  Ingo Armenia, Cascade Insurance merge February 24, 2012 - 14:37 AMT PanARMENIAN.Net - Ingo Armenia and Cascade Insurance have announced the launch of merging process. “With our deal, insurance market acquires a large company with vast professional potential providing insurance services on a global level,” Ingo Armenia CEO said. Refraining from announcing ‘price’ of the deal, Levon Altunyan noted that it is expected to be finalized by the end of 2012 first quarter. He further said that as a result of the merger a solid financial base will be established, as well as a broad agency network of professionals will be formed providing quality service.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
