The budget draft 2014 is still as mystical as the economic policy of the Armenian government. This is like the decision to join the Customs Union. Neither parliamentary discussions nor experts’ opinions provide substantial information about the topic.
A few days ago it was announced that an agreement was reached between the RA government and GeoTeam company (and Lidian International, 100% shareholder of the company) to place a stack washing and refining cauldron in Amulsar. In the past it was offered to place it in a 2-kilometer vicinity from Gndevaz village.
As a Prime Minister I have never been to Cyprus and couldn’t have registered a company there. This is a provable fact. And we all know that it is possible to open an offshore under anybody’s name, even dead people sometimes appear on record. I understand that there are numerous tools to vilify politicians and I don’t think this is a right goal,” stated the Prime Minister.
Former Prime Minister Hrant Bagratyan has developed a bill to the parliament aimed at strengthening the national currency.
In the US the new fiscal year starts on October 1 but till now the Democrats and Republicans cannot come to an agreement and till now the Congress hasn’t adopted the supreme financial document of the country.
“Your friends might try to convince you that the British investments are necessary for Armenia. They create jobs, etc. But the few workplaces created in the mining sector contain bigger effects for other sectors. Mining is only 3% of our GDP.” This is only a part from the letter of Armenian environmentalists addressed to Prince Charles.
Interview with Prof. Edward Sandoyan, director of Economy and Business School of the Russian-Armenian (Slavonic) University, former finance minister
We have used the simplest index in 1991. Of course there is a quantitative growth, especially in the first years of independence but when we are speaking about the indexes of the recent years it seems the economy is plummeting.
PM Tigran Sargsyan has found an answer to the question why he used to object to Armenia’s integration with Customs Union because of lack of common border with Russia, and now he is actively involved in promotion of integration policy with the Customs Union.
In its previous issues 168-Zham has adverted to the Development Plan of Cattle-breeding 2007-2015, in the framework of which the cattle shipped from Europe has become a nightmare for farmers. We have presented the opinions of major farmers on the matter, who had participated in the project and lost many of the expensive animals.
