Economy

Economy

24/05 New gas prices to take effect in Armenia from July 7-10

Economy

The new gas prices for Armenian consumers will come into force on July 7-10, head of the country’s Public Services Regulatory Commission Robert Nazaryan said.

24/05 “Armenia pays $270 per 1,000 cubic meters for gas at border, ...

Economy

ArmRosgasprom’s application to Armenia’s Public Services Regulatory Commission says as from April 1 the company, according to its agreement with Gasprom, pays $270 per 1,000 cubic meters for gas at the border, head of the Commission Robert Nazaryan said.

24/05 Electricity price to rise from 30 to 38 drams per kilowatt-ho...

Economy

Electricity daytime (from 7am to 11pm) tariff will rise in Armenia from the current 30drams per kilowatt-hour to 38 drams, head of Armenia’s public regulatory commission Robert Nazaryan said during the debates in the parliament.

23/05 Russian consumer watchdog allows five Armenian companies to sell their fish products in Russia

Economy

Rospotrebnadzor, Russian consumer watchdog, has permitted five Armenian companies to export their fish products to Russia, Abram Bakhachagulyan, head of the State Food Safety Service, an affiliation of Armenian agriculture ministry, said today.
23/05 Cost of one cubic meter of gas for Armenian households may rise to 156 drams

Economy

The cost of one cubic meter of gas for Armenian households could rise from current 132 drams to 156 drams, down from earlier projected 221 drams, if the government subsidizes the increase in price of imported Russian gas by 30 percent, as pledged by prime minister Tigran Sargsyan, according to Garegin Baghramyan, head of a Public Services Regulatory Commission’s (PSRC) unit in charge of pricing policy.
23/05 CIS statistical committee: Armenia’s freight traffic shrinks 2.9% in Jan-March 2013

Economy

Armenia’s freight traffic (less pipelines) shrank 2.9% in Jan-March 2013, compared with the same period a year earlier, the Statistical Committee of the Commonwealth of Independent States reports.
23/05 Control chamber decries setting 2 bio toilets at AMD 100 Mln in Armenia

Economy

The decision of Armenian Economy Ministry to install two composting toilets, in Yerevan and Syunik region, valued at 100 million drams was ineffective.
23/05 World Bank approves us $30 million loan for irrigation system enhancement project in Armenia

Economy

The World Bank Board of Executive Directors today approved a US$30 million loan for the Irrigation System Enhancement Project (ISEP) in Armenia.
23/05 Armenia’s cabinet backs up reimbursement program for farmers in hail-damaged Armavir region

Economy

The government of Armenia approved Thursday the reimbursement program targeted at the farmers in Armavir region which was hit by a disastrous hail on May 12.
23/05 Armenia showed second biggest industry growth in CIS in Q1 – 15.8%

Economy

Armenia had the second biggest industry growth among CIS countries in Q1 – 15.8%, as compared to the same period of the year before, says the report of CIS statistical committee.
23/05 Armenian government sues Armavia

Economy

Armenia’s state revenues committee, on behalf of the government, took a legal action against Armavia air company in relation to so called air tax, Armenia’s minister of finance David Sargsyan said in the parliament Wednesday.
23/05 Number of complaints to notarial palace dropped in Armenia in 2013

Economy

Number of complaints and applications to the Notarial Palace of Armenia was less than 40 in the fist fourth months of 2013, press office of the agency told ARKA.
23/05 Ford plans to shut all Australian production by 2016: BBC

Economy

US car giant Ford Motor will shut all its Australian manufacturing plants by October 2016, after more than 85 years of making vehicles in the country.
22/05 Armenian government ready to hand supervision levers to opposition to protect minority shareholders in large companies

Economy

The government is ready to hand a set of supervision levers to the opposition when it comes to protection of the rights of minority shareholders in large companies, prime minister Tigran Sargsyan said today during a Q&A parliamentary session.
22/05 Year-on-year inflation recorded at 2.9% in Armenia in Jan-March 2013

Economy

Year-on-year inflation was recorded at 2.9% in Armenia in Jan-March 2013, and the average inflation rate in the CIS countries was 1.7%, the Statistical Committee of the Commonwealth of Independent States reports.
22/05 At least $18.5 Еrillion hidden by wealthy individuals in tax havens worldwide: Oxfam says

Economy

At least $18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing a loss of more than $156 billion in tax revenue, according to new figures published today by international agency Oxfam.
22/05 Early settlement of Karabakh conflict vital for Armenian economy: Russian expert

Economy

Early settlement of Karabakh conflict and lifting of blockade are of vital importance to Armenia and its economy, head of post-soviet studies institute of the Russian Academy of Sciences Leonid Vardomskiy said in his interview to ARKA.
21/05 MP blames increase in Russian gas price on global trends

Economy

The chairman of an Armenian parliament committee on economic affairs, Vartan Ayvazian from the ruling Republican Party of Armenia, blamed the anticipated rise in the price of imported Russian gas to Armenia on global trends.
21/05 Agriculture minister: Favorable environment for investments created in Nagorno-Karabakh Republic

Economy

Favorable environment for investments is created in Nagorno-Karabakh Republic, the Nagorno-Karabakh Agriculture Minister Andranik Khachatryan said Tuesday as met with Brian Steven Fer, the Honorary Consul of Armenia in Bergstrasse, Hesse, and Werner Hartman, a prominent businessman.
21/05 Armenian opposition lashes out at government’s program

Economy

On Monday prime minister Tigran Sargsyan presented his government’s plan of actions for 2013-2017 to parliament’s consideration. The prime minister had to answer a long string of questions from MPs. Today the parliament continued debates over the program with opposition MPs lashing out at it again.
21/05 Expert: Armenia should introduce new antihail systems

Economy

Armenia should shift from using anti-hail cannons to operating anti-hail networks, Hrach Berberyan, chairman of the Agrarian Peasant Union of Armenia, said on Tuesday.
21/05 Vegetable prices may double in Armenia due to hailstorm

Economy

Prices for vegetables and melons may rise by up to 100% because of the severe hailstorm that pounded several regions of Armenia last week, chairman of agrarian-peasant union of Armenia Hrach Berberyan told a press conference Tuesday. The hail damaged crops in Aragatsotn and Armavir regions in particular.
21/05 Hailstorm resulted in $35-40mln loss in Armavir and Aragatsotn

Economy

Hail damage to crops in Armavir and Aragatsotn regions of Armenia totaled around $35-40 million, chairman of agrarian-peasant union of Armenia Hrach Berberyan told a press conference Tuesday.

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12:14 New gas prices to take effect in Armenia from July 7-10

12:00 “Armenia pays $270 per 1,000 cubic meters for gas at border, not $180 as minister claims”: Head of Regulatory Agency

11:24 Electricity price to rise from 30 to 38 drams per kilowatt-hour in Armenia

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Economy

Economy

Economy

Economy

23/05 Russian consumer watchdog allows five Armenian companies to sell their fish products in Russia

23/05 Cost of one cubic meter of gas for Armenian households may rise to 156 drams

23/05 CIS statistical committee: Armenia’s freight traffic shrinks 2.9% in Jan-March 2013

23/05 Control chamber decries setting 2 bio toilets at AMD 100 Mln in Armenia

23/05 World Bank approves us $30 million loan for irrigation system enhancement project in Armenia

23/05 Armenia’s cabinet backs up reimbursement program for farmers in hail-damaged Armavir region

23/05 Armenia showed second biggest industry growth in CIS in Q1 – 15.8%

23/05 Armenian government sues Armavia

23/05 Number of complaints to notarial palace dropped in Armenia in 2013

23/05 Ford plans to shut all Australian production by 2016: BBC

22/05 Armenian government ready to hand supervision levers to opposition to protect minority shareholders in large companies

22/05 Year-on-year inflation recorded at 2.9% in Armenia in Jan-March 2013

22/05 At least $18.5 Еrillion hidden by wealthy individuals in tax havens worldwide: Oxfam says

22/05 Early settlement of Karabakh conflict vital for Armenian economy: Russian expert

21/05 MP blames increase in Russian gas price on global trends

21/05 Agriculture minister: Favorable environment for investments created in Nagorno-Karabakh Republic

21/05 Armenian opposition lashes out at government’s program

21/05 Expert: Armenia should introduce new antihail systems

21/05 Vegetable prices may double in Armenia due to hailstorm

21/05 Hailstorm resulted in $35-40mln loss in Armavir and Aragatsotn

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