BUSINESS & ECONOMY

Armenian products to be exported to US using GSP program

Armenian products to be exported to US using GSP program

At a conference hosted by the American Chamber of Commerce, in cooperation with the U.S. Embassy in Yerevan, U.S. trade representatives discussed export opportunities with the Armenian business community. This is the second conference in Armenia focused on GSP, building on a 2016 discussion on the subject facilitated by GSP Director Aimee Larsen.

Armenia, Iran facilitate mutual trade and customs control

Armenia, Iran facilitate mutual trade and customs control

“The launch of joint gate and its operation means elimination of double control and procedures. The second part of the agreement clearly mentions the steps which facilitate the movement of goods via means of transport, as well as the passenger transportations”, Mirumyan said.

Our ultimate goal to the future is to have an independent, safe, fair and smart Armenia, says PM Karapetyan

Our ultimate goal to the future is to have an independent, safe, fair and smart Armenia, says PM Karapetyan

“To build our future, ensure our security it is necessary to have a developed, competitive and innovative economy. The economy of the 21st century should develop thanks to dynamic digitization, smart adaptation to the environment. This will be possible only in case of modern, globally competitive, highly qualified and motivated labor force. The base of future Armenia must start from school and continue constantly”, the PM said.

President Sargsyan sees opportunities for significance investment increase

President Sargsyan sees opportunities for significance investment increase

The president also commented on the figures which were promised by the previous governments, which performed partially. He commented about the opinions that during the parliamentary elections the ruling party didn’t perform its promises fully, and neither has the president during the presidential election – namely regarding the minimum wage, economic growth figures.

«BALDI» has started seasonal hot sales

«BALDI» has started seasonal hot sales

“This is a unique opportunity for all our customers to buy their favorite model with up to 50 % sale. Our discounts occur on continuous base and our priority is to satisfy customers by offering the most trendy shoes and accessories”- says BALDI operations manager.

SAS SWEET has launched the production of decorative cakes

SAS SWEET has launched the production of decorative cakes

SAS GROUP Armenia has started a new business venture by introducing thematic and decorative cakes under “SAS SWEET” label. Upon ordering cake, customers are provided with detailed professional consulting by creative designer’s team. “SAS SWEET” takes the most venturesome orders and implements the most extravagant ideas for wedding, baptizing, birthday, tooth party and other celebrations. Moreover, the decorative particles of cake are made from eatable materials.

Armenia improves positions in Global Competitiveness Ranking

Armenia improves positions in Global Competitiveness Ranking

The World Economic Forum published the Global Competitiveness Report 2016-­2017, reports Armenpress. Armenia is ranked 79th in the list of 138 countries. Compared to last year, Armenia improved positions by three points. Last year the country was ranked 82nd.

Armenia ranked 112th in Global Peace Index

Armenia ranked 112th in Global Peace Index

According to the published data, 93 countries improved their positions while 68 deteriorated. The GPI is being published in the past 11 years. This year for already 9th times Iceland is leading as the most peaceful country in the world.

There is no capital outflow from Armenia: Suren Karayan

There is no capital outflow from Armenia: Suren Karayan

According to him the inflow of foreign direct investments is positive and AMD 19.7 billion direct investments were recorded in the first quarter of 2017. According to the Minister numerous investments and reinvestments were made by local investors as well.

Export brackets open up little by little

Export brackets open up little by little

Promises given in the action plan of the government, then in RPA pre-election program, as formerly stated, mostly didn’t contain target. Only several promises contained concreteness among which was reaching export volume to 40-45% of GDP.

The innovative project of SAS GROUP Armenia: 1 location for 2 new concepts

The innovative project of SAS GROUP Armenia: 1 location for 2 new concepts

SAS Supermarket now has a new address at 11/1 Arshakunyats avenue under one roof with SAS FOOD COURT. Innovative design and new technical solutions stand for new supermarket where range of exclusive products are presented. From now on, visitors can enjoy their favorite meal and do all the necessary shopping in supermarket located at the same address.

Consumer loans in Armenia grow by 4.3%

Consumer loans in Armenia grow by 4.3%

Car loans and card credits decreased by 38,8% and 2,2% respectively. The overwhelming share in the consumer crediting structure consist of card (36,1%) and gold deposit loans (23,8%).

Georgian visitors “against” tourists arriving in Armenia

Georgian visitors “against” tourists arriving in Armenia

And in case of Georgia WB has taken the number of visitors. To be clear how these figures differ, exact data should be brought. In 2016 total 2.9 million visits to Armenia have been recorded (source: volumes of RA border crossing per RA border checkpoint), from which 1.26 million comprised tourist visits. In 2016 Georgia recorded 6.3 million visits, from which tourist visits comprised 2.7 million.

Kazakh airline to operate flights to Yerevan

Kazakh airline to operate flights to Yerevan

The operation of new flight became possible thanks to the meeting between Ambassador of Kazakhstan to Armenia H.E Timur Urazayev and Minister of Transport, Communication and Information Technologies Vahan Martirosyan. At the meeting the sides announced opening Astana-Yerevan direct flights.

Belavia airline resumes flights to Yerevan

Belavia airline resumes flights to Yerevan

The price of a round-trip ticket will start at €226, taxes and duties included. Belavia is Belarus’ largest air carrier performing regular flights to 49 airports in 27 European and Asian countries.

Why did economic activity slow down?

Why did economic activity slow down?

Armenia’s economic activity index (EAI) in January-April 2017 compared with the same period of the previous year comprised 105.7%. Note, in January-March EAI rate was higher—6.6%.