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YEREVAN. – The real estate prices in Armenia are virtually unchanged in July of this year, as compared to the same period last year, reported Haykakan Zhamanak daily. “But this, [is] in terms of the [Armenian] dram. Given that real estate in Armenia is traditionally listed in [US] dollars, it should be noted that [the price of] real estate has fallen by nearly 15 percent [in the country]. (…). But the volumes of apartment sales and purchases [also] have con...

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...