Business & Economy

“The more we speak of corruption, the more it grows,” said prime minister Tigran Sargsyan during yesterday’s meeting with the students of YSU. This idea would not seem strange if the meeting was not dedicated to corruption and related issues. It turns out that the PM and students contributed to the development of corruption in …

Most probably our government has for a moment forgotten the daily issues – inflation, zero economic growth and migration and once again took the direction of the vision of bright future. To a certain extent this is quite surprising because Nerses Yeritsyan, who is the most romantic person within the government, is no longer within …

“An MP cannot do business, occupy positions in state or local government bodies and trade organizations, do other paid job, besides scientific, pedagogical and artistic work. MP does his/her duties on permanent basis. The status and guarantees of activities of MP are established by the Constitution.” This of the 65th article of the RA Constitution. …

The director of the South Caucasian railways Shevket Shaydulin two days ago rejoiced our citizens, who are planning to spend their summer holidays on Georgian Beaches. First this year it will be possible to go to Georgia by train a month earlier – starting from June 15. The second good news is that passenger transportation …

During a CB’s session on April 12 the CB board decided to increase the refinancing rate by 0.25% and defined at 8.5%. This decision does not support the economic activity. We will try to find out why economists think that increased refinancing rate presses down economic activity. For example, you have some money and you …

“I as a head of a lending agency will not issue agricultural loans. We face the problem of agricultural inefficiency. For the present, the banking system is not ready to cooperate with villages,” yesterday told the Chairman of Garni Invest lending agency, former chair of the CB Bagrat Asatryan. Armenian President Serzh Sargsyan ordered Chairman of the …

Conversations about inflation flare up after each publication of the National Statistic Service. Let us remind you that according to the latest publicized details of the National statistic service the consumer price index, that is to say inflation was 11.5 % within 12 months. Whereas the prices of food products had a high jump; they …

Inflation continues growing in Armenia despite the efforts of the government to resist it. The prices of consumer products continue growing. According to the information recently published by the state statistics services, the consumer prices index in March of this year compared to March of the previous year was 111.5. It means that during the …

The PR of the authorities has become very intensive in the sector of agriculture in the recent times and involves larger areas starting from the breasts of cows and ending up with the egg market in the capital city. The committee on protection of competition has found out the reasons why the price of egg …

In Armenia in 2011 the gas price will not go up. This was yesterday stated by the ArmRusGazArd chief executive, Vartan Harutiunyan, by adding that the government will subsidize a temporary price discount for tens of thousands of low-income families. “By the initiative of the Armenian president the gas price will go down for socially …