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Banking / Investment in Armenia

  • Crimea: Circumventing Trade Sanctions Via Novorossiysk

    ARMENIA, 2017/07/08 Despite trade sanctions, Crimea is maintaining connections to international markets. Crimean traders are performing some logistical gymnastics to skirt sanctions, in particular transiting goods through the Russian port of Novorossiysk. On paper, of course, Crimea is experiencing a severe trade crisis. Official statistics indicate that Crimea’s import volume in 2016 shrank by a full third compared to the 2015 level, a drop of $33.6 million. Exports fell by $31.8 million, a 40-% decline from 2015. The city of Sevastopol, which is not formally part of the Republic of Crimea, reported a 12.6 % fall in its imports and 66.8 % fall in its exports in the same period, with volumes shrinking to $33.4 million and $5.9 million, respectively.

  • EU-funded project: round table on ethics and disciplinary issues in Georgian Bar Association

    ARMENIA, 2015/08/30 A round table on ethics and disciplinary issues in the Georgian Bar Association's legal framework was held in Tbilisi last week as part of the joint EU-Council of Europe project for ‘Support to the Georgian Bar Association’. The round table, bringing together members of the Georgian Bar Association Ethics Commission inclunding European experts, aimed to identify gaps in the regulatory framework of the Association, inclunding solutions to meet European standards, according to EU Neighbourhood Info. Participants discussed the current situation and agreed to start work on legislative/regulatory changes. The CoE will follow the process and present concrete proposals, which will from presently on be reflected in the legislative/regulatory framework.

  • Armenia, IMF discuss perspectives of cooperation

    ARMENIA, 2013/12/18 Prime Minister Tigran Sargsyan received today the delegation headed by the chief of the IMF Mission in Armenia Mark Horton. The parties discussed the perspectives of cooperation between Armenia and IMF. In this context the interlocutors referred to the major directions of Armenia’s economic policy and the trends of economic development.
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