Business & Economy

In two weeks, all the share-holdings of the Russian “GasProm” company will be accessible. The State Duma of Russia corrected the law about “Gas Supply” and the company foresees changes being made in the large exporting companies’ rules for circulation of share-holdings. Until now, the packet of share-holdings of the “large” company was divided into …

The World Bank has published the results of their latest analysis of Armenian economy. The title of the analysis is too long: “Business field and production management analysis implemented by the European Bank for Reconstruction and Development and the World Bank”. There were two points for this program implementation. First of all here Armenian economy …

In one of our previous editions, we informed our readers that the government had presented a new draft to the National Assembly which constituted the privileges pertaining to individual entrepreneurs that have made their pledges for social security/welfare. Vice president of the Internal Revenue Services of Armenia Armen Alaverdyan announced yesterday that, in 2006, the …

The conflict between “Royal Armenia” and State Customs Committee continues. The company has applied to the economical court to make the customs prices invalid. The representatives of the company say that the customs committee has stated high prices for the coffee they import. And this makes the final price for coffee go up and affects …

The meeting of head of National Assembly commission on foreign affairs Armen Roustamyan with the students of Yerevan Linguistic University named after Valeri Briusov was surprising. In spite of the fact that some powers do their best to make us believe that young people advocate the Constitutional Draft, it turned out that most of the …

The commission of foreign affairs of the parliament of Georgia has already adopted the law about making changes in the agreement about transport services between Georgia and Armenia as of May, 1997. According to “CaucasPress” agency all kinds of taxes for cars crossing the border of Armenia and Georgia will be taken out, besides the …

At the present, levels in foreign trade all over the world exceed by 5 billion dollars a day. Centuries ago, trade was done through the following scheme: the merchandise was brought from one country to the other and the cash was sent to the seller by the same route. Obviously, this scheme can not work …

The most important event in economy took place last week outside of Armenia. During a meeting with journalists, Russia’s Armenian Ambassador Armen Abrahamyan said that the price of the gas delivered to Armenia will increase. The proposed price will double the present price. Russia plans on demanding 120 dollars for the 1000 cubic meters in …

According to the official information of the Russian authorized bodies they have already informed the RA authorities that the prices for gasoline will be increased starting from January 1, 2006 (the price will be increased from 75 USD up to 120-125 USD for 1.000 c.m.). But the RA authorities have decided not to speak about …

Although light industry in Armenia has a large potential, today, it faces many problems for development. The major company in this field of economy is the “Garun” production unit. Gohar Yenokyan, who is a professor of the technical institute of the sewing branch and a graduate of the light industry institute in Kiev, has worked …