Economy
03/11/2018 11:432019 state budget intends 11 programs and 41 events for Armenian governmentIn 2018 Armenian PM’s staff is carrying out 30 programs approved by the 2018 state budget. The overall cost is 19 billion 686 million AMD, head of PM’s staff Eduard Aghajanyan said at the 2019 draft budget discussion today.
03/11/2018 11:29Armenian government fails to allocate money for NA building preservation: Head of NA StaffThe head of the NA staff draw the attention of the government on the means necessary for the preservation of the NA building, for carrying out reconstruction works. He stressed that in one case they required 109 million AMD from the government, in another 205 million AMD while no allocations were made.
03/11/2018 10:44Armenia’s president’s staff submits budget application requesting 741 less than previously“We have submitted application 741 million less having planned lesser salaries and additional payments. We also cut 36 million regarding energy services, 10 million regarding transportation materials. We have envisaged 5 million AMD for professional services, and particularly for the training of the staff,” he said.
02/11/2018 18:05Oil falls again as U.S. allows Iran sanctions waiversGlobal markets, including oil, were lifted earlier on Friday by hopes that the trade dispute between the world’s two biggest economies could be resolved soon.
02/11/2018 13:20Program addressed to prolonging activity of ANPP’s 2d energy unit biggest in the system: deputy acting minister“As a result of the program the life of the 2d energy unit will be prolonged for 10 years, until 2026. The production power will increase a bit and instead of annual 2.4 billion we will have 2.8-2.9 billion kWh,” Vardanyan said.
02/11/2018 12:25Favorable Agroleasing conditions at Converse BankConverse Bank started lending within the framework of the “State Assistance Program on Financial Leasing of Agricultural Equipment in the Republic of Armenia”.
02/11/2018 12:18State Revenue Committee to start self-cleaning process: acting chairman“We are going to reduce the number of audits in 2019. While saying control function we will understand additional online work, development of abilities of analytical departments, the number of auditors will be cut,” Ananyan said.
01/11/2018 21:10State debt in 2019 to amount to 152 billion AMD“In 2018 the state debt will amount to over 161 billion AMD, in 2019 152 billion AMD,” Janjughazyan said.
01/11/2018 17:03Oil prices drop as wave of supply meets global economic gloomA Reuters survey on Wednesday showed the Organization of the Petroleum Exporting Countries raised oil production last month to its highest since 2016, led with gains by the United Arab Emirates and Libya.
01/11/2018 13:20Armenia to turn from mine destroying and betting country to a technological production and export country: acting PMNo unhealthy processes are currently taking place in Armenia’s economy, acting Prime Minister Nikol Pashinyan stated at the NA today.
01/11/2018 12:56Violations registered in majority of 150 small hydro power plants: Nikol Pashinyan“Recently we have conducted studies in 150 out of 188 small hydro power plants in Armenia. In 95% cases no water meters were placed there which is a violation of law,” Pashinyan stressed.
31/10/2018 18:05Oil prices rise ahead of U.S. sanctions on IranBenchmark Brent crude oil LCOc1 was up 35 cents at $76.26 a barrel by 1115 GMT. The contract fell 1.8 percent on Tuesday, at one point touching its lowest since Aug. 24 at $75.09.
31/10/2018 17:27Armenia improves its performance in Doing Business 2019 report, ranked 41stSylvie Bossoutrot said that an important indicator to look at is what we used to call in previous report the distance to frontier metric which was renamed in this report the ease of doing business score which she said was done to better reflect the main purpose.
31/10/2018 15:56Armenian NA vice speaker, Russian ambassador discuss domestic political issuesWith the request of the guest, Melkumyan briefed on the procedure of the upcoming parliamentary elections and expressed regret over failure of the amended Electoral Code in the NA, describing it as a “step forward” as compared with the acting Code.
30/10/2018 18:56Armenia has big potential to produce branded products: EU Ambassador (video)EU Ambassador to Armenia Piotr Switalski visited today the province to meet with the farmers and get acquainted with the results of the EU’s assistance.