Armenia's Economic Pulse

[londontsi]

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[Haykakan]

MediaMax, Armenia
July 20 2017






Armenia to create integrated transport system



Photo: Photolure






















Yerevan /Mediamax/. Armenian Government decided at today’s session to create an integrated transport system that will provide all communities with transportation service.

According to Armenian Minister of Transport, Communication and Information Technologies Vahan Martirosyan, creation of the system will facilitate efficient work of passenger transportation and increase of control quality in the sector.

The Government will assess the passenger flows in communities, define the load by hour, prepare corresponding timetables and select transportation means to create the new system.

The project also includes organization of efficient transport service from villages to centers or large towns of the marzes and then to Yerevan.

Minister Martirosyan noted that international companies will also be allowed to take part in tenderings for operation of the routes.
http://www.mediamax.am/en/news/society/24389/

[DieHard69]

MediaMax, Armenia
July 20 2017






Armenia to create integrated transport system



Photo: Photolure






















Yerevan /Mediamax/. Armenian Government decided at today’s session to create an integrated transport system that will provide all communities with transportation service.

According to Armenian Minister of Transport, Communication and Information Technologies Vahan Martirosyan, creation of the system will facilitate efficient work of passenger transportation and increase of control quality in the sector.

The Government will assess the passenger flows in communities, define the load by hour, prepare corresponding timetables and select transportation means to create the new system.

The project also includes organization of efficient transport service from villages to centers or large towns of the marzes and then to Yerevan.

Minister Martirosyan noted that international companies will also be allowed to take part in tenderings for operation of the routes.
http://www.mediamax.am/en/news/society/24389/

I find it insulting seeing how we have more than 100 buses, yet we are not using them because bus drivers are not professionally trained, seriously, let them just invest on the mashrukta drivers with a simple manual to learn how to drive those buses, its not that hard driving a bus if you put in some effort, seriously, what is the point of buying those crappy hyundai county buses, where they could of trained the mashrukta drivers to learn how to drive the Chinese buses.

[HyeSocialist]

I find it insulting seeing how we have more than 100 buses, yet we are not using them because bus drivers are not professionally trained, seriously, let them just invest on the mashrukta drivers with a simple manual to learn how to drive those buses, its not that hard driving a bus if you put in some effort, seriously, what is the point of buying those crappy hyundai county buses, where they could of trained the mashrukta drivers to learn how to drive the Chinese buses.

It really is impressive how in such a small country, such an inept group of people are running the place. I mean you would think that they would hire a few people to at least make the place run properly while they loot the country. But nah, they cant even manage that.

[Haykakan]

Anti-Russia sanctions signal serious losses for Armenia’s economy - opinion

13:58 • 31.07.17

The United States’ recently adopted sanctions against Russia will economically have a serious influence also on Armenia whose imports and exports are largely related that country, according to an economist.

At a news conference on Monday, Vilen Khachatryan noted that 22% of Armenia’s exports go to Russia whose economy is now facing the major challenge. “What we see here is our number one ally facing sanctions. Also, most of Armenia’s imports - which are not limited to Russian goods – come from Russia. That’s an [economic] blow too, as it implies a rise in the prices of products,” he noted.

As another major concern, Khachatryan highlighted the possible losses for the Armenian employment migrants now residing in the country. Noting that layoffs first of all affect foreign nationals, the economist said he expects their return to Armenia to later have also its societal impact.
http://www.tert.am/en/news/2017/07/31/vilen-hakobyan/2445837

[HyeSocialist]

Anti-Russia sanctions signal serious losses for Armenia’s economy - opinion

13:58 • 31.07.17

The United States’ recently adopted sanctions against Russia will economically have a serious influence also on Armenia whose imports and exports are largely related that country, according to an economist.

At a news conference on Monday, Vilen Khachatryan noted that 22% of Armenia’s exports go to Russia whose economy is now facing the major challenge. “What we see here is our number one ally facing sanctions. Also, most of Armenia’s imports - which are not limited to Russian goods – come from Russia. That’s an [economic] blow too, as it implies a rise in the prices of products,” he noted.

As another major concern, Khachatryan highlighted the possible losses for the Armenian employment migrants now residing in the country. Noting that layoffs first of all affect foreign nationals, the economist said he expects their return to Armenia to later have also its societal impact.
http://www.tert.am/en/news/2017/07/31/vilen-hakobyan/2445837

So... we all knew this was coming. Why is he upset? Sounds like more of a reason to gear up your economy to work closer with the EU, US, India, and China. Russia can stay a political friend, but they have no idea how to run an economy...unless they're running it into the ground.

[DieHard69]

So... we all knew this was coming. Why is he upset? Sounds like more of a reason to gear up your economy to work closer with the EU, US, India, and China. Russia can stay a political friend, but they have no idea how to run an economy...unless they're running it into the ground.

Indeed, this is the best moment for our country to trade with other countries, it has no choice either, Russia's economy is going in the ground and people will get more pissy about it.

[HyeSocialist]

Indeed, this is the best moment for our country to trade with other countries, it has no choice either, Russia's economy is going in the ground and people will get more pissy about it.

Honestly it's not like we should prefer anything over the other. Its just that the EU and the US are big economies and making products for those markets means you pretty much qualify to sell in Latin America and India. They have higher engineering standards, and it only makes sense. Plus, small countries benefit the most from globalization because we can access big markets without causing much threat to bigger economies. We should trade with the world, not just sell tomatoes to Russia.

[HyeSocialist]

China building new embassy in Armenia. May Armenia be a window to the East for the West, and a window to the West for the East. There might even be new air travel linking Armenia and China.

We need to have a better investment climate for non-Russian businesses (again, this is not an anti-Russian statement, this is a pro business statement), so we can have favorable relations with the Chinese, the Indians, the Russians, the EU, and US.

http://asbarez.com/165454/china-breaks-ground-on-new-embassy-in-yerevan/

http://www.panorama.am/en/news/2017/08/10/Armenia-China-look-to-launch-direct-air-flights/1818660

[HyeSocialist]

Positive news from our Hye comrades in the Kremlin. The Investors Club in Armenia is financing some big hydroelectric projects in Armenia, and the payback periods seem justified and not extortionary.

http://investorsclub.am/en/projects

Hydroelectric and Waste to Energy are solid investments because they are indigenous to our land! I hope to see this level of enthusiasm also in Solar energy. Bravo!