Business & Economy

Recently, many people are expressing their views about the inflation in Armenia and, in reality, prices are actually rising in the country. As to why they are rising, that is a different story. According to the national statistics, prices have decreased by 3-5% in July (we must add that there are 400 products included in …

The Central Bank foresees increasing expenditures for 2006. The reason for this is that instead of having 90 workers working for the supervising body of the insurance companies of the Stocks committee and the Ministry of Finance and Economy, the Central Bank will create 45 new work sites: “Besides that, according to the legislation, the …

It is difficult to understand whether the knowledge of people living in the Soviet Union was mainly economical or “politico-economical”. And accordingly it is difficult for post-soviet people to understand whether the ”economical effectiveness” is something economical or political. The last two weeks were pretty heavy. Armenia was busy with political life. You could see …

According to the president of the Central Bank Tigran Sargsyan, as long as the dram continues to be evaluated, the bank will receive no profit. That is explained by the fact that the bonds given by the Central Bank are in drams and the assets are in foreign currency. The bank’s capital, which is summed …

On October 4, the permanent UN representatives of Azerbaijan, Georgia and Turkey sent a letter to the Main Secretarial office of the UN. Attached to the letter, the representatives sent the declaration signed by the presidents of Azerbaijan, Georgia and Turkey according to which it was decided on May 25 in Baku to construct a …

The Minister of Energy of the Republic of Armenia Armen Movsisyan met with secretary of the Ministry of Energy of the U.S. Samuel Bodman on October the 11th. While discussing the issue of closing the nuclear plant, Armen Movsisyan commented that that was only possible through the creation of alternative forces. The Armenian minister also …

An anonymous officer of the RA Customs Service said that by violating the existing law the customs services have informally ordered not to let villagers export fruit to Georgia this year during this season of heavy crop. As a result of this the villagers and farmers of Lori and Nojemberyan regions had losses. It turned …

During the Soviet times gold production wasn’t state monopoly. Jewelers made jewelry in their houses but in small quantities. In any case people used to ask these jewelers to melt the gold again. But since people used to get a higher salary back then, gold remelting wasn’t widespread and people mostly bought factory jewelry. After …

“We are suggesting on using something which will help evaluate the advantages and disadvantages that Armenia has as a competitive country and will also help in formulating an economic strategy. This, of course, if everything goes as planned,” said president of the “Economy and Values” research center Manuk Hergnyan. This year, Armenia has been included …

After the war in Karabakh, and the beginning of privatization, some businessmen started to produce alcohol. At first there were a lot of companies producing alcohol, but later the number of these companies got cut down. Now, there are two primary companies producing alcohol in Karabakh: “Karabakh Gold” and “Artsakh Alco”. “Artsakh Alco” is famous …