Business & Economy

In the economical field of Armenia everything that is happening is like an interesting play to watch. All good actions and steps to try to correct the situation turn to an amazing and absurd thing. These last years the state taxation committee publishes two very important lists: “List of the first 300 companies to pay …

In case if the gas price is raised there’s a possibility that the electrical power price will e raised as well. The general director of the “Yerevan Electrical Networks” Closed Joint Company Yevgeni Glandunchik announced about this. He didn’t say exactly what the price might be. “After the gas price raise we should check out …

The year is coming to an end. Let’s take a look back at the year’s economic achievements of 2005. According to the Statistical Services of Armenia, we end the year with two digit economic rise once again. In the first ten months, the GDP has been estimated to be 1,700 billion drams in market prices. …

It has already been two weeks that the market of Bagratashen doesn’t operate (Sadakhlo market). Local citizens say that one of the reasons for this is the fact that some local Georgian sellers don’t pay taxes. Although today the market doesn’t operate officially, on the Armenian part some people make trade. Georgian and Turkish merchants …

Another court hearing took place at the Economic court of Armenia with “Royal Armenia” and the State Customs Commission (SCC). Let’s recall that the company has applied to the SCC demanding the commission to consider the recent fixed customs prices as invalid. During the last court hearing, the representative for “Royal Armenia”, lawyer Gevorg Minasyan …

The Ministry of Transportation and Communications fixed the prices for “ArmenTel” for 2006 a couple of days ago. True, the ministry has not taken into consideration the variant proposed by “ArmenTel”, but it hasn’t kept the same prices either; as a matter of fact it has increased them “a litte”. This form of “complementary” politics …

Recently Karabakh president Arkadi Ghukasyan met with owner of “Flash plus” company, share holder of “Karabakh Gold” CJSC and head of The Armenian Church Karabakh Branch Barsegh Beglaryan. They held discussions on developing the agricultural field in Karabakh, particularly developing vine growing. B. Beglaryan informed A.Ghukasyan about his application to the government regarding privatizing the …

Security is share, which actually guarantees the investor’s money reimbursement together with the relevant interests. Till now there were only governmental bonds in the Armenian market. And now they try to develop corporative market in Armenia. “Armeconombank” is going to issue 20k securities with 10k dram nominal value for each. These short-term securities with 6% …

To this day, no official announcement has been made about the exact time and standards for price increase. Russian Prime Minister Fradkov’s visit brought no news, besides the following announcement: “We are going to work according to market principles and the increase in gas prices will not affect the economic relations between our countries.” Nobody …

The processes that are going on in the real estate market of Yerevan are changing the view of the city. Five years ago, the RA city construction minister and general architecture announced that they had worked out a new plan for Yerevan constructional development. In spite of making constructions in the suburbs of Yerevan, they …