YEREVAN, DECEMBER 19, NOYAN TAPAN. Issues related to further development of cooperation in the high-tech sector were discussed at the December 19 meeting of the Armenian
YEREVAN, DECEMBER 19, NOYAN TAPAN. The Millennium Challenge Account-Armenia (MCA-Armenia) SNCO announced the award of a contract to "SADE" (France) in consortium with "SHMSH-23" (Armenia) for the
YEREVAN, DECEMBER 19, NOYAN TAPAN. On December 9, 2008, the European Commission approved the list of countries eligible to use the EU's GSP+ (GSP - Generalized
YEREVAN, DECEMBER 19, NOYAN TAPAN. An auction of state (treasury) short-term bonds of AMGT11053095 issue with a 11-week redemption period was held on December 18.
YEREVAN, DECEMBER 19, NOYAN TAPAN. The team of the program studying the current compulsory enforcement system in Armenia and the expediency of introducing a private system
YEREVAN, DECEMBER 18, NOYAN TAPAN. At the December 17 sitting, the Armenian government appoved the draft law on compulsory insurance of liability proceeding from the use
YEREVAN, DECEMBER 18, NOYAN TAPAN. At the December 17 sitting, the Armenian government approved the list of measures on improvement of the Garni-Geghard tourist route.
YEREVAN, DECEMBER 18, NOYAN TAPAN. ArmenAl was not closed and it is increasing its production growth rates, NT correspondent was informed by Alexander Melkumian, spokesman for foil
YEREVAN, DECEMBER 18, NOYAN TAPAN. In January-October 2008 the foreign trade of Armenia amounted to 1 trillion 381.8 bln drams or 4 billion 520.4 million USD,
YEREVAN, DECEMBER 18, NOYAN TAPAN. The negative consequences of the global economic crisis will affect the socioeconimic state of Armenia first of all due to a
YEREVAN, DECEMBER 17, NOYAN TAPAN. Neither budget nor any other document envisages any step for withstanding the global financial and economic crisis. The member of the
YEREVAN, DECEMBER 17, NOYAN TAPAN. According to the Central Bank of Armenia (CBA), out of the composite economic indices, the business climate index made 41.5 in
YEREVAN, DECEMBER 17, NOYAN TAPAN. ProCredit Bank (www.procreditbank.am) has increased its capital by 300 million drams to 6 billion 90 million drams (about 20 million USD). According
YEREVAN, DECEMBER 17, NOYAN TAPAN. Armavia airline is carrying out work for organization of direct flights to Los Angeles and New York. The deputy director general
YEREVAN, DECEMBER 16, NOYAN TAPAN. An investment program envisaging construction of Masis, Sis and New Armenia lakeside holiday places in Yeghvard by 2014 was discussed at
YEREVAN, DECEMBER 16, NOYAN TAPAN. Ameriabank has signed an agreement with Rosgosstrakh-Armenia insurance company, by which henceforth natural persons' deposits of any amount with Ameriabank will be
YEREVAN, DECEMBER 15, NOYAN TAPAN. INTRACOM TELECOM, a part of SITRONICS, on December 15 announced the signing of a USD 24 million contract with VivaCell-MTS (K-Telecom),
YEREVAN, DECEMBER 15, NOYAN TAPAN. At the December 11 sitting, the Board of Directors of the Millennium Challenge Corporation (MCC) expressed concerns about democratic governance in Armenia,
GYUMRI, DECEMBER 15, NOYAN TAPAN. The idea of founding a technopark (technocity) in the city of Gyumri (Shirak marz) with a significant strategic intervention will become
YEREVAN, DECEMBER 12, NOYAN TAPAN. A discussion on the subject "The Possibilities and Mechanisms of Financing Energy Efficiency Programs" with the participation of representatives of banks, credit
YEREVAN, DECEMBER 12, NOYAN TAPAN. An exhibition of Armenian goods was organized in Aleppo on December 2-9 on the initiative of the Chamber of Commerce and
YEREVAN, DECEMBER 12, NOYAN TAPAN. The trade turnover between Armenia and Syria amounted to about 3 million USD this year, including imports of 2 million 250
YEREVAN, DECEMBER 12, NOYAN TAPAN. Although the financial crisis has had an impact on the operation of the Russian railway, no changes, including staff reduction, are
YEREVAN, DECEMBER 12, NOYAN TAPAN. Chir company produced 500 tons of dried fruit and vegetables this year, with 20% of its production being exported to European
YEREVAN, DECEMBER 11, NOYAN TAPAN. During the December 9 meeting, the Board of Directors of Russian Railways company took a decision to relieve Alexander Kuznetsov of
YEREVAN, DECEMBER 11, NOYAN TAPAN. Starting from January 1, 2009, new cash-register tapes of one single type will be put in use in Armenia. These tapes
YEREVAN, DECEMBER 11, NOYAN TAPAN. At the December 11 sitting, the Armenian government made a decision to establish a separate unit - the State Inspection for
YEREVAN, DECEMBER 11, NOYAN TAPAN. The person in charge of information collection and contacts with apllying persons at the operative headquarters set up for discussion of
YEREVAN, DECEMBER 11, NOYAN TAPAN. At the December 11 sitting, the Armenian government made a decision to put in use excise stamps marked "2009" for marking
YEREVAN, DECEMBER 11, NOYAN TAPAN. At the December 11 sitting, the Armenian government approved the 2009 Program of State Assistance to the Small and Medium Entrepreneurship
YEREVAN, DECEMBER 11, NOYAN TAPAN. Out of foreign investments of a total of 805 million 341.3 thousand USD in the real sector of Armenian economy in
YEREVAN, DECEMBER 11, NOYAN TAPAN. Trade and economic relations between Armenia and Russia continue developing successfully. Alexander Zaytsev, the commercial representative of Russia in Armenia, stated
YEREVAN, DECEMBER 10, NOYAN TAPAN. At the December 10 sitting of the Governing Council of Millennium Challenge Account (MCA) - Armenia state nonprofit organization, the 10th allocation
YEREVAN, DECEMBER 10, NOYAN TAPAN. Two week ago Bi Line information and communication technology (ICT) company filed a lawsuit on protection of the right of property
YEREVAN, DECEMBER 10, NOYAN TAPAN. In order to make forecasts about the further impact of the global crisis on Armenia, it is necessary to examine its
YEREVAN, DECEMBER 10, NOYAN TAPAN. At the December 10 sitting, the RA State Commission for Protection of Economic Competition made a decision to impose a fine
YEREVAN, DECEMBER 10, NOYAN TAPAN. Some cases of a price fall were recorded in Armenia's food market in the period before New Year, the chairman of
YEREVAN, DECEMBER 10, NOYAN TAPAN. The EXPO BEAUTY 2008 International Exhibition was opened on December 10 at the Moscow House cultural-business center of Yerevan. More than
TBILISI, DECEMBER 9, NOYAN TAPAN. During the 7th sitting of the Armenian-Georgian intergovernmental commission for economic cooperation held in Tbilisi on December 9, the sides first discussed
YEREVAN, DECEMBER 9, NOYAN TAPAN. The property and property rights of "Bjni" Mineral Water Plant CJSC will be sold by auction on December 19, NT was
YEREVAN, DECEMBER 9, NOYAN TAPAN. The global economic crisis opens some opportunities for Armenia's economic development not only because the country is not integrated deeply into the
YEREVAN, DECEMBER 8, NOYAN TAPAN. The Armenian prime minister Tigran Sargsyan on December 8 received the director of the World Bank Armenia Office Aristomene Varudakis, the
YEREVAN, DECEMBER 8, NOYAN TAPAN. Several hundred taxi drivers held a demonstration in Yerevan's Republic Square on December 8. They protested against the government decision that bans
YEREVAN, DECEMBER 8, NOYAN TAPAN. The global financial crisis will have its impact on Armenian economy without fail, but today our country is in a relatively
MOSCOW, DECEMBER 8, NOYAN TAPAN. During his working visit to Moscow on December 5, the Armenian prime minister Tigran Sargsyan discussed with his Russian counterpart Vladimir
YEREVAN, DECEMBER 8, NOYAN TAPAN. "Gyumri should be turned into the Northern capital city of Armenia, it should be given the opportunity to become a center
DILIJAN, DECEMBER 8, NOYAN TAPAN. "The Tax and Customs Legislation and Administration Reforms", "The Global Financial Crisis: The Strategy of Behaviour in the Crisis Situation", "The Principles
YEREVAN, DECEMBER 5, NOYAN TAPAN. Synopsys Company, a world leader in Electronic Design Automation software for semiconductor design, one of whose biggest subsidiaries - Synopsys Armenia is
YEREVAN, DECEMBER 5, NOYAN TAPAN. The Armenian railway has always been in the center of attention of the RA Ministry of Transport and Communication because it
YEREVAN, DECEMBER 5, NOYAN TAPAN. The sitting of the Armenian-Bulgarian Intergovernmental Commission will be held on December 9-10 in the capital city of Bulgaria, Sofia. Armenia's delegation
YEREVAN, DECEMBER 5, NOYAN TAPAN. The tax legislation amendments presented by the RA government to the National Assembly with the aim of ensuring the execution of
YEREVAN, DECEMBER 5, NOYAN TAPAN. The jubilee conference of transport ministers of the TRACECA Europe-Caucasus-Asia Tranpsort Program member states was held in Baku on December 4. The
YEREVAN, DECEMBER 5, NOYAN TAPAN. The closure of Lycos Armenia - the Armenian subsidiary of Lycos Europe company, and the dismissal of 75 experts of Epygi
YEREVAN, DECEMBER 5, NOYAN TAPAN. The Union of IT Enterprises of Armenia (UITE) in cooperation with USAID's Anticorruption Activity Mobilization Program launched a 6-month Customs Legislation and
YEREVAN, DECEMBER 4, NOYAN TAPAN. The National Assembly on December 4 passed in first reading the bill on making amendments to the Law on Excise Tax.
YEREVAN, DECEMBER 4, NOYAN TAPAN. The Armenian parliament on December 4 approved the 2009 annual program of activities of the Control Chamber. The chairman of the
YEREVAN, DECEMBER 4, NOYAN TAPAN. The Armenian parliament on December 4 finished the work of the autumn sessions, not completing the discussion of the bill on
YEREVAN, DECEMBER 4, NOYAN TAPAN. Within the frame of work to overcome the negative consequences of the global financial-economic crisis, instructions were given to all the ministries,
YEREVAN, DECEMBER 4, NOYAN TAPAN. When receiving the delegation of the European Bank for Reconstruction and Development (EBRD) Board of Directors, the Armenian president Serzh Sargsyan expressed
YEREVAN, DECEMBER 4, NOYAN TAPAN. The Armenian prime minister Tigran Sargsyan will pay a one-day visit to Russia on December 5. During the visit, he will
YEREVAN, DECEMBER 4, NOYAN TAPAN. During the December 4 meeting with the delegation of the European Bank for Reconstruction and Development (EBRD), the Armenian prime minister Tigran
YEREVAN, DECEMBER 3, NOYAN TAPAN. Having examined the materials sent by the RA Ministry of Economy concerning the activity of the liquidation commission of Kanaz OJSC,
YEREVAN, DECEMBER 3, NOYAN TAPAN. Despite a decline in exports and the withdrawal of Russian capital from the country, the global economic crisis has not yet
NEW DELHI, DECEMBER 3, NOYAN TAPAN. An Armenia-India business forum took place in the hall of the Federation of Indian Chambers of Commerce and Indistry (FICCI)
YEREVAN, DECEMBER 3, NOYAN TAPAN. The Central Bank of Armenia (CBA) issued a commemoraive coin dedicated to the 15th anniversary of putting the national currency -
YEREVAN, DECEMBER 3, NOYAN TAPAN. At the December 2 sitting, the Board of the Central Bank of Armenia (CBA) reduced the refinancing rate by 0.5% to
YEREVAN, DECEMBER 2, NOYAN TAPAN. "Despite the spreading global economic crisis, we still have hopes of maintaining high rates of economic growth and low inflation. The
YEREVAN, DECEMBER 2, NOYAN TAPAN. The work done by the Atomic Energy Security Council (AESC) under the RA president in the sphere of security of the
YEREVAN, DECEMBER 2, NOYAN TAPAN. "The global economic crisis will affect Armenia's economic system without fail," the chairman of the National Assembly Standing Committee of Economic Issues
YEREVAN, DECEMBER 1, NOYAN TAPAN. Some cash machines of ArCa payment system will not operate on December 3-6 due to repairs of cables among stations of
YEREVAN, DECEMBER 1, NOYAN TAPAN. Based on the high level of political cooperation between Armenia and Russia, cooperation of the two countries in the energy sector
YEREVAN, DECEMBER 1, NOYAN TAPAN. A ceremony dedicated to the completion of the construction of the linear section of 186.3-km Kajaran-Ararat gas-main pipeline took place near
YEREVAN, DECEMBER 1, NOYAN TAPAN. The tariffs of services rose by 1.5% in Armenia in November on October 2008. According to the RA National Statistical Service,
YEREVAN, DECEMBER 1, NOYAN TAPAN. Industrial production of 639 bln 445.2 mln drams or 2 bln 91 mln USD was made in Armenia in January-October 2008.
YEREVAN, DECEMBER 1, NOYAN TAPAN. Comsumer prices in Armenia and the settlement exchange rate of the Armenian dram against the U.S. dollar increased by 5.1% and
YEREVAN, DECEMBER 1, NOYAN TAPAN. A 0.1% fall in prices of food commodities was recorded in Armenia in November on October 2008, which was mainly conditioned
YEREVAN, DECEMBER 1, NOYAN TAPAN. Gasoline prices fell by 2.1%, while diesel fuel prices grew by 11.4% in Armenia in November 2008 on November 2007.
YEREVAN, DECEMBER 1, NOYAN TAPAN. 1.7% fall in prices of non-food commodities was recorded in Armenia in November on October 2008, on which the fall of
YEREVAN, NOVEMBER 28, NOYAN TAPAN. The management of Lycos Europe company, an international leader of Internet technologies, has made a decison to close its Armenian subsidiary -
YEREVAN, NOVEMBER 28, NOYAN TAPAN. According to the Armenian Prime Minister Tigran Sargsyan, in conditions of the global financial and economic crisis, the Armenian government has chosen
YEREVAN, NOVEMBER 27, NOYAN TAPAN. At the November 27 special session, the RA National Assembly passed the draft law on the 2009 state budget with 81
YEREVAN, NOVEMBER 27, NOYAN TAPAN. At the November 27 sitting, the Armenian government approved the concept of creating a free economic zone in the area adjacent
YEREVAN, NOVEMBER 27, NOYAN TAPAN. "Mikacement" Plant will be reconstructed, the plant's owner Mikhail Baghdasarov said at the November 27 press conference. He confirmed that he
YEREVAN, NOVEMBER 27, NOYAN TAPAN. As a result of discussion of the 2009 draft state budget, the government has received 534 proposals from the National Assembly
YEREVAN, NOVEMBER 27, NOYAN TAPAN. The impact of the global crisis will be perceived in Armenia in the spring of 2009. Mikhail Baghdasarov, one of the
YEREVAN, NOVEMBER 26, NOYAN TAPAN. The series of measures to counteract the economic crisis, which were presented by the prime minister Tigran Sargsyan, do not contain
YEREVAN, NOVEMBER 26, NOYAN TAPAN. The RA Minister of Finance Tigran Davtian and the Head of the World Bank Yerevan Office Aristomene Varudakis signed the World
YEREVAN, NOVEMBER 26, NOYAN TAPAN. With the aim of reducing the impact of the global financial crisis on Armenia's economy, a council to propose solutions to
YEREVAN, NOVEMBER 26, NOYAN TAPAN. The draft state budget is in need of serious recalculation because when submitting the draft to the National Assembly, the government
YEREVAN, NOVEMBER 26, NOYAN TAPAN. By the results of the monitoring by the RA Ministry of Economy, the production volumes of Armenian industrial enterprises declined in
YEREVAN, NOVEMBER 25, NOYAN TAPAN. On the initiative of the Democratic Party of Armenia (DPA), a round table on the subject "The Global Economic Crisis and
YEREVAN, NOVEMBER 25, NOYAN TAPAN. A food pecticide checking laboratory opened at the Republican Veterinary Diagnostic Center on November 25 with the financing of Hellinic Aid Unit
YEREVAN, NOVEMBER 25, NOYAN TAPAN. An agreement on provision of a 10 million dollar credit to Converse Bank by the European Bank for Reconstruction and Development
YEREVAN, NOVEMBER 24, NOYAN TAPAN. Although Armenia is in worse conditions as compared with its neighbors, in recent years the country has achieved high indices of
YEREVAN, NOVEMBER 24, NOYAN TAPAN. In November 1993 when the decision on putting the national currency - the Armenian dram into circulation was published, Armenia was
YEREVAN, NOVEMBER 24, NOYAN TAPAN. The absence of a liberalized economy and the existence of a monopolized economy in Armenia bear evidence of the fact that,
YEREVAN, NOVEMBER 21, NOYAN TAPAN. According to international experts, despite the global financial crisis, the amount of investments in the IT sector is growing. The investments attracted
YEREVAN, NOVEMBER 21, NOYAN TAPAN. At the November 20 sitting, the Armenian government approved the project for financing the credit program on development of small and
YEREVAN, NOVEMBER 21, NOYAN TAPAN. Armenian GDP grew by 9.2% in January-October 2008 on the same period of last year and made 3 trillion 10 billion
YEREVAN, NOVEMBER 21, NOYAN TAPAN. A delegation headed by the Deputy Managing Director of the International Monetary Fund Murilo Portugal is in Yerevan with the aim
YEREVAN, NOVEMBER 20, NOYAN TAPAN. The Armenian government attaches importance to the outside world's opinions about economic developments in the country. The annual reports "Economic Developments in
YEREVAN, NOVEMBER 19, NOYAN TAPAN. "Business Today" economic information portal of "Noyan Tapan" Information and Analytical Center has been launched. It will provide exact economic information about
YEREVAN, NOVEMBER 19, NOYAN TAPAN. The RA Public Services Regulatory Commission has granted the final licence of the third operator of mobile communication to France Telecom
YEREVAN, NOVEMBER 19, NOYAN TAPAN. The Executive Board of the International Monetary Fund (IMF) approved the release of a 3-year credit of SDR 9.2 million (about
YEREVAN, NOVEMBER 19, NOYAN TAPAN. MAP company (Armavir marz) has produced 3.5 million bottles of brandy and a million bottles of wines since early 2008. NT
YEREVAN, NOVEMBER 19, NOYAN TAPAN. With the foundation of the Yerevan Office of the Asian Development Bank (ADB), a new page opens in cooperation between the
YEREVAN, NOVEMBER 19, NOYAN TAPAN. The Armenian government has made a political decision that the construction of an Armenia-Iran railway is necessary for Armenia, and the
YEREVAN, NOVEMBER 19, NOYAN TAPAN. During the November 18 meeting with the Armenian Prime Minister Tigran Sargsyan, the President of the Asian Development bank (ADB) Haruhiko
YEREVAN, NOVEMBER 18, NOYAN TAPAN. At the special sitting on November 18, the RA State Commission for Protection of Economic Competition discussed the issue of concentration
YEREVAN, NOVEMBER 18, NOYAN TAPAN. At the stated time the RA National Assembly Staff submitted to the government about 70 packages of written proposals of the
YEREVAN, NOVEMBER 18, NOYAN TAPAN. The Armenian government's program on measures to confront the global financial crisis was recently presented at the National Assembly. The program underlines
YEREVAN, NOVEMBER 18, NOYAN TAPAN. During the meeting of the Armenian President Serzh Sargsyan and the delegation headed by the President of the General Council of
YEREVAN, NOVEMBER 18, NOYAN TAPAN. The opportunities for localization of the economic model of Vendee region (France) in Armenian economy were discussed at the November 17
YEREVAN, NOVEMBER 13, NOYAN TAPAN. At the November 13 special session, the RA National Assembly completed the regular stage of discussing the 2009 draft state budget.
YEREVAN, NOVEMBER 13, NOYAN TAPAN. No reduction of the staff is expected at the mining enterprises in the cities of Kapan, Kajaran and Agarak in Syunik
YEREVAN, NOVEMBER 13, NOYAN TAPAN. The RA National Assembly on November 13 continued the discussion of the 2009 draft state budget, but the parliament failed to
YEREVAN, NOVEMBER 13, NOYAN TAPAN. The start of the work of the newly-created "Gegamet" Armenian-Russian-British mining enterprise will be marked by a 25 million dollar investment project
YEREVAN, NOVEMBER 12, NOYAN TAPAN. At the November 12 sitting, the RA State Commission for Protection of Economic Competition allowed the European Bank for Reconstruction and Development
YEREVAN, NOVEMBER 12, NOYAN TAPAN. In order to prevent the Armenian economy from being affected by the international financial crisis, the government considers it preferable to adopt
YEREVAN, NOVEMBER 12, NOYAN TAPAN. The measures taken in cooperation with the Central Bank of Armenia allowed the government to confront the first wave of the
YEREVAN, NOVEMBER 12, NOYAN TAPAN. At the November 12 plenary sitting, the RA National Assembly started discussion of the draft law on the 2009 state budget.
YEREVAN, NOVEMBER 12, NOYAN TAPAN. Armenia as a state should do its best in order to help domestic producers with selling their foodstuffs in various corners
YEREVAN, NOVEMBER 12, NOYAN TAPAN. 17 pharmaceutical companies currently operate in Armenia. According to "The Investment Manual of Armenia's Pharmaceutical Sector" (September, 2008), there are 6 major
YEREVAN, NOVEMBER 12, NOYAN TAPAN. A conference on development of Armenia's pharmaceutical industry started its work in Yerevan on November 12. Issues related to the main principles
YEREVAN, NOVEMBER 12, NOYAN TAPAN. Ardshininvestbank CJSC has implemented the first issue of nominal coupon bonds. NT was informed by the bank's spokeswoman Astghik Martirosian that 150
YEREVAN, NOVEMBER 12, NOYAN TAPAN. In January-September 2008, the foreign trade of Armenia made 1 trillion 210.1 billion drams or 3 bln 959.1 mln USD, including
YEREVAN, NOVEMBER 11, NOYAN TAPAN. The chairmen of the Union of Manufacturers and Businessmen of Armenia (UMBA) and the Union of Manufacturers of Turkey are now
YEREVAN, NOVEMBER 11, NOYAN TAPAN. The 8th international exhibition "Armprodexpo" opened in Yerevan on November 11. It displays production of more than 60 local and foreign
YEREVAN, NOVEMBER 11, NOYAN TAPAN. The 6th international economic forum "Kamurj 2009" ("Bridge 2009") will be held in Tsakhkadzor on February 20-23, 2009. The delegations of
YEREVAN, NOVEMBER 11, NOYAN TAPAN. Some companies of Canada and Singapore take interest in biomatsuns (matsun is sour clotted milk) obtained by the Armenian Republican Center
YEREVAN, NOVEMBER 11, NOYAN TAPAN. A group of scientists of the Institute of Mathematics of the RA National Academy of Sciences (NAS) together with experts of
YEREVAN, NOVEMBER 10, NOYAN TAPAN. A regular 4-day session of the RA National Assembly started on November 10. There are 44 issues and 4 international agreements
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The Chairman of the Central Bank of Armenia (CBA) Arthur Javadian has been elected the Chairman of the Council of the
YEREVAN, NOVEMBER 7, NOYAN TAPAN. Starting from January 2009, Armenian tour packages will be sold via Uzbekistan-based Silk Road website (OrexCA.com). Silk Road website is the
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The 8th annual international tourism exhibition "Country of Talking Stones" CTS - 2008 opened in the lobby of the Moscow Cinema
YEREVAN, NOVEMBER 7, NOYAN TAPAN. A meeting with representatives of the following companies: Manana Grain, Salex Group, Mancho Group and Victoria Trade engaged in the supply
YEREVAN, NOVEMBER 6, NOYAN TAPAN. Starting from next year, the state duty charged for departure of natural persons from Armenia by air transport (the air tax)
YEREVAN, NOVEMBER 6, NOYAN TAPAN. At the November 6 sitting of the Armenian government, the prime minister Tigran Sargsian instructed all the departments to cooperate with
YEREVAN, NOVEMBER 6, NOYAN TAPAN. The continuity of money inflow from abroad to the Armenian banking system under conditions of the international financial crisis is conditioned by
YEREVAN, NOVEMBER 6, NOYAN TAPAN. An agreement on provision of a 18 million dollar syndicated credit was signed between the European Bank for Reconstruction and Development
YEREVAN, NOVEMBER 5, NOYAN TAPAN. About 98.4% of funds allocated for the 2003-2007 measures on implementation of the Complex Program of Development of the Border Regions
YEREVAN, NOVEMBER 4, NOYAN TAPAN. In January-September 2008, the volume of goods transportation by general use transport declined by 9.9% in Armenia on the same months
YEREVAN, NOVEMBER 4, NOYAN TAPAN. Credit Agricole banking group (France), one of the world's biggest banks, has provided a 42 million dollar credit to ACBA-Credit Agricole
YEREVAN, NOVEMBER 4, NOYAN TAPAN. At the November 4 sitting, the Board of the Central Bank of Armenia (CBA) left the refinancing rate unchanged, fixing it
YEREVAN, NOVEMBER 4, NOYAN TAPAN. By data of the State Register of Legal Entities and Private Businessmen of the RA Ministry of Justice, 2,798 commercial legal
YEREVAN, NOVEMBER 4, NOYAN TAPAN. Construction work of 604 bln 295.4 mln drams (about 1 bln 976 mln USD), including building and assembly work of 545
YEREVAN, NOVEMBER 4, NOYAN TAPAN. As of September 30, 2008, the monetary base made 438 bln 347 mln drams (about 1 bln 423 mln USD) in
YEREVAN, NOVEMBER 3, NOYAN TAPAN. A working meeting on reforms in the sector of articles made of precious metals took place at the RA ministry of
YEREVAN, NOVEMBER 3, NOYAN TAPAN. In January-September 2008, trade turnover made 1 trillion 127 billion 279.3 million drams (about 3 bln 686.1 mln USD) in current
YEREVAN, NOVEMBER 3, NOYAN TAPAN. Industrial production of 570 bln 232.2 mln drams (1 bln 864.6 mln USD) in current prices was made in Armenia in
YEREVAN, NOVEMBER 3, NOYAN TAPAN. 0.2% fall in tariffs of services was recorded in Armenia in October on September 2008, mainly due to a 2.2% fall
YEREVAN, NOVEMBER 3, NOYAN TAPAN. Gasoline and diesel fuel prices fell by 6.1% and 7.5% respectively in Armenia in October on September 2008.
YEREVAN, NOVEMBER 3, NOYAN TAPAN. The consumer prices in Armenia and the settlement exchange rate of the Armenian dram against the US dollar increased by 4.9%
YEREVAN, NOVEMBER 3, NOYAN TAPAN. There was a 0.8% price fall in Armenia's non-food commodity market in October on September 2008, on which the fall in
YEREVAN, NOVEMBER 3, NOYAN TAPAN. An agreement on the European Bank for Reconstruction and Development - EBRD's stake of 25%+1 shares in the authorized capital of
YEREVAN, NOVEMBER 3, NOYAN TAPAN. By the 2009 draft state budget of the RA, the total amount of revenues, including official transfers, are programmed to amount
YEREVAN, OCTOBER 31, NOYAN TAPAN. By the 2009 draft state budget, 30 bln drams will be allocated to the urban development sector, with most of the
YEREVAN, OCTOBER 31, NOYAN TAPAN. The 2009 draft state budget envisages allocating 15.97 bln drams to the ministry of transport and communication. The minister Gurgen Sargsyan
YEREVAN, OCTOBER 31, NOYAN TAPAN. The 2009 draft state budget envisages allocating 417 mln drams to the RA Public Services Regulatory Commission - against 403 mln
YEREVAN, OCTOBER 31, NOYAN TAPAN. The World Bank's Board of Directors made a decision to provide a 20 million dollar credit for additional financing of the
YEREVAN, OCTOBER 30, NOYAN TAPAN. During 8 months of its activities, Armenia-based ProCredit Bank (www.procreditbank.am) has formed a credit portfolio of 24 million USD and a
YEREVAN, OCTOBER 30, NOYAN TAPAN. ProCredit Bank marked International Savings Day for the first time in Armenia. The bank organized a number of educational events
YEREVAN, OCTOBER 30, NOYAN TAPAN. The 2009 draft state budget of the RA envisages payments of 1.4 billion drams for Armenia's membership of international organizations. For
YEREVAN, OCTOBER 30, NOYAN TAPAN. By the 2009 draft state budget, the financing of expenditures of the RA Ministry of Foreign Affairs will grow by 858
YEREVAN, OCTOBER 30, NOYAN TAPAN. At the October 30 sitting, the Armenian government approved the Program of Sustainable Development of the Country. Accoridng to the RA Minister
YEREVAN, OCTOBER 30, NOYAN TAPAN. Although the RA Ombudsman submitted a bid to increase allocations to his office by 50-60 mln drams with the aim of
YEREVAN, OCTOBER 29, NOYAN TAPAN. The 2009 draft state budget envisages about 291 mln drams for the maintenance of the newly-created Ministry of the Diaspora, and
YEREVAN, OCTOBER 29, NOYAN TAPAN. By the 2009 draft state budget, allocations to the sphere of recreation, culture and religion (without the central staff of state
YEREVAN, OCTOBER 29, NOYAN TAPAN. By the 2009 draft state budget, expenditures of the National Commission on Television and Radio will make about 95.7 mln drams,
YEREVAN, OCTOBER 29, NOYAN TAPAN. An agreement on cooperation was signed on October 29 between the Union of Manufacturers and Businessmen of Armenia (UMBA) and the Information
YEREVAN, OCTOBER 29, NOYAN TAPAN. The amount of state budgetary allocations for the health sector in 2009 will grow by 22% as compared with 2008 and
YEREVAN, OCTOBER 29, NOYAN TAPAN. By results of daily monitoring by the RA State Commission for Protection of Economic Competition, a fall in prices of some
YEREVAN, OCTOBER 29, NOYAN TAPAN. It is envisaged passing Armcarstation CJSC, which includes all the car stations, car parks and route regulation points in Armenia, to
YEREVAN, OCTOBER 29, NOYAN TAPAN. In the first nine months of 2008, the Transport Inspection of the RA Ministry of Transport and Communication drew up 751
YEREVAN, OCTOBER 28, NOYAN TAPAN. The management of "Bjni" mineral waters plant owned by the family of Khachatur Sukiasian, a National Assembly deputy who is wanted
MOSCOW, OCTOBER 28, NOYAN TAPAN. Vimpelcom OJSC has acquired 49.9% of the shares of Morefront Holdings Ltd. - the owner of 100% of Euroset group's shares
YEREVAN, OCTOBER 27, NOYAN TAPAN. By the 2009 draft state budget, the total amount of financial equalization subsidies to communities, including the compensation sums to communities under
YEREVAN, OCTOBER 27, NOYAN TAPAN. In 2008 the RA ministry of finance made an assessment of financial management of the state government system by 28 internationally
YEREVAN, OCTOBER 27, NOYAN TAPAN. According to the draft law on the 2009 state budget, it is envisaged allocating 52 bln 194.7 mln drams (about 1
YEREVAN, OCTPOBER 27, NOYAN TAPAN. Since early 2008, ArmRusgazprom CJSC has implemented a program on repairs and re-laying of the old gas pipelines as well as
YEREVAN, OCTOBER 24, NOYAN TAPAN. Cooperation in the energy sector is important from the economic point of view both for Russia and Armenia. Abel Aghanbegian, economist,
YEREVAN, OCTOBER 24, NOYAN TAPAN. The main goal of constructing an Armenia-Iran railway is to ensure transportation of goods, Abel Aghanbegian, economist, Academician of the RF Academy
YEREVAN, OCTOBER 24, NOYAN TAPAN. The European Union is launching an important project aimed at performing a feasibility study of the operating railway between Tbilisi
YEREVAN, OCTOBER 24, NOYAN TAPAN. In 2009, the state debt of Armenia is forecast to amount to 2.2 billion USD which will make up 16.1% of
YEREVAN, OCTOBER 24, NOYAN TAPAN. There was a decline in financial and economic indices of Armeconombank from the beginning of 2008 to April 1st, after which
YEREVAN, OCTOBER 24, NOYAN TAPAN. An agreement on opening a call center was signed between Armeconombank and ArmenTel company of VimpelCom group of telecommunication companies on October
YEREVAN, OCTOBER 23, NOYAN TAPAN. The international financial crisis has mutually exclusive impacts on Armenia's economy: on the one hand in case of a correct economic
YEREVAN, OCTOBER 23, NOYAN TAPAN. By the bill on the 2009 state budget, the budgetary revenues will make 905 billion drams (over 2 bln 938 mln
YEREVAN, OCTOBER 23, NOYAN TAPAN. The international financial crisis has not yet affected the Armenian economy but there will be some impact, member of the parliamentary "Prosperous
YEREVAN, OCTOBER 23, NOYAN TAPAN. The U.S. will provide financial and technical assistance to Armenia whose direct and indirect losses amounted to 670 million dollars as
YEREVAN, OCTOBER 23, NOYAN TAPAN. The RA National Assembly on October 23 passed in first reading the draft law on defence, and made amendments and additions,
YEREVAN, OCTOBER 22, NOYAN TAPAN. The main cause of the international financial crisis is the mutual distrust of financial market participants and the expectations of negative developments,
YEREVAN, OCTOBER 22, NOYAN TAPAN. At the October 21 sitting, the Board of the Central Bank of Armenia (CBA) approved the estimate of CBA's expenditures for
YEREVAN, OCTOBER 22, NOYAN TAPAN. Armenia will not be free from the impact of the international financial crisis but the impact will be small as compared
YEREVAN, OCTOBER 22, NOYAN TAPAN. There is no social mechanism for control of state budgetary expenditures in Armenia, the director of Politeconom research institute, economist Andranik Tevanian
YEREVAN, OCTOBER 22, NOYAN TAPAN. The international financial crisis has not yet affected the Armenian economy because the country's economy is not integrated into international market. The
YEREVAN, OCTOBER 22, NOYAN TAPAN. Komstar-OTS OJSC (Russia) and its Armenian subsidiary Cornet-AM company have launched a WiMAX network of 24 base stations that covers Yerevan
YEREVAN, OCTOBER 21, NOYAN TAPAN. The construction of over 100-km Armenian section of Armenia-Iran fiber-optic communication line has been completed by an international consortium. Victor Koresh, the
YEREVAN, OCTOBER 21, NOYAN TAPAN. Mass production of 9 mkm thin foil has been launched at Armenal foil rolling plant. The share of thin foil in
YEREVAN, OCTOBER 21, NOYAN TAPAN. The Armenian government has reached an agreement with the Asian Bank on allocation of 1.5 million dollars for the development of
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