Business & Economy

During a press conference, head of the State Statistics Service Stepan Mnatsakanyan announced that the cash turnout of money in the country covers 1.1 billion, which is equal to 84 % of the total flow of currency in the country. According to Mr. Mnatsakanyan the level of “dollarization” is high in our country, which according …

You can rarely read anything about the Armenian economical life in foreign press. The publication of the Russian version of “Forbes” journal was one of these rare publications. It should be analyzed. At least by doing that we can find out information about the reputation of our economy outside our country. Of course, if we …

Many people know that “Parisian Coffee” means high quality.  We may say that the “Parisian Coffee” is one of the most famous and respected coffee brands in Armenia.  The founders of this company are Vazgen and Valerie Asatryan, to whom we have talked to regarding their business and other issues. – It’s one thing to …

Recently, everyone is following up on the audit results of the “Armenian Electric Networks” joint-stock company. Results are in and it appears that the company headed by Yevgeni Gladunchik has violated some laws by selling illegal products. However, there are some minor details which are also important. Nobody was surprised to find out that the …

It seems as though the trademark issue has become more of a family matter for owner of Grand Candy Hrant Vartanyan. According to the committee on State Economic Competition Defense of Armenia, the recent commercials drawing comparisons between the Ukrainian, Russian and Armenian “Grand Candy” chocolates are not too convincing. Based on the law on …

The European Bank for Reconstruction and Development (EBRD) and the “ArmEconomBank” (AEB) have taken the initiative of organizing a trade financing international bank conference, which will take place on March 28-30 at the “Armenia-Marriot” hotel. According to head of the Strategy and Risks Department of the AEB and member of the conference committee Anahit Simonyan, …

Nine months into his tenure as president of the World Bank, Paul Wolfowitz has made headlines mainly by provoking a staff backlash. Neoconservative commissars are seizing control! (Actually, Wolfowitz has a grand total of four Republicans in his entourage.) The World Bank’s agenda is being hijacked by a Bush man! (Actually, Wolfowitz has resisted the …

The main factors of economic rise in this country are not brandy, cement or foreign investments, but rather Armenians themselves. As I was making my business trip to Armenia, I was asking myself a question which may offend the people: “Is there any life in Armenia?” I don’t see any nationalism there. The Republic of …

The money made in the Armenian Diaspora amounts to 100 billion dollars, which is a hundred times more than the state budget of Armenia. This is the opinion of the world-famous “Forbes” magazine. Forbes has included an article on Armenian businessmen in the February release of the Russian version. What’s interesting is the money that …

The RA Civil Aviation Central Board (CACB) is going to make serious investments in the airport of Gyumri. During an interview, Head of the CACB Artyom Movsesyan said that this issue has been periodically brought up ever since he was appointed as head: “But the main reason was the foggy weather at the end of …