Business & Economy

– What is the purpose of the association and what has it done since its foundation in 1991? – The purpose of the RBA is to protect the interests of banks and improve the law provisions that are good for developing the banking system. As a rule, these law provisions are proposed by the Central …

On May 29, the International Financing Corporation (IFC), part of the World Bank, signed a contract with ArmEconomBank (AEB) for a one million dollar trade development project, which will be implemented throughout the course of one year. Both sides say that this project will help develop import and export in Armenia and give businessmen the …

These days, one of the main topics that Armenians discuss is the USD exchange rate’s rapid changes. According to pro-rector of the Russian Armenian Slavonic University, former minister of finance Edward Sandoyan, the Central Bank is implementing a good policy because it must keep the rates stabile, which is their main target. As for the …

Everyone proposes scenarios concerning these changes, as for the Central Bank (CB), it’s not saying anything and is simply going along with the chaos. Whose fault is it? What can they do for stopping the rates from changing? With the purpose of getting information concerning these changes and the reasons, “168 Hours” interviewed pro-rector of …

Recently, the National Assembly passed the bill for making reforms in the “law about payments for cigar production”. It is rare to see the National Assembly pass a law, which reduces the taxes and customs taxes on products. With this law in particular, it is expected to reduce the 1,500,000 AMD pay rate for cigar …

Yesterday you could exchange 1 USD for 427 AMD at some exchange points in Yerevan. Generally, the USD exchange mark has been going down going down day by day. Whereas this change affects ordinary citizens, businessmen MPs look at it as a joke. The head of “Yerevan UAZ” company, former member of Rule of Law, …

The RA National Assembly has approved the agreement between the U.S. and Armenian governments within the framework of “Millennium Challenges” program. Let’s recall that the U.S. government has given over $235 million to Armenia.

The state customs committee has given information about the number of illegal imports of mobile phones to Armenia in 2004, 2005 and during the first four months of 2006 to a news agency. But this list is more like showing how much shadow there is in this field. Thus, according to this official information, in …

During the past couple of years, people have started to pay more attention to demography. The reason is probably the 2001 census. The results of this census were published in late 2003. The people didn’t really care about the results due to the fact that they were so late. Besides that, some experts were suspicious …

Based on the data of the National Statistics Service of Armenia (NSS), we Armenians may just believe that we are really living in a land of miracles. The service always shows us numbers and makes us stand in awe just like famous cartoon figures. Currently, there is nothing surprising about the consumer price index (inflation) …