Business & Economy

The Central Bank of the Republic of Armenia has foreseen to receive 8,163,913,000,600 billion dram from the budget. By taking into consideration the exchange rate for one dollar in 2005 (535 dram), the Central Bank’s amount will be 15,259,651 million dollars and 58 cents. These numbers mean nothing at first sight. It is obvious that …

Foreign investments made in Armenia go all the way back to 1994. Despite the changes in the political field, the authorities have always made it clear that they accept all types of investments. If we look at things from a political point of view, the communists are the only ones who consider the foreign investments …

During Robert Kocharyan’s visit to Germany, an agreement was made to sell the Kajaran Copper Ardent factory to the Germans. The contract will be signed before December the 5th. The German “Chronimet” Company will hold 75% of the share-holdings, which means that the German side holds the majority of the share-holdings. Some people think that …

It was pretty hard for Armenia to choose an alternative telephone company that provides cellular phone connections, if we can call it an alternative. The government organized a special meeting, deprived “ArmenTel” of its monopoly on telecommunications, and immediately after that formed a board that organized an “overnight contest”, where the board decided to give …

Armenian-Turkish, better yet, Turkish-Armenian economic ties have never been analyzed from a non-political view. The economic ties of developing and aided countries are primarily looked at from the historic/political point of view. Besides the evident reasons, there is one other reason. The outlooks and professional point of views of both our political figures and the …

Our government has been the coalition for over two years now. The coalition consists of ministers with different political and economic views. They can appear in the public eye as a whole. Last week, “ArmenTel” managed to break this unity. It turned out that the government is like a compact unity as long as the …

“168 hours”: “What was the reason for you selling your stock of the “Grand Tobacco” company? Ruben Hayrapetyan: “The price was good, so I sold it.” “168 hours”: “Is it true that the authorities interfered in selling the stocks?” Ruben Hayrapetyan: “They sell the stocks when there are more profitable stocks available.” “168 hours”: “There …

Recently, owner of the “Flesh” company Barsegh Beglaryan is proud to say that he bought the “Nairit” factory for only 2 million dollars. Sources say that the “HyeKap” bank who has provided loans to the “Nairit” factory was the one who convinced Barsegh Beglaryan to buy the factory. “Nairit” had received a $15,000,000 million dollar …

The government of the RA had an exclusive session regarding the reforms made to the #60 license of “ArmenTel”. According to the reforms, “ArmenTel” has been deprived of the right to implement GSM services and monopolization of Internet services. However, the government has decided to provide “ArmenTel” with the IP long distance services monopoly. What’s …

“168 hours”: “What grade would you give for the present day economy of Armenia? In your opinion, what are the major issues?” Khachatur Sukiasyan: “Our number one issue deals with integration of economy, both in the region and abroad. When we analyze the reality of the Armenian market, it is clear that Armenia is not …