‘Economics’ Archives
How to defend Armenia from the crisis
Former RA Prime Minister, economist Hrant Bagratyan doesn't exclude the continuation of the global economic crisis and if so, foresees that the crisis will hit Armenia in September-October. According to him, if the government is smart, it will put an end to the devaluation of the euro. "Armenia [...]
Will MP Samvel Alexanian be fined?
RA State Commission for the Protection of Economic Competition (SCPEC) is scheduled to make a decision on the unfair competition and violations committed by Alex Grig Company this week. SCPEC's check-ups revealed that several types of vodka, bottled and sold by Alex Grig, received their [...]
Huawei and ZTE intend to launch activity in Armenia
Armenian President Serzh Sargsian, who is in China for a visit, held meetings with Executive Director of Huawei Corporation and President of ZTE Corporation. Mediamax reports referring the press service of the President that Serzh Sargsian and Head of ZTE Corporation discussed the chances for [...]
Serzh Sargsyan and Hu Jintao discussed Armenia-Iran railway construction
Development of the relations with China is a priority of Armenia’s foreign policy, RA President Serzh Sargsyan said during the meeting with Chinese President Hu Jintao. Serzh Sargsyan arrived in China to participate in the opening ceremony of Expo 2010 Shanghai. According to RA President, high [...]
Armenia’s GDP increased by 5.5% in Q1 2010
RA National Statistical Service (NSS) publicized information about the socio-economic situation in Armenia in Jan-March, 2010. In Jan-March, 2010 Armenia’s GDP increased by 5.5% compared with the same period last year. According to statisticians, GDP per capita made nearly AMD 175.000 ($455 or [...]
Third of commercial banks suffer losses
According to RA National Statistical Service, as of December 31, 2009 of 22 commercial banks in Armenia only 14 operated in the black, generating profit of AMD 12.4 billion. The rest eight banks ended the year in red totaling AMD 3.8 billion. Thus, total profit of Armenian commercial banks made AMD [...]
17.4% increase in Armenia’s budget revenues in Jan-Mar
This January-March, Armenia’s state budget revenues totaled 164.1bn AMD, and on-budget expenditures 170.1bn AMD – 107.8% and 90.5% implementation of the respective government programs for the first trimester. The pres service of the RA Ministry of Finance informed NEWS.am that, during the [...]
Kazakh Parliament ratifies Armenian-Kazakh investment agreement
The Senate of the Kazakh Parliament adopted a law on ratification of an Armenian-Kazakhs intergovernmental agreement on encouragement and mutual protection of investments, reported Kazakhstan Today. The agreement was signed on November 6, 2006. The document is supposed to improve the investment [...]
List of 1,000 largest taxpayer of Armenia published
The RA State Revenue Committee has published a list of 1,000 largest Armenian taxpayers for January-March 2010. The first three leaders have remained the same since the corresponding period last year. However, the ArmRusgasprom CJSC, which paid a total of 5.2bn AMD to the state budget this [...]
Greece downgraded to junk status: S and P
Greece's debt has been downgraded to junk status by Standard & Poor's amid mounting fears that the debt crisis in Europe is spiralling out of control. In a statement on Tuesday, the agency says that it is lowering its rating on Greece's debt to BB+ from BBB- - that means that the country's debt [...]
