Armenia’s national air carrier has announced the suspension of flights after months of financial difficulties, promising to return after reforms in winter.
It said that Rosaeronavigatsia’s September 11 statement in which it threatened to prohibit Air Armenia from operating flights to Russian cities from September 21 caused great damage to the Armenian company.
Prime Minister Hovik Abrahamyan described next year’s state budget drafted by his government as “socially oriented” as discussions of the country’s main financial document began at the National Assembly on Tuesday.
But a number of opposition lawmakers said the document fails to address many problems, including in the provinces.
Armenia has moved four positions up in the latest Doing Business index released by the World Bank.
On the list of 189 nations Armenia occupies 45th place as opposed to its 49th “Ease of Doing Business” rank in the previous edition of the report.
Armenia’s economic indicators are still within the limits of the government projection, while Western sanctions against one of Armenia’s main partners, Russia, do not appear to have yet affected the key indicators of the South Caucasus nation’s economy, according to a statistical update released on Monday.
From July 1, 2015, Armenia is to make a switchover from analogue to digital broadcasting, Committee to Protect Freedom of Expression (CPFE) Chairman Ashot Melikyan said during a related discussion on Thursday.
Armenians have decided to come together and become more prominent in the world’s largest internet-based encyclopedia, Wikipedia, for which all Armenians are urged to contribute to the project.
The campaign known as “One Armenian, One Entry” is in full swing today. It was first launched in March through the joint initiative of Wikimedia Armenia NGO and the Armenia TV’s Human Factor program.
The Armenian government appears to have bowed to pressure from hundreds of small traders demanding changes in a controversial new tax regulation enforced from October 1.
Representatives of mostly small enterprises again gathered near the government office on Monday, demanding a meeting with Prime Minister Hovik Abrahamyan and discussion of ways of settling the dispute.
One of Armenia’s largest entertainment complexes that also represents an original architectural structure was recently transferred to the Defense Ministry and got the status of a military unit over the debts contracted by its owner.
Citing challenges facing the country’s economy, the International Monetary Fund (IMF) has lowered Armenia’s GDP growth forecast from 4.3 to 2.6 percent.
Mark Horton, the head of the IMF Armenia mission, said on Tuesday: “Armenia is facing a challenging period ahead with the developments in the region and with the uncertainties around the sanctions [against Russia].” He said the Armenian government should seek to offset the unfavorable external factors with major structural reforms implemented “as decisively as possible.”
The head of the Armenian National Airlines says that despite problems the company faces they will continue working and realizing flights on schedule.
Armenian Nationl Airline Air Armenia executive director Arsen Avetisyan on Friday told reporters that the company had problems concerning payments which was mainly caused by EU and US sanctions over Russia.