Business & Economy

On Friday “Tigran Mets” printing house stated that it would be able to print newspapers only by December 6 because of newsprint shortage. Yesterday the director of the printing house, Vrej Marcosyan said that they would print papers till December 8 in order to print papers on the Day of Earthquake (December 7). The head …

According to our information, starting from December airline companies will make their calculations not basing on USD, but on Euro. “This is not done in our country only, but all the Russian, European and other international companies are going to transform to Euro” said director of “Armavia” company Norayr Belluyan during our phone conversation.  The …

The printing-house prints nearly 30 newspapers, including “168 Hours”, “Aravot”, “Golos Armeni”, “Azg” and others. The printing-house claimed that the reason that there were no imports was that the “Ilyichyevisk-Poti” ferry-boat isn’t working. But freighters say that the boat is working and they are transporting cargo. Nothing, not even poor weather conditions, can take a …

The Armenian print Media have seen how vulnerable our state is and how the other states may relate to us. Newspaper may not be issued starting from December 6 since there is no paper in Armenia. Yesterday “Tigran Mets” printing house that handles most of the printing materials for newspapers informed that their paper materials …

“Vimpel Com is planning to conduct commercial exploitation of the net in Georgia by February 2007,” according to Arminfo, this information was given by the director of the company, Alexander Izosimov. In July 2006 the company has purchased 51% of the shares of “Mobitel” Georgian phone company at 12,6 million USD as well as the …

According to the sources of the “Wall Street Journal”, Armenian American businessman Kirk Krikorian has sold his 10% share of the “General Motors”, the world’s largest car company, for 800 million dollars. Kirkoryan has sold his 28 million stocks to “Bank of America”. “General Motors” is in a pretty tough financial situation-the losses of the …

The “Hayastan” All Armenian Fund continues to receive donations from companies and organizations after the Telethon, including Armenian companies and organizations. The donations made by Armenian organizations has reached the 2 million dollar mark, which is a record both for deposits and participation. Some of the major contributors of Armenia include the Copper Molybdenum Factory …

No one has a doubt that the state budget draft 2007 will be ratified by the Parliament. It will be ratified without tangible changes. This fact may also be named mutual agreement between the Parliament and the Government. Another option is that perhaps the NA doesn’t’t have sufficient professional and intellectual capacity to analyze such …

Russian insurance company “RESO” is going to found a branch company in Armenia together with “Uniastrum” bank in 2007. According to the president of “RESO” insurance company, Sergey Sargisov, 50% of the stocks will belong to their company, and the other 50% will be given to the mentioned bank. The latter says that the reason …

The high-ranking officials of the State Taxation Bodies have also taken notice of this. Some can consider this as the flaw in the work of the Armenian State Taxation Service in the regions, while others are inclined to think that economy is declining in the Shirak region. The Shirak region makes up 9% of Armenia’s …