Business & Economy

We know that corruption is developed in our country, but people always remind us about that sometimes. You might have heard that Armenia fills the 88th place in the lists of “International Transparency” with its corruption index. There are other 8 countries, which have the same index. Among those countries are Benin, Gabon, Tanzania, and …

The government has presented the law draft about “state property privatization in 2005-2007”. They suggested privatizing 48 companies in that period. We still don’t know who the owners of these companies are going to be. Time will show. We tried to ask some questions to the directors of those companies. It turned out that some …

As we had written in our previous issue, the board defending economic competition in the Republic of Armenia encountered an anti-competitive agreement in the flight exchange market. The Armenian side, “Armavia”, arranges flights from Yerevan-Istanbul-Yerevan and the “Fly-Air” Turkish airways provide the same flights. “Bagrat Tours” takes care of all the expenses of the tickets …

“ArmenTel” subscribers can sue the phone company for not informing them about the end of the summer discounts. This was the topic that Minister of Transportation and Communications of the Republic of Armenia Andranik Manukyan discussed with journalists today. Let’s recall that the phone company had announced about the summer discounts, but there are new …

One of the main, recent political issues concerned the deposits of the people living in the Soviet Union. The political powers were trying to privatizing the copyright for the return of the deposits. They made so much noise that it was difficult to understand whether that was a political or an economical issue. Of course …

Representatives and economists from Armenia, Georgia and Russia gave speeches during the “General Future” regional conference held by the Armenian branch of the American Chamber of Commerce (AmCham). The regional investment field and the possible courses to take in order to attract investors were discussed during the conference. The foreign businessmen appreciate the fact that …

Yesterday, a conference was held by the National Assembly’s board of loans and budgets. During the discussion regarding the 2006 budget plan, Minister of Finance and Economy of the Republic of Armenia Pavel Safaryan announced that the government would be providing 100 million drams from the state budget in order to fight against the use …

The American Chamber of Commerce’s (“AmCham”) Armenian branch held its 5th regional conference on October 15-16 at the “Armenia-Marriot” hotel. The conference, with the title “General Future”, was organized with the purpose of creating a dialog between the businesses of participating countries (Armenia, Georgia, Russia, Turkey, etc) and improving relations between the “AmCham” branches in …

Before the 5th regional conference organized by the American Chamber of Commerce’s Armenian branch, we had asked Minister of Foreign Affairs of the Republic of Armenia to answer a couple of questions regarding the level of integration between countries of the Caucasus region and any possible cooperation. We now present our readers with the answers. …

Armenian, Russian and Georgian businessmen must take part in the reconstruction works of the Abkhazian part of the railway. Yesterday the RF transportation minister Igor Levitin made an announcement about this. According to him, they are going to examine the Abkhazian part of the railway, find out what kind of reconstructions have to be done …