Oragne to become Armenia’s third cellular operator

Oragne, a world-famous subsidiary of France Telecom has been chosen to become Armenia’s third cellular operator after submitting the highest bid for a relevant government license, said Susanna Tonoyan, a spokesperson for the Armenian Ministry of Transport and Communications.
Orange offered 51.5 million euros ($72 million) for the license, well above the government’s minimum asking price [...]

Iran-Armenia railway.Time to start.

After the reconstruction of the bridge on Georgia-Armenia railway, the regular load on its way to Armenia was blasted over again, this time 10 km from Gory to Khashury. The blast took place when the train was passing the bridge. The loads were not previewed for Armenia they were Azerbaijani wagons loaded with fuel.

Western Union international money transfer system is prohibited in Armenia.

According to the Armenian Central Bank Council August 25 decision, Western Union international money transfer system is prohibited in Armenia. The council decided to prohibit participation of the Armenian banks in the mentioned system and annul the contracts with it. The decision is motivated by the Armenian banks’ risk management.

Armenian bloggers boycott Vneshtorgbank

Ditord writes
Armenian bloggers have initiated a boycott of VTB Bank Armenia and are inviting everyone to join the action. Better known as “Savings Bank of the Republic of Armenia” (Armsavingsbank) was founded
in 1923 and was the pillar of Soviet Banking system and law obedient Soviet citizens were encouraged to hold their savings there – which [...]

Azerbaijan warns “Western Union” for operations in the Nagorno-Karabakh Republic

-Azerbaijan’s central bank has called on local banks to halt operations with the world’s top payment transfer company, Western Union because it works in the Nagorno-Karabakh Republic.

ArmenTel was fined 300 million drams ($1 million)

Armenian Telecom Operator Fined $1 Million
YEREVAN (RFE/RL)–The national telecommunication company ArmenTel was fined 300 million drams ($1 million) by state anti-trust regulators on Wednesday for allegedly seeking to squeeze Armenia’s leading Internet service providers out of business.

ARMENIA.MOBILE THIRD OPERATOR TO BE ANNOUNCED IN DECEMBER

17 companies have applied for participating in the tender to get license of third mobile operator and use radio frequency, said Susanna Tonoyan, the press secretary of the Ministry of Transport and Communication to Panorama.am.

ARMENIA MORE FAVORABLE STATE THAN AZERBAIJAN AND GEORGIA

Finding it crucial to closely monitor weak states – their progress, their deterioration, and their ability to withstand challenges – the Fund for Peace, an independent research organization, and FOREIGN POLICY presented the fourth annual Failed States Index 2008. Using 12 social, economic, political, and military indicators, the institutes ranked 177 states in order of [...]

Armenia leans on Iran.

Iran does not have too many friends these days, but in a far corner of the Caucasus, on the edge of Europe, it is forming a special relationship.
Deep in the cellar of the Noy Brandy factory in Yerevan, Armenia, there is a pungent, but not unpleasant smell of ageing, fortified wine. On an upturned wooden [...]

VIVACELL BRAND COMPANY LEADS TAX PAYERS’ LIST

VivaCell brand company “Gh-Telecom” leads the list of tax payers in the first three months of 2008 according to the official data published by the State tax Service. Note that the current company was the fourth one in the previous year compared with the present data.

Pledges to Invest in Armenia Continue, $560 Million Committed

YEREVAN (Armenpress)-The Chairman of the Union of Armenians in Russia, Ara Abrahamian, and the president of Russia’s Bamo holdings Murad Muradian, pledged over the weekend to invest over $100 million each in Armenia’s economy. Their commitments raise the total amount of pledges made since President Sarkisian’s appeal to the Diaspora last week to $560 million.

ARMENIA.BUSINESSMAN SAMVEL KARAPETIAN READY TO INVEST 250 MLN USD

RA President Serge Sargsian made an address to the RA citizens and world spread Armenians during “Baze” All-Armenian youth gathering calling on them to be more active and full of initiative to flourish the motherland with joint efforts.Russian-based Armenian businessman Samvel Karapetian first responded to the call of the President, Armenpress reported. In his letter [...]