YEREVAN, MARCH 6, NOYAN TAPAN. The consequences of the global financial and economic crisis will become visible in Armenia in the autumn, while the spring of
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
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
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
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
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
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,
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
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
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
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
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
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
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,
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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.
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
YEREVAN, FEBRUARY 24, NOYAN TAPAN. The National Assembly of Armenia on February 24 ratified three international agreements discussed the day before: -
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
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
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
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
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,
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
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
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
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
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
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
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
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
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)
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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,
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
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
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
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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,
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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).
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).
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
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
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
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
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
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
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
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
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
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
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%
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
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
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.
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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+
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
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
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
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
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
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,
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
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
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,
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
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
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
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
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
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
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