Business & Economy

The American “Global Gold” gold extraction company currently in Armenia has appealed to the International Center for Investment Dispute Settlement adjunct to the World Bank, accusing the Armenian government of creating obstacles for the investments, as well as not providing the licensing. Readers may remember the dispute between “Global Gold” and Vardan Ayvazyan from last …

“The occasion of opening the gas pipeline is a historical change and opens new windows for developing the Iran-Armenia relationship” yesterday said RA president Kocharyan during a press conference following the official presentation of the Iran-Armenia gas pipeline. “Just after getting independence Armenia was faced with many big problems such as war, blockade and energetic …

One of the most important economic developments of the recent period in Armenia is the opening of the Iran-Armenia pipeline, which presentation was organized in participation with the presidents of Armenia and Iran yesterday. 40 km of the Armenian part of the pipeline has already been constructed. Now the pipeline is in being tested and …

The accredited embassies and international organizations of Armenia may make a serious contribution to the activation of bilateral trade/economic relations with Armenia. As deputy Foreign Minister of Armenia Arman Kirakosyan said during a meeting with manufacturers and businessmen on Wednesday, this meeting would benefit the development of bilateral economic relations. At the present, Armenia’s foreign …

Water has always been a particular phenomenon for Armenia, starting with the Great Flood and ending with the vision of maintaining the country by water sales. It seemed as though Armenians had understood that you can’t keep a nation by selling water. However, we did make attempts. True, there were only two families getting profit …

Yesterday the Committee on Regulating Public Services (CRPS) corroborated the 2007-2009 three-year investment program of “ArmRusGazArd”, which anticipates an investment of 68,2 billion AMD. Most part of that investment – 40.3 billion AMD the company is planning to implement in 2007. During yesterday’s CRPS session, the head of the investment department of “ArmRusGazArd”, Abgar Budaghyan …

It’s not a secret that the entrepreneurs are dissatisfied by the Tax Service and the Tax Service is dissatisfied by the entrepreneurs. The first mentioned ones complain about high taxes, corruption, frequent change of laws. And the Tax Service is trying to prove that they are doing everything right as though they inform about the …

In 2007-2009 the “ArmRusGazArd” company is going to invest 68 billion 34 million AMD. According to the report sent to the State Committee of Public Services the company is going to invest 40 billion 340 million AMD in 2007, in 2008 – 20 million 95 million AMD and in 2009 – 7 billion 5 million …

“GasProm” plans to increase its shares owned in “ArmRusGazard” up to 80% by 2009. At the present, “GasProm” holds 57.6% of shares in the company. The increase of the stocks of “ArmRusGazard” is based on the agreement signed on March 31st, 2006 which states the strategic principles for gas/energetic project cooperation in Armenia. The increase …

The World Gold Reporting Center informs basing on the research findings of GFMS analysis company that the price of gold in the world market of gold increased by 23% in 2006 and the demand for it increased by 22%. Last year the demand for gold amounted $65,3 billion, which is a record. The demand demonstrated …