Business & Economy

Saturday and Sunday are anticipated for rest. The best thing to do is go out of city, restaurant or café and a theater. Or the worst option would be to stay home and watch TV. Although it’s hard to exactly persist that watching TV is an option of rest. The commercials that accurately or inaccurately …

According to our sources, the Armenian government is getting ready to sell the “Yerevan Jewelry Factory”. Rumor has it that Minister of Trade and Economic Development Karen Tchshmarityan and National Assembly deputy Samvel Alexanyan recently pay frequent visits to the factory. Both factories-the “Yerevan Jewelry Factory 1” and the “Yerevan Jewelry Factory” are shareholding companies …

“People usually don’t like paying taxes, especially when there is a feeling that they can find ways pay taxes” says deputy chief of the RA taxation department, Robert Kocharyan, answering to a question whether the budget of this year meets the requirements of the pre-election year or not. Mr. Kocharyan also said that the budget …

Minister of Trade and Economic Development of Armenia Karen Tchshmarityan and head of the “Microsoft” company Bill Gates signed a contract on cooperation between the Government of Armenia and “Microsoft” a couple of days ago in Edinburgh, Scotland. It is foreseen to create a “Microsoft” innovative technology center in Armenia.

The list of the biggest 300 taxpayers of Armenia does not show that the hotel and lodging business is developing in Armenia. There are only two hotels included in this list. Notwithstanding, the official information reads that tourism and lodging businesses are developing by 18-20% every year. Furthermore, as well as new hotels are being …

The list of 300 greatest tax payers of Armenia, released by the State Tax Bureau of RA originates numerous thought and assumptions about our country particularly because of the fact that the list in parallel with taxes shows the amount of customs payments as well as direct and indirect taxes. When reading this list have …

On behalf of the US Government the Millennium Challenges Corporation gave Armenia the first part of the second portion of the financial grant, which amounts to 1 million 456.112 USD. The second part, which amounts to 270.800 USD, will be given next month. The MCC money is set on Armenia’s account on monthly basis.

The Press Secretary of the “Gazpromneft” company, Natalia Vialkina, in her phone conversation with the Radio “Liberty” confirmed the circulated rumors about the intentions of their company to build a huge oil-producing plant in Armenia. Vialkina didn’t mention when concrete decisions will be made. She didn’t answer whose intention it is to build such a …

It seems that most of the biggest taxpayers are foreign companies invested in the Armenian economy. “The copper and molybdenum plant of Zangezur”, “Armentel” and “Armrusgazard” are again the first three biggest taxpayers of Armenia. The first company has German share in it and the other two companies belong to Russian companies (“Vimpel Com” and …

In the evening of January 23 the Parliamentary Assembly of the Council of Europe (PACE) made a statement on the “The hazard of using the energy crisis as a tool to put political pressure.” In this statement the PACE was hopeful that one of the greatest energy suppliers of the world, Russia, would join the …