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Tag Archives: armenia

Electric Yerevan – Protests Enter Seventh Day

Electric Yerevan

Mass protests in the Armenian capital against a hike in electricity tariffs entered their seventh day on Thursday, with both government figures and opposition leaders refusing to blink in a deepening standoff that has brought parts of Yerevan to a standstill. Hovik Abrahamyan, the Armenian prime minister, accused protesters of …

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Police Use Force to Clear Baghramian Avenue Protest Site

armenia protest

The Armenian police used force and special means to clear the site of sit-in demonstration in a central Yerevan street after a night of standoff with activists protesting against rising electricity prices. In the early hours on Tuesday, special police forces used water cannons and other equipment to disperse the …

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World Bank approves $52m project to boost power supply reliability in Armenia

world bank armenia

The World Bank Board of Executive Directors has approved a US$52 million loan for the Electricity Transmission Network Improvement Project for Armenia. According to a press release, the new project will improve the reliability of the power transmission network and system management, and support the Government’s efforts in ensuring adequate …

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Armenia Saw 3.9% Rise of Economic Activity Last Year

Armenia’s economic activity indicator between January and December of last year exceeded the indicator of the same period in 2013 by 3.9 percent. As “Armenpress” reports, the National Statistical Service of the Republic of Armenia has presented the preliminary major macroeconomic indicators based on a current and operative summary that shows the socio-economic situation in the …

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Armenia experiencing increase in construction through foreign loans

International financial organizations have provided AMD 33 billion 246.9 million for construction in Armenia through the period between January and November of 2014. According to the statistics of the National Statistical Service, the indicator has risen by 15.2 percent compared to last year. Reportedly, half of the funding provided for …

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German Loan To Strengthen Georgian-Armenian Energy Ties

The Armenian government secured a 85.2 million euro (105.6 million USD) loan from Germany aimed at facilitating a new transmission line between the national power grids of Georgia and Armenia. Germany’s KfW bank disbursed the loan through an agreement which was signed by one of its executives in Yerevan, along …

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