Business & Economy

During these days the TV companies of Armenia are in competition to praise the government’s initiative to give out 43 billions “present”. During the government’s session on Thursday the government approved the “debts for property and land taxes”, amendment to the “law on taxes”, “law on property”, according to which the government proposes not to …

The official statistics is reporting about not only growth in the economy and industry sector, but also in the banking sector. The double-digit growth of the last year concerns the banking system, namely the crediting sector. According to the official information, the credit investments on the part of banks in the end of 2011 was …

In January of this year the economic activity indicator was 4.4% compared to the same period of last year. This information was provided by the national statistics service in its report on macroeconomic indices published recently. According to the report, the most progressive sector was the industry as its production capacity grew by 21% in …

The national statistics service has published the report on macroeconomic situation for January. This is the draft report but still gives general understanding about the macroeconomic situation of Armenia. From the economic point of view January is very passive. Half of the country is in vacation during that month. Even the official statistics shows that …

The customs committee of Armenia has published the report 2011, which shows how impressive “data” had been registered. Before the report would be published the National Statistics Service had published information concerning the external trade, showing that the export had grown by 27.7%, and the import – by 10.7%. According to the mentioned statistical information, …

While the Armenian authorities are lauding the macroeconomic indices of the previous year and are planning to give rosy promises closer to the pre-election period the Policy Forum Armenia Association warns of the possible economic disaster and requests to undertake steps to overcome it. First, the authors of the report spoke about the economic indices …

Today the situation is quite different. The term “PR” has become one of the stylish terms and it is widely used. It is not even translated into Armenian, but is just spelled as it is and claims to become one the Armenian literary words, unless some super-talented linguists translate it, as they did with many …

One of the most discussed political topic of the week was the bill on “limitation of cash transactions”. The discussions were concentrated not on the bill but the processes that were happening between the coalition powers around the bill. The PA party did not take part in the voting and failed it. The Heritage did …

The director of Rosgosstrakh company Rafael Minasbekyan yesterday stated that sooner or later the APPA fees will be revised. According to the Armenian traditions “revision” most probably means “increase.” And the justification of the increase is that the insurance companies not only don’t receive super incomes (as many other thinks) but also lose in certain …

The behavior of the US dollar exchange rate has been very strange in the recent times. Yesterday there was not foreign currency transaction in the NASDAQ OEMEX Armenia. The same thing happened on January 26 as well. In fact two days the buyers and sellers of dollar could not come to an agreed price. The …