Armenia's Economic Pulse

[DieHard69]

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!

If solar energy reaches the same efficiency as nuclear power (if not more) all of our energy problems will be fixed, as I stated, we should not close down our nuclear power plant yet, Thorium should be kept a close eye on, it has great potential.

[HyeSocialist]

If solar energy reaches the same efficiency as nuclear power (if not more) all of our energy problems will be fixed, as I stated, we should not close down our nuclear power plant yet, Thorium should be kept a close eye on, it has great potential.

How much longer do you think Metsamor NPP can be kept running with the type of technology and fault lines it is sitting on?

[DieHard69]

How much longer do you think Metsamor NPP can be kept running with the type of technology and fault lines it is sitting on?

As long as our mod wants it to be, they should really invest on thorium, even if it is at its infancy, much less deadlier if anything dangerous happens.

[Haykakan]

Some interesting developments regarding EEU.

PanArmenian Aug 19 2017


EAEU membership row between Armenia's RPA and Yelk continues

August 19, 2017 - 17:36 AMT
PanARMENIAN.Net - A spokesperson for the ruling Republican Party of Armenia, Eduard Sharmazanov has described talks on leaving the Eurasian Economic Union as "false agenda," RFE/RL Armenian Service reports.
Edmon Marukyan from the opposition Yelk bloc urged a month earlier the necessity to leave the Union.
Speaking to reporters after an RPA meeting on Thursday, August 17, Sharmazanov said that the Yelk bloc has offered no coordinated position on the issue.
Yelk lawmaker Lena Nazaryan said, however, that the bloc does have a coordinated position, which is expressed in their program unveiled ahead of elections to the National Assembly.
Nazaryan added that there might be different opinions concerning the right time for submitting a proposal to leave the EAEU.
http://www.panarmenian.net/eng/news/245725/

[Haykakan]

Meanwhile.. Turkey seeks negotiations with Eurasian Customs Union

August 19, 2017 - 13:41 AMT PanARMENIAN.Net - Turkey wants to start negotiations with the Eurasian Customs Union, which consists of members of the Eurasian Economic Union (EAEU), Economy Minister Nihat Zeybekci said on Friday, August 18, according to Anadolu Agency.
The EAEU consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
In recent years, Turkey has been stressing the importance of using local currencies in foreign trade with its neighbors and major trade partners like Russia, Iran and China to lower the currency conversion costs.
"Our target is to use national currencies in foreign trade. If we do that, we can eliminate the negative effects of foreign exchange volatilities," Zeybekci added.
http://www.panarmenian.net/eng/news/245714/

[HyeSocialist]

Meanwhile.. Turkey seeks negotiations with Eurasian Customs Union

August 19, 2017 - 13:41 AMT PanARMENIAN.Net - Turkey wants to start negotiations with the Eurasian Customs Union, which consists of members of the Eurasian Economic Union (EAEU), Economy Minister Nihat Zeybekci said on Friday, August 18, according to Anadolu Agency.
The EAEU consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
In recent years, Turkey has been stressing the importance of using local currencies in foreign trade with its neighbors and major trade partners like Russia, Iran and China to lower the currency conversion costs.
"Our target is to use national currencies in foreign trade. If we do that, we can eliminate the negative effects of foreign exchange volatilities," Zeybekci added.
http://www.panarmenian.net/eng/news/245714/

Trading in Turkish Liras and Russian Rubles is like trading with seashells.

[Haykakan]

Trading in Turkish Liras and Russian Rubles is like trading with seashells.

Careful now. Seashells have more value than the paper money is printed on.

[HyeSocialist]

http://arka.am/en/news/economy/turkmenistan_and_armenia_may_start_billions_worth_joint_projects/

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Here is a country with massive amounts of money that needs help finding places to invest. Why not Armenia? A country with good relations with the United States and the European Union. Let the Turkmen invest in our country building solar and wind plants, if they want, let them invest in start up companies in Armenian technology. Or Armenian movies. Or Whatever! Let's give them a place to park their money.

[DieHard69]

http://arka.am/en/news/economy/turkm...oint_projects/

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Here is a country with massive amounts of money that needs help finding places to invest. Why not Armenia? A country with good relations with the United States and the European Union. Let the Turkmen invest in our country building solar and wind plants, if they want, let them invest in start up companies in Armenian technology. Or Armenian movies. Or Whatever! Let's give them a place to park their money.

Armenia, in general, has great potential, it is the top 50 freest economies in the world by far, by far the only thing our country lacks, is rule of law, which many countries suffer even Georgia.

[HyeSocialist]

Armenia in general has great potential, it is the top 50 freest economies in the world by far, by far the only thing our country lacks, is rule of law, which many countries suffer ever Georgia.

You bet it is. Armenia also hard cordial relations with almost every country except for the Turks and Pakis. If anything, that's more of a positive for us.