Business & Economy

The RA Civil Aviation Central Board (CACB) is going to turn the Gyumri airport into first class. According to the head of the RA CACB, Artyom Movsisyan, they are going to fully asphalt the flight and landing grounds of the airport and install new lighting systems there. He also said that he had met with …

Iran has announced that they have already blown the uranium gas into several centrifuges, which is a step for uranium enrichment process. The head of the Iranian atomic energy organization, Gholamreza Aghazade has announced that they need several months to get uranium. He also announced that they are not going to throw away the contract …

In our last edition we mentioned the story regarding the “Nemiroff” brand. We had made a mistake in our last edition. The brand “Nemiroff” doesn’t belong to “Grand Tobacco” Company. It belongs to “International Masis Tabak”. On the other han,d it’s difficult to differentiate the two companies because in fact the companies are not “very …

“Grand Tobacco” is currently producing new cigarettes named “Nemiroff”. The brand of this product, which belongs to “Nemiroff” company, has been officially licensed by the state. The company has already applied to court. The head of “Grand Tobacco” company Hrant Vartanyan didn’t deny this rumor and said that the company didn’t apply to court to …

The Azerbaijani Minister of IT and Communications has announced that Iranian telephone companies and “Karabagh Telecom” get mixed up in the line when dialing 112, which is the “Azercell” operator’s line. “These waves can be caught even in ten kilometers distance from the border and it is impossible to prevent it”, said the Azerbaijani connection …

Recently, head of the RA Central Bank Tigran Sargsyan said that several banks “don’t agree with the new rules of the game” regarding the principle of corporative management. He also said that those banks would be punished. The mentioned principle is as follows: “Banks can’t be run by one person only”. During our conversation with …

– Recently MP Tatul Manaseryan said that IMF is currently in a stage of failures, because there is a problem with returning credits, which undermines the credit programs in Armenia. What do you think about this? – I don’t think there is such a problem. For Armenia we have a program for economic development and implementation …

Last year, the National Assembly adopted a law on defining privileges for businessmen who have fulfilled obligations of social payments and income tax. The law is currently applied. This is what we spoke about with the deputy head of the State Tax Service (STS), Armen Alaverdyan. – The law on “defining privileges for businessmen” has …

Last year former shareholder of “Armavia”, “Siberia” company sold its stocks to the Armenian side. However, since RA government representative Artyom Movsesyan, Head of the Civil Aviation Central Board (CACB), has not signed the agreement at the beginning of the current year yet because “Siberia” should pay $1 million annually to the Armenian Government. They …

Nine Armenian enterprises will exhibit their products during the “Gal Food 2006” Exhibition which will take place in Dubai on February 19-22. The USAID, along with the DAI-ASME organization, organized set up the pavilion. As informed by the DAI in Arab Emirates, the following companies will exhibit their products – “Arega” can factory of Jrvezh …