YEREVAN, JANUARY 31, NOYAN TAPAN. 250 mln drams (about 694 thousand USD) has been allocated to the tourism sector by the 2007 RA state budget, and
YEREVAN, JANUARY 31, NOYAN TAPAN. The RA Minister of Trade and Economic Development Karen Chshmaritian and the Chairman of Microsoft Corporation Bill Gates signed the Agreement
YEREVAN, JANUARY 31, NOYAN TAPAN. The state procurement system is quite effective in Armenia, the only problem is the absence of an electronic system that must
YEREVAN, JANUARY 30, NOYAN TAPAN. The Board of Trustees of the Renewable Energy and Energy Saving Fund of Armenia approved the list of 30 schools whose
YEREVAN, JANUARY 30, NOYAN TAPAN. 17 credit organizations with 10 branches operated in Armenia as of December 31, 2006. According to the Central Bank of Armenia
YEREVAN, JANUARY 30, NOYAN TAPAN - ARMENIANS TODAY. No success is guaranteed in the tourism sector without a serious cooperation and unity between the state and
YEREVAN, JANUARY 30, NOYAN TAPAN. Mass production of DVH-2.3 heliosystems with the capacity of 3.5 kw will start in Armenia in the spring. These heliosystems are
YEREVAN, JANUARY 30, NOYAN TAPAN. The companies Glocoms Inc. (US) and Ameria (Armenia), which made a consortium, have been selected as the fiscal agent of the
YEREVAN, JANUARY 30, NOYAN TAPAN. The RA Minister of Finance and Economy Vardan Khachatrian and the Head of the State Purchase Agency of South Korea Yong
YEREVAN, JANUARY 30, NOYAN TAPAN. As of December 31, 2006, 21 commercial banks with 299 branches operated in Armenia. According to the Central Bank of Armenia
YEREVAN, JANUARY 29, NOYAN TAPAN - ARMENIANS TODAY. There is still much work to be done with respect to mines in Armenia: it is necessary to
YEREVAN, JANUARY 29, NOYAN TAPAN. A sitting of the Governing Council of the Millennium Challenge Account - Armenia organization was held at the RA government on
YEREVAN, JANUARY 29, NOYAN TAPAN - ARMENIANS TODAY. At the January 29 press conference, Spokesman for the Armenian President Victor Soghomonian confirmed the existence of the Armenian-Russian-Iranian
YEREVAN, JANUARY 29, NOYAN TAPAN. The prime minister-conducted discussions of annual reports of the ministries and departments adjunct to the RA government finished last week. By tradition,
YEREVAN, JANUARY 29, NOYAN TAPAN. 3 thousand people will lose their jobs in case of not reconsidering the January 8 decision of the RA Public Services
YEREVAN, JANUARY 29, NOYAN TAPAN. 7,126 emergencies were registered in Armenia in 2006, as a result of which 483 people died and 4,563 suffered. According to
YEREVAN, JANUARY 29, NOYAN TAPAN. A two-digit economic growth - this time a 13.4% one - has been registered in Armenia in 2006 for the 5th
YEREVAN, JANUARY 29, NOYAN TAPAN. In 2006, a 13.4% GDP growth was registered in Armenia. According to international rating of its economy's liberalization, Armenia is in
YEREVAN, JANUARY 26, NOYAN TAPAN. "I think that Armenia's economic indices, which, in my opinion, are absolute absurdity should be registered in the Guinness Book of
YEREVAN, JANUARY 26, NOYAN TAPAN. The State Tax Inspection adjunct to the Armenian government published the list of 300 biggest tax paying companies by the results
YEREVAN, JANUARY 26, NOYAN TAPAN. Millennium Challenge Corporation (MCC), on behalf of the United States Government, has transferred the first tranche of USD 1,460.000. from the second
YEREVAN, JANUARY 26, NOYAN TAPAN. Thanks to pressure registering meters (loggers) installed in December 2006, it will be possible to clarify by May 31 of this
YEREVAN, JANUARY 26, NOYAN TAPAN. In 2006, about 54 million 200 thousand drams (about 148 thousand USD) was transferred to the state and community budgets as
YEREVAN, JANUARY 26, NOYAN TAPAN. The agreement on purchase of Conversebank (Armenia) will be signed soon. With this aim Argentinian Armenian businessman Eduardo Ernekian, President of American
YEREVAN, JANUARY 25, NOYAN TAPAN. In accordance with the RA Law on Property Alienation for Public and State Needs, as well as taking into account the
YEREVAN, JANUARY 25, NOYAN TAPAN. The first educational manual "The Speciality of Realtor in Armenia. Management of Realtor's Activity" was published in Armenian and Russian. The manual's
YEREVAN, JANUARY 25, NOYAN TAPAN. The Union of Armenian Hotels, the Guild of Armenian Tourist Guides, the Union of Incoming Tour Operators of Armenia, the Armenian
YEREVAN, JANUARY 25, NOYAN TAPAN. In 2006, the State Tax Service adjunct to the Armenian government collected revenues of 220 bln 683 mln drams (about 604
YEREVAN, JANUARY 25, NOYAN TAPAN. In 2006, grain production in Armenia was less than in the previous year due to the unfavorable climatic conditions on foothills
SAN FRANCISCO, JANUARY 25, NOYAN TAPAN. The first congress and exhibition of Armenian high technologies "ArmTech 2007" will take place at the Fairmont Hotel in San
YEREVAN, JANUARY 25, NOYAN TAPAN. A 1.2% growth of productive indices was registered in RA civil aviation sphere in 2006. In spite of low rates of
YEREVAN, JANUARY 24, NOYAN TAPAN. Work on initial registration of lands in the administrative areas of all Armenian communities and outside these areas has been completed. During
YEREVAN, JANUARY 24, NOYAN TAPAN. In presenting the 2006 annual report, the RA Minister of Energy Armen Movsisian underlined the importance - among the implemented measures
YEREVAN, JANUARY 24, NOYAN TAPAN. A single system of state property registration was developed and introduced in 2006. The system is constantly amended and updated, which
YEREVAN, JANUARY 24, NOYAN TAPAN. In 2007, the Union of Information Technology Enterprises of Armenia (UITE) will continue its work on creation of special conditions for
YEREVAN, JANUARY 24, NOYAN TAPAN. A number of issues of bilateral interest were discussed during the January 23 meeting of the RA Minister of Finance and
YEREVAN, JANUARY 23, NOYAN TAPAN. In 2006, the companies of the RA Ministry of Transport and Communication received revenues of 14 bln 367.8 mln drams (about
YEREVAN, JANUARY 23, NOYAN TAPAN. In 2006, the volume of goods transportation by the Armenian railway made 2,665 thousand tons against 2,612 thousand tons in the
YEREVAN, JANUARY 23, NOYAN TAPAN. About 200 IP service providing companies demand that the January 8 decision of the RA Public Services Regulatory Commission be reconsidered.
YEREVAN, JANUARY 23, NOYAN TAPAN. Out of the 102,172 citizens registered at territorial employment centers of the country as of January 1, 2007, 8,268 were given
YEREVAN, JANUARY 23, NOYAN TAPAN. It is envisaged to install individual heliosystems in March in the village of Sarnaghbyur (Shirak marz), which will allow to use
YEREVAN, JANUARY 22, NOYAN TAPAN. The RA Ministry of Finance and Economy is continuing the process of providing monetary aid to members of building cooperatives.
YEREVAN, JANUARY 22, NOYAN TAPAN. The Armenian President Robert Kocharian on January 19 signed the RA Law on Approval of the 2005 Annual Report on Implementation
YEREVAN, JANUARY 22, NOYAN TAPAN. About 200 voice communication service providing companies discontent with January 8 decision of the RA Public Services Regulatory Commission held a protest
NEW DELHI, JANUARY 19, NOYAN TAPAN. The fourth sitting of the Armenian-Indian intergovernmental commission was held in New Delhi on January 19. The delegation headed by
YEREVAN, JANUARY 19, NOYAN TAPAN. A visit of the first group of adventure tourists to Armenia is envisaged in September 2007. NT correspondent was informed about
YEREVAN, JANUARY 19, NOYAN TAPAN. Armenia is participating for the first time in the World Federation of Tourist Guide Associations (WFTGA) congress that started in Cairo
YEREVAN, JANUARY 19, NOYAN TAPAN. The International Fund for Agricultural Development (IFAD) has been implementing a 9.8 million dollar credit program on rural entrepreneurship financing in Armenia
YEREVAN, JANUARY 19, NOYAN TAPAN. In 2006, Armenian GDP made 2 trillion 665 billion 663.4 million drams (over 6 bln 407 mln USD calculated at the
YEREVAN, FEBRUARY 19, NOYAN TAPAN. At the February 19 sitting, the RA Public Services Regulatory Commission decided that the regulated transitional tariffs of ArmenTel services will be
NEW DELHI, JANUARY 18, NOYAN TAPAN. The Armenian delegation headed by the RA Deputy Foreign Minister Armen Bayburtian arrived in New Delhi on January 18 to
VIENNA, JANUARY 18, NOYAN TAPAN. A loan agreement "Effecient Infrastructure Reconstruction Program" was signed on January 17 by the RA Agriculture Minister Davit Lokian and the OPEC
YEREVAN, JANUARY 18, NOYAN TAPAN. During the January 18 meeting with the RA Foreign Minister Vardan Oskanian, the members of the delegation headed by the Chairman
YEREVAN, JANUARY 18, NOYAN TAPAN. The Union of Armenian IT Enterprises (UITE) started the implementation of the project of the conditional name "Armenian Virtual Community", under
YEREVAN, JANUARY 18, NOYAN TAPAN. Agreement on Cooperation, Memorandum on Creation of Armenian-Syrian Business Council and Mutual Understanding Memorandum were signed on January 18 between the RA
YEREVAN, JANUARY 17, NOYAN TAPAN. Gyumri's Shirak Airport will be given first category as a result of work to be done at the airport this year.
YEREVAN, JANUARY 17, NOYAN TAPAN. "It is a paradox that Armenia living on credit surpasses the economic index of a number of European countries. Armenia living
YEREVAN, JANUARY 17, NOYAN TAPAN. By the data of the State Customs Committee adjunct to the Armenian government, Armenia's foreign trade made 1 trillion 186 billion
YEREVAN, JANUARY 16, NOYAN TAPAN. In January-November 2006, the RA budgetary expenditures made 391 bln 787.3 mln drams (about 931 mln 253 thousand USD), growing by
YEREVAN, JANUARY 16, NOYAN TAPAN. By the data of the State Register of Legal Entities and Private Businessmen of the RA Ministry of Justice, in January-November
YEREVAN, JANUARY 16, NOYAN TAPAN. At the January 16 open-door sitting of the RA Constitutional Court, the case initiated based on the application of 30 deputies
YEREVAN, JANUARY 16, NOYAN TAPAN. The company ArmenTel, which still keeps its monopoly positions in Armenia's telecommunication sector, intends to disconnect the connection of the companies providing
YEREVAN, JANUARY 16, NOYAN TAPAN. "We as businessmen will not spare efforts in order to raise the economic relations between our countries to the high level
YEREVAN, JANUARY 16, NOYAN TAPAN. Over the past year apartment prices have not risen in Yerevan, but such an impression has been created by an unprecedented
YEREVAN, JANUARY 16, NOYAN TAPAN. Armenia is in first place among CIS countries and in 32nd place in the world by its economic freedom index. According
YEREVAN, JANUARY 16, NOYAN TAPAN. At the January 16 sitting, the RA Constitutional Court (CC) examined the case intitiated based on the application of 30 National
YEREVAN, JANUARY 16, NOYAN TAPAN. In 2006 Zvartnots international airport served 1 mln 125.7 thousand passengers, which exceeds previous year's index by 143 thousand. At that, 562.8
YEREVAN, JANUARY 15, NOYAN TAPAN. An implementation agreement was signed between the Millennium Challenge Account - Armenia (MCA-Armenia) and Hayavtochan (Directorship of Armenian Motorways) state non-profit organization,
YEREVAN, JANUARY 15, NOYAN TAPAN. Starting January 16, the RA Ministry of Finance and Economy will issue state saving coupon bonds with a 7% annual yield.
YEREVAN, JANUARY 15, NOYAN TAPAN. In 2006, Yerevan mayor's office made an inventory of apartment buildings with the aim of developing a long-term program on their
YEREVAN, JANUARY 15, NOYAN TAPAN. In January-November 2006, monetary incomes of the population made 1 trillion 463 billion 778.5 million drams (about 3 bln 479 mln
YEREVAN, JANUARY 15, NOYAN TAPAN. 11 bln 384 mln drams (about 31.4 mln USD) was allocated in 2007 from the state budget to the education sphere
YEREVAN, JANUARY 12, NOYAN TAPAN. According to the forecasts of the Central Bank of Armenia (CBA), inflation will make 4.1% in December 2007 on December 2006,
YEREVAN, JANUARY 12, NOYAN TAPAN. In January-September 2006, 13,428 units of land (about 17.1 thousand ha) was alienated in Armenia, including 1,571 units of land (497.74
YEREVAN, JANUARY 12, NOYAN TAPAN. In accordance with the decision of December 30, 2006, of the Central Bank of Armenia (CBA) Board, the CBA's refinancing interest
YEREVAN, JANUARY 11, NOYAN TAPAN. We present the interview of NT correspondent with the Chairman of the Central Bank of Armenia (CBA) Tigran Sargsian.
YEREVAN, JANUARY 12, NOYAN TAPAN. At the January 12 sitting, the Armenian government made a decision to allocate 508.8 mln drams (about 1.4 mln USD) from
STEPANAKERT, JANUARY 11, NOYAN TAPAN. On January 11, NKR President Arkady Ghoukassian signed NKR law "On 2007 NKR State Budget." Noyan Tapan was informed about it
YEREVAN, JANUARY 11, NOYAN TAPAN. Work to be done this year by the State Tax Service adjunct to the RA government and the State Customs Committee
YEREVAN, JANUARY 11, NOYAN TAPAN. 63.1% of the 11 thousand 830 transactions of real estate sales-purchases in Yerevan were transactions on sale of apartments in residential
YEREVAN, JANUARY 11, NOYAN TAPAN. In January-September 2006, 90 thousand 213 transactions on real estate were conducted in the country, which is less by 2% on
YEREVAN, JANUARY 10, NOYAN TAPAN. In January-November 2006, the gross agricultural output of Armenia made 493.3 bln drams (about 1 bln 172 mln USD), exceeding by
YEREVAN, JANUARY 10, NOYAN TAPAN. Construction work of 529 bln 750.3 mln drams (over 1 bln 259 mln USD) was done in Armenia in January-November 2006,
YEREVAN, JANUARY 10, NOYAN TAPAN. In January-November 2006, retail trade in Armenia made 682 bln 755,1 drams (about 1 bln 623 mln USD), growing by 10.4%
YEREVAN, JANUARY 9, NOYAN TAPAN. Construction work of 26 bln 144.3 mln drams (about 62.14 mln USD) was done in the Armenian regions, which suffered from
YEREVAN, JANUARY 9, NOYAN TAPAN. The amount of services provided in Armenia in January-November 2006 made 428 bln 327.3 mln drams (about 1 bln 18.1 mln
YEREVAN, JANUARY 9, NOYAN TAPAN. The construction work of the Iran-Armenia gas pipeline will finish in March-April: the tests are currently being carried out. NT correspondent
YEREVAN, JANUARY 9, NOYAN TAPAN. The RA Ministry of Energy did not receive a bid for electricity purchase by Georgia from Armenia. NT correspondent was informed
YEREVAN, JANUARY 9, NOYAN TAPAN. In January-November 2006, the volume of the Armenian consumer market made 1 trillion 344 billion 61.3 million drams (about 3 bln
YEREVAN, JANUARY 9, NOYAN TAPAN. In January-November 2006, the cargo transportation volume by transport of general use grew by 18.6% on the same period of the
YEREVAN, JANUARY 9, NOYAN TAPAN. In January-November 2006, the total revenues of the company ArmenTel from services to the population, institutions and organizations made 111,323.7 mln drams
YEREVAN, JANUARY 9, NOYAN TAPAN. "In 2006, a number of important programs with Iran were implemented. We will continue our active cooperation with Iran in 2007,
YEREVAN, JANUARY 9, NOYAN TAPAN. In January-November 2006, 5,330 mln kwh of electricity was generated in Armenia, which is by 6.6% less than in the same
YEREVAN, JABUARY 8, NOYAN TAPAN. In January-November 2006, metallurgical production of 100 bln 777.5 mln drams (about 239.5 mln USD) was manufactured in Armenia, or by
YEREVAN, JANUARY 8, NOYAN TAPAN. In the period of Janaury-November 2006, the production of Armenia's chemical industry made 12 bln 763.9 mln drams (about 30.3 mln
YEREVAN, JANUARY 8, NOYAN TAPAN. In January-November 2006, industrial production of 579 bln 333.7 mln drams (about 1 bln 378 mln USD) was manufactured in Armenia.
YEREVAN, JANUARY 8, NOYAN TAPAN. In all likelihood the company AemRusgazprom will export electricity from Armenia to Georgia. NT was informed from ArmRusgazprom that the company
YEREVAN, JANUARY 8, NOYAN TAPAN. A 5.2% growth in consumer prices was registered in Armenia in December 2006 on December 2005, while the exchange rate of
YEREVAN, JANUARY 8, NOYAN TAPAN. Anelik Bank LLC was recognized as the best bank cooperating with the Deposit Guarantee Fund of Armenia. NT was informed from
YEREVAN, JANUARY 8, NOYAN TAPAN. At the January 8 sitting, the RA Public Services Regulatory Commission made a decision to classify local (within the state) and
YEREVAN, JANUARY 8, NOYAN TAPAN. A 0.2% growth of tariffs for services rendered to population was registered in 2006 December as compared with November in Armenia.
YEREVAN, JANUARY 8, NOYAN TAPAN. A 0.6% price fall was registered in the Armenian non-food commodity market in December on November 2006, mainly due to a
YEREVAN, JANUARY 8, NOYAN TAPAN. In 2006 December as compared with 2005 December, price for petrol decreased by 10.6% in Armenia and average price for diesel
YEREVAN, JANUARY 8, NOYAN TAPAN. A 7.3% inflation was registered in the Armenian food commodity market in December 2006 on the same month of the previous
YEREVAN, JANUARY 8, NOYAN TAPAN. In 2006 December as compared with the same month of the previous year, consumer prices grew by 5.2% in Armenia, including
YEREVAN, DECEMBER 29, NOYAN TAPAN. The Armenian President Robert Kocharian on December 27 signed the RA Law on Order of State Compensation of Revenue Losses of Community Budgets as a result of
YEREVAN, DECEMBER 28, NOYAN TAPAN. At the December 28 sitting, the Armenian government made a decision, according to which the buildings of the total area of 80 square meters (which were built
YEREVAN, DECEMBER 28, NOYAN TAPAN. At the December 28 sitting, the RA government made an amendment in the April 6, 2006 Decision No 449-n on Measures to Mitigate State Property Alienation and
YEREVAN, DECEMBER 28, NOYAN TAPAN. In late 2006, inflation made 5% in Armenia compared with Decemeber of last year, while the average annual inflation - 3% compared with the average annual inflation
YEREVAN, DECEMBER 28, NOYAN TAPAN. As it was scheduled, the Millennium Challenge Corporation (MCC) on December 28 made the second transfer of the intitial disbursement - 507,653 USD to the Millenium Challenge
YEREVAN, DECEMBER 27, NOYAN TAPAN. 134 Armenian rural communities have already been included on the Rural Areas Economic Development Program financed by the International Fund for Agricultural Development (IFAD). Under the program
YEREVAN, DECEMBER 27, NOYAN TAPAN. In 2006, Armenian farms received credits of a total of 4 million USD with the assistance of the World Bank and the International Fund for Agricultural Development.
YEREVAN, DECEMBER 27, NOYAN TAPAN. This year motorways of the total length of 113.95 km were repaired in Armenia with the state budget resources of 12 bln 420.23 mln drams (about
YEREVAN, DECEMBER 27, NOYAN TAPAN. In 2007, the Armenian government will provide experimental subsidies to farmers of 11 villages in Gegharkinik and Aragatsotn marzes: 35 thousand drams (about 90 USD) will be
YEREVAN, DECEMBER 27, NOYAN TAPAN. In 2006, almost all the companies of the RA Ministry of Transport and Communication operated at a profit: they received a total of revenues of 13 bln
YEREVAN, DECEMBER 27, NOYAN TAPAN. In 2006, the Armenian government approved the master plans of 26 Armenian communities, and the decelopment of another 10 master plans is at the final stage. The
YEREVAN, DECEMBER 27, NOYAN TAPAN. This year potato crop yield declined by 30-40% in Armenia, which resulted in a price growth. 400 thousand tons of potatoes and about the same amount of
YEREVAN, DECEMBER 26, NOYAN TAPAN. About 165 enterprises are now operating actively in Armenia's IT sector, with the number of their employees making 5 thousand, the RA Minister of Trade and Economic
YEREVAN, DECEMBER 26, NOYAN TAPAN. Projects of 182 programs for the implementation of priorities, goals and actions envisaged by Armenia-EU Action Plan have been presented by ministries and departments. The RA Minister
YEREVAN, DECEMBER 26, NOYAN TAPAN. By preliminary calculations, the amount of foreign investments in Armenia in 2006 will grow by 20-25% compared with 2005. The RA Minister of Trade and Economic Development
YEREVAN, DECEMBER 26, NOYAN TAPAN. According the RA Minister of Trade and Economic Development Karen Chshmaritian, the analyses on possible results of declaring Armenia's gem and jewelry sector a free economic zone
YEREVAN, DECEMBER 26, NOYAN TAPAN. The Ministry of Transport and Tourism of France will assist with founding a tourism school in Yerevan. The RA Minister of Trade and Economic Development Karen Chshmaritian
YEREVAN, DECEMBER 26, NOYAN TAPAN. The agreement on provision of a two million-dollar credit to Armeconombank by the European Bank for Reconstruction and Development (EBRD) was signed on December 26. Davit Sukiasian,
YEREVAN, DECEMBER 26, NOYAN TAPAN. According to forecasts of the RA Minister of Trade and Economic Development Karen Chshmaritian, by the results of 2006, Armenia's industrial production (without diamonds) will grow by
YEREVAN, DECEMBER 26, NOYAN TAPAN. In 2006, Armenia's GDP will exceed last year's index by at least 13.5%. The RA Minister of Trade and Economic Development Karen Chshmaritian stated this during the
YEREVAN, DECEMBER 26, NOYAN TAPAN. The Central Bank of Armenia on December 25 put into circulation gold commemorative coins dedicated to the victory of the Armenian men's team in the 37th World
YEREVAN, DECEMBER 25, NOYAN TAPAN. Under the program of promoting products and services of small and medium entrepreneurship (SME) subjects, the SME Development National Center (SME DNC) of Armenia in 2006 provided
YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006 the SME Developmnent National Center (SME DNC) of Armenia provided assistance to 131 start-up entrepreneurs of the country's marzes. 45 of these entrepreneurs have registered
YEREVAN, DECEMBER 25, NOYAN TAPAN. Under the SME State Support Program, credit guarantees of a total of 342.2 mln drams (about 813 thousand USD) were provided in 2006, as a result
YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006 the Small and Medium Entrepreneurship Development National Center (SME DNA) of Armenia attracted assistance equivalent to about 110 million drams (over 261 thousand USD) from
YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006, production of small and medium enterprises will make 40% of Armenian GDP against 39.8% last year, and the SMEs will make 17% of the export
YEREVAN, DECEMBER 25, NOYAN TAPAN. The citizens who lived previously in the areas to be developed will be fist of all offered apartments in residential buildings constructed in Yerevan's development zones. Yerevan
YEREVAN, DECEMBER 25, NOYAN TAPAN . In 2006 Yerevan Mayor's Office did work of 72 bln drams (about 197 mln USD) or by 6.1% more than envisaged. Yerevan Mayor Yervand Zakharian
YEREVAN, DECEMBER 23, NOYAN TAPAN. At the December 22 sitting, the RA National Assembly adopted in second reading and completely the government's draft law on making additions and amendments to the Law
YEREVAN, DECEMBER 23, NOYAN TAPAN. At the December 22 sitting, the RA National Assembly with 74 votes in favor and one abstention accepted the Armenian president's proposal on expediency of cancelling the
YEREVAN, DECEMBER 22, NOYAN TAPAN. The RA Prime Minister Andranik Margarian is optimistic about the issue of industrail production growth in the country, which he substantiates by the increase in production of
YEREVAN, DECEMBER 22, NOYAN TAPAN. The RA Ministry of Energy received a bid from Georgia on purchasing electricity in the amount of 200 megawatts. According to the minister, in case of the
YEREVAN, DECEMBER 22, NOYAN TAPAN. The company Rhinoville Property Limited - owner of the Nairit Plant assumed the obligation to invest 120 million USD in the next 5 years. The RA Minister
YEREVAN, DECEMBER 22, NOYAN TAPAN. Today 50 small hydropower plants with the total capacity of 250 megawatts operate in Armenia, and another 50 are in the process of construction. The RA Minister
YEREVAN, DECEMBER 22, NOYAN TAPAN. The contractor for construction of a new power unit with a combined cycle in the territory of the Yerevan Thermal Pwer Plant will be chosen soon, after
YEREVAN, DECEMBER 22, NOYAN TAPAN. The book "State Audit in the European Union and CIS Cointries" was translated and published in Armeniam within the framework of the Armenian-German intergovernmental cooperation on the
YEREVAN, DECEMBER 22, NOYAN TAPAN. The RA Minister of Energy Armen Movsisian stated that the event dedicated to increasing the safety of the Armenian Nuclear Power Plant with the participation of the
YEREVAN, DECEMBER 22, NOYAN TAPAN. Thanks to a number of legislative amendments made in the tax sector, equal conditions for economic management will be ensured. Armen Alaverdian, Deputy Head of the State
YEREVAN, DECEMBER 22, NOYAN TAPAN. An information software on external state control of Armenian community budgets was developed and introduced with joint efforts of the RA National Assembly Control Chamber (CC) and
YEREVAN, DECEMBER 21, NOYAN TAPAN. On the afternoon of December 21 the damaged section of the gas pipeline in Georgia was restored and now the previous volume of Russian gas is being
YEREVAN, DECEMBER 21, NOYAN TAPAN. At the December 21 sitting, the Armenian government decided that nonresidential areas (NA) of apartment buildings that are occupied by state governance bodies or state noncommercial organizations
YEREVAN, DECEMBER 21, NOYAN TAPAN. Taking into consideration the importance of constructing the Iran-Armenia gas pipeline, the Armenian government at the December 21 sitting approved the draft law on tax privileges for
YEREVAN, DECEMBER 21, NOYAN TAPAN. As of December 21, the gas supply from Georgia to Armenia has not been fully restored yet: 100-110 thousand cubic meters of gas is being supplied
YEREVAN, DECEMBER 21, NOYAN TAPAN. At the December 21 sitting, the Armenian government made a decision about measures ensuring the execution of the 2007 RA state budget. The decision sets the quarterly
YEREVAN, DECEMBER 21, NOYAN TAPAN. In January-November 2006, Armenian GDP made 2 trillion 293 billion 933.5 million drams (over 5 bln 452 mln USD) at current prices, exceeding by 13.2% the respective
YEREVAN, DECEMBER 21, NOYAN TAPAN. Th winners of the second All-Armenian e-Content Contest will participate in the award-giving ceremony of the World Summit of the Information Society (WSIS) to be held in
YEREVAN, DECEMBER 20, NOYAN TAPAN. Starting January 1, 2007, the RA National Institute of Standards will have status of a partner of the European Standardization Committee, Robert Dayan, Head of the Standardization,
YEREVAN, DECEMBER 20, NOYAN TAPAN. In order to ensure the unity of measurements, this year 600 approvals of measurement means, 495 state tests of measurement means were conducted, and one licence for
YEREVAN, DECEMBER 20, NOYAN TAPAN. Many groups of foodstuffs with Armenian marking are already imported into Armenia. Robert Dayan, Head of the Standardization, Metrology and Conformity Certification Department of the RA Ministry
YEREVAN, DECEMBER 20, NOYAN TAPAN. During the December 20 meeting with the Extraordinary and Plenipotentiary Ambassador to France Serge Smessov, the RA Minister of Finance and Economy Vardan Khachatrian congratulated the newly
YEREVAN, DECEMBER 20, NOYAN TAPAN. In 2006, 14 production certification bodies, 5 service certification bodies and one quality management system certification body were accredited in Armenia. Robert Dayan, Head of the Standardization,
YEREVAN, DECEMBER 20, NOYAN TAPAN. The damaged section of the gas pipeline, through which Russian gas is supplied to Armenia through the territory of Georgia, has been restored. Alexander Khetaguri, President of
YEREVAN, DECEMBER 20, NOYAN TAPAN. In January-November 2006, the RA Quality Inspection implemented state control of maintaining the technical regulations' requirements and the metrological rules and norms in 2,133 economic entities. 653 violations
YEREVAN, DECEMBER 20, NOYAN TAPAN. In 2006 the RA Ministry of Trade and Economic Development developed and adopted 29 standards of the Republic of Armenia. These standards fully correspond to the international
YEREVAN, DECEMBER 20, NOYAN TAPAN. The Productivity and Competitiveness Center founded on the initiative of the Union of Manufacturers and Businessmen (Employers) of Armenia (UMBA) should promote the development of the policy
YEREVAN, DECEMBER 19, NOYAN TAPAN. Freezing the negotiations on Turkey's joining the European Union is to the advantage of Armenia in terms of formation of some preconditions for opening the Armenian-Turkish border.
YEREVAN, DECEMBER 19, NOYAN TAPAN. The RA Civial Aviation Main Department (CAMD) must take appropriate steps to regulate relations with the aviation fuel filling services at Zvartnots Airport. The RA State Commission
YEREVAN, DECEMBER 19, NOYAN TAPAN. Economic entities with a dominating position operate in the country's butter, eggs, meat products, granulated sugar, beer, cement, gasoline and diesel fuel markets, and there is a
YEREVAN, DECEMBER 19, NOYAN TAPAN. The Armenian-European Policy and Legal Advice Centre (AEPLAC) is making an analysis to determine the format of further entry of Armenian products into the European market. The
YEREVAN, DECEMBER 19, NOYAN TAPAN. The 10-km water pipe of the Geghamasar community (Gegharkunik marz) is being removed without the village inhabitants' being warned about it. A 2-km section has already been
YEREVAN, DECEMBER 18, NOYAN TAPAN. The company ArmenTel has been deprived of some of its exclusive rights. The RA Public Services Regulatory Commission on December 18 took a decision to make an
YEREVAN, DECEMBER 18, NOYAN TAPAN. On December 18, at 9.30 am the gas supply resumed from Georgia to Armenia through the reserve line - 50 thousand cubic meters per hour. The
YEREVAN, DECEMBER 18, NOYAN TAPAN. The work on re-equipping the Alaverdi-2 high-voltage substaion has been completed. The work was done by the company Areva, the winner of an international tender. Sahak Abrahamian,
YEREVAN, DECEMBER 15, NOYAN TAPAN. The fact that the Russian side has not yet invested in the Armenian enterprises transferred to Russia by the Debt for Equity Program is the consequence of
YEREVAN, DECEMBER 15, NOYAN TAPAN. The 2007 RA state budget-envisaged index of tax revenues/GDP is one of the lowest in the world. Economist Eduard Aghajanov, formerly the head of the RA Statistical
YEREVAN, DECEMBER 15, NOYAN TAPAN. Facts of bottling alcoholic drinks made in non-factory conditions, as well as with violating rules of marking with excise stamps were revealed in various marzes by employees
YEREVAN, DECEMBER 14, NOYAN TAPAN. In accordance with the RA Law on Joint Stock Companies, at the December 14 sitting, the Armenian government made a decision on liquidation of the Bagratashen border
YEREVAN, DECEMBER 14, NOYAN TAPAN. 79% of Yerevan's population has a 24-hour water supply, even though water losses make 80%. Serge Popoff, Director General of the company Yerevan Water, stated this during
YEREVAN, DECEMBER 14, NOYAN TAPAN. Former US ambassador to Armenia Harry Gilmor who held this position in 1993-1995, was elected as independent director of the international cooperation Global Gold. NT correspondent was
ARMENIAN PRIME MINISTER'S ANSWERS TO QUESTIONS OF NOYAN TAPAN NEWS AGENCY YEREVAN, DECEMBER 13, NOYAN TAPAN. NT: Mister Prime Minister, according to the agreement on
YEREVAN, DECEMBER 13, NOYAN TAPAN. The Armenian President Robert Kocharian on December 12 signed the RA Law on the 2007 State Budget of the Republic of Armenia and the RA Law
YEREVAN, DECEMBER 13, NOYAN TAPAN. By RA Prime Minister Andranik Margarian's decision, Arsen Ghazarian, the Chairman of the Union of Manufacturers and Businessmen (Employers) of Armenia was awarded with the RA Prime
YEREVAN, DECEMBER 13, NOYAN TAPAN. According to the data of the Legal Entities and Private Businessmen State Register Agency, since early 2006, 2,541 legal entities and 6,377 private businessmen (including family enterprises)
YEREVAN, DECEMBER 13, NOYAN TAPAN. In January-October 2006, the budgetary expenditures of the RA made 354 bln 442 mln drams (about 833.5 mln USD), growing by 18% on the same period
YEREVAN, DECEMBER 13, NOYAN TAPAN. The IMF Executive Board welcomed the prudent monetary-credit policy of the Central Bank of Armenia (CBA) that aims to maintain price stability. Nienke Oomes, IMF Yerevan Office
YEREVAN, DECEMBER 13, NOYAN TAPAN. The International Monetary Fund (IMF) provided an about 4.9 mln dollar credit to Armenia within the framework of the Poverty Reduction and Economic Growth Program. Nienke Oomes,
YEREVAN, DECEMBER 13, NOYAN TAPAN. The subsidizing of natural gas by the Armenian government is not transparent, and it is quite difficult to know what agreement has been reached with Gazprom, IMF
YEREVAN, DECEMBER 12, NOYAN TAPAN. According to the 2006 Transition Report of the European Bank for Reconstruction and Developemnt (EBRD), in 2007 Armenia's GDP will grow by 8.5%, while a 12.5% GDP
YEREVAN, DECEMBER 12, NOYAN TAPAN. The Cascade Credit Bank has already approved the program of constructing two small hydropower plants in Armenia under the renewable energy program. Tamara Babayan, Director of the
YEREVAN, DECEMBER 12, NOYAN TAPAN. 700 Armenian families received loans for heating of private residential houses through the ACBA Credit Agricole Bank. Tamara Babayan, Director of the Renewable Energy and Energy Saving
YEREVAN, DECEMBER 12, NOYAN TAPAN. During 10 years of the existence of the Union of Manufacturers and Businessmen of Armenia (UMBA), the union members have developed a business consciousness and the tradition
YEREVAN, DECEMBER 12, NOYAN TAPAN. With the aim of dealing with the problem of aviation fuel lack at Zvartnots Airport, the RA Civil Aviation Main Department (CAMD) applied to the airport management
YEREVAN, DECEMBER 12, NOYAN TAPAN. The US government's Millennium Challenge Corporation (MCC) approved the Initial Disbursement of 1.4 mln USD to the Millennium Challenge Account -Armenia (MCA-Armenia) Program. Ara Hovsepian, MCA-Armenia Director General,
YEREVAN, DECEMBER 12, NOYAN TAPAN. Armenia's economy will be presented at the Annual Meeting and the Business Forum of the European Bank for Reconstruction and Development (EBRD) to be held in Kazan,
YEREVAN, DECEMBER 12, NOYAN TAPAN. By late 2008, the European Bank for Reconstruction and Developemnt (EBRD) will increase the total cost of programs being implemented in Armenia from 60 mln euros to
YEREVAN, DECEMBER 12, NOYAN TAPAN. 247 thousand 962 internal tourists (RA residents) stayed at accomodation places for collective and individual tourists in RA territory in 2006 January-September: growth made 10.2% as compared
YEREVAN, DECEMBER 12, NOYAN TAPAN. 272 thousand 499 tourists arrived in Armenia in 2006 January-September against 230 thousand 390 tourists who arrived in Armenia in the same period of the previous year:
YEREVAN, DECEMBER 12, NOYAN TAPAN. By the data of the State Customs Committee adjunct to the RA government, Armenia's foreign trade made 1 trillion 69 billion 260.2 million drams (2 bln 536.2
YEREVAN, DECEMBER 11, NOYAN TAPAN. In January-September 2006, the foreign investments in the real sector of the Armenian economy (without those through the state governance and banking systems) amounted to 297 mln
YEREVAN, DECEMBER 11, NOYAN TAPAN. At the December 11 sitting, the court of first instance of Yerevan's Kentron and Nork-Marash communities granted the defence's petition to be given time to become acquainted
YEREVAN, DECEMBER 11, NOYAN TAPAN. By late 2006, the company Armavia plans to start operating Yerevan-Tbilisi-Yerevan flights twice a week. NT correspondent was informed from Armavia that the price of a ticket
YEREVAN, DECEMBER 11, NOYAN TAPAN. Starting January 16, 2007, the RA Ministry of Finance and Economy will issue state bonds of new type, which are envisaged both for natural persons and small
YEREVAN, DECEMBER 11, NOYAN TAPAN. Armenia's foreign debt makes 1 bln 168 mln USD and will make 1.261 bln USD in late 2006, 1 bln 95 mln of which is the
YEREVAN, DECEMBER 11, NOYAN TAPAN. The total amount of services provided in Armenia in January-October 2006 made 382 bln 770 mln drams (over 900 mln USD), exceeding by 22.5% the index of
YEREVAN, DECEMBER 11, NOYAN TAPAN. Trade conducted in Armenian shops and consumer commodity markets (471 bln 385.1 mln drams or over 1 bln 108 mln USD) accounted for 77.6% of retail trade
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