Business & Economy

Tatev village, which is situated in green and yellow mountains of Syunik region, has an unbelievable energetic power. It seems that the mountains and people are one part of the nature. In this village everyone knows the history of the village by heart. These people are simple and very proud. A lot of tourists visit …

The money transfers to Armenia form Russia have grown by 25% compared to the previous year, which had a serious impact on the economy. Yesterday the prime minister announced about this in the parliament and said that the situation of the world economy changed in 2010 and had a positive impact on the Armenian economy. …

The national statistics will never stop surprising us. However, before speaking about the next surprise let us ask a question. During the previous year have you ever met a teenage kid on the streets of Yerevan, who approached you to ask for alms? We think the response is positive especially for those people, who have …

Last year the paperwork and problems with documentation for large companies became more complicated. According to the changes in the RA law on accounting and audit the large companies, the income of which exceeds one billion dram in 2009 must publish the annual reports after undergoing audit, and this should be published along with the …

Everyone knows that the Armenian economy is developing spontaneously. As a result of certain processes the economic indices are getting a concrete shape, after which the government proudly announces that it is what they wanted and had planned, which was the best development scenario. For example, for last year they had foreseen 9.2% development but …

The acting director of the poultry of Lusakert Manase Yepremyan yesterday stated that in the near future they are going to increase the price of eggs. According to her the current release average price of one egg in the factory is 36 AMD, which in spite of covering the production expenses, doesn’t enable to cover …

Judging from the developments of the previous years in the modern history of Armenia no one else can exceed the second President Kocharyan in cutting “red laces.” The problem is not that the former President wouldn’t discriminate and would do the same thing for a food production with 4-5 employees and the opening of a …

“It is evident that the issues of our economy are not possible to be solved by cosmetic means. The crisis has showed that we have systemic issues and undeveloped economy,” told our reporter the former minister of finances and economy, economist Edward Sandoyan when speaking about the current state of the Armenian economy. “These issues …

During the past 19 years the state economic policy of Armenia has been built on an erratic basis. Corrupt, shady, monopolistic… this is how the economic state of Armenia can be characterized. And the economic crisis was a very good argument for the Armenian government, by which they are trying to justify their failures. The …

When analyzing the achievements of Armenia in the economic sector Edward Sandoyan, former minister of economy and incumbent deputy rector of the Russian-Armenian Slavonic State University said to our correspondent that during the past 19 years the government has only imitated growth and has done nothing serious. “For 19 years we have failed and lost …