Business & Economy

The Armenian Central Bank foresees that if the interest rates are not changed based on market expectations, inflation will grow by 3.3% by the end of 2007 compared to 2006, and it will grow by 5.6% compared to 2005. However, the median annual inflation mark will not exceed 3% in 2006. The CB discussed separate …

According to the Russian customs services department, “Compared to the beginning of 2005, trade circulation between Armenia and Russia has grown by 66% and reached $200.1 million, meanwhile, export makes up $162.9 million (double growth) and import makes up $37.3 million”.” This was the information provided by “Arminfo” agency. We have to disappoint our readers …

There were new developments in the economy of Armenia this week, which mainly seem like new discoveries. One of the discovered facts is gas theft. The society is concerned about that a lot. The society is always interested in such things and is following up on the current events just like watching soap operas. For …

It turns out that there are certain “recipes” and “medicines” to cure the “illness” of Armenian economy, however there are factors preventing the “treatment”. Recently Grigor Badalyan, a specialist of “Akos” research center, came up with recommendations and explanations about the mentioned process in the web page of “Regnum”. The article is long, thus we …

This is what economist Edward Aghadjanov said concerning the policy aimed towards fighting against inflation implemented by the current authorities. The latter says that the mentioned policy affects the economy. Edward Aghadjanov once again discussed the issue and results of currency exchange rate changes in “Pastark” club. The economist petitioned the journalists not to believe …

“It’s a catastrophe,” said the representative from the “North South Trans” cargo loading company about the critical situation of Armenia’s transportation routes as a result of the Russian-Georgian tense relations. “A day isn’t enough to list all the hardships we face.” Russian-Georgian relations have been rocky for the past two weeks now after Russia cut …

These days the financial market has not been stabile again. The national currency that had been growing in the price stopped its growth and its price went down a little. The press covered information about some cloudy processes in the field of currency exchange market. Again, they started speaking the name of the Central Bank. …

Several days ago, Armenian society learned about an interesting thing. Currency exchange points were suggesting 370 AMD for one USD on Monday, however, the price went down to 360 AMD during the day and then started growing again. Yesterday they were suggesting 375-376 AMD for one USD already. Generally, it is almost impossible to explain …

On October 2, Russia cut off all air, marine and even postal communication with Georgia. Things weren’t going too well back in July when the Russians closed the Kazbek-Higher Lars passing point and came up with the excuse that they were renovating. At the time, Georgian officials declared hat Russia had closed the border as …

A French bank, “Credit Agricole” has bought 28% of “ACBA” bank stocks and the bank will be named as “ACBA Credit Agricole” in the future. According to the general director of the bank, Stepan Gishyan, the French company paid 2,8 billion dram to purchase the stocks of ACBA bank. Due to the investments done by …