Business & Economy

In Armenia butter is sold 3-5 times more expensive than its customs cost and vegetable oil is sold 2-3 times more expensive. This fact, which is well-known by everyone, was yesterday officially stated by the Chairman of the State Commission for the Protection of Economic Competition (SCPEC). It’s known that the importation of certain products …

The attorney of the suspects of the Royal Armenia case, Ashot Sargsyan during the talk to A1+ said that on the day of the last session, on October 15, Judge Souren Ghazaryan has reprimanded him a few times without any grounds. He said that he was going to ask the Chamber of Attorneys to dismiss …

British engineer Bruce Tasker continues his assertions that the $30 million credit provided by the World Bank and $5 million subsidy provided by the government of Armenia for the project of Yerevan water supplying system development has been used improperly and with violations. In 2003-2004 the latter worked in the commission of the National Assembly …

The pre-qualification commission in charge of the Armenian Railways tender had to decide the companies to pass the pre-qualification phase by October 15. We were informed by Alexander Bakhtamyan, the head of the transport Project of the transport and communication ministry, that both the two companies interested in the Armenian Railways have passed the pre-qualification …

Armenia has appeared in a rather inconvenient situation in regards with the launch of the Armenia-Iran gas pipeline. According to the experts if Armenia uses that gas pipeline then we might have certain reduction of the electrical power fee due to the calories of the Iranian gas. The calories or energy heat of the Iranian …

One of the buyers of the caoutchouc produced by “Nairit” company is a Polish company, “SAWEX”. Several days ago Milan Subotich, a shareholder of the mentioned company, visited Armenia. According to our information, the owner of Nairit, “Rainoville Property Limited” has conducted negotiations with Milan Subotich on selling the shares of Rainoville. At present the …

There are certain suspects concerning the improper use of the credit worth of $30 million given by the World Bank in 2000 and the government’s subsidy worth of $5 million for improving the water supply system. British engineer Bruce Tasker is making sensational discoveries. Recently the “Observer”, a British outlet, informed that Tasker called on …

These days the largest producer of butter and related products of Ukraine, the newly established production group “Creative”, will come up with an announcement concerning founding a joint company with Armenia (“Cre-Ar” JC), which will be involved in selling butter and other related products. According to well informed sources, the Armenian part of that business …

“I still expect what I have expected,” said RA Ombudsman Armen Harutyunyan in response to the question of the arrest of the owner of Royal Armenia Gagik Hakobyan. And his expectation was that if Hakobyan returns to Armenia voluntarily the court will summon another hearing and will resume the case. According to him if the …

During his interview to 168-Zham newspaper RA Minister of Energy, Armen Movsisyan announced that the Nairit Factory can hardly consume its produced rubber in the European market at 3000 USD per ton. He said that in the international market only Dupont rubber producing company is able to consume its product at 5000 USD per ton …