Business & Economy

Recently, the RA Public Services Regulatory Commission made a decision to allow the owner of energy power distribution networks of Armenia, “Midland Resouces” company to sell its 100% stock share to Russian “Interenergo” company, which is a part of the Russian RAO EES company. Last year the RAO EES wrote in its annual report that …

“Airbus” company is planning to produce new aircrafts. In other words, “Airbus” is going to actively compete with American Boeing Co. “Airbus” company has informed that it needs 10 billion USD to produce a new jet. Besides that, the company is planning to produce A330 model cargo planes and production is foreseen to start in …

Russia has closed its border passing point with Georgia for over a week now. Russian vehicles have turned back to drive to Novorossiysk, and the Georgian and Armenian ones to Poti in order to be able to transport their cargo by a ship to their destination points in Armenia and Russia. Currently Russia is creating …

On July 14 there was an accident in the Armenian energetic system, as a result of which the Central community of Yerevan didn’t have electricity that day. According to “ARKA”, the head of RA energy and radiation security board, Ashor Martirosyan has said that as a result of the accident, the nuclear power plant was …

The RA ministry of economy and finances has its annual report on “RA public debt” as of January 1, 2006. Our society is paying close attention to this. However, the political parties are indifferent. The reason for this is the fact that our government is used to borrowing credits. One can see that when looking …

According to the Central Bank of Armenia, the USD exchange rate will continue to go down. According to “Regnum”, the CB predicts that USD will continue falling in price both at the end of this year and during the first part of 2007. During the first three months of 2006 the Armenian national currency went …

Some of them say that by opening the border Armenia will open its third way to the world and find new markets for its products. Others say that after opening the border Turkish products may enter the Armenian market and force local producers out of it. In spite of these contradicting approaches, all of them …

Recently co-chairman of Armenian-Russian inter-governmental commission, Russian transportation minister Igor Levetin said in Yerevan that during the first four months of 2006 the trade circulation between Russia and Armenia covered $130 million, which is twice more than that in the previous year. According to him, that mark covered $293 million in 2005. Levetin also spoke …

According to “ARKA”, on October 1 the Armenian nuclear power plant will stop working for 45 days for reconstruction purposes. The nuclear power plant station is planning to reconstruct the main facilities and check the metallic constructions. General director Gagik Markosyan says that they are going to carry out six important programs with the purpose …

According to press secretary of the RA ministry of Energy, Lusine Harutyunyan, “Gazprom” company hasn’t applied to the Armenian government for purchasing the Iran-Armenia gas pipeline. Currently, the ministry isn’t doing anything about selling the pipeline. Concerning the recent announcement of the vice-president of “Gazprom” company Lusine Harutyunyan said that it might be just an …