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Year of crises

Small and medium sized businesses weigh in on consequences of war

December 17, 2020
Year of crises
Within a year, Armenia was struck twice. The global pandemic has impacted almost every business; for months, the country has been paralyzed with small and medium enterprises suspending operations one after the other. While it was a world problem and we had a hope to recover soon after the quarantine, the country was struck for the second time by war, the fact that was predictable but still caused a shock. The business sector that somehow survived the coronavirus pandemic and was rehabilitating, was again under attack. All resources were used for the frontline, for supporting soldiers and refugees. The war that lasted more than forty days took lives and resources; the country and every single business sector faced the fact of complete uncertainty. And now, it is time to sum up by evaluating the losses, understanding the current situation, and sharing plans for the future.

Investments in Armenia’s greenhouses bear fruit

New markets opening for home-grown products

September 6, 2019
Investments in Armenia’s greenhouses bear fruit
Growing strawberries and raspberries might seem like an endeavor that’s far removed from the realm of politics. But in Armenia, one of the first countries to privatize land after the collapse of the Soviet Union, the fledgling market economy has offered greenhouse growers new opportunities to compete.

Cost-effectiveness or unemployment growth

Armenia’s “useless” manpower

July 20, 2017
Cost-effectiveness or unemployment growth
Back in October 2016, Armenian Prime Minister Karen Karapetyan instructed the heads of all governmental agencies to present proposals regarding reforms to be carried out within the public administration system. “Substitute the term ‘optimization’ with the term ‘drastic cuts’ to avoid misunderstanding,” the PM said at the time. PanARMENIAN.Net, in turn, presents the list of layoffs during the past year.

What will new Armenian money look like?

Hybrid banknotes

July 10, 2017
What will new Armenian money look like?
By the decision of Central Bank of Armenia (CBA), new hybrid currency will be introduced in the country. To learn some details, PanARMENIAN.Net talked to CBA numismatist Gevorg Mughalyan, who told about the advantages of the new money and explained why it will not be worn out in a short period of time.

Reduction of personnel and tax collection growth

State Revenue Committee changes its policy

June 6, 2017
Reduction of personnel and tax collection growth
During the past six months, the policy of Armenia’s State Revenue Committee (SRC) is undergoing changes. PanARMENAIN.Net presents some of them, including reduction of personnel, tax collection growth and tax amnesty, as well as tax exemption for self-employed citizens.

Countries and goods that boosted Armenian export in 2016

Record figures

February 4, 2017
Countries and goods that boosted Armenian export in 2016
The Armenian National Statistical Service has published the macroeconomic data for the period of January-December 2016, reporting 20% growth as compared to 2015. The export totaled $1,783 billion against $1,485 billion in 2015. The import amounted to about $3,292 billion against $3,239 in 2015 (1,6% growth).

8 most important economic events of 2016

Past year’s achievements and failures

January 10, 2017
8 most important economic events of 2016
PanARMENIAN.Net presents the most important economic developments of the year 2016.

How to save billions with tax service optimization

Armenian tax inspectors 4 times ‘lazier’ than Georgian counterparts

November 15, 2016
How to save billions with tax service optimization
There has been a lot of talk recently about unnecessary staff members in some state institutions. To make things clear, PAN decided to compare the number of tax inspectors operating in Armenia and Georgia and their responsibilities.

Paradox of Armenian consumer market

Smartphones instead of food and clothes

October 4, 2016
Paradox of Armenian consumer market
According to statistical data, despite the decline of Armenian retail business in the first half of 2016, the sales of smartphones, refrigerators, TVs and other equipment has grown.

Welcome to Iraq

Armenian cigarettes gaining popularity

May 27, 2016
Welcome to Iraq
Torn by wars and terrorism, Iraq was not an attractive market for Armenian businesses just several years ago. Nevertheless, the successful activity of Armenian cigarette exporters made the country their Number 2 destination, following Russia.
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