Business & Economy

This year the tendency of buying apartments in the newly built buildings of Yerevan is unexpectedly going down. Instead of that, the prices of apartments in old buildings are growing. Especially those apartments are growing in the prices that were built in the tenure of Stalin since they are considered stronger than the other ones. …

Recently, there is a new “fashion” trend-trade banks are changing their names. With the decision of the head of the Central Bank of Armenia Tigran Sargsyan, the “ArmAgroExchangeBank” cooperative bank has been renamed “ACBA-CREDIT AGRICUL BANK” joint-stock company.

“When we speak about Armenia abroad, economists ask a question, they ask, “Can you give us the correlation dynamics of the Armenian stock market for the last period or for the previous year?” In such cases we have to confess that there isn’t such a thing in Armenia. To this note they usually reply, “It …

– Our country reports about fall in production, fall in export, but meanwhile double-digit economic growth. It turns out that the mentioned growth does not mean anything. What do you think about that? – It’s time for the government to think seriously; such double-digit economic growth mark does not exist. The main “drivers” of the …

The World Bank has published the “Quality of Management” report, which includes information about 213 countries throughout the years of 1996-2005. The report states that Armenia has progressed by passing laws for developing the private sector of economy and applying those laws. The authors of the report Daniel Kaufman and Art Cray state that the …

Recently, there were rumors flying around that “Conversebank” would soon be sold. The newly appointed executive director of the bank, Artak Hanesyan, informed us that their bank had not been sold, but just like all trade companies, could be sold if there are companies that would offer good money. We asked the former director of …

There weren’t any serious economical developments last week. There was no change in the currercy exchange rates for a while, and then the downfall continued. The National Assembly was concerned about that some MPs even proposed to organize discussions dedicated to that problem and call the president of the Central Bank to the parliament to …

– Mr. Bagratyan, let’s talk about the topic of the currency exchange rate changes, which is definitely the topic most talked about now. Some people explain the situation with market factors only, economic growth, growth of transfer flows from abroad and think that the results of that change are not catastrophic. What do you think …

The year for produce sales is coming to an end in Armenia and the results are rather preoccupying. True, the Ministry of Agriculture is optimistic and is trying to make citizens of Armenia more optimistic, but the numbers differ. It’s clear that the people are going to have problems with produce and the prices in …

The foggy weather of last November and December, which caused problems for departures and arrivals at the “Zvartnots” airport made the Armenian government consider building another airport in Armenia. The government decided to provide funding for reconstructing the “Shirak” airport in Gyumri. True, according to the agreement with the “Zvartnots” administration, “Shirak” is only allowed …