Russian President Vladimir Putin has ratified the interim agreement on creating a free trade zone between the Eurasian Economic Union and Iran, ARMENPRESS reports, citing “Ria Novosti”. The agreement signed on May 17 in Astana during an economic forum is about a 3-year term. According to the agreement, the parties undertake to start talks on a full free trade agreement no later than a year after the entry into force of...

The G20 format is successfully working on important issues of the world economy and development, said German Chancellor Angela Merkel. "Since the founding of this format, we have shown that together we can better solve the problems of the world economy and development," the chancellor said in a video message, traditionally posted on Saturday on the website of the country's government. "Germany has benefited from international trade," Merkel...

The Eurasian Week International Forum kicked off in Yerevan on October 22. Before the launch of the plenary session, acting Prime Minister of Armenia Nikol Pashinyan, Chairman of the Board of the Eurasian Economic Commission (EEC) Tigran Sargsyan, other high-ranking officials, and guests toured the pavilions, got acquainted with the capacities and programs of the participating companies. The exhibition part includes companies of the EAEU...

In the Global Competitiveness Index (2018) of the World Economic Forum (WEF), the Republic of Armenia ranked 70th. On October 17 of this year, the World Economic Forum published the Annual Report on the Global Competitiveness Index 2018. According to the results of the 2018 rating, Armenia ranked 70th with an average score of 59.9. In particular, of the 12 factors of competitiveness, the improvement occurred due to eleven...

Russia is turning into a country of non-cash turnover, more than a third of all expenses of Russians pass through bank cards, Sberbank CEO German Gref told reporters. "More than a third of all expenses of Russians pass through bank cards, every second operation on bank cards passes through contactless technology: either it's ApplePay, GooglePay or AndroidPay, or it's NFC technology on bank cards," he said. According to him, transfers from card...

Iran’s energy minister Reza Ardakanian announced that Iran has launched talks on the possibility to supply electricity to Russia via the territory of Armenia, TASS reports. “We have launched talks with Armenia on the possibility to supply electricity to Russia”, the minister said. He added that joining the European electric networks is an important task for Iran, stating that Tehran has several options for reaching this goal....

Greece received on Monday the final 15-billion-euro payment from its eight-year bailout programme in what creditors hailed as proof that tough austerity measures were "paying off." The payout by the European Stability Mechanism (ESM), the eurozone's bailout fund, comes ahead of the formal end on August 20 of Greece's third financial rescue package since 2010. In total 9.5 billion euros ($11 billion) of the tranche will be used to build up...