Business & Economy

They discovered this later. The general prosecutor’s office is already researching the transactions and 108 cases have been brought up in court. The prosecutors claim that five people are prison, three people are arrested and seven are under persecution. In fact, one of the prisoners is head of the treasury subdivision of the Davtashen cadastre …

In 2008, one more Iran-Armenia electricity line will be constructed. This information was announced by the general director of “High Voltage Stations” JSC, Sahak Abrahamyan. According to him, they will start their construction in 2006 and will finish within 3 years. Currently they are working on a project, according to which they are going to …

Indian businessmen are worried about the decision of the Indian government to stop selling “Pepsi” and “Coca-Cola” sodas. According to them, this decision may affect the investments in their country. They say that after this decision American investors may stop making investments in the Indian economy. Six regions in India have already stopped selling these …

The information concerning cars was very interesting and there was a contradiction between the provided number of imported new cars in Armenia and that number provided by the taxation services (it wrote that in 2005 Armenia imported 552 cars). The commission assumed that businesses imported cars not by registering at their companies, but by registering …

According to Russian “Comersant” newspaper, the Russian federal department of consumers’ rights protection has ceased the license of the French-Armenian “Perno-Ricar” company that used to import brandy, whiskey and other alcoholic drinks to Russia. According to the same newspaper, “Perno-Ricar” is the only company that had a right to export the brandy produced by the …

Summer has made the social and political life of our country slow down. August is the month for vacation in Armenia. Only two fields of Armenian economy work intensively; agriculture and construction. This is based on the season. Due to the current situation in Armenia’s financial market of Armenia, we may assume that the Central …

According to the information of the CB, wire transfer capacities increased by 37% within 2003-2005 and covered 15% of GDP. This information concerns the banking system only, while we know that often money transfers reach their destinations not via banking services, but by other means. The exact capacities of those transfers are not evident. The …

Recently, Armenia’s internet connection has stopped functioning due to an accident in Georgia. Thus, there wasn’t any internet connection throughout Armenia. According to Armentel, the mentioned cable got out of order on August 4. The Armenian government relies on that cable and wants Armenia to become an IT center in the region.

Recently, economist Edward Aghadjanov said once again that USD inflation is artificial and stipulated by a group of people. “This is an easy way to steal. As for the amount of money, it depends how much money the guys are going to spend on their pre-election campaigns”, said Edward Aghadjanov. As a result of this, …

On August 4, the state rights protection department of the RA general public prosecutor’s office made an announcement concerning the investigated case of illegal privatizations sent to them by the control department of the parliament. Concerning the mentioned violations, the general prosecutor’s office said that they hadn’t found any violations. It seems that they haven’t …