Posts Tagged ‘Economics’
Iran’s oil output shows no slowdown despite sanctions
Iran's crude oil output is expected to remain steady at around 3.5 million barrels per day (bpd) in February, its OPEC governor said on Thursday, February 23, showing no sign of a slowdown despite the West's sanctions against its oil exports, according to Reuters. "The production for this month [...]
USD market average rate totals AMD 389,34 Feb 23
The market average rate of USD on February 23 totaled AMD 389,34 increasing by 0.08 point compared to February 22. Euro exchange rate totaled AMD 518,64 increasing by 3.61 points, and the exchange rate of the Russian ruble increased by 0,09 point to total AMD 13,16. No currency deals were [...]
European Commission adopts € 24 million financing program for Armenia
The European Commission adopted on Monday the second part of the Annual Action Program (AAP) for Armenia for 2011, worth € 24 million. The program will contribute to the improvement of public sector transparency and performance, including the broadening of e-governance systems. Moreover it [...]
Number of poor increased by 270,000 in Armenia
Number of poor people increased by 270,000 in Armenia during the last two years, as a result of the 2008-2009 economic downturn. Currently there are 1.2 million poor people in Armenia, publication on social image of Armenia and poverty by the Armenian National Statistical Service for November [...]
US dollar goes down in Armenia
Following a relatively stable period US dollar went down again on NASDAQ OMX Armenia stock exchange on Tuesday with the exchange rate making AMD367/$1 against AMD368 on Monday. Most likely, the decline is conditioned by growth of supply ahead of new school year. Sales totaled $2.45 [...]
According to global competitiveness report, Armenia occupied the last but one line as to efficiency of anti-monopoly policy
According to global competitiveness report for 2010-2011, Armenia occupies the 138th place from among 139 researched countries as to efficiency of state anti-monopoly policy. Mediamax reports that, speaking at a news conference in Yerevan today, Director of “Economy and Research” Research [...]
Five presidents to arrive in Armenia for CSTO summit
Belarus President Alexander Lukashenko will arrive in Armenia to participate in the CSTO informal summit, representatives of Belarus Embassy in Yerevan. Earlier today Belarus president’s press service refused to give information. The only CSTO leader not to attend the summit is Uzbekistan’s [...]
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 [...]
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 [...]