Armenia to Add $320 Million in New Loans as Public Debt Reaches Record Levels
Armenia's government is set to approve $320 million in new foreign borrowing on Thursday, adding to a public debt that has more than doubled since Prime Minister Nikol Pashinyan came to power in 2018. The financing package includes two long-term loans from the Asian Development Bank and the World Bank. According to the government, the money will help finance this year's state budget deficit, projected at 536 billion drams, or about $1.47 billion. Officials expect the deficit
38 minutes ago
Armenian-Arabic Journalist Raffi Boghosian Elected President of Golden Globe Foundation
Armenian-Arabic producer and journalist Raffi Boghosian has been elected president of the Golden Globe Foundation's Board of Directors, taking the top leadership role at the nonprofit organization that funds film education, journalism initiatives and preservation projects around the world. Boghosian announced his election in a social media post, calling it an honor to lead the foundation. "I'm honored to share that I have been elected President of the Golden Globe Foundation,
3 hours ago
Armenia Completes Major Restoration Project at Old Khndzoresk, Making Ancient Cave City Easier to Explore
One of Armenia's most remarkable historic sites is now easier and safer to explore after a major conservation and tourism project transformed visitor access to Old Khndzoresk, the centuries-old cave settlement in Syunik Province. The initiative, called "Echoes of the Land," has been completed at the Old Khndzoresk Historical and Cultural Reserve following nearly two years of work focused on preserving the landmark while improving its infrastructure for both domestic and inter
7 hours ago
System of a Down’s John Dolmayan Says He No Longer Supports Trump, Cites Gaza War as Turning Point
INTERVIEW: System of a Down drummer John Dolmayan says his views on President Donald Trump have changed, telling The Armenian Report that while he once supported many of Trump’s policies, he can no longer back him because of what he described as Trump’s support for Israel during the war in Gaza. Dolmayan’s comments came after System of a Down frontman Serj Tankian suggested in a recent interview that his longtime bandmate may no longer be a Trump supporter. Speaking to Rollin
22 hours ago
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