Business & Economy

If nothing noteworthy happens in the economy of Armenia, the foreign currency fluctuations will be a permanent topic of discussions in media. After a rapid growth, in the end of the week the national currency started falling down. Since July 9 the average rate of USD (according to the CB) has fallen down from 418.64 …

Vartan Oskanyan’s comments on his facebook wall seem to be the continuation of the former prime-minister Hrant Bagratyan’s letters and critics concerning the economic policy in Armenia. Yesterday the finance deputy minister Vartan Aramyan answered to the comments of the former foreign affairs minister. He is the same person who usually answers to the comments …

People in Armenia speak a lot about Nagorno Karabakh. But they speak about this issue mainly in two situations; either during any incidents at the border line or if there is any news about the conflict settlement negotiations. Even now, when presidential campaign is going on in Karabakh, very little information comes to Armenia and …

ArmRusGazArd company has published the comprehensive report on 2011 financial operations. The report writes that the company closed the year with AMD15.4 billion loss. In 2010 the company’s loss was AMD10.8 billion. The accumulated loss on December 31, 2011, was AMD28.5 billion. Now we see why the ARG delayed the publication of the annual report. …

According tour information, employees of the state sector are complaining about the social assistance package proposed by the government. In 2012 the government decided to provide AMD132,000 to 120.000 employees of the state sector. Beneficiaries can use AMD80,000 on vacation, education and several other purposes. As the first vacation period has started, the beneficiaries want …

During the past two months we have discussed the issue of ArmRusGazArd (ARG) company’s policy and situation for two times. These processes directly concern and may affect on the gas import to Armenia. The first impact may be before the upcoming election, and the second one after that. The company’s comprehensive report 2011 has been …

“The government will support 11 sectors of the economy, which have more development potential. Unfortunately there are shady parts and abuse of super-influence in the economy, which may endanger the fulfillment of the government’s project,” said the head of the faction on financial and budget affairs Gagik Minasyan. It is clear that Minasyan tried to …

Yesterday by first and second hearings the RA NA approved the amendments to the RA Law on Sevan Lake, which allows to drain 150 million cubic meters of water from Sevan. Moreover, the second reading was adopted much faster. Reminder: On June 14, speaking at a cabinet session, head of the Water Committee, Andranik Andreasyan, …

During the government’s session held yesterday the government’s project was 2012 was approved, which contain mainly three priority directions such as increase of economic competition, long-term economic development and development of human capital and institutional capacities. According to the prime-minister, the project is based on the ideology that the state must create conditions for good …

The government’s new project has been published and approved by the new government. However, this government cannot be called new because even the president said that there had not been any drastic changes in the government. One of the chapters of the project is called “expected outcomes of the government’s work”. This chapter writes that …