YEREVAN, DECEMBER 12, NOYAN TAPAN. Construction done in the garden located between 56 Terian Street and 19 Aghayan Street in Yerevan is illegal. The residents of these apartment buildings told this to
YEREVAN, DECEMBER 11, NOYAN TAPAN. Construction and repair work of 9 bln 700 mln drams (about 22.8 mln USD) was done in Yerevan this year. Frunz Basentsian, Head of the the Construction,
YEREVAN, DECEMBER 8, NOYAN TAPAN. The two-digit rates of Armenia's economic growth are exaggerated at least 2-2.5 times, former prime minister of Armenia Hrant Bagratian said during a meeting with reporters on
YEREVAN, DECEMBER 8, NOYAN TAPAN. The Armenian President Robert Kocharian on December 8 conducted a working consultation on state revenues collection problems. NT was informed from the RA President's press service that
YEREVAN, DECEMBER 7, NOYAN TAPAN. This year the RA Ministry of Finance and Economy granted 14 licences for organization of prize games, 3 - of casinos and one licence for lottery organization.
YEREVAN, DECEMBER 7, NOYAN TAPAN. In January-October 2006, the Armenian consumer market amounted to 1 trillion 195 billion 307.4 million drams (over 2 bln 811.3 mln USD), exceeding by 16.1% the index
YEREVAN, DECEMBER 6, NOYAN TAPAN. During the December 6 meeting of the RA Minister of Finance and Economy Vardan Khachatrian and the newly appointed Head of the European Commission delegation in Armenia
YEREVAN, DECEMBER 6, NOYAN TAPAN. The acquisition of 90% of ArmeTel shares is the greatest deal of the Russian company Vympelkom, and ArmenTel is the largest enterprise (in terms of the number
YEREVAN, DECEMBER 6, NOYAN TAPAN. Armenia for the first time will take part in the Salon Mondial Du Tourisme international tourism exhibition to take place on 2007 March 15-18 in Paris. Noyan
YEREVAN, DECEMBER 6, NOYAN TAPAN. The RA National Assembly on December 6 passed in first reading the government's draft law which envisages additions and amendments to the RA Law on the 2006-2007
YEREVAN, DECEMBER 6, NOYAN TAPAN. 4885.7 mln kWt/h electricity was generated in January-October this year in Armenia, which is less by 5.7% as compared with the same period of the previous year.
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, the gross agricultural output of Armenia made 465.5 bln drams (about 1,23 bln USD), exceeding by 0.1% the index of the same period of
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, industrial production of 523 bln 619.6 mln drams (about 1 bln 231 mln USD) was manufactured in Armenia. Industrial production of 537 bln 88.1
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, the production of Armenia's chemical industry declined by 20.3% on the same period of last year and made 11 bln 458 mln drams (about
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, metallurgical production made 92 bln 412.3 mln drams in Armenia, exceeding by 5.4% the respective index of last year.
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, 514 new residentail buidlings of the total area of 285 thousand 588 sq.m. were put into operation at the expense of humanitarian aid and
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, construction work of 458 bln 605.7 mln drams (about 1 bln 78.6 mln USD), including construction of production objects of 175 bln 362.9 mln
YEREVAN, DECEMBER 6, NOYAN TAPAN. At the December 5 sitting, the Central Bank of Armenia (CBA) Board left the CBA refinancing interest rate unchanged - 4.75%, NT was informed from the CBA
YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, 148.9 bln drams (over 350 mln USD) was allocated from the RA state budget for the purchase of goods and services, which made up
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, over 274.2 bln drams (about 645 mln USD) was allocated for financing of the RA state budget's current expenditures, as a result of which
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, the RA state budget (without the inflow of target credit programs' resources financed from external sources) was executed with a deficit of over 8.8
YEREVAN, DECEMBER 5, NOYAN TAPAN. On December 5, RA National Assembly in second reading and completely adopted a legislative package envisaging making additions and an amendment to RA laws "On Licensing" and
YEREVAN, DECEMBER 5, NOYAN TAPAN. The RA National Assembly on December 5 passed 17 draft laws and legislative packages discussed the day before. Earlier the adoption of the draft law on medicines
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, the RA state budget received official transfers of 4.5 bln drams (about 10.6 mln USD), which made up 52.3% of the programmed annual index.
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, expenditures of over 354.4 bln drams (about 833.5 mln USD), which was 76.9% of the annual program of expenditures, were made at the expense
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, the RA state budget's state duty revenues made 16.1 bln drams (about 37.9 mln USD), which ensured 85.4% of the annual program on state
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, the RA state budget's customs duty revenues made 14.5 bln darms, exceeding by 11.2% or 1.5 bln drams (about 3.5 mln USD) the respective
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, 18.8% of the RA state budget's tax revenues was secured at the expense of profit tax revenues that amounted to over 53.6 bln drams
YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, 45.1% of the RA state budget tax revenues was secured at the expense of VAT, whose amount made 128.6 billion drams (over 302 mln
YEREVAN, DECEMBER 4, NOYAN TAPAN. In January-October 2006, tax revenues of the RA state budget made more than 285 billion drams (about 670 million USD), as a result of which the
YEREVAN, DECEMBER 4, NOYAN TAPAN. In January-October 2006, the revenues of the RA state budget made over 345.6 billion drams (about 813 million USD), while expenditures - 354.4 billion drams. The annual
YEREVAN, DECEMBER 4, NOYAN TAPAN. With the asistance of the RA Ministry of Trade and Economic Development, the Austrian embassy in Armenia (residence - Moscow) will organize a meeting of representatives of
GAVAR, DECEMBER 4, NOYAN TAPAN. The ceremony of delivering for operation the repaired 12.5-km Gavar-Gegharkunik intercommunity road took place on December 2. The asphalt laying work was started in May and done
YEREVAN, DECEMBER 4, NOYAN TAPAN. The European Bank for Reconstruction and Development (EBRD) will provide a 5 million dollar-loan to Inecobank for financing Armenian Small and Medium Entrepreneurship (SME).
YEREVAN, DECEMBER 4, NOYAN TAPAN. A 3.8% inflation was registered in the Armenian food commodity market in November 2006 on December 2005, and a 7.8% inflation in November 2006 on November 2005.
YEREVAN, DECEMBER 4, NOYAN TAPAN. In November 2006, a 0.9% price fall was registerted in the Armenian non-food commodity market, which was mainly conditioned by a 7.3% and 3.8% fall in the
YEREVAN, DECEMBER 4, NOYAN TAPAN. A 7.3% and 3.8% fall in price for petrol and diesel fuel, respectively, was registered in 2006 November in Armenia. According to
YEREVAN, DECEMBER 4, NOYAN TAPAN. The tariffs for services rendered to population increased by 0.6% in 2006 November as compared with October in Armenia, which is mainly conditioned by a 2.2% growth
YEREVAN, DECEMBER 4, NOYAN TAPAN. A 3.5% growth of consumer prices was registered in Armenia in November 2006 on December 2005. During the indicated period, the settlement exchange rate of the Armenian
YEREVAN, DECEMBER 4, NOYAN TAPAN. The consumer price index made 103.5% in Armenia in November 2006 on December 2005, including the index of consumer prices of food commodities (including alcoholic drinks and
YEREVAN, DECEMBER 1, NOYAN TAPAN. At the November 30 sitting, the Armenian government approved the master plans of the following city communities: Tavush marz - Ijevan, Berd, Noyemberian and Dilijan city communities,
YEREVAN, DECEMBER 1, NOYAN TAPAN. At the November 30 sitting, the Armenian government approved the draft law on making an addition and amendment to the RA Law on Management of Apartment Buildings,
YEREVAN, DECEMBER 1, NOYAN TAPAN. Start-up Armenian entrepreneurs in marzes receive financial assistance for the first time in the framework of the Small and Medium Entrepreneurship State Support Annual Program. Ishkhan Karapetian, Director
YEREVAN, DECEMBER 1, NOYAN TAPAN. The Yerevan Brandy Company's new website www.ybc.am started to function on December 1. The site provides detailed information about the company's history, its production and sales in
YEREVAN, NOVEMBER 30, NOYAN TAPAN. The RA State Property Management Department and Haypost Trust Management CJSC (Netherlands) on November 30 signed an agreement on passing Haypost to the Dutch company for management
YEREVAN, NOVEMBER 30, NOYAN TAPAN. At the November 30 sitting, the Armenian government made a decision to approve the order of receiving information necessary for determining the usual price of a commodity.
YEREVAN, NOVEMBER 30, NOYAN TAPAN. At the November 30 sitting, the Armenian government made a decision to approve the priority measures of the reforms aimed at liberalization of transportation by air transport
YEREVAN, NOVEMBER 30, NOYAN TAPAN. The pilot program on tourism promotion, which was initiatied by Dilijan's mayor office and the local tourism association with the assistance of the USAID Competitive Armenian Private
YEREVAN, NOVEMBER 30, NOYAN TAPAN. Starting from 2004 the Fund Small and Medium Entrepreneurship Development National Centre of Armenia (The SME DNC of Armenia) implements Start-up Business Support Programs in the framework
YEREVAN, NOVEMBER 30, NOYAN TAPAN. Three members of the NA United Labor Party (ULP) faction abstained from voting on the 2007 draft state budget on November 29 not because of not
YEREVAN, NOVEMBER 29, NOYAN TAPAN. During the November 29 meeting of the Armenian President Robert Kocharian and the Iranian Minister of Agriculture Mohammad Reza Eskandar, the sides appreciated the current level of
YEREVAN, NOVEMBER 29, NOYAN TAPAN. The agreement on plant protection and phytosanitary quarantine, the agreement on cooperation in livestock farming, and the mutual understanding memorandum were signed between the Armenian and Iranian governments
YEREVAN, NOVEMBER 29, NOYAN TAPAN. At the special sitting on November 29, the RA National Assembly approved the 2007 state budget of the Republic of Armenia with 77 votes in favor,
YEREVAN, NOVEMBER 29, NOYAN TAPAN. The Asian Developemnt Bank will allocate a 30 million dollar-credit for repairs of rural roads in Armenia. A mutual understanding memorandum on this was signed between the
YEREVAN, NOVEMBER 29, NOYAN TAPAN. The RA State Property Management Department and the Dutch company Haypost Trust OJSC on November 30 will sign an agreement on passing Haypost to Haypost Trust for
YEREVAN, NOVEMBER 29, NOYAN TAPAN. The electricity tariff will not change because of the appreciation of the Armenian dram and will remain the same - 25 drams (0.6 USD) for 1
YEREVAN, NOVEMBER 29, NOYAN TAPAN. For the republic population the natural gas tariff will decrease 6 drams for 1 cubic metre and make 84 drams (0.22 U.S. dollars) from January 1,
YEREVAN, NOVEMBER 28, NOYAN TAPAN. At the November 28 special sitting, the RA National Assembly ratified the Agreement on Financing of the Third Program of the Social Investment Fund signed between the
YEREVAN, NOVEMBER 28, NOYAN TAPAN. At the November 28 special sitting, the RA National Assembly passed fully in second reading the government's draft law that envisages amendments in the RA Law on
YEREVAN, NOVEMBER 28, NOYAN TAPAN. At the November 28 special sitting, the RA National Assembly passed 24 draft laws and legislative packages discussed yesterday. The NA passed in first reading the draft
YEREVAN, NOVEMBER 28, NOYAN TAPAN. During the November 28 meeting of the Armenian Prime Minister Andranik Margarian and the Iranian Minister of Agriculture Mohammad Reza Eskandari, the sides spoke about the extension
YEREVAN, NOVEMBER 27, NOYAN TAPAN. The draft of the new law on the Control Chamber and a package of amendments and additions to 8 laws based on this draft were discussed
YEREVAN, NOVEMBER 27, NOYAN TAPAN. No airline registered in the Republic of Armenia and operating a plane has been included in the so-called "black lists" of the airleines published by the European
YEREVAN, NOVEMBER 27, NOYAN TAPAN. At the special session on November 27, the RA National Assembly passed 21 draft laws and legislative packages discussed on the last day of the previous four-day
YEREVAN, NOVEMBER 24, NOYAN TAPAN. During the first 10 months of 2006, production of 180.8 bln drams (about 37.6 mln USD) was manufactured in Armenia's mining industry, which exceeds by 5% the
YEREVAN, NOVEMBER 24, NOYAN TAPAN. The consignments of diamonds for January-October 2006, which were envisaged by the intergovernmental agreement signed between Russia and Armenia in 2001, have not been imported into Armenia.
YEREVAN, NOVEMBER 24, NOYAN TAPAN. After the third monitoring of Armenia's economic indices under the 3-year Poverty Reduction and Growth Facility Program, the IMF Executive Board made a decision to provide a
YEREVAN, NOVEMBER 24, NOYAN TAPAN. The production decline in Armenia's diamond cutting and jewelry making sector is continuing. The Head of the Diamond Cutting and Jewelry Making Department of the RA Ministry
YEREVAN, NOVEMBER 24, NOYAN TAPAN. The Information Technologies Month held in Armenia from September 15 to October 15 2006 was a success, with such leaders of the IT sector as Microsoft, Sun
YEREVAN, NOVEMBER 24, NOYAN TAPAN. Armenia has ratified only 7 out of the 26 UN conventions on motor transport, while Georgia and Azerbaijan - 12 and 13 conventions respectively. Martin Marmin, Secretary-General
YEREVAN, NOVEMBER 24, NOYAN TAPAN. The RA Public Services Regulatory Commission postponed the issue of reviewing the tariffs of ArmenTel company's services for 3 months. By the decision made at the November
YEREVAN, NOVEMBER 23, NOYAN TAPAN. On the intiative of the Armenian Tourism Development Agency (ATDA), Armenian tour operators will participate in the international tourism exhibition to be held in 2007 in Madrid,
YEREVAN, NOVEMBER 23, NOYAN TAPAN. In order to ensure the normal functioning of Prometey-Khimprom CJSC for the purpose of relaunching and developing the Vanadzor Chemical Complex, the Armenian government at the November
YEREVAN, NOVEMBER 23, NOYAN TAPAN. "Armenia's budget is in a humiliated state compared with the budgets of other newly independent states," Chairman of the RA National Assembly Standing Committee of Financial, Credit,
YEREVAN, NOVEMBER 23, NOYAN TAPAN. The RA Constitutional Court on January 23, 2007, will examine verbally the case accepted for examination based on the application of 30 deputies on the initiative of
PARIS, NOVEMBER 22, NOYAN TAPAN. An Armenian-French economic conference with the participation of the Armenian governmental delegation headed by the RA Minister of Trade and Economic Development Karen Chshmaritian was held at
YEREVAN, NOVEMBER 22, NOYAN TAPAN. Along with the appreciation of the Armenian dram, the degree of the economy's dollarization is declining. The Deputy Chairman of the Central Bank of Armenia (CBA) Artur
YEREVAN, NOVEMBER 22, NOYAN TAPAN. During the Armenian-French economic forum held in Paris on November 21, the French side expressed an intention to cooperate with the RA Ministry of Trade and Economic
KAPAN, NOVEMBER 22, NOYAN TAPAN. The first 20-km section of the 92-km alternative Kapan-Meghri Road was delivered for operation on November 21. It was envisaged to deliver it for operation on December
YEREVAN, NOVEMBER 22, NOYAN TAPAN. The tourism development opportunities are increasing in Armenia year by year thanks to the policy conducted by the state. The RA Deputy Minister of Trade and Economic
YEREVAN, NOVEMBER 22, NOYAN TAPAN. The commercials advertizing Armenia as a tourism country, which have been shown on CNN since September 2006, have made a great impression on viewers. The RA Deputy
YEREVAN, NOVEMBER 22, NOYAN TAPAN. The average annual growth of tourists visiting Armenia in recent years has made 25%. The RA Deputy Minister of Trade and Economic Development Ara Petrosian said during
YEREVAN, NOVEMBER 21, NOYAN TAPAN. The appreciation of the national currency at such a high rate in Armenia will have negative consequences, particularly for investors. Former finance minister of Armenia Levon Barkhudarian
YEREVAN, NOVEMBER 21, NOYAN TAPAN. It will be the 13th anniversary of putting the Armenian dram in circulation on November 23. This day is officially marked as Day of Bank Employee. Former
YEREVAN, NOVEMBER 21, NOYAN TAPAN. RA government has worked out a large-scale program of measures, the implementation of which will contribute to reduction of shady economy in the country. As Chairman of
YEREVAN, NOVEMBER 21, NOYAN TAPAN. In the first ten months of 2006, production of only 29.334 million drams (about 77 thousand USD) was manufactured in some branches of the Armenian industry, which
YEREVAN, NOVEMBER 20, NOYAN TAPAN - ARMENIANS TODAY. The Armenian President Robert Kocharian on November 20 met with about 20 Armenian businessmen who live in Russia. The Co-chairman of the Armenian-Russian Intergovernmental Commission,
YEREVAN, NOVEMBER 20, NOYAN TAPAN. The Armenian delegation will not participate in the 28th session of the Parliamentary Assembly of the Black Sea Economic Cooperation Organization (BSEC) in Baku on November 22-23.
YEREVAN, NOVEMBER 20, NOYAN TAPAN. In January-October 2006, Armenia's GDP made 2 trillion 31 billion drams (about 5.42 bln USD), exceeding by 13% the respective index of last year. According to the
YEREVAN, NOVEMBER 20, NOYAN TAPAN. A number of documents on urban development have been worked out by the Program on Yerevan's Master Plan Measures. The Chief Architect of Yerevan Samvel Danielian said
YEREVAN, NOVEMBER 20, NOYAN TAPAN. The airline Armavia on November 19 resumed the operation of regular Yerevan-Tehran-Yerevan flights. NT correspondent was informed from the company's office that henceforth flights in this direction will
YEREVAN, NOVEMBER 20, NOYAN TAPAN. Starting November 29, the German company Lufthansa will increase the number of Munich-Yerevan-Munich flights to four a week. The company currently operates two flights to Yerevan a
YEREVAN, NOVEMBER 20, NOYAN TAPAN. The court of 1st instance of Yerevan's Kentron and Nork-Marash communituies (chaired by Judge Pargev Ohianian) on November 17 granted the petition of the Royal Armenia LLC's
YEREVAN, NOVEMBER 15, NOYAN TAPAN. The RA National Assembly on November 15 completed the 1st stage of discussion of the 2007 draft state budget. In his summarizing speech, the RA Minister of
YEREVAN, NOVEMBER 15, NOYAN TAPAN. The RA National Assembly on November 15 completed the 1st stage of discussing the 2007 draft state budget, interrupting the dicsussion for at least 4 days. In
YEREVAN, NOVEMBER 15, NOYAN TAPAN. Fifteen Armenian companies engaged in food industry, including Ashtarak Kat, Marianna, Sis Natural, will also take part on the Inter Food Georgia-2006 international exhibition to be held
YEREVAN, NOVEMBER 15, NOYAN TAPAN. The RA National Assembly on November 15 adopted 14 previously discussed draft laws and legislative packages. The legislative package on alienation of property for public and state
YEREVAN, NOVEMBER 14, NOYAN TAPAN. The RA National Assembly continued the discussion of the 2007 draft state budget at the plenary sitting on November 14. In all likelihood, the 1st stage of
YEREVAN, NOVEMBER 14, NOYAN TAPAN. A cheese plant opened near the village of Kirants (Tavush marz) on November 11 on the initiative of Heifer International (France). It has the capacity of processing
YEREVAN, NOVEMBER 14, NOYAN TAPAN. The RA Public Services Regulatory Commission on November 14 gave consent for the transaction of selling 90% of ArmenTel's shares representing property of Greek company OTE to
YEREVAN, NOVEMBER 13, NOYAN TAPAN. At the plenary sitting on November 13, the RA National Assembly started discussing the 2007 draft state budget, which was discussed at the sittings of the NA
YEREVAN, NOVEMBER 10, NOYAN TAPAN. The Armenian economy became more competitive in 2005 compared with the first years of the country's independence, Azerbaijan's economy fell into dependence on the oil extraction, while
BUSAN, NOVEMBER 10, NOYAN TAPAN. Armenia and 17 other countries, including Azerbaijan, Iran, Turkey and Russia signed an agreement in the city of Busan (South Korea), by which they envisage to create
YEREVAN, NOVEMBER 10, NOYAN TAPAN. Eurasia Foundation's Corporate Social Investment Program was launched on November 10 with holding a round table with the participation of representatives of over a hundred of businessmen,
YEREVAN, NOVEMBER 10, NOYAN TAPAN. On November 10 the RA National Assembly passed in second reading the draft law on property alienation for public and state needs, in which 14 proposals of
YEREVAN, NOVEMBER 10, NOYAN TAPAN. According to a study of 30 economic entities conducted by Ameria consulting company, they direct up to 1% of their annual incomes to the social investment (SI)
YEREVAN, NOVEMBER 9, NOYAN TAPAN. "We have long waited for such invetsments in Tsakhkadzor to enhance the opportunities of constructing a skiing complex," the RA President Robert Kocharian said during the November
YEREVAN, NOVEMBER 9, NOYAN TAPAN. The Board of Directors of the Millennium Challenge Corporation approved Armenia as a country eligible for assistance in 2007, taking the annual performance into account. Thomas Adams,
YEREVAN, NOVEMBER 9, NOYAN TAPAN. At the November 7 sitting, the Armenian government made a decision to give up its preferential right to acquire 90% of 169,539,381 shares of ArmenTel CJSC of
YEREVAN, NOVEMBER 9, NOYAN TAPAN. At the November 9 sitting, the Armenian government made a decision on organizing the distribution of nitrogenius fertilizer at affordable prices among land users. According to the
YEREVAN, NOVEMBER 9, NOYAN TAPAN. At the November 9 sitting, the Armenian government approved the concept of unified tax on real estate. According to the RA Government Information and PR Department, the
YEREVAN, NOVEMBER 9, NOYAN TAPAN. At the November 9 sitting, the Armenian government approved the draft law on making amendments and additions to the RA Law on Provision (Concession) of the Earth's
YEREVAN, NOVEMBER 9, NOYAN TAPAN. On the initiative of the Armenian government, the RA National Assembly on November 9 convened a special session to discuss and vote on about 70 draft laws.
YEREVAN, NOVEMBER 9, NOYAN TAPAN. Foreign investments should be not a purpose in itself for Armenia but a means of developing the country's economy. Economist Eduard Aghajanov expressed this opinion during a
YEREVAN, NOVEMBER 9, NOYAN TAPAN. Chir company has exported 17 tons of dried fruit and vegetables this year and plans to increase exports to 20 tons in 2007. Tigran Tsaturian, director of
YEREVAN, NOVEMBER 9, NOYAN TAPAN. This year MAP company (Armavir) purchased 7 thousand tons of grapes from farms against 5 thousand tons in 2005. Since early 2006, the company has produced 2
YEREVAN, NOVEMBER 8, NOYAN TAPAN. The results of the budgetary discussions in the RA National Assembly standing committees were summarized at the extended sitting of the Standing Committee of Financial, Credit, Budget
YEREVAN, NOVEMBER 8, NOYAN TAPAN. A 9% growth of Armenia's GDP is programmed in 2007, the RA Deputy Minister of Finance and Economy Pavel Safarian said during the discussion of the
YEREVAN, NOVEMBER 8, NOYAN TAPAN. The Armenian government is prepared to sell its stake of ArmenTel to the new purchaser of the company. The RA Minister of Transport and Communication Andranik Manukian
YEREVAN, NOVEMBER 8, NOYAN TAPAN. The 2007 draft state budget of the RA envisages allocating 21.558 bln drams to the ministry of transport and communication. The RA Minister of Transport and Communication
YEREVAN, NOVEMBER 8, NOYAN TAPAN. By the November 8 decision of the RA State Commission on Protection of Economic Competition, out of the 7 Armenian gasoline importing companies, Flash and City Petrol
YEREVAN, NOVEMBER 8, NOYAN TAPAN. ArmRusgazprom company has submitted a bid for increasing the gas tariffs for producers to the RA Public Services Regulatory Commission. The commission chairman Robert Nazarian stated at
YEREVAN, NOVEMBER 8, NOYAN TAPAN. At the November 8 sitting, the RA State Commission on Protection of Economic Competition made a decision to fine several economic entities in the amount of 100
YEREVAN, NOVEMBER 8, NOYAN TAPAN. Taking into consideration the process of sale of 90% of ArmenTel's shares and the fact that the future buyer is already known, the Public Services Regulatory Commission
KAPAN, NOVEMBER 8, NOYAN TAPAN. As of October 1, the Kapan-Test CJSC of the RA Ministry of Trade and Economic Development gave 502 certificates to companies importing goods. Domestic electrical engineering, oil-products,
YEREVAN, NOVEMBER 8, NOYAN TAPAN. The Yerevan Brandy Factory fixed in Armenia the greatest volumes of production, sale and export of brandy, correspondingly, 4 mln 604 thousand litres, 49.9% and 46.4% in
YEREVAN, NOVEMBER 8, NOYAN TAPAN. 54% of pasta production is brought to Armenia from Russia, 32% from Italy, the rest from Ukraine, Turkey and other countries. It was mentioned at the November
YEREVAN, NOVEMBER 8, NOYAN TAPAN. According to the State Register Agency of Legal Entities and Private Businesmen of the RA Ministry of Justice, since early 2006, 2,228 legal entities and 5,816 private
YEREVAN, NOVEMBER 8, NOYAN TAPAN. During the November 7 joint sitting of the RA National Assembly Standing Committee of Foreign Relations and the RA NA Standing Committee of Finance, Credit, Budgetary and
YEREVAN, NOVEMBER 8, NOYAN TAPAN. At the November 8 sitting, the RA State Commission on Protection of Economic Competition recognized the Salex Group company as one having prevailing position in the "icing
YEREVAN, NOVEMBER 8, NOYAN TAPAN. Commenting on the sale of ArmenTel to the Russian company Vympelcom, the newspaper "Kommersant" (Moscow) wrote that Vymplecom won the tender despite the fact that its main
YEREVAN, NOVEMBER 7, NOYAN TAPAN. At the end of 2007, the state foreign debt of the RA will make 1 bln 368.8 mln USD instead of 1.261 bln USD at the
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The owner of 30% of VTB Bank Armenia shares Mikhail Baghdasarov expressed his disagreement regarding the policy conducted by VTB Bank (Russia), the shareholder of the remaining
YEREVAN, NOVEMBER 7, NOYAN TAPAN. Work on technical, personnel and other improvement is underway at the airline Armavia after the crash of A-320 plane on May 3 near Sochi. Armavia's owner Mikhail
YEREVAN, NOVEMBER 7, NOYAN TAPAN. By the 2007 draft state budget of the RA, expenditures on culture, information and sports were increased by 10.7%, which makes 1.3 bln drams (about 3.4 mln
YEREVAN, NOVEMBER 7, NOYAN TAPAN. Russian businessmen are interested in making investments in Armenia, Chairman of JCA company and the Association of Armenian Jewellers Gagik Abrahamian stated. According
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The 2007 draft state budget envisages allocations of 5.712 bln drams for science against 5.193 bln drams this year, that is, the growth in science financing makes
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The diamond cutting, jewelry making and light industry - sectors that work, using mainly the raw materials of customers, have suffered most from the appreciation of the
YEREVAN, NOVEMBER 7, NOYAN TAPAN. By the 2007 draft state budget of the RA, the sum envisaged for expenditures on education exceeds by 12.5% the allocations of the previous year. The RA
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The Greek company OTE did not apply officially to the Armenian government on the issue of sale of 90% of ArmenTel shares belonging to it. The
YEREVAN, NOVEMBER 7, NOYAN TAPAN. Sil Concern on November 7 delivered for operation the first building of the "Rossia" Trade and Cultural Center. The center has trade halls and a cafe.
YEREVAN, NOVEMBER 7, NOYAN TAPAN. The main problem of Armenian hotels is a lack of qualified staff due to an unsatisfactory training at higher educational institutions. Hakob Hakobian, Chairman of the Union
YEREVAN, NOVEMBER 6, NOYAN TAPAN. Discussions of the 2007 draft state budget of the RA continued in the RA National Assembly on November 6. According to the RA National Assembly PR Department,
YEREVAN, NOVEMBER 6, NOYAN TAPAN. The Armenian government will give consent for the deal on selling 90% of ArmenTel shares owned by the Greek company OTE to the Russian company Vympelcom. The
YEREVAN, NOVEMBER 6, NOYAN TAPAN. The amount of allocations envisaged by the 2007 draft state budget of the RA for the sphere of defence is sufficient to keep the fighting efficiency of
YEREVAN, NOVEMBER 6, NOYAN TAPAN. Yerevan Mayor's office implemented by 100% the programs envisaged for the first nine months of this year. Deputy Mayor of Yerevan Vano Vardanian stated during the November
YEREVAN, NOVEMBER 6, NOYAN TAPAN. Official opening ceremony of 7th exhibition of Iranian production organized by Iran-Armenia Chamber of Commerce took place on November 4 in Yerevan. Twenty-two Iranian companies take part
YEREVAN, NOVEMBER 6, NOYAN TAPAN. On the instructions of Yerevan Mayor, preparation for winter is underway in all the communities of the city. Deputy Mayor of Yerevan Vano Vardanian stated at the
YEREVAN, NOVEMBER 6, NOYAN TAPAN. The total amount of revenues received by ArmenTel company for services provided to Armenia's polulation, institutions and organizations in January-September 2006 made 90,103.81 mln drams (about 234
YEREVAN, NOVEMBER 6, NOYAN TAPAN. Armenia's budgetary expenditures made 315 bln 576.4 mln drams (over 733.8 mln USD) in January-September 2006, growing by 20.9% on the same period of last year. The
YEREVAN, NOVEMBR 6, NOYAN TAPAN. In January-September 2006, the extraction of metal ores made 80 bln 481.3 mln drams (over 187 mln USD) in Armenia, or by 2.3% more than in
YEREVAN, NOVEMBER 6, NOYAN TAPAN. In January-September 2006, Armenia's chemical industry enterprises manufactured production of 10 bln 735.6 mln drams (about 25 mln USD), or by 15.9% less than in the same
YEREVAN, NOVEMBER 4, NOYAN TAPAN. The Interstate Bank has implemented tens of projects in Armenia by providing credits of a total of 110 mln dollars. Tigran Sargsian, Chairman of the Central Bank
YEREVAN, NOVEMBER 4, NOYAN TAPAN. It is likely that Armenia will join the Eurasian Development Bank (EDP), Chairman of the Central Bank of Armenia (CBA) Tigran Sargsian stated this on November 3.
YEREVAN, NOVEMBER 4, NOYAN TAPAN. Issues related to inflation control in Armenia and Russia, the appreciation of the Armenian dram and the Russian ruble, response of the real sector, particularly exporters to
YEREVAN, NOVEMBER 4, NOYAN TAPAN. By the 2007 draft state budget, the total amount of financial equalization subsidies to be provided to Armenia's communities will make 17.98 bln drams, which exceeds by
YEREVAN, NOVEMBER 3, NOYAN TAPAN. According to the website panorama.am, ArmenTel company has been sold to the Russian company Vympelcom. The website informs its visitors that Vympelcom was the first Russian company
YEREVAN, NOVEMBER 3, NOYAN TAPAN. "Remittances from Russia to Armenia are mainly those of natural persons, i.e remittances sent by numerous Armenians working in Russia. As regards money laundering, the Central Banks
YEREVAN, NOVEMBER 3, NOYAN TAPAN. By the 2007 draft state budget, the expenditures on maintenance of the state governance machinery will make 40.5 bln drams, which exceeds the 2006 financing by 5.2
YEREVAN, NOVEMBER 3, NOYAN TAPAN. The sixth international exhibition "Armprodexpo" with the participation of over 60 local food enterprises finished its work in Yerevan on November 3. At the closing ceremony,
YEREVAN, NOVEMBER 3, NOYAN TAPAN. The 14th session of the European Conference of Ministers Responsible for Regional Planning (CEMAT) of the Council of Europe member states took place in Lisbon (Portugal) in
YEREVAN, NOVEMBER 3, NOYAN TAPAN. The Central Bank of Armenia (CBA) Board has left the CBA refinancing interest rate unchanged - 4.75%. NT was informed from
YEREVAN, NOVEMBER 3, NOYAN TAPAN. Opportunities of cooperation with the Interstate Bank and the Eurasian Development Bank were discussed at the November 3 meeting of RA President Robert Kocharian with Chairman of
YEREVAN, NOVEMBER 3, NOYAN TAPAN. Repairs of Terian Street in Yerevan will be completed by late 2006. Frunz Basentsian, Head of the Construction, Improvement and Municipal Economy Department of Yerevan Mayor's Office,
YEREVAN, NOVEMBER 3, NOYAN TAPAN. The World Bank has developed "Armenia: Food Security and Agrarian Security" Action Plan. Kix van der Mayer, representative of the WB Agriculture Department, said during the action
YEREVAN, NOVEMBER 3, NOYAN TAPAN. In January-September 2006, the Armenian consumer market made 1 trillion 52 billion 786.8 million drams (over 2 bln 448.1 mln USD), which exceeds by 16.1% the index
YEREVAN, NOVEMBER 2, NOYAN TAPAN. A 2.5% growth in consumer prices was registered in Armenia in October 2006 on December 2005. The settlement exchange rate of the Armenian dram against the US
YEREVAN, NOVEMBER 2, NOYAN TAPAN. At the November 2 sitting, the Armenian government approved the report on privatization process in Armenia in the third quarter of 2006, which was presented by the
YEREVAN, NOVEMBER 2, NOYAN TAPAN. In January-September 2006, the gross agricultural output of Armenian made 370.6 bln drams (about 861.7 mln USD), remaining at the level of the same period of last
YEREVAN, NOVEMBER 2, NOYAN TAPAN. In January-September 2006, construction of 17 bln 51.8 mln drams (about 39.6 mln USD) was carried out in Armenia's earthquake zone at the expense of all sources
YEREVAN, NOVEMBER 2, NOYAN TAPAN. In January-September 2006, construction work of 393 bln 803 mln drams (over 915.7 mln USD) was done in Armenia, including construction of production facilities of a total
YEREVAN, NOVEMBER 2, NOYAN TAPAN. According to the 2007 draft state budget, the programmed revenues make 489.5 billion drams, which exceeds by 12.2% the approved revenues of 2006 and by 8.5% the
YEREVAN, NOVEMBER 2, NOYAN TAPAN. Service tariffs grew by 4.5% in Armenia in October 2006 on December 2005. According to the RA National Statistical Service, the
YEREVAN, NOVEMBER 2, NOYAN TAPAN. A 5.8% and 0.8% decline in the prices of gasoline and diesel fuel respectively was registered in Armenia in October on September 2006.
YEREVAN, NOVEMBER 2, NOYAN TAPAN. A 2% inflation was registered in the Armenian non-food commodity market in October 2006 on December 2005. A 0.4% price fall was registered in October on September
YEREVAN, NOVEMBER 2, NOYAN TAPAN. A 1.7% inflation was registered in the Armenian food commodity market in October 2006 on December 2005, and a 7.3% inflation - in October 2006 on October
YEREVAN, NOVEMBER 2, NOYAN TAPAN . Within the next 10 days, a list of 200 measures developed as a result of 5 consultations of the RA Economic Council (composed of the
YEREVAN, NOVEMBER 2, NOYAN TAPAN. "Although the exchange rate of the Armenian dram against the US dollar has grown from 580 to 380 drams in the last three years, no Armenian
MOSCOW, NOVEMBER 1, NOYAN TAPAN. The Armenian Foreign Minister Vartan Oskanian raised the issue of Kars-Akhalkalak-Tbilisi railway during the 15th meeting of the Council of Foreign Ministers of the Black Sea Economic Cooperation
YEREVAN, NOVEMBER 1, NOYAN TAPAN. It is envisaged to require that citizens make a declaration in case of bringing more than 10 thousand dollars into Armenia. Chairman of the Central Bank of
YEREVAN, NOVEMBER 1, NOYAN TAPAN. By the 2007 draft state budget, the overall administrative expenditures of the Central Bank of Armenia (CBA) make 3.56 billion drams, which exceeds by 6.6% this year's
MOSCOW, NOVEMBER 1, NOYAN TAPAN. The Armenian Foreign Minister Vartan Oskanian took part in the 15th meeting of the Council of Foreign Ministers of the Black Sea Economic Cooperation Organization (BSEC) in
YEREVAN, NOVEMBER 1, NOYAN TAPAN. Depsite the high growth rate of its economy, Armenia is in one of the last places among transitional economes by its taxes/GDP ratio. Chairman of the Central
YEREVAN, NOVEMBER 1, NOYAN TAPAN. The RA government presented the 2007 draft state budget at the joint sitting of the RA National Assembly standing committees on November 1. The revenues of the
YEREVAN, NOVEMBER 1, NOYAN TAPAN. Discussions of the 2007 draft state budget started in the Standing Committees of the RA National Assembly on November 1. This is the 7th annual state budget
YEREVAN, NOVEMBER 1, NOYAN TAPAN. The results of a survey conducted in 14 Armenian ministries (of foreign affairs, education and science, finance and economy, and others), and big universities (the American University
YEREVAN, NOVEMBER 1, NOYAN TAPAN. The consumer price index made 102.5% in Armenia in October 2006 on December of 2005, including the index of food commodity prices (including alcoholic drinks and cigarettes)
YEREVAN, NOVEMBER 1, NOYAN TAPAN. In January-September 2006, idustrial production made 468 bln 10.6 mln drams (about 1 bln 88 mln USD) in Armenia. Production of 477 bln 570.5 mln drams was
YEREVAN, NOVEMBER 1, NOYAN TAPAN. The European Union did not give up its condition that it will invest 100 million euros for increasing Armenia's energy capacities before the closure of the Armenian
YEREVAN, OCTOBER 31, NOYAN TAPAN. In January-August 2006, European Union (EU) countries accounted for 36.9% of Armenia's foreign trade. 50.8% of goods exported from Armenia was exported to EU countries. In the
YEREVAN, OCTOBER 31, NOYAN TAPAN. Armenia may become a transit country for the export of natural gas, but it is not yet clear when this may happen. Chairman of ArmRusgazprom company's board,
YEREVAN, OCTOBER 31, NOYAN TAPAN. Exchange of the best international experience on the open source software (OSS) policy may contribute to the necessity for OSS introduction in Armenia. Larisa Minasyan, Director of
YEREVAN, OCTOBER 31, NOYAN TAPAN. "Five years ago poverty level was rather high in Armenia, 50-55%, but after approving the Poverty Reduction Strategic Program in 2003, the poverty level reached 35%." RA
YEREVAN, OCTOBER 31, NOYAN TAPAN. In the past 5 years, ArmRusgazprom company has invested 83 million USD in the system. The overall revenues of the company made 236 mln USD, its
YEREVAN, OCTOBER 31, NOYAN TAPAN. Issues connected with implementation of the Agreement on Partnership and Cooperation signed between Armenia and European Union, approval and implementation of the Actions Plan worked out within
YEREVAN, OCTOBER 31, NOYAN TAPAN. It is envisaged to complete the reconstruction of the 5th power unit of the Hrazdan Thermal Power Plant (TPP) and the installation of its 140-mw gas-turbine facility
YEREVAN, OCTOBER 31, NOYAN TAPAN. The Russian company Gazprom will increase its authorized capital in ArmRusgazprom (thus increasing its stake to 58%) through additional issue of shares of 118 million dollars. Karen
YEREVAN, OCTOBER 31, NOYAN TAPAN. Soon the ArmRosGazprom company will apply to RA Public Services Regulatory Commission with a bid of raising tariff for natural gas for producers. Karen Karapetian, Chairman
YEREVAN, OCTOBER 31, NOYAN TAPAN. A group of scientists of the Mineral Microbiology Laboratory of the Institute of Microbiology of the National Academy of Sciences (NAS) is developing a new integrated biometallurgical
YEREVAN, OCTOBER 31, NOYAN TAPAN. According to some Russian sources, the Russian company Comstar-United TeleSystems (UTS), whose main shareholder is Systema company, acquires 75%+1 of the Armenian company CallNet's shares and its
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