YEREVAN, FEBRUARY 13, NOYAN TAPAN. The RA minister of transport and communication Andranik Manukian and the chairman of Russian Railways CJSC Vladimir Yakunin on February 13
YEREVAN, FEBRUARY 13, NOYAN TAPAN. At the February 13 sitting, the Armenian government approved the bill on consumer crediting, the bill on conciliator in the financial
YEREVAN, FEBRUARY 13, NOYAN TAPAN. At the February 13 sitting, the Armenian government approved the tourism development concept. The concept was developed by the USAID-financed Competetive Armenian
YEREVAN, FEBRUARY 13, NOYAN TAPAN. The government's programs are reflected in the pre-election program of the Armenian prime minister, candidate for RA presidency Serge Sargsian and these
YEREVAN, FEBRUARY 13, NOYAN TAPAN. The purchase and sale prices of gold and silver, which were established for February 11-17 by the agency "State Treasury of
YEREVAN, FEBRUARY 12, NOYAN TAPAN. By the February 12 decision of the Central Bank of Armenia (CBA) Board, Alpha Insurance CJSC was registered and granted a
YEREVAN, FEBRUARY 12, NOYAN TAPAN. The Black Sea Trade and Development Bank (BSTDB) has provided a 5 million dollar credit to Armeconombank. The credit agreement was
YEREVAN, FEBRUARY 12, NOYAN TAPAN. Serious work is being done in Armenia with the aim of founding Post Bank, and an agreement on its joint creation
YEREVAN, FEBRUARY 12, NOYAN TAPAN. At the February 12 sitting, the Central Bank of Armenia (CBA) Board made a decision not to object to listing of
YEREVAN, FEBRUARY 12, NOYAN TAPAN. The annual value of food basket, by composition, structure and food value determined by the RA ministry of health, made 277,718
YEREVAN, FEBRUARY 12, NOYAN TAPAN. Armenian experts attach importance to creation of a common exonomic zone between Armenia and Georgia with the aim of promoting economic
YEREVAN, FEBRUARY 11, NOYAN TAPAN. 510,287 tourists visited Armenia in 2007 - against 382,240 in 2006, with the growth in their number making 33.5%.
YEREVAN, FEBRUARY 11, NOYAN TAPAN. The debts on salaries and benefits of former employees of the wound-up "Armenian Airways" airline were fully paid. NT correspondent was
YEREVAN, FEBRUARY 11, NOYAN TAPAN. ABB company (Sweden) and Eltel Networks (Finland) will install Scada system in 14 22-kilovolt substations and 12 generating stations of Armenia within
YEREVAN, FEBRUARY 11, NOYAN TAPAN. The mayor of Yerevan Yervand Zakharian considered as irresponsible the RA presidential candidate Artur Baghdasarian's recent statement that the prices of lands
YEREVAN, FEBRUARY 11, NOYAN TAPAN. The programs on socioeconomic development of Yerevan in 2008-2012 will be soon submitted to the Armenian government for approval, the mayor
YEREVAN, FEBRUARY 11, NOYAN TAPAN. A program on restoration-recognition of citizens' rights of real estate ownership is being implemented in Yerevan. The mayor of Yerevan Yervand Zakarian
YEREVAN, FEBRUARY 11, NOYAN TAPAN. The gross agricultural output of Armenia made 633.9 bln drams (about 2 bln USD) in 2007, exceeding the 2006 index by
YEREVAN, FEBRUARY 11, NOYAN TAPAN. A cooperation agreement was signed recently between the Financial Monitoring Center of the Central Bank of Armenia (CBA) and the Financial
YEREVAN, FEBRUARY 8, NOYAN TAPAN. The foreign trade of Armenia amounted to 1 trillion 506.5 billion drams or 4 bln 439.2 mln USD in current prices
YEREVAN, FEBRUARY 8, NOYAN TAPAN. Out of budgetary expenditures of 565 bln 854.9 mln drams (about 1 bln 654.2 mln USD), 95 bln 819.3 mln drams
YEREVAN, FEBRUARY 8, NOYAN TAPAN. The Armeian Hotel Association (AHA) was founded in 2006. 15 hotels are members of the AHA that will implement a retraining
YEREVAN, FEBRUARY 7, NOYAN TAPAN. This year the Armenian government will allocate 479 mln 548 thousand drams from its reserve fund to the ministry of agriculture
YEREVAN, FEBRUARY 7, NOYAN TAPAN. At the February 7 sitting, the Armenian government approved the draft concession agreement between the Republic of Armenia (concedent), Russian Railways OJSC
YEREVAN, FEBRUARY 7, NOYAN TAPAN. At the February 7 sitting, the Armenian government approved the order of state assistance to agricultural land users. The order was
YEREVAN, FEBRUARY 7, NOYAN TAPAN. At the February 7 sitting, the Armenian government approved the bill on circulation of credit information and activities of credit bureaus, whose
YEREVAN, FEBRUARY 7, NOYAN TAPAN. The negotiations conducted during the visit of the head of the Russian government to Armenia "passed in conditions of complete mutual understanding",
YEREVAN, FEBRUARY 7, NOYAN TAPAN. A new concept of Armenia's IT sector is being developed by the RA ministry of trade and economic development jointly with
YEREVAN, FEBRUARY 7, NOYAN TAPAN. The Union of Information Technology Enterprises of Armenia (UITE) has offered Tony Moroyan - the organizer of Armtech congress, chairman of Viasphere
YEREVAN, FEBRUARY 6, NOYAN TAPAN. The agency "State Treasury of Precious Metals and Stones" of the RA ministry of finance and economy established higher prices for
YEREVAN, FEBRUARY 6, NOYAN TAPAN. Commodity turnover between Armenia and Russia currently makes 700 mln dollars, even though there is an opportunity to increase this index
YEREVAN, FEBRUARY 6, NOYAN TAPAN. There was 2.4% and 0.9% growth in consumer prices and the exchange rate of the Armenian dram against the U.S. dollar
YEREVAN, FEBRUARY 6, NOYAN TAPAN. The results of KfW bank-financed programs implemented in Armenia and the opportunities for developing the cooperation were discussed at the February 4
YEREVAN, FEBRUARY 6, NOYAN TAPAN. The Armenian bank of ProCredit bank group (Germany) - the 22nd one across the world - opened in Yerevan on February
YEREVAN, FEBRUARY 5, NOYAN TAPAN. Ukrferry company (Ukraine) envisages to implement container ship transportation as well in Ilyichevsk-Poti direction. The chairman of the Union of Manufacturers and
YEREVAN, FEBRUARY 5, NOYAN TAPAN. The RA National Assembly on February 5 approved the 2008 action plan of the RA Control Chamber (CC). The chairman of
YEREVAN, FEBRUARY 5, NOYAN TAPAN. At the February 5 sitting, the RA National Assembly took notice of the 2008 program of monetary and credit policy of
YEREVAN, FEBRUARY 5, NOYAN TAPAN. Food prices rose by 4.4% in Armenia in January 2008 on December 2007, which is by 0.6% lower than the respective
YEREVAN, FEBRUARY 5, NOYAN TAPAN. The Central Bank of Armenia (CBA) has put into circulation the "Aries" silver commemorative coin with a depiction of the Aries
YEREVAN, FEBRUARY 4, NOYAN TAPAN. 0.2% growth of tariffs was registered in Armenian market of services in January 2008 on December 2007, which was mainly due
YEREVAN, FEBRUARY 4, NOYAN TAPAN. The price of gasoline grew by 0.1%, that of diesel fuel - by 0.6% in Armenia in January 2008 on December
YEREVAN, FEBRUARY 4, NOYAN TAPAN. 0.5% inflation was registered in the non-food commodity market of Armenia in January 2008 on December 2007, which was mainly conditioned
YEREVAN, FEBRUARY 4, NOYAN TAPAN. HayPost will invest about 3 million dollars in order to update the postal system - against 1 million dollars last year.
YEREVAN, FEBRUARY 4, NOYAN TAPAN. At the sitting held on February 4, 2008, the Central Bank of Armenia (CBA) Board raised the CBA's refinancing rate by
STEPANAKERT, FEBRUARY 4, NOYAN TAPAN. The president of the Nagorno Karabakh Republic Bako Sahakian on February 2 received the head of the State Tax Service of
YEREVAN, FEBRUARY 2, NOYAN TAPAN. According to the State Register of Legal Entities and Private Businessmen of the RA Ministry of Justice, 3,822 commercial legal entities
YEREVAN, FEBRUARY 1, NOYAN TAPAN. The first sitting of the National Competitiveness Council was conducted by the council's chairman, the RA prime minister Serge Sargsian on
YEREVAN, FEBRUARY 1, NOYAN TAPAN. On February 7, 2008, the RA ministry of finance and economy will issue for the first time milestone coupon bonds with
YEREVAN, FEBRUARY 1, NOYAN TAPAN. 21 credit organizations operated in Armenia as of December 31, 2007. According to data of the Central Bank of Armenia (CBA),
YEREVAN, FEBRUARY 1, NOYAN TAPAN. Industrial production of 716 bln 54.5 mln drams (over 2 bln 96.2 mln USD) in current prices was made in Armenia
YEREVAN, FEBRUARY 1, NOYAN TAPAN. Construction of 667 bln 334.7 mln drams (over 1 bln 950.8 mln USD), including construction of production facilities of 224 bln
YEREVAN, JANUARY 31, NOYAN TAPAN. The trade turnover amounted to 1 trillion 421 billion 799.9 million drams (over 4 bln 156.3 mln USD) in current prices
YEREVAN, JANUARY 31, NOYAN TAPAN. In 2007, the monetary incomes of the Armenian population made 2 trillion 125 bln 415.7 mln drams (over 6 bln 213.2
YEREVAN, JANUARY 31, NOYAN TAPAN. As of December 31, 2007, the monetary base made 427 bln 118 mln drams (about 1 bln 248.6 mln USD) in
YEREVAN, JANUARY 31, NOYAN TAPAN. HayPost company's repaired post-office No 19 at 23 Baghramian Street (Yerevan) will re-open on February 4. NT was informed by the
YEREVAN, JANUARY 31, NOYAN TAPAN. 2.4% inflation was registered in the Armenian consumer market in January 2008 on December 2007. Accoridng to the RA National Statistical
YEREVAN, JANUARY 31, NOYAN TAPAN. At the January 31 sitting, the Armenian government discussed the state property privatization program's results in the 4th quarter of 2007.
YEREVAN, JANUARY 31, NOYAN TAPAN. At the January 31 sitting, the Armenian government approved the bill on internal audit and the bill on the treasury system.
YEREVAN, JANUARY 31, NOYAN TAPAN. The Armenian president Robert Kocharian on January 31 received Serge Tchuruk, the chairman of Alcatel-Lucent company - one of the world
YEREVAN, JANUARY 31, NOYAN TAPAN. As of December 31, 2007, 22 commercial banks with 347 branches operated in Armenia. According to data of the Central Bank
YEREVAN, JANUARY 30, NOYAN TAPAN. According to Dr. Tatul Manaserian, the degree and dependence of integration into the world economy is conditioned by how well-established the
YEREVAN, JANUARY 30, NOYAN TAPAN. The recent crisis in the U.S. mortgage market cannot have any impact on Armenia's economic system, economist Eduard Aghajanov expressed an
YEREVAN, JANUARY 30, NOYAN TAPAN. 71 accredited experimental laboratories and 23 certification bodies, including 14 production certification bodies and 6 service certification bodies, currently function in Armenia.
YEREVAN, JANUARY 30, NOYAN TAPAN. According to the RA ministry of trade and economic development, more than 480 thousand international tourists visited Armenia in 2007 against the
YEREVAN, JANUARY 30, NOYAN TAPAN. ArmenTel company intends to introduce a new payment system in late January, which will allow subscribers of the postpaid mobile communication
YEREVAN, JANUARY 29, NOYAN TAPAN. The main obstacles to development of Armenia's fine organic chemistry is the low level of services provided to foreign customers at
YEREVAN, JANUARY 29, NOYAN TAPAN. At the January 29 sitting, the Central Bank of Armenia (CBA) Board registered the amendment made in the rules of Central
YEREVAN, JANUARY 29, NOYAN TAPAN. 28 national standards in line with international and European standards were developed and put in use by the National Institute of
YEREVAN, JANUARY 29, NOYAN TAPAN. Bids for 122 inventions and 16 utility models, including 132 bids by Armenian citizens and 6 bids by foreign ones, were
YEREVAN, JANUARY 28, NOYAN TAPAN. The international market of pharmaceutical production is divided among several powerful companies, and in order to enter this market, Armenian companies should
YEREVAN, JANUARY 25, NOYAN TAPAN. Russian Gazprombank, the owner of 80% of shares of Areximbank (Armenia), plans to increase Areximbank's capital by tens of millions of
YEREVAN, JANUARY 25, NOYAN TAPAN. Ararat Gold Recovery Company (AGRC) has paid back about 1.5 billion drams to the RA state budget, NT correspondent was informed
YEREVAN, JANUARY 25, NOYAN TAPAN. At the January 25 sitting, the Armenian government approved the bill on making additions to the RA Law on State Registration
YEREVAN, JANUARY 25, NOYAN TAPAN. Gazprombank faces serious competition in Armenia: the country's banking system is developing rapidly, in 2007 alone, branches of five foreign banks started
YEREVAN, JANUARY 25, NOYAN TAPAN. There were no notable changes in the number of real estate transactions in Armenia during the 2007 parliamentary elections. The head
YEREVAN, JANUARY 25, NOYAN TAPAN. The entrance of Gazprombank, which has a leading position in the Russian banking system, into the financial market of Armenia will
YEREVAN, JANUARY 25, NOYAN TAPAN. "Protection of Consumer Rights" NGO (PCR) in December 2007 presented the problems raised by the NGO to all the candidates for
YEREVAN, JANUARY 25, NOYAN TAPAN. The Armenian minister of environmental protection Aram Harutyunian recently met with the director general of Ararat Gold Recovery Company (AGRC) Dimitry Kalandadze
YEREVAN, JANUARY 25, NOYAN TAPAN. The RA state budgetary expenditures grew 2.7fold in 2007 on 2000, 1.9fold on 2003 and made 611.2 bln drams (about 1
YEREVAn, JANUARY 24, NOYAN TAPAN. In 2007, the program of the RA consolidated budget's revenues was overfulfilled by 16.4% and made 702 bln drams, while their
YEREVAN, JANUARY 24, NOYAN TAPAN. Interest rates of Armenian commercial banks delclined from 27.4% to 16.45% in 2007 as compared with 2001. The decline in interest
YEREVAN, JANUARY 24, NOYAN TAPAN. The anticipated economic recession in the U.S. will have some impact on the Armenian economy as well, the director of the
YEREVAN, JANUARY 24, NOYAN TAPAN. Since the time of ArmRusgazprom's bonds being listed on the Armenian Stock Exchange in September 2007, trade in these bonds has
YEREVAN, JANUARY 24, NOYAN TAPAN. The main economic indices of Armenia in 2007 show that the country's economic development has stable bases, the RA minister of
YEREVAN, JANUARY 24, NOYAN TAPAN. ArmRusgazprom has initaited installation of gas-sensitive devices with the aim of increasing the safety of operation of in-house gas service systems and
YEREVAN, JANUARY 24, NOYAN TAPAN. 12 credit agreements of the total sum equivalent to over 106.6 mln USD were signed in 2007 through the RA ministry
YEREVAN, JANUARY 24, NOYAN TAPAN. Nominal GDP made 3 trillion 140.4 billion drams in Armenia in 2007. Per capita GDP made 981 thousand drams or 2,848.4
YEREVAN, JANUARY 24, NOYAN TAPAN. Last year, natural gas imports into Armenia grew by 19.7% and made 2 bln 54 mln cubic meters. NT correspondent was
YEREVAN, JANUARY 24, NOYAN TAPAN. On the initiative of the chairman of the Union of Russians of Armenia (UAR) Ara Abrahamian, a center of military nanotechnologies
YEREVAN, JANUARY 24, NOYAN TAPAN. The possible economic recession in the U.S. may result in a decline of incomes and, consequently, in remittances from this country
YEREVAN, JANUARY 24, NOYAN TAPAN. China and India are among Asian countries with a free trade regime established between them. "Our purpose is to join the
YEREVAN, JANUARY 24, NOYAN TAPAN. During a recent consultation conducted by the RA prime minister Serge Sargsian, instructions were given to work out a working program
YEREVAN, JANUARY 24, NOYAN TAPAN. No concrete schedules are given in the economic part of the pre-election programs of four candidates for the RA presidency, which
YEREVAN, JANUARY 24, NOYAN TAPAN. Consistent work has been done in Armenia for development of small and medium enterprises (SMEs), the RA minister of trade
YEREVAN, JANUARY 24, NOYAN TAPAN. The development prospects of the Armenian gem and jewelry industry are connected to cooperation with Alrosa compamy (Russia), with the focus
YEREVAN, JANUARY 23, NOYAN TAPAN. The "Hayastan" All-Armenian Fund's Rural Development Program has announced the start of the program on improvement of the veterinary service in six
YEREVAN, JANUARY 23, NOYAN TAPAN. The development of mining industry in Armenia creates an opportunity to attract investments to chemical and machine-building sectors, the RA minister of
YEREVAN, JANUARY 23, NOYAN TAPAN. Tax bodies envisage to collect 365 bln 859.9 mln drams (at the current exchange rate - about 1,19 bln USD) this
YEREVAN, JANUARY 23, NOYAN TAPAN. In 2007, 284 billion 781.5 million drams (by the average annual exchange rate, about 833 million USD) was transferred to the
YEREVAN, JANUARY 23, NOYAN TAPAN. By the programs on development of Armenia's information technologies, tourism, chemical and mining industries, the RA ministry of trade and economic development
YEREVAN, JANUARY 23, NOYAN TAPAN. The Armenian minister of trade and economic development Nerses Yeritsian considers that the data on Armenian GDP's growth published by the
YEREVAN, JANUARY 23, NOYAN TAPAN. The high economic growth in Armenia in 2007 was accompanied by macroeconomic stability. Particularly, inflation was lower than in regional countries
YEREVAN, JANUARY 23, NOYAN TAPAN. The Commissioner of the U.S. Nuclear Regulatory Commission (NRC) Dr. Peter Lyons paid a visit to Armenia on January 21-22 in
YEREVAN, JANUARY 22, NOYAN TAPAN. Boris Petrosian, a Russian-Armenian businessman, chairman of Sapphire company (Armenia) and co-founder of Mshak company intends to set up a venture fund
YEREVAn, JANUARY 22, NOYAN TAPAN. In order to develop Russian-Armenian economic relations, it is necessary to remove the current contradictions between the legislations of the two countries
YEREVAN, JANUARY 22, NOYAN TAPAN. VUJE company specialized in construction of energy facilities will build 15 small hydropowere plants in the Nagorno Karabakh Republic. The chairman of
YEREVAN, JANUARY 22, NOYAN TAPAN. It is envisaged to carry out up to 80% of cargo transportation between Armenia and Russia by Poti-port "Kavkaz" ferry link,
YEREVAN, JANUARY 22, NOYAN TAPAN. "Kamurj 2008" ("Bridge 2008") 5th international economic forum will be held in Tsakhkadzor on February 15-18. NT was informed by "Master" international
YEREVAN, JANUARY 22, NOYAN TAPAN. An agreement on cooperation was signed between the Financial Monitoring Center of the Central Bank of Armenia (CBA) and the RF
YEREVAN, JANUARY 21, NOYAN TAPAN. The Armenian government will be consistent in implementing the programs discussed at the Russian-Armenian economic forum, the RA minister of trade
YEREVAn, JANUARY 21, NOYAN TAPAN. A Russian-Armenian economic forum with the participation of about 60 Russian officials and businessmen was held at the Reception House of
YEREVAN, JANUARY 21, NOYAN TAPAN. The Armenian president Robert Kocharian on January 21 received the delegation of participnats of the Armenian-Russian economic forum held in Yerevan on
YEREVAN, JANUARY 21, NOYAN TAPAN. Issues of promotion of economic relations between the Slovak Republic and the Nagorno Karabakh Republic were discussed at the January 19
YEREVAN, JANUARY 19, NOYAN TAPAN. Issues related to Armenian banks' guarantees for commercial deals to be concluded between companies of the Slovak Republic and Armenia were discussed
YEREVAN, JANUARY 19, NOYAN TAPAN. At the invitation of the Central Bank of Armenia (CBA), the delegation of the Federal Service of Financial Monitoring of the
YEREVAN, JANUARY 18, NOYAN TAPAN. In 2007, the overall crediting by Armenian financial institutions grew by 72% compared with the 2006 index of 243 bln 413
STEPANAKERT, JANUARY 18, NOYAN TAPAN. The president of the NKR Bako Sahakian on January 17 received the honorary member of the RA National Academy of Sciences,
YEREVAN, JANUARY 18, NOYAN TAPAN. The Armenian branch of ProCredit Bank (Germany) will be opened officially on February 5, the Armenian representative of the German bank
YEREVAN, JANUARY 18, NOYAN TAPAN. Araratbank and the European Bank for Reconstruction and Development (EBRD) on January 18 signed two agreements, according to which the EBRD will
YEREVAN, JANUARY 18, NOYAN TAPAN. The Armenian representative of Kreditenschaft fur Wiederaufbau (KfW) bank (Germany) Karapet Gevorgian and the chairman of the Central Bank of Armenia (CBA)
YEREVAN, JANUARY 17, NOYAN TAPAN. At the January 17 sitting, the Armenian government approved the bill on useful models of inventions and industrial models. The head
YEREVAN, JANUARY 16, NOYAN TAPAN. The Armenian president Robert Kocharian on January 16 received the delegation headed by Vladimir Yakunin, the president of Russian Railways company
YEREVAN, JANUARY 16, NOYAN TAPAN. During the January 16 working meeting of the Armenian president Robert Kocharian and the minister of energy Armen Movsisian, the latter
YEREVAN, JANUARY 16, NOYAN TAPAN. Armenian Railway has been passed to Russian Railways company for concession management. The Russian company intends to invest about 570 million
YEREVAN, JANUARY 15, NOYAN TAPAN. The regular classification "Index of Economic Freedom" was published, according to which Armenia is again among the world's most economically free countries:
YEREVAN, JANUARY 15, NOYAN TAPAN. "Biotechnology" Scientific and Research Institute CJSC of the RA Ministry of Trade and Economic Development is participating in the grant program on
YEREVAN, JANUARY 15, NOYAN TAPAN. "Biotechnology" Scientific and Research Institute CJSC of the RA Ministry of Trade and Economic Development has started producing optically active nonprotein amino
YEREVAN, JANUARY 15, NOYAN TAPAN. According to forecasts of the Central Bank of Armenia (CBA), by the version of the unchanged level of interest rates, inflation
YEREVAN, JANUARY 14, NOYAN TAPAN. The official delegation of the Slovak Republic will come on a 3-day visit to Yerevan on January 18. The delegation is
YEREVAN, JANUARY 14, NOYAN TAPAN. The second-generation reforms of the Armenian economy will create the best conditions for business and investments, is stated in the pre-election program
YEREVAN, JANUARY 14, NOYAN TAPAN. In January-November 2007, the foreign trade of Armenia amounted to 1 trillion 352.3 billion drams or 3 bln 932.5 mln USD
YEREVAN, JANUARY 14, NOYAN TAPAN. A Russian-Armenian economic forum will be held in Yerevan on January 20-21. The Union of Armenians of Russia (UAR) and the
YEREVAN, JANUARY 14, NOYAN TAPAN. The RA ministry of finance and economy granted 6 licences for providing audit services in 2007. In the indicated period, 6
YEREVAN, JANUARY 14, NOYAN TAPAN. Abel Aghanbekian, Honorary Member of the National Academy of Sciences (NAS) of Armenia, academician of the Russian Academy of Sciences, has come
YEREVAN, JANUARY 11, NOYAN TAPAN. The Armenian legislation on rights and obligations of taxpayers and the level of tax collection are in quite good state, the
YEREVAN, JANUARY 11, NOYAN TAPAN. Araratbank has completed placement of the first issue of its shares, which started on December 17, 2007 through a direct sale
YEREVAN, JANUARY 11, NOYAN TAPAN. By data of the State Register of Legal Entities and Private Businessmen of the RA Ministry of Justice, in January-November 2007,
ROME, JANUARY 10, NOYAN TAPAN. The Armenian ambassador to Italy Ruben Shugarian and the president of the UN International Fund for Agricultural Development (IFAD) Lennard Bage
YEREVAN, JANUARY 10, NOYAN TAPAN. In late September 2007, the net investment position of the Republic of Armenia was negative by 1 bln 856.35 mln USD,
YEREVAN, JANUARY 10, NOYAN TAPAN. The revenues and official transfers of the RA state budget made 509 bln 371.8 mln drams (about 1 bln 474.2 mln
YEREVAN, JANUARY 10, NOYAN TAPAN. "Biotechnology" Scientific Research Institute CJSC of the RA Ministry of Trade and Economic Development has transferred the institute-developed technology of production of
YEREVAN, JANUARY 10, NOYAN TAPAN. In 2007, the RA State Customs Committee (SCC) ensured revenues that exceed by 350% the collection in 2000. Last year the
YEREVAN, JANUARY 10, NOYAN TAPAN. By the package of financial proposals submitted by Russian Railways company - the only candidate for concession management of Armenian Railway company,
YEREVAN, JANUARY 10, NOYAN TAPAN. The list of names of Armenia's highways was approved at the January 10 sitting of the Armenian government. The RA minister
YEREVAN, JANUARY 9, NOYAN TAPAN. "Biotechnology" Scientific Research Institute CJSC operating under the jurisdiction of the RA Ministry of Trade and Economic Development has started selling nitrogen
YEREVAN, JANUARY 9, NOYAN TAPAN. 2.8% rise in food prices in Armenia in December on November 2007 was mainly conditioned by 0.1-23.8% inflation registered in 10
YEREVAN, JANUARY 8, NOYAN TAPAN. The growth in prices of gasoline and diesel fuel made 7.7% and 11% respectively in Armenia in December 2007 on December
YEREVAN, JANUARY 8, NOYAN TAPAN. The 0.1% fall in tariffs of services provided to the Armenian population in December as compared with November 2007 was mainly
YEREVAN, JANUARY 8, NOYAN TAPAN. The 6.6% rise in consumer prices in Armenia in December 2007 on December 2006 was accompanied by a 16.7% fall in
YEREVAN, JANUARY 8, NOYAN TAPAN. 0.8% growth in Armenia's non-food commodity market was registered in December on November 2007, which was mainly affected by an increase
YEREVAN, JANUARY 8, NOYAN TAPAN. Work on reinforcement of nine 3rd-degree accident-prone apartment buildings will be done in 5 communities of Yerevan this year, the deputy
YEREVAN, JANUARY 8, NOYAN TAPAN. All reservoirs of Armenia will be repaired soon under two programs on safety of irrigation bulwarks, which are financed by the
YEREVAN, JANUARY 8, NOYAN TAPAN. Reconstruction of the reservoirs of Yerevanian Lake and Kechut has been completed. Karen Grigorian, engineer of the RA Irrigation Systems Restoration Program
YEREVAN, DECEMBER 28, NOYAN TAPAN. In January-September 2007, the deficit of the current account of Armenia's balance of payments amounted to 326.95 mln USD, growing by
YEREVAN, DECEMBER 28, NOYAN TAPAN. The gross foreign debt of the Republic of Armenia amounted to 2 bln 421.04 mln USD in late September 2007, growing
YEREVAN, DECEMBER 28, NOYAN TAPAN. Consumer prices rose by 6.6% in Armenia in December 2007 on December 2006. In the indicated period, prices of food commodities
YEREVAN, DECEMBER 28, NOYAN TAPAN. The monetary base made 374 bln 63 mln drams (over 1 bln 225 mln USD) as of November 30, 2007, growing
YEREVAN, DECEMBER 28, NOYAN TAPAN. In January-November 2007, trade turnover amounted to 1 trillion 204 billion 735.8 million drams in current prices in Armenia, growing by
YEREVAN, DECEMBER 28, NOYAN TAPAN. Since May, the Food Safety Inspection (set up in 2007) has conducted checkings of 800 economic entities, 760 of which were
YEREVAN, DECEMBER 28, NOYAN TAPAN. The year 2007 was a favorable one for the Armenian agriculture: the growth of the gross agricultural output made 9.6%, the
YEREVAN, DECEMBER 28, NOYAN TAPAN. In January-November 2007, industrial production of 644 bln 815.6 mln drams (over 1 bln 865.3 mln USD) was made in current
YEREVAN, DECEMBER 28, NOYAN TAPAN. Construction work of 565 bln 279.5 mln drams (about 1 bln 636 mln USD), including construction of production facilities of 207
YEREVAN, DECEMBER 28, NOYAN TAPAN. The real estate evaluation process has been fully completed in Armenia this year. The evaluation results showed that Armenia is quite
YEREVAN, DECEMBER 27, NOYAN TAPAN. Modernization of the Bagratashen custom point will be completed soon. According to the chairman of the RA State Customs Committee (SCC)
YEREVAN, DECEMBER 27, NOYAN TAPAN. 95% of the country's motorways of interstate importance currently meet international standards, the RA minister of transport and communication Andranik Manukian stated
YEREVAN, DECEMBER 27, NOYAN TAPAN. The third opetator in Armenia's mobile phone communication market will be known by June of next year. The RA minister of
YEREVAN, DECEMBER 27, NOYAN TAPAN. The concession manager of Armenian Railway company will be announced on January 15, 2008. Only Russian Railways company has submitted a
YEREVAN, DECEMBER 27, NOYAN TAPAN. By forecast of the Central Bank of Armenia (CBA), inflation will make no more than 7% in Armenia in 2007. The
YEREVAN, DECEMBER 26, NOYAN TAPAN. The management of Ardshininvestbank intends to start the process of reorganizing the bank from the closed joint stock company into an
YEREVAN, DECEMBER 26, NOYAN TAPAN. The credit resources of the World Bank's International Finance Corporation (IFC) are one of the cheapest credits in the region, the
YEREVAN, DECEMBER 26, NOYAN TAPAN. 254.987 million drams was transferred by tax bodies to the Armenian state budget in January-November 2007, which is more by 60.5
YEREVAN, DECEMBER 26, NOYAN TAPAN. According to the deputy chairman of the Central Bank of Armenia (CBA) Artur Javadian, the International Finance Corporation (IFC) has a
YEREVAN, DECEMBER 26, NOYAN TAPAN. The 25 million-dollar deal signed between Ardshininvestbank and the World Bank's International Finance Corporation (IFC) is an unprecedented one in the history
YEREVAN, DECEMBER 25, NOYAN TAPAN. The year 2007 that ends with a 13.6% economic growth index is one of the most successful ones. The two-digit economic
YEREVAN, DECEMBER 25, NOYAN TAPAN. The Central Bank of Armenia (CBA) has calculated the composite economic indices of the 4th quarter of 2007 as compared with
YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2007 the RA ministry of environmental protection conducted checkings at 21 woodworking workshops in Ararat, Lori and Tavush marzes, as
STEPANAKERT, DECEMBER 24, NOYAN TAPAN. A meeting of the president of the Nagorno Karabakh Republic Bako Sahakian and Russia-based Armenian businessman and benefactor, owner of Armbusinessbank Vitaly
YEREVAN, DECEMBER 24, NOYAN TAPAN. This year Yerevan mayor's office has completed the city socioeconomic development programs approved by the Armenian government in 2003, the mayor of
YEREVAN, DECEMBER 24, NOYAN TAPAN. It is not ruled out that operation of the Alaverdi copper foundry will be stopped next year, NT correspondent was informed
YEREVAN, DECEMBER 24, NOYAN TAPAN. It is not ruled out that the management of the Armenian Nuclear Power Plant (ANPP) will be again given to Inter
YEREVAN, DECEMBER 24, NOYAN TAPAN. In case of necessity Armenia can already receive 400 million cibic meters of gas a year from Iran through the Megri-Kajaran
YEREVAN, DECEMBER 24, NOYAN TAPAN. Armenian GDP grew by 13.6% in January-November 2007 on the same period of 2006 and made 2 trillion 711 billion 420.7
YEREVAN, DECEMBER 22, NOYAN TAPAN. It is envisaged that in 2008 the Armenian Development Agency (ADA) will expand cooperation with famous international mass media outlets, the director
YEREVAN, DECEMBER 22, NOYAN TAPAN. "I hope that Kocharian's power will not have its continuation after the presidential elections," the former Armenian prime minister Hrant Bagratian stated
YEREVAN, DECEMBER 22, NOYAN TAPAN. Employees of the RA State Customs Committee (SCC) have recently discovered over 150 tons of citrus fruit and nuts, particularly oranges,
YEREVAN, DECEMBER 21, NOYAN TAPAN. The export growth rate of 18.6% registered in Armenia in January-October 2007 on the same months of 2006 is a high
YEREVAN, DECEMBER 21, NOYAN TAPAN. Satisfactory indices on investment inflow to Armenia will be registered by 2007'results. It is forecast that it will reach the 700
YEREVAN, DECEMBER 21, NOYAN TAPAN. The Armenian Development Agency (ADA) has reached a principal agrrement with the World Bank (WB) on receiving technical assistance in the
YEREVAN, DECEMBER 21, NOYAN TAPAN. Issues of developing the cooperation with Armenian diamond-cutting enterprises were discussed at the December 21 meeting of the Armenian president Robert Kocharian
YEREVAN, DECEMBER 21, NOYAN TAPAN. In accordance with the agreement signed between the RA government and Alrosa company - the world's second largest diamond mining company,
YEREVAN, DECEMBER 21, NOYAN TAPAN. The preparatory work has started for Armenia's participation in "Shanghai Expo 2010" world exhibition to be held in Shanghai (China) on
YEREVAN, DECEMBER 21, NOYAN TAPAN. The electricity tariff will also increase in parallel with a rise in the gas price in Armenia, the director general of
YEREVAN, DECEMBER 21, NOYAN TAPAN. The Armenian Development Agency (ADA) and the Union of Manufacturers and Businessmen of Armenia (UMBA) on December 21 signed a memorandum
YEREVAN, DECEMBER 21, NOYAN TAPAN. The Central Bank of Armenia (CBA) has put into circulation the "Pisces" silver commemorative coin with a depiction of the Pisces
YEREVAN, DECEMBER 20, NOYAN TAPAN. The work done in Tavush marz in 2007 and the current problems were discussed at the December 20 working meeting of
YEREVAN, DECEMBER 20, NOYAN TAPAN. The RA bill On Firms was approved at the RA government's December 20 sitting, As Nerses Yeritsian, the RA Minister of
YEREVAN, DECEMBER 20, NOYAN TAPAN. The consortium composed of Mitsui & Co. LTD (Japan) and GS Engineering & Construction Corporation (South Korea), which has been announced
YEREVAN, DECEMBER 19, NOYAN TAPAN. 13 small hydropower plants of Armenia have received credits of a total of 1.7 million dollars under the World Bank's program
YEREVAN, DECEMBER 19, NOYAN TAPAN. The regional phase of Microsoft's "Imagine Cup" contest will start on December 20 in Armenia for the first time. NT was
YEREVAN, DECEMBER 19, NOYAN TAPAN. The annual report of customs bodies, the work on bringing the customs clearance process into line with international standards and 2008's
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