YEREVAN, OCTOBER 30, NOYAN TAPAN. A group of scientists of the Optics Department of Yerevan State University (YSU) developed an auto-focusing system for laser cutting and engraving automated control systems. Artur Galstyan,
YEREVAN, OCTOBER 30, NOYAN TAPAN. More than 60 companies from Armenia, Russia, Ukraine and other countries will participate in the sixth international exhibition "Armprodexpo" to be held in Yerevan on October 31
YEREVAN, OCTOBER 30, NOYAN TAPAN. As of June 30, 2006, the assets of the International Trade Bank (ITB) made 5.1 bln drams (about 11.5 mln USD), its credit portfolio - 1.6
YEREVAN, OCTOBER 30, NOYAN TAPAN. Soya East Ltd, a company set up in Yerevan a year ago, produces milk, condensed milk and cheese, as well as meat and cheese surrogates from
YEREVAN, OCTOBER 30, NOYAN TAPAN. International conference "Role of Policy of Computer Programs with Open Code in Development of Information Society" will be held from October 31 to November 1 in Yerevan.
YEREVAN, OCTOBER 30, NOYAN TAPAN. The scientific research institute Biotechnology is developing a new highly-efficient milk-clotting enzyme preparation, which will also have slight protein destruction properties. Hakob Karagulyan, senior staff member of the
YEREVAN, OCTOBER 28, NOYAN TAPAN. The purpose of the Caucasian Business and Development Network (CBDN) program is to establish business links among small and medium enterpeises of the conflict countries in the
YEREVAN, OCTOBER 27, NOYAN TAPAN. VTB Capital company - a subsidiary of VTB Bank (Russia) gave up its intention to purchase and relaunch the Vanadzor chemical enterprise - Prometey-Khimprom company. Chairman of
YEREVAN, OCTOBER 27, NOYAN TAPAN. Armenia has shown a two-digit economic growth in recent years, and there is no reason for a decline in this growth in the future. Roger Robinson, the
YEREVAN, OCTOBER 27, NOYAN TAPAN. Mikhail Baghdasarov was the first to offer VTB Bank to acquire his 30% of VTB Bank Armenia shares. Vasily Titov, Senior Deputy Chairman and member of the
YEREVAN, OCTOBER 27, NOYAN TAPAN. The World Bank (WB) Board of Directors on October 26 approved the RA Social Investment Fund's 25 million-dollar credit program. Director of the WB Yerevan Office Roger
YEREVAN, OCTOBER 26, NOYAN TAPAN. "The delay in repairs of the main street of Yerevan's Arabkir community is connected with solution of document-related problems with US tax bodies," Harut Sasunian, Vice Chairman
BRUSSELS, OCTOBER 26, NOYAN TAPAN. The 7th sitting of the Armenia-EU Cooperation Committee took place in Brussels on October 25. The Armenian delegation headed by the RA Minister of Trade and Economic
YEREVAN, OCTOBER 26, NOYAN TAPAN. On October 26, after two years of modernization, Yerevan's RusAl ArmenAl Plant (former Kanaker Aluminium Plant) was again put into operation. The plant is part of RusAl
YEREVAN, OCTOBER 26, NOYAN TAPAN. The ArmRusgazprom company has already made a proposal to the Armenian government to transfer the 40-km Meghri-Kajaran section of the Iran-Armenia gas pipeline to the company. Karen
YEREVAN, OCTOBER 26, NOYAN TAPAN. At the October 26 sitting, the Armenian government approved a legislative package on making amendments in a number of laws. Vakhtang Mirumian, Head of the State Revenues
YEREVAN, OCTOBER 26, NOYAN TAPAN. At the October 26 sitting, the Armenian government made a decision on the order of refund (in some cases) and compensation (in other cases) of income tax
YEREVAN, OCTOBER 26, NOYAN TAPAN. The International Trade Bank (ITB) (Armenia) became one of the participants of KfW Bank's credit program on development of stable housing financing market. According a press release
YEREVAN, OCTOBER 26, NOYAN TAPAN. The company Dino Gold Mining is restoring the old Geghanush tailing pit to dump its waste there. Vahe Vardanian, head of the company's nature protection unit, told
YEREVAN, OCTOBER 26, NOYAN TAPAN. On October 26, a 25-million credit program of the RA Social Investment Fund will be submitted to the World Bank Board of Directors for consideration. NT correspondent
YEREVAN, OCTOBER 26, NOYAN TAPAN. The fourth international economic forum "Kamurj 2007" ("Bridge 2007") under the slogan "The Economic Integration in Globalization Conditions" will be held in Tsakhkadzor on February 16-19, 2007.
YEREVAN, OCTOBER 25, NOYAN TAPAN. At the venture conference of the US Civilian Research and Development Foundation (CRDF) and its Armenian partner Enterprise Incubator Foundation (EIF) in Yerevan on October 24, the
YEREVAN, OCTOBER 25, NOYAN TAPAN. Repairs of Komitas Street (Yerevan) with the Lincy Foundation's funds have been delayed "in connection with one-two problems". The RA Minister of Territorial Administration Hovik Abrahamian stated
YEREVAN, OCTOBER 25, NOYAN TAPAN. The Swedish Ambassador to Armenia Hans Gunar Aden was received on October 25 by the RA Prime Minister Andranik Margarian. According to
YEREVAN, OCTOBER 25, NOYAN TAPAN. The Iran-Armenia gas pipeline will be put into operation this year, the RA Minister of Energy Armen Movsisian stated in the parliament on October 25. According to
YEREVAN, OCTOBER 25, NOYAN TAPAN. The RA National Assembly on October 25 started discussing in first reading the controversial legislative package on property alienation for public and state needs, which was submitted
YEREVAN, OCTOBER 25, NOYAN TAPAN. The Dutch government envisages to provide a 500 thousand-euro subsidy to the Dutch medical and pharmaceutical equipement manufacturing company Metris for expansion of its activities in Armenia
YEREVAN, OCTOBER 25, NOYAN TAPAN. The Armenian authorities attach special importance to the consistent development of friendly relations with Japan - one of the leading countries in the Asian-Pacific region, taking into
YEREVAN, OCTOBER 25, NOYAN TAPAN. It is envisaged to complete the design of the 400-kv high-voltage line from Georgia to Armenia by the end of 2006, after which a tender to
YEREVAN, OCTOBER 24, NOYAN TAPAN. The RA National Assembly Speaker Tigran Torosian on October 24 received the Director of the World Bank Armenia Office Roger Robinson who completes his term of office
YEREVAN, OCTOBER 24, NOYAN TAPAN. It is envisaged to complete the construction of the 40-km Meghri-Kajaran section of the Iran-Armenia gas pipeline by December 20, which will allow to start the new
YEREVAN, OCTOBER 24, NOYAN TAPAN. A considerable growth has been registered in trade between Armenia and Belarus. Vahagn Movsisian, Director General of the Armenian Development Agency (ADA), stated this at an Armenian-Belarusian
YEREVAN, OCTOBER 23, NOYAN TAPAN. A tete-a-tete talk took place between the Armenian Prime Minister Andranik Margarian and his Belarusian counterpart Sergei Sidorski at the Armenian government on October 23, after which
YEREVAN, OCTOBER 23, NOYAN TAPAN. A memorandum on the Armenian-Belarusian cooperation in the high and information technologies sectors was signed on October 23 during the visit of the delegation headed by the
YEREVAN, OCTOBER 23, NOYAN TAPAN. Investment programs of about 19 bln drams (about 49.2 mln USD) were implemented or are being implemented in Yerevan in 2003-2006, 50% of which - in
YEREVAN, OCTOBER 23, NOYAN TAPAN. The Belarusian Prime Minister Sergei Sidorski, who is on an official visit to Armenia, was received on October 23 by the Armenian President Robert Kocharian.
YEREVAN, OCTOBER 23, NOYAN TAPAN. Armenian-Belarusian agreements on cooperation in several sectors such as customs, social, cadastre, and sports were signed on October 23 within the framework of the visit of the
YEREVAN, OCTOBER 23, NOYAN TAPAN. There is no sense in faking of brand-name clothing, because "high-quality" faking of production and lables of famous companiies is a costly pleasure, while a low-quality fake
YEREVAN, OCTOBER 20, NOYAN TAPAN. Armenian businesswomen do not yield to men by their efficient activities, and there are no problems of sex discrimination in this respect. Gary Kilmer, USAID DAI-ASME director,
YEREVAN, OCTOBER 20, NOYAN TAPAN. Starting November 1, a new safety payment of 2 euros will be charged from leaving, arriving and transit passengers at Zvartnots Airport. Gayane Davtian, spokeswoman for the
YEREVAN, OCTOBER 20, NOYAN TAPAN. Haypost Trust OJSC, which will assume soon management of Haypost company for 5 years, is owned not by the Dutch company Ing, as the RA Minister
YEREVAN, OCTOBER 20, NOYAN TAPAN. The preliminary investigation of the criminal case against the management of Royal Armenia Ltd was completed and the case has been sent to court. Gevorg Minasian, the
YEREVAN, OCTOBER 20, NOYAN TAPAN. In January-September 2006, Armenia's GDP made 1 trlillion 720 billion 63 million drams (about 4 billion USD), exceeding by 12.5% the respective index of last year. According
YEREVAN, OCTOBER 19, NOYAN TAPAN. At the October 19 sitting of the RA government, an amendment was made in the decision on compensation for beneficiary families' deposits with the Armsavingsbank. Based on
YEREVAN, OCTOBER 19, NOYAN TAPAN. At the October 19 sitting, the RA government made a decision on priority directions of developing the innivation sector. The RA Minister of Trade and Economic Development
YEREVAN, OCTOBER 19, NOYAN TAPAN. Armenian businessmen sustain quite considerable losses because of the closing of the Verin Lars crossing point: only transport expenses grew by 7-20%. The RA Minister of Trade
YEREVAN, OCTOBER 19, NOYAN TAPAN. About 60 companies, private businessmen, and NGOs are taking part in the second national exhibition "Armenian Businesswoman 2006" that opened on October 19 at Yerevan's Arno Babajanian
YEREVAN, OCTOBER 19, NOYAN TAPAN. Former employees of the liquidated company Armenian Airways demand that the Armenian government pay their unpaid salaries for six months. Pilot Vladimir Poghosian said during the October
YEREVAN, OCTOBER 18, NOYAN TAPAN. The production of the Armenian information technologies (IT) sector currently accounts for about 2% of GDP: this index is typical of the countries with a developed IT
YEREVAN, OCTOBER 18, NOYAN TAPAN. By the October 18 decision of the RA Public Services Regulatory Commission, ArmenTel company was instructed to resume temporarily the provision of telephone services to 134 organizations
YEREVAN, OCTOBER 18, NOYAN TAPAN. Cooperation with the World Bank over the past years has given a great result in terms of developing the Armenian economy. The RA President Robert Kocharian stated
YEREVAN, OCTOBER 18, NOYAN TAPAN. The 30th meeting of the Intergovernmantal Council on CIS Countries Cooperation in Veterinary Issues with the participation of 11 countries' representatives opened in Yerevan on October 18.
YEREVAN, OCTOBER 18, NOYAN TAPAN. The Hayastan All-Armenian Fund does not agree with the qualifications that the fund's programs in Nagorno Karabakh should be considered as a failure, Naira Melkumian, Executive Director
YEREVAN, OCTOBER 18, NOYAN TAPAN. 14 programs assisting small and meddium-sized business are implemented this year in Armenia with the assistance of Netherlands Senior Experts (PUM) organization. As Jan Roben, the Director
YEREVAN, OCTOBER 18, NOYAN TAPAN. The Armenian government-announced IT Month, which started on September 15 with the preliminary stage of the IT programming contest in Yerevan, Gyumri and Vanadzor and ended on
YEREVAN, OCTOBER 13, NOYAN TAPAN. Starting mid November 2006, the Armenian bank Anelik will issue Visa International cards. Svetlana Georbelidze, Visa International's Regional Manager for CIS countries, stated this on October 13
YEREVAN, OCTOBER 13, NOYAN TAPAN. The Director General of the OPEC Fund for International Development Suleiman Al-Herbish and the delegation headed by him were received on October 13 by the RA Prime
YEREVAN, OCTOBER 13, NOYAN TAPAN. The RA Public Services Regulatory Commission on October 13 made a decision to reject ArmenTel company's proposal on making corrections to the tariffs of main and not
YEREVAN, OCTOBER 12, NOYAN TAPAN. "The greatest obstacle to our activities in Armenia is high tariffs and low quality of telecommunication services - Internet and phone connection," Aram Kablanian, Chairman and Chief
YEREVAN, OCTOBER 13, NOYAN TAPAN. The OPEC Fund for International Development intends to extend programs aimed at developing the Armenian agriculture. The Director General of the fund Suleiman Jasir Al-Herbish told this
YEREVAN, OCTOBER 12, NOYAN TAPAN. At the October 12 sitting, the Armenian government made a decision to transfer Armenian Railway CJSC for concessional management. The RA Minister of Transport and Communication Andranik
YEREVAN, OCTOBER 12, NOYAN TAPAN. The shares of Haypost company will be soon passed to Haypost Trust OJSC (whose founder is the Dutch company ING) for 5-year management, RA Minister of Transport
YEREVAN, OCTOBER 12, NOYAN TAPAN. The Greek company OTE will present to the Armenian government the name of the purchaser of 90% of ArmenTel company's shares within the next few days. The
YEREVAN, OCTOBER 12, NOYAN TAPAN. The programs implemented in Armenia by the OPEC (Organization of Petrolium Exporting Countries) Fund for International Development aim to improve agricultural infrastructures, which is a necessary condition
KAPAN, OCTOBER 12, NOYAN TAPAN. The "Association of Kapan Region Farmers" public organization organized on October 12 in the Cultural Center of Kapan the 2nd exhibition-sale of agricultural products in which farmers
YEREVAN, OCTOBER 12, NOYAN TAPAN. The grain harvest was practically completed in Armenia as of October 11. This year the areas under grain crops were reduced by about 5 thousand ha,
YEREVAN, OCTOBER 12, NOYAN TAPAN. The first and foremost task and goal of OPEC Fund for International Development is stimulation of economic development and growth of private enterprises in developing countries, especially
YEREVAN, OCTOBER 12, NOYAN TAPAN. The Railway Council of CIS and Baltic States operates with great efficiency, there has been no case when the council failed to find mutually acceptable solutions to
YEREVAN, OCTOBER 12, NOYAN TAPAN. The possible amendment to be made by Russian legislators in the banking legislation, according to which the government instead of the Central Bank of Russia will regulate
YEREVAN, OCTOBER 12, NOYAN TAPAN. The second national commercial exhibition "Armenian Businesswoman 2006" will be held in Yerevan on October 19-21. The purpose of the event is to provide more information about
YEREVAN, OCTOBER 11, NOYAN TAPAN. Armenia attaches importance to the development of means of transport and is ready for a constructive dialog on this issue. This is said in the message of
YEREVAN, OCTOBER 11, NOYAN TAPAN. 73 applications have been submitted for participation in the group and individual contests of the first All-Armenian 24-hour Online Open Source Marathon (www.webos2006.com). Hovhannes Avoyan, Director of
YEREVAN, OCTOBER 11, NOYAN TAPAN. The Russian company MTC refuted the information that the Arab consortium Emirates Telecommunications Corporation (ETISALAT)/Istithmar PJSC/Emergent Telecom Ventures (ETV) has won the tender for sale of 90% of
YEREVAN, OCTOBER 11, NOYAN TAPAN. In January-August 2006, 4,102.8 million kwh of electricity was generated in Armenia, which is by 4.4% less than in the same period of last year. According to
MOSCOW, OCTOBER 11, NOYAN TAPAN. The transit of goods from Russia to Armenia through the territory of Georgia will not be suspended, on which a respective agreement has been reached with the
YEREVAN, OCTOBER 10, NOYAN TAPAN. The existence of the French Armenian community is greatly conducive to the development of friendship and cooperation between Armenia and France, which is also evidenced by establishment
YEREVAN, OCTOBER 10, NOYAN TAPAN. The 44th sitting of the Railway Council of CIS and Baltic states will be held in Yerevan on October 11-13 with the participation of 133-member delegation representing
YEREVAN, OCTOBER 10, NOYAN TAPAN. 90% of shares of the telecommunication company ArmenTel that belong to OTE company (Greece) have been sold to the Arab consortium Emirates Telecomminications Corporation (ETISALAT)/ Istithmar PJSC/Emergent Telecom
YEREVAN, OCTOBER 10, NOYAN TAPAN. In Janaury-August 2006, Armenia's gross agricultural output made 294.6 bln drams (about 677 mln USD), which is less by 6.9% compared with the same period of last
YEREVAN, OCTOBER 10, NOYAN TAPAN. In January-August 2006, metallurgical production of Armenia made 73 bln 326.8 mln drams (about 168.4 mln USD), which exceeds the index of the same period of last
YEREVAN, OCTOBER 10, NOYAN TAPAN. In January-August 2006, industrial production of 411 billion 203.9 million drams (about 944.6 million USD) was manufactured in Armenia. Production of 419 bln 119 mln drams was
YEREVAN, OCTOBER 9, NOYAN TAPAN. During the Armenian-German business forum on October 9, Armenian Deputy Minister of Trade and Economic Development Tigran Davtian expressed a hope that the event will promote the
YEREVAN, OCTOBER 9, NOYAN TAPAN. The Concept of State Property Management recently approved by the Armenian government enables to deal with problems in this sphere. Karine Kirakosian, Head of the RA State
YEREVAN, OCTOBER 9, NOYAN TAPAN. The Armenian authorities are conducting the policy of artificially raising the exchange rate of the Armenian dram. Economist Eduard Aghajanov made this statement during a press conference
YEREVAN, OCTOBER 9, NOYAN TAPAN. The DigiTec 2006 international exhibition held in Yerevan on October 6-8 was noted for the high quality of its organization, products and services on display as was
YEREVAN, OCTOBER 6, NOYAN TAPAN. During a press conference held within the framework of Digitec-2006 international exhibition that started in Yerevan on October 6, Vahe Torosian, Vice Chairman of the Microsoft Central
YEREVAN, OCTOBER 6, NOYAN TAPAN. In January-August 2006, about 5.6 billion drams was allocated for servicing Armenia's state debt: the nine-month program on such expenditures was fulfilled by 73.3%. Out of the
YEREVAN, OCTOBER 6, NOYAN TAPAN. The United Labor Party (ULP) expresses its discontent with the start of "election actions" in the parliament because such actions may prevent the RA National Assembly from
YEREVAN, OCTOBER 6, NOYAN TAPAN. The RA Minister of Urban Development Aram Harutyunian will pay a visit to Kotayk marz on October 6 to familiarize himself with the state budget-financed construction of
YEREVAN, OCTOBER 6, NOYAN TAPAN. The international exhibition Digitec-2006 with the participation of 34 Armenian companies, higher educational institutions and organizations, as well as 12 foreign companies and joint ventures of the information
YEREVAN, OCTOBER 6, NOYAN TAPAN. In January-August 2006, the RA state budget (without the inflow of credit resources financed from external sources) was implemented with a deficit of about 8.2 billion drams.
YEREVAN, OCTOBER 6, NOYAN TAPAN. In January-August 2006, 118.1 billion drams was allocated from the RA state budget for the purchase of goods and services, which made up 54.7% of current expenditures
YEREVAN, OCTOBER 6, NOYAN TAPAN. About 215.8 billion drams (over 495.7 million USD) was allocated from the RA state budget for the purpose of financing current expenditures in January-Augsut 2006, which ensured
YEREVAN, OCTOBER 6, NOYAN TAPAN. In January-August 2006, Armenia received official budgetary transfers of 4.2 bln drams from foreign donors. According to the RA Ministry of
YEREVAN, OCTOBER 5, NOYAN TAPAN. "The youth is a driving force of information technologies, and I believe that a community of young people engaged in the IT sector will form in Armenia
YEREVAN, OCTOBER 5, NOYAN TAPAN. In January-August 2006, current transfers made 26.2% of the RA state budget's current expenditures or over 56.5 bln drams (about 130 mln USD).
YEREVAN, OCTOBER 5, NOYAN TAPAN. In January-August 2006, the RA state budget expenditures made 277.2 bln drams (about 636.8 mln USD), which ensured the execution of 79.7% of the nine-month program and
YEREVAN, OCTOBER 5, NOYAN TAPAN. In January-August 2006, the RA state budget revenues from capital operations made 9.7 bln drams (about 22.3 mln USD). Of this sum, about 8.6 bln drams was
YEREVAN, OCTOBER 5, NOYAN TAPAN. The RA National Assembly on October 5 discussed the action plan of the 2005-2009 Cooperation Program Between the Armenian Government and the UNDP. The action plan was
YEREVAN, OCTOBER 5, NOYAN TAPAN. At the October 5 sitting, the Armenian government made a decision to reorganize Armenergo, Hrazdan Thermal Power Plant and Sevan-Hrazdan Cascade CJSCs by joining these to Statepolymer
YEREVAN, OCTOBER 5, NOYAN TAPAN. At the October 5 sitting, the Armenian government approved the draft law on approval of the 2007-2009 three-year program of state statistical activities in the Republic of
YEREVAN, OCTOBER 5, NOYAN TAPAN. The current owner deliberately does nor relaunch the Vanadzor Chemical Complex, member of the People's Deputy group Vahram Baghdasarian stated in the RA National Assembly on October
YEREVAN, OCTOBER 5, NOYAN TAPAN. Issues of the Armenian-Romanian cooperation were discussed at the October 5 meeting of the Armenian Prime Minister Andranik Margarian and the Romanian President Tryan Basesku who is
YEREVAN, OCTOBER 4, NOYAN TAPAN - ARMENIANS TODAY. Romania is one of the Eastern European countries to have the most developed relations with Armenia: the two countries have completely formed the legal
YEREVAN, OCTOBER 5, NOYAN TAPAN. Co-Chairmen of the intergovernmental commission on Armenian-Romanian commercial-economic and scientific-technical cooperation, RA Minister of Transport and Communication Andranik Manukian and Minister Delegate for Trade Iuliu Winkler singed a
YEREVAN, OCTOBER 4, NOYAN TAPAN. The transport blockade of Georgia by Russia has not yet affected the Armenian economy, RA Prime Minister Andranik Margarian stated in the RA National Assembly on October
YEREVAN, OCTOBER 4, NOYAN TAPAN. The RA Public Services Regulatory Commission (PSRC) made a decision to "reject the proposal of ArmenTel CJSC regarding changes in tariffs of main and not main services
YEREVAN, OCTOBER 4, NOYAN TAPAN. Starting November 2006, the financial organizations - winners of the first stage of the mortgage crediting program "Development of Stable Housing Financing Market" will participate in the
YEREVAN, OCTOBER 4, NOYAN TAPAN. At the October 3 sitting, the Central Bank of Armenia (CBA) Board raised the repo interest rate by 0.25 percentage points to 4.75%. This is the
YEREVAN, OCTOBER 4, NOYAN TAPAN. The UN Global Alliance for ICT Development created after the Tunisian stage of the World Summit on the Information Society (WSIS) may promote the Armenian IT sector.
YEREVAN, OCTOBER 4, NOYAN TAPAN. The current state and development prospects of cooperation between Armenia and Romania in trade, industry, agriculture, small and medium business, transport and tourism were discussed at the
YEREVAN, OCTOBER 4, NOYAN TAPAN. In January-August 2006, the tax revenues of the RA state budget made 220.3 bln drams (about 506.1 mln USD), or 87.7% of the programmed index for
YEREVAN, OCTOBER 4, NOYAN TAPAN. As of October 3, Armenian reprocessing companies have purchased 83 thousand tons of grapes, which exceeded the index of the same period of the previous year by
YEREVAN, OCTOBER 4, NOYAN TAPAN. Non-tax revenues of the RA state budget made 22.3 bln drams (about 51.2 mln USD) in the first eight months of 2006, exceeding by 21.9% and
YEREVAN, OCTOBER 4, NOYAN TAPAN. A world e-content summit will be held in Yerevan on October 5-7. The Armenian Information Technologies Foundation (ITF) is the initiator and organizer of the event. 90
YEREVAN, OCTOBER 4, NOYAN TAPAN. In January-August 2006, the state duty revenues of the RA state budget amounted to 12.5 bln drams (about 28.7 mln USD): thus the none-month program of these
YEREVAN, OCTOBER 4, NOYAN TAPAN. Leader of the Orintas Yerkir Party (OYP) Artur Baghdasarian, who resigned from the post of Narional Assembly Speaker in May 2006, made a public statement from the
YEREVAN, OCTOBER 3, NOYAN TAPAN. In January-August 2006, the RA state budget revenues made about 269 bln drams (about 618.2 mln USD), while budget expenditures amounted to 277.2 bln drams. These indices
YEREVAN, OCTOBER 3, NOYAN TAPAN. At the October 3 sitting of the Business Support Council (BSC) under the Armenian Prime Minister, which was conducted by the Council Chairman, Prime Minister Andranik Margarian,
YEREVAN, OCTOBER 3, NOYAN TAPAN. Although Armenia ranks 34th among 175 countries in terms of efficiency of its reforms aimed at improving the business environment, these reforms are proceeding slowly. Simeon Dyankov,
YEREVAN, OCTOBER 3, NOYAN TAPAN. A number of sheep breeding farms in the villages of Tsakhkunk, Zovaber and Semyonovka of Gegharkunik marz intend to found a union of semicoarse wool sheep breeders
YEREVAN, OCTOBER 3, NOYAN TAPAN. A 1.2% inflation was registered in the Armenian food commodity market in September 2006 on December 2005 and a 6.8% inflation - in September 2006 on the
YEREVAN, OCTOBER 2, NOYAN TAPAN. A 2.3% growth in consumer prices was registered in Armenia in September 2006 on December 2005. During the indicated period, the Armenian dram appreciated by 13.7% against
YEREVAN, OCTOBER 2, NOYAN TAPAN. The index of consumer prices in Armenia in September 2006 on December 2005 made 102.3%, including the index of the food commodity prices (including alcoholic drinks and
YEREVAN, OCTOBER 2, NOYAN TAPAN. The price of gasoline fell by 2%, that of diesel fuel - by 4.3% in Armenia in September on August 2006. According to the RA National
YEREVAN, OCTOBER 2, NOYAN TAPAN. The 2.4% inflation in the Armenian non-food commodity market in September 2006 on December 2005 was mainly conditioned by the growth in the prices of footwear (4%),
YEREVAN, OCTOBER 2, NOYAN TAPAN. An agreement on cooperation in the spheres of architecture, territorial governance and construction was signed on September 27 between the RA Ministry of Urban Development and the
YEREVAN, OCTOBER 2, NOYAN TAPAN. The legislative package on alienation of property for public and state needs, which was designated as urgent by the Armenian government, has not been put on the
YEREVAN, OCTOBER 2, NOYAN TAPAN - ARMENIANS TODAY. "All the agreements reached at our meetings with the French president have been put into practice," the Armenian President Robert Kocharian said during the
YEREVAN, OCTOBER 2, NOYAN TAPAN. On September 30 the supply of natural gas to Armenia was resumed. NT correspondent was informed at the company ArmRusgazprom that 5.6 million cubic meters of gas
YEREVAN, OCTOBER 2, NOYAN TAPAN. The operation of the second power unit of the Armenian Nuclear Power Plant (ANPP) was discontinued on October 1 at 11:10 pm with the aim of
YEREVAN, SEPTEMBER 29, NOYAN TAPAN. The RA Minister of Finance and Economy Vardan Khachatrian and the Armenian Representative of the Millennium Challenge Corporation (MCC) Alex Rasin on September 29 exchanged official letters
YEREVAN, SEPTEMBER 29, NOYAN TAPAN. The company Village Group was founded in Lori marz in 2000. It produces 160-200 tons of cheese of various types - Lori, Tashir, Chanach and Cechil annually.
YEREVAN, SEPTEMBER 29, NOYAN TAPAN. 6,445.1 tons of apricots, cherries, comels and peaches, and 84.6 tons of grapes was exported from Armenia in January-August 2006. NT correspondent was informed at the Agribusiness
YEREVAN, SEPTEMBER 28, NOYAN TAPAN. At the September 28 sitting, the Armenian government approved the 2007 draft state budget to be submitted to the National Assembly for discussion. Deputy Minister of Finance
YEREVAN, SEPTEMBER 28, NOYAN TAPAN. Cascade Credit universal credit institution issued 50 thousand USAID-guaranteed discount bonds with the nominal value of 50 thousand drams. These one-year bonds have a 7.5% yield. Cascade
YEREVAN, SEPTEMBER 28, NOYAN TAPAN. No salt is currently imported into Armenia, except for granulated table salt that is imported from Ukraine. Habratsum Sedrakian, Vice President for Economic Issues of the Avan
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. The Association "For Sustainable Human Development" has been granted a special advisory status of the UN Economic and Social Council (ECOSOC). According to a press release submitted
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. By the September 27 order of Head of the State Tax Service (STS) adjunct to the RA government Felix Tsolakian, Artur Osikian was appointed as head of
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. During the September 27 special session, the RA National Assembly discussed the Armenian President's proposal regarding expediency of ending the operation of the Agreement on Status of
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. During the September 27 special session, the RA National Assembly discussed in first reading the draft law on the order of state compensation for losses in community
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. The draft law on alienation of property for public and state needs, which was put to the vote in second reading at the September 27 sitting
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. Part of the property (worth about 85 mln drams or 220 thousand USD) of the airline Armenian Airways, which has been declared bankrupt, will be auctioned on
KAPAN, SEPTEMBER 27, NOYAN TAPAN. Officials of the Chinese company Fambishen are in Kapan to test the drilling equipment supplied to Dino Gold Mining Company (former Kapan Ore Processing Enterprise) and put
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. The first sitting of the Armenian-Finnish intergovernmental commission on economic cooperation will be held in Helsinki on October 5-6. NT correspondent was informed about it from Mushegh
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. Armenia will take part in the Interfood first international exhibition to be held on November 16-18 2006 in Tbilisi. Production of food and industrial sphere of Caucasian
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. Lithuanian businessmen consider it expedient to cooperate with Armenian enterprises in such sectors as natural food procession, drink production, electronics, information and communication technologies industry. The Chairman of
YEREVAN, SEPTEMBER 27, NOYAN TAPAN. The international integration assistance center Master published the third catalogue "National Export Register - Armenia 2006-2007". NT was informed from the center that the catalogue contains information about
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. During the special session on September 26, the RA National Assembly discussed in second reading the draft law on property alienation for public and state needs. In
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. The current situation concerning corruption in Armenia is much better compared with that in the Soviet time and the situation in the neighboring countries, but we need
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. In the scope of the Public Sector Modernization Programme Ameria CJSC is contracted by the RA Ministry of Trade and Economic Development to analyze the RA legislation
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. The second reading of the draft law on property alienation for public and state needs started at the special session of the RA National Assembly convened on
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. Leading European banking group, Credit Agricole, has become ACBA bank's biggest shareholder by buying 28% of the bank's shares. Stepan Gishian, bank's General Executive Director, informed journalists
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. The British company Global Steel Holdings envisages to implement ling-term programs in Armenia's mining industry. Promad Mital, Chairman of the company's board of directors, stated this during
YEREVAN, SEPTEMBER 26, NOYAN TAPAN. Possibly, the World Bank (WB) will not allocate funds for repairs and development of irrigation systems in Armenia taking into account the circumstance that rather big sums
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. On the initiative of the Armenian government, a special session of the RA National Assembly will be convened on September 26 at 12 am with the
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. An Armenian high-tech forum Armtech-2007 will be held in Silicon Valley (US) in July 2007. It is envisaged to hold such forums every second year. Tony Moroyan,
KAPAN, SEPTEMBER 25, NOYAN TAPAN. Production of various enterprises of Syunik marz: alcoholic drinks, tinned goods, clothing, etc. were on display at the exhibition "The Business Opportunities in Syunik Marz" held in
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. The best 32 out of about 100 students and engineers - participants in the 1 stage of the first Armenia Microelectronics Olympiad competed on September 25 for
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. NSBC Bank Armenia, which was the first international bank to open in Armenia, intends to considerably expand the network of its Armenian branches in 2007. Antony Turner,
YEREVAN, SEPTEMBER 25, NOYAN TAPAN . During the opening ceremony of the first Armenian Microelectronics Olympiad Finals, Director General of Viasphere Technopark Aram Vardanian handed the symbolic key of Synopsys Armenia's new
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. The second international Armagroforum allowed Armenian agricultural organizations to reach numerous agreements with foreign businessmen and organizations. The Armenian Minister of Agriculture Davit Lokian stated this at the
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. Issues related to the current activities and future programs of HSBC Bank in Armenia were discussed at the September 23 meeting of the Armenian President Robert Kocharian
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. The safety of not only big Kechut and Marmarik reservoirs but also 22 small ones will be ensured by 2009 under the World Bank's Armenian Reservoirs Safety
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. An exhibition of Armenian wines and articraft articles will be held on September 26 in Bratislava, the capital of Slovakia. Mushegh Sargsian, Director for Export Promotion of
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. ArmenTel company dismisses the press accusations that it sends to its subscribers bills for calls that were not made. "We inform
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. Armenia lacks coordinated links with the Diaspora. The RA National Assembly deputy, well-known businessman Khachatur Sukiasian expressed this opinion during a discussion at Hayeli Club on September
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. The Armenian state sould be non-corrupt: according to RA National Aseembly deputy, Chairman of the NDU party Vazgen Manukian, this is the main condition that Armenia has
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. A memorandum on cooperation was signed between the Enterprsie Incubator Foundation (EIF) and Egypt's Chamber of Information and Communication Technologies (CIT) during the first Armenian-Egyptian business forum on
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. The Information Technologies Month with the participation of all the state, private and non-governemtal organizations that have had their input to the IT sector started in Armenia
YEREVAN, SEPTEMBER 25, NOYAN TAPAN. Armenia is loyal to its commissions and is for exclusively peaceful use of nuclear energy. Head of the Armenian delegation, RA Deputy Foreign Minister Arman Kirakosian declared
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. Production of more than 250 local and foreign companies: alcoholic and soft drinks, confectionery, juices, as well production of the high-tech and information technologies sector is displayed
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. At the September 22 sitting, the Armenian government made a decision to assign the RA Minister of Transport and Communication to cancel the agreement between Haypost CJSC
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. During the September 22 meeting, the RA Minister of Territorial Administration Hovik Abrahamian and Kuwait's Ambassador Extraordinary and Plenipotentiary to Armenia Majd Aldafiri (residence - Tehran) discussed a
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. "After becoming independent, Armenia adopted a policy of establishing market relations in the economy, for which purpose liberalization values-based economic reforms were launched. 15 years later, we can
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. The second international Armagroforum started its work in Yerevan on September 22. Representatives of various Armenian agricultural organizations, food industry and other sectors, as well as officials from
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. The Russian President Vladimir Putin will visit on September 25 the Microlelectronic Technics Research Institute in the technopolis Zelenograd near Moscow. A higer educational master's program developed
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. An agreement on cooperation was signed between the Armenian government and Sun Microsystems, a US high-tech company, on September 20 within the framework of the second Armenia-Diaspora
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. The purpose of the round table held within the framework of the second Armenia-Diaspora economic forum in Yerevan on September 20 was to present the state policy
YEREVAN, SEPTEMBER 22, NOYAN TAPAN. "I am convinced that this forum will open new opportunities for the maximum possible use of your economic potential and business links for the good of the
YEREVAN, SEPTEMBER 20, NOYAN TAPAN. "The Armenian government has set us an important task: to introduce the output of the Information Technologies sector in the real sector and all the spheres of
YEREVAN, SEPTEMBER 20, NOYAN TAPAN. Since September 18, two 30-second commercials about Armenia are broadcast three times a day on CNN. Mekhak Apresian, Head of the Tourism Department of the RA Ministry
YEREVAN, SEPTEMBER 20, NOYAN TAPAN. The construction of the Marmarik reservoir resumed on September 20. It is envisaged to complete the construction in 2008. Adibek Ghazarian, director of the Water Industry Systems'
YEREVAN, SEPTEMBER 20, NOYAN TAPAN. The 2nd international Armagroforum will be held in Yerevan's Karen Demirchian Sport and Concert Complex on September 22-23 on the initiative of the RA Ministry of Agriculture.
YEREVAN, SEPTEMBER 20, NOYAN TAPAN. Attaching special importance to the role of the Information and Communication Technologies (ICT) sector in Armenia's economic development, the Armenian government has given it a top priority
YEREVAN, SEPTEMBER 20, NOYAN TAPAN. This year Yerevan's Proshian Brandy Plant plans to purchase 6,000 tons of grapes and 1,000 tons of apples. The process of purchasing mulberry, comel, blackberry and plum
STEPANAKERT, SEPTEMBER 20, NOYAN TAPAN. On the initiative of the Nagorno Karabakh Republic Ministry of Territorial Management and Development of Industrial Infrastructures, the Artsakh Development Agency and Public organization of businessmen and
YEREVAN, SEPTEMBER 19, NOYAN TAPAN. The composite economic indices, except for the business environment index, grew in Armenia in the third quarter compared with the second quarter of 2006. In the quarter
YEREVAN, SEPTEMBER 19, NOYAN TAPAN. The implementation of joint economic and environmental protection programs by the Armenian government and the OSCE Armenia Office was discussed at the September 19 meeting of the
YEREVAN, SEPTEMBER 19, NOYAN TAPAN. The Enterprise Incubator Foundation (EIF) will hold the Innovation, Information and Telecommunication Technologies 2006 international conference on September 20 within the framework of Month of Information and Telecommunication
YEREVAN, SEPTEMBER 19, NOYAN TAPAN. Over the past three years, the Yerevan Leather Haberdashery Factory (YLHF) has produced 3,000 units of production a month - wallets, as well bags of various types
YEREVAN, SEPTEMBER 19, NOYAN TAPAN. Within the framework of the Information Technologies (IT) Month events, Armenian-Egyptian Information Technologies business forum will be held on September 22 at the Congress hotel of Yerevan.
YEREVAN, SEPTEMBER 19, NOYAN TAPAN. This month the Central Bank of Armenia (CBA) will put in circulation the seventh commemorative coin of "Armenian Statehood" series that depicts the residence of the president
YEREVAN, SEPTEMBER 18, NOYAN TAPAN. Sales of Grand Tobacco and International Masis Tabak companies account for 25% and 30% of the Armenian cigarette market. A representative of one of the companies operating
YEREVAN, SEPTEMBER 18, NOYAN TAPAN. Most of the work of 5 bln 700 mln drams (about 14.25 mln USD) envisaged by Yerevan mayor's office in 2006 has been almost completed. Frunze Basentsian,
YEREVAN, SEPTEMBER 18, NOYAN TAPAN. The ongoing studies at the Nubarashen dump with the aim of constructing an enterprise to generate electricity from methane gas with funds of the Shimizu Corporation (Japan)
YEREVAN, SEPTEMBER 18, NOYAN TAPAN. The RA Urban Development Minister Aram Harutyunian will pay a 3-day visit to Switzerland on September 19-21. According to the RA Urban Development press service, he will
YEREVAN, SEPTEMBER 18, NOYAN TAPAN. In January-July 2006, the RA consumer market volume made 764 bln 981.2 mln drams (over 1 bln 738 mln USD), exceeding the index of the same
YEREVAN, SEPTEMBER 15, NOYAN TAPAN. The party Alliance of National Democrats (AND) together with a number of Armenian NGOs intends to struggle against the increase of service tariffs in the telecommunication sector,
YEREVAN, SEPTEMBER 15, NOYAN TAPAN. It is not ruled out that the International Monetary Fund (IMF) will provide a loan of about 5 mln USD under the Poverty Reduction and Growth Facility
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