Economy
15:58 20/08/2014
Safaryan: Sale of Vorotan Hydro Cascade will lead to electricity price increase
The head of the Union of Native Producers of Armenia is opposed to the sale of Vorotan Hydro Cascade.
“I do not support the initiative to sell Vorotan Hydro Cascade. It should be state ownership since hydropower plants produce the cheapest electricity,” Vazgen Safaryan told a press conference in Yerevan.
Safaryan also said it would be wrong economically to sell the hydro cascade, “especially as it will lead to an increase in electricity prices.”
“Therefore, we should not sell it, but should construct the second unit of Yerevan TPP,” he stressed.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:05
Opposition politician: France responded to Pashinyan's 'absurd' comments
Opposition politician Eduard Sharmazanov, a senior member of the Republican Party of Armenia (RPA), claims the French envoy’s latest...
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16:30
Israel, Hezbollah reportedly close to a ceasefire deal
A ceasefire deal between Israel and the Lebanese militant group Hezbollah is “very close,” a regional source told CNN on Sunday,...
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16:15
Temperatures set to plunge in Armenia
Rain and snow are forecast for most parts of Armenia from Monday to Friday.
The capital Yerevan will also see precipitation till Thursday...
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16:02
Armenian companies help Russia evade Western gold trade sanctions, study reveals
Hetq, and the Russia-focused independent media outlet The Insider, have revealed that companies in Armenia are aiding Russia to circumvent gold...
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15:36
Major car crash leaves several wounded in Armenia
Several people were wounded in a major car crash in Armenia's Aragatsotn Province on Monday.
The Rescue Service reported that a Nissan...
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15:15
HIV infections rising in Armenia
Health officials have reported an increase in HIV infection rates in Armenia in recent years.
A total of 462 new HIV cases were confirmed in...
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14:36
Cosmetic doctor sues Ronaldo over ‘unpaid’ bill
Footie superstar Cristiano Ronaldo is being sued by a cosmetic doctor over an alleged unpaid £40,000 bill, The Sun reports.
Dr...
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14:06
Russia remains committed to ensuring Armenia's security, envoy says
Russia remains committed to its security obligations towards Armenia, including through the Collective Security Treaty Organization (CSTO),...
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13:32
World Chess Championship kicks off in Singapore
The FIDE World Chess Championship Match 2024 is taking place in Singapore from November 25 to December 13.
The championship is...
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13:01
'Genuinely Yours': ARARAT presents new communication platform
“Genuinely Yours” new communication platform of ARARAT is a new chapter in the history of the brand. ARARAT continues its...
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12:36
Azerbaijan used COP29 to step up anti-Armenian propaganda, MP says
Armenia gained nothing in return for supporting Azerbaijan's bid to host the COP29 UN climate summit which concluded on Sunday, opposition...
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12:00
Cargo plane crashes into house in Lithuania, killing one
A DHL cargo plane crashed into a house as it made its approach to land at Lithuania’s Vilnius airport early on Monday, killing one person...
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11:45
Today is legendary commander Monte Melkonian's birthday
November 25 marks the birthday anniversary of legendary Armenian commander, philosopher and warrior Monte Melkonian. He would have turned 67...
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11:30
Fog hits Syunik highlands
The Rescue Service has warned drivers about a closed road in Armenia.
The road linking the Amberd high mountain meteorological station to...
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11:15
World Cadet Championship: Armenia's Tyhran Ambartsumian among leaders
The World Cadet Chess Championship 2024 is coming to a close in Montesilvano, Italy.
CM Tyhran Ambartsumian is among the leaders before...
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11:00
Putin, Erdogan hold phone call
Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan discussed relations between the two nations during a phone...
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17:00
Armenian church honors St Gregory the Thaumaturgus and others
The Armenian Apostolic Church on Saturday commemorates St Gregory the Thaumaturgus, Nicholas the Bishop and St Myron the Wonderworker....
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16:30
Banner at Armenian church in Watertown vandalized, police say
A banner at St. Stephen’s Armenian Church in Watertown has been vandalized, Watertown News reports, citing local police.
The...
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16:02
At least 3 arrested as Montreal anti-NATO protests turns violent
Montreal police say at least three people were arrested after protests turned violent Friday evening, with demonstrators throwing objects at...
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15:45
Expert: Armenia pinned hopes on 'European fairy tales' and became isolated
Arthur Khachikyan, an international relations expert from Stanford University, claims the Armenian government’s poor foreign...
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15:07
Armenian-Russian relations 'in agony', expert says
Hayk Khalatyan, a political analyst at the Verelq Information and Analytical Center, on Saturday accused Prime Minister Nikol Pashinyan and his...
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14:32
Powerful Israeli airstrike kills 11 people in central Beirut
A powerful airstrike killed 11 people in central Beirut on Saturday, the Lebanese civil defence said, shaking the capital as Israel pressed its...
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14:15
Expert: Armenian-Azeri talks somewhat stalled
Political analyst Suren Sargsyan claims the Armenian-Azerbaijani peace talks have somewhat stalled amid the change of government in the United...
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13:33
Temperatures set to plunge next week
Clear weather is expected in Armenia's regions over the weekend.
Rain and snow are forecast for most parts of the country next week....
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13:06
Magnitude 4․3 quake hits Azerbaijan, felt in Armenia
A magnitude 4․3 earthquake struck Azerbaijan on Saturday afternoon.
The quake was recorded 42 km northeast of the town of Goris in...
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12:35
Opposition MP slams Pashinyan's Western Armenia remarks
Opposition Hayastan faction MP Levon Kocharyan has blasted Prime Minister Nikol Pashinyan's remarks on Western Armenia and Baku’s fake...
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12:00
MP Hovik Aghazaryan says decided on his parliament seat
MP Hovik Aghazaryan of Armenia’s ruling Civil Contract party has made a decision on his parliament seat.
The deputy has told the media...
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11:36
US lawmakers request classified briefing on Turkey’s ties to Hamas
More than three dozen Democratic and Republican lawmakers are calling on the Biden administration to offer a classified briefing on...
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11:15
Armenia's Mushegh Mkrtchyan wins bronze at World Military Wrestling Championships
Armenian serviceman Mushegh Mkrtchyan (92 kg) has clinched a bronze medal at the 37th CISM World Military Wrestling Championships in Yerevan,...
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11:00
Switzerland bans exports to Polish firm after Swiss-made ammunition ends up in Ukraine
The Swiss government said Friday it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of...
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