Business & Economy

The state income committee of Armenia has published the list of the biggest 300 taxpayers in 2008. The media has already covered this issue and mostly compared to see whether the taxpayers paid more or less in 2008 compared to the previous year. The list of the biggest taxpayers has “hidden charm”, which comes out …

The owner of Troyka Dialogue company’s controlling shares, Ruben Vardanyan has sold his stocks to Standard Bank from South Africa. This information was published by Vedomosti newspaper, according to which the Standard Bank estimated the 30% share of the control packet interest at $150-200. The president of Troyka Dialogue board of directors, the officials and …

The state commission on protection of economic competition has numerously adopted punishment against MP Samvel Alexanyan’s companies (Flitfood, Nataly Pharm, Salex Group, Salex Grig companies) for offering fake goods and products. However, such punishments have always been very small compared to the super-profit received from selling such fake goods. Furthermore, as the MP is under …

Experts say that 2009 is going to be a very difficult year for economy, including the Armenian economy. However, despite the fact that the crisis is growing and the money inflows from overseas is cutting down the government is optimistic and believes that the budget will be fulfilled. From this point of view a lot …

At the end of last year Frank Muller company won the Production prize granted by the International Trade House of Geneva. This prize is given since 1985 for “exclusive improvements” in production. The prize was granted to co-owners of the company Frank Muller and Vardan Sirmakes. It is worth mentioning that Vardan Sirmakes, who is …

In one of the editions of our newspaper we wrote about officials’ talent to escape from answers to certain questions or giving answers which don’t mean anything. Specifically, we cited a small part from an interview given to a newspaper by the minister of economy, Nerses Yeritsyan. In answer to a question whether the events …

“During 24 months after the adoption of the contract the owners made an investment of 40 million USD in the current industry,” recently said the general director of Nairit Vahan Melkonyan. According to our information this number is not quite true. Our sources claim that this money wasn’t spent on procuring machines, devices, etc. Instead …

In conditions of international crisis currency exchange rates are changing more often. In the recent time the Armenian dram was not stabile and the exchange rates of currencies towards the national currency were changing all the time. Even though these changes were not much, it is clear that the Armenian dram is losing its price …

The problems connected with Bjni Mineral Water Company are up to getting an unexpected solution. Such unexpected solutions are innovation in the newest history of the country. It is the first time that a company that is in operation is being brought up for auction. It is a company, which has successfully sold two new …

The Central Bank of Armenia is reducing the REPO rate by a half percent. Before doing this the government has been excluding the possibility of economic crisis. The prime minister petitioned people not to think about crisis either. However, the CB is implementing the same policy as the other countries suffered as a result of …