Armenian News - Tert.am
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Armenian News - Tert.am - 07:10 Oct 30, 2024
A trade war between China and the European Union was set to intensify after Beijing said it had lodged a complaint with the World Trade Organization following a move by the European Union to hike tariffs on Chinese-made electric vehicles. China’s commerce ministry on Wednesday said in a statement that it “does not agree with or accept” the EU’s decision to proceed with extra duties on the EVs after the conclusion of an anti-subsidy probe that began last year. A final ruling published by the European Commission on Tuesday stated that a top rate of 35.3 per cent would be applied to EVs from Chinese state-owned company SAIC Motor and its subsidiaries, in addition to a baseline 10 per cent duty that applies to all EV imports. -
Armenian News - Tert.am - 09:45 Oct 29, 2024
United Nations Security Council members urged Israel and Iran on Monday to end their spiraling cycle of tit-for-tat attacks on one another, following Israel’s retaliatory strikes against Iran. “All sides must exercise restraint. No good can come of pouring more fuel on the flames of this escalating cycle of violence,” said British Ambassador Barbara Woodward. Iran’s foreign minister requested the Security Council meet in an emergency session following an early Saturday wave of airstrikes by Israel that struck missile factories in three Iranian provinces. Council members Algeria, China and Russia supported Tehran’s request. “Now West Jerusalem is trying to involve Iran in confrontation -- Iran, which is showing unprecedented restraint under the circumstances,” Russian ambassador Vassily Nebenzia said, referring to Israel. Russia is a close ally of Iran. “It is very difficult not to have the impression that West Jerusalem is intentionally raising tensions, despite the signals from Tehran that they are ready to ... -
Armenian News - Tert.am - 08:55 Oct 28, 2024
On Saturday 26 October, Georgian citizens voted in Parliamentary elections. The EU has been following the developments leading to the parliamentary elections closely. Over the past months, the people of Georgia have demonstrated their attachment to democratic values and their country’s EU path. According to the preliminary findings and conclusions of the International Election Observation Mission led by the OSCE Office for Democratic Institutions and Human Rights (ODIHR), “election day was generally procedurally well-organised and administered in an orderly manner but marked by a tense environment, with frequent compromises in vote secrecy and several procedural inconsistencies, as well as reports of intimidation and pressure on voters that negatively impacted public trust in the process. Reports of pressure on voters, particularly on public sector employees, remained widespread in the campaign. This, coupled with extensive tracking of voters on election day, raised concerns about the ability of some voters ... -
Armenian News - Tert.am - 07:23 Oct 24, 2024
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As a result of cooperation between Ucom and the SunChild NGO, another community infrastructure development project has been carried out in Vardenis community of the Gegharkunik region. A solar power plant with a capacity of 11.6 kWh was installed on the roof of a community-owned building in Garnik Karapetyan Park in Vardenis. These solar panels are designed to cover the energy costs of the park’s lighting and other adjacent structures. Additionally, the surplus energy will be redirected to reduce the electricity costs of other community infrastructure. "Using sustainable energy sources not only allow communities to save their budgets and address more issues for their residents. It also promotes a lifestyle focused on environmental protection, care for nature, and care for one another. Ucom, as a responsible company, considers it its duty to take care of communities and the environment, and to set an example in this regard," mentioned Ralph Yirikian, General Director of Ucom. "The installation of this solar pl... -
Armenian News - Tert.am - 13:01 Oct 23, 2024
Speaking to pilots and air crews at the Hatzerim Airbase, Defense Minister Yoav Gallant says that “after we strike in Iran, everyone will understand what you did in the preparation and training process.” “Everyone who dreamed a year ago of beating us and attacking us paid a heavy price and is no longer in that dream,” he adds. Israel has said it would respond to Iran’s ballistic missile attack that occurred on October 1. -
Armenian News - Tert.am - 09:00 Oct 22, 2024
Converse Bank "PJSC" has signed a framework agreement with the Uzbek JSCB Kapitalbank during the Sibos 2024 international conference, held in Beijing. This is an important step for both Converse Bank and its partners, representing a significant document aimed at expanding international cooperation in key areas: Financing of foreign trade transactions, and support for clients in export and import matters; Cooperation in financial markets, including joint operations in currency and money markets. With this partnership, the Bank expands its international network of partnerships, providing its clients with new opportunities for business growth and success. "Thanks to reforms, Uzbekistan’s economy is demonstrating impressive growth, attracting foreign investment and advancing key sectors. Kapitalbank is a driving force of transformation in the country and one of its market leaders. With this new collaboration, Kapitalbank becomes a strategic partner of Converse Bank, not only in Uzbekistan but across Central Asia,... -
Armenian News - Tert.am - 07:47 Oct 18, 2024
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From October 7-11, for the first time the prestigious International CMC Conference was held in Armenia marking one of the most significant events for the Armenian Consulting and Business Community. More than 150 participants and consultants from 30 countries came to Armenia to discuss innovations and priorities in the Consulting. Over 30 representatives, along with 35 guests and speakers from leading Consulting firms from different countries, arrived in Armenia to become part of the international event. "The success of the Conference is obvious, and I especially emphasize the importance of holding such a prestigious event as the International CMC Conference in Armenia. The Conference initiated several significant partnership agreements that will have a substantial impact on the Consulting and Business communities’ future development. More than 45 delegates arrived in Armenia to participate in the annual IMC Armenia conference, further highlighting Armenia's important role in the consulting market. I would als... -
Armenian News - Tert.am - 09:29 Oct 17, 2024
The international community should shun the COP29 climate summit in Azerbaijan if Russian President Vladimir Putin attends, a top Ukrainian diplomat told POLITICO. "We need to exert this pressure and our partners need to make it clear to Azerbaijan that, if Putin is there, they aren’t coming," said Ukraine's EU ambassador, Vsevolod Chentsov, in an interview. Chentsov's call comes after the Kremlin said Tuesday that Putin was considering attending the annual U.N.-backed climate gathering, which begins Nov. 11 in Baku, Azerbaijan's capital. "A decision has not yet been made," Kremlin spokesperson Dmitry Peskov told Russian state-run news outlet RIA Novosti. Chentsov noted that Azerbaijan was increasingly “quite dependent” on the EU, given the bloc's pivot to the oil and gas-rich South Caucasus nation to help replace Russian fossil fuels. "They want to foster cooperation with the EU, and they should be really careful in that regard," the Ukrainian diplomat said, arguing that gave Brussels key leverage over Baku.... -
Armenian News - Tert.am - 10:54 Oct 16, 2024
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Ucom and SunChild NGO implemented another infrastructure development project in Vardenis community of Gegharkunik region. As part of this project, a 9.28 kWh solar power plant was installed at the Lchavan pumping station, which will help significantly reduce expenses on electricity consumption of the pumping station and provide residents with longer daily access to drinking water. Previously, due to the high costs of operating the pumping station, residents had access to drinking water for only two hours a day. Now, thanks to the installed solar plant, access to drinking water will increase by 50%, significantly easing the daily lives of residents. "As part of our cooperation with SunChild, we have installed multiple solar power plants, solving the electricity problem for communities. This time, it turns out we are solving the drinking water problem at the same time. I believe this is one of the best ways to show our commitment to corporate social responsibility—when companies with significant technological r... -
Armenian News - Tert.am - 08:41 Oct 14, 2024
Nasa is poised to send a spacecraft to a frosty moon of Jupiter where extraterrestrial life may eke out an existence in an enormous ocean hidden beneath its ice-covered surface. The Europa Clipper mission is due to blast off from Kennedy Space Center in Florida at 12.06pm local time on Monday after the original plan to launch on Thursday was scrapped due to the battering winds brought by Hurricane Milton. Barring any further snags, the six-ton spacecraft – the largest Nasa has ever built for a planetary mission – will fly past Mars and swing back around Earth before slingshotting out to Jupiter, covering nearly 2bn miles before reaching its destination in 2030. While the $5bn (£3.8bn) mission will not look for life itself on the frigid Jovian moon, the probe’s suite of instruments will scour Europa’s surface for fingerprints of organic compounds and sniff for gases released from the moon to assess whether it is habitable. “It’s a chance for us to explore not a world that might have been habitable billions o... -
Armenian News - Tert.am - 13:53 Oct 11, 2024
ARMECONOMBANK, expanding its cooperation with international partners, has attracted USD 10 million from the OPEC International Development Fund aimed at financing micro, small and medium-sized enterprises, particularly green projects, energy efficiency programs, as well as women entrepreneurs, giving them the opportunity to receive the necessary funds for business development, new jobs to create and expand operations. To date, the Bank has signed 124 loan agreements worth USD 680 million with international and other development financial institutions, contributing to the development of SMEs. OPEC Fund is a development finance agency established in 1976 by OPEC (Organization of the Petroleum Exporting Countries) member countries to assist non-OPEC countries. -
Armenian News - Tert.am - 08:46 Oct 11, 2024
The delegation of the US State Department and the United States Embassy in Armenia met with the members of the European Union's observation mission in Armenia in Martuni. The mission announced this on its X page. "Pleased to host a delegation from US Embassy Armenia and State Department in Martuni today! EUMA monitors provided valuable insights on the latest developments and our ongoing work on the ground", wrote mission. -
Armenian News - Tert.am - 07:03 Oct 10, 2024
Taking into consideration the significant contribution to the development of Masis community, activities aimed for the welfare and development of the community, as well as respect and high reputation among the population, by the unanimous decision of Ararat Marz's Masis community Council of Elders, the owner of "Grand Holding", businessman and benefactor Mikael Vardanyan was awarded the title of "Honorary Citizen of Masis community". Mikael Vardanyan implemented a number of patriotic and vitally important charitable programs in Masis, that have great exclusivity in the development of the community. In particular, with the participation of the benefactor, the St. Thaddeus church was built in Masis, and now Mikael Vardanyan is financing the construction of the rectory building. With the financial support of the benefactor the Masis municipality neighborhood park was totally renovated, the Hrant Vardanyan street was fully reconstructed and the lighting network was installed. Thanks to the benefactor's financing,... -
Armenian News - Tert.am - 14:15 Oct 08, 2024
Armeconombank introduces the new Profit Plus salary package. When applying for any of Guru cards, customers will receive Visa Classic, Mastercard Standard, or ArCa Classic salary cards for free. Additionally, Guru cards are available at a discounted annual fee: AMD 1,000 for Guru cards and AMD 12,000 for Guru Travel cards. Moreover, customers can withdraw their salaries without any fees. By transferring funds to Guru cards, they will enjoy the following benefits: 5-1% cashback on all non-cash payments 4% interest on AMD accounts credit line with up to 51 days of grace period And many more Moreover, many other benefits await customers: salary credit line up to ten times your income depending on your employment sector, starting from 13.5% loans secured by immovable property at reduced interest rate of up to 1% free bank account mobile app-based service accessible 24/7 wide network of ATMs and branches This offer is valid until 31st December. This promotional offer does not apply to cards ordered through AEB Mob... -
Armenian News - Tert.am - 13:07 Oct 08, 2024
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The prestigious International CMC Conference, one of the most significant events for Armenian consulting and business communities, kicked off on October 7. Representatives of leading global consulting companies and esteemed speakers from various countries have arrived in Armenia for the conference. The CMC Conference has become a platform for the exchange of expertise, fostering global collaboration, and promoting professional development, featuring masterclasses and panel discussions with top consultants. Ucom is the technological partner of the prominent International CMC Conference. Within the scope of the cooperation, the General Director of Ucom Ralph Yirikian joined the event as a speaker sharing his expertise on "The Intersection of Technology and Sustainability." "As a telecommunication company, Ucom interacts with innovative technologies every day. Today, technological development is an essential part of our lives, and telecommunications is the field that makes technology accessible to everyone. Howe... -
Armenian News - Tert.am - 11:25 Oct 07, 2024
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Ralph Yirikian, General Director of Ucom, participated in the conference titled “Governance, Risks, Control: Promoting Cooperation” as a panel speaker. The conference was organized by the Institute of Internal Auditors Armenia, bringing together around 200 leading professionals from Armenia and abroad, representing the private, public, and financial sectors. Ucom was a platinum partner of the conference. During the panel discussion, Mr. Yirikian highlighted the importance of internal audit in corporate governance processes. "Internal audit plays a crucial role in creating a healthy corporate governance system. When the executive management supports internal audit, governance processes become more efficient, which increases the organization’s transparency and positively impacts its reputation. Thus, an effective internal audit not only protects the financial stability of the company but also contributes to the success and growth of the organization," mentioned General Director of Ucom Ralph Yirikian during the... -
Armenian News - Tert.am - 09:42 Oct 04, 2024
As part of Ucom's regional network upgrade strategy, the modernization of mobile networks in the cities of Gyumri and Vanadzor has been completed. This long-term project is aimed at upgrading Ucom's mobile network across all the regions of Armenia. As a result of the upgrade, a more stable and faster mobile connection is becoming available in the regions. The network operates with modern 4G (LTE) and 4G+ technologies and is also ready for the transition to 5G. It should be noted that modernization is ongoing throughout Armenia and may occasionally cause some temporary interruptions while the transition from the old network to the new one takes place. "When we talk about customer care and delivering an excellent digital experience, we need to focus on technical modernization. As you can see, we have embarked on large-scale modernization efforts, replacing old stations with state-of-the-art, technologically advanced ones. We are also installing new stations in additional locations, elevating our infrastructure ... -
Armenian News - Tert.am - 11:01 Oct 03, 2024
Byblos Bank Armenia World Elite Mastercard cardholders have a chance to win a trip to Dubai. Premium cardholders can enter the promotion implemented in cooperation with Mastercard for a chance to win a five-day trip for two on the dates of their choice (in March or April 2025). To participate, cardholders need to make at least five non-cash payments totaling over AMD 500,000 between October 1 and November 30. The winner will be chosen randomly in a live draw on social media in early December. The exact date of the draw will be shared on the Bank's official Facebook page. For more details, visit the Bank's official website. Byblos Bank Armenia CJSC was founded and opened the doors of its first branch in 2007. Today, the Bank has four branches in Yerevan where customers can use various banking services and receive financial advice. The Bank provides its customers corporate-retail banking services that meet the highest international standards. -
Armenian News - Tert.am - 09:53 Oct 03, 2024
The stamp, the first day cover and the souvenir sheet dedicated to the 75th anniversary of the businessman, benefactor, founder of "Grand Holding", an Honored Worker of Economy of Armenia Hrant Vardanyan have been put into circulation. The painter is Harutyun Avagyan, the designers are Vahan Abrahamyan and David Dovlatyan. The nominal value of the stamp is 1 000 drams, issued in 100 000 print run. 10 000 print runs of the first day cover and the souvenir sheet were printed. The main spheres of Hrant Vardanyan’s activity are depicted on the envelope: industry, agriculture and charity. In the 1990s with the efforts of Hrant Vardanyan, the domestic production was restored and developed in Armenia. At that time, “Grand Holding” was founded, and since then in the production sphere of Armenia “Grand Holding” continues to rank as the top taxpayer, the leading exporter of consumer goods and the largest employer. -
Armenian News - Tert.am - 06:48 Oct 03, 2024
President Joe Biden said Wednesday he will not support an Israeli strike on sites related to Tehran’s nuclear program in response to Iran’s missile attack on Israel. “The answer is no,” Biden told reporters when asked if he would support such retaliation after Iran fired about 180 missiles at Israel on Tuesday. Biden’s comments came after he and fellow Group of Seven leaders from Canada, France, Germany, Italy, Japan and the United Kingdom spoke by telephone about coordinating new sanctions against Iran. The U.S. and allies are scrambling to keep the Mideast conflict — sparked by Iran-backed Hamas militants’ in Gaza’s Oct. 7 attack on Israel — from spreading further. They are urging Israel to show restraint as it weighs retaliation against Iran for Tuesday’s attack.
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