ARKA News Agency - eng

Trump's Nvidia deal turns Armenia into an "unexpected" AI hub - Bloomberg At the center of Bloomberg’s report is Firebird’s data center in Hrazdan , which is expected to expand to 300 MW and more than 70,000 advanced Nvidia chips by the end of 2027 . According to Firebird, the facility could become the largest computing cluster in the region and one of the largest in Europe. 🇦🇲 One-fifth of its computing capacity is…

"Independence is the most important thing we have," Pashinyan Armenian Prime Minister Nikol Pashinyan, speaking on the occasion of the 35th anniversary of Armenia's independence, stated that independence is the most important thing we have today. "Because it is our state that can guarantee the preservation and development of our identity, our culture, it is our state that can guarantee the continuity of our history,…

EU plans to invest €250 million in the development of Syunik — Maragos The European Union plans to invest €250 million in Armenia's Syunik region to promote the region's development and support businesses, stated Ambassador Vasilis Maragos, Head of the EU Delegation to Armenia. "Next week we are traveling to Syunik, where we plan to invest €250 million in the region's development and business support," Azatutyun…

Armenia preparing to build a new ANPP: what is known about its plans until 2041 Armenia is simultaneously implementing a program to extend the operation of Unit 2 of the Armenian Nuclear Power Plant (ANPP) and preparing for the construction of a new nuclear power unit. The primary target for the existing plant is 2036. However, the technical plan approved by the government includes work to justify the feasibility of…

Armenian citizens may be allowed to send part of their income tax to media outlets, NGOs, and political parties When filing their tax returns, Armenian citizens will be able to independently select a public organization, media outlet, or political party to which funds from their income tax will be allocated. The Armenian government approved the corresponding legislative initiative at a meeting on Thursday. Armenian…

Why a stronger dram doesn't necessarily lead to lower prices for imported goods - 5 factors The strengthening of the Armenian dram can curb imported inflation, but the exchange rate is only one factor in the final price of a product. Prices are simultaneously affected by the global price of goods, the currency of specific foreign trade transactions, logistics, energy, and other costs. This is particularly evident…

Pashinyan ruled out a downturn in Armenia's economy and attributed the decline in exports to a decline in re-exports Armenian Prime Minister Nikol Pashinyan declared that there was no downturn in the country's economy, pointing to a 6% GDP growth rate for the first half of 2026. "Armenia's GDP growth for the first half of the year was 6%. There are dozens and hundreds of countries that dream of 1-2% economic growth.…

Poverty is declining in Armenia, extreme poverty is close to being eradicated – Labor Minister Armenian Labor and Welfare Minister Arsen Torosyan stated that poverty rates in Armenia continue to decline. During government hour in parliament on Wednesday, he was asked to announce the country's poverty rates for 2025, to which he replied that last year's data would be published soon. He also announced the figures for…

Does the Firebird AI factory threaten Armenia's water resources? What's confirmed and what's still missing A figure of nearly 1.9 million liters of water per day has been circulating publicly. However, an analysis conducted by ARKA found that this estimate is not a confirmed figure for Firebird’s water consumption. Here is what we found: ▪️ the operating AI factory in Hrazdan uses a closed-loop system and dry…

Armenia faces challenges in stabilizing economic growth – Central Bank Governor Armenia faces challenges in stabilizing economic growth, stated Martin Galstyan, Chairman of the Central Bank of the Republic. "Of course, it's very difficult to predict which specific direction should drive economic growth, because everything around us is changing so rapidly that the drivers, naturally, can also change," he said…