Economy

EU to allocate over €157m to Armenia

The European Union will allocate a €157.3m to Armenia within the framework of the European Neighborhood Policy.
Tue, 02 Mar 2010 13:38:45 -0600

Iran ready to purchase more Azerbaijani gas

“Iran is ready to purchase 5bn m3 gas from Azerbaijan per year,” Iranian Ambassador to Azerbaijan Mohammad Baqer Bahrami stated in Feb. 25 press conference.
Fri, 26 Feb 2010 08:44:45 -0600

Economic troubles are behind

“Though it is early to speak of economic revival, tendencies towards recovery are registered in a number of countries worldwide,” RA NA Speaker Adviser Tatul Manaseryan told journalists on Feb. 25.
Thu, 25 Feb 2010 07:46:30 -0600

Armenian ex-premier critical of Armrosgazprom

“Why do Armenian gas consumers have to pay U.S. $341 for 1,000 cubic meters if Russia gas will be purchased at U.S. $180 from April 1,” the Armenian ex-premier, member of the Armenian National Congress (ANC) Hrant Bagratyan told reporters.
Wed, 24 Feb 2010 08:41:15 -0600

Nabucco project stalemated, European expert states

Gas is a geopolitical instrument now, so the purpose of a higher gas price for Turkey may be to remind the country of something, Alexander Rar, a European energy expert for CIS.
Wed, 24 Feb 2010 08:33:28 -0600

Save your neck!

Last year saw a collapse of the economic policy implemented in Armenia and actually approved of by influential international banks, including the World Bank (WB).
Mon, 22 Feb 2010 07:01:45 -0600

Russia ready to abate gas price for Turkey

Gazprom discusses possible price cut of gas supplied to Turkey, said RF Deputy Premier Igor Sechin after the meeting with Turkish Energy Minister Taner Yildiz.
Fri, 19 Feb 2010 12:35:37 -0600

RA National Statistical Service published economic data

In January, 2010 Armenian economy registered 2.4% increase in GDP compared with the same period in 2009. Industrial products' volume in the country increased by 6.5%, electricity production — 3.7%, agricultural commodities — 3.1%, RA National Statistical Service informs.
Fri, 19 Feb 2010 12:33:37 -0600

Georgia to join International Renewable Energy Agency

Georgia will join the International Renewable Energy Agency (IRENA). The decision will be approved by voting at the forthcoming parliament session, as the economy committee already gave its consent.
Fri, 19 Feb 2010 12:11:24 -0600

IMF Economists Tell Bankers to Consider Higher Inflation

The International Monetary Fund's top economist, Olivier Blanchard, says central bankers should consider aiming for a higher inflation rate than they do currently to lessen the chances of repeating the recent severe recession.
Sat, 13 Feb 2010 04:45:01 -0600