Business & Economy

It’s known for everybody that that Armenia’s economy is monopolized. So is especially the sector of importation, the ruthless consequences of which we feel on our pockets every day. The monopolized economy sometimes has an abrupt demonstration. The best example for that was the abrupt rise of the sugar price. It was when during one …

– Mr. Bagratyan, an Armenian newspaper has written that the Ararat wine factory of Yerevan has been privatized and as a result it was shown that the transaction price was just 60 thousand dollar and millions were grabbed. There were also rumors that you were a participant of that transaction and your relatives have been …

The national currency has recovered its balance and now the USD-AMD exchange rate ranges around 300. The authorities are happy to see that the differences between the exchange rates suggested by different currency exchange points are not much again. They are petitioning people not to exchange currency during weekends. During those days the authorities are …

Last week the USD has drastically been devalued and reached the rate of 280 AMD per USD. Two days later it again was devalued but didn’t reach the previous rate but only 300 AMD per USD. On Monday the former president of the CB Bagrat Asatryan and former Prime Minister Hrant Bagratyan commented on that …

During the past week US dollar was depreciated by 35-40 dram per dollar, however later the exchange rate went up by 25-30 dram per dollar, but it did not reach the level it had before such depreciation. Currently one dollar exchange rate offered by currency exchange points in Yerevan is about 296-300. According to the …

Dollar exchange rate reached its lowest point of these past years during the last weekend. The exchange rate of 1 USD was 275-280 Armenian drams. Yesterday the exchange rate was increased up to 290-300. It is clear that this process cannot be explained by any objective grounds and definitely the most appropriate explanation is that …

This week dollar was rapidly depreciated. In case the exchange rate was 326 in the beginning of the week, yesterday it was at 300 dram (in some places 290). By the way, compared to 2003 dollar has been depreciated by 45%. Several days ago it was the 14th anniversary of the Armenian currency and such …

In the period of January-October the officers of environmental protection control (EPCD) department of the RA Environmental protection ministry conducted inspection on compliance with the requirements of the environmental protection law (with the help of the central and regional laboratories) in a number of mines and have found violations in water flows coming out of …

Armenia annually produces about 1500 tone wool from 633.000 sheep, the most part of which is sold in the domestic market and in Georgia. “Wool Processing Factory” in Surenavan buys big quantities of wool every year. After making some materials it sells them to “Haygorg” and “Armen-carpet” companies to make hand-made carpets. The rest part …

Yesterday one of the leading operators of the Scandinavian stock market, Swedish company OMX, bought 100% shares of the Armenian stock market and central depositary. The shares will be handed over to OMX on January 3, 2008. The price of the transaction has not been informed yet. The document was signed by PM Serzh Sargsyan …