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    Thread: Armenia's Economic Pulse

    1. #1291
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      Re: Armenia's Economic Pulse

      Exporting is also a key focus in this book. Armenia should not pride itself on things like internal telecommunications or power plant productions unless that company is going to xxxxing build stuff in foreign countries and earn export dollars. We can do it in pharma and agriculture.

    2. #1292
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by HyeSocialist View Post
      Exporting is also a key focus in this book. Armenia should not pride itself on things like internal telecommunications or power plant productions unless that company is going to xxxxing build stuff in foreign countries and earn export dollars. We can do it in pharma and agriculture.
      --- exporting key (in this book) ---
      I understand what you are saying and the agreement you express of this book and the exporting point.
      I don't really agree with that.
      The small farms by ** many ** and the govt funding of such points to the profitability of a less efficient move. It's almost contradictory to standard profit model but is highly beneficial to country as a whole.
      The goal of having something to export fits nicely with big business model and new world order.
      My opine is we and world at large need (really need) to look beyond the model presented by IMF and their ilk.
      Wealth expressed as only money or something to export ignores the well being of the vast citizenry. This phony definition of wealth states that only can success be had if you use the standard IMF/cohorts proscribed model (agenda). I disagree.
      If you play with the devil, chances are your gonna get forked.
      We need to look outside that contrived box.
      I'm not saying we shouldn't export stuff. I'm saying it's possible to export without standard profit model to the great benefit of our citizens and the world citizenry.
      Pursue the benefits and not necessarily the dollars expressed as profit. It's the meritous goal to be pursued, not always monetary profit. The monetary system is rife with fraud and misleading in its pursuit.
      Sorry, but everyone wants to be rich. How sad. Every country wants to be rich. How dumb.
      What is success ? How do you define it ? Like trump, USA, IMF, ?
      Leo Tolstoy... How much land does a man need. I think it's only 12 pages long.
      HARK

    3. #1293
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      Georgia gives nod to the deal on transit of Russian gas to Armenia
      16:23, 11 Jan 2017
      Siranush Ghazanchyan



      The Georgian Government has given nod to a deal with Gazprom on the terms of gas transit to Armenia, Minister of Energy Kakha Kaladze has declared,xGruzia Onlinexreports.
      The Minister said the parties wouldxshift to partial monetization ofxpayments for the transit of Russian gas to Armenia.
      Kaladze noted that “the changes will not increase Georgia’s dependence on Russia.”
      Previously, Russia paid Georgia for gas transportation by supplying natural gas in the amount of 10% of the transported gas volume, but the agreement expired on December 31.
      “As a result of multi-round talks we managed to reach an optimal proposal with the exiting circumstances taken into account,” Kakha Kaladze told reporters after the government sitting. “The government discussed and decided to sign the deal,” he added.
      The Minister said the rates will be among the highest in Europe.
      Last year Georgia transported 2.1 cubic meters of natural gas through its pipeline from Russian to Armenia, of which 0.3 cubic meters stayed in Georgia.
      http://www.armradio.am/en/2017/01/11...as-to-armenia/
      Hayastan or Bust.

    4. #1294
      Registered User armnuke's Avatar
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      Re: Armenia's Economic Pulse

      Media reports say two SAS supermarkets in Yerevan closed

      Today’s reports in the Armenian media say the authorities have ordered the closure of two SAS supermarket in downtown Yerevan- one located on Tumanyan street and the other on Baghramyan Avenue.

      According to the reports, the supermarkets were closed following tax inspections conducted by the State Revenue Committee (SRC).

      ARKA news agency asked SRC for comments. In response the agency said: "In response to your request, we inform that the State Revenue Committee of Armenia carries out its functions within the framework of its powers stipulated by the legislation."

      The chain of SAS supermarkets is owned by Artak Sargsyan, a parliament member from the ruling Republican Party of Armenia. -0-


      19:30 20.01.2017

      http://arka.am/en/news/business/medi...erevan_closed/

    5. #1295
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      Armenia placed 65th in Global Talent Competitiveness Index 2017
      14:19, 23 Jan 2017
      Siranush Ghazanchyan



      Armenia is placed 65th in thexGlobal Talent Competitiveness Index 2017.
      Launched for the first time in 2013, the Global Talent Competitiveness Index (GTCI) is an annual benchmarking report that measures the ability of countries to compete for talent. The report ranks 118 countries according to their ability to grow, attract and retain talent.
      Other countries in the region are placed as follows: Georgia 70th, Turkey – 61st, Azerbaijan 66th, Iran – 103rd.
      Armenia’s partners in the Eurasian Economic Union Russia and Kazakhstan are ranked 56th and 53rd respectively, Kyrgyzstan is 87th, no data is available for Belarus.
      Switzerland tops the ranking followed by Singapore and the united Kingdom.
      The 2017 GTCI study focuses on how technology is affecting talent competitiveness and the nature of work, exploring both significant challenges and opportunities, and important shifts away from traditional working approaches.
      http://www.gtci2017.com/documents/GT...hic_GLOBAL.pdf
      http://www.armradio.am/en/2017/01/23...ss-index-2017/
      Hayastan or Bust.

    6. #1296
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      Re: Armenia's Economic Pulse

      ....The report ranks 118 countries according to their ability to grow, attract and retain talent. ....
      It would have been useful to see the breakdown of those qualities.

      Specifically Armenia and see where emphasis could be put to improve things.

      .
      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

    7. #1297
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      [Next Article][Previous Article][Main Index]

      Armenia may launch own flag carrier flying Russian SSJ 100 jets
      From: Mihran Keheyian <mkeheyian@gmail.com>
      Date: Tue, 24 Jan 2017 12:30:17 +0000

      Armenia may launch own flag carrier flying Russian SSJ 100 jets

      January 24, 2017 - 13:01 AMT
      PanARMENIAN.Netx- Armenia's Minister of Economic Development and InvestmentsxSuren Karayanxand Russia's Minister of Industry and TradexDenis Manturovxhave discussed the issue of establishing a newxair companyxon the basis of SSJ 100 aircraft in Armenia.
      "I'd like to first and foremost discuss the cooperation in the area of agricultural equipment," Karayan said.
      "The second issue concerns the creation of a new company on the basis of SSJ 100 planes. Also, I'd like to weigh in on the establishment of a joint foundation, which would be aimed at import substitution and development of joint export."
      A corresponding task force already formed, measures are currently underway for launching the Armenian flag carrier.
      Armenian and Russian Prime Ministers are meeting in Moscow on January 24-25 and are set to sign a memorandum of understanding between the two ministries.
      http://www.panarmenian.net/eng/news/230733/
      Hayastan or Bust.

    8. #1298
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      EU releases record high assistance to Armenia in 2016


      YEREVAN, January 24. /ARKA/. Last year was a record year in terms of European Union’s financial assistance to Armenia, the head of EU Delegation to Armenia, Ambassador Peter Switalski, said today.

      Speaking at a news conference he said the total amount of financial assistance of the EU released to Armenia in 2016 amounted to 62 million euros. For comparison, in 2014 Armenia received 25 million euros from the European Union. He added that the EU is Armenia's number one donor."

      According to him, the past year was notable also because of intensive political dialogue between Armenia and EU throughout the year, including a visit to Yerevan by Federica Mogherini EU, the EU's high representative for security and foreign policy, in March and an informal ministerial meeting of the Eastern Partnership held in Yerevan. He expressed hope that the cooperation in 2017 will not only continue, but also come to a new level.

      "The EU will continue to provide assistance to Armenia for improving its business environment, xfighting against corruption, protection of human rights and development of the judicial system", Switalski said. -0--
      http://arka.am/en/news/politics/eu_r...menia_in_2016/
      Hayastan or Bust.

    9. #1299
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      Vestnik Kavkaza
      Jan 26 2017




      Armenian-Russian investment fund to be established within months

      Jan 26 - 6:00 pm

      The Armenian-Russian investment fund will be established in the coming
      months, the economic development and investment minister Suren Karayan
      said today, Arka news agency reports.

      It was Armenian Prime Minister Karen Karapetyan who proposed that an
      Armenian-Russian investment fund to be set up with a view to funding
      Armenia’s priority economic sectors.

      According to the Armenian government, the Russian side positively
      assessed the proposal.

      Speaking to local reporters today, Suren Karayan said the main purpose
      of the fund is financing and investment in sectors that will lead to
      growth of trade turnover between the countries, substitution of
      imported goods, development of industrial cooperation and growth of
      exports.

      https://urldefense.proofpoint.com/v2...UTE8CdyrVdI&e=
      Hayastan or Bust.

    10. #1300
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      Another mine being built and this one is in Jermuk...there goes the tourism business there..
      https://www.opendemocracy.net/od-rus...efore-goldrush
      Hayastan or Bust.

    11. #1301
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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.

    12. #1302
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      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

    13. #1303
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      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

    14. #1304
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      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.

    15. #1305
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      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

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