Business & Economy

Armenian Prime Minister Serge Sargysan has promised the villagers of the Aragatsotn Marz that from now on their subsidies are not going to be given to the elite of the Marzes, districts or villages, rather the rural economies. Sargsyan said what the World Trade Organization has been mandating the Armenian government to do. The government …

The RA commission on regulating public services discussed the issue of fulfillment of the responsibilities of License 60 on the part of the “Armentel” company. The commission has extended the deadline for renovating 70,000 analogue lines in the provinces up to December 31, 2007. The commission has agreed with the company’s recommendation to install necessary …

“Armentel” company will lose its monopolistic rights on telephone communication services soon. Yesterday the CEO of “Armentel” company, Oleg Bliznyuk, informed about this and noted that despite everything their company would fulfill all its responsibilities.

In one of the previous editions of “168-Zham” newspaper, entitled “Nairit”-here they know how to count their money” the newspaper received an e-mail, which was sent to us by the former manager of Nairit, director of “Nairit Trust”, Samvel Muradyan. Nairit Trust was manager of Nairit in 2003-2004. Our efforts to contact Muradyan were in …

The European Bank of Reconstruction and Development (EBRD) will hold a 20% share in “ProCredit Armenia” bank, which is starting its operation in Armenia in September. According to “Mediamax” the EBRD’s participation capital in the “ProCredit Armenia” bank will be AMD1.2 bln. This bank will specialize in providing financial capital to small and medium businesses …

Minister of Environmental Protection of Armenia, Vardan Ayvazyan, announced on Monday that Armenia foresees creating a joint venture with Russia in 2007 with the purpose of conducting geological studies and preparing a preliminary evaluation on the uranium mines of Armenia. The atomic energy agency of Russia has presented the joint venture plan of 2007. The …

Do you remember what one of the heroes of the film “We Are Our Mountains” Avag (Azat Sherents) complained about when he used to talk disappointedly about thieves and their punishment? The “world”; that was what he was complaining about. The man felt that something was not right, that something was amiss, but he couldn’t …

“Nairit” company, which is considered a production giant in Armenia, is experiencing some problems with the government. They often forget about what they have written on papers and approved. To note, upon putting this company under the management of private business, the government defined in the contract that in case of new debts, “Nairit” company …

“Nairit” production union was founded in 1940, and during the period of the Soviet Union it produced 34 types of chemical products for the Soviet market. The factory was unique due to the fact that it was the only one in the Soviet territory that produced rubber (chloroprene) and latex. This giant company was closed …

A column of cars equipped with technical devices and other goods departed from the Russian military station of Akhalkalak to the Russian military station in Gyumri. This is the first column of cars this year. Ten large trucks will transport a part of the goods and three technical equipment units. It is foreseen that the …