals of the summit. “The Silicon Mountains summit addressed the topic of artificial intelligence (AI) back in 2019. At that time, AI was seen as a distant, almost unattainable technology. However, today it is already part of our lives, and its widespread adoption will become a reality within just a few years. The impact of AI will be significant, especially in industry, management, and education. High-tech sectors, including AI, will play a crucia... -
Armenian News - Tert.am - 06:36 Nov 13, 2024
President-elect Donald Trump announced Tuesday that Elon Musk and Vivek Ramaswamy will lead a new “Department of Government Efficiency” in his second administration. “Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump said in a statement. The announcement of Ramaswamy and particularly Musk, who leads companies with existing, lucrative government contracts, raises immediate questions about potential conflicts of interest. It is not immediately clear how the department – which Trump said would “provide advice and guidance from outside of Government” – would operate, and whether a Congress even fully controlled by Republicans would have the appetite to approve such a massive overhaul of government spending and operations. Trump had proposed the creation of a government efficiency commission as part of a slate of new economic plans that he unveiled in earl... -
Armenian News - Tert.am - 12:51 Nov 11, 2024
The Visa Platinum/Metal, Visa Infinite/Metal cardholders may now enjoy the new advantages of premium cards: To invest a deposit with higher interest rates (acting interest rate + 0.5% for AMD, + 0.2% for USD) To rent personal safe deposit boxes free of charge (with a maximum amount of 3 times, and the total maximum term of 3 months, regardless of the size of safe deposit boxes (except for the safe deposit boxes of the Head Office). The Visa Premium cardholders also have a number of other privileges: Metal design feature Unlimited free access to business lounges at airports, plus 1 free guest option in case of metal cards Free Fast Truck service feature 24/7 Concierge support International travel insurance A number of discount offers The Premium cardholders may now benefit from these and a number of other privileges, making the management of their funds more convenient and beneficial. For details: Visa Infinite: https://www.aeb.am/hy/visa-infinite/ Visa Platinum: https://www.aeb.am/hy/visa-platinum/ The offe... -
Armenian News - Tert.am - 07:37 Nov 10, 2024
Huge numbers of people have protested in Valencia against authorities' handling of recent deadly floods, demanding the resignation of regional head Carlos Mazón. Spanish outlets, including news agency Efe, cited a government body as saying 130,000 people took to the streets on Saturday - with protesters chanting "we are stained with mud, you are stained with blood". More than 200 people died in the flooding, which was caused by torrential rain hitting Valencia and neighbouring provinces in October. Eighty people are still missing. Protesters have accused local authorities of issuing flood warnings far too late. Angry protesters clashed with police towards the end of the demonstrations. Pictures show Valencia City Hall smeared with mud, while the Reuters news agency reports protesters throwing chairs and other objects. The city's mayor, María José Catalá, posted pictures of broken windows and a video appearing to show a fire being started on social media, adding: "Vandalism is not the solution." Valencia City ... -
Armenian News - Tert.am - 08:16 Nov 08, 2024
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A solar power plant with a capacity of 10.44 kWh was installed for the newly built kindergarten in the Areni settlement of Vayots Dzor as part of collaboration between Ucom and the Sunchild NGO. The community kindergarten was built quite recently and opened in September of this year. From the outset, the building plans included provisions for a solar plant, and the Areni community approached Ucom and Sunchild for assistance with its installation. The newly installed solar plant, located on the kindergarten's roof, is expected to significantly reduce electricity expenses. Furthermore, if the facility transitions to electric heating, the solar plant’s output will be able to fully support these additional needs. "It is gratifying to see sustainable energy solutions incorporated from the start in new buildings across our marzes, and Ucom is pleased to join such initiatives whenever possible. Our goal is for sustainable living to become second nature in Armenia, and it’s especially heartening that such initiatives... -
Armenian News - Tert.am - 06:54 Nov 07, 2024
Byblos Bank Armenia, in partnership with Mastercard, has launched a new campaign featuring a giveaway of 5 iPhone 16 Pros, 5 Apple Watch SE (2nd generation), and 5 AirPods Pro 2. Both current and new Mastercard Digital cardholders can enter for a chance to win one of 15 cutting-edge Apple devices. To participate in the campaign, cardholders simply need to make three or more cashless payments totaling AMD 50,000 using their Byblos Bank Armenia digital cards from November 1 to December 31. Winners will be randomly chosen in early January 2025 during a live event on the Bank's official Facebook page. The exact date of the draw will be announced later. For more details, visit the Bank's official website. The Byblos Bank Armenia Mastercard Digital card can be ordered via the Byblos Mobile app in just a few seconds, without the need to visit the Bank. To become a Bank client and obtain the Mastercard Digital, simply visit any of the Bank's branches. Byblos Bank Armenia CJSC was founded and opened the doors of its f... -
Armenian News - Tert.am - 06:10 Nov 06, 2024
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The future military specialists will have much more opportunities for physical training. Military Sports Specialized Colleges named after Tigran Metz and after Aram Manukyan were furnished with modern sports equipment, gyms were renovated and heating system was installed. In order to organize transportation of students from home to the educational institution and back, 3 buses were also provided to military sports institutions. The program was implemented thanks to the financing from the benefactor Karen Vardanyan. The total budget amounted to 119 million drams. -
Armenian News - Tert.am - 13:34 Nov 05, 2024
Ucom joined the 9th Armenian Internet Governance Forum (ArmIGF) as a platinum partner. The forum aimed to address challenges surrounding internet governance. As part of the partnership, Ucom's General Director, Ralph Yirikian, delivered a welcoming speech at the forum's opening ceremony. This year marks the 30th anniversary of the .am domain, and in celebration, the Internet Society NGO brought together representatives from government bodies, civil society, business organizations, and internet governance experts. The forum's goal was to highlight the significance of the .am domain and to create a platform for discussing the challenges, progress, and future opportunities within the internet governance sector. "At Ucom, we believe that internet security is essential in this new digital era, where every user should be able to access services confidently. Digitalization is highly important, but it also carries certain risks. To counter these, we need not only technological solutions but also collaboration and res... -
Armenian News - Tert.am - 07:00 Nov 05, 2024
On Tuesday 12 November 2024, the International Court of Justice will deliver its Judgment on the preliminary objections raised by Azerbaijan in the case concerning Application of the International Convention on the Elimination of All Forms of Racial Discrimination (Armenia v. Azerbaijan). A public sitting will take place at 3 p.m. at the Peace Palace in The Hague, during which Judge Nawaf Salam, the President of the Court, will read out the Court’s Judgment. It is recalled that, on 16 September 2021, Armenia instituted proceedings against Azerbaijan concerning alleged violations of the International Convention on the Elimination of All Forms of Racial Discrimination (CERD) (see press release No. 2021/20). On 21 April 2023, Azerbaijan raised preliminary objections to the jurisdiction of the Court and, in accordance with Article 79bis, paragraph 3, of the Rules of Court, the proceedings on the merits were suspended pending a decision of the Court on those objections (see press release No. 2023/22). By an Order ... -
Armenian News - Tert.am - 11:35 Nov 04, 2024
On November 1, Ucom employees joined SunChild NGO and its partner, the Foundation for the Preservation of Wildlife and Cultural Assets (FPWC), for their annual tree-planting initiative. Sunchild NGO cooperates with FPWC, which has been planting forests in Vayots Dzor region for years. This year it is planned to plant more than 100,000 trees, which were grown and cared for in nurseries. About 40 employees from Ucom spent a whole day as volunteers in the picturesque mountains of Gnishik settlement of Areni community in Vayots Dzor region and planted more than 2,000 trees. During the event, they also learned about the desert landscape restoration project, local environmental challenges, and future volunteer opportunities. "Green technologies and caring for the environment are the main directions of Ucom's corporate responsibility. This commitment is not only held at the company level but is also a shared value among our employees. Today, we’re delighted to be here, contributing to Armenia's green future," said R...
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