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4 rules for business success

An ultimate guide

January 21, 2022
4 rules for business success
Once offline, a business environment with clear game rules of competition is now transformed into a modern digital world that frequently changes its rules. To be competitive in the modern digital era means keeping the pace of changes, aligning your business model to market and customer demands, and eventually stating your reputation. So how to be successful, or what is business success?

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.

Armenia eco-camps entice more and more foreign travelers

Green tourism on the rise in Syunik

January 29, 2018
Armenia eco-camps entice more and more foreign travelers
Armen Kazaryan and Siranish Vardanyan, a married couple who moved from the Russian city of Sochi to Armenia, founded an eco-camp in Kapan, Syunik province in 2015. The venue is pretty popular among ecotourism aficionados, including cyclists, climbers and hikers from around the world. The couple have resolved to turn the initiative into a social entrepreneurship and develop Armenia’s southern communities by involving locals in the tourism market.

Holy Etchmiadzin prefers solar energy

Church invests in alternative energy sources

July 25, 2017
Holy Etchmiadzin prefers solar energy
Mother See of Holy Etchmiadzin, which has always welcomed implementation of green technologies, is going to use solar energy to provide its constructions with hot water. Besides, with the blessing of Catholicos of All Armenians, His Holiness Karekin II, photovoltaic array is being installed at the area by Optimum Energy company.

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.
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