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.
Although the government almost daily reiterates that it’s not going to stand back from its decision to implement the new pension reform, the protests and complaints just don’t stop. But these complaints and discontent have one interesting peculiarity.
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.
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.
Armenia needs to decide which path and sector it wants to pursue. Armenia is a sovereign country, and the US and Europe are not trying to take that sovereignty away from them.
In 2013 Saravan has received more than 70 mln AMD, Gndevaz- more than 31 mln AMD, Gorayk- more than 25 mln AMD as land rent payments from Geoteam.
While the attention of the Armenian society was focused on the pension fund reform and the discussions of the next year budget, in Russia a statement was made, which gives us grounds to be very concerned in the long run. It is no secret that Armenia’s economy depends on Russia. After becoming member of the […]
New changes to the law have been approved by the government and sent to the parliament for adoption. The changes are proposing to solve some methodology issues, which mostly relate to accountability, control; we want to make these policies consistent with the European policies.
The Armenian ministry of energy and natural resources has published a statement reading that a delegation headed by minister Armen Movsisyan will pay a visit to Iran on November 4-7 to take part in the opening of the Iranian international exhibition of electricity and water.
