Business & Economy

The representatives of the “Royal Armenia” company had organized a press conference yesterday at the “Marriot” hotel. Lawyers Gevorg Minasyan and Ashot Sargsyan were demanding the release of the president and share-holder of the company Gagik Hakobyan and vice-director Aram Ghazaryan, who had been arrested on October 11. The announcement made by owner of the …

It seemed as though we had decided the answer to this question and even passed it as a law in the existing constitution. According to the 8th article: “The state guarantees all forms of free development of proprietorship, equal copyright, freedom for economic activities and free competition.” How the government guarantees all of this or …

The RA energy minister Armen Movsisyan and head of “Armrusgazard” company said that there had been no official information on the part of Russia regarding gasoline price increase. Currently Armenia imports gasoline from Russia and pays 56 USD for 1.000 c.m. of gas. It is worth to mention that Russia increased the gasoline prices for …

In February 2006, Armenia will have been a member of the World Trade Organization (WTO) for three years, however, the largest WTO country-Russia-is still thinking twice about joining the largest international economic organization. What did we get out of the WTO? With this question in mind, we talked with National Assembly MP, doctor of economics, …

The remodeling of the Hydro-Electric Power Station (HEPS) of Tatev which is inside the Vorostan cascade has been completed due to the 2.7 million grant provided by the European Union. Tatev’s HEPS is the one and only ladle shaped station of the post-Soviet country. The Vorostan cascade plays a major role when adjusting the frequency …

Today, Russia is faced with a major decision-to join or not to join the World Trade Organization (WTO). The discussions regarding this are heating up in the country. Will Russia, the world’s most powerful country, take advantage of this and become a member of the largest international economic organization? In 1993, when Russia had announced …

Azerbaijan registered the highest GDP development mark among the CIS countries in January-September, 2005. The development mark of the GDP of Azerbaijan covered 21,8% in the reporting period. The second one is Armenia. The GDP development mark of Armenia covers 11,6 %. According to “Interfax” news agency Azerbaijan is the first country among the CIS …

The lowest salary at schools is about 19.500 dram, and the highest salary is about 48.000 dram. Yerevan State University lecturers get about 65.000 dram (only a part of this money is provided by the budget), and this in case when the lecturer is a candidate for sciences. The salaries at the Agricultural, Architectural State …

According to a close source of head of the department of aviation, the owners and official sponsors of the “Armavia” travel agency are trying to find someone who will buy the company from them. The problem is that the new owner, who was from the “Sibir” travel agency and who had purchased “Armavia”, does not …

The National Assembly finished their discussion on the budget of 2006. Finance and economy minister Vardan Khachatryan was disappointed. He didn’t even hide his disappointment from the press. He thinks that his ministry has presented a good document to the National Assembly, but they didn’t consider it the way they expected. This is the third …