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 offered 51.5 million euros ($72 million) for the license, well above the government’s minimum asking price of 10 million euros. The two other bidders, Tele2 AB of Sweden and the British-Irish group CEO Blackrock Communications, offered 45.6 million and 31.7 million euros respectively.

Orange will operate with +374 (0) 55 and +374 (0) 95 codes. If by the end of the first operation year the operator fails to distribute more than 60 per cent of the numbers, the Public Services Regulatory Commission of the Republic of Armenia is entitled to appropriate the unused ones.

The new operator will be provided with GSM frequencies and possibility of 3G services.


Also you can find more from Ditord’s blog.


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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. The loads were not previewed for Armenia they were Azerbaijani wagons loaded with fuel.

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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. The decision is motivated by the Armenian banks’ risk management.

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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 Soviet Banking system and law obedient Soviet citizens were encouraged to hold their savings there – which was one of the reasons, why after the collapse of the USSR and downfall of the Soviet Ruble it had huge depts to Armenian citizens. In fact it ows me, personally – about 2000 Soviet Rubles. In Kocharyan era the bank was sold to Armenian oligarch of Karabakh origin – Mika Baghdasaryan for a ridiculously small amount of money, to be soon resold to Russia’s Vneshtorgbank.

The couse of blogger discontent lies in the fact, that as part of it’s bid for acquiring the Azerbaijan’s AF-Bank, VTB have forced their Armenian subsidiary to close down their branch in Nagorno-Karabakh. Clearly – this is politics intruding into business, so bloggers are urging everybody to close their accounts at VTB.

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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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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.

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