Category: 2022

 10:10,

YEREVAN, JULY 25, ARMENPRESS. Prime Minister Nikol Pashinyan is taking a vacation starting Monday, July 25th, his office said in a statement.

The Prime Minister will spend the vacation in Armenia.

 10:18,

YEREVAN, JULY 25, ARMENPRESS. Farming businesses acquired around 2150 new agricultural equipment within the framework of the Agricultural Equipment Leasing Support Program which is implemented through government subsidy.

The purpose of the program is to increase the agricultural output and cut the farmers’ expenses.

Ministry of Economy Agricultural Program Development, Resource Use and Cooperative Development Department Chief Ira Panosyan told ARMENPRESS that they launched the program in 2017 as the agricultural equipment used by farmers was old and required upgrade.

The government is subsidizing the interest rate of the leasing. The banks issue 14% interest rate leasing, 12% of which is subsidized by the government so that the leasing is accessible to the farmers for 2%. The leasing is issued for a 10-year term, depending on the value of the equipment. The average term is 6 years.

However, farmers working in border towns and those who suffered disabilities in the military and are now in the farming business get a full subsidy.

Panosyan said the program is giving good results and the agricultural equipment in Armenia is being gradually upgraded.

“Since the beginning of the program around 2150 units of equipment were issued as part of 10 billion dram leasing. And only as of the 6 months of this year, 1,4 billion drams of agricultural leasing has already been issued,” she said.

Aside from increasing output and cutting spending, the program has an ecological goal given the emissions from old equipment.

Interview by Anna Grigoryan

 11:43,

YEREVAN, JULY 25, ARMENPRESS. Deputy Minister of Economy Armen Arzumanyan received Ambassador of Poland to Armenia Pawel Cieplak to discuss the prospects of bilateral cooperation in economic sector, the ministry said in a news release.

The sides touched upon issues on boosting the commercial partnership, increasing the trade turnover volumes and improving the bilateral indicators in this direction.

During the meeting Armen Arzumanyan proposed to consider the possibility of establishing Armenia’s trade representation in Poland.

Issues relating to the holding of the session of the Armenian-Polish Inter-governmental Commission by yearend were discussed.

 11:53,

YEREVAN, JULY 25, ARMENPRESS. Deputy Minister of Economy Arman Khojoyan submitted to the Eurasian Economic Commission Armenia’s 2022 demand for individual agricultural goods, the ministry of economy said in a press release.

As a result of discussions the EEU Council members approved the indicative balances of Armenia’s 2022 demand and supply of agricultural products, developed jointly with representatives of authorized bodies of member states.

According to predictions, the volume of wheat consumption in Armenia in 2022 will amount to 377 thousand tons. To ensure food security in the domestic market, the required amount of this crop will be supplemented at the expense of increasing the supplies from Russia up to 275 thousand tons by yearend. The same goes for barley and corn, 43 thousand and 60 thousand tons respectively.

The volume of sunflower oil demand is forecast around 27 thousand tons. The required amount until yearend will be entirely ensured by supplies from Russia.

 12:10,

YEREVAN, JULY 25, ARMENPRESS. HayPost CEO Hayk Karapetyan announced his resignation.

In a letter published on social media, Karapetyan said he assumed the position two years ago to implement the digital transformation of the postal operator. 

He said that over the course of his tenure his team realized “huge changes in digital transformation, staffing, financial, tariff, commercial, service, post exchange modernization and international directions.”

Karapetyan added that he believes that this phase of the transformation is completed and therefore he is resigning.

He thanked for the trust and expressed gratitude to his team for working round-the-clock.

 12:27,

YEREVAN, JULY 25, ARMENPRESS. The Orchestra of the General Staff of the Armenian Armed Forces will perform at the Spasskaya Tower International Military Music Festival, the Festival Board told TASS.

Folk songs and motives will be a part of the program of the Armenian military orchestra.

The Orchestra of the General Staff of the Armed Forces of Armenia was founded in 1992. It has participated in more than 2000 events. The first participation of the Orchestra to the Spasskaya Tower was held in 2017. The festival will take place at Moscow’s Red Square from August 26 to September 4, 2022.

 12:32,

YEREVAN, JULY 25, ARMENPRESS. The government of Armenia allocated 10,8 million drams for the organization of the Pan-Armenian Olympiad on Armenian Studies, the ministry of education, science, culture and sport said in a press release.

The Olympiad will take place in the first half of August and will be attended by around 90 delegates from Armenia, Artsakh and the Diaspora.

The Pan-Armenian Olympiads on Armenian Studies are taking place once in 2 years. They aim at promoting the knowledge of Armenian language, literature, history and culture among Armenian children living abroad, helping to recognize Armenia and strengthen ties with the homeland.

The first Olympiad was held in 2003.

14-18 aged students with respective knowledge participate in the Olympiad. However, students, who do not speak Armenian, but have sufficient knowledge of Armenian history and culture, could also participate.

The Olympiad lasts a week, during which, in addition to competitions, other events are also organized. Visits are organized to Armenia’s beautiful sites, as well as the participants have a chance to meet with famous figures of different spheres.

 12:44,

YEREVAN, JULY 25, ARMENPRESS. Armenia’s economic activity index increased by 11.8% in January-June 2022 compared to the same period of the previous year, the data released by the Statistical Committee says.

The industrial production volume grew 5.8% in January-June compared to the same period of the past year.

Gross domestic agricultural production volume declined by 5.5% compared to the same period of 2021.

Construction volume registered a 12.7% increase in January-June.

The increase in trade turnover comprised 10.7% in the first six months of this year.

The volume of services increased by 26.9%.

The growth in consumer price index is 8.1%, that in industrial production price index – 7.8%. Electricity production volume increased by 14.8%.

44% growth was registered in the external trade turnover volumes in January-June 2022 compared to January-June 2021. The export growth at this period comprised 36.3%, and the import growth – 48.7%.

The dram exchange rate against the US dollar comprised 468.24 in January-June 2022.

 12:54,

YEREVAN, JULY 25, ARMENPRESS. 965 new cases of COVID-19 have been confirmed in Armenia in the past one week, the ministry of health said.

The total number of confirmed cases has reached 425,365.

6158 tests were conducted within a week.

7 death cases have been registered. The death toll has risen to 8633.

The number of recoveries rose by 547, bringing the total to 413,901.

The number of active cases is 1144.

Kuwaiti emir's son named prime minister

 14:08,

YEREVAN, JULY 25, ARMENPRESS. Kuwait named the emir's son as prime minister on Sunday, replacing caretaker premier Sheikh Sabah al-Khalid who faced a combative parliament amid a feud between the government and elected assembly that has hindered fiscal reform, Reuters reports.

Crown Prince Sheikh Meshal al-Ahmad al-Sabah, who took over most of the ruling emir's duties late last year, named Sheikh Ahmad Nawaf al-Sabah to the post in a decree and asked him to propose a new cabinet for approval.

Sheikh Ahmad was deputy prime minister and interior minister in the outgoing government, which had submitted its resignation in April ahead of a non-cooperation motion in parliament against Sheikh Sabah, who had been premier since late 2019.

Sheikh Ahmad, in his late 60s, began his career with the police force and then entered the interior ministry. After his father Emir Sheikh Nawaf al-Ahmad took power in 2020 he was appointed deputy head of the National Guard.