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  Real Estate Market NEWS  
24/02/2010
World's tallest building opens for business
Burj Dubai, renamed Burj Khalifa in honour of the ruler of Abu Dhabi who came to Dubai’s rescue during its financial crisis, is currently the world’s tallest building. Designed by the Chicago office of Skidmore, Owings & Merrill LLP (SOM), the tower measures 828 metres from its base to the tip of its >>>
11/02/2010
Grimshaw celebrate St Botolphs progress
Grimshaw is celebrating the topping out of St Botolphs, a substantial commercial building in London's east end. The scheme, developed for Minerva plc and providing over 560,000 sq ft of lettable space, is Grimshaw’s largest in the City of London to date. Located on an island site near Aldgate, St >>>
11/02/2010
Details of 'great park' in London revealed
The London 2012 Olympic Park is to become the largest urban park in the UK for over 100 years, the Olympic Delivery Authority has advised. With two years to go until the international events take place work is currently underway to create 250 acres of parklands on former industrial land which will be >>>
10/02/2010
Construction of new subway station in Yerevan to begin in 2011
Paylak Yailoyan, director of Yerevan subway, said last Friday construction of a new station to stretch to Achapnyak quarter of the city will kick off in 2011. He said the construction will be backed by a loan from the Asian Development Bank and a government allocation. He said talks with the bank >>>
02/02/2010
10 Home Features Buyers Want
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It's all about family togetherness – casual living, entertaining and flexible spaces," says Carol Lavender, >>>
22/01/2010
New head of HSBC Bank Armenia intends to continue cooperation with country’s all organizations
On Thursday, Astrid Clifford, who will succeed Tim Slater, chief executive officer of HSBC, on February 1, expressed hope for continuation of cooperation with all the organizations of Armenia. At the reception held by HSBC Bank Armenia, she thanked the bank for a warm welcome and said the first meetings >>>
21/01/2010
Astrid Clinford to be appointed new HSBC Director
Astrid Clinford will hold the position of Chief Executive Director of HSBC Bank Armenia starting February 1, 2010. He will replace incumbent Director Tim Slater. The appointment of a new director should be confirmed by Central Bank of Armenia (CBA), HSBC Bank >>>
21/01/2010
Armenian government approves business environment improvement program
Armenian government approved a business environment improvement program on Thursday. Armenian Economy Minister Nerses Yeritsyan, speaking at Thursday’s cabinet meeting, said the program has already been discussed in various concerned agencies. “There are some problems with Yerevan municipality >>>
18/01/2010
Araratbank’s credit portfolio grows by 33% in 2009 to 16.175 billon drams
The credit portfolio of Araratbank grew by 33% in 2009 to 16.175 billon Drams, its executive director, chairman of board, Ashot Osipyan, said at a news conference today. He said the growth was secured by external sources of financing, including the European Bank for Reconstruction and Development >>>
18/01/2010
In January-November 2009 the number of real estate transactions was increased by 5.3% in Armenia
In January-November 2009 the number of real estate transactions was increased by 5.3% making more than 137.1 thousand compared with the same period of 2008. State Committee of Cadastre of Armenia informed that during the reporting period of 2009, 34.8% from total transactions was registered in Yerevan >>>
15/01/2010
Beeline expanded 3G communication in Armenia’s large cities
ArmenTel CJSC (Beeline trademark), subsidiary of Russian VimpelCom in Armenia expended its 3G communication via Armenia’s large cities, company’s press service informed NEWS.am. 3G network is provided in Gyumri, Vanadzor, Etchmiadzin and Abovyan cities. Besides, dozens of points of sales opened in >>>
15/01/2010
Serzh Sargsyan to visit Moscow
January 18, 2010 RA President Serzh Sargsyan and First Lady Rita Sargsyan will pay a visit to Russia at the invitation of Russian President Dmitry Medvedev. In the course of the visit the prospects of strategic partnership between the two states, as well as regional issues will be in focus, RA Presidential >>>
25/12/2009
Armenia should become transit country: Shevket Shaydulin
Armenia has potential and should become a transit country, for which certain efforts are already carried out, South Caucasus Railways CJSC General Director Shevket Shaydulin stated at the Dec. 24 press conference, underlining that currently Georgia also makes such an attempt, using its geographical position. >>>
25/12/2009
NA Speaker appreciates Parliament’s activities
Speaker of the RA Parliament Hovik Abrahamyan appreciates its activities this year. He pointed out that the Parliament enhanced its efficiency – it has adopted 327 laws this year. Abrahamyan stressed that the Parliament is now more influential as a political body. “The Parliament must become a platform >>>
16/12/2009
Genocide Resolution supported by two more Senators
U.S. Senators Barbara Boxer and Joe Lieberman as well as Representative Linda Sanchez this week joined the group of legislators supporting the Armenian Genocide Resolution, the Armenian National Committee of America (ANCA) reports. “The new support for this human rights legislation comes in the wake >>>
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