Business & Economy

Two young men armed with guns made their way into the store, took three female workers hostage and then broke the glass displays and stole golden, diamond and silver jewelry worth 55,740 AMD. Legal proceedings were instituted the same day by the Central police division. The police asked the workers to describe the thieves’ physical …

The Russian “Megaphone” company is not going to purchase the controlling share of “Armentel” company. Recently the Greek OTE company, which owes 90% of “Armentel” stocks, announced about the possibility of selling its share. Yesterday the press secretary of “Megaphone”, Marina Bilasheva, said that they were not going to buy these stocks and added that …

“Haypost” stocks will be jointly managed by “La Poste” company from France, ING financial organization from Holland and Armenian “ConverseInvest” company, which currently controls the stocks of “Haypost”. The French company was proposed to take part in this management by “ConverseInvest”, and the ING -by the Central Bank. The European companies have presented a draft …

According to “Mediamax”, the press department of “Armentel” company has not been informed about the intention of OTE Company to sell its 90% share of “Armentel” stocks. Yesterday “AFX Europe” agency published information that after negotiating with the Armenian Government, the OTE announced about their intention to sell their share. They have written in the …

Yesterday the RA prime minister had a meeting with the deputy head of the foreign affairs department of the Euro commission, Fokion Fotaidisi. During this meeting they discussed issues regarding the energetic security of Armenia, closing the nuclear power plant of Metsamor and coming up with new sources of energy. The prime minister said that …

There is no general information concerning the Russian gas price yet. In fact after January, when Russia announced about its intention to sell gas for $110, Armenia had to make a choice: either to act as an independent state, review Armenian-Russian economical cooperation, or to show ourselves as a poor country, which is the closest …

The RA law on income tax of private enterprises and privileges of social payments is in force till May 1. But most of them haven’t applied yet to the taxation bodies to be dissolved. The taxation bodies explain this by saying that usually Armenians leave everything for the last day and as well as there …

“ArmRusgazard” pays $110 to Russia for one cubic meter of natural gas starting from April 1. In several days a new price will be applied on natural gas for Armenian consumers. But it is not clear yet what the price will be and what kind of results it will have. Armenian consumers now will have …

The “Forbes” magazine evaluated owner of “Mika Limited” company Mikhail Baghdasarov’s financial circulation as 200 million dollars. The oligarch assures that that is not the real amount because he gets 108 million dollars from the “Armavia” airlines in one year alone and 87 million dollars from the benzene business. “Many people think that if the …

Yesterday there were so many officials at the Airport that it seemed they were going to meet at least Vladimir Putin or see the president off. But in fact they were there only with the purpose of seeing the new aircraft of Mikhail Baghdasarov. But the most interesting thing there was their behavior: at first …