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


Starting from June 29 ArmSwissBank to continue its
activities in newly-built building
  • Economy
  • 2009-06-29 12:00:00

YEREVAN, JUNE 29, NOYAN TAPAN. Starting from June 29, ArmSwissBank CJSC will continue its activities in a newly-built building at 10 V. Sargsyan Street in Yerevan.

Armenian-Mexican working group set up in the U.S.
  • Economy
  • 2009-06-29 12:00:00

LOS ANGELES, JUNE 29, NOYAN TAPAN - ARMENIANS TODAY. At the June 25 luncheon-reception in Los Angeles, Armenian Consul in L.A. Grigor Hovhannisian and Mexican Consul

ArmenTel tries to improve quality of its services by
opening new offices
  • Economy
  • 2009-06-29 12:00:00

YEREVAN, JUNE 29, NOYAN TAPAN. ArmenTel company opened its 60th sale and service office near Republic Square in Yerevan on June 26. The opening ceremony was

Armenian government to provide credits of 44 million
dollars to three big enterprises in mining industry
  • Economy
  • 2009-06-29 12:00:00

YEREVAN, JUNE 29, NOYAN TAPAN. Within the framework of its anticrisis measures, the Armenian government will provide credits of 44 million USD to three big enterprises

Ericsson launches interactive television in Armenia for
UCOM
  • Economy
  • 2009-06-24 20:00:00

YEREVAN, JUNE 24, NOYAN TAPAN. Within the framework of the agreement on cooperation with Universal Communications (UCOM), Ericsson presents a high-quality interactive television to the Armenian viewer.

Tripartite memorandum on development of Armenian IT sector
signed
  • Economy
  • 2009-06-24 19:00:00

YEREVAN, JUNE 24, NOYAN TAPAN. Executive Director of "Hayastan" All-Armenian Fund Ara Vardanian, Executive Director of Synopsys Armenia company Hovik Musaelian, and Director General of VivaCell-MTS company

According to Vardan Aivazian, it is necessary to "assume a
position" beforehand in order to competitive in case of possible
opening of Armenian-Turkish border
  • Economy
  • 2009-06-23 22:00:00

YEREVAN, JUNE 23, NOYAN TAPAN. A work entitled "The Trade and Economic Problems of Reopening the Roads between Armenia and Turkey" was presented at the ARF

Construction of apartment buildings in Gyumri proceeds
according to schedule
  • Economy
  • 2009-06-23 22:00:00

YEREVAN, JUNE 23, NOYAN TAPAN. The process of the construction work being done by Glendale Hills CJSC in Lori and Shirak marzes (provinces) was discussed at

Agreement on Air Communication signed between governments
of Armenia and United States comes into force
  • Economy
  • 2009-06-23 21:00:00

YEREVAN, JUNE 23, NOYAN TAPAN. The Agreement on Air Communication (Open Sky), which was signed between the governments of the Republic of Armenia and the U.S.

Presentation of research "The Trade and Economic Problems
of Reopening the Roads between Armenia and Turkey" held
  • Economy
  • 2009-06-23 19:00:00

YEREVAN, JUNE 23, NOYAN TAPAN. Armenia should form its stance and a negotiation position on reopening the Armenian-Turkish border, develop the respective package of reforms and their

Natural gas supply to Armenia restored
  • Economy
  • 2009-06-22 16:48:00

Natural gas supply to Armenia was restored on June 21 from 13:15. It had been temporarily stopped due to the junction work of the newly built

According to Hrach Berberian, Armenian grape juice with its
high sugar content can be competitive both in Europe and Russia
  • Economy
  • 2009-06-19 19:00:00

YEREVAN, JUNE 19, NOYAN TAPAN. There are great prospects of developing the wine-making sector in Armenia, but the free market and business have their own rules

GDP of Armenia drops by 15.7% in January-May 2009 on same
period of 2008
  • Economy
  • 2009-06-19 18:00:00

YEREVAN, JUNE 19, NOYAN TAPAN. Real GDP of Armenia in January-May 2009 made up 84.3% of the country's GDP in the same period of last year

This summer high-ranking Armenian officials must rest in
Armenia by taking part of their vacations
  • Economy
  • 2009-06-18 21:00:00

YEREVAN, JUNE 18, NOYAN TAPAN. This summer will be a period of hard work for the Armenian government members so the ministers, deputy ministers and heads

Third Armenian Tourism Competitiveness Conference held
  • Economy
  • 2009-06-18 20:00:00

YEREVAN, JUNE 18, NOYAN TAPAN. The Armenian government has proclaimed tourism a priority sector of the economy, and it is taking steps to turn the country

Ministers and heads of departments must submit proposals on
tax collection
  • Economy
  • 2009-06-18 18:30:00

YEREVAN, JUNE 18, NOYAN TAPAN. Tax collection is currently the number one problem of the Armenian government. Prime Minister Tigran Sargsyan said at the June 18

Martin Sargsyan: Visit of Syrian president to Armenia is a
good opportunity to discuss development prospects of economic
relations
  • Economy
  • 2009-06-18 18:00:00

YEREVAN, JUNE 18, NOYAN TAPAN. An Armenian-Syrian business forum with the participation of more than 160 businessmen from both countries was held on June 18. Chairman

According to Bashar al-Assad, normalization of
Armenian-Turkish relations to promote economic developement of
Armenia, Syria and Turkey
  • Economy
  • 2009-06-18 17:15:00

YEREVAN, JUNE 18, NOYAN TAPAN. "The visit to Armenia has a great significance for us, as we know Armenian culture but we are not well informed

Armenian-Syrian business forum starts in Yerevan
  • Economy
  • 2009-06-18 17:00:00

YEREVAN, JUNE 18, NOYAN TAPAN. In conditions of the current political and economic realities, Armenia and Syria build warm and dynamically developing relations of a new

World Bank's Report on Observance of Standards and Codes,
Accounting and Audit presented in Yerevan
  • Economy
  • 2009-06-17 17:00:00

YEREVAN, JUNE 17, NOYAN TAPAN. The presentation of the World Bank's Report on the Observance of Standards and Codes, Accounting and Audit took place in Yerevan

Tatul Manaserian: Armenia is able to independently overcome
economic crisis
  • Economy
  • 2009-06-17 16:35:00

YEREVAN, JUNE 17, NOYAN TAPAN. Armenia's economy is able and should develop by its own regularities and independently overcome the financial-economic crisis. Economist, Adviser to RA NA

Armenia can overcome economic crisis on its own, Tatul
Manaserian believes
  • Economy
  • 2009-06-16 21:00:00

YEREVAN, JUNE 16, NOYAN TAPAN. The Armenian economy can and must develop by its own patterns and overcome the financial and economic crisis on its own,

Other sources of road construction financing must be found,
MCA-Armenia CEO says
  • Economy
  • 2009-06-16 20:00:00

YEREVAN, JUNE 16, NOYAN TAPAN. Armenia has not received so far any official letter on the June 10 decision of the Millennium Challenge Corporation (MCC) Board

Growth in IT and communication services amounts to 7.2% and
1.9% respectively in Armenia
  • Economy
  • 2009-06-16 12:56:00

YEREVAN, JUNE 16, NOYAN TAPAN. Information technology services of 6bn 374m drams (about 17.67m USD) were provided in Armenia in January-April 2009, which exceeded by 7.2%

State Commission for Protection of Economic Competition
initiates proceedings in gasoline market
  • Economy
  • 2009-06-15 21:00:00

YEREVAN, JUNE 15, NOYAN TAPAN. At the 15 special sitting, Armenia's State Commission for the Protection of Economic Competition initiated proceedings in the gasoline market. According to

Alex Yemenidjian likely to head Tropicana
  • Economy
  • 2009-06-15 19:00:00

LAS VEGAS, JUNE 15, NOYAN TAPAN - ARMENIANS TODAY. Alex Yemenidjian, the President of Armenian American billionaire Kirk Kerkorian's MGM Grand company, is likely to assume

Purhase and sale of dollars amounts to 50.7 million and
47.5 million respectively in intrabank foreign currency market
of Armenia on June 8-12
  • Economy
  • 2009-06-15 18:00:00

YEREVAN, JUNE 15, NOYAN TAPAN. 50 million 700 thousand 774 US dollars were purchased by the banks at the average exchange rate of 369.48 drams per

Natural gas supply of Armenia to be suspended on June 16-21
  • Economy
  • 2009-06-15 18:00:00

YEREVAN, JUNE 15, NOYAN TAPAN. The gas and transport company of Georgia officially informed ArmRusgazprom CJSC that the natural gas supply of Armenia will be suspended

April-May periodical of India-CIS Trade and Economic
Chamber released
  • Economy
  • 2009-06-15 18:00:00

DELHI, JUNE 15, NOYAN TAPAN. The April-May periodical of India-CIS Trade and Economic Chamber has been released. Its main focus is Armenia.

Russian side transfers 500 million dollars to CBA account
on June 12
  • Economy
  • 2009-06-12 22:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. The Agreement between the Government of the Republic of Armenia and the Government of the Russian Federation on the Provision of

Armenia has considerable resources for development of
alternative tourism
  • Economy
  • 2009-06-12 22:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. Armenia has considerable resources for the development of alternative tourism, and it is envisaged developing spa, winter, scientific tourism and adventure travel

ProCredit Bank offers new terms for dollar and dram
business credits
  • Economy
  • 2009-06-12 20:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. With the aim of promoting small and medium business ProCredit Bank offers new terms for business credits in the period of

Serge Sargsyan: We consider Russia our most reliable ally
  • Economy
  • 2009-06-12 20:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. At the June 12 meeting, Armenian President Serzh Sargsyan and Chairman of Russian Railways OJSC - the concessionary manager of the

Tourism growth expected in Armenia despite global financial
and economic crisis
  • Economy
  • 2009-06-12 20:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. Despite the global financial and economic crisis, a growth of tourism is expected in Armenia. Head of the Tourism and Territorial

Documentary on Armenia's tourism shot
  • Economy
  • 2009-06-12 20:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. An one-hour documentary presenting the history, culture and tourist opportunities of Armenia has been shot with the purpose of advertizing the country's

Armenian delegation to participate in annual session of
TRACECA Intergovernmental Commission in Issyk-Kul on June 15-16
  • Economy
  • 2009-06-12 18:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. The delegation headed by Armenian Minister of Transport and Communication Gurgen Sargsyan will participate in the annual session of the TRACECA Intergovernmental

According to Hrant Bagratian, tax package under discussion
at Armenian parliament "sheer nonsense"
  • Economy
  • 2009-06-12 18:00:00

YEREVAN, JUNE 12, NOYAN TAPAN. The tax package, which is being discussed at the RA National Assembly and envisages the constant presence of a tax inspector

Kirk Kerkorian not concerned about economic crisis, The New
York Times reports
  • Economy
  • 2009-06-12 18:00:00

NEW YORK, JUNE 12, NOYAN TAPAN - ARMENIANS TODAY. The New York Times on June 11 addressed the losses sustained by 92-year-old billionaire of Armenian descent

Sorcio plans to increase its production volumes to 5-10
million dollars by 2010
  • Economy
  • 2009-06-11 19:00:00

YEREVAN, JUNE 11, NOYAN TAPAN. Sorcio company plans to increase its production volumes by late 2009 with the assistance of 125 million drams (about 403.8 thousand

CBA considers rumors about transfer of money to Kurdistan
Workers' Party through Armenian banks as fabricated
  • Economy
  • 2009-06-10 22:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. The rumors spread by Turkish sources that money is transferred to the Kurdistan Workers' Party (PKK) through Armenian banks are fabricated

Employees of Agarak copper and molybdenum enterprise
lodge complaint against Geopromining company
  • Economy
  • 2009-06-10 22:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. By not making real investments, Geopromining company - the owner of Agarak Copper and Molybdenum Enterprise has brought the enterprise to

Armenia to receive first tranche of World Bank's
stabilization credit soon
  • Economy
  • 2009-06-10 21:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. The first tranche of 25-30 million USD of the World Bank's 500 million-dollar stabilization credit will be soon transferred to Armenia.

Discussion "The Current State, Programs and Opportunities
of SME Financiang" held in Yerevan
  • Economy
  • 2009-06-10 21:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. A discussion on the subject "The Current State, Programs and Opportunities of Financing of Small and Medium Enterprises" was held in

Shiraz Kirakosian appointed member of Armenia's Public
Services Regulatory Commission
  • Economy
  • 2009-06-10 20:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. Armenian President Serzh Sargsyan on June 9 signed a decree on appointment of Shiraz Kirakosian a member of the RA Public

National strategy of radioactive waste management to be
developed in Armenia
  • Economy
  • 2009-06-10 20:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. The working group on development of the radioactive waste management strategy on June 10 held its first sitting conducted by Secretary

At suggestion of Armenian government, vote on package of
tax amendments postponed at National Assembly for 15 days
  • Economy
  • 2009-06-10 20:00:00

YEREVAN, JUNE 10, NOYAN TAPAN. The Armenian government on June 10 proposed postponing the vote on the package of tax amendments at the National Assembly for

Vote on package of tax amendments postponed
  • Economy
  • 2009-06-09 22:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. The speaker of the RA National Assembly Hovik Abrahamian stated at the June 9 sitting that the vote on the package

CBA reduces refinancing rate by 0.25% to 6%
  • Economy
  • 2009-06-09 22:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. At the June 9 sitting, the Central Bank of Armenia (CBA) made a decision to reduce the refinancing rate by 0.25%

Property redistribution is done in Armenia under the name
of fight against shadow economy, Andranik Tevanian says
  • Economy
  • 2009-06-09 21:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. The bill envisaging the constant presence of a tax inspector at a big enterprise is anticonstitutional and conflicts with liberal values.

According to Serzh Sargsyan, entrance of France Telecom
Orange into Armenian market to give new quality to
Armenian-French economic cooperation
  • Economy
  • 2009-06-09 21:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. Receiving Vice President of France Telecom Orange company Olaf Swantee and Director General of Orange Armenia Bruno Dutois on June 9,

Armenian parliament approves annual report on
implementation of 2008 state budget
  • Economy
  • 2009-06-09 20:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. The National Assembly of the RA on June 9 approved the annual report on implementation of the 2008 state budget with

Seminar "Public Internal Financial Control in the EU and
Armenia" held in Yerevan
  • Economy
  • 2009-06-09 19:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. The seminar "Public Internal Financial Control (PIFC) in the EU and Armenia" was held in Yerevan on June 9 on the

Orange Armenia to start providing Internet and mobile
communication services in last quarter of 2009
  • Economy
  • 2009-06-09 19:00:00

YEREVAN, JUNE 9, NOYAN TAPAN. Orange Armenia company will start providing Internet and mobile communication services in the last quarter of this year, Orange company's Vice

Serzh Adamian re-elected chairman of Chamber of Commerce
and Industry of Khakasia
  • Economy
  • 2009-06-08 22:00:00

ABAKAN, JUNE 8, NOYAN TAPAN - ARMENIANS TODAY. Serzh Adamian on June 4 was re-elected Chairman of the Chamber of Commerce and Industry (CCI) of the

Synopsys and MIET reach agreement to extend operation of
joint educational program
  • Economy
  • 2009-06-08 22:00:00

MOSCOW, JUNE 8, NOYAN TAPAN. Synopsys company, a world leader in electronic design automation software for semiconductor design, and Moscow Institute of Electronic Technique (MIET) have reached

It is proposed revising calculation procedure of fixed
payments for operation of gas filling stations
  • Economy
  • 2009-06-08 20:00:00

YEREVAN, JUNE 8, NOYAN TAPAN. The RA National Assembly on June 8 passed in first reading the bill on amendments and additions to the Law on

38 tons of sweet cherry exported from Armenia as of June 5
  • Economy
  • 2009-06-08 18:00:00

YEREVAN, JUNE 8, NOYAN TAPAN. As of June 5, 38 tons of sweet cherry was exported from Armenia, which was by 4 tons more than in

Armenian prime minister delivers lecture at opening
ceremony of program of lectures on crisis by "Financial Banking
College" Foundation
  • Economy
  • 2009-06-08 18:00:00

YEREVAN, JUNE 8, NOYAN TAPAN. Armenian Prime Minister Tigran Sargsyan on June 5 took part in the opening ceremony of the program of lectures entitled "The

Anti-crisis program of government operates
  • Economy
  • 2009-06-05 21:00:00

YEREVAN, JUNE 5, NOYAN TAPAN. Zangezur Copper and Molybdenum Enterprise (ZCME) has paid off the 10 million-dollar credit received from Armenian government, RA Minister of Finance Tigran

Armenian government to brisk up credit provision
  • Economy
  • 2009-06-05 19:00:00

YEREVAN, JUNE 5, NOYAN TAPAN. The passivity of banks in the provision of consumer credits is a phenomenon typical of not only the Armenian banking system.

Modernization of Armenian railway continues
  • Economy
  • 2009-06-05 18:00:00

YEREVAN, JUNE 5, NOYAN TAPAN. Modernization of Armenian railway continues and large-scale changes will be made this year as well, Director General of South Caucasus Railways

4.5 billion dollars to be spent on construction of new
nuclear power plant in Armenia
  • Economy
  • 2009-06-05 18:00:00

YEREVAN, JUNE 5, NOYAN TAPAN. 4.5 billion USD will be spent on construction of the new nuclear power plant in Armenia. RA Minister of Energy and

Construction work of new power unit of Yerevan TPP proceeds
according to schedule
  • Economy
  • 2009-06-05 18:00:00

YEREVAN, JUNE 5, NOYAN TAPAN. The construction work of the new power unit of Yerevan Thermal Power Plant (TPP) is proceeding according to the schedule, and

Armenian government expands opportunities of pilot program
on state subsidization of agriculture
  • Economy
  • 2009-06-05 18:00:00

YEREVAN, JUNE 5, NOYAN TAPAN. At the June 4 sitting, the Armenian government took a decision to make changes in the government decision of July 12,

Pan-Armenian Expo 3rd International Universal Exhibition to
be held between October 23 to 25 in Yerevan
  • Economy
  • 2009-06-04 20:15:00

YEREVAN, JUNE 4, NOYAN TAPAN. The Pan-Armenian Expo 3rd International Universal Exhibition will be held between October 23 to 25 at Yerevan K. Demirchian Sports and

RA parliament ratifies agreement on provision of state
credit of 500m USD by RF
  • Economy
  • 2009-06-03 19:55:00

YEREVAN, JUNE 3, NOYAN TAPAN. On June 2, the RA National Assembly ratified the agreement signed between the RA and RF governments on 2009 May 20

All programs initiated by Eduardo Ernekian in various
spheres in Armenia are in process of normal implementation
  • Economy
  • 2009-06-03 18:55:00

YEREVAN, JUNE 3, NOYAN TAPAN. RA President Serzh Sargsyan met with Chairman of the American International Airports company Eduardo Ernekian on June 2. It was mentioned

In 2008 RA Ministry of Diaspora economizes 20% resources
provided from state budget
  • Economy
  • 2009-06-03 18:30:00

YEREVAN, JUNE 3, NOYAN TAPAN. In 2008 the RA Ministry of Diaspora spent 80m of 101m drams allocated to it. Minister of Diaspora Hranush Hakobian reported

Armenian government proposes introducing institution of
representative of tax body
  • Economy
  • 2009-05-30 13:40:00

YEREVAN, MAY 30, NOYAN TAPAN. The National Assembly of the RA on May 21 began discussing in first reading the package of quite contentious bills (submitted

Gem and jewelry sector to be exempt from 1% mandatory
profit tax on revenues from raw material import and export deals
  • Economy
  • 2009-05-30 13:39:00

YEREVAN, MAY 30, NOYAN TAPAN. At the May 21 sitting, the Armenian government approved the bill on amendments to the Law on Profit Tax and the

Former prime ministers of Armenia present their opinions of
how to get out of economic crisis
  • Economy
  • 2009-05-30 13:36:00

YEREVAN, MAY 29, NOYAN TAPAN. There are now two crises in Armenia, one of which is conditioned by the impact of the global financial and economic

Decline of Armenian economy will make 7-12% in late 2009,
Hrant Bagratian says
  • Economy
  • 2009-05-30 13:35:00

YEREVAN, MAY 30, NOYAN TAPAN. The decline of Armenian economy will make 7-12% in late 2009. However, as the former prime minister of Armenia, head of

12-month inflation makes 3.4% in Armenia
  • Economy
  • 2009-05-30 13:34:00

YEREVAN, MAY 30, NOYAN TAPAN. The consumer price index made 103.4% in Armenia in May 2009 compared to May 2008, including the index of food commodities

Inspectorial checks of all kinds to be forbidden at small
and medium enterprises in Armenia in 2009-2010
  • Economy
  • 2009-05-30 13:30:00

YEREVAN, MAY 30, NOYAN TAPAN. By instruction of the Armenian president, the Armenian government on May 29 will take an unprecedented decision, whose purpose is to

USD 30 million out of half billion to be allocated to Armenia's small and medium business development
  • Economy
  • 2009-05-26 14:32:00

Yerevan , May 26, Noyan Tapan. USD 30 million out of half billion of Russia's loan will be directed to support the small-to-medium business development in Armenia. In

Sergei Aleksashenko: Devaluation of national currencies of Armenia and Russia is a lesson for two countries
  • Economy
  • 2009-05-26 02:10:00

Yerevan, May 26, Noyan Tapan. The current world financial and economic crisis is the first global recession, and no country can escape its impact, told Sergei Aleksashenko, former

Small-to-Medium business should be developed to resist economic crisis, says Abel Aghanbegyan.
  • Economy
  • 2009-05-25 11:55:00

Yerevan, Noyan Tapan, May 25. On the initiative of Policy Forum Armenia, an economic forum started at the American University of Armenia on May 25 with a goal to

Turkish businessmen may acquire Armenian Nuclear Power
Plant's shares, but Turkish companies not to participate in its
construction
  • Economy
  • 2009-05-22 18:36:00

YEREVAN, MAY 22. NOYAN TAPAN. At the May 19 sitting, the National Security Council of the RA heard the RA Minister of Energy and Natural

Armenian GDP declines 9.7% in January-April 2009 on same
period of last year
  • Economy
  • 2009-05-22 18:35:00

YEREVAN, MAY 22, NOYAN TAPAN. Armenia's GDP declined by 9.7% in January-April 2009 on the same period of 2008 and amounted to 638bn 939m drams (more

Armenia's budget spending increases by 10.4 per cent over the first quarter
  • Economy
  • 2009-05-18 03:17:00

Yerevan, May 18, Noyan Tapan. Over the first quarter of this year Armenia's state budget spending reached 153.4 billion drams (USD 411.8 million), which is 10.4 per cent more

Students of Armenian Polytechnic Institute are prize-winners of Kasperski Lab's competition
  • Economy
  • 2009-05-17 21:25:00

Yerevan, May 17, Noyan Tapan. Students of the State Engineering University of Armenia Elena Kosolapova and Nina Azizyan were awarded first degree diplomas in the competition of Kasperski Lab

Armenian Datacom Company reduced its monthly fees for Internet Office mini
  • Economy
  • 2009-05-17 16:32:00

Yerevan, May 17, Noyan Tapan, Armenian Datacom Company CJSC (ADC) has reduced its monthly fees for Internet office mini services, a broadband Intenet access specially designed for small and

Meeting of Armenian-American intergovernmental work group held in Yerevan.
  • Economy
  • 2009-05-16 13:08:00

Yerevan, May 16, Noyan Tapan. A regular meeting of the Armenian-American intergovernmental working group was held in Yerevan on May 13. A number of issues related to regional integration

Armenia’s Central Bank defined 7.25 per cent refinancing interest rate
  • Economy
  • 2009-05-15 20:11:00

Yerevan, May 15, Noyan Tapan. Armenia’s Central Bank Council reduced the refinancing interest rate by 0.25 percentage point to 7.25 per cent. As the CB public relation department reported,

Armenian subsidiary of Virage Logic International increases
its work wolume by 20%
  • Economy
  • 2009-05-08 19:00:00

YEREVAN, MAY 8, NOYAN TAPAN. Virage Logic company (U.S), a leader in the development of intellectual property of semi-conductor equipment memory components, in early 2009 moved the

Armenian state budget revenues decrease by 9.7% against
first quarter of 2008
  • Economy
  • 2009-05-08 18:25:00

YEREVAN, MAY 8, NOYAN TAPAN. In 2009 January-March RA state budget's revenues made nearly 139.8bn drams and expenditures 153.4bn drams, on the line of which 103.1%

World crisis has also positive consequences for some
Armenian companies
  • Economy
  • 2009-05-08 18:15:00

YEREVAN, MAY 8, NOYAN TAPAN. Nearly 90% Armenian businessmen said that the crisis has already had an impact on their company's activity and only 5% think

Nearly 70% Armenian population have already felt negative
impact of crisis on their own incomes
  • Economy
  • 2009-05-08 18:05:00

YEREVAN, MAY 8, NOYAN TAPAN. The Economy and Values Research Center in April-May conducted study Situational Estimation of Economic Crisis Impact on Armenia's Economy. The study results

Artsakh web page launched at the ITB website
  • Economy
  • 2009-05-08 16:45:00

STEPANAKERT, MAY 8, NOYAN TAPAN. An Artsakh web page is launched at the website of the Berlin International Tourism Exhibition (ITB), (www.virtualmarket.itb-berlin.de). It provides corresponding information on

"Orange" to start providing services from October-November
  • Economy
  • 2009-05-08 12:50:00

YEREVAN, MAY 5, NOYAN TAPAN. The second operator of the mobile communication market of Armenia French Orange projects to invest 75 million USD in the

Price for petrol decreases by 20.3% and for diesel fuel by
25.6% in one year in Armenia
  • Economy
  • 2009-05-04 15:45:00

YEREVAN, MAY 4, NOYAN TAPAN. Price for petrol decreased by 20.3% and for diesel fuel by 25.6% in 2009 April compared with 2008 April.

RA government undertakes serious steps to prevent swine flu
infection penetration
  • Economy
  • 2009-04-30 20:30:00

YEREVAN, APRIL 30, NOYAN TAPAN. "The swine flu infection spreads very quickly, it transmits from one person to another, therefore we are ready in advance

International Conference "Influence of the Global Economic Crisis on Armenia's Economy" to be Held in Yerevan in July
  • Economy
  • 2009-04-30 14:00:00

Yerevan, April 30, Noyan Tapan, To explore the impact of the global economic crisis on Armenia, the Armenian International Policy Research Group (AIPRG) with support of the RA

Nerses Eritsian: World Financial Crisis will Reach its Peak by the End of This Year
  • Economy
  • 2009-04-30 14:00:00

Yerevan, April 30, Noyan Tapan. The world economic and financial crisis will reach its peak by the end of this year, told the minister of economy of Armenia

Armenia's Nairit Plant Resumes Operations
  • Economy
  • 2009-04-29 22:40:00

Yerevan, April 29, Noyan Tapan. After more than 4-month-long idleness the Nairit Chemical Plant will resume production of rubber on basis of chloroprene technology at its full

Armenia's Nairit Chemical Plant Launch Butadiene-based
Rubber Production Line by Late 2009
  • Economy
  • 2009-04-29 22:38:00

Yerevan, April 29, Noyan Tapan: The «Nairit Plant» CJS Company intends to launch a butadiene-based production of rubber by the end of 2009. Currently, acetylene-chloroprene-based technology

6.1 per cent of Economic Downturn was Observed in over the
First Quarter in Armenia
  • Economy
  • 2009-04-22 20:36:00

Yerevan, April 22, Noyan Tapan. Within the first quarter of this year the economic growth of Armenia reached 93.9 per cent, which means 6.1 per cent

Additional Half to One Billion Dram May be Allocated to
Social Payments
  • Economy
  • 2009-04-17 17:30:00

Yerevan, April 17, Noyan Tapan. Additional half to one billion dram may be allocated to social payments, said Armen Hambardzumian, Minister of Labor and Social

Armenian Water-Sewerage Company Faces Financial Problems
  • Economy
  • 2009-04-17 16:50:00

YEREVAN, April 17. Noyan Tapan. The Armenian Water-Sewerage Company has encountered difficult problems since the beginning of the year due to the global economic and financial

Services in IT grew by 24.2 per cent, while communication
services decreased by 5 per cent.
  • Economy
  • 2009-04-17 14:05:00

Yerevan, April 16, Noyan Tapan. Over January-February of 2009 the volume of services in the sphere of IT (computer and related activities) reached 3 billion 184.6

IMF will Support to Overcome the Problems Armenia Face
Today
  • Economy
  • 2009-04-14 20:12:00

Yerevan, April 14, Noyan Tapan. The president of Armenia Serzh Sargsian welcomed on April 11 the newly appointed regional head of Middle East and Central Asia

Reduced Budgetary Expenditures and No Sequester,
Assures Armenia's Minister of Finance
  • Economy
  • 2009-04-14 19:32:00

Yerevan, April 14, Noyan Tapan. Armenia's GDP declined by 3.7 per cent within January-February 2009 compared with the same period of last year, told Armenia's minister

"Anti-Competitive Agreements: Monitoring Rules and
Evaluation of Available Methods" Program to be implemented in
Armenia supported by OSCE Yerevan's Office
  • Economy
  • 2009-04-14 19:14:00

YEREVAN, April 14, Noyan Tapan. With support of the OSCE Yerevan's Office the Armenian State Commission on Protection of Economic Competition will carry out the "Anti-Competitive Agreements:

Synopsis Armenia Develops New Software Tool to Accelerate
Semiconductor Design
  • Economy
  • 2009-04-14 18:45:00

Yerevan, April 14, Noyan Tapan. A new yield management tool for designing microelectronic products was developed by engineers of Synopsis-Armenia, one of the main branches of Synopsis

Government Approves the 2009 Program of State Support to
Gyumri Techno Park
  • Economy
  • 2009-04-14 18:30:00

Yerevan, April 14, Noyan Tapan. The Government of Armenia approved the 2009 Program of state support to the work of Gyumry Techno Park on April 9

Governments Reveals Biased Approach to Drivers, Says ARFD
Parliamentarian
  • Economy
  • 2009-04-14 18:28:00

Yerevan, April 8, Noyan Tapan: Requiring from private taxi drivers to get out of use vehicles used longer than 10 years, the government does not raise

Armenia's Tourism Industry is not developed enough in
respect of using IT tools
  • Economy
  • 2009-04-14 16:24:00

Yerevan, 14 April, Noyan Tapan. A workshop devoted to IT Solutions for tourism industry was organized on April 14 in Yerevan by the USAID funded Competitive

The Union of Domestic Producers Can Assist to Armenian Exports
  • Economy
  • 2009-04-10 20:36:00

Yerevan, April 10, Noyan Tapan. The purpose of the meeting called by the prime minister Tigran Sargsian on April 8 was to discuss the current economic situation with domestic producers and to

First international specialized exhibition "entertainment
and leisure EXPO 2009" is held in Yerevan on May 2-4
  • Economy
  • 2009-04-10 20:30:00

Yerevan, April 10, Noyan Tapan. "Entertainment and leisure EXPO 2009" first international specialized exhibition will launch on 2-4 May at "Moscow House" in Yerevan. The

The Government of Armenia will not Draw up 2010-2012 State
Midterm Expenditure Program
  • Economy
  • 2009-04-10 20:16:00

Yerevan, April 10, Noyan Tapan: On April 7 the National Assembly of Armenia adopted several draft laws and legislative packages, discussed on the previous day.

Millennium Challenges Foundation Stopped Financing Construction
Works in Armenia
  • Economy
  • 2009-04-10 20:12:00

Yerevan, April 10, Noyan Tapan. Millennium Challenges Foundation regards two spheres: implementation of Armenia's program and its correspondence to requirements of the corporation, including the fight against corruption, told Alex Rasin, Director

Ameriabank Pays Annual Bonuses to Encourage Employees
  • Economy
  • 2009-04-08 19:00:00

YEREVAN, APRIL 8, NOYAN TAPAN. Irrespectively of developments on the financial market, Ameriabank will pay annual bonuses to encourage its personnel. The Board of Directors of the

LSOFT up the stage of effective management
  • Economy
  • 2009-04-07 17:50:00

YEREVAN, APRIL 7, NOYAN TAPAN. LSOFT Ltd has been working in the IT market since 1995. One of the main tendencies of actions is the developing

Russian Credit of 500 million USD will be Given Armenia on
schedule
  • Economy
  • 2009-04-04 17:34:00

Yerevan, April 4 Noyan Tapan. 500 million USD credit of Russia will be given to Armenia according to schedule. Currently, a new variant of a changed

Workgroup will Prepare Armenia-Iran Railway Construction
Project
  • Economy
  • 2009-04-04 17:30:00

Yerevan, April 4, Noyan Tapan. The World economic and financial crisis give rise to deepen and tighten bilateral relationship, which will strengthen both Armenia's and Iran's resistibility

Armenia-Sweden Business Seminar Started in
Yerevan
  • Economy
  • 2009-04-03 16:32:00

Yerevan, April 3, Noyan Tapan. Armenia-Sweden business seminar started in Yerevan on April 2. Delegatation headed by state secretary on trade issues of Sweden Gunman

Encouraging Regional Cooperation through Information
Technology Conference Started in Yerevan
  • Economy
  • 2009-04-03 16:05:00

Yerevan, April 3, Noyan Tapan. Encouraging Regional Cooperation through Information Technology two day conference started its work on April 2 in Yerevan. Representatives of information

Consumer Price Index Grew by 1 Per Cent over the last year
in Armenia
  • Economy
  • 2009-04-02 20:00:00

Yervan, April 2, Noyan Tapan The Consumer Price Index in March 2009 compared with December 2008 reached 100,7 per cent, including index of food goods (including

Prices of Non-Food Goods Grew by 3,7 per cent in March 2009
in Armenia
  • Economy
  • 2009-04-02 20:00:00

Yervan, April 2, Noyan Tapan. 2.2 per cent of total drop in prices of non-food commodities over January-February this year was followed by the 1.4

Kapan Ore Processing Enterprise will Resume Operations
  • Economy
  • 2009-04-02 17:20:00

Kapan, April 2, Noyan Tapan. Robert Fallerta, General Director of the Deno Gold Mining company CJSC, former Kapan ore processing enterprise, announced at the press-conference

WB program on access to finance for small-to-medium
businesses launched
  • Economy
  • 2009-04-02 17:14:00

Yervan, April 2, Noyan Tapan: The WB program of access to finance for small-to-medium businesses of Armenia was launched on March 31. This is the first

Businessmen estimate as quite flexible the leasing services
of Ameriabank
  • Economy
  • 2009-04-02 17:12:00

Yervan, April 2, Noyan Tapan: Ameriabank organized a presentation on leasing services on March 30-31. Big businessmen operating in different spheres of economy, importers of vehicles, industrial,

Prime minister participates in launching orbital receivng
station
  • Economy
  • 2009-04-02 17:10:00

Yerevan, April 2, Noyan Tapan. Armenia's Prime Minister Tigran Sargsian participated in the launching of the orbital receiving station at the Center of Geodesy and Cartography

Order of receiving opinions on CBA draft normative legal
acts comes in force from April 1
  • Economy
  • 2009-04-01 16:35:00

YEREVAN, APRIL 1, NOYAN TAPAN. The order of Giving a Possibility to Present Opinions by Society on CBA Draft Normative Legal Acts came in force from

10 millon dollar credit agreement signed between
Ardshininvestbank and WorldBusiness Capital Inc.
  • Economy
  • 2009-03-27 22:00:00

WASHINGTON, MARCH 27, NOYAN TAPAN. A 10 million-dollar credit agreement was signed between Ardshininvestbank and WorldBusiness Capital Inc. (the U.S.) at the Armenian embassy in Washington on

Leonidas Chrysanthopoulos: BSEC's activity was efficient
during chairmanship of Armenia
  • Economy
  • 2009-03-27 21:00:00

YEREVAN, MARCH 27, NOYAN TAPAN. Issues related to Armenia's chairmanship of the Black Sea Economic Cooperation Organization (BSEC) were discussed at the March 27 meeting of

Meeting of transport ministers of BSEC member states
presided over by Armenia for first time
  • Economy
  • 2009-03-27 20:00:00

YEREVAN, MARCH 27, NOYAN TAPAN. A meeting of transport ministers of member states of the Black Sea Economic Cooperation Organization (BSEC) took place in Yerevan on

Director General of ACBA-Credit Agricole Bank Stepan
Gishian honored with French National Order of Merit
  • Economy
  • 2009-03-26 23:00:00

YEREVAN, MARCH 26, NOYAN TAPAN. The Director General of ACBA-Credit Agricole Bank Stepan Gishian received a French National Order of Merit on March 26. The French

itel.am website of Armenia's communication sector launched
  • Economy
  • 2009-03-26 20:00:00

YEREVAN, MARCH 26, NOYAN TAPAN. The operation of itel.am website is important from the point of view that users will have the opportunity to learn news

K-Telecom and ArmenTel discuss problem of reviewing
conditions of connecting each other's channels and services
  • Economy
  • 2009-03-26 19:00:00

YEREVAN, MARCH 26, NOYAN TAPAN. The two biggest operators in Armenia's communication sector - K-Telecom and ArmenTel companies discuss the problem of reviewing the conditions of connecting

K-Telecom not to delay terms of its programs'
implementation
  • Economy
  • 2009-03-26 17:00:00

YEREVAN, MARCH 26, NOYAN TAPAN. K-Telecom company, an operator in Armenia's communication sector, will not delay the terms of implementation of its programs, Director General of K-Telecom

Virage Logic starts one of its biggest university programs
at YSU
  • Economy
  • 2009-03-25 22:00:00

YEREVAN, MARCH 25, NOYAN TAPAN. The start of Virage Logic company's Giant Scale Integration Electronic Circuit Design and Test Program at the IT Educational and Research

World Bank programs in Armenia to help overcome negative
consequences of global financial and economic crisis
  • Economy
  • 2009-03-25 22:00:00

YEREVAN, MARCH 25, NOYAN TAPAN. The opportunities and prospects of Armenia's further cooperation with the World Bank under conditions of the global financial and economic crisis were

Armenian Minister of Economy and WB Executive Director
discuss issue of opening Armenian-Turkish border
  • Economy
  • 2009-03-25 20:00:00

YEREVAN, MARCH 25, NOYAN TAPAN. During the March 24 meeting with the Executive Director of the World Bank Rudolf Jan Treffers, RA Minister of Economy Nerses

Nairit will resume rubber production by April 15, Armenian
minister of energy says
  • Economy
  • 2009-03-24 23:00:00

YEREVAN, MARCH 24, NOYAN TAPAN. At the March 20 court sitting of the RA Administrative Court, Nairit chemical plant, whose debt to Electric Networks of Armenia

Implementation of programs of Unireso insurance company and
Gegamet mining company proceeds according to schedule
  • Economy
  • 2009-03-24 22:00:00

YEREVAN, MARCH 24, NOYAN TAPAN. The implementation of the programs of Unireso insurance company and Gegamet mining company proceeds according to the schedule. Responding to NT correspondent's

Number of subscribers of Armenia Water and Sewerage Company
grows threefold in past 4 years
  • Economy
  • 2009-03-24 19:00:00

YEREVAN, MARCH 24, NOYAN TAPAN. Since 2004 the quality of drinking water has improved in Armenia thanks to implementation of the 23 million-dollar Community Water Supply

"Health Care and Pharmaceutics. Expo 2009" to be held in
Yerevan on April 10-13
  • Economy
  • 2009-03-24 15:46:00

YEREVAN, MARCH 24, NOYAN TAPAN. The 8th international exhibition "Health Care and Pharmaceutics. Expo 2009" will be organized by Logos Expo Center company with the assistance

Presentation of distribution of Artsakh HPP OJSC's
securities takes place
  • Economy
  • 2009-03-20 21:00:00

YEREVAN, MARCH 20, NOYAN TAPAN. The presentation of distribution of Artsakh Hydro-Power Plant (HPP) OJSC's securities took place at Yerevan's Marriott-Armenia Hotel on March 20. The event

5th meeting of energy ministers of BSEC member states held
in Yerevan
  • Economy
  • 2009-03-20 18:00:00

YEREVAN, MARCH 20, NOYAN TAPAN. A regular - 5th meeting of energy ministers of the Black Sea Economic Cooperation Organization (BSEC) member states was held in

Exchange rate of national currency against foreign currency
should form in a market way rather than by extensive regulation,
chairman of Uniastrum Bank says
  • Economy
  • 2009-03-20 17:00:00

YEREVAN, MARCH 20, NOYAN TAPAN. The exchange rate of the national currency against foreign currency should form in a market way rather than by extensive regulation.

Unibank continues its growth process
  • Economy
  • 2009-03-20 17:00:00

YEREVAN, MARCH 20, NOYAN TAPAN. After 7 years of successful activities, Unibank continues its growth process. In 2008 the bank strengthened its positions in Armenia's deposit

Construction of Amirian Plaza to finish in two years
  • Economy
  • 2009-03-20 16:00:00

YEREVAN, MARCH 20, NOYAN TAPAN. Over 15 million USD was invested by the Amirian Plaza business and cultural center construction project, while the total amount of

Armenia's GDP declines 3.7% in January-February 2009 on
same period of 2008
  • Economy
  • 2009-03-20 16:00:00

YEREVAN, MARCH 20, NOYAN TAPAN. Armenia's GDP declined 3.7% in January-February 2009 on the same period of last year and made 282 billion 159.7 million drams

Administrative Court of Armenia invalidates auction of Bjni
Plant's compulsory sale
  • Economy
  • 2009-03-19 22:00:00

YEREVAN, MARCH 19, NOYAN TAPAN. The Adminstrative Court of Armenia presided over by Judge Artsrun Mirzoyan on March 19 invalidated the auction of compulsory sale of

Ameriabank continues using modern programs
  • Economy
  • 2009-03-19 21:00:00

YEREVAN, MARCH 19, NOYAN TAPAN. In the current economic situation, Ameriabank continues using modern programs in Armenia's financial market. This time the bank offered new, flexible conditions

7th joint sitting of Armenian-Belarusian intergovernmental
commission on economic cooperation held in Minsk
  • Economy
  • 2009-03-19 20:00:00

MINSK, MARCH 19, NOYAN TAPAN. The 7th joint sitting of the Armenian-Belarusian intergovernmental commission on economic cooperation issues is being held in Minsk, the capital city

2 billion drams to be allocated from Armenian state budget
for construction work in earthquake zone
  • Economy
  • 2009-03-19 19:00:00

YEREVAN, MARCH 19, NOYAN TAPAN. 2 billion drams will be allocated from Armenia's state budget for construction work in the earthquake zone. The minister of finance

World Bank "stabilization" credits of 50 million dollars to
be transferred to Armenia within two weeks
  • Economy
  • 2009-03-19 19:00:00

YEREVAN, MARCH 19, NOYAN TAPAN. The World Bank's "stabilization" credits worth 50 million USD will be transferred to Armenia within two weeks. The minister of finance

"Yeghegnadzor" branch of Ardshininvestbank to re-open on
March 20
  • Economy
  • 2009-03-19 18:00:00

YEREVAN, MARCH 19, NOYAN TAPAN. The re-opening of repaired "Yeghegnadzor" branch of Ardshininvestbank will take place on March 20. The branch has been equipped with modern

JICA mission to visit Armenia in early May
  • Economy
  • 2009-03-19 17:00:00

YEREVAN, MARCH 19, NOYAN TAPAN. The RA minister of transport and communication Gurgen Sargsyan on March 18 received the head of Japan International Cooperation Agency (JICA)

OPEC to give 14 million dollar credit to Armenia for
implementation of rural areas development programs
  • Economy
  • 2009-03-19 16:06:00

YEREVAN, MARCH 19, NOYAN TAPAN. The RA National Assembly on March 19 ratified the loan agreement for "The Market Opportunity to Farmers" Program signed between the

Microsoft's Armenian website be launched in second half of2009
  • Economy
  • 2009-03-18 23:00:00

YEREVAN, MARCH 18, NOYAN TAPAN. Microsoft's Armenian website will be launched in the second half of 2009, Grigor Barseghian, Director of Microsoft RA company - Microsoft's Armenian

Armenian government does not want to follow example of U.S.
administration
  • Economy
  • 2009-03-18 22:00:00

YEREVAN, MARCH 18, NOYAN TAPAN. The sums provided by the World Bank and other international financial organizations more contribute to enrichment of Armenian banks than to

Minister of transport does not rule out increase of
transport fares
  • Economy
  • 2009-03-18 21:00:00

YEREVAN, MARCH 18, NOYAN TAPAN. The Armenian minister of transport and communication does not rule out the possibility of an increase of transport fares. At the

Microsoft launches BizSpark program in Armenia
  • Economy
  • 2009-03-18 21:00:00

YEREVAN, MARCH 18, NOYAN TAPAN. Microsoft RA company - Microsoft's Armenian subsidiary has launched BizSpark program on development of IT enterprises in Armenia in cooperation with

Sale of Armenian hand-made carpets by immediate makers to
be exempt from VAT, profit and income taxes
  • Economy
  • 2009-03-18 20:00:00

YEREVAN, MARCH 18, NOYAN TAPAN. The RA National Assembly on March 18 discussed in second reading the government-submitted legislative package envisaging additions to the Law on

Refugees displaced from Azerbaijan to have opportunity to
apply for privatization of apartments occupied by them by June
30, 2010
  • Economy
  • 2009-03-18 20:00:00

YEREVAN, MARCH 18, NOYAN TAPAN. The RA National Assembly on March 18 passed a number of bills and legislative packages (discussed on the same day), by

Amount of sums confiscated by SCECA almost doubles in 2008
as compared with previous year
  • Economy
  • 2009-03-17 22:00:00

YEREVAN, MARCH 17, NOYAN TAPAN. A total of 6 billion 780 million 663 thousand drams (about 1 million 822 thousand USD) was confiscated by the Service

National Assembly deputy proposes increasing state social
payments by 20%
  • Economy
  • 2009-03-17 21:00:00

YEREVAN, MARCH 17, NOYAN TAPAN. Independent deputy of the National Assembly Victor Dallakian proposed increasing pensions, benefits and other social payments by 20%. He said at

George Washington University lecturers pass their
experience to Armenian tourism managers
  • Economy
  • 2009-03-17 20:00:00

YEREVAN, MARCH 17, NOYAN TAPAN. Tourism management courses will be conducted by lecturers of George Washington University (US) in Yerevan on March 17-24. The lecturers have

Tigran Sargsyan: Armenian businessmen try to use new
opportunities being created in jewelry sector
  • Economy
  • 2009-03-17 19:00:00

YEREVAN, MARCH 17, NOYAN TAPAN. In the opinion of Armenian Prime Minister Tigran Sargsyan, under conditions of the global crisis, serious difficulties have arisen in Armenia's

CBA proposes introducing greater responsibility with
respect to those who violate requirements of currency
legislation
  • Economy
  • 2009-03-17 18:00:00

YEREVAN, MARCH 17, NOYAN TAPAN. The RA National Assembly on March 17 passed the bills and legislative packages discussed the day before. The bills and packages

Accident of 7 wagons occurs at Hrazdan Solak railway
section
  • Economy
  • 2009-03-17 17:00:00

YEREVAN, MARCH 17, NOYAN TAPAN. There was an accident of 7 wagons loaded with gold ore at Hrazdan Solak railway section at 11:40 pm on March

Group engaged in illegal sale and purchase of foreign
currency revealed in Yerevan
  • Economy
  • 2009-03-16 20:00:00

YEREVAN, MARCH 16, NOYAN TAPAN. The press center of the RA National Security Service (NSS) issued a press release, according to which an organized criminal group,

Tax payers for agricultural lands to receive some tax
concessions
  • Economy
  • 2009-03-16 20:00:00

YEREVAN, MARCH 16, NOYAN TAPAN. 69 issues, including 10 international agreements presented by Armenian president for ratification, are on the agenda of the National Assembly's plenary session

State duty for departure from Armenia by air transport to
be included in ticket prices from March 29
  • Economy
  • 2009-03-16 17:00:00

YEREVAN, MARCH 16, NOYAN TAPAN. At the March 12 sitting, the Armenian government approved the order of collection of the state duty for departure of natural

"Interprint" 4th international exhibition to be held in
Yerevan on March 21-24
  • Economy
  • 2009-03-16 17:00:00

YEREVAN, MARCH 16, NOYAN TAPAN. The 4th international exhibition "Interprint - Printing, Advertising, Design and Packing EXPO-2009" will be held at the show-room of the Union

Gagik Minasian: There is no imperative necessity to review
state budget now
  • Economy
  • 2009-03-16 16:00:00

YEREVAN, MARCH 16, NOYAN TAPAN. The Armenian government has already put forward an initiative to adopt by-laws and make some legislative amendments in order to mitigate

Financial ombudsman of Armenia receives 18 complaints in
February 2009
  • Economy
  • 2009-03-14 17:00:00

YEREVAN, MARCH 14, NOYAN TAPAN. The financial ombudsman of Armenia received 18 application-complaints in February 2009. According to a press release of the Financial Ombudsman Office, out

Bureau Veritas introduces quality management system at
Diagen Plus diagnostic laboratory
  • Economy
  • 2009-03-14 16:00:00

YEREVAN, MARCH 14, MOYAN TAPAN. Bureau Veritas corporation, an international leader in certification sector, has introduced a quality management system in line with ISO 9001:2000 international standard

Armenia to sign agreement on adoption of customs
supervision experience from Lithuania by late 2009
  • Economy
  • 2009-03-13 22:05:00

YEREVAN, MARCH 13, NOYAN TAPAN. An agreement on introduction of Lithuania's customs supervision experience in Armenia will be signed between the two countries under the EU TAIEX

Armenian banks buy more than 40 million USD and sell 38
million USD over five days
  • Economy
  • 2009-03-13 22:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. In the period of March 9-13, the banks bought 40,337,547 USD at the average exchange rate of 363.20 drams per dollar

Strengthening relations with neighboring countries to help
reduce negative impact of crisis
  • Economy
  • 2009-03-13 20:30:00

YEREVAN, MARCH 13, NOYAN TAPAN. During the March 13 meeting, Armenian Prime Minister Tigran Sargsyan and Iranian Foreign Minister Manouchehr Mottaki expressed satisfaction at economic cooperation between

11th disbursement's bid to Millennium Challenge Corporation
approved
  • Economy
  • 2009-03-13 20:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. A sitting of the Governing Council of the Millennium Challenge Account (MCA) - Armenia took place at the RA government on

Hrant Bagratian: Armenia's import sector should be
gradually demonopolized in order to overcome crisis
  • Economy
  • 2009-03-13 19:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. The consequences of the global financial and economic crisis will have a much longer impact in Armenia than in Western countries

IMF forecasts about 1.5% economic recession in Armenia in
2009 are realistic
  • Economy
  • 2009-03-13 18:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. The IMF's forecasts that 1.5% economic recession will be recorded in Armenia in 2009 are realistic, the minister of finance Tigran

Armenian government approves package of protocol decisions
on redistribution of 2009 state budget
  • Economy
  • 2009-03-13 17:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. At the March 12 sitting, the Armenian government approved the package of protocol decisions on redistribution of the 2009 state budget.

Culmination of crisis to be noticeable in Armenia in autumn
  • Economy
  • 2009-03-13 16:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. In modern history of Armenia, 2009 will be the hardest year for the country's economy, the former chairman of the Central

Armenian government shifts to strict regime of savings
  • Economy
  • 2009-03-13 16:00:00

YEREVAN, MARCH 13, NOYAN TAPAN. "The Armenian government should shift to a strict regime of savings, we should save state resources and spend in line with

Fines of 1.2 million drams imposed on organizers of prize
games in February
  • Economy
  • 2009-03-11 20:00:00

YEREVAN, MARCH 11, NOYAN TAPAN. In February 2009, the RA ministry of finance warned organizers of 10 prize games and one casino. The ministry also recorded

10% growth in number of tourists to Armenia expected this
year
  • Economy
  • 2009-03-11 20:00:00

YEREVAN, MARCH 11, NOYAN TAPAN. By data of the World Tourism Organization, the average annual growth of tourism in the world made 4-4.5%, even 6.2% in

Armenia in 91st place by tourism competitiveness in 2008
  • Economy
  • 2009-03-11 18:00:00

YEREVAN, MARCH 11, NOYAN TAPAN. By estimates of the International Tourism Forum, in 2008 Armenia in terms of tourism competitiveness and attractiveness has declined from the previous

Armenia finishes preparatory work for supplying power to
Turkey
  • Economy
  • 2009-03-11 18:00:00

YEREVAN, MARCH 11, NOYAN TAPAN. The Armenian side has finished preparatory work for supplying electric power to Turkey, and the power supply will start after the

Armenian prime minister receives EBRD regional director and
newly-appointed head of Yerevan Office
  • Economy
  • 2009-03-11 17:00:00

YEREVAN, MARCH 11, NOYAN TAPAN. Issues related to developing Armenia's cooperation with the European Bank for Reconstruction and Development (EBRD) were duscussed at the March 11 meeting

3 million euros provided in budget support to Armenia from
European Commission Food Security Programme
  • Economy
  • 2009-03-10 21:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. 3 million euros has been provided in budget support to Armenia from the European Commission Food Security Program (FSP), NT was

It is more realistic to create tourism, health and
educational centers in Armenia
  • Economy
  • 2009-03-10 20:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. The purpose of the National Competitiveness Foundation of Armenia (NCFA) is to ensure economic development and promote competition in the country.

Armen Harutyunian: Tolerance should become component of our
culture
  • Economy
  • 2009-03-10 19:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. The state should take measures so that ordinary citizens and small business will not carry the main burden of the global

577,375 subscribers connected to Armenia's gas system as of
March 1
  • Economy
  • 2009-03-10 18:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. The number of actual gas consuming subscribers of ArmRusgazprom CJSC grew by 1,531 in February and made 577,375 as of March

New sudden rise in exchange rate of dollar not expected,
deputy minister of finance says
  • Economy
  • 2009-03-10 18:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. "The current exchange rate of the dram is economically substantiated and I do not think that there will be a new

Data on some trade points sent to State Revenue Committee
  • Economy
  • 2009-03-10 17:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. Data on those trade points that raised prices of some living essentials under the pretext of the exchange rate fluctuations on

According to Tatul Manaserian, gradual shift to floating
exchange rate would not affect negatively purchasing capacity of
population
  • Economy
  • 2009-03-10 16:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. A sudden shift to a floating exchange rate policy was a correct and objective approach, otherwise the Armenian economy would have

Nerses Yeritsian: Armenia has potential for developing
pharmaceutical and tourism sectors
  • Economy
  • 2009-03-10 14:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. Information and high technologies, tourism, and pharmaceutical sector are of importance from the viewpoint of diversification and increasing the Armenian economy's export

President Serzh Sargsyan visits Liqvor pharmaceutical
company
  • Economy
  • 2009-03-10 14:00:00

YEREVAN, MARCH 10, NOYAN TAPAN. Armenian president Serzh Sargsyan visited Liqvor CJSC on March 7. According to the director general of the company Sergei Matevosian, the

IMF approves US$540 Million Stand-By Arrangement for
Armenia
  • Economy
  • 2009-03-10 14:00:00

WASINGTON, MARCH 10, NOYAN TAPAN. The Executive Board of the International Monetary Fund (IMF) has approved a 28-month SDR 368 million (about US$540 million) Stand-By Arrangement

John Deere agricultural machinery to be available to
Armenian farmers
  • Economy
  • 2009-03-06 23:00:00

YEREVAN, MARCH 6, NOYAN TAPAN. Under the distributorship agreement signed between John Deere International and CARD AgroService CJSC on March 6, CARD AgroService will sell and service

Poverty Reduction Support Credits program of Armenia
announced winner of WB competition
  • Economy
  • 2009-03-06 23:00:00

YEREVAN, MARCH 6, NOYAN TAPAN. A package of programs to be implemented in Armenia within the next 4 years with the financing of the World Bank

Vartan Oskanian: Armenian government should be more
transparent and sincere with society
  • Economy
  • 2009-03-06 20:00:00

YEREVAN, MARCH 6, NOYAN TAPAN. Today the greatest problem of Armenia is to halt the decline in economic growth, and in order to solve this problem,

Appreciation of Armenian dram had negative impact on
development of domestic production, Vazgen Safarian says
  • Economy
  • 2009-03-06 19:00:00

YEREVAN, MARCH 6, NOYAN TAPAN. The appreciation of the Armenian dram has had a negative impact on the development of domestic production, as a result of

Aharon Adibekian: Consequences of economic crisis will
become visible in Armenia in autumn
  • Economy
  • 2009-03-06 18:00:00

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