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  • Archive for October, 2009

    Investments of VivaCell in Armenia for 2010 are envisaged in the amount of $55 million – General Director

    Friday, October 30th, 2009

    Investments of VivaCell in Armenia for 2010 are envisaged in the amount of $55 million”, said Ralph Yirikyan, General Director of the company on Thursday in Sevan.

    VivaCell-MTS company’s 3G network available in 47 Armenian cities

    Friday, October 30th, 2009

    Ralf Yirikian, director general of VivaCell-MTS, told journalists on Thursday that the mobile telecommunication operator has launched 3G network in 47 cities of Armenia.

    Armenian credit organizations’ aggregate capital grows by 25.8% in Q3 to 25.9 billion Drams

    Friday, October 30th, 2009

    Armenian credit organizations’ aggregate capital grew by 25.8% in Q3 to 25.9 billion Drams, the Central Bank of Armenia said in its brief review of the credit organization’s activities in Q3.

    Ameriabank to open 9 ATMs more in Yerevan and beyond it

    Friday, October 30th, 2009

    Ameriabank said in a press release that it operates now 32 ATMs and will open two more soon, one in Ararat and another in Vardenis. Overall, the bank will open 9 ATMs more before the end of the year.

    Armenia drams gains by one point against USD

    Thursday, October 29th, 2009

    Armenia drams gains by one point against USD

    Capital of banks of Armenia made 258.3 billion drams

    Thursday, October 29th, 2009

    Total capital of banks in Armenia made 258.3 billion drams.

    Ameriabank posts 1.1 billion drams of net profit for the first 9 months

    Thursday, October 29th, 2009

    An Armenian commercial Ameriabank said in a statement that its net profit for the first nine months of 2009 doubled from a year before to 1.1 billion Drams, the third largest net profit reported by an Armenian bank for the same time span.

    Effect of bailout steps already visible in Armenia

    Thursday, October 29th, 2009

    Armenian government’s bailout measures have already produced some results, Finance Minister Tigran Davtyan said at a press conference on Wednesday.

    HSBC Bank Armenia, EBRD to co-finance large business

    Wednesday, October 28th, 2009

    EBRD and HSBC Bank Armenia signed a co-financing agreement on Wednesday.

    Expert: Armenian real estate market needs better investment environment

    Wednesday, October 28th, 2009

    Armenia should improve investment environment on its real estate market