Government-initiated reforms to produce results in 2011-2012

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.

Armenia summarizing 2010 outcomes

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.

Armenia enters period of government reshuffle

Representatives of the ruling Republican Party of Armenia assure that all dismissals are grounded.

December 18, 2010
Spokesman for the Armenian President was right to predict government reshuffle.

2011 national budget will ensure social stability

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.

Corruption, the truth of life

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.

Armenia resolved to be among top 20 countries most attractive for business

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.

Authorities have to tackle pricing problem in Armenia

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.

RA government, NCFA develop tourism

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.

Armenian companies undertake power efficient production

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.

Armenian people protest rise prices for cheese

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).