Business & Economy

One month ago the Central Bank of Armenia organized a press conference concerning the CB’s financial monitoring policy. The goal of the press conference was to proudly announce that the international organizations had observed improvement in relation to struggling against money laundering in Armenia, we were in the 10th place among the 25 countries monitored …

During September there were 13.636 transactions of real estate in the country, which is more by 3.1% compared to the same period of last year, and more by 6.1% compared to August 2009. This information was provided by the A1+ referring to the official information of the state cadastre. Accordingly, 80.2% out of the transactions …

The deputy chairman of the Tashir group of companies Vitali Efimkin says the company has spent $9,5 million for opening four private retails sales shops in a mall in the center of Moscow. According to him as a result of this investment the group of companies will have 22 retail trade centers in Moscow, and …

A real politician is the one who can foresee what is going to happen tomorrow and then explain why it happened. When we look at the high rank officials we judge their failures based on these words Winston Churchill said. It is a pity that many of the officials cannot be considered good politicians according …

Yesterday Prime Minister Tigran Sargsyan and the minister of finances Tigran Davtyan presented to the NA the state budget draft 2010. And so the expenditure section of the budget is planned 859 billion AMD. This is less by 75 billion AMD compared to the planned amount and is 21 billion less than the expected expenses. …

“The budget expenses of 2009 will have to be cut again,” during yesterday’s press conference stated the minister of finances of RA Tigran Davtyan. Let us remember that the Armenian state budget for 2009, drawn up before the onset of the crisis, calls for 945 billion drams in expenditures and the government planned to cut …

When the population started to more or less trust the bonus system of the CMU receipts and collect receipts the government got quite encouraged. “The cart finally took off,” on September 10 said the Prime Minister of Armenia Tigran Sargsyan during the government session and added, “We may register that hence the RA citizens demand …

At the end of the last week the delegation of the World Bank (WB) was in Armenia. The delegation was headed by the managing director of the WB Ngozi Okonjo-Iweala. That is the reason that despite the fact that the visit was over the weekend, on Sunday, the interest level of journalists was very high. …

It turns out Armenia is one of the leading states to fight money laundering. According to the international standards of Money Laundering and Financing of Terrorism (MLFT) of the evaluation report published by the MONEYVAL, our country is in the 10th place among the EU countries and is in a higher position than, for instance, …

When discussing the issue of the growth of the Armenian foreign debt the officials and economists of the government say that it does not matter how much the debt is, the important thing is how these resources are being used. It would be logical and better if the government organized public discussions and provide more …