Business & Economy

The global crisis, which according to the written and unwritten rules invented by the bright brains of our country, had to pass near Armenia and not affect the domestic ec0onomy, is getting deeper. It is so deep that even the official statistics cannot change the real picture. The first official report concerning the economic regression …

According to our information, PM Tigran Sargsyan will visit Nairit factory on April 28. On April 10 the minister of economy Nerses Yeritsyan visited the company and gave some instructions for the purpose of preparing the prime minister’s visit. The factory staff cleaned up the places where the PM will walk and selected several workers …

Since our recent publication concerning Nairit the management of the company is looking for guilty people for outflow of information. According to our information, “as a result of operative actions they searched and found two employees” who have been fired. One of the employees was asked to come back because he threatened to give more …

The topic of opening the Armenian-Turkish border is in the focus of public discussions again. There have been a number of publications concerning the possibility of opening the borders and the expected results in international media. The decision to keep the borders close on part of Turkey did not make its expectations come true. Armenia …

The current situation is very specific due to the fact that the perspective of economic forecast is very limited. No long-term and even short-term forecast is justified and realistic.  One can forecast and plan for several months only. We are like a ship which is sailing in dark and fog. There can be clear waters …

According to the predictions of the International Monetary Fund, during this year the world economy will fall by 0.5 per cent. In countries concentrated on production the economies will fall by 3-3.5 per cent. Such predictions were made by Masud Ahmed, the head of the IMF department of Middle East and Central Asia, during a …

“There are no countries to benefit from the international crisis, all countries have losses. Accordingly, experts say that countries should fight the crisis with joint efforts,” said Levon Barkhudaryan, former minister of finances and the incumbent elder adviser of AVAG Solutions company, during a recent discussion on the topic of Influence of the Global Economy …

“According to our information the slump of the state budget 2009 will be 2.9%,” yesterday such a statement was made by the chairman of the Central Bank of Armenia Artur Javadyan. He said that the government even has worse scenarios than they predict but even so it doesn’t sequester the budget and that according to …

The government submitted to the NA bills on amending the code on Administrative legal violations and the laws on Currency regulation. In those mentioned laws the punishments for the violators were restricted. According to the current law in the territory of Armenia the entrepreneurs are not allowed to label prices in currency. It means goods …

“The recent borrowing of Nairit company amounting to 35 million dollar has not been spent on the company’s needs and restarting the production. About 10-15% of the sum was paid to cover the energy expenses and salaries, and the other part of the sum, according to my information, has been spent on speculations. Specifically, 8 …