Business & Economy

Last year, there were about 120, according to many, non-professional companies providing people with inner gas pipeline installations in homes. This opinion corresponds to reality in some way because most of the companies signed contracts but did not perform their jobs well. The residents were not informed about this and did not follow the rules …

According to national statistics, the level of unemployment in Armenia is 8.3%. The number of unemployed at the end of September was 91.7 thousand. According to official data, there are 1 million 209 thousand people secured with jobs. Unemployed women form 70.5%. The largest number of unemployed is in the 31-50 age group (70%). A …

During the discussion regarding the 2006 budget plan yesterday, member of the National Assembly’s “People’s MP” union Mkrtich Minasyan announced that it is necessary to make it so that small and medium businesses develop in Armenia, reasoning that those businesses will help economic development in Armenia. In. M. Minasyan’s words, despite the wrong routes taken …

The $60 million dollars provided by the “Linsie” fund for Armenia is not included in the state budget plan of 2006. As stated by Minister of Economy and Finances Vartan Khachatryan yesterday at the National Assembly, the reason for this is that the Armenian government still hasn’t received the documents for the “Linsie” fund’s new …

The government is going to provide more money for the Social field (education, health care, social insurance and insurance): this distribution capacity is the highest one in the budget expenses line (36,1 %). The distribution mark of defense and security covers 23,4% of the budget expenses. The amount of the money they are going to …

This was clear to everyone. VivaCell has decided to stop its advertisements about two electricians and about scales starting from October 27. These advertisements seriously tarnished the reputation of Armentel, because they clearly stated that their service was better then the service of Armentel. The RA economical competition protection commission has come to a conclusion …

In this last period the authorities do their best not to miss any chance to make us happy. I don’t mean the Erebuni-Yerevan or other concert programs. For instance in spring the finance and economy minister of Armenia happily announced that the Gross Product mark was already higher than the same mark of Soviet Armenia. …

Two consumers had one of two lots and the rest was sold at a price which is a little higher than the competitive and original price. Just like the first auction, participants did not want to have too much contact with others and had very mysterious faces. However, before the auction, all the participants were …

Today, real estate prices in Armenia keep on rising, however at the same time, you can notice construction going on everywhere around the city. For whom are the new buildings being built for and will the supply and demand law really function? After all, the rise in supply of homes must lead to the reduction …

The RA State Taxation Authorities have registered a case of illegal import of clothes and food costing 13 million dram. Illegal import is mainly done through the custom points of Zvartnots Airport and Bagratashen. According to the taxation authorities they have imposed penalty on all these importers.