• Loading...
  • Loading...
  • loading...

Global news

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

34efedca9cba82cd8e44009ab93fd0c2

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 ...

Read More »

Volkswagen plans 30,000 job cuts worldwide

vw-thumb

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 ...

Read More »

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

opc-thumb

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 ...

Read More »

Armenia to get $50mn from Asian Development Bank

1

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 ...

Read More »

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

default-2

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, ...

Read More »