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    Thread: Armenia's Economic Pulse

    1. #1306
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      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 at 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

    2. #1307
      Registered User Haykakan's Avatar
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      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.

    3. #1308
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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

    4. #1309
      Registered User Haykakan's Avatar
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      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.

    5. #1310
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      Re: Armenia's Economic Pulse

      Quote 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.

    6. #1311
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by HyeSocialist View Post
      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.
      Yeah some positive stuff, This government looks much more professional.
      If someone gets his hands on the new EU document please share.

    7. #1312
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by Zeytun View Post
      Yeah some positive stuff, This government looks much more professional.
      If someone gets his hands on the new EU document please share.

      http://arka.am/en/news/business/arme...vestment_bank/

      More good news!

      This is what Armenia needs to do. Have a foreign ministry that connects the world, with the republic, with the diaspora.

    8. #1313
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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

    9. #1314
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by londontsi View Post
      .



      .
      For those that do not understand Armenian.
      Vedi Water Reservoir construction launched in Armenia


      YEREVAN, March 29. /ARKA/. Serzh Sargsyan, Armenian president, traveled Tuesday to the country’s Ararat province to attend the ceremony of laying a foundation for Vedi Water Reservoir.x

      The officials who were present at the ceremony expressed hope that the beginning of the construction of the first water reservoir since Armenia became independent in 1991 will lay groundwork for development of the sector and that results will be seen three or four years later. x

      Specialists say 29.4 million cubic meters of water can be kept in this reservoir. The reservoir will be filled from Vedi and Khosrov rivers. Two levees are planned to be built here.

      The program implementation is estimated to cost €90 million. The financial resources will come from the French Development Agency with the Armenian government co-financing.

      The water reservoir will ensure irrigation of 7,500 hectares of land in Ararat Valley and will also contribute to restoration of environmental balance in Lake Sevan. xx

      The water reservoir has been designed by France’s ARTELIA EAU & ENVIRONMENT and Belgium’s SHER Ingenieurs-Conseils in cooperation with Jrtuk LLC. The builders of the water reservoir are Armenia’s Sahakyanshin and Iran’s Pega Construction. The construction of the levees and supporting infrastructures was launched in March 2017 and is expected to be completed in March 2021.x

      Sargsyan was informed that some 250 new jobs with an average salary of 220,000 or 250,000 ($455-517) will be created here.

      The foundation-laying ceremony was also attended by Vachge Gabrielyan, minister of international economic integration and reforms, as well as the provincial governor, the head of the Water Committee, the French and Iranian ambassadors, the head of the French Development Agency’s office for the South Caucasus, and other officials. --0-
      http://arka.am/en/news/business/vedi...ed_in_armenia/
      Hayastan or Bust.

    10. #1315
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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

    11. #1316
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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

    12. #1317
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      Re: Armenia's Economic Pulse

      https://www.azatutyun.am/a/28414614.html

      Armenian Government Plans Extra Spending In 2017


      Citing improved tax collection, the Armenian government said on Thursday that it hopes to spend roughly 50 billion drams ($103 million) more than expected this year.


      Prime Minister Karen Karapetian and Finance Minister Vartan Aramian announced those plans at a weekly cabinet session in Yerevan.

      “We can increase our tax revenue [projected for] this year by around 50 billion drams and spend as much on capital projects so that we can target much faster economic growth for 2018,” Aramian said at the meeting.

      “We need more capital spending in this country so that we can ensure faster economic growth,” he told reporters afterwards. He did not specify which concrete projects the additional tax revenue, which totaled 11.5 billion drams in the first quarter of this year, will finance.

      According to government data, economic growth in Armenia slowed to 0.5 percent last year amid a continuing recession in Russia. Karapetian’s cabinet has forecast that it will accelerate to 3.2 percent this year.

      The planned extra spending would be equivalent to about 4 percent of overall expenditures envisaged by Armenia’s 2017 state budget. The government had decided to cut public spending this year in order to curb a widening budget deficit that exceeded 5 percent of Gross Domestic Product in 2016. The 2017 budget also calls for higher tax revenue.

      The State Revenue Committee (SRC) reported on Thursday that it collected 255 billion drams in taxes and customs duties in the first quarter, a year-on-year increase of 10.5 percent. The SRC attributed the increase to a tougher fight against corporate tax evasion and ongoing reforms of tax administration.

      Vartan Harutiunian, the current SRC chief appointed in October, said in December that he plans to remove “corrupt and unhealthy elements” from the SRC. Karapetian, for his part, spoke in February of “fundamental” changes planned within Armenia’s tax and customs services making up the SRC. Corruption among tax and customs officials has long been endemic.

      The prime minister said on Thursday that he expects the new SRC leadership to come up soon with a “plan for the second phase of reforms” of tax administration.

    13. #1318
      Registered User Azad's Avatar
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      Re: Armenia's Economic Pulse

      This is a good equation. Does anyone know about Spayka LLC if it is private Armenian company or some other country's subsidiary?
      It looks a good business model. Having control of the transport than diversify with products for export.

      https://www.armenpress.am/eng/news/8...n-armenia.html

      Checked their website they are vague on the "About Us" part.

      https://www.spayka.am/en/about_us_block/about_us.html

    14. #1319
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by Azad View Post
      This is a good equation. Does anyone know about Spayka LLC if it is private Armenian company or some other country's subsidiary?
      It looks a good business model. Having control of the transport than diversify with products for export.

      https://www.armenpress.am/eng/news/8...n-armenia.html

      Checked their website they are vague on the "About Us" part.

      https://www.spayka.am/en/about_us_block/about_us.html
      Spayka means United in Russian. Quite possibly an Armenian merchant in the food business that expanded into freight forwarding. Possibly wants to be anonymous. Who knows. But the company seems to be behaving like your textbook conglomerate. Kudos for him! Thanks for sharing. Hopefully he becomes a bigger freight forwarder in all of the CIS. It's a good business, and one that I am in.

    15. #1320
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      Re: Armenia's Economic Pulse

      http://arka.am/en/news/business/rush...azdan_cascade/

      ---

      Hopefully, a company that manages utilities properly takes over. One of the draws to investment in Armenia is the low energy costs and abundant renewable energy potential. You can't develop these markets if all you do is pillage the people.

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