Business & Economy

“It is amazing, but a negative factor such as migration has become a source for keeping Armenia and helping our economy”, says RA former prime-minister, leader of “Liberty” party, Hrant Bagratyan. The latter thinks that the foreign transfers that Armenia receives from abroad is our wealth and should be used in an optimal manner to …

Several long-distance phone providers in Armenia have made a statement against “ArmenTel”, saying that they can’t work under the given conditions “because “Armentel” has cut off over 500 lines of over 100 companies in just one day without notifying them beforehand. These providers are providing services for cheap prices and as a result of the …

– During the past three years, many people are asking why the price of the Armenian dram is growing, while the USD is falling. Why is the USD going down and is this only going on in Armenia? Do you think the Central Bank is able to solve the problem of inflation while solving the …

“Armentel” keeps coming up with new “surprises”. On September 7, “Armentel”, a monopolist in the field of Armenian telephone communication, ceased its contracts with over 100 Armenian telephone communications companies providing services using the Internet.  According to them, “Armentel” has cut off over 500 lines that provided cheap phone conversation services for making long-distance calls. …

According to our information, Mikhail Baghdasarov is going to sell the 30% share of “VTB Armenia” bank (former Armsavingsbank) that he owns to “SIL concern”, belonging to the family of the Sukiasyans. We asked and they approved the mentioned information. “We are currently in negotiations”, said a representative from SIL concern. Baghdasarov recently said that …

The RA government has come to terms with CNN TV company for advertising Armenia on CNN. RA trade and economical development deputy minister Tigran Davtyan is going to sign a contract with CNN, which will enable the parties to form a contract on broadcasting advertisements on CNN. The statement of the RA government writes that …

Recently, a citizen of Yerevan lost his telephone connection; not because he hadn’t paid the bill, but because he had paid the bill on behalf of another person. Six years ago, that same citizen bought his neighbor’s apartment, but the telephone line was still registered under the name of his neighbor. During several years, the …

Recently, president of “”Mika Limited” company, Mikhail Baghdasariv gave an interview to “Mediamax” mews agency, where he said that he had decided to sell his 30% share of stocks stored at “VTB-Armenia” bank (former “Armsavingsbank”). Baghdasarov said that he had sent a message to the other stock holder of the bank, “Vneshtorgbank”, and informed them …

Russia has suggested opening the border passing point of “Lars” by September 3. According to Russian officials, the purpose of this is to let citizens return to their residencies before September. According to “Itar-Tass”, they have been informed by the ministry of foreign affairs of Georgia that they have accepted the mentioned suggestion. According to …

During the past years, while the prices for real estate started growing rapidly in Armenia, Armenians started to get interested in mortgage credits. Accordingly, the organizations providing such credits cannot stay indifferent. In spite of these factors, there are obstacles in that market which make this tool more risky for organizations and less attractive for …