Economy
Armenia Becomes the Second Largest Market for Georgian Electricity Exports
In the first nine months of 2024, Armenia imported 1 billion kWh of electricity from Georgia, marking a 28.8% decrease from the previous year. Export revenue fell by 48.8%, totaling $49 million. The average export price also decreased by 28.1%…
Global Oil Prices See Significant Gains After OPEC+ Postpones Production Increase
Oil prices jumped sharply on Monday after OPEC+ announced its decision to delay December’s planned production increase by one month. The market remains tense as it anticipates both the U.S. presidential election and a key meeting in China this week.…
Ttujur-Berd Road Renovation Underway
The H-38 national highway connecting Ttujur in Gegharkunik to the Berd region in Tavush Province is undergoing extensive renovations, financed by Armenia’s state budget.
Yerevan-Batumi direct flights starting from December 26
From December 26 to January 12, “Armenian Airlines” will operate special New Year’s direct flights to Batumi, according to a report from Armenian Airlines to Azat TV. Starting on December 26, Armenian Airlines will run direct New Year’s flights to…
Armenia’s Position in Global Export Rankings: 2023 Results and Analysis
According to the latest data from the World’s Top Exports portal, global exports reached a record $23.27 trillion in 2023, marking a 24% increase compared to 2019. Against this backdrop, Armenia secured the 104th position with exports totaling $8.37 billion.…
New Energy Programs in Armenia and Their Impact on the Economy
According to Azat TV the energy sector in Armenia is currently on the threshold of important reforms and development programs aimed at reducing external dependence and promoting economic stability. However, to what extent are these programs sufficient for the country’s…
Daron Acemoglu Wins 2024 Nobel Prize: Armenian-American Economist’s Triumph
Armenian-American economist Daron Acemoglu has been awarded the 2024 Nobel Prize in Economic Sciences, along with Simon Johnson and James A. Robinson, “for studies of how institutions are formed and affect prosperity.” Born in Istanbul in 1967, Acemoglu is a…
Rolls-Royce has introduced the updated Ghost
Rolls-Royce has introduced the updated Ghost. The sedan has changed slightly in appearance, for example, it has received different headlights and taillights, acquired a new body paint, the latest generation multimedia, and new interior materials. As before, Rolls-Royce will offer…
Chinese robots can mimic human facial expressions and emotions
Robots created by the Chinese company Ex-Robots are difficult to distinguish from humans: they have visible veins on the outside and lines on their palms. They can mimic human facial expressions and emotions – something that is revolutionary in the…
Ford introduces the new generation of the Expedition SUV
Ford has introduced the new generation of the Expedition SUV. The model has received a new look, two different wheelbase lengths, an off-road Tremor version, and a split rear tailgate similar to the Lincoln Navigator. The engine lineup still includes…
Wildberries Co-founder Files Lawsuit for Over 350 Billion Rubles Against Wife and Company
Vladislav Bakalchuk, co-founder of Wildberries, has filed a lawsuit for over 350 billion rubles against Wildberries LLC, his wife and company co-founder Tatiana Kim (formerly Bakalchuk), and RVB, a joint venture between Wildberries and the advertising operator Russ. Forbes reports…