The cement produced via out-of-date technologies was no more competitive in the market, and the owner has “exhausted” the plant as much as possible, and it went bankrupt. Just the same way like Baghdasarov’s other enterprises. However, businessman Mikhail Baghdasarov is a single character in our economy.
While considering not the transferred amount, but the number of transferers, the difference becomes more than obvious. 4814 individuals and organizations transferred money to NKR special account as of April 26, and 4179 (87%) from them are in Armenian dram. Accordingly, Armenia’s participation in the process is much more.
“Gazprom Armenia” requests the gas tariffs to be reduced to 146,000 AMD for 1000 cubic meters from the current 156,000 AMD.
It’s not a secret that throughout the four-day war, when the topic of unmanned aerial vehicles (UAV) was being circulated, some stated that UAVs produced in Armenia are supplied to Singapore. Based on customs data, export volume from Armenia to Singapore in 2015 comprises ony USD 400.7 thousand.
Accordingly, on the one hand, consumer basket has cheapened, and salaries and incomes have grown to some degree on the other. So that, poverty index issued by RA NSS will reduce, but on the other hand, concerns will grow from another standpoint. As drop in prices speaks of economic stagnation.
“Firstly organization and export of joint production in Armenia, as well as direct engagement of Armenian companies in Iranian market should be implemented. Out of this, we proposed the Iranian party a list of products, so that lowered tax tariff was defined. It’ll allow the Armenian products to enter Iranian market with low tax tariffs. Besides that, we also offered, that Armenia was observed as a space for centralization of Iranian and European capital, providing the opportunity to establish joint enterprises in participation with European technologies and Iranian capital,” Artsvik Minasyan said. According to him, exhibition of Armenian products in Iran, and of Iranian products in Armenia is anticipated in near future.
“These are markets, where Armenia has a beneficial status, it will provide the opportunity to implement wide-scale export. Businessmen are interested in a few fields— mechanical engineering, machine-tool construction, food processing, information technologies and etc,” A.Ghazaryan said.
Armenian Photo-editing app PicsArt intends to grow in China and Japan after getting $20 million in fresh funding from DCM Ventures and Siguler Guff & Company, TechCrunch.com reports.
Leader by asset volumes is Ameriabank (AMD 507.7 billion), which is followed by Ardshininvestbank (AMD 461.1 billion) and VTB Armenia Bank (AMD 314.8 billion). In percentage the biggest growth of assets throughout the quarter was recorded by Ardshininvestbank (15.1 %), and the biggest decrease—by BTA Bank (19.8%).
According to NSS, poverty index for 2014 comprised 30% in Armenia. As compared to the last year—2013, poverty index reduced by 2 percentage points. People, consumption of those was lower than general upper line per capita, were assessed as needy (in 2014 it comprised AMD 40 264 per month). Very needy people comprise 10.9% (monthly consumption of which per capita is lower than the lower poverty line—AMD 33 101). For the calculation of poverty line, RA official statistics, naturally, takes monthly cost of consumer basket as a basis. And in international statistics, generally, to count poverty index, daily average consumption in dollars is taken as a ground. It’s applied to compare indices of different countries.
