Business & Economy

The New Year’s holidays were more than homely this time. The blistering cold made many people to spend the night at homes. Neither the events organized by the City Council or other entertainment outside shows still didn’t make people leave home and go out to enjoy. The cold has also made people ignore the mutual …

New Year holidays year by year make one interesting reality more visible. The 1700-year Christian Armenian nation is more interested in what animal year the coming is than the Christmas importance. The wishes have also become peculiar. They say that this year is a pig’s or boar’s year. During the few days after December 31 …

New Years’ 2007 differed from the rest of the New Years of Armenia’s independence in that the prices for services of the natural monopoly sector did not go up, rather they went down. During the past couple of years, Armenians had gotten used to start the New Year off by paying high prices for services. …

The Central Bank of Armenia has been issuing golden commemorative coins starting from December 25 in honor of the victory of the Armenian men’s chess team during the 37th World Chess Olympiad. Golden commemorative coins have also been issued in honor of the 125th anniversary of Hakob Gyurjyan, the 100th anniversary of Garzu and the …

“The more non-partisan and diligent the tax inspector is the better it will be for his work, thinks the deputy head of the State Tax Bureau. This is my personal opinion,” Armen Alaverdyan. Let’s remember that about a month ago the NA made changes in the Tax and Customs codes, according to which it’s not …

Construction business that is one of the most progressive businesses in Armenia is going to be taxed starting from 2007. Furthermore, the budget of 2007 includes a specific package on how construction field should be taxed. There are separate construction fields that are taxed, but generally the construction works are not taxed. Most of the …

“There are several reasons why OTE sold its share in Armentel”, says the former authorized representative of the government to Armentel, Serj Sargsyan, “Firstly, they sold the company after they had received super-profits, due to which they didn’t make expenses to improve the institutional capacity of that company. According to my information, the OTE also …

– Mr. Sargsyan, in your opinion why did OTE sell Armentel? Wasn’t it receiving a lot of income from the company? Why would it sell a profitable business? – I was always thinking that OTE wouldn’t ever sell Armentel because there is foreign policy. First of all Armenian-Greek relations are quite friendly. There was another …

Yesterday an unprecedented thing happened in Armenia; the state commission on regulating public services limited the right of “Armentel” company on Internet monopoly. Yesterday the mentioned commission decided to amend License 60 given to “Armentel” company, thus raising the limit of other companies and the solely right of “Armentel” for international Internet connection. According to …

According to “Arminfo”, RA energy minister Armen Movsisyan has said that the second part of Iran-Armenia gas pipeline (Kajaran-Yerevan) will be operated by the end of the first part of 2008. The minister said that those works will be coordinated mainly with the help of ARG. The mentioned company has already dig a hole line …