Armenia’s possible integration with the Customs Union of Russia, Belarus and Kazakhstan is one of the most discussed political topics in Armenia. Even though this issue is discussed from the political point of view, its economic side is even more important.
Many state officials and primarily the Prime-Minister, are paying much attention to reports of renown international organizations and to their best to make sure Armenia is advanced in their rating lists.
Our interviewee is the chair of the Businessmen and Producer Union of Armenia Arsen Ghazaryan
Similar to the soviet times when the officials would swear in front of the soviet flag, now as well the Armenian officials seemingly swear to speak only about the progress and development of the sectors they lead.
According to 168-Zham the representatives of the Italian Pirelli factory visited Nairit factory to get acquainted with the chemical giant and to find common grounds of cooperation. They are invited here by Rosneft company, which hopes that the Italian partners would also be willing to invest in the factory.
After Armenia’s decision on membership to the Customs Union it is important to understand the economic privileges and flaws. The Customs Union implies free trade circulation among the member states. At first sight, this seems like an ideal opportunity for us because our economic and trade relations with the main economic partner Russia will even more accelerate.
The most discussed political topic in Armenia now is the issue of Armenia joining a proposed Customs Union made of Belarus, Russia and Kazakhstan. Armenian president Serzh Sargsyan has come up with announcement saying that Armenia is committed to joining the Union. Most people who oppose to or are for joining the Union do not really know what it is.
Seven years ago the government of Armenia announced a project for developing cattle breeding in 2007-2015. The government decided to import different types of cattle from Europe and give to farmers and villagers on credit (for 4 years – 10% interest rate applicable the first year, 20% – second, 30% -third, and 40% for the fourth year).
Yesterday the National Statistics Service released macroeconomic data, which speak of the pathetic plight of the Armenian economy
We still have that project in mind but currently we are focusing all our efforts on large projects such as the free trade zone and the international Yerevan Show. However, there are some improvements in that direction. AJA, a foundation recently registered in Switzerland, is researching the Armenian heritage in jewelry and they have collected a lot of documents and facts about the important positions and masterpieces of Armenian jewelers.
