Business & Economy

The most important, outstanding economic issue in this period in Armenia is the state budget. The government has presented its draft budget for 2007 to the parliament within the terms provided by the law. As for the parliament, it has taken it under consideration and is going to approve. Before, the government used to make …

It happened at the end of last year. The time periods are really very interesting. At first, the government refuted those rumors, however, later the price was increased the price for 1.000 cm gas from $54 to $110. They were refusing the rumors about giving energetic businesses to the Russians as well; however, they gave …

The fact that the Russian Vimpel Com would become the owner of the 90% stocks of Armentel was quite unexpected because it was not considered one of the favorites of the sales auction. At some point all Armenian government representatives were sure that even if Russia becomes the owner of Armentel it would be MTC. …

“The growth of economy of such countries as Armenia, Georgia and Ukraine is provided at the expense of monetary transfers,” reads the report of the European Bank of Reconstruction and Development. According to the Liberty radio station, the deputy-director of “Finexpertiza” company, Aghvan Michaelyan said that Armenia and Ukraine receive 12 billion USD due to …

The Armenian authorities are getting ready to sell the Armenian railway to the Russians among other things. There is no longer any doubt that the Russians are going to be the future owners of the railway, whether they are buyers, guarantee, etc. Let’s recall that the Minister of Transportation and Communication of Armenia Andranik Manukyan …

The Commission on Public Service Control  of RA still has to hear the appeal of the “Arm Rus Gazard” on raising the gas price for the Armenian producers. If the necessary decision is made, the income received from it will be aimed towards quickening the gasification process. This information was given by RA Prime-Minister, Andranik …

On November 7 the president of the Armenian Jewelers’ International Union, director of the board of “DCA” diamond producing company, Gagik Abrahamyan complained about the AMD revaluation. According to him the revaluation of Armenia’s currency only makes Armenia proud. Abrahamyan mentioned that the rapid revaluation of AMD negatively affects the activity of local producers and …

The Armenian and Russian presses have provided coverage about the Russian “Vimpel Com” company’s (B Line) large investment in Armenia, according to which the mentioned Russian company bought 90% of share of the “Armentel” company. As stated in the previous elections of “168 Hours”, the Russian “Expert Online” and “IKS-Consulting” news agencies have covered information …

The commission informs that “Salex Group” company has dominating positions in the field of sugar import, which covers 91,4% of the sale in the domestic market of sugar. During the previous year the sugar importing company of NA deputy Samvel Alexanyan, “Flit Food” company was considered to be the dominating company in that field and …

Within the last two or three months the media periodically discusses the issue of the Armenian “Zvartnots” airport. Two weeks ago the residents of Tairov and Parakar villages dared to close the road and complained about the construction taking place on the road. The road has been periodically transformed since the 90s. For a few …