Business & Economy

On April 25 two non-governmental organizations protecting the rights of Armenian consumers organized a press conference dedicated to food security. We would not write about this if one of the participants didn’t say that buying Turkish goods harms the dignity of Armenians… The reporters, Abgar Eghoyan and Armen Poghosyan, slowly changed the subject from the …

Yesterday the Ukrainian “Ukrprombank” officially announced that they had bought 35% of the Armenian “Arminvest” bank stocks. This announcement states that the Ukrainian bank bought the share of the mentioned Armenian bank with its own financial resources. They didn’t give any information concerning the paid sum for the mentioned share and any other activities of …

The anti-corruption in Armenia council held a session yesterday headed by head of the council and prime minister of Armenia Andranik Markaryan. Head of the anti-corruption strategy implementation monitoring committee and adviser to the president of Armenia on corruption issues Bagrat Yesayan said that the 20 guarantees given to Armenia by GRECO have been distributed …

We hadn’t heard something like this throughout the 15-year history of the third republic of Armenia. An election is going on, and nobody wants to take on the responsibility of counting the number of votes. We saw that happen though just yesterday. Armenian NGOs were the heroes of the day. Yes, the NGOs. But of …

Armenians smoke about 5 million packs of cigarettes per year. Though the RA law on advertisements of cigarettes as of March 1, 2006, sets many limitations, the number of smokers continues to increase in Armenia. As for cigarette sales, they are not that high in quality.

Recently the mass media published many articles on the cease of imports of mineral waters from Georgia to Russia, just like the import of wine products. Russia may set an embargo on Georgian mineral water import, which according to the prime minister of Georgia “is a political sanction”. The well-known Georgian “Borjomi” water has a …

The law against smoking is not applied Based on the law, cigarette packs and billboards read that smoking is dangerous to the health. The fight against smoking is going on all over the world-there are special programs, discussions, demonstrations, laws are passed…Basically, there is a huge fuss. But that doesn’t really have an effect. Cigarette …

The National Assembly constant committee on science, education, culture and youth affairs and the committee on ecology held parliamentary hearings yesterday to discuss the new drug bill of the NA. What’s today’s drug market like in Armenia? What are the issues and how can the new law solve them? According to director of the experimental …

Recently the head of the Sevan sugar factory, Armen Arakelyan announced that their factory produced 650 tons of sugar in 2004, and 350-400 tons – in 2005. According to Mr. Arakelyan this year so far the factory produces about 700-750 tons of sugar per month and they will produce about 8000 tons of sugar this …

It’s getting harder to purchase a home in Yerevan day by day. We all know that it depends on two key problems: first of all, prices for real estate in the city have briskly gone up during the past couple of years and secondly, even if real estate prices were not to go up, the …