Business & Economy

Based on the conclusions, two drafts of the statement of the NA Control Department (NACD) had to be sent to the public prosecutor’s office, one of which concerned the audit findings in 2003, and the second one concerned the privatizations done by the government in the period of 2001-2003. The mentioned statement contains information and …

According to the Russian federal air navigation services, on August 14 Russia will stop handling air navigation services to Armenian airline company Armavia in the territory of Russia. The reason is the fact that Armavia has a debt to them covering $800k. The Russian air navigation services stopped working for Armavia first back in February. …

Mr. Aghadjanov repeated the same thing that he had said many times; the USD price increase is artificial and there are no rules and regulations for that. The price of the USD continues to go down.. Domestic production and exports are also going down. As a result of such a tendency, in 2006, Armenia had …

After greeting executive director of the world nutritional aid program James Morris, Prime Minister of Armenia Andranik Markaryan said that Armenia has been receiving $75 million dollars aid from the UN since 1993 within the framework of the world nutritional aid program. Nearly 200,000 needy people have received humanitarian aid thanks to this 13-year project. …

According to “Azatutyuan” radio station, the owner of “Armenia International Airports”, which is the owner of “Zvartnots” airport of Yerevan as well, Eduardo Eurnekyan is going to buy the biggest pharmacy store chain in Uruguay (“San Roce”). Representative of Eduardo Eurnekyan, Aram Chuldjyan has said that the mentioned company had a big share in the …

The Bagratashen fair closed down a couple of days ago. Local citizens went out on a strike and closed the Armenian-Georgian border for several hours. According to “Azatutyun” radio station, spokeswoman of the customs services, Nelly Manucharyan said that the market was closed back in April by Georgia. “Head of the Georgian customs department and …

Representative of the UN Agricultural production department, Emmanuel Haydier recently said: “Nine out of the exported ten bottles of “Georgian wine” are artificial”. The report states that most of the exported Georgian wines that provide huge incomes are fake. Last year, Georgia exported more than $80 million worth of wine. The UN report was published …

The Sukiasyan family’s Gofrotara factory in the city of Masis was sold to the president of “Grand Holding”, Hrant Vardanyan ($900k). The mentioned factory is located close to “Masis Tabak” company that belongs to Hrant Vardanyan. For your information, the factory that was sold produces table tissues and plastic materials. Hrant Vardanyan is interested in …

On July 26, during a press conference, minister of trade and economical development, Karen Chshmarityan said that he couldn’t say any official information regarding the future owner of “Armentel” company. When journalists asked him to give information about the possible owner companies, the minister started “praising” Russian “Sistema” company. “Sistema is a very competent company …

The minister spoke about the growth mark during January-June and noted that the fall in production was due to the crisis in the field of diamond production. Even though diamonds worldwide are the same, the money capacity paid for it has gone down because of the fact that USD is falling in its price, as …