Armenian News - Tert.am
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Armenian News - Tert.am - 12:55 Jan 16, 2024
Governments at COP28 held in Dubai last year fired off a flurry of new promises for action. Among the expected pledges at COP28 were a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise. Unlike official summit decisions, which must be passed by consensus among the nearly 200 countries, voluntary pledges can be made quickly, and boldly, without the worry of one party objecting. However, specialists of a commensurate caliber are required for the implementation of such a large-scale project within the specified time frame. Thus, a sufficient number of trained personnel essentially becomes one of the milestones set out in the UN's Global Roadmap to achieve net-zero emissions by 2050. The comprehensive program of short-term training courses created by the Executive Coaching and Training Institute together with the specialists of the UCL Bartlett Sc... -
Armenian News - Tert.am - 10:21 Jan 16, 2024
Bertrand Bonvin, President Heat Not Burn, Philip Morris International, shares insight on what is behind their success, what they offer to consumers and innovations that bring a smoke-free future. In Q3 of 2023 PMI reported the number of Heat Not burn product users 24,7 million, what stands behind this success? We're always trying to provide smoker with an alternative. We're actually super-careful with the way we are running the business. And with our Heat Not Burn (HnB) products it's simpler, because we have control of who we sell the product to. So, with age verification our importunity is to onboard the smokers properly. We are definitely verifying the age and I think this phase is super-important. The role for us is to help people to go through transition, because people are used to cigarettes and it's difficult for them to quit. I think we spend a lot of energy to onboard people properly on this issue, so, they understand it's a new device. At the beginning, if we are not able to communicate, people are a... -
Armenian News - Tert.am - 15:40 Jan 13, 2024
More than 1000 children aged 2-14 who were forcibly displaced from Artsakh in the communities of Dilijan, Ijevan, Berd, Noyemberyan and Azatamut of Tavush region and in Jermuk, Yeghegnadzor and Vayk communities of Vayots Dzor region received Christmas gifts from the national communications operator of Armenia, Ucom. The gifts were delivered to regions by Santamobiles. Director General of Ucom Ralph Yirikian and Ucom employees handed over the gifts to children at Yeghegnadzor and Ijevan cultural centers. "We must ensure the New Year's miracle for our Artsakh compatriots. They need it very much. Supporting our compatriots forcibly displaced from Artsakh is an important commitment for us, which we carry out with great love and care. New Year is waiting for miracles and a starting point for their realization. Ucom, both as a national operator and as a company with a commitment to corporate social responsibility, will consistently fulfill at least a small part of the dreams of our children and, why not, at least a... -
Armenian News - Tert.am - 10:18 Jan 10, 2024
The court session on 08.01.2024 regarding the extension of the detention of the RPA vice-chairman Armen Ashotyan once again turned into a judicial farce and clearly showed that Armen Ashotyan is being subjected to political persecution. "Despite the fact that it was confirmed by the court act entered into legal force that there is no reasonable suspicion regarding the most serious act attributed to Armen Ashotyan - money laundering, and the legal entity recognized as the victim was dissolved before the alleged act attributed to Armen Ashotyan, the Anti-Corruption Court extended for another three months A. Ashotyan's term of detention. The decision to detain Ashotyan lacks any legal basis, as there is no evidence of influence on the involved parties in the fabricated criminal case. The court unreasonably rejected the motion to release Armen Ashotyan and rejected to apply alternative means of detention, in the presence of the guarantee of about a dozen reputational figures. With its decision, the court once aga... -
Armenian News - Tert.am - 07:28 Jan 10, 2024
A long-term loan facility to prioritize women in business The European Fund for Southeast Europe (EFSE) reaffirms its commitment to fostering economic development in Armenia by providing a USD 5 million senior loan facility to its long-standing partner ARARATBANK. With this new facility, the partners aim to facilitate access to finance for micro-, small-, and medium-sized enterprises (MSMEs) and importantly those that are majority-owned or led by women and contribute to increased business competitiveness and inclusiveness in Armenia. ARARATBANK is a leading SME financier in the country with a proven strong track record in gender finance. EFSE’s investment will further solidify the Bank’s dedication to supporting women-owned or -led enterprises and promoting socio-economic empowerment and inclusiveness. EFSE Regional Director Oxana Binzaru said: “We are honored to continue our journey with ARARATBANK, a trusted partner that shares our mission to foster economic development. This USD 5 million investment is a t... -
Armenian News - Tert.am - 17:04 Jan 06, 2024
"Morning Star, the doors of the Church are open"... With these lines, this unique piece of folklore penned by the Catholicos of All Armenians, Khrimian Hayrik (Father), in 1885, starts. It speaks about the faith and diligence of the Armenian people. In the 1970s, ethnographer and honored artist Hayrik Muradyan recorded it for the archive. Armenians inside the Iron Curtain of the Soviet Union heard this song for the first time - thrilling, simple, and pure. In these challenging times of identity and faith, this work of symbolic significance brought together creative specialists, artists, and musicologists. They dedicated three months to breathe life into the simple and straightforward idea of the "Galaxy" founders - to reinforce and rediscover the profound essence of the Christmas holiday for every Armenian family. "We believe in the power of Armenian people's work and diligence. We want our people to be united, believe, and rely on their own strength. This piece holds an important message. It illustrates our ... -
Armenian News - Tert.am - 12:10 Dec 30, 2023
In response to Armenia's recent humanitarian crisis, a rapid response team formed by the Armenian Volunteer Corps (AVC) and Birthright Armenia is providing essential support to the forcibly displaced population of Artsakh. Since September, this initiative has seen more than 120 of our volunteers from around the world, in addition to their regular job placements, actively engage in relief efforts. Some have even chosen to solely dedicate their time to this cause, demonstrating immense dedication to the humanitarian mission. These volunteers are playing a pivotal role in various critical tasks. They have been instrumental in executing the AGBU and the World Central Kitchen's food security project, translating testimonials for the Center for Truth and Justice, packaging and distributing vital supplies through VIVA, Transparent Charity Armenia, and Hurry to Good, providing logistics support to All for Armenia during the mass exodus from Artsakh in Goris and Kornidzor, fundraising, social media, and content devel... -
Armenian News - Tert.am - 11:47 Dec 29, 2023
Viva-MTS, being a leader in the field of information and telecommunication technologies (ICT) in Armenia, implements social investments based on corporate social responsibility (CSR). It’s the first company in Armenia to introduce and apply CSR as a management model and is the first operator to be guided by international principles of social responsibility ISO 26000. In a company with a corporate management culture, CSR is embedded in Viva-MTS. Sustainable development is the basis of social investment. After long-term cooperation, Viva-MTS stops supporting individual projects that have reached self-sufficiency, which allows them to acquire new partners and sponsors. At the same time, Viva-MTS continues to support those who still need sustainable development and support. “For Viva-MTS employees, corporate social responsibility has been and remains not only a concept but also a daily practice. We believe that, as a business organization, we have been able to make the importance of CSR tangible. It is no coin... -
Armenian News - Tert.am - 12:59 Dec 28, 2023
Infrastructures are of great importance for Goghtanik residents of Vayots Dzor region. Compatriots forcibly displaced from Artsakh have recently settled in the village with 200 inhabitants. With the support of Ucom company and SunChild NGO, a solar photovoltaic plant with a capacity of 6.9 kWt was installed in the administrative building of Goghtanik settlement of Yeghegis enlarged community. The aim is to spread the green agenda and develop community infrastructure. "Our commitment to social responsibility extends to all communities where we can make a charitable impact. Through the installation of this alternative energy receiving station in Goghtanik, we address two key issues: providing heating for the administrative building and the adjacent cultural house, where the community's events are organized, and simultaneously, helping them save funds for addressing other essential needs," stated Ucom Director General Ralph Yirikian. This collaboration materialized in 2023 within the framework of the memorandum ... -
Armenian News - Tert.am - 12:45 Dec 28, 2023
AraratBank has been awarded the Best CSR Bank Armenia 2023 in the Global Banking & Finance Review awards 2023. This reputable award underscores the Bank's responsibility and commitment to the values of corporate social responsibility. The Bank has been recognized for its social initiatives, key areas of social change and achievements in this regard. "This award is about the ceaseless efforts of AraratBank in the fields of education, healthcare and environmental protection. We believe that companies are obliged to contribute to the well-being of the communities in which they exist by targeting non-financial results apart from financial returns. Social initiatives are an integral part of AraratBank's corporate culture, and we are aspiring to create sustainable and positive change through our actions. We are grateful to the Global Banking & Finance Review for this recognition," comments Anna Allahverdyan, Advisor on Public Relations to the Executive Director of AraratBank. Since its inception in 2011, the Global... -
Armenian News - Tert.am - 10:40 Dec 28, 2023
On the eve of the Christmas holidays and further to its ongoing initiative to support Artsakh families sheltered in Shirak region, Ameriabank once again brought together partners around the idea of gifting Christmas Miracle for Artsakh children. Under this initiative, more than 550 Artsakh children received packages filled with care, including books, brain games, toys, New Year trees, and more. Rebecca Hakobyan, Chief Marketing and Communication Officer at Ameriabank said: “Months ago, we said: “Stay strong, we are there for you”, launching the chain of care that united so many people. To ensure the most effective assistance, we visited the beneficiary families in person, assessed their immediate needs and delivered targeted aid. We talked to them, listened to them, shared smiles, were warmed to the heart at every meeting and affirmed our commitment to support them. We believe that caring is heartwarming, and we continued the chain of care for Artsakh children to bring smiles and Christmas miracle through ki... -
Armenian News - Tert.am - 09:45 Dec 23, 2023
Ucom is proud to announce the attainment of the esteemed ISO/IEC 27001 certification, demonstrating its commitment to maintaining advanced information security standards. Following extensive assessments by international experts, Ucom, the leading national telecommunications operator, has successfully met the criteria of the ISO/IEC 27001 standard, the highest global benchmark for information security management systems (ISMS). "In today's landscape, where information security holds unprecedented importance, attaining ISO 27001 certification marks a major milestone for both the local telecommunications market and our company. However, beyond this achievement, our primary message to subscribers and partners is that safeguarding their data and ensuring overall information security is our top priority," stated Ucom General Director Ralph Yirikian. Adhering to ISO/IEC 27001, recognized as the global gold standard, signifies that a certified company has an effective risk management system for information security,... -
Armenian News - Tert.am - 07:57 Dec 22, 2023
Twelve school students will gain fundamental knowledge about the startup ecosystem and explore the experiences of successful startup companies by participating in the “Get Started” educational program. The educational program “Get Started” is launched on 21 December 2023, by the Armenian On-line Media and Journalists Association NGO and Mediamax, with Viva-MTS as the main partner. “Youth, in general, are the engine of progress. Their inventiveness, creativity, and desire to succeed allow them to make progress where it seems like everything has already been said and done. We, as organizations with years of experience, can only help to create and promote this environment. This is a crucial strategy for Viva-MTS. The era of smart solutions is a new and significant challenge, and keeping up is unavoidable. I welcome the program’s participants and look forward to a lively discussion, new ideas, and project implementation,” Viva-MTS General Director Armen Avetisian said. The first part of the program includes meeti... -
Armenian News - Tert.am - 12:48 Dec 21, 2023
The fastest home internet from Ucom is now a reality in Sevan. Ucom is dedicated to delivering quality communication services and has made significant investments to ensure the availability of the fixed network in the city of Sevan. "The city of Sevan is the latest location where we've introduced a fixed connection, and for this expansion, we meticulously considered all the details. Ensuring the satisfaction of our subscribers remains our top priority. We are committed to further expanding our network and reaching new areas. Our fellow citizens in Sevan can now celebrate the New Year in a warm, enjoyable family atmosphere," stated Ralph Yirikian, Ucom General Director. Sevan residents can benefit from a special offer – the Unity 9000 regional package, available at 8,000 AMD instead of 9,000 AMD. Additionally, by subscribing to the Unity 9000 regional package by February 29, 2024, residents of Sevan will enjoy the package's services for free for three months. The installation of a fixed Internet connection, w... -
Armenian News - Tert.am - 15:18 Dec 20, 2023
Byblos Bank Armenia is summing up 2023 and ringing in the New Year with an important donation. On behalf of all of the Bank’s employees, customers and partners, funds intended for holiday gifts will be transferred to the Soldier's Home charitable NGO to contribute to the social reintegration of disabled veterans, as well as to projects aimed at providing education, training and employment for the displaced residents of Artsakh. The donation will fund the participation of forcibly displaced Artsakh civilians in educational programs that match their preferences and potential, as well as provide advanced professional education at a later stage and help them find a job. The cooperation was officially announced on December 19, when the Bank's Chief Executive Officer Hayk Stepanyan and Director of the Soldier's Home Charity NGO Haykuhi Minasyan signed a memorandum at a special event at the Soldier's Home. "We are happy to collaborate with the Soldier's Home again and unite around the important goal of returning wou... -
Armenian News - Tert.am - 07:03 Dec 19, 2023
Statistics show that almost 3 billion people around the world shop online every year. The trend of sharp increase in purchases has also increased significantly in recent years in Armenia. Globbing company, which is also a leader in Kazakhstan and Uzbekistan, makes it possible for people in Armenia to make and receive orders from the most famous online stores from 8 countries over the world by providing foreign addresses. Globbing's foreign warehouses continue to work in emergency mode. A high shipping rate has been set for Black Friday online shopping. Globbing managed to deliver most of the parcels significantly earlier. For example, in the US warehouse, despite a 37% increase in orders, 99% of parcels were registered on the same day; most in just 4 hours on average, in the case when registration usually takes 24 hours and 48 hours during peak periods. This year, foreign stores also have provided up to 90% discounts for the most popular products. During Black Friday and the following Cyber Monday, Globbing e... -
Armenian News - Tert.am - 12:48 Dec 14, 2023
Ralph Yirikian, Director General of Ucom, and Sona Kalantaryan, Director of SunChild (Arevordi) NGO, visited Rind settlement of Areni community in Vayots Dzor province today. A 10.3 kW solar plant was installed in the local kindergarten, enabling the kindergarten building to be heated with electricity obtained from the sun's rays. "Ucom, as a national communications operator, supports the development of the green economy in Armenia, and this initiative is one of its shining examples. These solar plants will provide warmth for our children for the next 20-25 years and, most importantly, will not harm nature because the solar plant is absolutely harmless. This is also an important mission in terms of spreading eco-education. We will always help promote the green concept," said Ralph Yirikian, Director General of Ucom. This cooperation became a reality in 2023 within the framework of the memorandum of cooperation concluded in August by Ucom and SunChild non-governmental organization for nature and culture preser... -
Armenian News - Tert.am - 11:55 Dec 14, 2023
Two leading technology companies, Viva-MTS and Yandex Plus, are launching a joint offer for mobile users. Viva-MTS, Armenia's leader in the ICT sector, aspires to provide its subscribers more than only mobile communication services. The company focused on digital solutions. The goal of today's innovation is a free offer created for individual subscribers. The updated Yandex Plus service has become available to subscribers of prepaid and postpaid tariff plans “X” and “Y” of Viva-MTS. Now they will be able to use the updated application Yandex Music, films and shows on Kinopoisk, e-books and audiobooks on Bookmate, as well as 10% more affordable rides with Comfort and higher tariffs on Yandex Go. Details of cooperation were presented during the press conference by Viva-MTS General Director Armen Avetisyan and coordinator of the Armenian office, director of new Yandex products Dmitry Stepanov. In particular, the Yandex Music service switched to a new recommendation model using deep neural networks in the “My Wav... -
Armenian News - Tert.am - 08:44 Dec 14, 2023
Armenia is little by little gaining its foothold on the global tourism market. The integration trends in the modern world inevitably boost the influx of people between countries, promoting the development of hospitality industries. And that in turn means that that the hotel business too, is progressing in parallel with all the other sectors of hospitality, writes Arthur Harutyunyan, the founder of Paris Hotel LLC. "According to the World Tourism Organizations, over 16 million hotels across the globe are known to be operating at present, with around 20% of them being the hotel chains. Hence with this imperative of time, the Armenian hotel market requires a growth in both quantity and quality. The latter may be recorded as a result of applying the best international practice. And that's about not only opening international chain hotels and employing effective international standards in the existing hotels but also training high-quality professionals given that the human being is, after all, the driving force... -
Armenian News - Tert.am - 12:31 Dec 13, 2023
Ameriabank CEO Artak Hanesyan’s interview with Global Finance magazine Q: 1. Given the volatility that has characterised markets over the past few years, how has the bank worked to mitigate the risks and continue to thrive? A: Ameriabank has enjoyed a steadily successful trajectory over the past few years. In a challenging environment marked by geopolitical tension and market volatility, the Bank has demonstrated resilience and outperformed the market benchmarks across several key financial indicators. This is founded on strong fundamentals with an effectively diversified balance sheet, a sound corporate governance and a clear vision for the future. We have been able to apply a balanced risk management mechanism and an enhanced liquidity management framework to improve financial efficiency and deliver solid risk-adjusted profitability. Total assets reached AMD 1.33 trillion as of September 2023 with 12% compound annual growth rate since 2019. Ameriabank is the largest lender in the market with AMD 902 bn ...
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