Armenia will discuss NNP safety with international experts amid nuclear concerns

Being located in a seismic zone, Armenia should learn a lesson from the situation Japan came to face after the earthquake.

March 19, 2011
Japan disaster reminds that provision of nuclear power plant safety in Armenia, as well as infrastructures, securing its uninterrupted work must be in the focus of attention, according to Armenian Prime Minister Tigran Sargsyan, who said a discussion involving international specialists will be held, to obtain expert advice on efforts to be taken to provide the nuclear power plant safety.

Armenian government to suggest legislative initiatives aimed at tackling inflation

The government will submit a Program of Sustainable Economic Development soon, which includes also poverty reduction.

March 5, 2011
Predictably, the inflation rate continues growing in Armenia and, according to forecasts, it will approach 10% in the first half of 2011. According to the updated statistical data, 1.9% inflation rate was recorded in Armenia's consumer market in February compared to January 2011. The inflation is basically conditioned by 1.5% and 3.4% growth in prices for foodstuff (including alcoholic beverages and cigarettes) and tariffs for services respectively. Prices for non-foods also grew by 0.6% during the reporting period.

Registration of business in Armenia to take 3 days from Match 7, 2011

According to the Grant Thornton International Business Report (IBR), Armenian businessmen have shown an increase in the level of their optimism for the year 2011, showing a significant positive swing equal to +48% against the last year’s +32%.

March 2, 2011
According to 2010 Investors Without Borders, it will take 18 days to register business in Armenia while neighboring Georgia offers 4 days to accomplish the procedure, attracting more investors. Besides, Georgia is described as a country completely open for investments.

Armenian government bombast inflation through social programs and unchangeable gas prices

Although Armenians are strong and accustomed to hardships, social tensions threaten to transform into a revolt one day.

February 26, 2011
The population of Armenia can take a breath and stop worrying about possible rise in prices for natural gas.

Armenia not ready to use switch to energy-saving light bulbs

The European Union has started considering the project on repealing the introduced ban on incandescent light bulbs.

February 23, 2011
Armenia is considering possibility to use energy-saving light bulbs. Pilot programs are being implemented. However, the Armenian market is not large enough to establish a plant for energy-saving light bulbs production. Besides, forcing the population to use such bulbs only is not a solution.

Armenian population fears possible regular rise in gas prices

Armenian government assures it continues negotiating with Russia to prevent upsurge of energy resources tariffs.

February 12, 2011
While the population is expecting the regular rise in prices for natural gas, Armenian government assures it continues negotiating with Russia to prevent upsurge of energy resources tariffs. The results are expected to be announced in late February.

Vodka consumption grows when political problems emerge

Correct government policy is essential to create an attractive image of Armenian wine market.

February 5, 2011
Consumption of vodka grows when political problems emerge, according to chairman of the Union of Armenian Winemakers Avag Harutyunyan. It’s not a secret that political situation gets more tensed, with the false start to the 2012 parliamentary election given.To prove his viewpoint, he presented the statistical data on alcoholic drinks in Armenia.

Will Armenian authorities be able to suppress inflation?

Prices for foodstuffs continue growing in Armenia.

January 31, 2011
The main event of the past week was World Economic Forum in Davos, which brought together heads of state or government and entrepreneurs from all around the world. Business leaders tackled topics like globalization, social network addiction, burn-out and the economic rise of India and China.

New Year has a bad start for Armenian tradesmen

Cargo transportation companies imposed higher tariffs, on the one hand, while the city administration toughened conditions, on the other.

January 22, 2011
The New Year brought new difficulties for Armenian trade industry. Cargo transportation companies imposed higher tariffs, on the one hand, while the city administration toughened conditions, on the other.

Armenian authorities resolved to secure economic growth

Tigran Sargsyan: it is evident that the world will not return to its pre-crisis economic model. However, the new model has not been developed yet, what is a serious challenge.

January 15, 2011
The world economy is moving from a post-crisis bounce-back phase of the recovery to slower but still solid growth this year and next, with developing countries contributing almost half of global growth, according to the World Bank’s latest Global Economic Prospects 2011.