Business & Economy

What has our government most bragged about and still does? It is proud of its “developed and strengthened” banking system. They always speak about this but especially started to actively speak about this at the dawn of the global crisis. Maybe you all remember that our banking system should have become an island of salvation …

During the past 3-4 days all the TV channels of Armenia have been preparing long-lasting outlets from the World Expo – 2010 held in Shanghai. Prior to that we were assuming that the World Expo implies an event, during which Armenia would show whatever it got to the outside world and were thinking that the …

Journalists are impatiently waiting for the publication of the quarterly report on the biggest taxpayers of Armenia. There can always be reasons to criticize the tax bodies and the government. Unfortunately the list of the biggest taxpayers discovers the most vulnerable points of the tax collection system as the heavy load is still born by …

The state incomes committee has published the list of the largest taxpayers of the first three months, which is headed by ArmRusGazard company (5.24 billion dram), Alex Grig (4.48 billion) and Armentel company (3.46 billion dram). The fourth place is occupied by Flash company (2.73 billion). During the first three months of 2010 the largest …

The speech of the Prime Minister Tigran Sargsyan at the National Academy of Science of RA caused controversial interpretations. Regardless of formulations (e.g. scientists that have become subjects for teasing) everybody agreed that the issue touched upon really exists and it’s pretty serious. And that is the complete absence of business and science. If in …

During the crisis in 2009 the government took borrowings and credits amounting 3 billion dollars from different sources. They say it was done for the sake of the economy of Armenia. High rank officials assured us that the state debt had not exceeded the allowed limits, thus there would not be any problems with serving …

Nairit factory does not work because of the debt of 1 billion dram to the Electric Networks of Armenia company. This company used to produce about 100 thousand tons of cautchouc during the Soviet times, but during the past five years it has produced only five thousand tons. It is the reason why the company …

Ever since Armenia’s independence declaration our glorious ministry of economy or (ministry of glorious economy) has changed its name so many times that we cannot remember all of them. But one thing was fixed as there was a moment when it used to be called ministry of trade and industry. Afterwards, the word industry disappeared …

During the last week the main theme of the discussion of the society was the possible return of Robert Kocharyan to politics and Serzh Sargsyan’s comments regarding these rumors. “And when has Mr. Kocharyan ever deflected from politics so he would return now?” Sargsyan responded to the journalists in Tavoush. During this interview the President …

And so, two days ago the State Revenue Committee announced that during the first quarter of this year it was possible to levy a lot of revenue, more than anticipated – instead of 116.9 million AMD 126.7 billion was collected. As the official statement says the over-collection was registered due to the consistent efforts of …