Business & Economy

The World Bank has released its regular report titled the Prospects of World Economy, in which it reduced its January prediction of economic growth for Armenia in 2012 by 0,2%. In January the WB predicted 4,3% economic growth. In the report the prediction is 4,1%. In the region Armenia is the only country that has …

400-500 experienced IT sector specialists migrate from Armenia every year. Moreover, year by year the figure of migration grows. This was yesterday stated by the head of the union of information technology organizations Karen Vardanyan. “But the reasons are not only financial but also include the fact that they have no place to grow,” he …

In previous publications we have written about the exchange rate fluctuations and that inflation of the dram is good for domestic producers and exporters. We have also written that most of our export is targeted at European countries, thus in fact the exchange rate of Euro should have been more important in this process than …

It is hard to say what is the biggest economic news of the week. The laurel of priority has two nominees – the appointment of the RA Prime Minister and devaluation of the AMD. For the consumer there is also the third one – inflation. Let’s get back to the appointment of Tigran Sargsyan and …

After a short break dollar continues rising in the price again. Yesterday the average exchange rate of US dollar in NASDAQ OMX stock exchange was 407.45 dram. The rate of dollar grew by 0.45% (1.81 points). Last time dollar was above this exchange rate was 6 years ago, on August 2006, when the exchange rate …

Yesterday ArmRusGazArd provided clarifications in response to our newspapers article published on May 31, titled “Russians wish to have the last 20% of ArmRusGazArd.” The clarification specifically reads, “ArmRusGazArd in accordance with the license provided by RA committee on regulation of public relations, dated September 22, 2003 submitted its reports to the RA committee on …

According to the state incomes committee, the largest taxpayer of the first three months of the year is ArmRusGazArd company. During the past years this company has been the main largest taxpayer for years. The management of the company has always been flattered by this fact. The management of this company always refers to these …

– What do you think about the reasons of the recent drastic appreciation of US dollar? – To be honest, I don’t care about it because such short-term, processes cannot affect the macroeconomic situation. On the macroeconomic level, of course, some participants of the financial market and enterprises of the real sector may have losses …

Yesterday in NASDAQ OEMEX stock exchange 12.86 million dollars was sold, due to which the opening rate of US dollar went down from 408 and closed at 406.75 drams. In the end of the day the price of dollar was high by 1.22 and the closing rate was 407.22. There were no significant changes in …

The national Statistics Service published a report on the macro-economic situation for January-April, which shows that it is a long time that the sector of construction cannot revive and go out of crisis. The most interesting and noteworthy fact is not the recession, but the attention of the government and experts to this issue and …