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Armenia's Economic Pulse

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  • Re: Armenia's Economic Pulse

    YEREVAN. – Huawei corporation of China signed a memorandum with the Ministry of Transport, Communications and Information Technologies of Armenia.

    After welcoming the participants, the minister discussed with the company representatives cooperation programs, including the project of “a smart city.”

    The memorandum was signed by the deputy head of the Ministry of Transport Boris Demirkhanyan Huawei Technologies deputy Cao Chun.

    https://news.am/eng/news/373126.html
    Hayastan or Bust.

    Comment


    • Re: Armenia's Economic Pulse

      .

      10 million-euro bridge to be built on Georgian-Armenian border

      http://russianconstruction.com/news-...an-border.html

      Construction of a bridge across the Debed River situated at a section in the borderland between Georgia and Armenia will start in 2017 and is scheduled to be completed in 2018, the press office of Georgian Prime Minister announced on Monday, Interfax news agency reports.

      A plot of land allotted to the bridge construction named “Bridge of Friendship” has been inspected by Georgian Prime Minister, Giorgi Kvirikashvili, and Armenian President, Serzh Sargsyan.

      The project is estimated at 10 million euro and will be funded by European Bank for Reconstruction and Development by means of granting a credit to Georgia and Armenia.

      The intergovernmental agreement between two countries over the bridge construction was signed in December 2014.
      Politics is not about the pursuit of morality nor what's right or wrong
      Its about self interest at personal and national level often at odds with the above.
      Great politicians pursue the National interest and small politicians personal interests

      Comment


      • Re: Armenia's Economic Pulse

        .



        .
        Politics is not about the pursuit of morality nor what's right or wrong
        Its about self interest at personal and national level often at odds with the above.
        Great politicians pursue the National interest and small politicians personal interests

        Comment


        • Re: Armenia's Economic Pulse

          Diary Whodunit: Where Did Millions Worth of Missing Polish Cheese Exported to Armenia Wind Up?
          Seda Hergnyan

          16:57, March 4, 2017

          This is a story of millions of dollars’ worth of missing Polish cheese and curds exports to Armenia.

          According to data provided Hetq by Poland’s Central Statistical Service, Poland exported US$16.398 million worth of cheese and curds to Armenia in 2015.

          In contrast, Armenia’s Customs Service claims that that the amount imported that year only amounted to a few thousand dollars - $32,000 worth.

          In fact, according to data published by the Customs Service, Armenia only imported 1.1 million tons of cheese and curds globally, worth just $5 million.

          Why such a large discrepancy? More importantly, where did all that cheese go?

          First, some background.

          2015 and 2016, weren’t the best of years for Armenian cheesemakers. The fall in the international price of powdered milk didn’t help. Cheese producers had a slew of complaints about the business.
          Despite the anecdotal negative news, Armenia’s Customs Service claims that Armenia exported $23.6 million worth of cheese and curds in 2015; 9,100 tons to be exact. That’s 4.8 times more than was exported in 2014 in terms of worth.

          What’s more than curious is that Armenia’s National Statistical Service says that domestic cheese production rose by a mere 1.5% in 2015.

          98% of the cheese and curds that Armenia exports goes to Russia.

          Things got noticeably better for Armenian cheesemakers in 2016. According to figures released by the Eurasian Economic Commission, Armenia exported $13.1 million worth of cheese and curds to Russia last year (5,600 tons). That’s 43.5% less, in terms of worth, than the previous year, and 38% less in terms of volume.



          Data provided by the statistical services of Armenia and Poland regarding 2016 cheese and curds trade volumes also greatly differ.
          A month ago, Poland’s statistical service wrote Hetq that Poland exported $7.5 million worth of cheese and curds to Armenia in the first three quarters of 2016.
          Surprise, surprise – Armenia’s Customs Service claims that only $15,000 of the dairy products entered the country from Poland in the first half of 2016.

          In a response to Hetq as to why the data diverges so, Armenia’s State Revenue Committee suggested that we study, in detail, the methodology used by the two countries.

          “Based on a difference in methodology, it is possible for essential (objective) disparities to appear when comparing data. (In particular, import data is per the place of origin, while export data is per the destination country.) Thus, when comparing data, it is necessary to lift comparable data.” - Armenia’s State Revenue Committee

          Readers will be excused for not making heads or tails of the above.

          To get more clarification as why discrepancies may appear, one only has to Armenia’s National Statistical Service (NSS).
          The NSS states that the reasons may be objective and subjective.

          1- Discrepancy in the methodology. But this can hardly explain the great discrepancies cited above. Furthermore, the NSS, in its explanation, clearly states that all countries use UN approved definitions and to gauge external trade volumes.

          2- The NSS also cited “technical” reasons. For example, there can be differences in registration dates, or, in certain cases, the exporting country’s items never reach its destination. The NSS says that the partner nation may not intentionally register the items exported or imported, whereas the other may register such goods.

          3- Finally, data may be intentionally altered by one or the other trading partner. For example, an importing country may intentionally decrease the volume of goods in order to lessen customs fees. An exporter may undervalue goods sent to later use the difference to increase VAT.

          This third explanation most probably refers to contraband smuggling.

          Which of the above three explanations operated in terms of trade between Poland and Armenia can only be verified by the parties involved.

          If it’s a case of contraband, as Armenian cheesemakers claim, then large amounts of tax were never levied on a vast amount of imported Polish cheese and curds.

          Armenian cheese and curd makers say that just a fraction of the Polish exports cleared customs in Armenia. The remainder, they claim, was then exported to Russia as cheese produced in Armenia.

          This, they say, explains why cheese exports from Armenia to Russia rose so dramatically in the official data from 2015-2016.

          Comment


          • Re: Armenia's Economic Pulse

            .



            .
            Politics is not about the pursuit of morality nor what's right or wrong
            Its about self interest at personal and national level often at odds with the above.
            Great politicians pursue the National interest and small politicians personal interests

            Comment


            • Re: Armenia's Economic Pulse




              We have to know where we are to decide our direction which way to go.

              We have to know the "leadership" that took us where we are so not to make the same mistake again.

              We the people have to wake up not to allow such a leadership ever con us ever again.

              .
              Last edited by londontsi; 03-16-2017, 01:56 AM.
              Politics is not about the pursuit of morality nor what's right or wrong
              Its about self interest at personal and national level often at odds with the above.
              Great politicians pursue the National interest and small politicians personal interests

              Comment


              • Re: Armenia's Economic Pulse

                Tatra truck production to launch in Armenia

                March 18, 2017 - 21:53 AMT
                PanARMENIAN.Netx- AxTatra truckxproduction factory will be built in Armenia’s Kotayk province, according to a memorandum signed between Tatra Trucks andxZenon LLC, a top official from Gazprom Armenia said.
                Andranik Harutyunyanxsaid the deal is the result of an agreement reached between prime minister Karen Karapetyan and Russia-based Armenian business people.
                2000 new jobs will be created by the end of the project.
                PAN’s sources separately confirmed the news.
                Tatra is a Czech manufacturer producing vehicles. Owned by the Tatra Truck company, it is the second oldest company in the world producing cars with an unbroken history, after Peugeot.

                http://www.panarmenian.net/eng/news/235308/
                Hayastan or Bust.

                Comment


                • Re: Armenia's Economic Pulse

                  .



                  .
                  Politics is not about the pursuit of morality nor what's right or wrong
                  Its about self interest at personal and national level often at odds with the above.
                  Great politicians pursue the National interest and small politicians personal interests

                  Comment


                  • Re: Armenia's Economic Pulse

                    Armenia and the European Union initialed the Comprehensive and Enhanced Partnership Agreement today.
                    From the Armenian side the document was signed by Armenia’s chief negotiator, Deputy Foreign Minister Garen Nazaryan and First Deputy Minister of Economic Development and Investments Garegin Melkonyan.
                    Luke Devin, Director of thexEUxDepartment for Russia, Eastern Partnership, the regional cooperation with Central Asia and thexOSCE, and Petros Sourmelis of European Commission’s xDirectorate-General for Tradex signed the document on behalf of the European Union.
                    Armenian Foreign Minister Edward Nalbandian welcomed the visit of the EU officials and noted that the document would open a new page in the relations between Armenia and the EU member states.
                    The Agreement to be signed later this year will reflect the depth, level and volume of relations between Armenia and the European Union, Minister Nalbandian said.
                    He added that “the document is a testament to the importance Armenia attaches to cooperation with the EU.”
                    http://www.armradio.am/en/2017/03/21...hip-agreement/
                    Hayastan or Bust.

                    Comment


                    • Re: Armenia's Economic Pulse

                      Originally posted by Haykakan View Post
                      Armenia and the European Union initialed the Comprehensive and Enhanced Partnership Agreement today.
                      From the Armenian side the document was signed by Armenia’s chief negotiator, Deputy Foreign Minister Garen Nazaryan and First Deputy Minister of Economic Development and Investments Garegin Melkonyan.
                      Luke Devin, Director of thexEUxDepartment for Russia, Eastern Partnership, the regional cooperation with Central Asia and thexOSCE, and Petros Sourmelis of European Commission’s xDirectorate-General for Tradex signed the document on behalf of the European Union.
                      Armenian Foreign Minister Edward Nalbandian welcomed the visit of the EU officials and noted that the document would open a new page in the relations between Armenia and the EU member states.
                      The Agreement to be signed later this year will reflect the depth, level and volume of relations between Armenia and the European Union, Minister Nalbandian said.
                      He added that “the document is a testament to the importance Armenia attaches to cooperation with the EU.”
                      http://www.armradio.am/en/2017/03/21...hip-agreement/
                      How similar is it to the DCFTA we had earlier? What is demanded of the Armenian side and what are the perks? Do we get access to the EU market? That would be so awesome!

                      In other news,

                      https://renewablesnow.com/news/to-th...rmenia-562476/

                      Wish it was the IMF or WB doing the investment instead.

                      Comment

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