| 04.09.14 | 15:59
Experts claim that sanctions by the West against Russia because of the Ukrainian crisis have put Russia-dependent Armenia in a difficult economic state.
Although Armenian neighbor Iran’s resistance against the West did not have any major negative results on Armenia, this does not serve as a ground to think that Armenia will be able to withstand the problems awaiting the Russian economy.
| 04.09.14 | 10:37
Armenia has slipped by six points to the 85th rank among 144 countries in the Global Competitiveness Report 2014, according to head of the Economy and Values Research Center Manuk Hergnyan.
| 03.09.14 | 11:23
While Armenia is trying to promote its exports to Russia to benefit from the new economic conditions in this country, economists still remain skeptical about the efficiency and eventual success of the measures that are being taken.
| 30.07.14 | 11:06
Neither representatives of the political opposition nor many public figures have great expectations from Armenia’s new government that has already been described by some critics as ‘pro-oligarchic’. Those who trust in it and believe that it will carry out the necessary reforms appear to be a minority for now.
| 25.07.14 | 15:31
Joining the Eurasian Economic Union (EEU) will somewhat increase grape production in Armenia, as well as wine and brandy production volumes, however, because grape cultivating resources are limited in the country existence of markets might result in falsifications of products, winemaker Avag Harutyunyan told reporters on Friday.
| 24.07.14 | 17:30
The Armenian government wants to hand over the shares of Nairit and Nairit-2 companies instead of debts to the Ministry of Finance and Vorotan HPP CJSC. Thus, the executive tries to improve the financial state of the energy system.
| 17.07.14 | 11:12
The Armenian Ministry of Finance, part of which is now overseeing tax collection, says that 98 out of 1,200 corporate taxpayers have themselves decided to “specify” their tax obligations, which will result in additional state budget revenues of nearly $1 million.
| 11.07.14 | 12:07
Armenia and Iran are going to sign a memorandum on cooperation in the field of tourism. On Thursday Armenia’s government approved the memorandum that will enable both countries to coordinate and promote tourist visits between the two countries as well as international tours to both neighboring countries as a package.
| 10.07.14 | 16:00
The Akhtamar solar device invented by the Armenian scientist is the alternative for Armenia, which has limited energy resources of its own, and for solving future energy-related problems. The Armenian government, however, does not seem to pay due attention to the device, meanwhile, Armenia has to rely on Russian natural gas.
| 09.07.14 | 11:05
The crisis in Ukraine affects not only those living in that country, but also others former Soviet countries that have close ties with Russia. In particular, the sanctions imposed on Moscow because of the unfolding events in Ukraine also have had some impact on its post-Soviet allies, including Armenia, as economic growth in these countries apparently tends to slow down. Thus, the Armenian government has reconsidered its annual economic growth forecast, lowering it by more than one percentage point.