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Armenia's Economic Pulse

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  • Re: Armenia's Economic Pulse

    http://www.kentron.tv/index.php/am/p...-18-02-16.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

      He talks about real problems but uses very bad examples and analogies which really make me question his sincerity. How can you compare Georgia's economy to Armenia's? We are talking about access to seas and therefore markets vs landlocked, blockaded. He talks about oil prices being higher in Armenia then in Georgia well doh Georgia is a hub for oil and gas of course it is cheaper there then in Armenia! Hell just compare the prices of gasoline in California with those in Michigan, and Michigan with some other state and you will see huge differences in price within the same country let alone international differences which is what this video is discussing. Things like corruption are important to talk about but here again he talks about it as if that does not exist in other countries. The more you realize what this guest is saying the more you wonder about his intentions given the fact that he is a economist and knows about the discrepancies I just mentioned.
      Hayastan or Bust.

      Comment


      • Re: Armenia's Economic Pulse

        Originally posted by Haykakan View Post
        He talks about real problems but uses very bad examples and analogies which really make me question his sincerity. How can you compare Georgia's economy to Armenia's? We are talking about access to seas and therefore markets vs landlocked, blockaded. He talks about oil prices being higher in Armenia then in Georgia well doh Georgia is a hub for oil and gas of course it is cheaper there then in Armenia! Hell just compare the prices of gasoline in California with those in Michigan, and Michigan with some other state and you will see huge differences in price within the same country let alone international differences which is what this video is discussing. Things like corruption are important to talk about but here again he talks about it as if that does not exist in other countries. The more you realize what this guest is saying the more you wonder about his intentions given the fact that he is a economist and knows about the discrepancies I just mentioned.
        What about the official growth figures.
        Petrol import is a monopoly, thats what he was hinting. Loading petrol tankers for export in Georgia ( ex local taxes) and pay at the Armenian customs would not justify the mentioned prices .
        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
          What about the official growth figures.
          Petrol import is a monopoly, thats what he was hinting. Loading petrol tankers for export in Georgia ( ex local taxes) and pay at the Armenian customs would not justify the mentioned prices .
          Yeh I don't doubt any of that. I mean if he wants to talk about that then fine but he makes it sound much worst then it is for no good reason.
          Hayastan or Bust.

          Comment


          • Re: Armenia's Economic Pulse

            5.5% growth in Economic Activity Index in January
            http://armenpress.am/eng/news/836867...n-january.html
            <<եթե զենք էլ չլինի' ես քարերով կկրվեմ>>

            Comment


            • Re: Armenia's Economic Pulse

              Armenia's trade balance keep trending in the right direction. In 2015 we went from about a 3:1 trade deficit in previous years to about a 2:1. Now I don't know enough about economics to understand the larger implications of the causes behind this trend which seems to be mainly fueled by the regional economic downturn, and the sustainability of this trend if the regional economy stabilizes, but on the surface it seems to be a positive thing

              Armenia’s foreign trade in January shrank by 13.8% to about $ 242.4 million

              Armenia’s foreign trade in January shrank by 13.8% to about $ 242.4 million
              YEREVAN, February 22. /ARKA/. Armenia’s foreign trade in January 2016 shrank by 13.8% from the same month of 2015 to about $242.4 million, the National Statistical Service (NSS) said today.

              According to NSS, exports increased by 5.6% to $89.2 million, while imports slashed by 22.2% to about $153.2 million. The resulting negative trade balance in January was $64 million ($ 1 - 495.53 drams). -0-

              http://arka.am/en/news/economy/armen...242_4_million/
              Last edited by Mher; 02-22-2016, 10:54 PM.
              <<եթե զենք էլ չլինի' ես քարերով կկրվեմ>>

              Comment


              • Re: Armenia's Economic Pulse

                VIENNA THE WORLD'S BEST CITY TO LIVE IN; YEREVAN RANKED 182ND

                14:48, 23 Feb 2016
                Siranush Ghazanchyan

                Photo: Getty Images

                Vienna is the world's best city to live in; Baghdad is the worst,
                and London, Paris and New York do not even make it into the top 35,
                according to international research into quality of life.

                German-speaking cities dominate the rankings in the 18th Mercer Quality
                of Life study, with Vienna joined by Zurich, Munich, Dusseldorf and
                Frankfurt in the top seven.

                Paris has tumbled down the league, falling 10 places to 37th, just
                ahead of London at 39th, almost entirely because of the city's
                vulnerability to terrorist attacks.

                US cities perform relatively poorly in the study, largely because of
                issues around personal safety and crime. The highest ranking city in
                the US is San Francisco, at 28th; Boston is 34th. Canadian cities,
                led by Toronto, far outrank their US rivals in the table.

                Armenia's capital Yerevan is ranked 182nd among 230 cities. The list
                includes two Russian cities -Moscow and Saint Petersburg, ranked
                167th and 174th respectively. Georgia's capital Tbilisi is 188th,
                Azerbaijan's Baku is placed 197th. Istanbul (122nd) is the only
                Turkish city included in the ranking.

                The capital cities of Armenia's partners in the Eurasian Economic Union
                are placed as follows: Minsk - 190th, Almaty - 176th, Bishkek - 210th.

                The study examined social and economic conditions, health, education,
                housing and the environment, and is used by big companies to assess
                where they should locate and how much they should pay staff.

                https://urldefense.proofpoint.com/v2...NrGHRiWtBm8&e=

                https://urldefense.proofpoint.com/v2...u3Cpu9hskTw&e=
                Hayastan or Bust.

                Comment


                • Re: Armenia's Economic Pulse

                  Originally posted by Mher View Post
                  Armenia's trade balance keep trending in the right direction. In 2015 we went from about a 3:1 trade deficit in previous years to about a 2:1. Now I don't know enough about economics to understand the larger implications of the causes behind this trend which seems to be mainly fueled by the regional economic downturn, and the sustainability of this trend if the regional economy stabilizes, but on the surface it seems to be a positive thing

                  Armenia’s foreign trade in January shrank by 13.8% to about $ 242.4 million

                  Armenia’s foreign trade in January shrank by 13.8% to about $ 242.4 million
                  YEREVAN, February 22. /ARKA/. Armenia’s foreign trade in January 2016 shrank by 13.8% from the same month of 2015 to about $242.4 million, the National Statistical Service (NSS) said today.

                  According to NSS, exports increased by 5.6% to $89.2 million, while imports slashed by 22.2% to about $153.2 million. The resulting negative trade balance in January was $64 million ($ 1 - 495.53 drams). -0-

                  http://arka.am/en/news/economy/armen...242_4_million/
                  It's possible that cheaper energy prices and less rubles coming into Armenia due remittances dropping could be part of this? An increase in Armenian goods to Russia due to Turkey being out of the picture? Whatever the case, man...Armenia definitely has the capabilities to boost itself to middle income country. Mediating trade between Russia and Iran can alone accomplish that.

                  Comment


                  • Re: Armenia's Economic Pulse

                    Newly-appointed economy minister opposes mandatory funded pension system

                    YEREVAN, February 25. /ARKA/. The newly-appointed economy minister Artsvik Minasyan from the Armenian Revolutionary Federation/Dashnaktsutyun party has reconfirmed today his opposition to the mandatory funded pension system.

                    "I still oppose the mandatory funded pension system. And it is not just my personal opinion, it is the opinion of my party,' he said after a Cabinet meeting today in response to a question from reporters about his stance on the funded pension system.

                    The new pension system took force on January 1, 2014 but was suspended shortly afterwards after being found contradicting to the Constitution. It requires that all Armenian citizens born after 1973 pay social security taxes equivalent to 5 percent of their monthly wages, which will be matched and doubled by the government.

                    Due to a series of protests on January 24, 2014 Armenia’s Constitutional Court suspended Article 76 of the pension law, which provided for penalties for failed or delayed pension tax payments, and the third paragraph of Article 86, which obligated employed citizens to choose a pension fund.

                    On April 2, the Constitutional Court ruled that some provisions of the new pension law were contradicting to the Constitution and voided them instructing the government to make changes. Eventually the government made it mandatory for public sector employees only. The law will become mandatory for private sector too after 2017. -0

                    http://arka.am/en/news/society/newly...ension_system/
                    <<եթե զենք էլ չլինի' ես քարերով կկրվեմ>>

                    Comment


                    • Re: Armenia's Economic Pulse

                      It's ridiculous that we're paying the same price as when gas was almost three times more expensive

                      Russia may cut natural gas price for Armenia by 20 percent

                      YEREVAN, February 25. /ARKA/. Russia may cut the price of natural gas for Armenia by 15-20%, Konstantin Simonov, the head of the National Energy Security Fund of Russia said at a round table dedicated to the Caucasus Eurasian integration process.

                      "This is my personal forecast. Though I believe that the current gas price for Armenia is already cheap. Nevertheless, due to a drop in world gas prices, the difference between the prices at which Russia is providing gas to Armenia and other countries has decreased," he said.

                      Armenian Deputy Minister of Energy and Natural Resources Areg Galstyan, in turn, noted that Armenia is interested in the speedy completion of negotiations on the reduction of Russian gas prices.

                      "The reduction of the gas price for Armenia would become a powerful stimulus for the Armenian economy, including heavy industry, which is important in terms of GDP growth," said Galstyan.

                      In mid-January, Armenia’s authorities asked their Russian counterparts to lower the price for the natural gas imported to Armenia. The sides are said to be continuing the talks on this issue.

                      Russia’s Gazprom that supplies about 80 percent of Armenia’s gas, lowered the tariff from $190 to $165 per thousand cubic meters less than a year ago, however, the move did not translate into corresponding retail price reductions for Armenian households and corporate consumers. In 2015, Armenia imported 1.9 billion cubic meters of Russian gas, by 6.8% less than in 2014. -0-

                      http://arka.am/en/news/economy/russi...by_20_percent/
                      <<եթե զենք էլ չլինի' ես քարերով կկրվեմ>>

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