‘Economics’

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    Free economic zone to be established nearby Armenia’s international airport
    YEREVAN. – Area of the 2 residential buildings neighboring Armenia’s Zvartnots International Airport will be allocated to Armenia International Airports Company in order to establish a free economic zone. During its session on Thursday, the Armenian government also made changes in its decision adopted in 2007, thereby allocating 0.77 hectares, instead of 0.47, to the...
    September 22, 2011 14:19
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    Armenia’s gas supply to halt temporarily
    YEREVAN. – The natural gas supply to Armenia will temporarily halt as of 11 a.m. on Thursday, the Gas Transport Company of Georgia informed ArmRusGazprom gas company. Linked to renovations at Georgian capital Tbilisi’s bypass motorway, the Georgian company is planning on connecting a new section of the main gas pipeline. In addition, the pipeline’s landslide-affected...
    September 22, 2011 14:04
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    State Commitments To Be Complied With In Full
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. November 1, 2011 was set as a deadline for submission of finalized lists of family members in Gyumri and Akhuryan towns applicable to such earthquake-hit homeless families as may be eligible under the State-supported disaster zone housing program. In this connection, Prime Minister Tigran Sargsyan...
    September 15, 2011 13:57
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    Armenia’s Competitiveness Rating Improved
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. To begin with, congratulating Armenia’s national football team members on their latest brilliant win on behalf of the government, the Premier addressed words of appreciation to the Football Federation of Armenia and its executive head. Tigran Sargsyan said to be enthusiastic about the fact that...
    September 8, 2011 14:45
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    Bureaucratic Functions to Be Reduced by 30 Percents
    Today the regular session of the RA Government was held, chaired by the RA Prime Minister Tigran Sargsyan. The Head of the Government started the session with the following message. “Today is the International Day of Knowledge, and, on the behalf of the RA Government, I want to congratulate all the Armenian families, citizens, and first of all the students. This day...
    September 1, 2011 13:17
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    Drastic Changes In Seed-Breeding Industry
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Understanding that the previous sitting’s assignment concerning the drafting of ministry and agency FY2012 budget requests for Ministry of Finance consideration has been complied with by the latter, Tigran Sargsyan charged the Minister of Finance to draft a schedule of debates with the Prime...
    August 4, 2011 15:33
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    Account Taken of Greens’ Proposals
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. The cabinet approved a program for preservation and maintenance of historical and architectural monuments in Khosrov public forest-reserve providing for the monitoring and restoration of over 300 such monuments available on the site. Prime Minister Tigran Sargsyan noted that the decision comes...
    July 14, 2011 13:00
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    Prime Minister Attends 13th Sitting of Intergovernmental Commission
    The 13th sitting of the Armenian-Russian intergovernmental commission on economic cooperation kicked off today at Rostov-on-Don. The sitting was preceded by a private meeting between the co-chairs, Armenian Prime Minister Tigran Sargsyan and RF Minister of Transport Igor Levitin. In his opening address, Tigran Sargsyan thanked the Russian side for a warm welcome by stating...
    July 8, 2011 16:35
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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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    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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    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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    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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    Agriculture Gets Further Backing
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. The government approved a bill on amendments to the law on value added tax providing a VAT holiday for the sales of agricultural tractors and machinery, as well as spare parts, fertilizers, seeds and pesticides in line with the government’s policy of State assistance to farmers. The bill will...
    May 20, 2011 15:38
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