Business & Economy

– The official information reports that the economy has grown during the first two months of this year. In January the growth reached 2,4 %, and in February – 15,2 %. Do you think it means that the crisis is over in our country?  – Even though there was economic growth during the first two …

One of the main issues that currently concern the population is the USD revaluation. And the reason is not that everybody clearly understands the crazy situation in the stock market of Armenia but because the AMD devaluation creates inflation. Judging from the bitter experience of the previous years, now everybody knows that once the AMD …

At the session of the Central Bank on March 9, 2010, it was decided to raise the refinancing rate by 0.5% and make it 6.5%. It is the third time in this year that the CB is changing the refinancing rate. On January 20 the CB board raised this rate from 5% to 5.5%, and …

“I think the exchange rate of dollar will grow up to 430-450 dram till May or June. Of course it is possible that the government may take loans not to let it happen. By the way, it won’t be the best solution as spending loans on resisting currency exchange rate changes is not a good …

The most important event of the last week was indeed the increase of the gas price. It is an economic event that will have a negative impact on the whole economy of the country. It is also possible that a new chain of revision of prices may be formed. In the public opinion the Economic …

After being closed for four years, the Upper Lars checkpoint on the Russian-Georgian border is again open. Starting from yesterday people have started to speak that the opening of the checkpoint will temper the inflation in Armenia because transport costs will reduce to a certain extent. We will come back to transport expenses and their …

As it’s known the government of Armenia consents all of its economic policies with international structures – the International monetary Fund, World Bank and other organizations. Of course the reason is not that they underestimate their knowledge and skills but because they periodically receive money from those organizations. However, when it comes to statements sometimes …

“Recently we have revealed another illegality. There is a foundation, according to which if the government receives its budgetary funding at the beginning of the year in an exceeding amount then the additional part is deposited in the bank. Depositing of budgetary funds in the banks has become a mass phenomenon,” yesterday stated the former …

“Unfortunately they don’t answer the questions we ask,” says former prime minister Hrant Bagratyan concerning the comments and justifications of the ArmRusGazArd company for shifting the gas price and the opinion of the Public Committee on Price Regulation (PCPR). The main argument Mr. Bagratyan brings is that the price of gas in Armenian dram the …

Yesterday the minister of economy of RA Nerses Yeritsyan convened a press conference to introduce the journalists to the vision of the government to make Jermuk the Swiss Werbier. Let us mention that Werbier is a tourist area, where on February 8-11 visited Yeritsyan and the delegation headed by him (mayor of Jermuk Vardan Hovhannisyan, …