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.
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.
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 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.
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.
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.
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.
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.
According to Investing Across Borders, 18 days are needed to establish business in Armenia.
January 8, 2011
Armenian Prime Minister Tigran Sargsyan characterized 2010 as a year of hard work aimed at coping with the aftermath of the global financial and economic crisis.
Serzh Sargsyan: 2011 should be a year of complete recovery and strengthening of our economy.
December 25, 2010
Armenia is summarizing 2010 outcomes. On December 24, Armenian President Serzh Sargsyan hosted a reception, inviting Armenian businessmen to celebrate Christmas and New Year’s Eve. The President spoke about the achievement and drawbacks of the outgoing year, giving high assessment to local entrepreneurs’ attempts to stabilize the economy.