‘Economics’

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    Rural Capacity Building Program Steering Committee Holds First Sitting
    Rural Capacity Building Program’s steering committee held its first sitting in the office of government, chaired by committee head, Prime Minister Tigran Sargsyan. The program’s 2011 annual budget estimate and the 2011-2012 annual procurements plan have been discussed. Director of the Rural Economic Development PIO public agency Sergey Virabyan gave the details of...
    June 28, 2011 18:08
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    FREDA 2011-2015 Strategic Development Program Endorsed
    The Fund for Rural Economic Development in Armenia (FREDA) board of trustees met at Government, chaired by BOT chairman, Prime Minister Tigran Sargsyan. To begin with, the BOT endorsed the financial statements and summary findings submitted by an arms-length auditor for FREDA activities in 2010. FREDA Director Khanikyan presented a draft strategic development program for...
    June 28, 2011 16:52
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    DigiTech Business Forum Kicks Off
    Prime Minister Tigran Sargsyan attended today the opening ceremony of DigiTech Business and Microsoft Innovation forums. Greeting the attendees, the Prime Minister underscored the importance of the forum as DigiTech provides an opportunity for the government to get in touch with IT sector representatives, discuss and understand the priorities and the problems at hand. “This...
    June 24, 2011 14:36
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    Continued Steps to Improve Business Environment
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. The government decided to delay VAT payments for the goods imported by Ecotomato JSC to the amount of AMD 300mn and above until June 25, 2014. The company is implementing an investment program involving 30 new jobs to the amount of about AMD 2bn with the purpose of building a Dutch technology-based...
    June 23, 2011 12:56
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    Significant Improvement Due in Healthcare Services
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Based on Article 70 of the Constitution of the Republic of Armenia, the Government suggested holding an extraordinary National Assembly sitting on June 21, at 12.00. The meeting endorsed the inventory of ambulances and attending equipment donated to Armenia under an agreement signed earlier between...
    June 17, 2011 12:49
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    RA Prime Minister Tigran Sargsyan: Export promotion is still a primary objective for us
    CNN TV channel aired yesterday evening an interview with Armenian Prime Minister Tigran Sargsyan. We present the complete interview bellow: The first question related to the impact of the world economic crisis on Armenia’s economy and steps undertaken to overcome it. PM- The first problem that we encountered after the contraction was that the contraction was largely...
    June 16, 2011 12:17
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    Drivers without car insurance to be fined in Armenia
    YEREVAN.- Armenian car insurers’ bureau and road police says owners of vehicles having no compulsory car insurance by July 1 will be fined. The details are available on bureau’s website.
    June 15, 2011 17:48
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    CBA head promises inflation rate will fall in Armenia
    YEREVAN. – The head of Armenia’s Central Bank (CBA) Arthur Javadyan said they would do their utmost to keep the inflation lower 5.5% by the year end. He did not rule out possibility of risks connected with rise for food prices in the world marker and weather factors. According to Javadyan, serious decline in prices will be registered in July and August. He noted...
    June 14, 2011 18:26
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    MCA-Armenia SNCO Governing Council Meeting
    MCA-Armenia SNCO governing council met at Government, chaired by council head, Prime Minister Tigran Sargsyan. The council discussed and approved a package of application and attached documents for a 20th disbursement under the program subject to MCC approval. According to the application, MCA-Armenia expects to get USD 29,012,885 million for the third quarter of 2011...
    June 14, 2011 16:46
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    More State-Order Positions in Higher Educational Institutions
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Before proceeding to the agenda, the Prime Minister reminded that 20 days had been left until the closure of the first semester and called cabinet members’ attention on the necessity of drafting public accounts on implementation of priority tasks and programs. After the agenda had been approved,...
    June 10, 2011 16:00
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    Armenia and OFID Sign Loan Agreement
    On a working visit to Vienna for attendance of the World Economic Forum on Europe and Central Asia, Prime Minister Tigran Sargsyan met yesterday with OFID Director-General Suleiman Jazeer Al-Herbish at the headquarters of the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development (OFID). After the meeting, a loan agreement was signed between...
    June 9, 2011 10:15
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    European farmers suffer losses due to outbreak of E. coli
    YEREVAN. – The European farmers suffer million euro losses, many households are on the edge of bankruptcy due to outbreak of deadly E. coli bacteria transmitted to humans through vegetables. The recent disclosure by German doctors that outbreak was caused by bean sprouts somehow eased tension but the panic has not yet disappeared. Weekly turnover of vegetables in the...
    June 6, 2011 13:24
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    Citizens to be spared unnecessary troubling
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Before the meeting had started, the ministers of labor and social protection, energy and natural resources, as well as the minister of justice reported back progress on the assignments issued at the previous sittings and answered the Prime Minister’s questions. To streamline the process of granting...
    June 2, 2011 15:53
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    Telecommunications-Related Agenda Discussed
    Prime Minister Tigran Sargsyan received the heads of communication administrations of the RCC (Regional Commonwealth of Communications). Welcoming the guests to the Office of Government, the Prime Minister stated in part: “It is my pleasure that Yerevan has been chosen as a venue for discussion of professional issues. We are glad to host you in Armenia. I am hopeful...
    June 1, 2011 13:49
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    Tariffs Established for Notary Services
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Invalidating a previous decree on approval of services, the Government approved tariffs for paid notary services in Armenia. The new decision gives a detailed description of eligible services and tariffs. In particular, the wording of “especially difficult transactions” is removed for which...
    May 26, 2011 14:20
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    PM visits ELBAT Armenian-German Company
    Prime Minister Tigran Sargsyan visited today ELBAT Armenian-German battery producing company. The prime minister walked round the labs and workshops of the company getting acquainted with the production process. Calling at the modern technology-strong chemical and electromechanical workshops, the Prime Minister was briefed on the manufacturing and quality control processes. 51%...
    May 24, 2011 19:56
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    Prime Minister Visits Gyumri
    Prime Minister Tigran Sargsyan visited today the newly built Mush 2 district of Gyumri to get a first-hand view of construction activities, as well as to hold a working consultation involving Minister of Urban Development Vardan Vardanyan and other responsible officials. Note that 1 856 apartments are due to be built in the district and commissioned this October. Following...
    May 24, 2011 18:32
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    National Competitiveness Fund Board of Trustees Holds Its 20th Sitting
    National Competitiveness Fund Board of Trustees held its 20th sitting in the Office of Government, chaired by Prime Minister Tigran Sargsyan. After looking at and approving of the protocols of the previous sitting, the Board of Trustees proceeded to the discussion of the agenda. They reviewed the state of affairs in the field of tourism, the status of Tatev Revival project...
    May 21, 2011 12:34
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