Business & Economy

“Armenia is favorable for foreign investments only in the formal aspect but realistically indeed not,” told our reporter the former minister of economy, former chair of the Armenian Association of Banks Armen Yeghiazaryan. “Today the businessmen are trying to integrate with the government to insure their businesses and the ones that succeed in that have …

In a day or two the official statistics will “rejoice” us with their regular figures. Let us recall that in the first quarter of this year the NSS has predicted 6.7% growth of the GDP by causing the government and pro-government politicians brag about this. Our folks connect the registered figures with the anti-corruption actions …

According to the official information, during the first half of this year the economy has grown by 6,7%. According to the national statistics, the growth rates of construction, export and import, as well as the service sector have stayed the same. However, the sector of agriculture has slumped by 13,1%. During this month the rate …

And so we halved the year with a 6.7% economic growth. And this is according to official data. Of course compared to the 8.8% economic growth of January the rates have reduced a little bit but compared to the terrible rates of the slump of the last year the 6.7%% economic growth isn’t that bad. …

– It seems that there are not many tourists in Armenia this year. What is the reason? – Maybe this year there are fewer tourists in Armenia than in 2007, which was a travel “boom” for Armenia. However, we can’t say that tourists don’t visit Armenia much. According to the official information of the ministry, …

The number of millionaires, which was reduced as a result of the economic crisis, is growing again and returning to the same level as before the crisis. The research of the Merrill Lynch investment bank shows that the millionaires are more careful now. The investors in the stock markets are more cautious now. If they …

Yesterday the media covered two types of information, which were not connected with each other at first glance. The first one is that the prime minister Tigran Sargsyan accepted the Ambassador of China to Armenia Tian Chanchun and by welcoming the Ambassador thanked his country for the dynamic development of the relations with Armenia. The …

Several days ago quite interesting information appeared on the internet news, which was quickly dispersed on Armenian websites. It turns out that the Russian tourists prefer to spend their vacation in Armenia and are inspired with unique love to our country. The number of the Russian tourist to our country has risen 4 times within …

If we believe that the figures the official statistics services write or paint are true, we will have the impression that Armenia is in a phase of a rapid economic growth. According to the statistical services, the growth during the first five months of this year reached 8,8%. This is a very good growth indicator …

It turns out that the reasons of the 8.8% economic growth of this year are everything but the bad economic rates of last year. During the 16th session of the Armenian competition foundation Tigran Sargsyan came up with an opening speech and said that the economic growth of 8,8% is a result of three factors. …