Business & Economy

The society is always passive concerning educational issues. Only specialists of the relevant fields are following the discussions in the parliament and ministry of education. For the purpose of improving our educational system the ministry of education has adopted a 12-year school system this year. Elementary schools have always been under reformation programs during these …

On September 23, HSBC bank celebrated its 10th anniversary. The bank organized interview on September 23 and besides speaking about the achievements of the bank they spoke about the economic situation of Armenia as well. One of the participants spoke a very interesting idea, “You have a very effective Central Bank and the rapid economical …

Manuk Hergnyan is president of the “Economy and Values” research center and is responsible for preparing Armenia’s report for this year’s “World Competition Report-2006-2007” prepared by the “World Economy Forum” (WEF). According to Hergnyan, Armenia places 82nd in the list of 125 competitive countries and has moved down one spot compared to last year. Despite …

It’s still unclear as to what the reason was for the explosion of the water pipes of the “Nairit” factory. It has already been a week since the explosion, however the corresponding bodies still haven’t given any explanation. Director of “Nairit” factory Karen Israelyan told us that only after the conclusion of the committee will …

On September 23, people called the fire fighting services and informed that in the evening (19:07) there was an explosion not far from the cemeteries of Noragavit community along the freeway of Artashat. The incident happened in the water outflow tubes of “Nairit 1” and “Nairit 2” factories. One citizen suffered and got body injuries. …

On Tuesday, the last Russian military column left Georgia from its 62 military basement in Tsalka. The mentioned column was the 12th column and had 3 tanks, 11 zenith bombers and 300 tons of weapons. Generally, in 2006 Russia took 727 military technical units and 6 tons of weapons out of Georgia. A part of …

While talking about the “Armenia-Diaspora” congress results, MP Khachatur Sukiasyan said that deputy head of the Armenian Customs Services, who has a number of businesses, is creating obstacles in the investment field of Armenia. He meant deputy head Gagik Khachatryan.

On September 19, the president of “Gazprom” CJSC, Alexey Miller, and the head of “RAO EES” company, Anatoly Chubais had a meeting in the central office of “Gazprom”. Concerning the mentioned meeting Russian “Vedomosti” newspaper writes, “Chubais has one more problem now. In addition to cold winters and increase of energy usage now the electric …

According to “Regnum”, the stocks of “Haypost” company will be given for authorized management to a company from Holland, “ING”. It is expected that the mentioned company will make big investments in “Haypost”. For your information, the management of “Haypost” company was given to “Converse Invest” company in 2005 for five years. “Haypost” has 900 …

The most important development in the economic life of Armenia in this month definitely was the Armenia-Diaspora congress. Generally, all the things that are organized with participation of Diaspora Armenians have economic reasons in the basement. This monotone line has become boring both for us and the Diaspora Armenians. Compared to the previous congresses, this …