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Investments in sports and fashion: how to convert emotions into money
... clients. The franchise option is suitable for entrepreneurs who are prepared to provide significant start-up capital. Fashion - Retail and rental market. Second hand platforms are now actively developing as they offer authentic branded clothing at a low price and realise the idea of smart consumption. - Eco-friendly clothing and accessories lines. Customers are increasingly choosing manufacturers that follow the principles of sustainable development: introducing new technologies, incorporating resale ...
08/01/2024Major gasoline importers in Armenia suspected of abusing their dominant position
... gasoline stations in Yerevan. As a result of the study and comparison of information for 2022 and 2023, discrepancies in the cost of purchased gasoline, i.e. disproportionate purchase and selling prices (including manifestations of unreasonably high and low price policy by SPC Energy Group, Flash, Mega Trade and Max Oil companies) were revealed. According to the National Statistical Service, in November 2023 gasoline prices increased by 10.8% compared to November 2022. At the same time, a 0.5% price ...
12/26/2023Criminal case opened against ex-mayor of Abovyan, who is accused of embezzling about 538 million drams
... of cultural and historical value. Subsequently, K.G. registered the property to his mother's and cousins' names. The former mayor also privatized a swimming pool area, a public park, and sold an extensive land plot to a legal entity at an extremely low price, having changed the purpose of these plots in the relevant documentation. Thus, the cadastral value of the land plot envisaged for the construction of residential houses was 454.6 million drams. However, the territory was sold to A. Avdalyan ...
09/06/2023Minister names reason for low export price of apricots
In an interview with Public Television of Armenia Economy Minister Vahan Kerobyan said what was the reason behind low export prices of Armenian apricots. YEREVAN, June 29. /ARKA/. In an interview with Public Television of Armenia Economy Minister Vahan Kerobyan said what was the reason behind low export prices of Armenian apricots. "This year apricots are exported faster and more than ...
06/29/2023Armenia's business culture should be improved in order to boost exports - Head of Mantashyants Entrepreneurs Union (exclusive)
... development of Armenian exports, and what obstacles do you see in the current geopolitical situation? V. Mirakyan- Generally speaking, the situation with exports is bad. This is conditioned, for example, by the fact that grapes are bought from farmers at a low price. From the exporters' point of view, investments were harmed, and many projects were halted. If in the past the cost of a project, for example, was estimated at $3 million, now it has risen by 20%. Investors refuse to invest under these conditions....
11/15/2022Popularity of Armenian wines is growing in Russia
Wine importers in Russia report an increasing demand for Armenian wines, says Russian business daily ‘Kommersant.’ YEREVAN, November 14. /ARKA/. Wine importers in Russia report an increasing demand for Armenian wines, says Russian business daily ‘Kommersant.’ Luding Group’s marketing director Andrey Ushakov told the paper that Russian retailers are selling more Armenian wines of medium segment, while high segment wines are in demand in wine boutiques and HoReCa. According to him, Luding Group...
11/14/2022Armenia raises transparency of procurement tenders and rules out corruption risks
... well as to increase the transparency of the process and public confidence in the procurement process. As an example, he cited a government tender announced for the purchase of sanitizers that attracted three bidders. One of them had doubts that the low price offered by the winner was realistic and that the sanitizers were of required quality. He said the amended law now allows a tender participant who lost, mass media outlets or public organizations to take part in the process and check the compliance ...
03/03/2021Armenia to announce winner of tender for construction of Ayg-1 photovoltaic solar power station in 2021 February
... western Aragatsotn province, using bifacial technology. However, the broader agreement also includes the development, construction, operation and maintenance of ground-mounted PV installations, floating solar arrays, and wind farms. However, despite the low price offer, the government of Armenia decided to hold a tender in order to find a company that may submit a better offer, although Masdar will have priority. The company from the UAE will also take part in the tender. It will get an advantage to ...
12/03/2020Armenian antitrust agency denies allegation about increase in prices for military uniforms
... specialized goods informed the commission that they not only did not increase the prices for military uniforms, but even in some cases sold them at a reduced price. It is noted that in these conditions, a number of resellers were able to purchase goods at a low price and sell at a higher price. The Commission is working to detect and identify these companies and continues to work to find possible cases of violations. The Commission urges citizens to be careful when buying goods, and economic entities - to ...
10/08/2020Economy minister: Armenian companies to face difficulties because of developments at copper market
... some exporting companies with the main market in Russia and those engaged in the extraction and export of copper, the price of which has fallen from $ 6 thousand to $ 4.8 thousand per 1 ton since the beginning of the year. “This is a significantly low price. In the export structure of Armenia, a rather large share comes on copper concentrate. During the past year, if I am not mistaken, copper concentrate in the amount exceeding $ 550 million dollars in last year's prices were exported over the ...
03/20/2020Government of Armenia is considering ways to cut the state duty for cognac and mead producers
... the entire production process. “The whole process should be completely controlled - from procurement to distillation and production. Today, about 51 business entities are engaged in production of cognac, but 80% of the products are sold at a very low price and it is necessary to monitor the entire production chain to understand the reasons and sources of raw materials.” - said Gevorgyan. Prime Minister Nikol Pashinyan noted in this connection that the mechanism proposed by Gevorgyan is necessary ...
03/19/2020Head of agricultural organization warns of price rise
... causes serious damage also to tomatoes, tobacco and eggplant. Berberyan explains the reluctance of the ministry to help farmers fight the potato moth by the interests of some oligarchs, who do not want farmers to sell their products to canneries at low price. "Oligarchs in Armenia have built several large greenhouses that sell tomatoes at the wholesale price of 250 drams per kg, while farmers can sell their tomatoes for 30-40 drams per kg," Berberyan claimed. Berberyan warned also that ...
10/08/2018Armenia and Russia to discuss natural gas price
... President Vladimir Putin agreed to look into the pricing of Russian gas delivered to Armenia, when they met in the Kremlin on September 8, according to Russian TASS news agency. He said the Russian natural gas is delivered to Armenia by Gazprom at a rather low price ($150 per one thousand cubic meters), but the problem is that Gazprom’s Armenian subsidiary - Gazprom Armenia - sells it to Armenian households at almost $300. He said Putin and he agreed that discussions are needed to understand how this ...
09/10/2018Armenian households do not feel the benefits of cheap Russian natural gas, prime minister says
Presenting today the program of his government to the extraordinary session of the National Assembly Armenian Prime Minister Nikol Pashinyan said his country fellows do not feel the benefits of low price of natural gas purchased from Russia. YEREVAN, June 7. /ARKA/. Presenting today the program of his government to the extraordinary session of the National Assembly Armenian Prime Minister Nikol Pashinyan said his country fellows do ...
06/07/2018First photo voltage solar power plant to be built in Armenia
... plant is expected to be launched already this year and that the plant will be commissioned no later than in 2020. Harutyunyan also said that prices for electric power were among selection criteria in the tender. “We expected from applicants a record low price, a price lower than that of thermal plants and comparable to that of hydro power plants to down also the price for final consumer. As for the cost of the project, it may be $40 to 60 million, according to preliminary estimation. In accordance ...
01/31/2018Armenia’s grape production to be 20 percent less this year, expert says
... cost price of grapes used to make wine this year is from 90 to 127 drams, without taking into account the wages to producers and transportation. Armenian Minister of Agriculture Ignaty Arakelyan said earlier that because of natural disasters and the low price last year wine growers were unable to work more productively in 2017. ($ 1 - 478.57 drams). -0-
08/21/2017Lenders in Armenia not allowed to sell borrower’s residential property at less than $10,200
..., the government set the minimum price for selling the only immovable property of a borrower. “We recently carried out legislative changes aimed at prohibition to sell the only residential property of a borrower who fails to repay a loan at a too low price,” The essence of the amendment is that the only immovable property of s borrower must not be seized and that the government will set minimum standards for selling the property. ($1 – AMD 478.9). --0--
07/14/2017ACBA-CREDIT AGRICOLE BANK tells about ‘olive’ farmer’ Karen Karapetyan
... thoroughly described to me the entire process of olive processing. Although the output is ecologically clean, Karapetyan encountered sale problems. Four years ago, the farmer would say, "For the time being I am forced to sell the crop to dealers at a low price - 1,200 drams per one kg. In Armenia it is difficult to sell olives at a normal price.’ Today, the farmer from Meghri has his own consumers. He says with some pride that among them there are Syrian Armenians who have a long tradition of using ...
11/22/2016Premier: 3.5% GDP growth in Armenia in Jan-Sept 2015
Hovik Abrahamyan, Armenia’s prime minister, speaking Wednesday in the National Assembly, said a 3.5% GDP growth was recorded in the country in Jan-Sept 2015 mainly thanks to agriculture and mining industry amid low price for nonferrous metals. YEREVAN, December 10. /ARKA/. Hovik Abrahamyan, Armenia’s prime minister, speaking Wednesday in the National Assembly, said a 3.5% GDP growth was recorded in the country in Jan-Sept 2015 mainly thanks to agriculture ...
12/10/2015Parliament member calls for interest-free loans to farmers
... to address this problem,’ he said. Speaking about the procurement of grapes, the MP said wineries and other processing enterprises had bought already 194,000 metric tons of grapes, but in some communities farmers are forced to sell the grape at a low price, and they have no other choice. In turn, Lernik Alexanyan, MP from the Republican Party of Armenia, said many processing enterprises are short of financial resources to pay for grape. -0-
10/13/2015Price of eggs not to shoot up in the run-up to Easter
... According to him, this year no eggs have been imported to the country making local producers to ship eggs to grocery stores from their storehouses. He said few producers have raised the price by 5 drams to 65 drams, but some stores sell eggs at a quite low price of 45 drams. Pipoyan called on consumers to examine eggs carefully before buying them saying the eggshell should be smooth and clean; dirty eggshell is an indication that the egg is contaminated with germs and bacteria. The prices of eggs,...
04/01/2015Five of six factions in parliament will vote for Armenia’s accession to Eurasian economic union
... security, which is now in effect. This system is closely connected with the Russian Federation ", he said, adding that the accession has also a number of positive and negative factors for the Armenian economy. "The positive factors include low price of energy resources, steady money transfers from Armenian labor migrants in Russia and a huge market opening up for Armenian businesses. One of the negative factors is the absence of common border with an EEU member country as a result of ...
12/04/2014Vodka minimum retail price not to be raised in Russia
... suffer losses. A top manager of one of the biggest Russian vodka producers said vodka sold at a price less than 250 rubles per 0.5 liters in shops is illegal, i.e. no excise was paid for it. “It is simply impossible to sell vodka at such a low price and gain profit”, he said. The regulator’s argument is small regional producers can sell at this price and still manage to pay all the taxes. It is possible for instance if vodka is sold in a factory shop, with no wholesale markups ...
12/04/2014Armenia’s potato production likely to reach 658,000 metric tons- deputy minister
... Turkmenistan. He also downplayed reports that the high price of the omnipresent vegetable at home is due to increasing exports. Currently one kg of potato in Yerevan is sold at 140-200 drams. The minister claimed the price was not high. He said in the past low price often forced farmers to abandon cultivation of potato. ($ 1 - 403.91 drams). -0- YEREVAN, December 4. / ARKA /. Armenia’s potato output this year is about 658,000 tons, slightly more than last year, when farmers gathered 647,000 ...
12/04/2013First batch of Belarusian tractors already brought to Armenia
... Khachatryan, director of the center, and Khosrov Baghdasaryan, a resident of Shirak province, signed the first tractor purchase contact. “The first buyer preferred the tractor tested by the premier and expressed gratitude for selling the tractor at a low price,” the press office reports. According to the press release, the Belarusian tractors МТЗ-82.1 produced in 2013 are offered to machine operators and farmers at a price that is 30% (6.7 million drams) lower than the market price. The ...
07/26/2013Armenian government to provide farmers with seeds at low price
The Armenian government has approved today a program designed to boost production of crop seeds and provide farmers will with high-quality seeds at low prices. YEREVAN, February 21. / ARKA /. The Armenian government has approved today a program designed to boost production of crop seeds and provide farmers will with high-quality seeds at low prices. Part of the seed was imported, and the other ...
02/21/2013Expert: no decision made during Armenian president’s visit to Moscow
... to maintain Armenian economy’s effectiveness,” he said yesterday in Moscow. Commenting on this statement, Bekaryan said that if it is translated from diplomatic language, it will mean: “Yes, we understand that you sell us natural gas at a low price, but we have problems in transition to international prices. Understanding this, Let us come together and solve this problem! ” According to some media reports released in early July, the price for Russian natural gas may be raised to $280 ...
08/10/2012Inflation calculation doesn’t reflect reality in Armenia -expert
... Consumers’ Association Armen Poghosyan said Tuesday. YEREVAN, August 8. /ARKA/. Inflation calculations do not actually reflect the reality, the chief of Armenian Consumers’ Association Armen Poghosyan said Tuesday. “Armenia reported quite low price increase, but it doesn’t reflect the matter reality,” he told journalists. According to Mr. Poghosyan, price increase is calculated through elaborating 800 brands of goods and services. However, the fact that the majority of people ...
08/08/2012Deputy minister: agricultural output in Armenia believed to grow this year
... with minimal spending.” Galstyan also said that the government’s decision on tax exemption for agricultural machinery and fertilizers would spur the development as well. “In particular, farmers will be provided with nitrogenous fertilizers at a low price – 6,000 drams for one bag,” he said adding that diesel fuel will be given to them as well – at 350 drams per one liter..-0---
03/02/2012Armenian Gasoline Market Does Not Have Time To Respond To Global Decline In Fuel Prices: Mikhail Baghdasarov
... "Armenian companies do not have time to respond to the decline in world fuel prices due to the timing of purchases, as well as due to the cost of its transportation and as a result they do not always have time to bring fuel into the country at a low price," Bagdasarov said, whose MIKA company is one of the largest oil traders. As a result world prices fluctuations do not have any affect on local market. Baghdasarov said also there is a decline in gasoline demand in Armenia, due to the increase ...
07/07/2011The company Viest Assets bought the whole package of shares of Armenian network of “STAR” supermarkets
The company Viest Assets Ltd. registered in British Virgin Islands bought 100% of shares of “STAR” supermarkets, said representative of Viest Assets Ltd. Hovsep Manukayn in the press-conference on Thursday. YEREVAN, May 5. /АRКА/. The company Viest Assets Ltd. registered in British Virgin Islands bought 100% of shares of “STAR” supermarkets, said representative of Viest Assets Ltd. Hovsep Manukayn in the press-conference on Thursday. The company is based on the Armenian capital but he...
05/05/2011Armenian Armavia air carrier introduces its new Airbus-319
... He said the purchase of the new aircraft is a continuation of the company’s policy of upgrading the flying stock with new airliners. Belluyan said the airplane was bought by a lease contract. He also stated they managed to buy it by a rather low price thanks to decrease of prices amid the world crisis. RA Minister of Defense Seyran Ohanyan, owner of Armavia Mikhail Baghdasarov, Chief of the Head Civil Aviation Department of Armenia Artem Movsisyan and well-known cultural workers were present ...
03/20/2009Vanadzor chemical plant may launch carbamide production on April 1: Armenian premier
... needs replenishment every three years may reach $9mln,” he said, adding the government annually procures around 25,000 tons of fertilizers. If the government allocates subsidies for carbamide procurement, farms will benefit from the relatively low price and high quality of carbamide fertilizers, the prime minister said. Prometey-Khimprom CJSC resumed operation in 2005. After an abortive attempt to transfer the plant to the Slovakian Dividend Group, the plant was re-operated by it actual owner,...
03/19/2009Armenian dram strengthens against USD by approx 17% in 2007
... more than in 2006, but the Armenian Dram went on strengthening, he said. Yet, this process facilitated reduction of inflationary expectations and inflationary potential in the country, Sargsian said. According to CBA President, bearing in mind quite low price flexibility on the domestic market under the conditions of outer price shocks Armenia needs to take measures to strengthen competition on the domestic market so that the strengthening of the national currency is accompanied by control over increase ...
01/10/2008Competition makes commercial banks focus on advertising
... advertising is the most effective in Armenia as it gives a general idea of the services. Among the faults of this type of advertising is its high price and long period of preparation. In this context, print advertising has a number of advantages, namely a low price, certain target business audience or population groups, opportunity for providing comprehensive information on the product. Print advertising can be used both for rendering new services and for providing information on successfully tested services ...
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