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Police reinforce its positions at Khoreatsi Street

Policemen's actions against Daredevils of Sasoun escalate situation even more

Armenian NSS warns that it has to take stricter actions for preventing new crimes by Daredevils of Sasoun

VTB Bank (Armenia) resumes service of transfers from card to card via Visa Direct system

Ombudsman presented his position and proposals related to events in Erebuni

View from Berlin: Establishment of Turkish bases in Azerbaijan testifies to Turkey's independent geopolitical game in Eurasia

Armenia's Police urge demonstrators to find another place to hold protests

German political analyst says Western forces may be behind orange revolutions and coup attempts in post- Soviet countries

Forecast: Eradication of ISIL and other organizations in Afghanistan, Iraq and Libya will result in spillover of war to Southern Europe, France and Germany

German political analyst: New gold war emerged, as Russia refused to accept Western model of development

Armenian Police: "Daredevils of Sasoun" have been provided with food

Alliance Party officially joins people's movement in support of "Daredevils of Sasoun" and their demands to Armenia's leadership

"Daredevils of Sasoun" group disclaims Police reports: Skirmish occurred in area of seized building not on neutral territory

Deputy Minister of Economy does not specify final date of Armenia-EU new framework agreement

Tigran Balayan: Armenia's leadership has repeatedly commented on normalization of relations with Turkey

Wounded members of "Daredevils of Sasoun" undergo surgery

Armenian Police make statement on past night's skirmish

Armenian Police: Armed group that seized Police Patrol Service Regiment has burnt three police cars in territory of seized building

Two members of armed group "Daredevils of Sasoun" wounded overnight and taken to hospital

Rebels burn two police cars on territory of seized building

Newspaper: Zhirayr Sefilyan does not refuse from the demand of Serzh Sargsyan's resignation

Oppositionists at Khorenatsi Street demand from Armenian authorities to refute information that armed groups from Chechen Republic are arrivING in the country

In H1, Anelik Bank registered growth of incoming money transfers by 26% y-o-y amid growth of outgoing transfers by 41% y-o-y

Charges pressed against three citizens for using violence against policemen in Yerevan

Founding Parliament: Helicopters of the 102nd Russian military base are on the way to Yerevan

National Security Service of Armenia reports new detentions and exposure of criminal group tied with "Daredevils of Sasoun"

Charges pressed against six citizens, another six citizens detained related to mass disorders in Yerevan

Delegation of Armenian Armed Forces General Staff travels to Minsk

National Security Service of Armenia calls on "Daredevils of Sasoun" to display their reasonableness, put down arms and surrender

Forecast: Precedent of "Daredevils of Sasoun" may spark more attempts of radical steps against authorities

Oppositionist says major topic of possible Sefilyan-Sargsyan meeting will be peaceful resolution of standoff rather than resignation of president

Members of opposition group threaten with civil disobedience throughout Armenia

Viva-Cell MTS offers roaming in Europe at special tariffs

TUMO Center for Creative Technologies to open in Koghb, near border village in Tavush region

Vitaly Balasanyan assures: President will invite Jirayr Sefilyan for a talk, after "Daredevils of Sasoun" put down arms and surrender

Democratic Party of Armenia comes out from political position, as standoff continues in Yerevan

Azerbaijan keeps violating ceasefire on Karabakh-Azerbaijan Line of Contact

Night at seized police patrol service station passed without incidents: Standoff in Yerevan enters day 8

"Daredevils of Sasoun" burn police car

Mass media: Activist Ani Navasardyan detained on charge of provoking mass unrest

Serviceman of NKR Defense Army killed from adversary's shot

Group of journalists arrives at seized building of the Police Patrol Service Regiment

Investigative Committee: Charges pressed against three citizens of Armenia for participation in mass disorders

"Sasna Tsrer" released the rest two hostages -Osipyan and Yeghiazaryan

Russian Foreign Ministry criticized EU's statement on events in Yerevan

Major General Vitaly Balasanyan provides details of his meeting with "Daredevils of Sasoun"

Armenian Foreign Ministry verifying if there were citizens of Armenia among Munich shooting casualties

National Security of Armenia confirms: Members of armed group voluntarily release two of four hostages

National Security Service of Armenia says two persons tied to armed group detained

Nikol Pashinyan: Levon Ter-Petrosyan and Serzh Sargsyan plot yielding territories around Nagorno Karabakh to Azerbaijan

Regional

Carrefour hypermarket to be launched in Yerevan

  • Tuesday, September 11, 16:17

 A hypermarket of Carrefour SA (France), one of the largest international retail networks, will be launched in Yerevan.  

ArmInfo's correspondent has been told by a reliable source that the Carrefour hypermarket will occupy an area of up to 10,000 sq m in the new largest Dalma Garden Mall owned by Tashir Group. The total area of Dalma Garden Mall is almost 50 thsd sq m, the trade area is about 40 thsd sq m. The ground level parking area is accommodated for 742 parking stalls. The opening of the hypermarket is scheduled for November 2012.

The source says that the Carrefour hypermarket will work in Yerevan on the basis of franchising belonging to Majid Al Futtaim Holding (UAE), which is the regional franchise holder of the Carrefour network of supermarkets. Iyad Malas, CEO of Majid Al Futtaim Holding, told the Russkie Emiraty magazine that Majid Al Futtaim Holding is already working in 13 countries of the world, and has recently included several CIS countries in its portfolio, among them
Kazakhstan, Azerbaijan, Georgia and Armenia. The company is going to open its first Carrefour supermarket in Georgia in the near future. In January it opened a supermarket in Iraq. To recall, at present Majid Al Futtaim Holding has 45 supermarkets.

By the number of its stores (over 15,000), Carrefour holds the first position in Europe and the second position in the world. The network has four formats: hypermarkets, supermarkets, discount stores and corner stores. 

The range of the Carrefour hypermarkets includes up to 80,000 food and nonfood items. The total staff of the network numbers over 400,000 people. The investments in the opening of the hypermarket in Yerevan are not reported, but experts think that they may amount to 6-8 mln USD.

According to ArmInfo's data, Majid Al Futtaim Holding, the franchise holder of Carrefour, started studying the possibilities of entry to the Armenian market several years ago. The market experts think that the work of such a large foreign retail brand is impossible without clear and effective rules of customs and tax administration. In this regard, the experts think that the most important decision of the Government may be to revise the customs value of the commodities calculated on the basis of real invoices, not on the customs "menu" principles. Observers believe that the opening of Carrefour will have
a strong effect on the competitive environment in the sphere of Armenia's orderly retail marketing, which is currently divided among 3 large networks.

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