Business & Economy

The Forbes has published an interesting article concerning the Russian billionaires. This time the Forbes did not inform the number of the Russian billionaires only, but also found out how many of them are represented in the Russian legislative body. The information they published is very impressing. Thus, there are 12 billionaires in the Russian …

Yesterday president Kocharyan cut the last ribbon during his office at the central offices building of the ArdShinInvestBank. He also had his last conversation with journalists before leaving. Kocharyan answered to many questions, including some questions concerning the possibility of a dialog between the authorities and the opposition. “I don’t think that such petitions to …

Everything is being politicized now and it is not surprising any more. But even this doesn’t give an opportunity to insist that the politicization of the economy is a purely Armenian phenomenon. The political economy term has been known to the humanity for about 200 years. Therefore the political references of the chairman of the …

We have referred to the increase of construction material prices in the last edition of 168-Zham newspaper. As a result of this the real estate price will also increase as certain predictions tell. In this regard we interviewed the founding director of the ESKO Concern CJSC Sargis Aghabekyan. – In the pre-election and post-election periods …

In the previous editions of our newspaper we have referred to the inflation in the food, real estate and other markets. We have also adverted to the inflation in the construction material market, which is in chain with the price of real estate. Almost all the items used in construction have recently significantly grown in …

As we have mentioned in our previous publications, the recent inner political events have affected the economy of Armenia. Specifically, several days ago the minister of trade and economic development Nerses Eritsyan came up with facts and predictions concerning tourism and investments. However, the problems are not limited with these fields only as the sectors …

Storm International, a Russian company, is opening new casinos in Costa Rica and Armenia this year and may take its businesses out of Russia. Michael Botcher has informed about this intention a couple of days ago. A new law has been adopted in Russia (will get in force in 2009), according to which casinos are …

Huge investment has been done to improve the security and fire protection systems of Zvartnots airport. The head of the Civil Aviation Central Board, Artyom Movsisyan says that the Armenia International Airports CJSC will invest 28 million dollar for the above mentioned purposes. “The airport already has 3 high quality vehicles, which are technically fully …

According to the Russian Finance Magazine rating 2008 among the richest people of Russia the owner of the Unicor Group (real estate, agriculture, bank) Bidzina (Boris) Ivanishvili is the 35th richest man. His property is estimated 5.2 billion USD (127.4 billion rubles). Last year Ivanishvili occupied the 25th place in the same list and his …

It is said that during elections promises are given by candidates, and later professionals have to be responsible to citizens for those promises. In our country this formula is the same. In addition, there are some harsh critics and aggressive moods too. I have numerously criticized the economic policy implemented by the authorities and tried …