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Armenian economy

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Armenian Prime Minister discusses cooperation with World Bank

Armenian Prime Minister Tigran Sargsyan received the regional director of World Bank for the South Caucasus and Central Asia, Asad Alam, on September 12.During the meeting the parties discussed the programs being implemented in the framework of cooperation, as well as the world economic situation and possible future developments.Tigran Sargsyan presented projects of reforms in the Armenian economy to Assad Alan.The sides stressed the importance of deepening cooperation between the government of Armenia and the World Bank.

Armenian MPs insist on agricultural development strategy adoption

Members of the Armenian parliament insist on adoption of an agricultural development strategy, ARKA reports.Such a strategy should embrace all measures taken in order to improve the country's agricultural sector, member of the opposition Armenian Revolutionary Federation, Dashnaktsutyun Artsvik Minasyan, believes.

China is ready to increase investments in Armenia

The prospects for Chinese investment in the Armenian economy will be discussed during today's session of the Armenian-Chinese intergovernmental commission in Yerevan, ARKA reports. "The volume of Chinese investment in the Armenian economy is still small, despite the high level of political and economic relations.

Armenia's largest international construction exhibition set to start

The eighth international specialized exhibition "Caucasus: Construction and Repair. EXPO 2011" will take place from April 8-10 in Yerevan,  ARCA reports, referring to the information of the LOGOS EXPO Center company.    The exhibition will feature the largest building brands from Turkey, Georgia, Ukraine, Belarus, Iran, as well as other several other industrialized countries.    

Image of Armenian winemaking

Image of Armenian winemaking

 Avag Arutyunyan : “Image is the heart of wine-industry competition between Armenia, Georgia, Azerbaijan and Turkey”

Galust Saakyan: Civilized talks are possible only without ultimatums

Galust Saakyan: Civilized talks are possible only without ultimatums

The head of the parliamentary fraction, and deputy chairman of the Republican Party of Armenia Galust Saakyan commented on the steps taken by the authorities to prevent social protest. -On March 17, at a meeting, the leader of Armenian National Assembly Levon Ter-Petrosyan voiced questions which can be discussed with the authorities: freedom for political prisoners, right to hold meetings at the Freedom Square and establishing an independent committee on investigation of people death on March 1, 2008. What do you think about talks with the opposition?

Russian and Armenia to discuss economic cooperation

The Kremlin press service published the agenda of the negotiations between Russian and Armenian presidents which will be held February 25 in St. Petersburg News.am reports.President Dmitry Medvedev and his Armenian counterpart Serzh Sargsyan will focus on the development of economic and investment cooperation, taking into account the fact that Russia is the leading foreign trade partner of Armenia, the report says.

Armenia's President sums up outcome of last year

The coming year should fully restore the Armenian economy, deepen the diversification trends in the economy and see new and creative steps amid new realities, the President of Armenia Serzh Sargsyan said during a reception of the business community on the occasion of the

IMF to issue $115.2 to Armenia

The IMF has concluded the first overview of the anti-crisis economicprogram of Armenia. Yerevan may receive a loan equal to $115.2million. The overview was made using a simplified procedure whichexcludes formal discussions of the program, ITAR-TASS reports.IMF has also informed about the results of the annual overview ofArmenian economy. The fund sees slow improvements in the economy. TheGDP will increase by 4% in 2010 and by 4.6% in 2011.

Armenians consider Russia to be guarantor of security

Russia is the most significant country for Armenians, according to apoll by the social organization European Friends of Armenia (EuFoA)carried out in Armenia on October 15-18, RIA Novosti reports.1,210 people were questioned. 80% said that they trust Russia, 42% ofthe respondents say that they trust France.Russia is considered the main guarantor of security in Armenia andNagorno-Karabakh. 85% of the population believes that Russia plays thekey role in settling the Nagorno-Karabakh conflict.

Protests at Armenian president’s residence

Approximately 200 employees of the Nairit company have gathered at theresidence of Armenian president with protests. They demand wage debtsbe paid off. The company’s head, Vaan Melkonyan, arrived at the scene.According to Panorama.am, Melkonyan and 5 employees were invited tothe residence.Melkonyan said that the factory owes wages for over three months. Thereason is financial problems due to last year’s economic recession.

Vahagn Khatchatrian: 'Armenian market is under 100% control of the state'

Vahagn Khatchatrian: 'Armenian market is under 100% control of the state'

According to experts, the Armenian economy is facing several unresolved problems such as monopolization, a low level of diversification and unilateral dependence on foreign money transfers. Vahagn Khatchatrian, ex-mayor of Yerevan and current member of Armenian National Congress economic commission answers VK's questions.- Recent economic growth is provided for the most part by construction activity and transfers. How has it influenced the economic development of the country?

Sargsyan, Putin talk on telephone

Armenian President Serzh Sargsyan has had a telephone conversation with Russian Premier Vladimir Putin. NEWS.am reported that Sargsyan had again congratulated Putin on recent birthday, wishing him success and the development of Russian economy. The Armenian leader also expressed confidence that Russian economic improvements will stimulate the Armenian economy. They also discussed Armenian-Russian cooperation issues.

Gagik Makaryan: The necessity of diversifying GDP

Gagik Makaryan: The necessity of diversifying GDP

The economic crisis has shown how vulnerable the Armenian economy is. The country is extremely dependent on imports of metals and capital; its GDP is not diversified. The special correspondent of the "VestnikKavkaza" news agency discussed the state of the Armenian economy with the Chairman of the Armenian Union of Industrialists and Entrepreneurs, Gagik Makaryan. - It is often said in Armenia today that small and medium-sized enterprises should be supported and developed. How is this task being fulfilled?