Business & Economy

The upper level of 5.5% inflation limit established in the budget is becoming unrealistic day by day. Besides several officials who do not lose a single opportunity to praise the government, everybody is seriously concerned about inflation. The CB approves the reality and the fact that there are reasons for serious concerns. Ten days ago …

According to the World Bank’s recent report the prices of food continue growing, resulting in the increase of the number of the poor, especially in developing countries. According to experts, in the past three months the prices of food have grown by over 15 % in the world, and in the past year the growth …

The head of the National Iranian Oil Refining and Distribution Company (NIORDC, Alireza Zaykami, reportedly said this week that Iran plans to export 1.5 million liters of gasoline and diesel fuel a day to Armenia through the pipeline. “According to the agreement Iran will daily provide 750 thousand liters of petroleum and 750 thousand liters …

The move of the Armenian businesses to Georgia has become one of the intensive economic discussions of the past two weeks. It has become so tense that even the minister of economy of Armenia Tigran Davtyan adverted to this issue during his last press conference on the past days. The minister, indeed, has tried to …

On February 1 the Georgian president Mikhail Sahakashvili made an announcement, which was accepted by our patriot officials aggressively. “It takes a lot of work to teach Armenians that they learn something from Georgia, and we have been able to do that,” said Sahakashvili. We know about the personal characteristics and eccentric character of the …

“We will complete the year with approximately 2,4% economic growth. When the budget 2010 was being adopted by the National Assembly we were predicting a 1,2% growth. It means that the index of economic growth exceeded the index planned by us. But major structural changes also took place.” On January 22 of the current year …

What does a person say when he/she sees that the price of cheese or butter has grown by 20% within one day? They use slang to express their thoughts. Later they target these words at importers, producers and finish it with the government. Hardly anyone would think about addressing these words to the Central Bank. …

“According to predictions, due to the increase of world prices of agricultural goods, grocery items, stapled goods and raw materials in the first quarter of 2011 the 12-month inflation will remain. The 12-month inflation value by the end of the first quarter is predicted around 9.5%,” reads the CB report released yesterday. The report is …

“To say that we have not too high inflation rate is almost the same as to say that somebody is a little pregnant,” once said the 32nd president of the US Franklin Roosevelt. Economists don’t share this opinion. Even more, they are sure that a modest inflation rate is good and healthy for economy and …

Even though people in Armenia do not believe in statistics, the official statistics is periodically published and made available to the society. Even if people do not care about the macroeconomic information, the list of the largest taxpayers is accepted otherwise. People are interested in the list of the largest taxpayers mainly due to the …