Business & Economy

In the middle of April when Tigran Sargsyan was just appointed prime minister of Armenia, he gave an interview to our newspaper. At that time Sargsyan was optimistic and thrilled by saying that the epoch of changes has arrived. As a response to the question when we would feel these changes the newly appointed premier …

It is more than a month that Bjni mineral water company does not work. On October 10 the Administrative Court of Armenia made a decision to confiscate over 4 billion dram from the company. Later, on October 23 the justice ministry department of mandatory fulfillment of judicial acts confiscated the vehicles of the company, closed …

“They always ask whether we are late or not. Of course, we are late because Armenia was the last among the former Soviet Union states that started to circulat its own monetary unit – the AMD in 1993,” on Saturday said the former CB chairman Bagrat Asatryan during the ceremony dedicated to the 15th anniversary …

During his interview to the German Handelsblatt magazine President of the Gazprom Alexey Miller stated that during the upcoming three years the prices of natural gas and oil will raise tremendously. He mentioned that the gas price is formed based on the oil price. According to him in 2009 the gas price will fall for …

Armenia’s prime minister spoke of the risks that the country faces in view of the continuing global economic crisis as he visited parliament for a state budget debate yesterday. Addressing lawmakers from the parliament tribune Tigran Sargsyan said, however, Armenia is ready to face up to the challenge and make sure the crisis has a …

Yesterday RA Prime Minister Tigran Sargsyan made a speech at the National Assembly of Armenia, which related to the budget of 2009. As usual Sargsyan read a little lecture for the RA MPs, which related to the financial crisis, its reasons, consequences and the lessons learned from the crisis. Armenia’s prime minister spoke of the …

The state budget of 2009 plans a rate of 302.4 AMD per USD. It means the government forecasts that next year the USD rate will remain almost unchanged next year. It is mildly said quite doubtful despite the fact that our CB has a great experience of managing “floating” currency. Before speaking about the possibility …

While our authorities day and night are mentioning that Armenia will soon become financial center with competitive economy, while promising that after several years we will be able to compare with the economy of East European countries, Armenian economy seems to go in an opposite direction, against the will and the promises of its own …

Some 150 taxi drivers staged a protest action near the Government building yesterday morning. They gathered near the “circle of Tets,” in order to drive to the government building as an act of support. They were stopped by policemen and red-hats who promised to call and learn the answer to their concern. But the drivers …

“A contract on energy trade has been executed with Turkey, according to which during 4-5 months some works are to be done to prepare the line, especially to recover the 3-4 kilometers electricity line in the territory of Turkey which has been removed in the past. Once these works are done we will export energy,” …