Business & Economy

International well-known magazines periodically publicize the list of the richest people in the world. Those publications don’t mean much for average Armenian citizens. We maximum look for last names ending in “yan” and the government applies its flexibility to make the billions only millions. The emotions are totally different when the names of Armenia’s rich …

Yesterday the permanent representative of the International Monetary Foundation (IMF), Ninke Omes told journalists about the opinion of the executive directors of the mentioned institution spoken on November 22. The mentioned document appreciates the economical growth, inflation limits, the fiscal and monetary policy implemented by the existing government and the reformation in the system of …

On November 22 the International Monetary Fund (IMF) Executive Board issued an opinion (mainly positive and encouraging) about the economic development of Armenia. Yesterday by presenting this document in Armenia IMF permanent representative Mrs. Ninke Omes mentioned that within the past 20 days she was deciding to approve or not to approve this document. After …

The head of the state loan bureau of the RA Ministry of Economy and Finances, Arshaluis Margaryan doesn’t think that the coming Parliamentary elections will essentially affect the demand level of state obligations to be released in January next year. “So far the market of state obligations hasn’t had serious turbulence because of the inner …

According to “Mediamax”, the World Monetary Foundation (WMF) has advised the Armenian government not to revise the maximum line of inflation growth mark very often. This information was published after their meeting with the Armenian government, where WMF board of directors appreciated the policy of the Central Bank targeted to resisting inflation and added that …

Bagratyan has also mentioned that everything is getting better in Armenia, however there is no competitive grounds for that and the society adapts to this whole process. Today’s’ challenges create necessity to develop. If the society doesn’t develop it gets demoralized. “It’s necessary to overcome the current plight,” says Bagratyan. “We claim we want to …

On November 28, administrator of “Zvartnots” airport, Samvel Hakobyan made an announcement, according to which registrar of the airport Manucharyan made a criminal deal with his employees over the course of the current year has been stealing from the archives of the airport the paid receipts of citizens for flight tax. Later they started to …

The printing paper deficit in Armenia may take longer. Director of “Armenian Railways” Ararat Khrimyan says that the paper freighted and accumulated along with the other cargo at the Ukrainian Ilyicheyevisk harbor were supposed to be on the ferry-boat on Tuesday or Wednesday. On Wednesday, at around 7:00 p.m., Mr. Khrimyan told us that at …

The “Competitive Armenia in the Private Sector” program funded by the USAID is aimed towards showing the path that Armenia has to take in order to develop along with other developed countries. The program correspondents say that the only solution is to provide stable economic development, which will be possible by encouraging competitiveness. The program …

“ArmenTel” is the biggest transaction that “VimpelCom” has made outside of Russia. “VimpelCom” provides cellular phone services not only to Russia, but also Kazakhstan. The company has recently acquired operators in Ukraine, Tajikistan, Uzbekistan, Georgia and Armenia. “VimpelCom” realizes that by purchasing “ArmenTel” it has taken hold of a large company, which is a very …