Business & Economy

In 1991 our country declared that we chose market economy as strategic development, for which advertising business is a characteristic. But the law regulating this field was adopted only in 1996 (as of April 30) during the time when Levon Ter-Petrosyan was president. This law was applied for several years. Then Robert Kocharyan, who likes …

It has already been one year that the list of the companies subject to privatization has been forwarded to the National Assembly to take into consideration. There are also some medical institutions in this list, and the names are sometimes taken out of the lists (for instance the physiotherapeutic institutions). Now it is “Aeromedicine”” health …

Very often, you can hear such expressions as “if the factories operate, we will work” and more. There is no need to be surprised about the fact that especially middle and old age people are not particularly in favor of the developments in the country, especially hotel construction. There is no need to blame those …

According to the decision of the RA Central Bank, as of February 6, starting from March 15th commercial banks of Armenia will be forbidden to participate in the monetary system transfer known as Western Union. The CB explains this fact in the following way: the applications presented by banks to participate in this system do …

In some cases the activities of the central bank are transparent. Last week the CB published the “monetary policy”. It hasn’t been studied by specialists yet. The total analysis of this document will take some time. But there is one point in the program which had to be a subject for serious discussions among economists. …

If you remember about a month ago from now a survey was conducted among citizens, which proved that the majority of citizens don’t believe or don’t wish to believe that the Russians will raise the price. The participants of the surveys organized by the www.panorama.am  web site are more realistic. 23.1% thinks that the gas …

Georgian customs officials at the Sadakhlo border have encountered illegally exported Armenian products. According to “Kavkazares”, the officials have stopped a bus carrying $5,000 dollars worth of unlicensed products, including industrial goods, nutritional products and alcohol. The customs officials have also found religious pictures in the bus.

Yesterday the president of the RA Central Bank (CB) Tigran Sargsyan presented the monetary policy of 2006, which is yet to be presented to the National Assembly. The CB anticipates 10 % of economical growth and 3 % of inflation this year. According to statistical data, last year the inflation mark made up 0,6 %. …

As a result of the discussions on the gas price increase, consumers have already adapted to the inflation that awaits us and they are even calculating their expenses-what they must buy less of so that they can fight against the danger. Meanwhile, our Armenian authorities are instilling hope in the people, telling them that the …

Recently little is spoken about the bird flu. The reason is the cold weather. The last circle of this virus is Eastern Europe, where the temperature is extremely low right now. The weather is minus 30 degrees. The epidemiologists will have some break. Now we can calculate the economic consequences that have rose because of …