Armenia's Economic Pulse

[Haykakan]

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/GTCI-2017-infographic_GLOBAL.pdf

http://www.armradio.am/en/2017/01/23/armenia-placed-65th-in-global-talent-competitiveness-index-2017/

[armnuke]

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/media_reports_say_two_sas_supermarkets_in_yerevan_closed/

[Haykakan]

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/georgia-gives-nod-to-the-deal-on-transit-of-russian-gas-to-armenia/

[Artashes]

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.

--- 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.

[HyeSocialist]

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.

[HyeSocialist]

Re: Armenia's Economic Pulse

--- small farms --- and financed by govt !!
Really good point.
Profit in USA is directly tied to making more money than invested. (But) that is only one way to discribe "profit". It is the exclusive description used by USA/west/money mongers. However, if one includes the ordinary citizens and connects that to the overall health of the country, then including everyone is highly profitable.
The rich, and mega rich have nothing but contempt for true profit that benefits all.
Very good point.

That's where he was going with this too. The idea of small farms was that there were more people with more savings. This not only created enough savings in banking systems that allowed them to finance the export oriented manufacturing center, but all of those farmers were essentially middle class and living better than most folks in the city. This led the farmers to have sons and daughters they could send to school. In fact, most of the politicians that defined Korean, Japanese, and Taiwanese economic growth were son's of farmers! That could potentially be a good export industry too, processed foods (a type of manufacturing) and advanced agricultural equipment like greenhouses and robotics to help out farmers!

[Artashes]

Re: Armenia's Economic Pulse

So, I picked up this book called "How Asia Works." It's pretty much discussing why countries like South Korea and Taiwan (along with Japan) industrializing rapidly while countries like Malaysia and the Philippines are stuck.

So, to save you gentlemen the hassle (but I do recommend it thoroughly) I will give a run down on how the tigers became the tigers.
- Small Farms
- Export Oriented Economy
- Finance directly to the first two

First, the Japanese, Koreans, and Taiwanese limited the maximum size of a farm to 3 hectares. This allowed more people to be farmers, to grow from the land more intensely, and provide the greatest amount of labor output for a newly starting country. Spoiler alert, after some time, the policy does need to change in order to let some farms consolidate, but it is absolutely important that the phase starts off with small 3 hectare farms.

Second, export oriented economy. In Korea, Japan, and Taiwan, cheap credit and incentives like cheap utilities were all provided only to export oriented companies. What this did was create institutions like Hyundai and Acer because they were able to absorb knowledge and provide it on a global stage. Export products have to be successful and tying credit to these companies means that the MARKET decides who is actually doing something correctly.

Third, finance tied to the first two. I haven't gotten here yet. I'll post more later.

This is bringing me wonder... What are our most export oriented companies in Armenia? services as well. What is it that Armenia can export better than anyone else? Jewelry? Spirits? What can we manufacture that can compete on the world scale? It can be big like tractors or small like microchips.

--- small farms --- and financed by govt !!
Really good point.
Profit in USA is directly tied to making more money than invested. (But) that is only one way to discribe "profit". It is the exclusive description used by USA/west/money mongers. However, if one includes the ordinary citizens and connects that to the overall health of the country, then including everyone is highly profitable.
The rich, and mega rich have nothing but contempt for true profit that benefits all.
Very good point.

[HyeSocialist]

Re: Armenia's Economic Pulse

I wonder if any of these companies would be interested in educational gaming development? I would like to work with an Armenian company if possible to develop such applications.

So, I picked up this book called "How Asia Works." It's pretty much discussing why countries like South Korea and Taiwan (along with Japan) industrializing rapidly while countries like Malaysia and the Philippines are stuck.

So, to save you gentlemen the hassle (but I do recommend it thoroughly) I will give a run down on how the tigers became the tigers.
- Small Farms
- Export Oriented Economy
- Finance directly to the first two

First, the Japanese, Koreans, and Taiwanese limited the maximum size of a farm to 3 hectares. This allowed more people to be farmers, to grow from the land more intensely, and provide the greatest amount of labor output for a newly starting country. Spoiler alert, after some time, the policy does need to change in order to let some farms consolidate, but it is absolutely important that the phase starts off with small 3 hectare farms.

Second, export oriented economy. In Korea, Japan, and Taiwan, cheap credit and incentives like cheap utilities were all provided only to export oriented companies. What this did was create institutions like Hyundai and Acer because they were able to absorb knowledge and provide it on a global stage. Export products have to be successful and tying credit to these companies means that the MARKET decides who is actually doing something correctly.

Third, finance tied to the first two. I haven't gotten here yet. I'll post more later.

This is bringing me wonder... What are our most export oriented companies in Armenia? services as well. What is it that Armenia can export better than anyone else? Jewelry? Spirits? What can we manufacture that can compete on the world scale? It can be big like tractors or small like microchips.

[londontsi]

Re: Armenia's Economic Pulse

.
Հայաստանում 35 մլն դոլարի ներդրում կատարած ընկերությունը 7 ամիս է չի գործում

[Haykakan]

Re: Armenia's Economic Pulse

I wonder if any of these companies would be interested in educational gaming development? I would like to work with an Armenian company if possible to develop such applications.