Business & Economy

While the society and the participants of the currency exchange market try to understand the purpose of the usual “adventure” of Tigran Sargsyan, yesterday CB wanted to sell 3 mln USD to the bank system with the purpose of making the USD exchange rate increase stop, but the banks refused to buy it with the …

Our first publication of articles on “The difficult way of making the national bourgeoisie”  is about the armenian oil market. What kind of characteristics does the oil market have? When was it formed? What kind of capacities does the market have? Who are the main participants of the market? Is there monopoly in the oil …

We are a very fearless nation. We are not afraid of the fact, that Azerbaijan increases its military budget day by day. Probably we would be the most fearless nation in the world, if there weren’t the privatization. The privatization of the public property started in 1994. It seemed, that the society got used to …

Each country was waiting to buy the shoes, but they weren’t exported to other countries. Armenian shoes were primarily competing against other shoes made in the Soviet Union. Despite that, the final years of the Soviet era are considered as the first stage for shoe production. The second stage began during the years of Gorbachev’s …

The year-end is a time when we summarize all that has happened throughout the year. The media tries to do that by the demand of the society. It is much easier to make a summary about the social/political life, than it is for the economic. The reason for this is that the statistics for economy …

Since 2000, the “Max Group” has rented and done work on more than 15,000 hectors of land in Armenia and Artsakh. As stated by shareholder of the “Max Group” Khachik Manukyan, those lands have been useless. There has been some work done on improving the situation. Water pipe lines have been installed. The group has …

On December 21, a contract was signed between the “Max Group” INC and the Argentinian “Tierras de Armenia” company. “Tierras de Armenia”, which translated means “Armenia’s Lands” belongs to Argentinian Armenian businessman Eduardo Ernekyan and has been registered by the state days before the transaction was made. The initiative taken by the Armenian businessmen has …

It seems as though Armenia’s statistics for macroeconomics are not connected with the average Armenian citizen’s lifestyle. Macroeconomics, which the economists like to talk about often, is always changing in contrast to the lifestyle of the average citizen. As a result, society is indifferent to the entire index of economics. However, economical statistics do not …

It was still the 19th century when the French were using the copper mines in the Syunik region. A couple of days ago, the Germans came there and Zangezur’s copper ardent factory got sold for $132,000,000 dollars of which only $45,000,000 will be put into the state budget. The other $87,000,000 will be paid by …

Not only are benzene, sugar, cement and wheat in the hands of some businessmen, but also, the rock and gold mines. Everybody avoids giving out any information regarding those mines since that is one way in which the owners’ names will be revealed. Those owners are the sponsors for the authorities and they are doing …