Business & Economy

Starting from January 1 the RA Central Bank is also going to control the other substructures of the financial field besides controlling the banking system: the insurance and stock markets. The foundation of a united body for financial control can be very important for economic development, that is, of course, if the system acts and …

A philosopher once said- all you need is one minute to get amazed and many years to do amazing things. This philosopher, who has lived in ancient Greece, would be amazed if he were to live in Armenia. As for us, we have simply gotten used to it all and don’t get amazed. We are …

According to our information, on the night of December 27 money was stolen from the “Anelik Bank” branch located on 75 Baghramyan street. According to our sources, the amount of money stolen is about 30 million dram. The police investigation board of Arabkir community of Yerevan has instituted legal proceedings in connection with this case.

Recently rumor has it that “Kotayk” beer company has been sold. We tried to ask for information from the company officials, but they didn’t give us any official information: “We can’t say anything regarding this”. The investment on the part of “Castle” company in 1997 (18 million dollars) was one of the biggest foreign investments …

Russian “Alrosa” diamond producing company failed to come to an arrangement with Indian “Sterlite Industries Limited” company regarding purchasing the Ararat Gold Company (AGRC). For this purpose some representatives of “Alrosa” company visited Armenia and met with the officials of this company, as well as with some state officials. The parties were not able to …

“Ardshininvestbank” ended the year 2005 with a 2.269 billion dram profit (5.041 million dollars). This number has increased by 26.9% by the average. As a result, the total capital of 8.876 billion drams was added to the profit increase (19.7 million dollars), thus raising the yearly profit by 63.3%.

No matter how indifferent we are towards the leading figures of our country, it has become a tradition for us Armenians to listen to their New Year speeches; especially since the local television stations did not show anything more interesting than that. As always, just minutes before the clock struck 12 on December 31, president …

The case that “Royal Armenia” (RA) brought up against the State Customs Committee (SCC) for recognizing the increase in coffee prices as invalid last year finally came to an end yesterday at the Economic Court of Armenia after being delayed for so long. According to RA representatives, the State Customs Committee has set an illogical …

The Armenian share holders of “Ararat” gold mining enterprise were surprised to learn that the Indian party didn’t want to work together as they had promised, but they ignored the suggestions of the Armenian side. And some time later they stopped organizing board meetings and started to insist on giving them the Armenian share of …

For journalists involved in the economical field, probably the most difficult thing is to write the last article of the year. The last means the concluding one. But the economical year officially is finalized some time later. The national statistical service will conclude the economical year in a minimum of two months. As for the …