Business & Economy

– When was your company established and what does the word “Dili” mean? – The name is connected with Dilijan, which is the symbol of the company. We have established an agro-industrial complex, which must be occupied with breeding cows and goats and production of milk and dairy products. We have started the project from …

The “exam session” of the Armenian government began on Monday. Ministers and heads of state-run corps are taking exams with the Armenian Prime Minister regarding the activities of the past year. Last year, the ministers and other officials answered to journalists’ questions after the “exam”. That tradition won’t continue this year. As the government’s press …

Receiving cell-phone messages in Russian has become quite common in Armenia. The recent message was sent by Euroset, one of the largest chains of retail stores in Russia. The company sells mobile phones and mobile services and already has branches in 11 countries (Ukraine, Belarus, Moldova, Estonia, Lithuania, Kazakhstan, etc.) and is the first Russian …

In its yesterday’s extraordinary session the RA Public Service Regulating Commission made a decision to allow Armentel exploit those radio frequencies until March 3, 2013, through which the company provides fixed and mobile service. In the words of the chairman of the commission, Robert Nazaryan, the licenses given to Armentel are going to be expired …

It turns out that there is a formula how people can become minister in Armenia, which is called “the formula of two words”. The mentioned two letters in Russian mean the following: “guess and win”. Yesterday about this said RA former prime minister Kh. Harutyunyan. He also clarified what they have to guess and how …

“The Wall Street Journal” and the Washington-based Heritage Foundation rated the Armenian economy 32nd freest in the world in their 2007 Index of Economic Freedom covering 157 nations. They again praised the country’s liberal trade regime, low taxes and uncomplicated business registration procedures. “Armenia is ranked 19th freest among the 41 countries in the European …

Last Monday, it was announced that during the geological/investigative superintendence of the state ecology department of the Ministry of Environmental Protection of Armenia, it was discovered that the “Ararat Gold Extraction Company” (AGEC) had hidden 1.056 kilograms of gold, 3 tons of silver and 1.44 tons of telur in the Sodk and Meghradzor mining fields. …

The RA environmental preservation ministry revision department has found 45 cases of violations of environmental management provisions in the field of mining. Due to this revision the ministry has found 29,2 cm metallic mining, 206,4 cm mineral water, 1076,75 kilos of gold, 3 tones of silver that were not registered. 1,056 tones of gold and …

Last year most of the domestic producers and exporters were concerned of the appreciation of the national currency and complained that they were losing their compatibility in foreign markets. Now the domestic producers have financial problems too. Nevertheless, the Central Bank is optimistic. The CB predicts that export tends to growing in 2007 “due to …

The Central Bank of Armenia is issuing silver coins that have pictures of the Caucasian forest cat and the Mediterranean turtle. The mentioned coins with 100 AMD nominal value are issued in the framework of “World of Caucasian animals” international program. The mentioned program covers the animals that are included in the Armenian Red Book.