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The daughters of Azerbaijan’s president have a secret offshore company in the British Virgin Islands that was set up last year to help manage their multimillion-pound property portfolio in Britain Source – http://yelaket.am/?p=3265&l=en

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Leyla and Arzu Aliyeva – who have cultivated high profiles inside and outside their home country – are shareholders in Exaltation Limited, leaked documents reveal. The company was incorporated in April 2015 with the purpose of “holding UK property”. The London law firm that set it up, Child & Child, claimed – wrongly – that the two women had no ...

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Coca-Cola Hellenic Armenia and Art Lunch employees have cleaned up Dalar river bank Source – http://yelaket.am/?p=9185&l=en

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Coca-Cola Hellenic Bottling Company Armenia has implemented yet another sustainability project, in the frame of which 5.5Km of Dalar river bank in Aghveran are, Kotayk province, have been cleaned up. “Apart from doing business, Coca-Cola Hellenic Armenia has always priorities environmental protection and sustainable development. This is something we advocate to our employees, partners, as well as the whole community. ...

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The 11th International Festival of Puppet Theatres will launch on September 9 with the support of Coca-Cola Hellenic Armenia Company Source – http://yelaket.am/?p=9742&l=en

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The International Festival of Puppet Theatres “Tumanyan Fairy Tale Day” will kick off in Armenia for the 11th year in a row on September 9, organized by the International Puppetry Association Armenia (UNIMA-Armenia). The festival aims to enliven the cultural life in Armenia’s provinces, Nagorno Karabakh (Artsakh) and Javakhk. This year, the event will be held in Lori and Shirak ...

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Armenian NA factions divided over 2017 draft budget

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Armenia’s Parliament continued discussing the 2017 draft budget on Friday. Members of parliamentary factions made speeches. The speakers representing the factions of the Rule of Law, Armenian National Congress and Prosperous Armenia parties said their factions would vote against the 2017 draft budget. On the other hand, the Armenian Revolutionary Federation Dashnaktsutyun (ARF-D) and the ruling Republican Party of Armenia ...

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Volkswagen plans 30,000 job cuts worldwide

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Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany, the BBC reports. VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars. VW says it will create 9,000 jobs as part of investments in new products. The cuts ...

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OPEC moves closer to oil output deal as Iran gets new offer

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OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, Reuters reports quoting ministers and sources as saying on Friday. Iran has been the main stumbling block for such a deal because Tehran wants exemptions as it tries to regain oil ...

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Armenia to get $50mn from Asian Development Bank

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YEREVAN. – The Government of Armenia and the Asian Development Bank (ADB) on Wednesday signed a loan agreement for the project toward carrying out repairs to the highway leading from Vanadzor town to the border with Georgia. The loan will be provided in euros equivalent to $50 million; that is, about €44 million. Finance Minister Vardan Aramyan, and ADB Country ...

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Poland ambassador: I hope there will be no further obstacle ahead of signing Armenia-EU agreement

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YEREVAN. – I hope that there will be no further obstacle ahead of the signing of the agreement between Armenia and the European Union (EU). Polish Ambassador to Armenia, Jerzy Marek Nowakowski, said the abovementioned at a press conference on Wednesday. The diplomat recalled that Deputy Foreign Minister Garen Nazarian, who represents Armenia in the respective negotiations with the EU, ...

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