Business & Economy

The Armenian representation of the CIS intergovernmental bank is a closed system in terms of providing information. The only authorized person who can answer our questions is Vahan Melkonyan, who visits and leaves Armenia quite often and doesn’t even realize that the laws are written for him too. Let’s mention that Melkonyan is the authorized …

We have become the most organized state of the region in terms of statistical data. All the state bodies issue reports about their activities. All those reports remind us of “I have both good and bad news”. The last report of the RA Ministry of Finances and Economy is one of those. It has officially …

Yesterday the National Statistics Service (NSS) publicized the preliminary index of the inflation of January-April, 2007. In April, compared to March, prices increased by 0.1%. Compared to December of last year, prices increased by 2.1%. Compared to the last 6 years, this is the lowest index. We leave it up to the readers to believe …

Co-chairman of the Armenian-Chinese intergovernmental commission, head of the European department of the Ministry of Trade of China, Syu Tunkayn recently announced that the joint Armenian-Chinese factory, “Nairit-Chance”, was going to produce synthetic rubber. The Chinese surprised the Armenians with the fact that they are going to invest 26 million USD in the factory. We …

The State Tax Service (STS) has issued the list of 1000 greatest taxpayers of Armenia for the first quarter of 2007. This list has always been interesting, especially compared with the same period last year. At first sight there is no essential change in the list. The first three places are almost always occupied by …

“The Russian side is ready to participate in the new nuclear power plant construction in Armenia,” said Sergey Kirienko, head of the Russian Atomic Energy Federative Agency, on Monday. “If the Armenian government passes a resolution on the construction of a new nuclear power plant, the Russian side is not only ready to implement the …

Armenians earning a dollar a day are considered to be in extreme poverty, and the poor are those who make up to 2 dollars a day. As you can see, the threshold of the minimum 20,000 dram salary frees the wide-range masses from being labeled poor in Armenia. Interestingly, based on the calculations of the …

“Armenia may not only exploit the nuclear power plant, but also extract uranium”. “Armenia may not only use uranium for its own purposes, but also export it”. “Armenia is completely changing its political weight as an energy-producing country in the atomic energy field by having its own radioactive material”. These were some of the announcements …

Both Armenia and Russia complain about the “property in exchange for debt” deal. Armenia is desperate; there is no money coming in, there are no workplaces, there is no production. Russia is not very happy either and complains that it has received cheaper products instead of money in exchange for the natural gas supply. What …

Yesterday, co-chair of the Armenian-Chinese inter-governmental commission and head of the European department of the Chinese trade ministry, Syu Tunkai, said that a new company named “Nairit-Chance” would be operating in China by the end of 2007. It will produce synthetic rubber. He also said that for this purpose China is going to invest $26 …