Business & Economy

The 2007 state budget draft has been discussed at the National Assembly for the past eight days. Almost all the Ministries and State bodies are satisfied that the money given to them has increased. However the state Tax Inspection Bureau differs from them. The bureau doesn’t have too many reasons to be happy about because …

On November 3, the second largest phone company of Russia, “Vimpel Com” (B-Line), bought 90% of stocks, which belonged to “Armentel” CJSC and represented 40% of Armenia’s mobile service and the whole fixed telephone service. The current head of media department of the mentioned company, Yelena Prokhorova, announced that their company is interested in both …

On November 3, the “riddle” was finally solved. The “OTE” company will sell its stocks to the second largest mobile phone operator “Vimpel Com” (B-Line). This transaction was a very interesting coincidence because it overlapped with the Kocharyan-Putin meeting on October 30 in Moscow. Putin thought that it was a “shame” that Russia places third …

When Armenians say meat, first of all they refer to sausage. Today, there are more than 40 large and small sausage-producing factories in Armenia. Of course, most of them are “so-called” factories because they don’t have much production. We can even say that there are too many sausage countries in a small country like Armenia. …

OTE company finally managed to sell its 90% share in the “Armentel” company. The share was sold for $ 341.9 million Euros (as well as with a debt of $40 million) to Russian company “Vimpelcom” (Bi Line operator). Even though this contract still has to be approved by the Armenian government, our officials have one …

“The Central Bank is implementing a policy aimed towards controlling inflation” said the head of the Russian Central Bank, Sergey Ignatev. The latter also said that the growth in the price of the national currency is a normal process in conditions of high macro economic factors and low level of inflation, which makes the growth …

On November 2, the former staff of the “Armenian Airlines” organized a strike near the government building. They have been gathering near the governmental building every Thursday for the past three months and demanding their salaries for six months that had to be paid back in 2003 (186 million dram). According to pilot of “TU-154” …

The Armenian union of producers and businessmen organized a discussion on the topic of currency exchange rate changes. The organizers had invited Tigran Sargsyan (Central Bank president), Vahram Nersisyants (RA president’s adviser), Karen Chshmarityan (RA minister of economy and development) and other economists. As always, Tigran Sargsyan assured the participants that the capacity of foreign …

Perhaps the “168 Hours” newspaper is the only newspaper that talks about the currency exchange rate most frequently. That’s the reason why I’m writing this article. It’s extremely rejoicing to know that the macro-economic policy in general and the credit policy in particular have become topics for active public discussions. It’s too bad that we …

During his interview with the “Arka” news agency, head of the National Democratic Union Vazgen Manoukyan announced that the construction of the Iran-Armenia gas pipeline is not only about financial issues. “The important thing for Armenia is to have as less dependence on Russia by having its own pipeline.” According to Manukyan, if in the …