Business & Economy

According to “Mediamax” agency, the Yerevan Brandy Factory (YBF) will stop exporting brandy to Russia as of April 1. Russia is going to stop the import of alcoholic drinks with old expiration dates as of April 1, and will stop the sale of alcoholic drinks as of July 1. New dates have been issued already …

Of course several banks didn’t agree with this idea. The head of the CB has threatened the Armenians banks saying that if the union of banks doesn’t agree with this, he will solve the problem with the help of Mass Media. If we take into account that for these violations banks are imposed penalties and …

Head of the “Great Valley” brandy company, MP Tigran Arzakantsyan has bought a brandy company in France. According to him he has bought a factory in France in order to be able to use the word “Cognac” on their brand. He says that consumers are used to the word “Cognac” and usually don’t use the …

“It is ArmenTel’s fault, it is the provider’s fault, it is the fault of the company that provides services to people. They had to install filters on the Internet connection so as not to let other outside providers make any violations”, said the RA transport and connection minister A. Manukyan in response to Arshak Sadoyan’s …

Parallel to the development of this market, it is also very important to improve the conditions. It’s no secret that a lot of citizens are dreaming of buying apartments with mortgage credits. We talked to the chairman of “Unibank”, Vardan Atayan on possible developments of this market and related issues. – How can you explain …

The study shows that Armenia has thought about giving a long-term (until 2013) monopoly to “ArmenTel” in the telecommunications field beforehand, during the beginning stages of the reconstruction period. According to the WB, Armenia has not completely granted monopoly, the monopoly has been transparent and no regulations have been set. In November 2004, after many …

According to “Novosti-Gruzia” agency, currently there are discussions going on about constructing one more gas pipeline that doesn’t cross the territory of Russia. The pipe line will go to Europe through the territories of Georgia, Azerbaijan, Ukraine and Black Sea. This initiative was taken by a company called “Georgia-Ukraine-EU pipe line”. The program was discussed …

What do we have and what do we want to have? It is not a secret for us that currently, Armenia has a lot of energetic problems. The main reporter, RA energy minister Armen Movsisyan also agreed with this. According to him Armenia should do two things: decrease the capacity of imported energy and diversify …

It happened. On the basis of the decision made by the public services regulatory commission, gas prices increased as of March 10. The society had already been prepared for that news. Russia had promised to increase the price for the gas provided to Georgia and Armenia long before. Then the Russian president promised us a …

Armenian cellular phone companies will be in competition starting from next year. The Central Bank plans on having three-four operators in 2007 and developing the market through new technologies. Minister of Transportation and Communications of Armenia Andranik Manukyan is currently leading negotiations on this issue and has even signed a memorandum. What’s unclear though is …