Business & Economy

As we have already informed the Nairit CJSC in the person of its director Vahan Melkonyan is appealing at the court the 875 decision of the government made in 2000, by demanding the actives of the state Nairit and monetary compensation in the amount of 380 million USD. Currently this issue is being discussed in …

Yesterday a lot of banks stopped selling foreign currency. According to our information, the problem of keeping the national currency exchange rate stabile is so serious that the government has decided to make a critical step. Specifically, they have decided to increase the capacity of compulsory bank credit reserves from 12% to 30%. This is …

They say that in the nearest future the interest rates of mortgage loans will decrease by 1.5-2%. The thing is that the National Mortgage Company established about 1.5 months ago starting from September 1 will re-fund the mortgage loans of trade banks by 7.5% instead of the previous 9%. Reminder: The mentioned company has virtually …

– During the 8 months of this year the budget collected 300 billion dram instead of the planned 727 billion taxes and other related payments. Four months have remained till the end of this year, do you hope that it is possible to collect the rest of the planned money during these four months? – …

Back from the end of the last year the experts were warning that the global crisis would cause a high level of criminality. Despite this simple reality there is no need to be an expert. The global crisis and the unemployment, decrease of incomes caused by it will inevitably cause increase of crime and specifically …

According to the government, the economy will have a growth of 1-1.5% next year. The minister of finances Tigran Davtyan made such statement recently and said that when drafting the budget of 2010 they took into consideration the mentioned economic growth rate. He forecast 10-15% economic decline for this year. Tigran Davtyan says that as …

According to our information, two administrative employees of caoutchouc production department of Nairit company have resigned and said that the production of caoutchouc through the methods of acetylene and chloroprene is dangerous and there is a risk of explosion, which is more dangerous than the explosion of May 14. We tried to verify this information, …

Ruslana Grigoryan, the spokeswoman of the Armenian representation of Geopromining company, informed us that the 400 employees of their company, who had been in compulsory vacation, were called back and joined the 500 employees to work. According to her, the company has covered all salary debts and is working now.

“Making predictions is an ungrateful occupation,” say the all the representatives of the government, the oppositionists and independent experts and the specialists of international financial organizations. They say so…but continue making forecasts. At the beginning they were saying that the economic plummet in Armenia will be zero in 2009; afterwards they said 1-2%, then 5%, …

Our government has a talent to show the rates and any information in a manner to show as an achievement. It is not about the TV news programs because they are very simple. For example, they find one good thing in a big statistical report and build their reportage on this one small good thing …