Business & Economy

– The national statistics service has published the preliminary macroeconomic information for the first 7 months of 2009, according to which the economic decline reached 18.5%. Did you expect such harsh slump? – In the end of 2008, when the parliament adopted the budget of 2009, I announced that we would have a double-digit decline …

According to our information, the budget for next year will be cut down by 15-20% compared to the budget of this year. The ministry of finance has already started the process of preparing the budget of 2010. According to official predictions, this year the economic decline will reach 15-20%, and it is not excluded that …

“The institute of sequester, in fact, is not a tragedy, the problem of sequester is that it causes the resignation of the government as well,” told our reporter the deputy-chair of the NA standing committee on economic issues Vardan Bostanjyan. “But as in our case it is conditioned with various factors, on which Armenia cannot …

In the first half of this year the revenue of the RA state budget amounted to 300 billion AMD, which only makes 1 third of the expected annual revenues forecast for 2009 (over 900 billion AMD). “We do not intend to apply sequester,” approximately 1.5 years ago stated the RA Prime Minister Tigran Sargsyan by …

Several days ago when deputy minister of finance Vardan Aramyan said that he thought the economic slump for 2009 would be 12-15% many people were looking forward to see what the official statistics would report. One day later the statistical services published information, which was worse than the prediction of the deputy minister. The economic …

According to our information during his meeting with the RA Prime Minister Tigran Sargsyan the newly appointed president of the CIS Intergovernmental Bank Igor Suvorov demanded that the Intergovernmental Bank should become the owner of 90% of the stocks of Nairit due to the debts of the current owner of Nairit – Raynoville. The issue …

During the first quarter of 2009 the greatest 325 taxpayers of Armenia have by 24% reduced the amount of their taxes paid to the state budget. The evidence of that is the publication of the RA State Revenue Committee on the 325 greatest taxpayers of Armenia, dated June, 2009. This decrease amounted to 24% in …

ALL TV companies have announced about the government’s decision, according to which it is obligatory to fasten car belts. By an interesting coincidence I was stopped by the traffic police on my way to work after my holiday and they gave me a bill for not fastening the belts. “The prime-minister has instructed so, it …

In one of the previous releases of our newspaper we adverted to the taxes paid by the 325 greatest taxpayers of Armenia for the period of January-April 2009. Although the circulation of the products of these taxpayers was reduced by 1% but they started to pay 24% less taxes to the budget (social security payments, …

“Get smarter and revise the budget, which you have adopted,” during yesterday’s debate the ex-president of the Central Bank, member of the Armenian National Congress Bagrat Asatryan petitioned to the members of the government and the NA representatives. The debate on the ways of overcoming the economic recession also hosted the deputy-minister of finance of …