With a 80 to 14 vote, the Armenian parliament adopted the 2011 draft budget on December 9, 2010.
December 11, 2010
With a 80 to 14 vote, the Armenian parliament adopted the 2011 draft budget on December 9, 2010. The budget totals AMD 1.1 trillion, with revenues expected to be AMD 852 billion and deficit of AMD 148 billion.
Systematic struggle against corruption is impossible in a country where impunity reigns.
December 11, 2010
The population in Armenia is inclined to think that corruption is an ordinary phenomenon, the truth of life, which can’t be combated.
Blockade is the worst barrier for investments in the republic’s economy.
December 4, 2010
During the past week, Armenia focused on possibilities to improve business environment.
The State Commission for the Protection of Economic Competition seems incapable to address the issue.
November 29, 2010
Pricing is one of the most complicated phenomena in business, the price determining the number of customers and money inflow into the company.
The number of tourists who visited Armenia in January-September 2010 increased by 15.6%.
November 20, 2010
The number of tourists who visited Armenia in January-September 2010 increased by 15.6%. 488,000 tourists visited the country over the nine months of 2010. Besides, 19% growth was recorded in outgoing tourism over the same period, totaling 474,000 people.
Poor awareness and lack of experience are the main obstacles to the initiative.
November 13, 2010
According to a survey conducted among 100 Armenian companies, 75% of them are implementing energy saving programs. However, poor awareness and lack of experience are the main obstacles to the initiative. Only 48% of Armenian entrepreneurs consider power efficient production to be a business priority.
Cheese makers explain the unexpected rise in prices for cheese by increasing prices for milk.
November 6, 2010
The food basket in Armenia comprised AMD 28064,4 in the third quarter of 2010, against AMD 26485,4 in the second quarter. According to the National Statistical Service, the basket of goods totaled AMD 43499.8 per month or AMD 492629,1 per year. The annual expenses per person: bread (AMD 35,2 thousand), meat (AMD 78,4 thousand), milk (AMD 23,8 thousand), cheese (AMD 11,8 thousand), potato (AMD 22,7 thousand), vegetables (AMD 28,9 thousand), fruit (AMD 39,4 thousand), sugar (AMD 6 thousand), eggs (AMD 7,3 thousand), oil (AMD 4,8 thousand).
A ferry dock will be built in Kerch, what will help boost the flow of Armenia-bound goods.
October 30, 2010
Heads of customs services of CIS member states gathered in Yerevan to tackle a number of issues to integrate their economies.
Yerevan hosted the first ever All-Armenian conference of bankers and financiers, which brought together 100 participants from 10 countries.
October 23, 2010
On October 17-19, Yerevan hosted the first ever All-Armenian conference of bankers and financiers, which brought together 100 participants from 10 countries.
Iranian Trade and Investment Agency intends to establish a branch in Yerevan.
October 16, 2010
Foreign investors believe that Armenia has created favorable conditions for business.