Business & Economy

The flaws in the customs legislation of the Republic of Armenia slow down the steady development of the Sevan sugar factory. According to factory owner  Armen Arakelyan, the Armenian customs officials levy a 10% customs tax on the sugar imported from Cuba, as well as on sold products. As a result, the price of sugar …

“The method of measuring and eliminating corruption still hasn’t been discovered,” said presidential adviser, member of the anti-corruption council and president of the anti-corruption monitoring board Mr. Bagrat Yesayan during the “Political debates club” meeting. However, this doesn’t’ mean that Armenia should not fight against corruption. “Even if Armenia does not want to fight against …

It has already been two years since Armenia has been implementing the “Armenia 2020” project. The project’s goal is to make plans for the development of Armenia in the year 2020 through research and investigations. Many investigations have been done within the framework of this project, especially concerning topics such as Armenian oligarchs, corruption, globalization, …

The “Kafesjian” fund would not make big efforts in demanding the monopolization of “HyeFilm” film studio if the Republic of Armenia had paid back the $600 U.S. dollar loan given by the fund just 8 months ago. Since Armenia is not used to paying back debts on time, the “Kafesjian” fund has decided to get …

There are approximately 3700 brand name drugs enlisted in Armenia’s “Drugs and medical technology agency” closed joint-stock company. This means that these drugs have passed high-quality experiments by the company and then “received the right” for sale. The medical agency pays $1500 dollars for just the experimental research and registration of the brand name drug …

At the present, Armenia’s power-engineering is in the most critical stage of transformation. It is possible for the Ministry of Energy to cease to exist within the framework of those transformations. Those changes are the continuation of the complex, often contradicting and result of political chaos which leads to tendencies. The Ministry of Energy of …

The “Expo 2004” exhibition which took place last week was a big event. Besides Armenia, there were eight countries and 170 pavilions in the lobbies of all six floors of the government building #3. In general, the exhibition was impressive and eye-opening. Business was going good, a lot of people were interested in the products, …

Yerevan-Stepanakert, Stepanakert-Yerevan. It seems as if it is the same road, no difference at all. But in reality there is a difference. The price of one ticket from Yerevan-Stepanakert is 5000 drams, but the price for coming from Stepanakert to Yerevan-4,500 drams. On November 26, 2002, the Republic of Nagorno Karabagh(NKR) has announced the regulations …