Business & Economy

In our previous editions we have published an article entitled “Did the Western union chose Azerbaijan?”, which writes about the decision of the Armenian Central Bank to terminate the activities of Western Union in Armenia and the reasons. We have also asked the Central bank to give some explanations and clarifications about their decision and …

Armenian citizens who work in abroad and want to send money to their relative hence cannot remit money through the services of Western Union. The Central Bank board session presided by CB president Artur Javadyan on August 22 made a decision to cease the participation of all banks operating in Armenia in the Western Union …

The Georgian-Russian war prompted a big flow of population movement from Georgia to Armenia. After the end of active military actions, specialists of the Armenian Migration Agency of the Territorial Ministry and UNHCR Armenia Agency visited three crossing points on the Armenian-Georgian border to study the situation on the ground. According to UNHCR Armenia Agency, …

According to the decision of the government on Sunday a pack of 39 trucks was sent to the Georgian Batumi port to transport the gasoline belonging to the Flash CJSC. This process is coordinated by the President’s Advisor, former Minister of Transport and Communication Andranik Manukyan. The second pack of the trucks will most possibly …

As a result of the Georgian-Ossetian conflict the crisis formed in the Armenian cargo transportation gets even deeper. If initially at the beginning of the conflict no ships would enter the Georgian Poti and Batumi ports now one more problem is added to that. Last Saturday the railway bridge (40 kilometer), which takes from Gori …

On July 30 the national bank of Azerbaijan terminated the operation of Western Union and MoneyGram systems in their country because of the fact that system also transfers money to the Republic of Nagorno Karabakh. On July 29 the president of the ANB submitted a letter to all banks of Azerbaijan and instructed them to …

After a long time the government has decided to install cash registers in fairs as well. It means that very soon small and medium trade businesses are going to have cash registers. Even though the government has adopted a decision that such cash registers will be bought not by the sellers but by the organizers …

The president of the RA Central Bank Artur Javadyan says that during one month the Central Bank of Armenia will prepare a draft law on the pan-Armenian bank and will submit it to the National Assembly, and this institution will be established either at the end of this year or in the beginning of next …

On Saturday the Banks Union of Armenia held its annual general meeting in Dilijan city. PM Tigran Sargsyan took part in the general meeting as well. Tigran Sargsyan presented five theses, which are interesting not due to their executive effectiveness but also the manner of presentation and structure. The bankers, who know Tigran Sargsyan better …

“The government program, which the Armenian government is implementing is going to turn Armenia into a tax state,” yesterday said the head of the Politeconomia Institute of Legal, Political and Economic Studies, economist Andranik Tevanyan in Hayeli press club. Speaking of the fact that the government is emphasizing the tax levying policy Tevanyan thinks the …