Business & Economy

The RA Prime Minister Tigran Sargsyan and the director of the Nairit CJSC (hence Nairit) V. Melkonyan have started a new game, which resembles an operation of assimilating the state property. They are trying to grant to the Nairit the Nairit OSC, which established the Nairit in 2000 and the Nairit-2, which is the owner …

Recently the National Statistics Service published information, which should have been like cold bath for the society. The economic slump of the first half of the year reached 16,3%. However there was no reaction on part of the society because they don’t give a damn about the official information and they have their own independent …

During his yesterday’s meeting with journalists the RA Minister of Finances Tigran Davtyan has made a very cautious but optimistic statement. But he didn’t speak about the abrupt progress of the economy (as did Nerses Yeritsyan) but instead informed that certain motives of stabilization are noticeable. “According to our expectations there will a slight stabilization …

We have numerously mentioned that an impression is created that our government is doing its best to get as much money as possible. They are following the logic by which they wish to have money and only then think about the rest. If in other counties wise people sit down with economist, financiers and try …

Two days ago the RA Ministry of Finances publicized the brief description of the state Budget 2009 for January-May. The numbers are really sad. The incomes of the budget amounted to 244.7 billion AMD. Compared to the same period of the previous year the incomes of the state budget decreased by 13.5% or by 37.5 …

Prime Minsiter Tigran Sargsyan has decided to do a favor for the ministers. During the past session of the government he told the government members not to go for vacation, especially not to spend their holiday in abroad. He petitioned the government members to stay and work. In order to do a favor he decided …

According to well known sources 15o out of the 500 million USD loan provided to Armenia by Russia was given to Russian companies. By the demand of the Russian side thus money should be divided among four companies – 5th bloc of Hrazdan belonging to ArmRusGazArd, the Armenian Railroads CJSC, KanAZ and the electrical network …

The International Monetary Fund (IMF) has increased financial support to Armenia up to 823 million USD. IMF Resident Representative in Armenia Nienke Oomes reported yesterday. She said that the IMF Executive Board came to an agreement with the policy of the RA government, which includes the following three directions – moderation of loan policy and …

Armenia’s GDP has reduced 15.7% over the period between January and May 2009, compared with the same period of the previous year. This record datum was publicized by the National Statistical Service of Armenia reports. Such an index wasn’t mentioned in any pessimistic forecast. Even the former premier Hrant Bagratyan forecasted maximum 6-11% economic slump …

The official digits showing the rapid fall of the economy and budget incomes have grown much (in January-April months the GDP was cut by 9.7%, and the total tax and other incomes of the budget – by 9.9%), and in parallel with this economic slump there are other reasons to worry too. It doesn’t concern …