Business

Those Who Make 30,000, Let Them Get By With 28,000 Dram

Chair of the parliamentary Standing Committee on Social Affairs and Republican Party of Armenia MP Hakob R. Hakobyan believes no social crisis is expected in Armenia after April 1, given the rise in gas prices.
Wed, 10 Mar 2010 08:43:39 -0600

Equal Pay and Equal Rights

Despite the celebration this week of International Women's Day, which calls attention to the economic, social and political achievements of women around the world, more evidence is emerging that there's still much work not being done.
Wed, 10 Mar 2010 02:49:39 -0600

Yerevan Metro to Undergo Much-Needed Renovation This Year

The Government of Armenia, with the support of the European Bank for Reconstruction and Development (EBRD), will begin renovating the Yerevan Metro this year.
Wed, 10 Mar 2010 02:46:34 -0600

Sale of Border Lands to Juridical Persons Might be Prohibited in Armenia

The draft law on making amendments and additions to the RA Land Code was presented in today’s Standing Committee on State and Legal Affairs meeting.
Tue, 09 Mar 2010 07:11:33 -0600

China Faces New Pressure to Loosen Currency Controls and Let Currency Rise

China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan to ease strains on its fast-growing economy.
Mon, 08 Mar 2010 07:44:29 -0600

European Commission grants €7m to six CIS member-countries

The European Commission has awarded a €7m grant for SMB development in six countries of the Commonwealth of Independent States (CIS), including Armenia.
Thu, 04 Mar 2010 05:51:48 -0600

Starting April 1 gas price inflated

Feb. 26, Public Service Coordination committee (PSCC) approved a new gas rate. For the consumers it will make 132AMD per 1m3 instead of current 96AMD, rising up to 37.5%.
Fri, 26 Feb 2010 07:23:07 -0600

IMF’s tales and Armenian business in Russia

Mark Lewis, Chief of the International Monetary Fund (IMF) mission in Armenia, who recently visited the country, forecast economic growth of about 2% for this year.
Thu, 18 Feb 2010 09:03:08 -0600

Inflation Rises Above Target in Britain

Inflation in Britain rose above the Bank of England’s comfort zone in January, official data showed Tuesday. But the country’s top central banker attributed most of the increase to higher sales taxes and fuel prices, and said the effect would likely be temporary.
Tue, 16 Feb 2010 08:38:01 -0600

Out of CIS Residents, Armenians Cut Down Expenses the Most

As a result of the consequences of the global economic slowdown, out of the countries of the CIS (Commonwealth of Independent States), residents of Armenia and Ukraine (65% and 62%, respectively) have been forced to cut down on expenses and economize.
Mon, 15 Feb 2010 07:39:05 -0600