Business & Economy

After a short-term exploitation Lars passage again stopped its functioning. As the media informs yesterday 25 trucks were stranded there yesterday, which were supposed to get to Russia from Armenia. Those were mainly loaded with grapes and mineral water. This passage located on the Russian-Georgian border has importance neither for Russia nor Georgia. It is …

According to our information recently the business of the owner of Arzni poultry Marat Jamvelyan has drastically deteriorated. Famous businessman Barsegh Beglaryan is trying to snatch the pork farms of Jamvelyan located in Armavir marz. The thing is that several years ago Beglaryan and Jamvelyan jointly bought pork farms in Armavir and during the past …

3-4 days ago the information outlets of Armenia publicized information, which remained quite imperceptible. By the invitation of the RA minister of economy Nerses Yeritsyan Yerevan hosted the former minister of economy of Venezuela, director of the international development center of University of Harvard, professor of management institute after Kennedy, Ricardo Houseman. The venerable guest …

The issue of increasing the price of the Russian gas supplied to Armenia was discussed during the Russian president Medevedev’s visit to Armenia in August. Yesterday PM Tigram Sargsyan spoke of this topic when commenting on a recent statement on part of the Russian Gazprom company, according to which the price of the gas supplied …

Development of institutions and infrastructures, improvement of the financial system, stimulating innovations, macro-economic stability… definitely people are afraid of these words because the state official don’t miss a single opportunity to speak of them. Of course these are important discussions, and the most important thing is the serious look impression given by long-lasting and modern …

The main topic of discussions concerning the economy in the recent period is the growth of prices. Several days ago the statistical service published the dynamics of price growth in the period of January-August, informing that Armenia hit a record with the inflation rate among the countries of the CIS. Products subject to inflation in …

As a rule it is mostly the big businesses or statesmen that avoid taxes in Armenia. It is known that a range of state officials have privileged conditions and terms at hand. Recently in the list of the privileged appeared Dvin Concern. This company owes the state over 600 million AMD. Let us recall that …

About ten days ago, when the National Statistics Service publicized the macroeconomic indices of the past 7 months, we honestly thought that the pro-government economists and state officials would tend to avoid comments of admiration. The reason was that we didn’t have much room to brag. Of course the official statistics showed 4% growth instead …

As the RA Central Bank informs in the second quarter of 2010 the growth of remittances of physical entities continued, which was mainly stipulated by the development of the economy of the Russian Federation. According to the new predictions of the International Monetary Fund the index of the economy growth of Russia for 2010 will …

About two weeks ago in Armenia the price of bread and bakery increased. The wheat importers, however, ensure that the operating wheat mills work with loss as the international price of bread is higher than what they price for flour. The owner of Mancho Group company Vanik Mosoyan told our reporter that the recent increase …