Business & Economy

Great success: the Armenian government is establishing an institution in charge of discovering the interests of officials. In other words, this institution is established for the purpose of discovering the interests of MPs, government officials and others and not to let them be involved in business activities. The government is so sensitive to this issue …

The RA Central Bank publicized the credit-loan program of the second quarter of 2009, which anticipates 5.8% slump. This index excels the prediction slump brought up by the International Monetary Fund. According to their index the slump would be 5%.

According to the prediction of the Armenian Central Bank, the Armenian economy will fall by 5.8% during the current year. This prediction was made in a recent report entitled “RA monetary policy: second quarter” published by the CB recently. It is worth mentioning that this economic slump predicted by the CB is bigger than that …

While we were trying to get used to the International Monetary Fund’s prediction concerning 5 per cent fall of the domestic economy, the representative of the IMF in Armenia Ninke Omes told other bad news and informed that this recession may exceed the prediction of 5%. “There are a number of factors, most of which …

According to the data of the State Revenue Committee (SRC) in 2008 approximately 102 thousand tons of sugar worth 31 million 197 thousand AMD was imported to Armenia. This number is the cost at the border. As they informed from the STC the customs tax for sugar is 20% VAT. After doing a simple math …

The government has initiated a bill to appoint representatives in separate business companies. Specifically, what the government wants to do is amending the law on tax collection in a manner enabling the taxation department to appoint tax inspectors in business companies to control their activities for the purpose of tax collection. According to the mentioned …

It started. But no one knows so far what had started. It’s known that Worley Parsons, a leading global player in energy and resources markets, has won a tender for construction of Armenia’s new power unit. According to the official version Armenia preferred Worley Parsons to another global consortium, as the latter did not provide …

We think that there would hardly be anyone in Armenia, who would confidently say that everything is perfect in the banking system of Armenia. The banks just like Najaryan from the movie “Golden Bull” don’t refuse but don’t give loans. It means there are issues connected with loans. This also directly confirms the decision of …

Yesterday the Armenian Finance Minister Tigran Davtyan, speaking in National Assembly stated that the salaries, pensions and social grants are not being prolonged in Armenia. The minister rejected the information in this relation appeared in the press. He said that all the payments will be made in accordance with the scheduled period of times. He …

As we have informed in our publications, today the prime minister will visit the Nairit company. An employee from the mentioned company called us yesterday and told about the planned event and how the company was going to meet the prime minister. “Only those workers will meet with the prime minister who have been given …