BUSINESS & ECONOMY

On account of what does economy activate?

On account of what does economy activate?

Judging from official statistics Armenia’s economy is developing more quickly, than anticipated. Thus, in January-March 2017 compared with the same period of the previous year, economic activity index (EAI) comprised 106.6%.

Bilateral economic ties development agenda discussed

Bilateral economic ties development agenda discussed

“We have many investment initiatives and look forward to getting your support in presenting them to Poland’s business circles. I am convinced that we have great potential for activating and developing economic relations,” the Premier said.

Tourism: amid dream and reality

Tourism: amid dream and reality

In the first quarter of 2017 compared with the same period of 2016 number of tourists visiting Armenia has grown by 18.2%. Zarmine Zeytuntsyan, Chairperson of State Tourism Committee of the Ministry of Economic Development and Investments, told about this recently.

Ararat Wine Factory freed from VAT for 3 years

Ararat Wine Factory freed from VAT for 3 years

“Within the framework of investment program, the Ararat Wine Factory aims at acquiring beverage production and bottling lines which will further improve the production quality and will increase the production volumes.”

“We plan to enter the EU and Middle East markets”

“We plan to enter the EU and Middle East markets”

“Today we are going to present Spayka company’s investment programs of 2017 to Armenia’s President Serzh Sargsyan. We plan to carry out several big projects that will create more than 300 jobs, and more than 70 million USD investments will be made in Armenia,” he said.

Oil prices fall

Oil prices fall

Barrel is the unit of measurement of oil volume. One barrel equals to 159.98 liter. New York’s NYMEХ (New York Merchantile Exchange) is a US futures market founded in 1882.

In which fields loans recorded growth?

In which fields loans recorded growth?

Based on data issued by the Central Bank of Armenia, volume of loans allotted to residents by Armenia’s trade banks (or loan portfolio) comprised AMD 2 trillion 52.9 billion in late February 2017.

Moldova isn’t a contestant “bridge” to Armenia

Moldova isn’t a contestant “bridge” to Armenia

“After establishment of EAEU it was generally stated that numerous countries attempt to cooperate, sign a free trade agreement with that union, however, until now only 1 country has signed it—Vietnam, which signed it with exceptions. Names of more than 40 countries have been given, neither of which has signed it.”

Banking crisis in Azerbaijan

Banking crisis in Azerbaijan

While summing up economic year in January and introducing anticipations for the upcoming year Azerbaijani president stated that “The biggest blow to the national economy was recorded from the side of the banking system.”

Armenia provides AMD 8,8 bln in intergovernmental loan to Artsakh in two months

Armenia provides AMD 8,8 bln in intergovernmental loan to Artsakh in two months

During the reporting period, the balance of loan and grant resources from external sources was added by 1,6 billion drams – instead of using the planned 4,6 billion drams under the first quarter. Armenia’s net external financial assets comprised -10,9 billion drams in January-February (104,8% of the quarterly program) in comparison to the planned 10,4 billion.

What goes on in real estate market?

What goes on in real estate market?

Economic growth of the first two months of ongoing year was impressive-about 6%. Double digit growth indices for industry and services, foreign trade were impressive as well. However, there is one index, which doesn’t comply with the temp of economic activity. It refers to real estate market.

Azerbaijan raises hysteria as Karabakhi vodka appears in Duty Free

Azerbaijan raises hysteria as Karabakhi vodka appears in Duty Free

Azerbaijan has raised hysteria after Karabakhi vodka appeared in Duty Free. The Moscow office of the Azerbaijani haqqin.az news agency has “emotionally” responded to the sale of grape and apricot, as well as other types of “Karabakh” vodkas in St. Petersburg’s Pulkovo airport’s Duty Free zone.

This project will be of significant importance: Karen Karapetyan

This project will be of significant importance: Karen Karapetyan

Around 7500 hectares area of Ararat Valley will be soon provided by reliable irrigation system: construction of Vedi reservoir has been launched. With 29 million m3 total capacity, this reservoir is the first to be built from zero in the history newly independent Republic of Armenia.

In which administrative districts are apartments expensive?

In which administrative districts are apartments expensive?

In Arabkir the index comprised AMD 357 450, and in Kanaker-Zeytun—AMD 280 500. In Davitashen average market price per 1m2 comprises AMD 277 thousand, in Avan—AMD 261 thousand, Shengavit—AMD 256 thousand, Nor Nork—AMD 254 300, Erebuni—AMD 249 600, and in Ajapnyak—AMD 249 850.

The resource of borrowing money

The resource of borrowing money

Armenia’s state debt as of February 2017 comprised AMD 2 trillion 901.3 billion or USD 5 billion 961.2 million. Compared with the beginning of the year Armenia’s state debt has grown by USD 25.7 billion, from which: government’s external debt in USD expression almost hasn’t changed, it remained within USD 4.3 billion.

Statistics of RPA votes

Statistics of RPA votes

Central Electoral Commission (CEC) of Armenia has calculated preliminary results of parliamentary elections held on April 2 based on data received from all 2009 polling stations.

Vodka and beer production decreases in Armenia

Vodka and beer production decreases in Armenia

In January-February of 2017, 4 million 500.1 thousand liters of brandy was produced in Armenia, Armenpress reports citing the data of the National Statistical Service. In January-February, 2016 the brandy production comprised 1 million 992.9 thousand liters, whereas in January-February of this year it exceeded the figure of last year by over 2.3 times.

Investments continued to decline in 2016

Investments continued to decline in 2016

National Statistical Service of Armenia issued statistics of investments for 2016. As April 1 is the silence day of election campaign, we won’t reflect to promises of political powers and their programs. Instead, we’ll introduce what snapshot we had in 2016, how much investments we had, from which countries and in which fields.

On implemented and promised investments

On implemented and promised investments

Foreign investments have become one of the most contemporary promises of this election campaign. Almost all promise investments, some—many, some—few, some give exact numbers and some—not.

Minsk-Yerevan direct flights resumed

Minsk-Yerevan direct flights resumed

The Belarusian Belavia airlines resumes direct flights with MinskYerevan-Minsk route starting from May 2017, press service of Armenia’s General Department of Civil Aviation told.

On non-related connections

On non-related connections

The barber is asked what the reason of cancer emergence is and he says: from shaving at home. We use this humor to show how the so-called cause-and-effect connection may be distorted and introduced per appropriateness.

Armenia-Iran railway construction still being discussed

Armenia-Iran railway construction still being discussed

The construction of Armenian-Iranian railway is still being discussed. Vahan Martirosyan, Minister of Transport, Communication and Information Technologies, said there is a concession contract with a company within the framework of which discussions are being held with investors and that company.

Turkey may hold referendum on EU accession talks

Turkey may hold referendum on EU accession talks

“Right now we are holding a referendum on April 16 and after that we could choose to do a second one on the (EU) accession talks and we would abide by whatever our people would say there,” Erdogan saying as quoted by Deutsche Welle.