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Eurasian Week International Forum kicks off in Yerevan, Armenia


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...

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Armenia ranked 70 in Global Competitiveness Index


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...

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Russia is turning into a country of non-cash turnover


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...

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Iranian energy minister announces launch of talks on supplying electricity to Russia via Armenia


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....

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Greece leaves EU aid program, gets last 15 billion euro


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...

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Apple is first public company worth $1 trillion


The iPhone maker's market value reached the figure in New York on Thursday and its shares closed at a new record high of $207.39. The stock has been rising since Tuesday when it reported better than expected results for the three months to June. Apple beat Silicon Valley rivals such as Amazon and Microsoft to become the first to hit the $1 trillion valuations. Since the iPhone first went on sale in 2007, Apple shares have soared by 1,100% and...

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China is ready to respond to US threats to increase duties


China is fully prepared to respond to US threats to increase tariffs and take the necessary countermeasures to protect its interests, according to a statement by the Ministry of Commerce of the PRC. Wednesday morning, Bloomberg, referring to three people familiar with the situation, reported that the US administration plans to propose the introduction of duties in 25% on imports of Chinese goods and services worth $ 200 billion. As explained by...

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