Business & Economy

Yesterday the National Assembly was discussing the bill on the peculiarities of the formation of the 2010 budget draft presented by the government. By that bill the government suggests that there should be no agenda on mid-term expenditures for 2010-2012. They suggest that the state doesn’t plan in advance how much money will be collected …

– Mr. Arakelyan, in a recent press conference you said that because of prime minister Tigran Sargsyan a big part of the borrowing to be provided by Russia, i.e. 100 million from the planned 500 million, will be kept in the CIS intergovernmental bank to cover the debts of Nairit company. Do you have any …

It is expected to receive the 500 million USD loan from Russia at the end of May or beginning of June. This was publicized by the first deputy-minister of finances Pavel Safaryan. He said that Armenia also expects to receive loans from the Asian Development Bank in the amount of 40 million; and another 40 …

As a result of the global crisis a number of new economic terms have been circulated and used by economists. If we classify such terms, the first one will be “financial and economic crisis” and the second one is “floating rate”. The third term is “sequestration”. It is a new term for the people of …

“In three or three and half hours the average currency rate for today will be publicized by the stock market. I am sure that today the AMD will be revaluated,” yesterday told our reporter the chairman of the Central Bank of Armenia Artur Javadyan. At first sight yesterday there was a slight revaluation of the …

Upon the initiative of Serzh Sargsyan, the second discussion of subject consultations entitled "Global Financial-Economic Crisis and Armenia:" will take place on March 20. The discussion will feature the leaders of political prisoners as well as Prime Minister Tigran Sargsyan, reports the spokesman for the RA President, Samvel Farmanyan. The first discussion was dedicated to …

In our publications we wrote that on February 16 the civil court of Yerevan considered the case of Electric Networks of Armenia company brought against Nairit Factory CJSC to declare Nairit Bankrupt. We found out that several days later Nairit Factory submitted a letter to appeal the application for bankruptcy. According to our legislation, within …

– Mr. Javadyan, after the shock of March 3 the value of the USD gradually increases. Is this the reflection of the demand of the market? Even now there are opinions that the CB interferes with the maintenance of the rate. With the same logic if the CB doesn’t control the rate it will go …

“During my tenure in the prime minister’s position about 350,000 citizens left the country but during Kocharyan’s tenure over 700,000 people left Armenia. During Kocharyan’s tenure, specifically in 1999 the official number of the population was announced 3,8 million, but in two years after that the number of population became 3,2 million in Armenia,” said …

Currently the most interesting topic in the society is the potential economic developments. The situation is visually stable in the currency market. The growth of the national currency rate during the past years made a part of citizens to keep their savings in the national currency. According to official statistics, most of the bank deposits …