Business & Economy

It’s the second week since the national dram has been devaluating. The population is quite thrilled about that. Unlike official statements, they know that their incomes are coming from abroad. And the ones who, from here, work abroad don’t make very much. Therefore, the majority of the population is really sorry about the state policy …

The ferry transporting Armenia’s cargo from the Russian “Caucasus” harbor arrived at the Poti harbor on Tuesday. The Caucasus-Poti ferry was supposed to make its first test trip on March 15, but it didn’t. Owner of the ferry, representative of the “Reserve Capital Corporation” Kiril Lapsheyev, clarified that there was no final agreement on the …

Starting from today, the airports of Armenia will not allow passengers to take baggage on the plane that doesn’t belong to them. Very often, one can witness cases when people ask passengers to check in their baggage or carry it on the plane. They ask the passengers to take those items to their friends or …

“Armenia’s population income growth rate is higher than the GDP growth rate,” Armenian Deputy Minister of Trade and Economic Development Tigran Davtyan reported. “In fact, GDP growth has had an effect on the population’s incomes,” he said. According to him, economy gains momentum, and the economic development tells upon the population. "It’s another thing that …

Compared to the CIS, the infrastructures of communication of Armenia were developing slowly in the conditions of monopoly of international access and fixed (telephone) communication. This extremely limited sector has never seemed attractive for investors, which didn’t enable us to apply modern means of data transfer. The situation is the same even now because the …

The network of Armenia is once again in the center of attention of the government and society. Everything started with the strange announcement of the RA Commission on regulating public services. Speaking of the name of the national security service, this commission made all telephone companies register their subscribers, starting from July 1. In past, …

On April 2 the Los Angeles Times published an article titled “A tale of arsenic and old ways”, which related to the warning of the FDA about the contents of the high amount of arsenic in Jermuk mineral water. “For generations, bottled mineral water from the town of Jermuk has been a kind of national …

“In 2002, when I was accepted to work at the “Mika-Cement” factory in Hrazdan, I started out by creating the management system,” says general director of the factory Naira Martirosyan. As I take a tour around the factory with the director I witness how an owner has to treat his own property. The production units …

At the present, any evaluation of the activities of Prime Minister Andranik Margaryan is hurried. These days the perception based on emotions is not the only thing that complicates the issue. It is really hard to evaluate the work completed throughout the course of seven years. Those seven years are a bad period for the …

The “VimpelCom” company’s administrative staff (owner of “ArmenTel”) and the owners of companies in the CIS countries meet two times a year to discuss their activities. This time Tsakhkadzor was chosen as the place to meet. According to vice-executive director of “VimpelCom” Sergey Avdeyev, the meeting is aimed at getting an understanding of what is …