Business & Economy

By judging from the motives of international economy in terms of indices Armenia’s president Serzh Sargsyan turned out to be more unlucky than his predecessor Robert Kocharyan. If during presidency of Kocharyan Armenia would register a 14% economic growth then in the opinion of the specialists it may never happen again. Thus, according to the …

What can a citizen of Armenia do if he has money but no place to invest that money? Due to currency exchange rate changes and low interest rates it is risky to invest money in banks or other financial institutions. “I don’t think the state may dare not to return the deposits because people will …

It has been several weeks that the international community feels the affect of the economic crisis and hopes to overcome it in the near future. However everything is calm in Armenia and the world crisis has not affected Armenia’s economy yet. At first glance we should be happy for that, but the reason is not …

– Mr. Bagratyan, during the past 10 years the Euro was devaluated very rapidly. Do you think that is a result of international crisis or local factor? – The rate is being shifted in the whole world. In Armenia this process is expressed in a more condensed way. Before explaining the Euro devaluation let us …

Yesterday the price packages of the third operator, which bids to win the telecommunication tender, were opened in the RA Ministry of Transport and Communication. “Orange” Branch Company of the “France Telecom” presented the highest financial offer in the tender of the third phone operator in Armenia – 51 million 500,000 euros. And this company …

Yesterday the price packages of the third operator, which bids to win the telecommunication tender, were opened in the RA Ministry of Transport and Communication. The representatives of all the three companies, who were competing for the tender, were present at the ceremony. According to that the French Orange company had made the biggest bid, …

About two weeks ago we wrote that US congressman Brad Sherman said that as a result of the Georgian-Russian conflict Armenia had a loss equal to $680 million. If this figure is true it is very big for a small country such as Armenia and it is not quite understandable how the authorities can say …

Armenia has been given the 44th place in Doing Business 2009 report published by the World Bank and the International financial corporation. The evaluation of this report is based on the level of easy business environments in different countries. Last year Armenia was given the 41st place among 181 countries in this report. Azerbaijan has …

It turns out that during these days, when there is a crisis of petrol in Armenia, a part of the petrol intended for Armenia was used by Georgia. Such announcement has been made by the head of the Armenian-Georgian and Armenian-Russian business associations Volodya Badalyan. He says that our companies buy petrol to import to …

It is more than one week that there is a crisis of benzene in Armenia. Despite the assurances of the government the crisis is deepening. During these days there were liens of cars waiting near gas stations to buy gas, and one liter of benzene in the shady market cost 1200 dram. According to the …