Business & Economy

As it was expected the phrase “2.5 billion USD” has become a topic for intense discussions. There criticizers, who though the numbers were not realistic. There were also supporters. RA President Robert Kocharyan “splashed” gasoline on the fire when he reminded that he had inherited a 300 million USD budget before he submitted his presidency …

– The Iran-Armenia pipeline is already ready for use. Iran is ready to start supplying gas, however, Armenia has announced that it does not have any problems with energy resources. What is the reason of refusing the Iranian gas for some time? Is the reason the fact that we don’t have enough facilities to make …

Yesterday the RA NA has started to discuss the draft on the amendments of the Code on income tax. According to the draft it is offered to tax all the offshore organizations. This means that if the offshore non-resident companies receive profit during their activity they will be taxed by 10% when they transfer the …

According to the annual report of the joint World Bank and the International financial Corporation, titled “Entrepreneurship 2008” Armenia occupies the 39th place among 178 countries. Moreover, our country was used back by 5 pints. We used to be in the 34th place last year. Let’s inform that that WB and IFC make their reports …

Smat ferryboat has already started its regular load transportation on the Caucasus-Poti route. After its tentative launch in April and transportation of the pipes of ArmRusGazArd in May the ferryboat has reached to transport Armenian load to Poti three times in late August. This information was provided to us by the RA Minister of Transportation …

The reasons of the dismissal of the former deputy-head of the National Security Service of Armenia, Grigor Harutyunyan, who was dismissed by the decree of the RA President Robert Kocharyan, were not mentioned. Perhaps the reason is that according to our sources the President’s decree wouldn’t possibly give the reasons why Harutyunyan was dismissed. The …

RA Ministry of Nature Protection has issued 65 licensees for exportation and importation of Armenian fauna and flora species. It was licensed to export 113.000 kilograms of crayfish, import 250 parrots of “Zhako” species from Congo Zoo and 81 tortoises from the UAE. Most of the licenses related to crayfish exportation, which mainly goes to …

As we know, “TDA Holding LTD” Foundation founded by the Russian Company “Troyka Dialog” obtained 96.15% of shares of the Armenian “Armimpexbank”. Will the president of the board of directors of that bank, former minister of finances of RA, Levon Barkhudaryan remain in his post? “We’ll see. I can’t say for sure.” By the way, …

The Russian Troyka Dialog investment company has bought the Armenian Armimpexbank. Yesterday the RA CB chairman Tigran Sargsyan told the journalists that the investment opportunities of the Troyka Dialog are important for the financial and economic development of Armenia. According to the founder of the Troyka Dialog, Ruben Vardanyan the access of the bank to …

Two companies have submitted applications for the management of “Armenian Railways”, which are “Russian Railways” and “Rites”, an Indian company. The name of the winner will be announced on October 15. The precondition for the company’s management is investing $120mln during ten years. It is clear that there will not be a third company applying …