Business & Economy

“Yerevan Water” company, which is the water supply provider and sewage services in Yerevan, has applied to the Public Services Regulatory Commission to revise the prices. The company has recommended increasing the prices to 38,2% (from 125 dram up to 178,2 dram for one cubic meter of water). Last year, on December 14 the RA …

Adviser to the President of Armenia, ARF member and head of the monitoring committee on anti-corruption strategies attaché to the president Bagrat Yesayan and Vice-speaker of the National Assembly and ARF member Vahan Hovhannisyan made their welcoming speeches during the international seminar entitled “GRECO experience and opportunities in the fight against corruption”. Although ARF member …

General Director of “Viva Cell” company Ralph Yourikyan says that “Viva Cell” is still not ready to purchase 90% of “Armentel” company stocks. “We have just occupied our place in the market”, he said, but at the same time he says that it is quite possible in the future.

The Government has made a decision concerning selling state property and fighting against the gas price increase. On the basis of this governmental decision the fifth bloc of the Hrazdan electric station was given to the Russian “Gazprom” company. The payment schedule is the following: $58,8 million in 2006, $70 million in 2007 and $120 …

The price for flour in stores of Vanadzor will most probably not go up (despite the fact that rumors were flying around that the price for bread will go up what with the gas price increase). The flour price will not go up anytime soon because the UN has started its second phase of humanitarian …

On April 6, Prime Minister of Armenia Andranik Markaryan has not only confirmed the contract with “GazProm” to sell the Hrazdan electricity station’s 5th energy block in exchange for the gas price, but has also decided to sell yet other state property. Based on that decision: “The total surface area of the buildings and constructions-6151 …

In the course of 11 months, the price for one ton of cement has gone up from 23,000 AMD to 43,000 AMD (an 87% rise). The “Ararat cement” (Gagik Tsarukyan) and “Mika Cement” (Mikhail Baghdasarov) companies are selling their cement at the same price. Allow me to repeat: 43,000 AMD for one ton of cement. …

Armenian trade financing banks must get the Central Bank’s permission before integrating into foreign financing systems. The Central Bank conducted some studies and found out that there are some uncertainties regarding the documents of Armenian trade banks and the exchange system of “Western Union”. In February, the Central Bank decided to prohibit Armenian banks (14 …

When the presses were talking about how we (“we” is open to interpretation) were going to sell the Hrazdan Electricity 5th block and one part of the Iranian-Armenian gas pipeline to the Russians in exchange for the low gas price, Armenian authorities advised them not to get ahead of themselves. This was just rumor, but …

Based on the information on the web site of Chief Prosecutor’s office, corruption has risen in 2005. Throughout the year, legal proceedings have been instituted for 371 cases tied to corruption. In 2005, the number of corruption cases has risen by 18 compared to the 353 in 2004. In fact, 64 of the accused have …