Business & Economy

“Armavia” air company was founded in 1996 and they had their first flight only in 2001 (after leasing two aircrafts: Tu-134 and Tu-154B). The difficult economical conditions of the company made them join “Siberia Air Company”, after which their financial situation changed rapidly. After leasing an airplane in 2002 (A-320 aircraft) “Armavia” started to operate …

According to “Trend” news agency, the Turkish “Youksel Domonic” company has analyzed the possibilities of constructing Kars-Akhalkalak-Tbilisi-Baku railway and presented their final statement to the Transportation Ministry of Azerbaijan. The transportation ministers of Turkey and Azerbaijan and the economical development minister of Georgia will meet in Turkey in 2006 to discuss issues regarding their further …

The year 2005 was declared as the year of Russia in Armenia. The visit of the Russian Prime Minister Mikhail Fradkov officially closed the year of Russia in Armenia. Why officially? Because the Russian presence has existed in Armenia for years and will continue to exist further. Some of us qualify our close cooperation with …

The defense committee for Armenian economic competition held another meeting yesterday. During the meeting, the committee members discussed the results of the “plaster” market studies. According to the results, in 2004, 50,338 tons of plaster has been sold and that makes up 98.24% production. There are two leaders in the plaster market: “Plaster” and “Plaster …

Usually when any prices for goods are increased we look for the reasons not in market regulations, but in personal relationships between some people. First of all, we try to find out who the main participants and decision makers of those markets are. The most interesting thing here is the fact that usually this increase …

Armenia officially announced the rise in economy. As of October 2005, foreign investments have increased by 30%. The amounts have formed 226 million dollars. The leader in foreign investments is Greece (68 million dollars). Russia places second (47 million dollars) and Germany is in third place (29 million dollars). However, there are some facts which …

”GasProm” company plans on increasing the price of a thousand cubic meters of gas in Armenia from the present 54 dollars to 110 in 2006. This was announced in Moscow by vice president of the ”GasProm” administration Alexander Ryazanov. Meanwhile, the press for ”ArmRusGasard” joint stock company announced that at the present, the Armenian side …

It is clear that our country develops spontaneously. We live and carry out activities but we don’t know what will happen: if there are any problems connected with our activities in the future, we will solve them. We don’t try to predict and analyze anything in order to evade possible problems. This is the principle …

The former Vice Minister of Agriculture of the Republic of Armenia Samvel Avetisyan has told the reporter for “Arminfo” that in 2005, milk production has increased by 6%. In his words, according to the preliminary calculations of the agriculture ministry, cheese production will rise by 18% by the end of 2005, compared to 2004. In …

Let’s recall that it was totally the opposite a couple of days ago. In regard to this, the Central Bank has been giving a pretty consuming and theoretically meaningful response for years now: “The exchange rate can go up or down. We don’t fix the rate.”  Starting from November 15, the Central Bank uses the …