| 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.
IT and Telecom
| 15.07.14 | 10:52
From next year domains in Mesrobian (Armenian) alphabet may be registered in Armenia, Deputy Director of the Internet Society of Armenia Grigori Saghyan told media on Monday, reports Armenpress
| 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.
| 08.07.14 | 11:59
The periodical increases in energy prices in the last few years and Armenia’s decision to join the Russia-led Customs and Eurasian Unions are leading the country to energy isolation, some economists believe.
| 04.07.14 | 10:21
The World Bank this week approved a US$50 million loan for the Trade Promotion and Quality Infrastructure Project for Armenia. The project is designed to strengthen the government’s capacity to promote exports, attract foreign and domestic investments, and enhance quality services to business expansion, according to the organization’s press release.
| 01.07.14 | 15:27
Against complaints from consumers the Public Services Regulatory Commission (PSRC) on Tuesday confirmed that electricity will cost more beginning August 1. The new rate will be an increase of about 10 percent, bringing the cost to an average of about 12 cents per kilowatt hour.