Business & Economy

The problem is that there is a 20-50% difference in business and economy flight tickets. However, according to passengers, there is a difference in service too. Vice-director of the commercial department of “Armavia”, Andrey Aghajanov, assures that the seats and tables in the business class are more comfortable, and there is variety in nutrition, alcoholic …

“168 Hours” was informed from the head of the public affairs department of “Armenian Power Distribution Network” company Margarita Grigoryan that they are not going to apply to the public services regulatory commission just yet. She also added that they still hadn’t made any calculations on how much the price will be increased.

Today there are a lot of coffee companies in Armenia. It is enough just to follow the advertisements on TV in order to understand the capacity of this market in Armenia. We have already mentioned in our previous articles that it is not easy to produce coffee but we can assume two things on the …

Armenian American billionaire Kirk Kirkoryan placed 53rd in the list of billionaires publicized by the “Forbes” magazine. His property has recently decreased by amounting 8,7 billion USD. Last year Kirkoryan was the 41st and had 8,9 billion USD. During the past year Kirkoryan sold his Hollywood Studio MGM to the Japanese Sony firm, which he …

Today, with the consent of RA Government, the GRECO of the Council of Europe is going to publicize its report about Armenia. It particularly relates to the judicial system, police, customs service, tax inspection, educational field, healthcare, licensing and privatization. The GRECO has sent 24 assignments to Armenia and assigned the Government of RA to …

We can predict what the article is about based on the title. “The Russian government is trying to prevent most of its economy from being “swallowed” by foreign companies. The minister of economical development, German Greff announced in Moscow that the government may set limitations on foreign investments in about 39 fields of economy”. The …

The Public Services Regulatory Commission put on a show once again: the members confirmed the new prices for gas. Consumers using 10,000 cubic meters of gas, citizens will have to pay 200 dollars instead of the current $130 dollars. For those consumers who use 10,000 or more cubic meters of gas, they will have to …

The founders of the association include “ArmEconomBank” (AEB), “Armenian Development Bank”, “ArmSwissBank”, “InecoBank”, “ArmInvestBank”, “Unibank”, “Areximbank”, trade banks, “Washington Capital”, “First Hypothec Company”, “Sil Insurance”, “Nairi Insurance”, financial loan and insurance companies, “Alta Vip”, “M & M”, “Premier Realty”, “Prime Insurance Brokers” “Elephant Realty” real estate agencies. The association’s charter was confirmed during the meeting …

In modern economy, banks are considered an absolute blood circulation by giving “life” to all human beings. One of the key elements of that “blood” is the loan. If we take into consideration the fact that loan investments make up only 7-7.5% of Armenia’s GDP (this exceeds 100% in developed countries), then we can say …

The analysts of the famous British “Economist” newspaper are sure that Azerbaijani President Ilham Aliyev will keep strengthening his positions in the system of state governance by gradually depriving his father’s teammates of the government. Instead Aliyev will appoint his team members to key positions. “There is a little risk that the re-arrangements within the …