2011 national budget will ensure social stabilityWith 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. Corruption, the truth of lifeSystematic 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. Armenia resolved to be among top 20 countries most attractive for businessBlockade 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. Authorities have to tackle pricing problem in ArmeniaThe 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. RA government, NCFA develop tourismThe 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.  Armenian companies undertake power efficient productionPoor 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. Armenian people protest rise prices for cheeseCheese 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). CIS customs officers to combat shadow economyA 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. Bankers and financiers strengthening Armenia-Diaspora tiesYerevan 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. Armenia can become a trade bridge between neighboring countriesIranian 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. |  Most popular While the EU ponders its fate, Armenia continues on the road to recovery  Armenia has managed to reduce poverty, slash inflation, stabilize its currency, and privatize many business enterprises.Armenia gave int’l community no cause to question its banking system CBA issued a response to Reuters article, which claimed Iran expands presence in Armenian banking system.Features of Armenian Free Economic Zone How the idea of establishing Free Economic Zone in Armenia emerged Other articlesSociety: Armenia’s stance on anti-tobacco law Arts & Showbiz: Golden Apricot: festivities for Yerevan and its guests IT & Telecom: Employers and job seekers: how to find each other  Interviews News from the sectionIMF calls for “ambitious” economic policy reforms in Russia The International Monetary Fund has cut its forecast for Russia’s GDP growth in 2014 to 3.25 percent from 3.8 percent.USD market average rate totals AMD 412.51 June 18 The market average rate of USD totaled AMD 412.51 on June 18 decreasing by 1.01 point compared to June 13.Boeing starts work on 787 Dreamliner stretched-out version The company is already working on a longer version, the 787-9, that would hold between 250 and 290 passengers. |
