Business & Economy

It’s about ten days since the presidential candidates started campaigning. It is ten days that we are waiting to see whether two candidates may manage to sit face to face and debate. It hasn’t happened and hardly may happen either. The candidates are busy with slashing each other and promising people that they will do …

Yesterday the head of the State Tax Service (STS) Vahram Barseghyan presented the tax inflows of 2007 and the deeds of 2008. Last year the tax bodies have input 284 billion 781 million AMD to the state budget, which is by 65 million more than in 2006. According to Barseghyan it was particularly possible to …

“Procredit” world network of banks is opening its 23rd branch in Armenia in February. German “Reconstruction credit bank” (KfW) and the European Bank of Reconstruction and Development have 17% participation in this bank. The representative of KfW in Armenia, Karapet Gevorgyan has informed “Armenpress” that it is the first time the KfW is entering the …

Once a man tried to prove that that the ideas of Diogenes were not true and asked him, “I am not you, right?” That is right, Diogenes said. He asked the next question, “I am a man, right?” “That is true too,” the philosopher said. Following this answer the man said that if I am …

The attorneys of the former deputy director of the YUKOS oil company Vasili Alexanyan warned that the life of their client is endangered in prison because the officials of Russia refuse to comply with the verdict made by the European Court of Human Rights, according to which Alexanyan must receive an immediate medical care in …

Yesterday it was announced that Russia’s state-run railway operator formally took over the long-term management of Armenia’s rail network. The winner of the bid became the Russian Railways Company. Ever since last year the RA Government expressed a wish to pass the management of the Armenian Railways to concession management rumors were spread that the …

And so the RA National Statistic Service has registered another tremendous growth for our economy. During January-November of the current year the GDP has grown by 13.6%. There is no doubt that you already know about this because such news is shown on TV no less than commercials. We can even say that this is …

Chair of the national commission on regulation of public services Robert Nazaryan has said that the commission is preparing a competition package for rendering mobile telephone services. According to Nazaryan, a competition will be announced in May 2008, and the name of the third mobile operator will become clear in August. The head of the …

Yesterday president Robert Kocharyan met with the heads of CIS customs services being in Yerevan to participate in the 46th meeting of the heads of CIS customs services. According to the press department of the president’s office, during the meeting issues concerning customs services and their work to struggle against violations were discussed. Robert Kocharyan …

Yesterday the Armeconombank got a 15 million dollar syndicated loan from the European Bank of Reconstruction and Development, and several other major banks, such as the German Commerzbank AG, the Austrian Raiffeizen Zentralbank Osterreich AG and the Bank Austria Creditanstalt AG, as well as the State Bank of India, the Land Bank of Taiwan and …