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    Thread: Armenia's Economic Pulse

    1. #1321
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      Re: Armenia's Economic Pulse

      .

      YEREVAN. – Spayka company of Armenia is launching the production of blue cheese.


      https://news.am/eng/news/385444.html

      Head of the Project Management Division at Spayka, Karen Baghdasaryan, informed about the aforesaid at a press conference on Wednesday.

      “Studying the Russian market, we [Spayka] saw that there is huge potential,” said Baghdasaryan. “At present, contracts already have been signed for exporting more than 1,000 tons of blue cheese per year, from Armenia to Russia.”

      The respective cheese factory will operate in Kotayk Province of Armenia.

      The company plans to invest about $15 million per year for the production of cheese and other dairy products.

      In 2017, Spayka will implement several major projects, and as a result, 390 new jobs will be created and about $70 million will be invested in Armenia.

      In 2016, the company exported more than 100,000 tons of goods from the country. In the current year, it plans to increase exports by 20 percent, and by expanding its export markets and including the countries of the European Union and the Middle East.




      .
      Politics is not about the pursuit of morality nor what's right or wrong
      Its about self interest at personal and national level often at odds with the above.
      Great politicians pursue the National interest and small politicians personal interests

    2. #1322
      Registered User Azad's Avatar
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by HyeSocialist View Post
      Spayka means United in Russian. Quite possibly an Armenian merchant in the food business that expanded into freight forwarding. Possibly wants to be anonymous. Who knows. But the company seems to be behaving like your textbook conglomerate. Kudos for him! Thanks for sharing. Hopefully he becomes a bigger freight forwarder in all of the CIS. It's a good business, and one that I am in.
      Agree with you! I hope it is Armenian owned company.

    3. #1323
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by Azad View Post
      Agree with you! I hope it is Armenian owned company.
      Reporting live from Armenia: rumor has it its Kocharians sons and Serges sons business in exporting. Rumor has it they're going to start exporting to Italy. I say rumor because everything in this country seems to be a rumor.

    4. #1324
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      I have eaten some great cheese in Armenia. The best ones were from the people who make them for themselves, like the sheppards in the mountains. The cheese I bought at the store that was locally made was also very good! I wish they would export to USA. Cheese prices here are crazy.
      Hayastan or Bust.

    5. #1325
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by HyeSocialist View Post
      Reporting live from Armenia: rumor has it its Kocharians sons and Serges sons business in exporting. Rumor has it they're going to start exporting to Italy. I say rumor because everything in this country seems to be a rumor.
      There are many things that are exported from Armenia.

      The issue has to be, is the foreign exchange coming into Armenia or going into some offshore account.


      https://www.youtube.com/watch?v=y6jbz5j5zus
      .
      Last edited by londontsi; 04-26-2017 at 10:18 AM.
      Politics is not about the pursuit of morality nor what's right or wrong
      Its about self interest at personal and national level often at odds with the above.
      Great politicians pursue the National interest and small politicians personal interests

    6. #1326
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      Armenia, EU start negotiations on Comprehensive Air Transport Agreement
      13:42, 27 Apr 2017
      Siranush Ghazanchyan



      The first stage of the negotiations between the Republic of Armenia and the European Union on the Comprehensive Air Transport Agreement (Common Aviation Area between the Republic of Armenia and the European Union) has been kicked off.
      “The Common Aviation Area Agreement will help to enhance tourism & trade, allow more EU citizens discover beautiful Armenia,” Head of the EU Delegation to Armenian Piotr Switalski said at thexopening of the negotiations.
      “This is a beautiful day because the relations between Armenia and the European Union are getting a new positive impetus,” he said.
      The negotiating group of the Armenian side will be headed by the Head of the General Department of Civil Aviation of the Republic of Armenia Sergey Avetisyan.
      Negotiating delegation from the European Union side is headed by the Deputy Head of Unit for Aviation Agreements of the European Commission xKlaus Geil.
      In the frames of this agreement the Republic of Armenia will join the EU Common Aviation Area, and as a result the parties will liberalize the market, providing the airlines with the opportunity to operate the routes without any limitations and enjoy equal opportunities of servicing a market with a population of 500 million.
      The effective European standards will be introduced in the Republic of Armenia and the Armenian and foreign airlines will be provided with the opportunity to operate air routes based on commercial considerations without any limiting interference by the states.
      We should note that on 1 December of 2016 the Council of EU Transport Ministers adopted a mandate that allowed the European Commission to start negotiations with the Republic of Armenia.
      http://www.armradio.am/en/2017/04/27...ort-agreement/
      Hayastan or Bust.

    7. #1327
      Azatavrear Eddo211's Avatar
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      Re: Armenia's Economic Pulse

      That is good news.
      B0zkurt Hunter

    8. #1328
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      PV Magazine
      May 2 2017


      Armenia announces tender for 55 MW solar project
      The Armenian Ministry of Energy Infrastructure and Natural Resources has prequalified ten companies in the preliminary phase of the tender for the project, which will be located in Masrik, Gegharkunik province, in the eastern part of Armenia.
      May 2, 2017 Emiliano Bellini

      Armenia’s Ministry of Energy Infrastructure and Natural Resources announced it will issue a tender for the construction of a 55 MW PV power plant in Masrik, Gegharkunik province, eastern Armenia. State-owned press agency Arka reports that already 40 unspecified developers have expressed interest in the project, and that only 10 were prequalified for the tender.
      Deputy Minister Hayk Harutyunyan said the project’s required investment should be between $40 million and $60 million. The tender is scheduled to be completed in the second quarter of next year. The minister also said that the project could be expanded to 100 MW at a later stage, depending on the investor’s interest.
      The project is part of the national plan for the development of renewable energies and is one of six PV plants with a combined capacity of 110 MW that the government is currently supporting through a recently created ad hoc commission.
      The commission is formed by representatives from the Ministry of Energy Infrastructure and Natural Resources, the Ministry of Finance, the Ministry of Economic Development and Investments, the Ministry of Justice, the Ministry of Environmental Protection, the Central Bank and the State Services Regulatory Commission.
      In late April, the Republic of Armenia Ministry of Economic Development and Investment announced it exempted solar project developers from paying customs duties on the import of PV components for the first time.
      In mid-April, the Ministry of Energy announced the start of construction on the country’s third 1 MW PV plant being developed under the special tariff regime introduced by the Armenian Public Services regulation commission (PSRC) in December 2016.
      The Armenian government is currently supporting PV projects up to 1 MW through a FIT scheme and residential and commercial solar up to 150 kW through net-metering.
      Armenia’s six-year $58 million solar program is directed by the Renewable Energy and Energy Efficiency Foundation, a non-governmental organization whose mission is to facilitate investments in energy efficiency and renewable energy in Armenia. The scheme is also supported by the Climate Investment Funds, the Armenian Ministry of Energy and Natural Resources, the World Bank, and the Asian Development Bank.
      https://www.pv-magazine.com/2017/05/...solar-project/
      Hayastan or Bust.

    9. #1329
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by Haykakan View Post
      PV Magazine
      May 2 2017


      Armenia announces tender for 55 MW solar project
      The Armenian Ministry of Energy Infrastructure and Natural Resources has prequalified ten companies in the preliminary phase of the tender for the project, which will be located in Masrik, Gegharkunik province, in the eastern part of Armenia.
      May 2, 2017 Emiliano Bellini

      Armenia’s Ministry of Energy Infrastructure and Natural Resources announced it will issue a tender for the construction of a 55 MW PV power plant in Masrik, Gegharkunik province, eastern Armenia. State-owned press agency Arka reports that already 40 unspecified developers have expressed interest in the project, and that only 10 were prequalified for the tender.
      Deputy Minister Hayk Harutyunyan said the project’s required investment should be between $40 million and $60 million. The tender is scheduled to be completed in the second quarter of next year. The minister also said that the project could be expanded to 100 MW at a later stage, depending on the investor’s interest.
      The project is part of the national plan for the development of renewable energies and is one of six PV plants with a combined capacity of 110 MW that the government is currently supporting through a recently created ad hoc commission.
      The commission is formed by representatives from the Ministry of Energy Infrastructure and Natural Resources, the Ministry of Finance, the Ministry of Economic Development and Investments, the Ministry of Justice, the Ministry of Environmental Protection, the Central Bank and the State Services Regulatory Commission.
      In late April, the Republic of Armenia Ministry of Economic Development and Investment announced it exempted solar project developers from paying customs duties on the import of PV components for the first time.
      In mid-April, the Ministry of Energy announced the start of construction on the country’s third 1 MW PV plant being developed under the special tariff regime introduced by the Armenian Public Services regulation commission (PSRC) in December 2016.
      The Armenian government is currently supporting PV projects up to 1 MW through a FIT scheme and residential and commercial solar up to 150 kW through net-metering.
      Armenia’s six-year $58 million solar program is directed by the Renewable Energy and Energy Efficiency Foundation, a non-governmental organization whose mission is to facilitate investments in energy efficiency and renewable energy in Armenia. The scheme is also supported by the Climate Investment Funds, the Armenian Ministry of Energy and Natural Resources, the World Bank, and the Asian Development Bank.
      https://www.pv-magazine.com/2017/05/...solar-project/
      Finally. Solar and Wind power is something Armenia can not only use, but also build. Solar Power especially. We have everything domestically ready to build these things. Wind power in Armenia has about a 500mw exploitable opportunity. Seems like a good target and project for the government to try to take.

    10. #1330
      Registered User arakeretzig's Avatar
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      Re: Armenia's Economic Pulse

      http://panarmenian.net/eng/news/239072/

      self-destruction is continuing. How will we look about at this period in 100 years and who will we blame.

    11. #1331
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by arakeretzig View Post
      http://panarmenian.net/eng/news/239072/

      self-destruction is continuing. How will we look about at this period in 100 years and who will we blame.
      A lot of the folks have just built a complex in their heads that they need to leave Armenia. My last trip to Armenia included people constantly talking about coming to the USA and Russia. They see people that migrate to the USA who drive a taxi or a truck popping champagne bottles and they think that the living here is great. They all know about welfare programs and other "fast money" schemes. I found it insulting that the majority wanted to come to the USA for welfare programs, but ironically none would go to Sweden for even better welfare programs. I keep saying that it is the fault of the Diaspora that enables mass emigration from Armenia.

      The thing is, your average Armenian has in their mindset the same mentality as many midwesterners in the USA that I've encountered. On their minds, the only thing is to "get out." The very act of leaving Armenia or Ohio to them is seen as a major accomplishment. The act of living in Los Angeles, even though you're drowning in debt and drive a salvaged car, is seen as a life's accomplishment. To speak to these people and tell them that they are better off in Armenia developing themselves and their lands is as if you're hiding from them the greatest treasure in the world and only want it for yourself.

      I met Syrian Armenians that move to Armenia. They all work hard and try to make a living. I feel for them, but they do their best and get by.Your average hayastansi is an entitled little kid that refuses to grow up and constantly dreams of running away from home.

    12. #1332
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      Re: Armenia's Economic Pulse

      .


      .
      Politics is not about the pursuit of morality nor what's right or wrong
      Its about self interest at personal and national level often at odds with the above.
      Great politicians pursue the National interest and small politicians personal interests

    13. #1333
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      China To Donate More Ambulances To Armenia
      May 11, 2017

      Armenia - An ambulance in Yerevan donated by the Chinese government.

      China will donate 200 new ambulances to Armenia soon as part of its
      continuing economic assistance to the country, the Armenian government
      said on Thursday.

      The government announced the impending donation as it approved a draft
      Chinese-Armenian agreement on "technical-economic cooperation" at a
      weekly session in Yerevan chaired by Prime Minister Karen Karapetian.

      "After the delivery of these vehicles, the Armenian side will be able
      to fully satisfy domestic demand for ambulances," read a government
      statement issued after the meeting.

      The statement noted that the Chinese government already provided
      Armenia with 88 such vehicles several years ago.


      Armenia - Chinese buses donated to Yerevan's public transport system,
      24Mar2012.

      Armenia has received Chinese economic aid on an annual basis ever
      since 1999. It totaled $37 million between 2012 and 2014, according to
      the Armenian Foreign Ministry. That included an $11 million grant
      provided in 2013 for the construction of a Chinese school in Yerevan
      and the purchase of equipment for the Armenian customs service.

      In 2012, Beijing also donated 250 brand new Chinese-manufactured buses
      to Yerevan's public transportation system.

      China's President Xi Jinping and his Armenian counterpart Serzh
      Sarkisian agreed to deepen ties between their nations then they met in
      Beijing in 2015. In a joint statement, they noted "mutual
      understanding on issues relating to pivotal interests and concerns of
      the two countries."

      A high-ranking Chinese military official visited Yerevan last month,
      holding talks with Defense Minister Vigen Sargsian and the chief of
      the Armenian army staff, Lieutenant General Movses Hakobian. The
      Armenian Defense Ministry said they reached agreements on "expanding
      cooperation and implementing a number of mutually beneficial
      projects."
      Hayastan or Bust.

    14. #1334
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      ONEX launched OnexMarket.com online platform for selling exclusively Armenian production to Russian customers.


      The company informs that this is the first similar platform in Armenia.x The system allows customers from Russia to buy directly from the manufacturer at prices almost equal to the Armenian retail rates.

      “Onex Market gives large, medium and why not small manufacturers the unique opportunity to sell their products out of the country without being engaged in the organizational processes of export and delivery costs.

      Several months of preparatory works resulted in the creation of a website, which meets all the standards of international online trade and has more than thousand product names, including Armenian shoes, carpets, backgammon and chess, natural cosmetics, technics, leather and handmade goods,” the company’s message reads.

      Being the official representative of Pony Express Russian postal service in Armenia, ONEX.am “guarantees fast and reliable delivery of purchased goods to any address in Russia.”

      Within the frames of this initiative ONEX Market together with Idram online payment system developed a totally new for Armenia mechanism of money distribution among several bank accounts during the international transaction. Thanks to this mechanism, the manufacturers can see the order details and transferred money in his/her account within seconds after the transaction. x

      The company founders aim at creating the Armenian analogue of world famous ebay. If now the ONEX Market staff fills the website assortment, then the manufacturers will have their own “seller’s page” after the second release, which will allow them to moderate their product lists.

      The platform will start selling to USA and Europe in the nearest months.

      ONEX expresses hope that its project will help raise the level of export of Armenian production and make it more recognizable worldwide.xxx

      http://www.banks.am/en/news/newsfeed/13793
      Hayastan or Bust.

    15. #1335
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      Re: Armenia's Economic Pulse

      Seven leading US companies interested in investing in Armenia’s energy sector
      13:10, 12 May, 2017
      YEREVAN, MAY 12,
      https://www.armenpress.am/eng/news/8...gy-sector.html

      Seven American companies are willing to invest in Armenia’s renewable energy sector. More substantial discussions on their intentions and interests will be held on May 17 during the renewable energy conference in Armenia.

      Matthew Eussen, head of the political and economic department of the US Embassy in Armenia, told ARMENPRESS the renewable energy conference is the continuation of those efforts which are aimed at strengthening economic ties between Armenia and the US. According to him, the energy sector is a growing sector in Armenia, and renewable energy – namely solar and wind energy, have great potential here.
      “During this conference we present 7 leading American companies, which are interested in the market, and the interest can be the foundation for establishing partnership. This conference gives practical opportunities for companies to see what potential exists, how they can work and take practical steps, in the direction of constructing 55 megawatt solar stations and installing solar batteries on rooftops.

      In terms of other possibilities, real and practical steps are ready to be made”, he said, adding a tender process will be held for building the 55 megawatt station, and from the submissions the best design proposal will be selected, which will have the chance to carry out the work.
      Eussen said an average of 200 million dollars is invested for building this kind of stations, while the construction works and new jobs bring additional benefit to boosting the country’s economy. According to him, a greater interest exists among American companies towards Armenia’s energy system.

      As a successful business operation of an American company in Armenia, Eussen pointed out Contour Global’s acquisition of the Vorotan hydro cascade. He also noted that Armenia is planning to carry out energy exchange with Georgia, which means the market isn’t limited only with Armenia, it becomes bigger and wider.

      The conference is organized by Contour Global and Ameriabank. Matthew Eussen also added that in addition to the energy branch, US companies are also interested in the mining and agriculture branches of Armenia. “By working with the Armenian government, we try to ensure favorable conditions in order for the business environment to be interested in making investments”, he said.

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