‘Economics’

  • “Armenian Fruit” to build on Armenia’s export capacity
    At the press conference that followed today’s cabinet sitting, Minister of Agriculture Sergo Karapetyan commented on the Agricultural Capacity Building Program grant facility available from the IFAD which is aimed at boosting fruit-farming activities in the Republic of Armenia. Having a total cost of USD 52mn, the program will be introduced in Vaiots-Dzor, Tavush marzes...
    March 24, 2011 15:20
  • EU supportive of reform program
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan Summing up the outcome of the government delegation’s latest visit to Brussels, the Prime Minister said the most importance result is that all the European structures are prepared to extend all-out support to the Republic of Armenia. To ensure enforcement of the law on licensing,...
    March 18, 2011 15:34
  • Vartan Oskanian – Interview
    Q. Mr. Oskanian, for the government of Armenia today, the main challenge is inflation and control of prices on goods. The government proposes to implement changes in the “Law on Trade and Services”; the goal of which is to control price increases on essential goods. The Prime Minister has admitted that such a practice is not desirable and rarely applied, yet on...
    March 11, 2011 21:45
  • Stabilization of retail prices targeted
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan The meeting took note of the 2010 national report on activities against human trafficking. The government approved a package of draft amendments to the law on trade and services and the code of administrative offences of the Republic of Armenia. The amendments envisage the government’s...
    March 10, 2011 15:06
  • Business environment set to improve
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan The Prime Minister directed the ministers and agency heads to be more active in making public speeches and introducing the State policy to the public-at-large. The Cabinet amended a previous decision stipulating that the purification of precious metals and the production of banking...
    March 3, 2011 14:46
  • Socially-oriented decisions prevail
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan The cabinet backed the procedure to follow in extending treasury loans to citizens for customs clearance purposes for such means of transportation imported under the temporary import regime. To this end, the Ministry of Finance was allocated AMD 300mn to be supplemented if necessary....
    February 24, 2011 15:44
  • Diamond boom in Armenia
    Reports by the State Revenue Committee of Armenia show “diamond boom” in the country. Last year, Armenia’s diamond exports totaled 477,000 carats – a 5.6-fold increase as compared with 2009. The country’s diamond imports totaled 649,000 carats – a 3.2-fold increase compared with 2009. Thus excess of imports over exports shows the country’s jewelry industry...
    February 24, 2011 14:32
  • 14.000 farmers to get free seeds
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan To proceed with the actions envisaged under the Community Farming Resource Management and Competitiveness Facility, the Ministry of Agriculture was allocated USD 450 thousand- equivalent drams to be reimbursed after approval and effectiveness of said credit facility. The program will...
    February 17, 2011 14:11
  • Government to be penalized for default
    A cabinet sitting was held, chaired by Prime Minister Tigran Sargsyan. The government approved the procedure to follow in paying fines and penalties for delays in the refund of overpayments and/or other amounts. A first-ever estimate of penalties due for the period up to January 1, 2011 will be out by May, 1, 2011. Stating that the government is thereby going to apply...
    February 10, 2011 13:33
  • Pension-lines to be ruled out
    A cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Reminding his previous directive concerning the streamlining of the process of pension payment, Prime Minister asked the Minister of Labor and Social Affairs what had been done to that end. Based on the comments of the Minister, the Prime Minister concluded that as from this March the pensioners...
    February 3, 2011 16:03
  • The government should be quick in responding to public concerns
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan Addressing those present, the Prime Minister said that the government should be quick in responding to public concerns. Tigran Sargsyan meant in particular the problems faced during the payment of January pensions concerning which the Ministry of Labor and Social Affairs gave clarifications. The...
    January 27, 2011 16:00
  • Today the Government continued discussing 2010 ministry and agency activity reports.
    First, reports were delivered by the Minister of Territorial Administration, the Head of State Water Committee by the Ministry of Territorial Administration, the Ministers of Emergency Situations, Energy and Natural Resources, Sport and Youth Affairs and Agriculture. The Heads of State agencies spoke on the activities carried out in 2010 specifying the shortfalls recorded...
    January 19, 2011 17:50
  • Armenian citizens to feel the impact of reforms
    This year’s first cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan. Extending Season’s congratulations to the members of government, the Prime Minister wished them efficacious and fruitful work ahead. Tigran Sargsyan congratulated newly appointed Minister of Agriculture Sergo Karapetyan and expressed hope that those challenges facing the sector...
    January 13, 2011 17:07
  • Free Economic Zone: legislation being streamlined
    A cabinet sitting was held today under the chairmanship of Prime Minister Tigran Sargsyan Before proceeding to the agenda, the Prime Minister congratulated newly appointed Ministers Hrayr Tovmasyan and Vache Gabrielyan. Appreciating their human and professional qualities, Tigran Sargsyan touched on their professional background and wished them fruitful work on behalf...
    December 23, 2010 14:57