Business & Economy

It is established that foreign companies are exempt from paying income tax during the first two years of their foundation. Certainly, the purpose of such a policy is making Armenia attractive for foreign investors. Every year, the state statistics department registers growth of foreign investments. However, the reality is that most of the companies existing …

Our society is informed once again. In his interview, CB Chairman Tigran Sargsyan once again mentioned that the national AMD is going keep revaluating. The explanation is again the same: “significant financial inflows, in particular foreign transfers, and at least 10% economic growth.” These are the factors that conduce to strengthening the national currency. The …

– The RA Economic Court recognized the two acts composed by the RA Ministry of Environmental Protection as invalid and this served as a basis for Indian chief manager of the “Ararat Gold Extraction Company” (AGEC), B. K. Sharma, to announce that whatever they do, they do within the law. Will you interpret this? – …

Recently it was reported in the media that the “Vedanta Resources” company was selling Ararat Gold Recovery Company (AGRC). Vedanta Resources is a mining company and operates silver, copper, steel, zinc and other mines in many countries of the world. Ararat Gold Recovery Company became the property of this company last year; before that time …

Recently in the town of Beardeaux, in France, an exhibition of wines and brandy named “VINEXPO” was held, in which the most famous wine producing companies of the world were represented. Even Moldova, the wines of which had earned a “veto” on the part of the world supervising organization, was represented at the exhibition in …

The “Transcentral Asia Petrochemical” holding, existing in Kazakhstan, now owns 51% of the stocks of the Turkish “Petkim” petrochemical company and one of the three principal associates presented as an investor is the “Troyka Dialog” company headed by Russian-Armenian businessman Ruben Vardanyan. Kazakh holding has proposed 2 billion 50 million dollars for the “Petkim” stocks, …

The Public Services Regulatory Commission is preparing to deny the pricing proposal presented by the “ArmenTel” joint-stock company. The issue concerning the denial of the proposal is included in the agenda of the regular session to be held on July 13. Let us mention that the company had appealed to the commission on June 1. …

According to our information, “Vedanta Resourses” company is selling Ararat Gold Mining Factory (AGMF). “It is two months that “Vedanta Resourses” company has wanted to sell the factory,” AGMF director Vardan Vardanyan told us. “We have announced a competition for that purpose. It is not yet clear who the winner is.” According to our information, …

The staff of the Nairit factory has applied to our newspaper with the request to make their complaints and grievances available to the management of the factory through our newspaper. The problem is that the board of directors of Nairit has recently fired the director of the factory, Karen Israelyan. The staff wishes to have …

Nairit factory remains to be the tensest “spot” for certain Russian circles. This time we are publicizing one of the letters we received via e-mail, which is similarly troublesome for our society. “Balloon investments” Recently, in Armenia, they have spoken a lot about investments, which are going to be dropping on Nairit like “golden eagles”. …