In the first year of Tigran Sargsyan’s office (2008) Armenia’s GDP was 6.8%, which was lower by several points than the planned level. In 2009 as the economy was hit by the financial crisis the slump was 14.1%, followed by slow recovery. In 2010 there was 2.2% growth, in 2011 – 4.7%, and in 2012 – 7.2%. In 2013 the planned growth was 7% (as instructed by the president) but the real growth reached 3.5% only.
Twelve years ago something happened, which seemed to be not so important at that time. According to ArmenPress, on October 23, 2002, the RA Central Bank and its counterparts from Germany, in cooperation with the UN Education, Science and Culture office in Germany, initiated a memorandum of understanding between the Lorsch Church of Germany and Geghard Church of Armenia.
The question is how it should occur and where, especially the important thing for developing countries is the question of where the money comes from. Not all countries are able to ensure the well being of their populations, feed the work force. So, be careful with such statements.
The guests did their best not to let the organizers feel bad. For example, US Ambassador John Heffern said that the demonstration of activists was a sign of civic society development and activity.
The second largest “moneylender” is Aram Harutyunyan, minister of environment. In 2012 he received 27.9 million dram interest rate from deposits. In addition to this amount, he also had 21.6 income generated as payments and 15.9 as shareholder’s interest. Generally by the end of the year he received 84.5 million dram, 8,200 dollars and 643 Euro on his account. We see that the minister of environment is wealthy and keeps his money in Euro.
There is a principle about integrity of borders, and there is also a principle of nations’ self-determination. The people of Arstakh used their right for self-determination. Personally I am for the principle of integrity of borders; however, it is not the right thing to go against facts that are reality.
The bill was initiated by parliamentarians Samvel Pharmanyan, Arman Sahakyan, Levon Martirosyan, Naira Karapetyan, Arthur Gevorgyan, Edmon Marukyan and Tachat Vardapetyan. This law will allow TV companies to advertise alcohol (more than 20%) and cigarette between 10:00p.m. and 06:00a.m.
It is true not only about the Armenian government that still continues to put the blame for their failures on the financial crisis. Even companies and individuals refer to the crisis when they want to refuse people in doing something they do not want. For example, people would be late in returning their debt, and explain it with the crisis that made it difficult for them to pay off.
Interview with the head of economics and world politics department of the Higher School of Economics of Russia Aleksei Portansky -What consequences can the Ukrainian events have in Russia and its relations with other countries? -Prior to the Ukrainian crisis Russia provided serious aid to Ukraine and still continues doing so. The promised 15 billion […]
On December 1, 2013, the exchange rate for one US dollar (USD) was AMD 403.9. On March 5 the exchange rate established by the Central Bank of Armenia was AMD 414.4, and the average price per dollar in NADAQ OEMEX exchange of Armenia was AMD 414.54. Currency exchange offices in Yerevan buy dollar at AMD 413.5-414, and sell at 418.
