Business & Economy

Several days ago businesswoman Silva Hambardzumyan made scandalous announcements concerning the minister of energy and natural resources Armen Movsisyan, prime-minister Tigran Sargsyan, Syunik region governor Surik Khachatryan (Liska), Serob Ter-Poghosyan who is accused in child molestation and his wife. Minister Movsisyan has invalidated the license of the company that belongs to the mentioned businesswoman (Sipan …

Several days ago businesswoman Silva Hambardzumyan made announcements during a meeting with journalists, which concerned the governor of Syunik region Surik Khachatryan. According to the businesswoman, the governor has stolen facilities worth of 102 million from her Sipan 1 company. “As many facilities were missing from the Sipan 1 company, in 2009 we applied to …

The expression “political will” is one of the most tortured expressions of the modern history of Armenia especially during the past 10 years. The political will and mostly its absence is the main cause of the problems of Armenia. The government, opposition, international structures speak about that. Some openly and others indirectly highlight the importance …

The state incomes committee has published the list of the largest 1000 taxpayers for the period of January-September. Zangezur copper-molybdenum company, which had lost its positions, is in the first place again. Compared to the same period of the previous year this company has paid by 2.5 more tax (22.5 billion drams instead of 8.8 …

A banker’s 8-years old son asks, “Daddy, I understand that your job is taking money, and giving money back, but I don’t understand what your benefit is.” The father takes a piece of fat out of the fridge, shows to his son, and puts it back and asks, “Did you understand it now?” The son …

The first economic conference of the Republican Party of Armenia (RPA), which took place in October and was broadcast live on ArmNews TV, reminded people about the Soviet times. For example, a media outlet compared it with a gathering of an agricultural collective farm from the Soviet times. However, the RPA conference differed from the …

The media has published information that the state controller committee of Armenia has started to check-p businesses in Kotayk region. As soon as this information was published, people immediately came to the conclusion that this was against the chairman of Prosperous Armenia party Gagik Tsarukyan. Even more, people say that this is done for the …

It turns out that the government’s message for the budget 2012 is a very honest document, which reflects all vulnerable sides of the economy and the relative risks. The document shows that behind the optimistic announcements the government has reservations connected with possible risks of fall in the economy. In terms of several separate indicators …

Two days ago the “Doing Business 2012” report of the World Bank was released, which related to the environment of doing business. As it’s known the Doing Business is one of the favorite reports of our authorities because unlike for instance the Forbes we normally occupy ranks higher than the average. In the current report …

According to the report of economic analysis center RIA-Analitica, among 29 European countries Armenia occupies the last place with the minimum salary rate. The starting point was chosen the rate, below which salary is prohibited by the law. In Armenia the monthly minimum wage is 86,8 dollars. The next ones after Armenia from the end …