Business & Economy

The person who said these words is not a journalist who can be criticized for expressing non-professional opinions, but rather well-known economist and Nobel Peace Prize winner Morris Allen. He said this about the currency market of developing countries that have large amounts of dollars in circulation. We will write more about Morris Allen, but …

The “Ararat Gold Extraction Company” (AGEC), a joint-company for extracting the mines in Sodk, was founded in 1998. The Indian “Sterlite Gold Limited” company owned 50% of shareholdings, and the Armenian government with its “ArmenianGold” state-owned company owned the other 50%. The joint-company had its 22 million dollar regulatory capital-each side equally invested 11 million …

On Saturday, June 10, the executive director and head of the board of directors of Armeconombank, Ashot Osipyan resigned from his position. We asked the bank about this and they confirmed the information. David Sukiasyan who, according to the bank’s official information isn’t a relative of the Sukiasyan family (they also have a shareholding in …

During the annual share holders’ meeting of ArmEconomBank, executive director Ashot Osipyan, announced that in 2005, the bank actives were increased by 1.6%. There are 1,500 bank shareholders and thenominal price for the bank stocks is 2.500 AMD, while the real price is 6.500 AMD. In 2005, the annual interest rates of the bank dividends …

On June 9, the NA financial loan, budget and economic issues constant committee discussed the bill proposed by the government, according to which the taxes to be applied on mineral medicinal water are to be reduced to 500.000 AMD from 5 million. “What do you want us to do? Do you want us to make …

I am even afraid to write about the USD exchange rate. When I see the exchange rate changes when going to work in the morning, I write about it as soon as I get to my office, but later when going home I see that the rates have gone down again. And thus the digits …

With this bill, the government recommends registering the incomes of citizens having more income than 500.000 AMD per month as of January 1, 2007. NA deputies don’t like this idea at all. However, they can’t find any answers to questions about the flaws of this bill. Concerning this, deputy head of the RA taxation services, …

On June 9, the National Assembly financial loan, budget and economic issues constant committee discussed the “bill for reforms in Armenia’s State Tax law” and Minister of Ecology Vartan Ayvazyan was the official governmental representative present during the discussion. Although the committee approved the bill, some MPs were complaining about this or that. According to …

Citizens of Armenia say that not only is there a difference in the taste of the sausage produced in the Soviet era, but also vegetables. When the first harvesting of crops begins and the first cucumbers, tomatoes and strawberries come to the market, people start to complain about the quality. Housewives, especially old women, keep …

Armenians can see that the government has managed to fight against corruption. In spite of the fact that no one has been punished yet, the government is still taking steps for that purpose. It has even managed to use its right of proposing legal recommendations. A week ago, the government presented a bill to the …