Armenian News - Tert.am
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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. -
Armenian News - Tert.am - 16:09 Oct 02, 2024
Ameriabank has launched a new campaign jointly with Mastercard payment system. Clients who order a new Mastercard from Ameriabank and make payments on international online platforms by December 31, inclusive, will receive 1% cashback (maximum AMD 10,000 monthly). This offer applies to purchases for airline tickets, hotel bookings, and subscriptions as well as on websites like Sephora.com, Shein.com, Taobao.com, Ikea.com, Amazon.com, Ipsy.com, Iherb.com, Pinduoduo.com, and more. Under the terms of the campaign clients who order and activate a new Mastercard from Ameriabank, will participate in a draw and will have the chance to win one of 48 iPhone 16s. - 16 iPhone 16s will be raffled off every month until the end of the year - in October, November and December. In 2023, the total volume of the transactions made with Ameriabank Mastercard cards increased by 25.1% YoY. The number of Ameriabank’s Mastercard holders has grown by 35.8% during the same period. Data from the first eight months of this year show th... -
Armenian News - Tert.am - 11:18 Oct 02, 2024
Foreign Minister Israel Katz announces that he has designated UN Secretary General António Guterres “persona non grata,” meaning the Portuguese diplomat cannot enter Israel. The Foreign Ministry says the decision is a reaction to Guterres’s response after Iran’s missile attack last night, “in which he failed to mention Iran by name and did not unequivocally condemn its grave aggression.” Israel Guterres’s policies throughout the war have “provided backing to terrorists, rapists and murderers from Hamas, Hezbollah, and the Houthis, and now to the mothership of global terror, Iran.” In a statement, Katz says that “anyone who cannot unequivocally condemn Iran’s heinous attack on Israel, as nearly all the countries of the world have done, does not deserve to set foot on Israeli soil.” -
Armenian News - Tert.am - 07:08 Oct 02, 2024
Ralph Yirikian, General Director of Ucom, delivered a lecture to the students of the Leadership School on the topic of effective communication. During the session, he shared his insights and experiences with the participants of the 2024-2025 Leadership Development course. His lecture covered essential leadership skills, including active listening, non-verbal communication, clear expression of ideas, providing feedback and constructive criticism, accounting for cultural differences, and resolving conflicts. "The most important thing any leader should do is foster a positive culture by setting an example. Every action you take should demonstrate respect for all colleagues, regardless of their position or background. It's crucial for a leader’s words to align with their actions, as clear and consistent communication helps avoid confusion," noted Ralph Yirikian, General Director of Ucom. "Leadership School highly values Mr. Yirikian's ongoing efforts to cultivate the next generation of business leaders in Armenia... -
Armenian News - Tert.am - 12:00 Sep 30, 2024
Byblos Bank Armenia is the General Sponsor of the jubilee celebrations marking the 90th anniversary of the Faculty of Economics and Management of Yerevan State University. The year at the Faculty promises to be exciting, featuring several significant events, including an International Conference, a Ceremonial Session, the publication of an illustrated book-album that highlights the Faculty's 90-year history, and the creation of a short film about the Faculty. "The Faculty of Economics and Management at YSU plays a critical role in Armenia's economic development. The faculty has a longstanding tradition of training professionals who have significantly contributed to structures of strategic importance for the country, especially in finance and beyond. I am pleased to see that the faculty continues to educate and inspire new generations, and I take pride in Byblos Bank Armenia's support of this mission," said Hayk Stepanyan, the Bank's Chief Executive Officer and an alumnus of the faculty. "The anniversary is a ... -
Armenian News - Tert.am - 11:42 Sep 27, 2024
The website https://www.thebanker.com/ under the prestigious Financial Times has reflected on recent developments in Armenia and the role of banks, particularly Armeconombank, in these changes. The article, 'When banking is on the front line of change,' presents the bank's strategic development directions, wide international cooperation, and the introduction of new technological solutions. Saribek Sukiasyan, Chairman of the Board of Armeconombank OJSC, speaks about supporting social transformation, the Bank's more than 33 years of operations, and key development factors. The English version of the article can be found at thebanker.com, and the Armenian version at https://www.aeb.am/hy/2035/ -
Armenian News - Tert.am - 08:08 Sep 26, 2024
Ucom has published the financial results for 2023, approved by external audit. The revenue generated in 2023 was over 38 billion AMD, which marks a 5.7% increase compared to the previous year. Moreover, there was revenue growth recorded in both fixed internet services (+12.3% increase compared to 2022) and mobile services (+13.5% compared to 2022). The revenue increase was driven by the growth of the subscriber base in both fixed and mobile segments, supported by network expansion in the regions and continuous modernization of mobile and fixed networks, as well as ongoing improvement of convergent services. The company’s results from operating activities significantly improved, reaching 11.9 billion AMD compared to 1.3 billion AMD in 2022, while net profit was 5.6 billion AMD, compared to 4.3 billion AMD in 2022. This demonstrates effective management of expenses alongside revenue growth. The company’s total assets increased by 30.5%, reaching 113.1 billion AMD, compared to 86.6 billion AMD in 2022. The growt... -
Armenian News - Tert.am - 06:15 Sep 26, 2024
We are pleased to announce that UBPay Armenian Payment and Settlement System of Money Transfers has become a member of the International Association of Money Transfer Networks (IAMTN). IAMTN’s members include banks, payment institutions, electronic money organizations and mobile operators. IAMTN serves as the primary representative entity for payment service providers on a global scale. The organization works closely with governments, regulators, regional associations and private companies to promote the creation of safer, reliable, faster, cheaper, more transparent and more inclusive cross-border payments. UBPay is a secure and fast money transfer platform for the banks and remittance businesses in Armenia and across the world. The operator and settlement bank of UBPay is Unibank, one of the leading banks in Armenia. -
Armenian News - Tert.am - 10:48 Sep 25, 2024
On September 26, a meeting between Armenian Foreign Minister Ararat Mirzoyan and Azerbaijani Foreign Minister Jeyhun Bayramov is planned to be held in New York with the participation of US Secretary of State Antony Blinken. Press Secretary of the Azerbaijani Foreign Ministry Aykhan Hajizade said this on Wednesday in response to a request from Trend. He noted that the meeting will take place at Blinken’s initiative. -
Armenian News - Tert.am - 09:47 Sep 24, 2024
Former U.S. President Donald Trump said Monday that Ukrainian President Volodymyr Zelensky wanted “so badly” for Vice President Kamala Harris to win the 2024 U.S. presidential election. “I see Zelensky is here, I think Zelenskyy is the greatest salesman in history,” Trump said at a rally in Pennsylvania. Zelensky on Sunday visited a munitions factory in Scranton, Pennsylvania — a critical swing state in November’s knife-edge election — as part of a tour to shore up support for Kyiv’s resistance against Russia’s war, providing a fillip to the Harris campaign which riled Trump. “Every time he comes into the country, he walks away with $60 billion … He wants them [the Democrats] to win this election so badly, but I would do it differently, I will work out peace,” Trump said. The Republican candidate added that if he wins the election, “the first thing I’m gonna do is call up Zelenskyy and call up President Putin and I’m gonna say, ‘You gotta make a deal, this is crazy.’” -
Armenian News - Tert.am - 12:26 Sep 23, 2024
We are proud to announce that our company has been granted a license by the UK Gambling Commission. This was announced by Vardges Vardanyan, the founder of Digitain. "This is a major achievement, reaffirming our commitment to upholding the highest standards of responsibility, regulatory compliance, and ethical conduct in the gaming industry. This license allows Digitain to enter one of the most strictly regulated and competitive iGaming markets in the world - the United Kingdom. We are excited about this opportunity, as it provides additional assurance to our customers that they are engaging with high-quality, secure, and fair gaming solutions. This milestone aligns perfectly with our growth and global expansion strategy. By entering the UK market, we are confident in our ability to introduce innovative products and technological solutions, continuing to deliver the best gaming experiences for our clients. What we have achieved today is the result of our dedicated team and our philosophy of continuous develop... -
Armenian News - Tert.am - 12:15 Sep 23, 2024
Lebanon’s health ministry says at least 100 people have been killed and more than 400 injured in Israeli strikes on Hezbollah targets. The figures do not differentiate between members of the terror group and civilians. Earlier today, the IDF warned civilians to leave homes used by the Iran-backed terror group to store weapons as the Israeli military widened airstrikes. -
Armenian News - Tert.am - 06:07 Sep 19, 2024
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... -
Armenian News - Tert.am - 07:45 Sep 17, 2024
This time, Ucom and SunChild NGO introduced their cooperative project in Chakaten settlement of Kapan community, Syunik region. A solar plant with an installed capacity of 9.28 kWh has been installed on the roof of the Chakaten local municipality building, aimed at promoting environmentally and economically sustainable living in border areas. The energy generated by the solar panels will be enough to cover the electricity needs of the local municipality building, as well as the settlement’s outdoor lighting, significantly reducing community expenses. Border communities like Chakaten face many challenges, often without sufficient funds to address them. Through this program, Ucom and SunChild NGO are working to help solve these issues. "We continue our mission of making sustainable energy accessible in Armenia's regions, and we are pleased to extend our cooperation to the Syunik region. Borderline areas are particularly vulnerable, and we are confident that this partnership will greatly benefit Chakaten’s resid... -
Armenian News - Tert.am - 08:14 Sep 15, 2024
A surface-to-surface ballistic missile was fired at Israel from Yemen on Sunday morning, the third time the Iran-backed Houthis apparently successfully penetrated Israeli air defenses. The missile caused the activation of sirens across central Israel at around 6:30 a.m., with alerts heard from the east of Tel Aviv to Modiin. There were reports that the missile impacted an open area in the Ben Shemen forest, sparking a fire near Kfar Daniel, a few kilometers southeast of Ben Gurion Airport. Shrapnel damage was reported at a train station on the outskirts of Modiin, some 25 kilometers (18 miles) east of Tel Aviv. The IDF initially reported that the missile struck an open area, but later said that it was also investigating the results of interceptor missiles launched at the projectile. Videos and pictures posted online showed trails in the sky. A military probe was set to ascertain why the missile was not intercepted before it reached Israeli airspace, or whether it was in fact intercepted — either fully or part... -
Armenian News - Tert.am - 09:40 Sep 13, 2024
On August 18–19, Russian President Vladimir Putin paid a two-day visit to Azerbaijan (President.az, August 19). This marked the first state visit by a Russian president to the South Caucasian republic and only the second visit in the bilateral relationship since former Azerbaijani President Heydar Aliyev’s trip to Moscow in 2002. Contrary to expectations from local observers, the visit did not yield any significant agreements or binding political and economic arrangements. A few announcements were made regarding future joint initiatives, including cooperation on food security, labor inspections, the establishment of a Russian-Azerbaijani university, and the joint production of oil tankers (News.az, August 19). An agreement was also reached to expand the partnership between Russia’s public joint-stock company (PJSC) Gazprom and the State Oil Company of the Republic of Azerbaijan (SOCAR) . Gazprom CEO Alexey Miller revealed that the two sides agreed to broaden their “multifaceted strategic partnership,” particu...
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