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Diners Club International to enter Armenian market in 2 months: UBA chairman
Diners Club International to enter Armenian market in 2 months: UBA chairman
2012-02-21 17:00
Credit AM News Compiler:  Diners Club International, one of the world’s leading payment systems, will enter the Armenian market within the next two months, said Ashot Osipyan, the Union of Banks of Armenia (UBA) chairman, on Tuesday.

EU starts free trade agreement talks with Armenia
EU starts free trade agreement talks with Armenia
2012-02-21 10:41
Credit AM News Compiler: The European Union on Monday decided to launch negotiations on a deep and comprehensive free trade area with Armenia in order to boost economic growth and investment with the Eastern European Partner.

Armenian alcohol on demand abroad
Armenian alcohol on demand abroad
2012-02-21 10:37
Credit AM News Compiler: YEREVAN. – Armenia exported 9.6 million liters alcohol beverages amounting to $132 million last year, State Revenue Committee at the Government reports. It occupies the second position in the export yielding only to products of copper concentrate. The export increased by over 30% as compared to last year (it was 7.6 million liters for $96.8 million in 2010).
“ARMBUSINESSBANK” CJSC has signed a Memorandum of Understanding
“ARMBUSINESSBANK” CJSC has signed a Memorandum of Understanding
2012-02-20 12:02
Credit AM News Compiler: “ARMBUSINESSBANK” CJSC has signed a Memorandum of Understanding with “The Pragma Corporation”, primary Contractor implementing Enterprise Development & Market Competitiveness Program (“EDMC”), becoming thus one of the three partner banks to the Program.
Mars Inc to put Snickers and other candies on diet
Mars Inc to put Snickers and other candies on diet
2012-02-17 17:01
Credit AM News Compiler: Mars Inc., the maker of Snickers and Twix candy bars, will stop selling chocolate products with more than 250 calories in them by the end of next year, the Star.com reported, citing a spokeswoman.
World Bank expects Armenia’s GDP to grow by 4.2% in 2012-2013
World Bank expects Armenia’s GDP to grow by 4.2% in 2012-2013
2012-02-17 14:38
Credit AM News Compiler:  The World Bank expects Armenia’s GDP to grow by 4.2% in 2012-2013, World Bank Country Manager for Armenia, Jean-Michel Happi, said to a news conference today.
Sony to rename company
Sony to rename company
2012-02-17 10:56
Credit AM News Compiler: Sony said Thursday it had completed its purchase of the Sony Ericsson mobile phone joint venture and turned the company into a subsidiary, which it will soon rename Sony Mobile Communications, Pcworld.com reported.
Armenia’s Reso Insurance company seals first contracts under new social package
Armenia’s Reso Insurance company seals first contracts under new social package
2012-02-15 09:39
Credit AM News Compiler: Armenia’s RESO insurance company has already concluded several dozen of contracts to provide medical insurance as part of a new social package, the company’s press office told ARKA News Agency on Tuesday.
Dollar nears AMD 389 in Armenia
Dollar nears AMD 389 in Armenia
2012-02-14 18:12
Credit AM News Compiler: The US dollar’s average exchange rate against the Armenian dram (AMD) was AMD 388.96/$1, at NASDAQ OMX Armenia stock exchange on Tuesday.
To note, the stock exchange saw no foreign currency trading on Monday and on February 10, and the dollar gained value by 0.06 percent, or by 0.25 points, as compared with February 9. The trading session had started at AMD 389/$1.

Total amount of transactions in USD at Nasdaq OMX Armenia stock exchange on February 6-10 was $12.1 million
Total amount of transactions in USD at Nasdaq OMX Armenia stock exchange on February 6-10 was $12.1 million
2012-02-14 09:43
Credit AM News Compiler: The total amount of transactions in USD at Nasdaq OMX Armenia stock exchange on February 6-10 was $12.1 million, by 31.1% less compared with previous week. During the reporting period no transactions in euro were effected. The average weighted exchange rate of USD at NASDAQ OMX in January was 388.62 drams.

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