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Armenia's Economic Pulse

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  • Re: Armenia's Economic Pulse

    Federation of Euro-Asian Stock Exchanges relocates HQ office from Turkey to Armenia


    https://armenpress.am/eng/news/89112...o-armenia.html

    .
    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

      Mazel tov! Armenia Aircompany Launches Yerevan-Tel Aviv Flights

      Click image for larger version

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      YEREVAN (Armradio) — The Armenia Aircompany carried the first passengers from Yerevan to Tel Aviv today.

      The maiden flight was preceded by a presentation at Zvartnots Airport.

      Attending the event were Sergey Avetisyan, Chief of the General Department of Civil Aviation of Armenia, Andranik Shkhyan, Deputy General Manager of Armenia International Airports and Robert Oganesyan, CEO of Armenia Aircompany, directors of tourism agencies and others.

      Sergey Avetisyan emphasized the importance of Yerevan-Tel Aviv flights and wished the Air Company safe and effective flights.

      The Yerevan-Tel Aviv flights will be run twice a week on Thursdays and Sundays.

      http://massispost.com/2017/05/armeni...-aviv-flights/
      "Nobody can give you freedom. Nobody can give you equality or justice or anything. If you're a man, you take it." ~Malcolm X

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      • Re: Armenia's Economic Pulse

        YEREVAN, May 17. /ARKA/. The latest economic indicators show that Armenia is moving to the stage of steady economic development, deputy economic development and investment minister Hovhannes Azizyan announced today. Speaking at an Armenian-Belgian economic meeting, the minister attributed it to active work with investors and the improving business environment.x

        "Discussions with business representatives revealed that we have made progress in the customs and tax areas in addition to reformed legislation, which have created better opportunities for business," he said. According to him, in the last quarter of 2016 investments in Armenia totaled $130 million. In general, in 2016, the investment flow increased by 70%, he said.x

        "We do not have data for this year yet, but the monitoring shows that we are going to have the same level growth in the first quarter," Azizyan added.

        According to official data, in the first quarter of 2017, economic growth in Armenia grew by 6.7% from the same period last year.

        "Today’s task is to win new markets for export of our products and earn high profit, and also secure the necessary business environment for investors," the deputy minister stressed.

        The government’s projection of GDP growth for this year is 3.2%. The IMF’s forecast is 2.9%, the World Bank’s is 2.7% and that of EBRD is 2.5%. -0-
        http://arka.am/en/news/economy/armen...minister_says/
        Hayastan or Bust.

        Comment


        • Re: Armenia's Economic Pulse

          YEREVAN, May 19. /ARKA/. At a meeting with president Serzh Sargsyan, Armenia’s acting economic development and investment minister Suren Karayan reported on what has been done to enhance exports and attract fresh investments, the presidential press service reported. It quoted Suren Karayan as saying that his ministry is working to preserve the positive dynamics of economic indicators for the first months of year 2017 and to provide for the future sustainable development.

          According to the acting minister, the ministry has set a goal to bring in the coming five years the share of exports in the GDP structure up to 45%. Karayan informed that towards that end industrial areas which possess export potential and development programs of the enterprises had been studied. The later received the necessary assistance from the government to be able to utilize that potential. There also has been created a list of import substituting goods; if sufficient support is provided, they can compete with the imported goods.


          Karayan reported also on what has been to win new markets and strengthen and expand the positions on the already existing markets. He spoke, in particular, about the promotion of the Armenian goods at the Eurasian Economic Union (EEU) market, their introduction at major trade chains, steps towards the creation of the EEU common market and establishment of joint production chains. The two men were said also to have discussed the measures and prospects for the utilization of Armenia’s export potential in the framework of the European Union’s GSP+ preferential trade system. According to Suren Karayan, work is underway for a wider use of the export toolbox and in case of necessity for the enhancement of its efficiency.

          Karayan informed the president that the program on the improvement of business climate in Armenia for year 2017 has already been drafted. It is expected that after the implementation of the envisaged measures, other things being equal, Armenia’s rating at the World Bank’s Doing Business report will rise from 38 to 26, registering a 12-point improvement. According to Karayan, the aim is to position Armenia in the next 4-5 years among the top 20 countries of that rating.

          The acting minister reported to the president of Armenia also on the process of drafting a new law On Foreign Investments which will provide new guarantees for the protection of investments.

          Suren Karayan spoke also about the programs related to the investment attractiveness and potential presentation of potential investments and particularly of the platform for investment programs which at the moment presents 55 investment projects. He also informed the president on the process of creating investment funds. According to Karayan, the Syunik free trade zone, which has been created to attract investments, will start functioning in 2017 autumn.

          Suren Karayan said also the number of internal tourists will double by the year 2020. The president was said to have issued relevant instructions. -0-

          http://arka.am/en/news/economy/armen...by_12_notches/

          ---

          Finally. 50% is a good target. 75% would be even better. Hopefully these projects include more than just copper and agriculture. I'm talking about exporting IT, Entertainment, and Energy. That's what I'm talking about.

          And if this top 20 thing is accurate, that would mean that Armenia would be on the same level as Iceland. Does this mean that we are going to see the level of corruption in Armenia drop to that of the level of Iceland? If this is true, you bet your a$$ I'll be in Armenia.

          We just need to get rid of corruption. Bribes are bad. Meritocracy good. Cmon. We can do this.

          Comment


          • Re: Armenia's Economic Pulse

            Comment


            • Re: Armenia's Economic Pulse

              If only the our Hayastansis gave half as much a sh*t as our spyurk. Armenia would have outpaced all other Soviet Republicans.

              Comment


              • Re: Armenia's Economic Pulse

                Originally posted by HyeSocialist View Post
                If only the our Hayastansis gave half as much a sh*t as our spyurk. Armenia would have outpaced all other Soviet Republicans.
                You are pitching your criticism too widely making your statement meaningless.

                How about if all diasporans gave half as much shi..t in fighting the Turks we would conquer all of the South Caucuses and more.

                .
                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

                  Originally posted by londontsi View Post
                  You are pitching your criticism too widely making your statement meaningless.

                  How about if all diasporans gave half as much shi..t in fighting the Turks we would conquer all of the South Caucuses and more.

                  .
                  I'm sorry, what point are you making? That the spyurk doesn't care about Armenia? Which spyurk? The hayastani economic refugees?

                  Comment


                  • Re: Armenia's Economic Pulse

                    Originally posted by HyeSocialist View Post
                    I'm sorry, what point are you making? That the spyurk doesn't care about Armenia? Which spyurk? The hayastani economic refugees?


                    I am not making a (new) point only reacting to your statement.

                    Are you really criticizing our boys who spend 2 years of their life in the army with all the risks involved.
                    Are you criticizing all the mothers who live in the constant fear for their sons, many who lose their sons also.
                    Are you criticizing all those people who are doing their best at times with minimal resources developing military hardware.
                    Are you criticizing all those people who are contributing to the economy of the country, there are people who pay tax in Armenia, not everybody is a crook……
                    I could go on forever …..

                    You seem to be impressed by those who are headline makers ( deservedly ) and assuming all spyrkahyes are the same.
                    You are forgetting how widespread is odar marriages.
                    You are forgetting all those who could not be bothered to teach their kids the mother tongue, or history or culture etc etc.

                    .
                    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

                      Originally posted by londontsi View Post
                      I am not making a (new) point only reacting to your statement.

                      Are you really criticizing our boys who spend 2 years of their life in the army with all the risks involved.
                      Are you criticizing all the mothers who live in the constant fear for their sons, many who lose their sons also.
                      Are you criticizing all those people who are doing their best at times with minimal resources developing military hardware.
                      Are you criticizing all those people who are contributing to the economy of the country, there are people who pay tax in Armenia, not everybody is a crook……
                      I could go on forever …..

                      You seem to be impressed by those who are headline makers ( deservedly ) and assuming all spyrkahyes are the same.
                      You are forgetting how widespread is odar marriages.
                      You are forgetting all those who could not be bothered to teach their kids the mother tongue, or history or culture etc etc.

                      .
                      I am criticizing the close to 500,000 people that left the former ASSR on the premise that Armenia was a corrupt, lame place to give a phuck about. These same people are the ones who rarely enroll their kids into Armenian language programs, nor do they particularly value that their kids get education here in the US. They don't even want to go back to Armenia nor do they even want to help financially.

                      Armenians in Armenia, especially the ones outside of Yerevan, are great people. My criticism is directed at the ones that ran away and never ever want to come back. Ever.

                      I am editing this post to insert an apology if I have offended anyone with my overtly passionate statement. I really am saddened by the mass migrations and the lack of effort to build Armenia. I understand that everyone is trying their best, we're all essentially starting from 0, and I do wish everyone much luck and success.
                      Last edited by HyeSocialist; 05-27-2017, 10:09 AM.

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