Nairit Plant CJSC has been recognized as bankrupt. Court of General Jurisdiction of Shengavit Administrative District (judge Armen Chichoyan) yesterday hurried to pronounce the verdict on bankruptcy. Accordingly, the Court has satisfied the lawsuit by the “Electric Networks of Armenia” CJSC (ENA) and passed a decision to charge AMD 500 thousand from Nairi Plat CJSC in favor of ENA, as an amount, initially paid as state fee.
In the period of January-September 2016 export volume from Eurasian Economic Union (EEU) member countries comprised USD 274.1 million. As compared to the same period of the previous year, export from Armenia to EEU has grown by 55.2%. This information was provided by the Eurasian Economic Commission (EEC) database.
Guillaume de Guiteau, Hennessy cognac house brand ambassador, paid a 3-day visit to Armenia, within which exclusive master class was conducted by one of the 6 ambassadors, introducing the well-known cognac, a participant of which was 168.am as well.
Main source of income for households of the Republic of Armenia is hired job. Thus, monthly nominal monetary income of households in 2015 per capita comprised AMD 52377, from which AMD 28800 (55%) comprises hired job. This information was provided by RA National Statistical Service through its report entitled “Food security and poverty 2016.”
“We have reached the point where though we have to think about saving money, restricting and adopting a conservative budget, we have managed to effectively withstand the challenges, ensure economic growth, raise the competitiveness of the economy, and expand export volumes. The policy of just relying on external donations loans is already in the past,” he added.
Drop of beer production volumes and import growth. What should the state do in such cases? Support local producer/exporter or at least not create issues for them?
“It will contribute to the mutually beneficial cooperation in the transportation field, will provide favorable conditions between the two countries, as well as will facilitate the transit cargo shipments and passenger transportation through the territories of the two states to the third countries,” the Minister said.
“Generally risks of state debt management today, yesterday, and tomorrow, are known to almost everyone and they’re the same. Depending on the structure of debt portfolio, priority of those risks and their management is being regularly changed.”
“A clear program is needed now, so that the time will come, when arriving in Armenia by plane, we could see from above solar panels, installed on all roofs,” Hayk Harutyunyan, Deputy Minister of Energy and Natural Resources of RA, told reporters today.
Economic Activity Index (EAI) in the period of January-October of ongoing year, as compared to the same period of the previous year, is 100.4. This means, that throughout the first ten months EAI has grown by 0.4% only. On a monthly basis the snapshot is even more disappointing: on October 2016, as compared to October 2015 EAI has decreased by 7.8%, and, as compared to September 2016—by 18.7%.
