Business & Economy

The National Statistics Service (NSS) has published the report for 2011. The economic activity (growth) rate was 5.9%. The sectors of production and agriculture have grown by 14.1%. Other sectors have grown as well (besides the sector of construction), the export growth is more than the import growth. In a word, these statistical data are …

While the political powers are discussing how to make teams for the elections, how to criticize the other powers, certain processes are happening in the world that may break all their plans. This concerns not only sanctions against Iran but economic processes in the world. The World Bank has published its report entitled Global Economic …

Today the government will discuss and most possibly will approve the initiative on cooperation agreement between the RA government and the International Financial Corporation. For this project the IFC will provide 1.8 million dollars in cash, and the government will spend 181.8k dollars (in the natural form). During January 2009 – September 2011 the IFC …

Prior to the end of the New Year celebrations the Armenian parties have been actively involved in the pre-election campaigns. The press conferences and discussions on various themes have become more frequent. The government is especially active when it comes to economy. The economic picture of the previous year is not fully clear yet. The …

It turned out that the current year which was not quite successful for Armenia, ended with an event that is positively accepted by Armenians. Of course we mean the adoption of the French bill that criminalizes the rejection of the Armenian Genocide. Indeed, it still needs to be adopted by the Senate; indeed, it has …

We should produce products that China does not produce. This idea was said by PM Tigran Sargsyan. Certainly it is difficult to find anything that China does not produce. Accordingly, the mentioned philosophy was forgotten through the time. Till we start to think about producing something that China does not produce, the Chinese will start …

There were no currency transactions in the NASDAQ OEMEX stock market on December 7. The reason is the rapid reduction of demand to US dollar. The demand rate did not exceed 373.5 drams per dollar. In other words, banks did not pay more than 373.5 drams for one dollar. However, the supply rate did not …

The authors of a document presented during the RPA’s economic conference at Tumo center assure that in case of paying due attention to 11 priority sectors of the economy the export capacity would grow up to 3.5 billion dollars in 2015, and in 2020 – to 5.5 billion. It is worth mentioning that currently Armenia’s …

“Now we have a very important document, which is very important for becoming a topic of active discussions,” said economy minister Tigran Davtyan to journalists and added that the mentioned document was a result of experts’ research. According to the minister, the mentioned ‘interesting document’ is dedicated to Armenia’s production and export issues. The document …

During January-October 2011 the budget incomes have grown by 9.8% (61.3 billion drams) compared to the same period of the previous year. Taxes and duties have grown by 9.9% (48.6 billion drams). This information was published by the ministry of finance. Generally 93.1% of the budget inflow was provided by incomes, duties and social payments, …