Tag Archives: economy

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 … Continue reading

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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. … Continue reading

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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. … Continue reading

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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 … Continue reading

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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.

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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.

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