Business & Economy

Years 2005-2006 were quite noisy years for mining industry. The exploiters of the sector were constantly battling with the Ministry of Nature Protection of RA. The Ministry was accusing them of abusing their rights and violating laws. Why is the ministry of environmental protection so tolerant towards all the miners in Armenia and intolerant towards …

The school students of the 4th or 5th grades apply a special trick when doing their math homework. It’s called “number fight”. The thing is that starting from the 4th grade the answers of exercises, tasks and puzzles are written in the last pages of the textbooks. When the student is having a hard time …

Russian journal “Finance” has published a list of the 500 richest people of Russia (wealth estimated in Russian ruble), which includes eight Armenian names. The 48th place is filled by the chair of the “RosGosStrakh” group of companies and its share holder Danil Khachaturov, who controls the “Rus Bank” as well. His wealth is estimated …

The Russian “Forbes” magazine has publicized the list of 30 greatest real estate companies of Russia in February. The 12th place is occupied by Tashir Company, the annual income of which amounted to 67 million USD. The company occupies 19.700 square meter area and 104.100 square meter trade area. According to the Forbes neither the …

The events connected with the “Royal-Armenia” company go to show how the governmental/functionary system punished anyone who refuses to dance to somebody’s tune. Owner of “Royal-Armenia” Tony el Labaki, attorneys Gevorg Minasyan and Ashot Sargsyan and National Assembly Deputy Tatul Manaseryan held a press conference on Monday on the case brought up against directors of …

“Do you remember that several years ago we talked about the “Caucasus” ship that would carry Armenian cargo and then that process was stopped? It seems that the process is finishing already. The “Port Caucasus – Poti” ship is going to be the second one connecting us with Russia, i.e. our dream of many years …

In our previous publications we covered information that after the deal of “Conversebank” a part of the share was given to the Armenian Catholicos, Garegin the Second. Following the mentioned publication the St. Church Chair sent us a statement reading that the 5% does not belong to the Catholicos, but to the Armenian St. Church.

– The producers and especially the experts are alerting that they are approaching the margin, after which it ill be impossible to work. Mr. Ghazaryan, which is the margin of the AMD revaluation, after which our businessmen won’t be able to work?– It doesn’t matter whether the USD is 200 or 1 AMD. Businessmen won’t …

“Advanced Global” LLC, which belongs to Argentine Armenian Eduardo Ernekyan, has bought the controlling share of “Conversebank”. According to banks.am, 48,7% of the share used to belong to “Hudsotrade” LTD (the head is Imad Mtanyus Huri), 15% used to belong to Smbat Nasibyan, and 36,3% – to Modallal Mtanyus. Yesterday “Advanced Global” LLC published a …

At the end of this week RA minister of energy Armen Movsisyan will have a visit to Iran to clarify the exact dates of opening the Iran-Armenia gas pipeline. “We will also clarify whether the pipeline will be opened in March or April” said Mr. Movsisyan to “Azatutyun” radio station. Concerning the Russian part in …