‘Economics’ Archives
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 [...]
Euro falls to year-long low on debt crisis
The euro dropped below $US1.32 for the first time since April 2009 after Standard & Poor's lowered Greece's debt to junk and cut the rating of Portugal. The yen and greenback rallied versus most of their major counterparts including the South African rand and Australian dollar on concern [...]
U.S. government provides 50 tractors to Armenian farmers
April 22, for a few hours, farmer Henrik Yeghyazaryan’s plot at the entry to Dmitrov community (Ararat marz) became the site for signing leasing agreements by farmers who took possession of 50 tractors. The occasion was made possible by Farm Credit Armenia (FCA), one of the ten credit providers [...]
Armenia’s foreign trade turnover 29% up
Armenia’s foreign trade turnover showed a 29% increase in the first quarter of 2010 as compared with the corresponding period last year. Last year a consistent upward trend in the foreign trade turnover was halted, and the country’s foreign trade turnover showed a 27% decrease. Imports [...]
Toyota not to recall vehicles from Armenia
Toyota Motor Corporation did not send official message to Armenian representative Toyota-Yerevan for vehicles recalling, company’s manager Sergo Elbakyan told commenting on “Toyota Motors” decision to recall around 34.000 SUVs Lexus Land Cruiser Prado from several [...]
No conditions for AMD devaluation in Armenia
No financial and economic preconditions for AMD devaluation are available in Armenia. On the contrary, the Armenian economy needs funds, which will soon cause the economic growth to cease, the former chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan told. According to him, curbing [...]
Government vs. price rise: will it weather the storm?
Gas users have not yet received their gas bills for this April from the ArmRusgasprom CJSC, but commercial companies have jacked up their prices. Gas-filling stations proved to be “pioneers” in this fishy business. They were about to raise condensed gas prices, but, pressured by indignant [...]
ABD forecasts 2% economic growth for Armenia
Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, the Asian Development Bank (ADB) says in a new major report. ADB's annual flagship economic publication, Asian Development Outlook 2010 (ADO 2010), released today, [...]