News from Armenia and Diaspora, information-analytic center, Armenian News portal Noyan Tapan


Armenia will benefit from shift to floating exchange rate
regime, Ashot Shahnazarian says
  • Economy
  • 2009-03-06 18:00:00

YEREVAN, MARCH 6, NOYAN TAPAN. In the opinion of all international experts, the value of a dollar was to be at 360-380 drams in Armenia, and

Commission for Protection of Economic Competition initiates
proceedings in vegetable oil, butter, medicine and domestic
appliance markets
  • Economy
  • 2009-03-06 17:45:00

YEREVAN, MARCH 6, NOYAN TAPAN. At the March 6 sitting, the RA State Commission for Protection of Economic Competition decided to initiate proceedings in 4 markets

Fitch Ratings: Proposed IMF Programme Would Support
Armenia's Ratings
  • Economy
  • 2009-03-06 16:00:00

YEREVAN, MARCH 6, NOYAN TAPAN. Fitch Ratings said on March 5 that a proposed IMF loan facility for USD540m would support the adjustment of Armenia's economy

Arab businessmen show great interest in Armenia as country
for investments
  • Economy
  • 2009-03-05 23:00:00

YEREVAN, MARCH 5, NOYAN TAPAN. The UAE Minister for Foreign Trade Sheikha Lubna Al Qasimi, who is on a visit to Armenia at the invitation of

Armenian prime minister considers it early to make radical
changes in budget
  • Economy
  • 2009-03-05 22:00:00

YEREVAN, MARCH 5, NOYAN TAPAN. It is too early to speak about radical changes in the budget of Armenia, prime minister Tigran Sargsyan said on March

Armenian president attaches importance to deepening
cooperation with Alrosa
  • Economy
  • 2009-03-05 22:00:00

YEREVAN, MARCH 5, NOYAN TAPAN. During the March 4 meeting of Armenian president Serzh Sargsyan and the chairman of Alrosa diamond mining company (Russia) Sergei Vybornov,

March 3 decision of CBA created chaotic situation in
economy, ANC states
  • Economy
  • 2009-03-05 22:00:00

YEREVAN, MARCH 5, NOYAN TAPAN. On March 3 the Central Bank of Armenia (CBA) made a decision, by which it gave up the fixed exchange rate

Instruments used by CBA to combat inflation pressures will
not change, CBA deputy chairman says
  • Economy
  • 2009-03-05 20:00:00

YEREVAN, MARCH 5, NOYAN TAPAN. The forecast of 8% inflation in Armenia under conditions of a floating exchange rate includes the rise of the dollar's exchange

UAE minister for foreign trade arrives on working visit to
Armenia
  • Economy
  • 2009-03-04 23:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. At the invitation of Armenian Minister of Economy Nerses Yeritsian, the Minister for Foreign Trade of the United Arab Emirates Sheikha

Floating exchange rate will promote economic growth in
Armenia, CBA deputy chairman says
  • Economy
  • 2009-03-04 23:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. By returning to a floating exchange rate policy on March 3, the Central Bank of Armenia (CBA), on the whole, paid

Prices of not all living essentials change since return to
floating exchange rate
  • Economy
  • 2009-03-04 23:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. The checks conducted by the RA State Commission for Protection of Economic Competition showed that prices of not all the living

Changes should be made in tax and budgetary policy with aim
of avoiding inflation risks
  • Economy
  • 2009-03-04 21:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. In order to avoid inflation risks in case of a floating exchange rate, changes should be made in the tax and

Armenian prime minister, CBA chairman and minister of
economy should resign, economist Andranik Tevanian says
  • Economy
  • 2009-03-04 21:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. The current economic situation in Armenia is mainly conditioned by the economic policy of Armenian government and the monetary policy of

Alrosa makes proposal to provide large credit line to
Armenia
  • Economy
  • 2009-03-04 20:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. During the March 4 meeting of Armenian prime minister Tigran Sargsyan and chairman of Alrosa diamond mining company (Russia) Sergei Vybornov,

IMF forecasts 1.5% economic decline in Armenia this year
  • Economy
  • 2009-03-04 19:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. After implementing a monitoring in Armenia, the IMF experts said that the global financial and economic crisis has had a negative

IMF to approve Armenia's application for 28-month Stand-By
Arrangement of 540 million USD
  • Economy
  • 2009-03-04 19:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. The Managing Director of the IMF Dominique Strauss-Kahn will recommend that the IMF Executive Board approve Armenia's application for a 28-month

CBA stops its interventions in foreign currency market
  • Economy
  • 2009-03-04 18:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. The Central Bank of Armenia (CBA) stopped its interventions in the foreign currency market and returned to a floating exchange rate

IMF supports CBA's decision to return to floating exchange
rate regime
  • Economy
  • 2009-03-04 17:00:00

YEREVAN, MARCH 4, NOYAN TAPAN. The Central Bank of Armenia (CBA) on March 3 stopped its interventions in the currency market and returned to a floating

World Bank to provide another 35 million dollars to Armenia
  • Economy
  • 2009-03-02 20:00:00

YEREVAN, FEBRUARY 27, NOYAN TAPAN. The World Bank announced that the first assistance by a simplified system will be provided to Armenia and Congo to help

Consumer prices rise by 1% in Armenia in past year
  • Economy
  • 2009-03-02 19:00:00

YEREVAN, MARCH 2, NOYAN TAPAN. The comsumer price index made 101% in Armenia in February 2009 on February 2008, including index of food commodities (including alcoholic

Gas, water and power tariffs to rise in Armenia from April
1st
  • Economy
  • 2009-03-02 19:00:00

YEREVAN, MARCH 2, NOYAN TAPAN. At the February 27 sitting, the RA Public Services Regulatory Commission made a decision to establish the following tariffs of natural

Tatul Manaserian: Armenian government's steps to overcome
global economic crisis are not sufficient
  • Economy
  • 2009-02-26 20:15:00

YEREVAN, FEBRUARY 26, NOYAN TAPAN. Although the Armenian government has taken some steps to overcome the global economic crisis, they are not sufficient, economist Tatul Manaserian expressed

Higher rates of excise tax to be levied on beer and some
other alcoholic drinks imported into Armenia
  • Economy
  • 2009-02-26 20:00:00

YEREVAN, FEBRUARY 26, NOYAN TAPAN. The National Assembly on February 26 passed in second reading and completely the bill on amendments to the Law on Excise

Shevket Shaydullin considers state of Armenian railway as
satisfactory
  • Economy
  • 2009-02-25 21:00:00

YEREVAN, FEBRUARY 25, NOYAN TAPAN. At the present time the state of the Armenian railway is satisfactory, the head of South Caucasus Railways Shevket Shaydullin declared

Armenian and Russian governments give positive solution to
issue of Iran-Armenia railway construction
  • Economy
  • 2009-02-25 21:00:00

YEREVAN, FEBRUARY 25, NOYAN TAPAN. The issue of Iran-Armenia railway construction received a positive solution at the level of the governments of Armenia and Russia, the

High Line Internet Service already available in 18 Armenian
cities
  • Economy
  • 2009-02-25 21:00:00

YEREVAN, FEBRUARY 25, NOYAN TAPAN. ArmenTel company ("Beeline" brand) has extended the list of cities where its "High Line" high-speed Internet service is available. In addition to

World Bank official forecasts zero growth of Armenian GDP
this year
  • Economy
  • 2009-02-25 20:00:00

YEREVAN, FEBRUARY 25, NOYAN TAPAN. Armenia may have a zero GDP growth rate this year. Expressing this opinion at the February 25 meeting with reporters, the

Two-day Armenian-German intergovermental consultations
start in Yerevan
  • Economy
  • 2009-02-25 20:00:00

YEREVAN, FEBRUARY 25, NOYAN TAPAN. Two-day Armenian-German intergovernmental consultations started in Yerevan on February 25. The participants will discuss the current and future programs.

Armenian hand-made carpets sold by direct makers to be
exempt from VAT and profit tax
  • Economy
  • 2009-02-25 18:00:00

YEREVAN, FEBRUARY 25, NOYAN TAPAN. The National Assembly on February 25 passed in first reading the legislative package of amendments to the RA Law on Profit

If anticrisis programs continue at same rate, Armenia to
have stronger economy after getting out of crisis
  • Economy
  • 2009-02-24 21:00:00

YEREVAN, FEBRUARY 24, NOYAN TAPAN. The anticrisis programs being implemented by Armenian government and the latest legislative initiatives are bold, revolutionary and optimistic, the chairman of the

More lively activity expected in housing market of Armenia
in coming months
  • Economy
  • 2009-02-24 20:00:00

YEREVAN, FEBRUARY 24, NOYAN TAPAN. There is a "relative peace" in Armenia's housing market after the March 1 events, and as a result of the global

Thanks to Armenian government's programs, domestic
producers to overcome crisis with minimal losses
  • Economy
  • 2009-02-24 19:10:00

YEREVAN, FEBRUARY 24, NOYAN TAPAN. The anticrisis measures taken by the Armenian government will allow domestic producers to overcome the global financial crisis with minimal losses.

Tender for construction of new nuclear power unit in
Armenia announced
  • Economy
  • 2009-02-24 19:02:00

YEREVAN, FEBRUARY 24, NOYAN TAPAN. The winner of the open one-stage tender announced by the State Procurement Agency of Armenia will be offered to sign an

It is envisaged reducing high rates of excise tax to be
levied on imported alcoholic drinks starting from March 1
  • Economy
  • 2009-02-24 19:00:00

YEREVAN, FEBRUARY 24, NOYAN TAPAN. The National Assembly of Armenia on February 24 passed in first reading the bill on amendments to the RA Law on

European community to provide 7.2 million euro grant for
Armenia's nuclear safety
  • Economy
  • 2009-02-24 19:00:00

YEREVAN, FEBRUARY 24, NOYAN TAPAN. The National Assembly of Armenia on February 24 ratified three international agreements discussed the day before: -

It is proposed deferring term of VAT collection for up to 3
years in case of some goods' import
  • Economy
  • 2009-02-23 23:40:00

YEREVAN, FEBRUARY 23, NOYAN TAPAN. The National Assembly on February 23 discussed in first reading the government-submitted draft law envisaging amendments and additions to the RA

Armenia should cooperate more actively with those markets,
with which it had traditional links
  • Economy
  • 2009-02-23 20:00:00

TSAKHKADZOR, FEBRUARY 23, NOYAN TAPAN. "The time for regional cooperation has come, and it is necessary to cooperate more actively with those markets, with which Armenia

There will be some decline in economic growth of Armenia
this year, Nerses Yeritsian says
  • Economy
  • 2009-02-23 19:00:00

TSAKHKADZOR, FEBRUARY 23, NOYAN TAPAN. There will be some decline in Armenia's economic growth this year which will have its impact on the employment and revenues,

According to prime minister, new ideas necessary to
regulate economy
  • Economy
  • 2009-02-23 19:00:00

TSAKHKADZOR, FEBRUARY 23, NOYAN TAPAN. "Kamurj 2009" ("Bridge 2009") international economic forum took place in Tsakhkadzor on February 21-23. The 6th forum was entitled "The Prospects of

Armenia's population made 3 million 238.4 thousand in 2008,
exceeding 2007 index by 8.3 thousand
  • Economy
  • 2009-02-20 20:00:00

YEREVAN, FEBRUARY 20, NOYAN TAPAN. Armenia's population made 3 million 238.4 thousand in 2008, growing by 8.3 thousand as compared with early 2008, the Head of

Armenia extends its opportunities of linking to
international communication lines
  • Economy
  • 2009-02-20 18:00:00

YEREVAN, FEBRUARY 20, NOYAN TAPAN. ArmenTel CJSC is at the stage of signing an agreement on laying a new line linking Armenia to the international fiber-optic

GDP of Armenia declines by 0.7% in January 2009 as compared
with January 2008
  • Economy
  • 2009-02-20 17:00:00

YEREVAN, FEBRUARY 20, NOYAN TAPAN. Armenia's GDP amounted to 132 bln 7.3 mln drams (about 435 mln USD) in January 2009, declining by 0.7% on January

In opinion of minister of economy, preparatory process for
signing Armenia-EU free trade agreement to last 3-5 years
  • Economy
  • 2009-02-19 22:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. On February 19 the EU's fact-finding group that arrived in Yerevan to map out a preparatory process for future possible negotiations

Ardshininvestbank receives international quality management
certificate
  • Economy
  • 2009-02-19 21:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. Ardshininvestbank has received an international ISO 9001:2000 certificate of the quality management system. The certificate was granted by AB Certification independent audit

Credit given to Zangezur Copper and Molybdenum Enterprise
to be used to eliminate damage done to enterprise by global
crisis
  • Economy
  • 2009-02-19 21:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. The 10 million dollar credit provided to Zangezur Copper and Molybdenum Enterprise by Armenian government will be used to eliminate the

Ashot Shahnazarian: Armenia has been striving for free
trade agreement for a long time
  • Economy
  • 2009-02-19 20:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. During the February 19 meeting with the European Commission's fact-finding group, the Chairman of the RA State Commission for Protection of

Assistance of 125 million drams provided to Sorsio
information technology company
  • Economy
  • 2009-02-19 19:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. At the February 19 sitting, the Armenian government made a decision to provide assistance of 125 million drams (403.8 million USD)

State credit of 3.1 billion drams to be given to Zangezur
Copper and Molybdenum Enterprise
  • Economy
  • 2009-02-19 19:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. The Armenian government will provide a state credit of 3.1 billion drams to Zangezur Copper and Molybdenum Enterprise. The prime minister

Purchaser of "Bjni" plant pays full value of lot
  • Economy
  • 2009-02-19 17:00:00

YEREVAN, FEBRUARY 19, NOYAN TAPAN. On February 19 - the third day after the end of the complulsory electronic re-auction of the property and property rights

Armenian government prepared to cooperate closely with
European Commission
  • Economy
  • 2009-02-18 23:00:00

YEREVAN, FEBRUARY 18, NOYAN TAPAN. During the December 18 meeting of Armenian Prime Minister Tigran Sargsyan and the delegation led by Director of the European Commission's Directorate

Signing free trade agreement with EU is important for
Armenia
  • Economy
  • 2009-02-18 22:00:00

YEREVAN, FEBRUARY 18, NOYAN TAPAN. The RA Minister of Economy Nerses Yeritsian on February 18 received the delegation led by Eva Synowiec, Director of the European

Government denies rumor about banks being warned of change
in Armenian dram's exchange rate
  • Economy
  • 2009-02-18 21:00:00

YEREVAN, FEBRUARY 18, NOYAN TAPAN. Both the Armenian government and the Central Bank of Armenia (CBA) on February 18 denied the press rumors that the government

According to prime minister of RA, development of mortgage
market represents first necessary measure in construction sector
  • Economy
  • 2009-02-18 21:00:00

YEREVAN, FEBRUARY 18, NOYAN TAPAN. The Armenian prime minister Tigran Sargsyan conducted a consultation with representatives of private construction companies on February 18. The ministers of urban

Introduction of cash registers is reminiscent of
Bolsheviks-organized dispossession of kulaks, Andranik Tevanian
says
  • Economy
  • 2009-02-18 20:00:00

YEREVAN, FEBRUARY 18, NOYAN TAPAN. Subjecting the small and medium business to a "tax terror" by means of cash registers is reminiscent of the process of

European Commission's experts team comes on a three-day
visit to Armenia
  • Economy
  • 2009-02-17 23:00:00

YEREVAN, FEBRUARY 17, NOYAN TAPAN. A European Commission's team composed of 23 experts and led by Ms Eva Synowiec from the Commission's Directorate General for Trade

Academician Aghanbegian calls on to curb inflation
  • Economy
  • 2009-02-17 22:00:00

YEREVAN, FEBRUARY 17, NOYAN TAPAN. Overcoming the global financial and economic crisis is a difficult and long process, and any factors to promote growth of the

According to Gurgen Sargsyan, Asian Development Bank also
shows interest in Iran-Armenia railway construction project
  • Economy
  • 2009-02-17 18:00:00

YEREVAN, FEBRUARY 17, NOYAN TAPAN. Receiving the Head of the Transport and Communication Unit of the Central Asia and Western Department of the Asian Development Bank

Hrant Vardanian: Grand Holding continues to operate
normally
  • Economy
  • 2009-02-17 17:50:00

YEREVAN, FEBRUARY 17, NOYAN TAPAN. "The forecasts that all economic entities will suffer a decline or be in difficulties because of the global financial and economic

Agreement on control of infrastructure construction signed
within framework of irrigated agriculture subprogram
  • Economy
  • 2009-02-16 23:00:00

YEREVAN, FEBRUARY 16, NOYAN TAPAN. The Millennium Challenge Account (MCA) - Armenia SNCO and the Consortium of Consulting Engineers Salzgitter GmbH, AHT Group AG (Germany) and

Bjni's auction was organized in violation of law, director
of plant claims
  • Economy
  • 2009-02-16 22:00:00

YEREVAN, FEBRUARY 16, NOYAN TAPAN. In connection with the end of the compulsory electronic re-auction of the property and property rights of "Bjni" Mineral Water Plant

Auction of Bjni Plant ends, one bid received
  • Economy
  • 2009-02-16 22:00:00

YEREVAN, FEBRUARY 16, NOYAN TAPAN. The compulsory electronic re-auction of the property and property rights of "Bjni" Mineral Water Plant company finished on February 16, at

Even without global crisis, Armenian economy had serious
problems, Armen Aghayan says
  • Economy
  • 2009-02-16 20:00:00

YEREVAN, FEBRUARY 16, NOYAN TAPAN. Even without the global crisis, Armenian economy had serious problems related to the end of the so-called rehabilitation growth of the

All-Armenian Association of Power Specialists NGO plans to
consolidate potential of Armenian power specialists around world
  • Economy
  • 2009-02-16 20:00:00

YEREVAN, FEBRUARY 16, NOYAN TAPAN. The main purpose of All-Armenian Association of Power Specialists NGO registered in 2009 is to invite those power specialists who work

Armenian prime minister receives head of World Bank Office
in Armenia
  • Economy
  • 2009-02-13 22:00:00

YEREVAN, FEBRUARY 13, NOYAN TAPAN. The Armenian prime minister Tigran Sargsyan on February 13 received the head of the World Bank Office in Armenia Aristomene Varudakis

First report of Armenia's financial ombudsman published
  • Economy
  • 2009-02-13 22:00:00

YEREVAN, FEBRUARY 13, NOYAN TAPAN. The Office of the Financial Ombudsman of the RA has published its first report, according to which the Office received 7

Some companies not to pay VAT for imported technologies and
equipment at border in 2009-2010
  • Economy
  • 2009-02-13 19:00:00

YEREVAN, FEBRUARY 13, NOYAN TAPAN. All the companies to make investments of over 300 million drams (about 1 mln USD) in Armenia will not pay value

Armenian government proposes raising customs duties of
imported consumer goods
  • Economy
  • 2009-02-13 18:00:00

YEREVAN, FEBRUARY 13, NOYAN TAPAN. By the amendments proposed to the RA Customs Code, it is envisaged raising the customs duties of imported goods not considered

Report on 2008 activities of Armenia Renewable Resources
and Energy Efficiency Fund approved
  • Economy
  • 2009-02-11 20:00:00

YEREVAN, FEBRUARY 11, NOYAN TAPAN. During the February 11 sitting of the Board of Trustees of the Armenia Renewable Resources and Energy Efficiency Fund conducted by

Online banking dictionary launched at www.banker.am
  • Economy
  • 2009-02-11 17:00:00

YEREVAN, FEBRUARY 11, NOYAN TAPAN. An online banking dictionary has been launched at the website: www.banker.am where the definitions of 10 thousand banking and economic terms

CBA reduces refinancing rate by 0.25% to 6.75%
  • Economy
  • 2009-02-10 22:00:00

YEREVAN, FEBRUARY 10, NOYAN TAPAN. At the February 10 sitting, the Board of the Central Bank of Armenia (CBA) reduced the refinancing rate by 0.25%, fixing

Gagik Melikian hopeful that authorities to take steps for
making rise in gas price "bearable for the population"
  • Economy
  • 2009-02-10 22:00:00

YEREVAN, FEBRUARY 10, NOYAN TAPAN. By the agreement signed between Gazprom and ArmRusgazprom, starting from April 1, the price of gas imported into Armenia from Russia

Newly-elected CEO of NCFA presents his proposals on
Foundation's strategy
  • Economy
  • 2009-02-10 22:00:00

TSAKHKADZOR, FEBRUARY 10, NOYAN TAPAN. A regular sitting of the Board of Trustees of the National Competitiveness Foundation of Armenia (NCFA) was held in Tsakhkadzor on

In formal sense, there was not any undone work in 2008,
finance minister says
  • Economy
  • 2009-02-10 20:00:00

YEREVAN, FEBRUARY 10, NOYAN TAPAN. The 2008 measures and programs of the RA ministry of finance were mostly formulated in 4 documents on measures of the

17 economic entities have medicine production licences in
Armenia
  • Economy
  • 2009-02-10 18:00:00

YEREVAN, FEBRUARY 10, NOYAN TAPAN. The RA State Commission for Protection of Economic Competition has studied the structure of the markets in the turnover of medicines.

There will be no social outburst in Armenia as a result of
global economic crisis, Gagik Melikian predicts
  • Economy
  • 2009-02-10 17:00:00

YEREVAN, FEBRUARY 10, NOYAN TAPAN. There will be no social outburst in Armenia as a result of the global economic crisis, the member of the parliamentary

Armenian authorities do not take any steps to encourage
domestic producers, former chairman of CBA says
  • Economy
  • 2009-02-10 17:00:00

YEREVAN, FEBRUARY 10, NOYAN TAPAN. The Armenian authorities do not take any steps to encourage domestic producers: out of the 122 issues on the agenda of

Regular sitting of Armenian-Belarusian Commission on
Economic Cooperation to be held in Minsk on March 2-4
  • Economy
  • 2009-02-09 15:26:00

YEREVAN, FEBRUARY 9, NOYAN TAPAN. The February 9 meeting of the Armenian minister of economy Nerses Yeritsian and the ambassador of Belarus to Armenia Stepan Sukhorenko

Natural gas and electricity tariffs to rise in Armenia from
April 1
  • Economy
  • 2009-02-05 23:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. Starting from April 1, the natural gas and electricity tariffs will rise in Armenia due to an increase in the price

Armen Martirosian: It is time for Armenian government to
conduct progressive taxation policy
  • Economy
  • 2009-02-05 20:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. Armenia has no economic development programs aimed at overcoming the consequences of the global economic crisis, the deputy chairman of the

161 million drams allocated from reserve fund of government
to Mega Ararat company
  • Economy
  • 2009-02-05 19:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. Within the framework of programs on development of the Armenian economy, 161 million drams (about 527.8 thousand USD) was allocated from

ProCredit Bank in Armenia marks first year of its
activities
  • Economy
  • 2009-02-05 18:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. ProCredit Bank in Armenia marked the first year of its activities on February 5. Since February of last year, the number

According to National Assembly deputies, in Armenia people
lose jobs not only because of financial and economic crisis
  • Economy
  • 2009-02-05 16:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. As of late January, 3,500 people lost jobs due to the global financial and economic crisis, the RA minister of labor

Legislative amendments needed in Armenia to make big
business pay full amount of taxes
  • Economy
  • 2009-02-05 16:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. Although the State Revenue Committee adjunct to the RA government performed its major tasks in 2008, some problems and shortcomings still

Armenia has opportunity to become regional center of
nuclear medicine, minister of economy says
  • Economy
  • 2009-02-05 14:00:00

YEREVAN, FEBRUARY 4, NOYAN TAPAN. When presenting the annual report of the RA ministry of economy to the prime minister Tigran Sargsyan on February 4, the

Armenian government promises to assist land users with sale
of surplus potatoes
  • Economy
  • 2009-02-05 14:00:00

YEREVAN, FEBRUARY 5, NOYAN TAPAN. Large amounts of potatoes have accumulated in farms, and there are problems with their sale, the member of "PAP" faction Hrant

Tigran Sargsyan: 2009 will be a very difficult year for
Armenia
  • Economy
  • 2009-02-04 21:00:00

YEREVAN, FEBRUARY 4, NOYAN TAPAN. "2009 will be a very difficult year for Armenia because the global crisis is qualitatively changing the situation, with most serious

According to Armenian prime minister, development rates in
marzes should exceed those in Yerevan
  • Economy
  • 2009-02-04 20:00:00

YEREVAN, FEBRUARY 4, NOYAN TAPAN. Raising the level of administrative control of local government bodies continues to be an urgent problem of the activities of the

According to Vardan Aivazian, absence of securities market
is Armenia's advantage in conditions of financial and economic
crisis
  • Economy
  • 2009-02-03 22:00:00

YEREVAN, FEBRUARY 3, NOYAN TAPAN. The coordinated actions of various branches of power in the conditions of the global financial and economic crisis are a regularity,

Delta Partners invests 6 million dollars in ADC's capital
  • Economy
  • 2009-02-03 22:00:00

YEREVAN, FEBRUARY 3, NOYAN TAPAN. Delta Partners, an integrated management consulting and investment company engaged in the communication, media and technology sectors, has joined the activities of

Tigran Sargsyan: The state has created favorable conditions
for private sector to make investments
  • Economy
  • 2009-02-03 21:00:00

YEREVAN, FEBRUARY 3, NOYAN TAPAN. 3.2% economic growth was recorded in Armenia's agricultural sector in 2008, including 1.5% in plant growing, and 6.4% growth in cattle

Armenia joins Agreement on Foundation of Eurasian
Development Bank
  • Economy
  • 2009-02-03 20:00:00

YEREVAN, FEBRUARY 3, NOYAN TAPAN. By the February 3 decision of the National Assembly of the RA, Armenia has joined the Agreement on the Foundation of

Orange Armenia plans to make additional investments of 70
million dollars in 2009
  • Economy
  • 2009-02-03 19:00:00

YEREVAN, FEBRUARY 3, NOYAN TAPAN. Armenian Prime Minister Tigran Sargsyan on February 3 received Director General of France Telecom (Orange Armenia) company Bruno Dutois. Presenting the

Ministry of Nature Protection to pay special attention to
operation of unregistered mines in 2009
  • Economy
  • 2009-02-03 18:00:00

YEREVAN, FEBRUARY 3, NOYAN TAPAN. The RA Ministry of Nature Protection completely implemented the envisaged programs in 2008. However, as the minister Aram Harutyunian stated in

South Caucasus Railways CJSC adopts new policy of
cooperation
  • Economy
  • 2009-02-02 20:00:00

YEREVAN, FEBRUARY 2, NOYAN TAPAN. Receiving the newly-appointed CEO of South Caucasus Railways CJSC Shevket Shaydullin on February 2, the Armenian Prime Minister Tigran Sargsyan said that

Spring session of National Assembly of Armenia starts
  • Economy
  • 2009-02-02 19:30:00

YEREVAN, FEBRUARY 2, NOYAN TAPAN. The 5th session of the National Assembly of the RA started on February 2. 72 issues are on the agenda of

Tigran Sargsyan: State has no right to make investments in
risky sectors
  • Economy
  • 2009-02-02 17:00:00

YEREVAN, FEBRUARY 2, NOYAN TAPAN. A consultation on problems and development prospects of Armenia's construction sector was conducted by the prime minister Tigran Sargsyan on January 31.

Food prices stable, in some cases have tendency to fall in
Armenia
  • Economy
  • 2009-01-30 23:00:00

YEREVAN, JANUARY 30, NOYAN TAPAN. This year the RA State Commission on Protection of Economic Competition controls the competition-related situation in the commodity markets of social importance

Total revenues of system of RA ministry of transport and
communication make 3 billion 428 million drams in 2008
  • Economy
  • 2009-01-30 23:00:00

YEREVAN, JANUARY 30, NOYAN TAPAN. The total revenues of the companies operating in the system of the RA ministry of transport and communication made 3 bln

Several programs to be implemented in energy sector this
year
  • Economy
  • 2009-01-30 20:00:00

YEREVAN, JANUARY 30, NOYAN TAPAN. The RA Ministry of Energy and Natural Resources pays special attention to development of atomic energy, integration with regional energy systems, ensuring

KfW Bank to provide 14.6 million euros for reconstruction
of Gyumri-2 high-voltage substation
  • Economy
  • 2009-01-30 20:00:00

YEREVAN, JANUARY 30, NOYAN TAPAN. The RA ministry of finance, KfW Bank (Germany) and High-Voltage Electric Networks of Armenia CJSC on January 30 signed an agreement

Starting from January 30 members of Armenian government to
present reports on 2008 activities to prime minister
  • Economy
  • 2009-01-30 19:00:00

YEREVAN, JANUARY 30, NOYAN TAPAN. Starting from January 30, the members of the RA government will present reports on the 2008 activities of the minisitries to

Armenia makes use of GSP+ trade regime of EU since January
1
  • Economy
  • 2009-01-30 18:16:00

YEREVAN, JANUARY 30, NOYAN TAPAN. Negotiations are being conducted with the EU on signing the Enlarged Free Trade Agreement by Armenia. In this connection a EU

French department Hauts-de-Seine to provide 500 thousand
euros for program of developing agriculture in Tavush marz
  • Economy
  • 2009-01-29 22:00:00

PARIS, JANUARY 29, NOYAN TAPAN. The President of the General Council of the French department of Hauts-de-Seine Patrick Devedjian and the Chairman of Hayastan All-Armenian Fund's Local

Number of subscribers of VivaCell-MTS reaches 2 million
  • Economy
  • 2009-01-29 21:00:00

YEREVAN, JANUARY 29, NOYAN TAPAN. VivaCell-MTS company, Armenia's leading mobile operator maintained well its positions in 2008 which was marked by a signifcant market share that reached

Armenian government approves concept of cooperation between
state and private sector
  • Economy
  • 2009-01-29 20:20:00

YEREVAN, JANUARY 29, NOYAN TAPAN. At the January 29 sitting, the Armenian government approved the concept of cooperation between the state and the private sector. The ministry

Armenia has overcome fist stage of economic crisis,
National Assembly deputy Gagik Minasian says
  • Economy
  • 2009-01-29 20:00:00

YEREVAN, JANUARY 29, NOYAN TAPAN. Armenia has overcome the first - financial stage of the global economic crisis, the chairman of the National Assembly Standing Committee

Armenian government to take consistent measures to resolve
situation in gold market
  • Economy
  • 2009-01-29 19:00:00

YEREVAN, JANUARY 29, NOYAN TAPAN. At the January 29 sitting of the Armenian government, the prime minister Tigran Sargsyan stated that they will take consistent measures

World Bank to provide 525 million dollars to Armenia
  • Economy
  • 2009-01-27 23:00:00

YEREVAN, JANUARY 27, NOYAN TAPAN. The World Bank will provide 525 million dollars for programs to be implemented under the Strategy of Partnership with Armenia in

World Bank Regional Director for South Caucasus awarded
memorial medal of Armenian Prime Minister
  • Economy
  • 2009-01-27 22:00:00

YEREVAN, JANUARY 27, NOYAN TAPAN. The World Bank Regional Director for the South Caucasus Donna Dowsett Coirolo was awarded a memorial medal of the Armenian prime

Nerses Yeritsian participates in Zurich roundtable of
investors in developing economies
  • Economy
  • 2009-01-27 18:20:00

ZURICH, JANUARY 27, NOYAN TAPAN. The RA minister of economy Nerses Yeritsian made a speech at the roundtable of investors in developing economies held in Zurich

President and prime minister of Armenia receive World Bank
delegation
  • Economy
  • 2009-01-27 18:00:00

YEREVAN, JANUARY 27, NOYAN TAPAN. The programs to be implemented in the next 4 years under Armenia's Partnership Strategy with the World Bank were discussed at

ArmRusgazprom plans to allocate 30.6 billion drams for
modernization of 5th power unit of Hrazdan TPP in 2009
  • Economy
  • 2009-01-27 16:00:00

YEREVAN, JANUARY 27, NOYAN TAPAN. ArmRusgazprom CJSC plans to make investments of 78.6 billion drams in 2009, including 30.6 billion drams (about 100 million USD) for

Tatul Manaserian: Hyperappreciation of dram hinders
development of production in Armenia
  • Economy
  • 2009-01-26 21:00:00

YEREVAN, JANUARY 26, NOYAN TAPAN. With the aim of reducing the negative balance of Armenia's foreign trade, it is necessary to develop domestic production, to which,

Cash registers are best instrument for making economy
calculable, Tatul Manserian says
  • Economy
  • 2009-01-26 20:00:00

YEREVAN, JANUARY 26, NOYAN TAPAN. The economy should be made calculable, and cash registers are the best instrument for it. However, cash registers should not be

Finance minister of Armenia meets with World Bank
delegation
  • Economy
  • 2009-01-26 19:10:00

YEREVAN, JANUARY 26, NOYAN TAPAN. The minister of finance of the RA Tigran Davtian on January 26 met with the delegation of the World Bank. The

Armenian prime minister visits gold market owned by
"Vagharsh & Sons" Ltd
  • Economy
  • 2009-01-26 17:00:00

YEREVAN, JANUARY 26, NOYAN TAPAN. Armenian prime minister Tigran Sargsyan accompanied by by the ministers of economy, finace, labor and social issues, the chairman of the

Some tax privileges in jewelry sector no longer
satisfactory for sector's development
  • Economy
  • 2009-01-23 19:00:00

YEREVAN, JANUARY 23, NOYAN TAPAN. The current problems in the gem and jewelry sector are first of all conditioned by the global economic crisis which has

Financial Ombudsman Office to function in Armenia starting
from January 24
  • Economy
  • 2009-01-23 18:00:00

YEREVAN, JANUARY 23, NOYAN TAPAN. A Financial Ombudsman Office, so far the only one in the CIS, will function in Armenia starting from January 24. The

"The 21st Century of Armenian Architecture" All-Armenian
Congress to be held in Armenia in late April
  • Economy
  • 2009-01-23 17:00:00

YEREVAN, JANUARY 23, NOYAN TAPAN. It is envisaged holding "The 21st Century of Armenian Architecture" All-Armenian Congress in Yerevan on April 21-23. Its organizational issues were discussed

Armen Alaverdian: Worries of economic entities are mainly
caused by their ingnorance of legislative amendments
  • Economy
  • 2009-01-22 23:00:00

YEREVAN, JANUARY 22, NOYAN TAPAN. The deputy chairman of the RA State Revenue Committee Armen Alaverdian on January 22 met with representatives of some trade organization

Armeconombank does not plan to raise interest rates of its
credits in 2009
  • Economy
  • 2009-01-22 22:00:00

YEREVAN, JANUARY 22, NOYAN TAPAN. "Armeconombank does not plan to raise the interest rates of its credits in 2009: the current interest rates will remain until

EBRD extends repayment of first share of credits by
Armeconombank for one year
  • Economy
  • 2009-01-22 22:00:00

YEREVAN, JANUARY 22, NOYAN TAPAN. The European Bank for Reconstruction and Development (EBRD) has extended Armeconombank's repayment period of the first share of credits under the syndicated

Ara Grigorian assumes post of YBC director general on
January 1
  • Economy
  • 2009-01-22 17:30:00

YEREVAN, JANUARY 22, NOYAN TAPAN. Ara Grigorian, the CEO of Pernod Ricard's representative offices in Ukraine and Minsk, assumed the post of director general of the

Sales of Yerevan Brandy Company's production rise by 8% in
June-December 2008
  • Economy
  • 2009-01-22 17:30:00

YEREVAN, JANUARY 22, NOYAN TAPAN. Despite the global financial and economic crisis, sales of the Yerevan Brandy Company's (YBC) production rose by 8% in the first

Revenues, duties and compulsory social security payments of
NKR state budget increase by 25.6% in 2008
  • Economy
  • 2009-01-21 21:00:00

STEPANAKERT, JANUARY 21, NOYAN TAPAN. In 2008, revenues, duties and compulsory social security payments of the state budget of the Nagorno Karabakh Republic amounted to 17

Prime minister underlines existence of serious potential in
food processing sector of Armenia
  • Economy
  • 2009-01-21 20:00:00

YEREVAN, JANUARY 21, NOYAN TAPAN. A consultation on problems and the development opportunities of the processing sector of food industry was conducted by the RA prime

CBA Board considers it expedient to reduce gradually
interest rates
  • Economy
  • 2009-01-21 19:00:00

YEREVAN, JANUARY 21, NOYAN TAPAN. At the January 13 sitting, the Board of the Central Bank of Armenia (CBA) made a decision to reduce the CBA

5,407 licences granted by simple procedure in Armenia as of
January 1, 2009
  • Economy
  • 2009-01-21 17:00:00

YEREVAN, JANUARY 21, NOYAN TAPAN. The RA ministry of finance granted 78 licences by simple procedure in 2008, including 4 licences for apple and fruit wine

Armenia is more secure than many European countries in
terms of energy security
  • Economy
  • 2009-01-20 22:00:00

YEREVAN, JANUARY 20, NOYAN TAPAN. In the opinion of the director general of ArmRusgazprom CJSC Karen Karapetian, today Armenia is much more secure in terms of

According to CBA, this year Armenia's GDP to grow by 7-8%,
inflation to make about 4%
  • Economy
  • 2009-01-20 20:00:00

YEREVAN, JANUARY 20, NOYAN TAPAN. This year Armenia's GDP will grow by 7-8%, while inflation will make about 4%. Announcing these forecasts of the Central Bank

Armenia's GDP grows by 6.8% in 2008 as compared with
previous year
  • Economy
  • 2009-01-20 17:30:00

YEREVAN, JANUARY 20, NOYAN TAPAN. Armenia's GDP grew by 6.8% in 2008 on the previous year and made 3 trillion 650 billion 49.8 million drams (more

ProCredit Bank Armenia opens its 5th branch in country
  • Economy
  • 2009-01-20 17:00:00

YEREVAN, JANUARY 20, NOYAN TAPAN. ProCredit Bank has opened its new - 5th branch located at the Citadel Business Center, 1st floor (105/1 Terian Street, Yerevan).

ProCredit Bank Armenia opens its 5th branch in country
  • Economy
  • 2009-01-20 17:00:00

YEREVAN, JANUARY 20, NOYAN TAPAN. ProCredit Bank has opened its new - 5th branch located at the Citadel Business Center, 1st floor (105/1 Terian Street, Yerevan).

Ecoglobe company to implement certification of organic
agricultural foodstuffs
  • Economy
  • 2009-01-19 18:00:00

YEREVAN, JANUARY 19, NOYAN TAPAN. Henceforth Ecoglobe company will implement certification of organic agricultural foodstuffs in Armenia. The director general of the company Nune Darbinian said at

2009 program of measures of Armenian Development Agency
approved
  • Economy
  • 2009-01-16 23:00:00

YEREVAN, JANUARY 16, NOYAN TAPAN. The 2009 program of measures of the Armenian Development Agency (ADA) CJSC was approved at the January 16 sitting of ADA's

Armenia should get rid of mania of recording double-digit
economic growth, ARF deputy says
  • Economy
  • 2009-01-16 16:50:00

YEREVAN, JANUARY 16, NOYAN TAPAN. The global economic crisis has both negative and positive aspects, the member of "ARF" parliamentary faction Ara Nranian expressed an opinion

Armenian government receives 70 bids of business plans with
aim of overcoming global financial crisis
  • Economy
  • 2009-01-15 17:00:00

YEREVAN, JANUARY 15, NOYAN TAPAN. With the aim of overcoming the global financial crisis, 70 bids of business plans have been received in response to the

Control Chamber of Armenia sends 8 cases on considerable
abuses to prosecutor's office
  • Economy
  • 2009-01-14 22:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. As a result of the examination conducted in some spheres in 2008, the Control Chamber of Armenia has sent 8 cases

According to former prime minister, economic crisis in
Armenia is of structural nature
  • Economy
  • 2009-01-14 21:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. The second stage of the economic crisis to start in Armenia in March-April will result in a sharp growth of the

CBA reduces refinancing rate by 0.25% to 7%
  • Economy
  • 2009-01-14 20:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. At the January 13 sitting, the Board of the Central Bank of Armenia (CBA) reduced the refinancing rate by 0.25% to

Exports from Armenia decline by 4.5%, imports into country
grow by 39.5% in January-November 2008
  • Economy
  • 2009-01-14 19:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. The foreign trade of Armenia amounted to 1 trillion 526 billion drams or 4 bln 992.6 mln USD in current prices

Revenues from communication services increase by 13.5% in
Armenia in January-November 2008
  • Economy
  • 2009-01-14 19:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. The revenues from services provided by Armenian communication enterprises amounted to 154 bln 367.2 mln drams or 504.8 mln USD (without

Armenia's negative net investment position grows by 15.6%
or 410.83 million dollars in 3rd quarter of 2008
  • Economy
  • 2009-01-14 17:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. Armenia's net investment position was negative by 3 bln 38.05 mln USD in late September 2008, which was more by 15.6%

Number of legal entities grows by 4.9%, that of private
businessmen by 31.29% in Armenia in 12 months
  • Economy
  • 2009-01-14 17:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. By data of the State Register of Legal Entities and Private Businessmen of the RA Ministry of Justice, 3,391 commercial legal

Revenues of Armenia's state budget grow by 19.1%,
expenditures by 24.3% in January-November 2008
  • Economy
  • 2009-01-14 11:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. In January-November 2008, the RA state budgetary revenues made 695.3 billion drams (more than 2 bln 273.7 mln USD), expenditures made

There were 4 licences for lottery organization, 15 casino
licences and 118 prize-winning game licences in Armenia as of
January 1, 2009
  • Economy
  • 2009-01-14 11:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. In 2008 the RA ministry of finance provided 55 prize-winning game licences, 6 casino licences and 2 licences for lottery organization.

Armenia in 31st place among 179 countries by level of
economic freedoms
  • Economy
  • 2009-01-14 11:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. By the results of an annual research conducted by the Heritage Foundation and "The Wall Street Journal", Armenia is in 31st

Expenditures of Armenian state budget grow by 24.3% in
January-November 2008 on same period of previous year
  • Economy
  • 2009-01-14 11:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. Expenditures of the RA state budget amounted to 673.1 bln drams (more than 2 bln 201.1 mln USD) in January-November 2008.

Profit tax revenues make up 14.3% of tax revenues of
Armenian state budget in January-November 2008
  • Economy
  • 2009-01-14 11:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. Profit tax revenues of 79.1 bln drams (about 258.7 mln USD) made up 14.3% of the tax revenues of the RA

Growth in almost all types of taxes recorded in Armenia in
January-November 2008
  • Economy
  • 2009-01-14 11:00:00

YEREVAN, JANUARY 14, NOYAN TAPAN. The tax revenues of the RA state budget amounted to 553.1 bln drams (about 1 bln 808.7 mln USD) in January-November

Gas supply network installation program implemented by
115.4% in Armenia in 2008
  • Economy
  • 2009-01-13 20:00:00

YEREVAN, JANUARY 13, NOYAN TAPAN. 573,955 subscribers were connected to Armenia's gas system as of January 1, 2009. According to the website of ArmRusgazprom CJSC, the

Gas supply of Armenia restored
  • Economy
  • 2009-01-13 19:00:00

YEREVAN, JANUARY 13, NOYAN TAPAN. The natural gas supply of Armenia was restored at 6:25 pm on December 12. The supply had been interrupted in connection

Deno Gold Mining Company not to be sold
  • Economy
  • 2009-01-13 19:00:00

KAPAN, JANUARY 13, NOYAN TAPAN. Robert Falleta, director general of Deno Gold Mining Company - the former Kapan Mining and Processing Enterprise, denied the information that

Natural gas supply to Armenia to be restored on January 13
  • Economy
  • 2009-01-12 19:45:00

YEREVAN, JANUARY 12, NOYAN TAPAN. The supply of natural gas to Armenia that had been stopped temporarily due to the accident on the Ghazakh-Saguramo highway gas

Industrial production of 2 billion 267.5 million dollars
made in Armenia in January-November 2008
  • Economy
  • 2009-01-09 21:30:00

YEREVAN, JANUARY 9, NOYAN TAPAN. Industrial production of 693 bln 389.9 mln drams (about 2 bln 267.5 mln USD) in current prices was made in Armenia

Net foreign debt of Armenia increases by 84.05 million
dollars to 1 billion 219.17 million dollars in 3rd quarter of
2008
  • Economy
  • 2009-01-09 21:30:00

YEREVAN, JANUARY 9, NOYAN TAPAN. The gross foreign debt of Armenia made 3 bln 176.55 mln USD at the end of September 2008, growing by 24.38

Monetary base decreases by 3.5%, broad money by 4.4% in
Armenia in November 2008
  • Economy
  • 2009-01-09 21:00:00

YEREVAN, JANUARY 9, NOYAN TAPAN. The monetary base amounted to 422 bln 14 mln drams (more than 1 bln 380 mln USD) in Armenia as of

Trade turnover amounts to 4.7 billion dollars in Armenia in
January-November 2008
  • Economy
  • 2009-01-09 20:30:00

YEREVAN, JANUARY 9, NOYAN TAPAN. Trade turnover made 1 trillion 443 billion 352 million drams (more than 4 bln 719.9 million USD) in current prices in

72.2% of construction done with population's financial
resources in Armenia in January-November 2008
  • Economy
  • 2009-01-09 20:00:00

YEREVAN, JANUARY 9, NOYAN TAPAN. Construction work of 757 billion 806 million drams (over 2 bln 478.1 mln USD), including building and assembly work of 694

Tigran Sargsyan: Armenian government will ensure
transparency of its anti-crisis actions
  • Economy
  • 2009-01-09 16:15:00

YEREVAN, JANUARY 9, NOYAN TAPAN. "The Armenian government intends to confront the expected economic crisis in two major ways: by giving impetus to construction of infrastructures

CBA to issue "Beckenbauer" commemorative coin
  • Economy
  • 2009-01-08 19:22:00

YEREVAN, JANUARY 8, NOYAN TAPAN. The Board of the Central Bank of Armenia (CBA) approved the model forms of published financial statements of investment companies, as

Exchange rate of Armenian dram against US dollar rises by
1.2% in past year
  • Economy
  • 2009-01-08 19:16:00

YEREVAN, JANUARY 8, NOYAN TAPAN. Consumer prices in Armenia and the settlement exchange rate of the Armenian dram against the US dollar rose by 0.1% and

Foundation of Economic Development of Rural Areas in
Armenia to be established
  • Economy
  • 2009-01-08 19:16:00

YEREVAN, JANUARY 8, NOYAN TAPAN. During the January 8 sitting, the Armenian government made a decision to establish the Foundation of Economic Development of Rural Areas

Armenian government approves small aviation development
concept
  • Economy
  • 2009-01-08 19:16:00

YEREVAN, JANUARY 8, NOYAN TAPAN. At the January 8 sitting, the Armenian government approved the small aviation development concept. It was stated that the development of

Nonfood commodity prices fall by 2.3% in Armenia in
December 2008
  • Economy
  • 2009-01-08 18:36:00

YEREVAN, JANUARY 8, NOYAN TAPAN. 2.3% fall in prices in Armenia's nonfood commodity market in December on November 2008 was directly affected by the fall in

Consumer prices increase by 5.2% in Armenia in 2008
  • Economy
  • 2009-01-08 18:36:00

YEREVAN, JANUARY 8, NOYAN TAPAN. The consumer price index made 105.2% in Armenia in December 2008 on December 2007, including the index of food commodity prices

Prices of gasoline and diesel fuel fall by 16.4% and 10.2%
respectively in Armenia in past year
  • Economy
  • 2009-01-08 18:36:00

YEREVAN, JANUARY 8, NOYAN TAPAN. Prices of gasoline and diesel fuel fell by 14.3% and 15.4% respectively in Armenia in December on November 2008.

Food prices grow by 0.8% in Armenia in December 2008
  • Economy
  • 2009-01-08 18:36:00

YEREVAN, JANUARY 8, NOYAN TAPAN. 0.8% growth of food prices was recorded in Armenia in December on November 2008, which was mostly due to 0.1-18.1% growth

Development of basin management plans to start in Armenia
this year
  • Economy
  • 2009-01-08 11:18:00

YEREVAN, JANUARY 8, NOYAN TAPAN. 315 water use permissions were granted in Armenia in 2008, including 101 permissions to natural persons and 214 ones to legal

Compulsory electronic re-auction of "Bjni" starts
  • Economy
  • 2009-01-05 17:00:00

YEREVAN, JANUARY 5, NOYAN TAPAN. The compulsory electronic re-auction of the property and property rights of "Bjni" Mineral Waters company started on February 5, at 1

Food Safety and Veterinary Inspection conducts 1,636 checks
this year
  • Economy
  • 2008-12-29 17:08:00

YEREVAN, DECEMBER 29, NOYAN TAPAN. The Food Safety and Veterinary Inspection of the RA Ministry of Agriculture conducted 1,636 checks this year, which is more by

Winners of 3rd All-Armenian e-Content Competition announced
  • Economy
  • 2008-12-27 18:00:00

YEREVAN, DECEMBER 27, NOYAN TAPAN. 337 works were submitted for the 3rd All-Armenian e-Content Competition, which was by 30% more than at the previous competition, the

Converse Bank to overcome difficulties expected in 2009
  • Economy
  • 2008-12-26 22:00:00

YEREVAN, DECEMBER 26, NOYAN TAPAN. The forecasts of experts that the Armenian banks will have difficulties with repayment of credits in the spring of 2009 are

Converse Bank plans to increase crediting of small and
medium enterprises
  • Economy
  • 2008-12-26 21:00:00

YEREVAN, DECEMBER 26, NOYAN TAPAN. 2008 was a successful year for Converse Bank that has increased the number of its branches in Armenian marzes (provinces) to

Russia to continue supplying gas to Armenia
  • Economy
  • 2008-12-26 20:36:00

YEREVAN, DECEMBER 26, NOYAN TAPAN. Armenia has no problem with receiving gas from Russia, and the gas supply from Russia to Armenia will continue, the director-gerenal

In opinion of former prime minister, Armenian economy is
ill today, but not beyond hope
  • Economy
  • 2008-12-26 20:00:00

YEREVAN, DECEMBER 26, NOYAN TAPAN. The Armenian economy is ill today, but not beyond hope as it is not big and can be cured by taking

Armenia's GDP grows by 7.2% in January-November 2008 on
same period of 2007
  • Economy
  • 2008-12-26 18:00:00

YEREVAN, DECEMBER 26, NOYAN TAPAN. Armenia's GDP grew by 7.2% in January-November 2008 on the same period of 2007 and made 3 trillion 290 billion 972.1

Control of bread weight and quality to tighten in Armenia
  • Economy
  • 2008-12-25 20:00:00

YEREVAN, DECEMBER 25, NOYAN TAPAN. At the December 25 sitting, the government approved the bill on making an addition and an amendment to the RA Code

7 test laboratories accredited in Armenia this year
  • Economy
  • 2008-12-25 19:00:00

YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2008 the Accreditation Agency of the RA Ministry of Economy has made expert examination of the documents submitted for accreditation of

National Assembly passes in first reading 2 tax packages
and bill on amendments in Law on Fixed Payments
  • Economy
  • 2008-12-25 19:00:00

YEREVAN, DECEMBER 25, NOYAN TAPAN. The RA National Assembly on December 25 passed in first reading 2 tax packages and the bill on amendments and additions

OFID to provide 14 million dollar credit to Armenian
government
  • Economy
  • 2008-12-25 17:00:00

YEREVAN, DECEMBER 25, NOYAN TAPAN. The Armenian ambassador to Austria Ashot Hovakimian and the Director-General of the OPEC Fund for International Development (OFID) Suleiman J. Al-Herbish on

It is proposed including state duty charged for departure
of natural persons by air transport from Armenia in ticket
prices
  • Economy
  • 2008-12-24 19:52:00

YEREVAN, DECEMBER 24, NOYAN TAPAN. The RA National Assembly on December 24 discussed in first reading the government-submitted package of bills envisaging amendments and additions to the

Piruz Sargsyan appointed ombudsperson of financial system
  • Economy
  • 2008-12-24 19:00:00

YEREVAN, DECEMBER 24, NOYAN TAPAN. The first sitting of the Board of Trustees of the "Office of Ombudsman of the Financial System" Foundation was held on

About 6,400 types of Armenian goods can be exported to EU
market at zero or reduced customs duties
  • Economy
  • 2008-12-24 18:44:00

YEREVAN, DECEMBER 24, NOYAN TAPAN. As a result of long negotiations conducted by the RA ministry of economy, Armenia received the opportunity to use EU's GSP+

Armenian parliament passes in first reading legislative
package on All-Armenian Bank
  • Economy
  • 2008-12-24 18:20:00

YEREVAN, DECEMBER 24, NOYAN TAPAN. The RA National Assembly passed in the first reading the bill on All-Armenian Bank, and based on it, a package of

Hrant Bagratian forecasts depreciation of Armenian dram and
decline in purchasing capacity in February-April
  • Economy
  • 2008-12-24 17:48:00

YEREVAN, DECEMBER 24, NOYAN TAPAN. Armenia needs about 3 billion dollars, including a billion dollars in the first quarter of 2009, in order to withstand the

Minister of economy: Armenia has overcome consequences of
first stage of global financial crisis
  • Economy
  • 2008-12-24 16:46:00

YEREVAN, DECEMBER 24, NOYAN TAPAN. Armenia has managed to overcome the consequences of the first stage of the global financial crisis, the Armenian minister of economy

According to Armenian legislators, government's bill on
All-Armenian Bank is in need of serious clarification
  • Economy
  • 2008-12-23 23:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The idea of creating an All-Armenian Bank is acceptable, but the government's bill on the bank is in need of serious

Parliament discusses in first reading legislative package
on All-Armenian Bank
  • Economy
  • 2008-12-23 23:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The RA National Assembly on December 23 discussed in the first reading the bill on All-Armenian Bank and, based on it,

Asian Development Bank shows interest in financing
construction of Iran-Armenia railway
  • Economy
  • 2008-12-23 23:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. A number of international financial organizations operating in Armenia, including the Asian Development Bank, have shown interest in financing the construction of

Roads of total length of 165 km repaired with state
budgetary resources in Armenia in 2008
  • Economy
  • 2008-12-23 23:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. Major repairs of 11,520 million drams (about 37.7 million USD) were done with state budgetary resources in Armenia in 2008. The

Armen Movsisian: We will start power delivery from Armenia
to Turkey in time
  • Economy
  • 2008-12-23 22:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The agreements on power delivery from Armenia to Turkey starting from the spring of 2009 remain in force. According to the

Tehran expresses willingness to build Iranian section of
Iran-Armenia railway
  • Economy
  • 2008-12-23 21:18:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The idea of building an Iran-Armenia railway was discussed once again at the recent sitting of the Armenian-Iranian intergovernmental commission in Tehran,

Armenia and Iran reach preliminary agreement on bringing
trade regimes between each other into line with WTO requirements
  • Economy
  • 2008-12-23 21:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. During the recent sitting of the Armenian-Iranian intergovernmental commission, the sides reached an agreement to bring the trade regimes between each other

Armenian minister of economy Nerses Yeritsian visits Dubna
JINR
  • Economy
  • 2008-12-23 20:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The Armenian minister of economy Nerses Yeritsian visited Dubna (Russia) on December 17-18 in order to familiarize himself with the activities

Asian Development Bank to provide one million dollar grant
to Armenia
  • Economy
  • 2008-12-23 19:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The RA minister of economy Nerses Yeritsian and the RA minister of transport and communication Gurgen Sargsyan on hehalf of the

Armenian ministry of energy and natural resources
effectively implements 2008 program
  • Economy
  • 2008-12-23 18:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The RA ministry of energy and natural resources effectively implemented the 2008 program, the minister Armen Movsisian stated at the December

According to Yerevan mayor, 2008 to have significant impact
on development of capital city
  • Economy
  • 2008-12-23 18:00:00

YEREVAN, DECEMBER 23, NOYAN TAPAN. The year 2008 will have a significant impact on development of Yerevan due to Armenia's economic development and large-scale urban development

Overall assets of Armenian banking system pass threshold of
1 trillion drams
  • Economy
  • 2008-12-19 22:00:00

YEREVAN, DECEMBER 19, NOYAN TAPAN. Last week the overall assets of the Armenian banking system grew by 16.2 billion drams and made 1 trillion drams (about

Armenian tax bodies do not collect advance payments, SRC
deputy chairman says
  • Economy
  • 2008-12-19 22:00:00

YEREVAN, DECEMBER 19, NOYAN TAPAN. New types of cash register tapes must be used in Armenia starting from January 1, 2009. The economic entities not to