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The President of Armenia, Serzh Sargsyan, on Saturday issued a congratulatory address on Victory and Peace Day. “Dear compatriots: “I cordially congratulate you on the occasion of Victory and Peace Day. “Today is a special jubilee day. It marks the 70th anniversary of the historic victory in the Great Patriotic War. It was the crushing blow of the multinational Soviet army that decided the outcome of the war in Europe in May 1945. “From fighting on...

YEREVAN. – The American national currency (USD) exchange rate against the Armenian dram (AMD) was AMD 481.39 $1 in Armenia on Wednesday, a 0.77 point rise as compared to the previous day. The exchange rate for one euro was AMD 539.78 (up by AMD 5.43), that of one British pound was AMD 730.75  (up by AMD 3.96), and the rate of one Russian ruble was AMD 9.61 (up by AMD 0.26), informed the press service of the Central Bank of Armenia. One gram of silver, gold, and p...

The mayor of a small village in Normandy is offering plots of land for just 1 euro a square meter - but only to those who promise to build a house and live there full time.  In total the village has put 4 civil owned plots of between 900 to 1,000 square meters up for sale. The mayor, Patrick Madeleine, is struggling to raise money to renovate the community hall and hopes the arrival of new families will raise municipal revenue. "We're in a period where money is...

The central Fresno house that famed Armenian-American author William Saroyan lived in for the last 17 years of his life is in foreclosure and headed to auction in May.  The simple stucco tract home at 2729 W. Griffith Way, just west of Cooper Middle School, has had three different owners since Saroyan's death in 1981 and has fallen into foreclosure twice, according to Fresno County public property records.  Neighbor Ernie Baca said the house has been used as a...

YEREVAN. – According to official data, the annual real estate purchase and sale transactions in Armenia have dropped by 30.6 percent, including 34.5 percent in capital city Yerevan, from January to March of the current year. But against the backdrop of the apartments’ mass offers, less number of apartments is purchased in the country. Such a sharp decline in demand should have led to price changes in the housing market. The official prices, however, are “a...

The average monthly nominal salary in the highest paying segment of the economy of Armenia - the financial and insurance activities, in November 2014 compared to November 2013 increased by 1.3% to 373,628 drams, according to the National Statistical Service of Armenia. The lowest paid spheres in Armenia became the scope of other services, where salaries amounted to about 107.6 thousand  AMD, the scope of the organization of accommodation and catering - 110.9 thousand AMD...

The aggregate loan portfolio of Armenia’s banks amounted to AMD 2 163 billion in 2014 after growing 21.2% over the year. ARKA News Agency’s analysis shows that Ameriabank, VTB Bank (Armenia), Ardshinbank, HSBC Bank Armenia and Armbusinessbank were largest lenders among the country’s banks in 2014. These banks’ aggregate loan portfolio amounted to AMD 1 135.7 billion and made up 52.5% of the total lending of the country’s banks. Ameriabank, with...

Armenia has a very liberal immigration policy favoring free movement of persons and business immigration. Immigrating to Armenia is a fast and relatively low cost procedure. Immigrants are not required to make large investments, purchase real property, obtain health insurance, speak Armenian etc.

If you want to get the best view of Aurora Borealis, it is best to be as far away from light pollution as possible. So this new floating hotel could be the perfect answer for holidaymakers who want to spend their evenings looking skyward for a glimpse of the glorious Northern Lights. Rather appropriately, the new luxury hotel will be shaped like a snowflake and will be based in the fjords near the Norwegian town of Tromso, which sits within the Arctic Circle - one of the best...