Business & Economy

The stock market of Armenia has not been formed. According to sociologists, the reason is the fact that Armenian businessmen are individuals with their behavior and business appearance. Usually business partners have conflicts and get separated. According to economists, the existing situation with the stock market can be explained with the huge capacity of shady …

When Nerses Yeritsyan was appointed RA Minister of Trade and Economy Development, experts unanimously stated positive opinions about him that by being a sensible, unbiased, non-clannish policy maker he will put forward a new thesis which will describe the so-called second generation of reforms. After the completion of his 100-day period at office in September …

Yesterday the head of the taxation services at the RA government, Vahram Barseghyan said that as a result of inspection in 200 big shops in the country a big quantity of “Bjni” mineral water worth of AMD102 million was found, which was not supported by the corresponding documents.  According to Mr. Barseghyan, based on the …

Starting from 2008 there won’t be any privileges for the foreign investors in Armenia any more. The program of investment privileges of 1999-2007 is over now and the government is not going to resume it. Let’s mention that in the first three years of starting business in Armenia the investors were exempt from paying income …

“168 Hours” has numerously discussed the issue of the first program of water supply system development and the facts of violations in that program. In 2000 the World Bank (WB) provided $30 million credit to the Armenian government for that program. The Armenian government provided $5 million subsidy. “A Utility” company, the lessee of the …

Indeed the author of the top economic stories of the week is the State Tax Service (STS). The STS together with the Police have launched active inspections in Sil Holding. Many people see a political context behind this process. One or two months go no one would ever think that Bjni Factory of the Sukiasyans’ …

When speaking to us yesterday the president of the RA Economic Competition Protection Committee, Ashot Shahnazaryan said that the abrupt price shift of sugar on October 22-23 was aimed at creating “confusion and some people succeeded in it”. But he didn’t give details on who “these people” are. “I don’t know. I am not the …

International organizations are becoming more interested in the violations in the first program of water supply development of Yerevan and the $32 mln credit of the World Bank. To note, Bruce Tasker, who has worked for the National Assembly commission on supervising the effectiveness of foreign grants, credits and human aids as an expert alleges …

The settlement agreement between the RA government and American company “Global Gold” has not been signed yet. To note, in March “Global Gold” applied to the International Court for Settlement of Investment Disputes at the World Bank to launch arbitration. The company accuses the RA government and former minister of environmental protection in hindering its …

Geological exploration works will start in Armenia till the end of this year to look for uranium. The RA minister of energy Armen Movsisyan has said that such geological exploration works will give an opportunity to study the existing data deeper and have more concrete information about the potential of the Armenian uranium mines. After …