It was a routine day in 1945 when Frank McNamara, director of Hamilton Credit Corporation, after dining in a restaurant in New York found out that he had forgotten his wallet in the pocket of another jacket at home. The businessman had to call his wife to bring money. This became a reason for creating a universal payment tool for service centers.

How was the gas debt worth 300 million USD accrued? And how did 155 million USD out of that become Armenia’s debt to the Russian GazProm, in lieu of which Armenia gave in 20% of ArmRuzGasArd to Russia? Due to the answers of the minister of energy of Armenia Armen Movsisyan became the most debatable themes of the economic media.

The Iranian Ambassador in particular said, “First parties should negotiate in order to understand which gas supplier gives better conditions. Maybe a country wants to sell 1000 cubic meter gas to another country at $400, but to a third country – at $100. It is all about agreement between the two countries.”

The agreement reached in Geneva on Saturday on the nuclear program of Iran may create a completely new situation in our region and may directly relate to Armenia. Indeed, the November 24 agreement is only considered the first step for the resolution of the Iranian matter but it can even now be considered an unprecedented event between the international community and our neighboring country.

Three years ago an Armenian delegation led by PM Tigran Sargsyan participated in Shanghai Expo 2010. This participation of the Armenian delegation in the Chinese exhibition was widely broadcast in Armenian media.

-I do not think it is correct to compare Armenia with Ukraine because even during the Soviet times there were groups in the Ukrainian society that wanted separation from the Soviet Union and independence. It is about every country’s society to decide which path they want for their country.

Technology and Science Dynamics Inc., which has been operating in Armenia under the name Armtab Technologies, is represented in 17 countries. It mainly works with scientific and research labs and universities of the world. Technology and Science Dynamics Inc. started its activities about five years ago. It is known in the world with its brand Minno.

Minister of energy resources Armen Movsisyan made a number of interesting statements in a briefing with journalists in the parliament. These statements give clues to the question where the 155 million debt comes from and why the 20% of Armenia’s share in ArmRusGazArd company was given to Russians, and what is going on around the issue of gas price.

“It is good to be a part of a good thing. It is good to be a member of a good and civilized union. However, what’s the difference in being a regular member or founding member in a bad union?” said MP and former foreign minister Alexander Arzumanyan in answer to a question whether it is good for Armenia to become a founding member of the proposed Customs Union.

Ukraine’s failure gives them a reason to brag themselves and justify their impotence. The justification is that Ukraine could not stand the Russian pressure with its 46 million population, while such a small and poor country as Armenia decided to stop the process three months before the summit in Vilnius.