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Armenia's Economic Pulse

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  • Siamanto
    started a topic Armenia's Economic Pulse

    Armenia's Economic Pulse

    ECONOMY OF ARMENIA REMAINS "COMPETITIVE ON THE WHOLE"
    By Ara Martirosian

    AZG Armenian Daily
    04/07/2007

    In order to preserve the competitiveness, the Government of Armenia
    should invest additional efforts, according to the Head of IMF
    delegation in Armenia

    After the meeting with the representatives of RA Government, Central
    Bank, International donors and Armenian businessmen, the Head of
    International Monetary Fund (IMF) mission's Armenian group Ms. Marta
    Castello-Branco met with the reporters in Armenia, on July 2.

    Summarizing the recorded indexes of Armenian economy of the first 5
    months of 2007, she stated that the indexes remained "impressive",
    as the growth of GDP exceeded the expectations and the inflation was
    consonant with the purposeful index.

    According to the representative of IMF, Armenia is notable for
    its combination of high economic growth and low inflation in the
    region. Armenia has recorded progress in tax-collecting sphere,
    though there are more opportunities of progress in this sphere.

    Ms. Marta Castello-Branco stressed the importance of preserving the
    high rates of the economic growth and the urgency of further reducing
    of poverty.

    At the same time she expressed concern over the rapid rise of wheat in
    international market, which might have an influence upon the economic
    growth index of Armenia.

    The economic growth index may be influenced also by Central Bank,
    which buys dollar to reduce the rapid shakings of currency value.

    The next possible factor on the economic growth index is that fewer
    expenses are run up in the first half of this year and the increase
    in the expenses of the second half of this year may record surplus
    inflation.

    There are three main issues in the economy of Armenia according to
    IMF representative of Armenia: the amendments in pension system,
    gas subsidization and competition of economy.

    IMF welcomes the new project of the Armenian Government to improve the
    pension system. The pensions are very low in Armenia at present. It's
    necessary to increase the subtractions for the pensions and to raise
    the pensions. It may also influence the inflation index.

    The next issue is the subsidization of gas, as the subsidization time
    of the gas ends by the end of 2008, and after it the gas prices will
    rise rapidly. There is a big threat that the consumer prices will also
    have a rapid rise influenced by the gas prices. IMF representative
    advised the Government to reduce the subsidization gradually. And
    also to subsidize only socially not provided strata.

    The issue of the competition of Armenian economy is connected with
    the valuation of Armenian dram. In spite of a great number of inflows
    of foreign currency, which have a negative influence on some export
    spheres and the households that are dependent on private transfers,
    the IMF records that the economy of Armenia remains "competitive on
    the whole". In order to preserve the competitiveness, the Government
    of Armenia should invest additional efforts to improve the business
    environment and to increase the productivity.


    http://groong.usc.edu/news/msg194911.html

  • HyeSocialist
    replied
    Originally posted by DieHard69 View Post

    Speaking of which I was left astounded at the fact that our government was not xxxxting when we were getting new trains, we should modernize our railways as much as possible and connect it to every major town in Armenia, costly yes, poverty reduction, yes,increased connectivity, also yes, it is also crucial to connect a railway between Artsakh and Armenia, transporting troops and vehicles will be much easier and more convenient economically for our population. But this is the most costly thing our Mod has to do in order to develop better for trade. Some of my class mates from my University can come from as far as the out skirts of Yerevan.
    Armenia is a sovreign country, could print its own money, and direct it straight into infrastructure development. If you time it just right like South Korea did, you can have a worldclass infrastructure.

    Leave a comment:


  • DieHard69
    replied
    Originally posted by HyeSocialist View Post

    I think that that is also important. A little shame at the handling of the situation wouldn't hurt. I see it as an hour long commercial for Armenia, and Parts Unknown has usually been positive. We'll see.
    Speaking of which I was left astounded at the fact that our government was not xxxxting when we were getting new trains, we should modernize our railways as much as possible and connect it to every major town in Armenia, costly yes, poverty reduction, yes,increased connectivity, also yes, it is also crucial to connect a railway between Artsakh and Armenia, transporting troops and vehicles will be much easier and more convenient economically for our population. But this is the most costly thing our Mod has to do in order to develop better for trade. Some of my class mates from my University can come from as far as the out skirts of Yerevan.

    Leave a comment:


  • HyeSocialist
    replied
    Originally posted by DieHard69 View Post

    Don't put your hopes up, he may show the worst parts of Shirak (the poorest province) and just one guy isn't going to increase our tourism.
    I think that that is also important. A little shame at the handling of the situation wouldn't hurt. I see it as an hour long commercial for Armenia, and Parts Unknown has usually been positive. We'll see.

    Leave a comment:


  • DieHard69
    replied
    Originally posted by HyeSocialist View Post
    http://www.armradio.am/en/2017/10/19...parts-unknown/

    Bourdain in Armenia filming an episode? If this is true, this is going to be one big bump for international tourism to Armenia. 25% this year, let's bump tourism up to 3 million next year!!! Fill up the Armenian taverns and hotels and convention centers!!!

    Little Iceland brings in approximately 2.5bln a year from tourism. I believe with our geography and climate, we can make it 5bln! Let's expect Armenia's economy to rise to $15bln very very soon.
    Don't put your hopes up, he may show the worst parts of Shirak (the poorest province) and just one guy isn't going to increase our tourism.

    Leave a comment:


  • HyeSocialist
    replied
    http://www.eurasianet.org/node/85586

    If the defense expenditure increase is for purchasing domestically made weapons, let's expect our economy to get a major boost. Let's start signing some contracts with the Arabs and Russians and get our manufacturing back up!!!

    Leave a comment:


  • HyeSocialist
    replied
    http://www.armradio.am/en/2017/10/19...parts-unknown/

    Bourdain in Armenia filming an episode? If this is true, this is going to be one big bump for international tourism to Armenia. 25% this year, let's bump tourism up to 3 million next year!!! Fill up the Armenian taverns and hotels and convention centers!!!

    Little Iceland brings in approximately 2.5bln a year from tourism. I believe with our geography and climate, we can make it 5bln! Let's expect Armenia's economy to rise to $15bln very very soon.

    Leave a comment:


  • HyeSocialist
    replied
    Originally posted by Serjik View Post
    Bro I agree with you 100%. I write pro russian stuff to fight the forums resident soros activists like hakob hyesocialist and vrej1915. I want armenia part of russias orbit but I want to see more armenian trade with france, germany, china india and iran. But the area armenia is in is very difficult so it can be hard to do things very freely. We need russian trade and protection to survive.


    There really is no need to fight us. A society like ours should be pluralistic and allow all sides to talk. I personally don't think Armenia should be some kind of copy cat / western b*tch like Georgia. I think it'd be xxxxing awesome to have Armenia use its position in the middle of Eurasia to be cool with everyone and not just say, OK WE GIVE UP ON BEING A COUNTRY BECAUSE RUSSIA WANTS US TO.

    Anyway, here is some solid homegrown news

    http://www.panarmenian.net/eng/news/234144/

    Leave a comment:


  • Sukhoi22
    replied


    https://armenpress.am/eng/news/90922...n-armenia.html

    Leave a comment:


  • Sukhoi22
    replied
    new-cinema-fashion-brands-&-many-more-to-be-available-in-syunik



    https://armenpress.am/eng/news/90811...in-syunik.html

    Leave a comment:

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