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Armenia's Economic Pulse

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  • Re: Armenia's Economic Pulse

    Originally posted by Federate View Post
    VivaCell to launch 3G network

    18.04.2009 13:26 GMT+04:00

    /PanARMENIAN.Net/ VivaCell announced commercial launch of VivaCell-MTS 3G (third generation) network, VivaCell Press service reported.

    Launch of the 3G UMTS*/HSPA** network marks the beginning of a new stage in the development of telecommunications in Armenia allowing all VivaCell-MTS subscribers to enjoy state-of-the-art mobile broadband technology.

    These modern technologies that provide high speed of data transfer and high quality of voice services, allow using a number of new, interesting services, as well as enjoying the services provided before with much higher quality.

    To make use of the opportunities provided by 3G, you need to have a mobile phone supporting 3G and be within the 3G coverage. Currently, Yerevan, Gyumri and Vanadzor are provided with 3G coverage. Within these territories, while using the Internet with their current tariff plans, VivaCell-MTS subscribers are already enjoying a previously unreachable speed paying for 1 MB the same tariff as before.

    Besides, VivaCell-MTS is presenting a number of solutions, thanks to which you can fully enjoy the opportunities given by 3G: the new MTS Connect USB modem allows connection to the Internet directly from the computer avoiding the inconveniences related to using the mobile phone as a modem; the new MTS Connect tariff plan offers much more affordable Internet tariffs and an opportunity to send and receive SMS; the new Videocall service allows video communication where you can see the interlocutor on the mobile phone display while talking over the phone; VivaCell-MTS mobile portal ( provides access to the latest business and general news, best sports information, international and Armenian content and many other fun and friendly services.
    I will so die of laughter if Russia envies us for for this too.


    • Re: Armenia's Economic Pulse

      Federate, how will this Armenian-Iranian rail project have an effect on
      Armenia's economy? Why is it being built?


      • Re: Armenia's Economic Pulse

        Originally posted by Lernakan View Post
        By Aghavni Harutyunian

        AZG Armenian Daily #142

        On July 26, Armenian-European Policy and Legal Advice Center (AEPLAC)
        presented its "The Armenian Economic Trends: 2006 Annual Report"

        "Annual Economic Report - 2006" contains in-depth analyses of the
        main macroeconomic developments in Armenia in 2006, with extensive
        international comparisons by using a number of indicators, said the
        European Director of AEPLAC Kenneth Myunter

        According to AEPLAC's Senior Expert of Economic Issues Artashes
        Shaboyan, the analyses consists of various chapters which cast a light
        upon key topics such as composition, structure and per capita levels of
        the Gross Domestic Product, and a sectored structure of the outputs,
        which includes industrial production, agriculture, construction and
        other sectors. These are followed by chapters related to inflation,
        labor market, financial / banking sectors, the state budget, external
        debt and developments in the external sector.

        According to the report, GDP rose three times in the last 5 years,
        from that only 61% is the real growth.

        Inflation in the economy is 14%; the rest 25% was formed because of
        the devaluation of the US dollar against the Armenian dram.

        Providing 13,3% economic growth in 2006 Armenia became the fifth in
        the list of the 181 countries. Azerbaijan gained the first rank with
        its unprecedented indices of the economic growth in the last two years.

        If the economic growth in Armenia continues at the average rate of the
        last 5 years, Armenia will reach the medium index of the 27 European
        countries in 2023.

        The key branch in GDP: the construction's high rates of growth
        continue, moreover, it provided half of the GDP growth in 2006. It
        is one of the peculiarities of the economic development of Armenia
        during the last years.

        At the same time the index of the apartments' construction is not
        high as compared with the CIS countries.

        In regard to the industry, GDP decreased in the spheres of cigarette,
        chemistry and gold xxxellery

        A growth of productivity is recorded in the agricultural sphere.

        The 2,9% index of inflation is close to the medium index of the 27
        European countries.

        Unemployment decreased and reached to 7,4%, the medium monthly wages

        Head of the World Bank's Armenian Office Aristomene Varudakis spoke
        about the following challenges for Armenia: development of other
        branches besides construction, adoption of the amendments of the
        second generation, improvement of the investments' atmosphere,
        stimulation of the rivalry, etc.
        How come Armenia will only reach the medium level of the West (EU)? But not higher than that? I am interested to know.


        • Re: Armenia's Economic Pulse

          I lost all my respect for this Ahmag-Nejad when he visited Armneia and didn'teven pay respects, as is tradition, to our Genocide Memorial.
          "All truth passes through three stages:
          First, it is ridiculed;
          Second, it is violently opposed; and
          Third, it is accepted as self-evident."

          Arthur Schopenhauer (1788-1860)


          • Wages in Armenia increased by 16,4%

            20.04.2009 16:47 GMT

            In January-March 2009, average nominal wages in Armenia increased by 16,4%, compared with 2008 results.
            According to RA National Statistical Service data, average monthly salaries comprised AMD 97899, which is unsatisfactory, as a consumer price index growth of 0,7% was registered in January-March 2009, compared with 2008 results.
            Average monthly salary comprised AMD 80682 in government-financed organizations and AMD 123501 in private organizations, showing an increase of 18,1% and 13,1% accordingly, compared with January-March 2008.




            • “Eastern Partnership” not promising EU membership

              02.05.2009 17:00 GMT

              The prospect of Ukraine and other post-Soviet countries’ membership in EU may become an actual issue in 5-10 years’ time in case of the proper implementation of “Eastern Partnership” program, said Ruprecht Polents, member of Foreign Affairs Committee of Bundestag.

              According to him the initiative aims to establish maximum close ties among eastern neighbors. As noted by Mr. Polents, the program does not promise anything in terms of further prospects of membership. [.....]




              • Re: Armenia's Economic Pulse

                Iran to start piping gas to Armenia this week
                Tehran Times Political Desk

                TEHRAN -- National Iranian Gas Export Company Managing Director Seyyed Reza Kasaiizadeh announced on Sunday that Iran will start shipments of natural gas to Armenia this week.

                Kasaiizadeh told PIN that he would be leaving for Armenia today/tomorrow at the head of a delegation to attend the opening ceremony for the Iran-Armenia gas pipeline.

                According to the deal signed in May 2004, Armenia will pay for the gas with electricity it produces at a Soviet-era nuclear power plant.

                The NIGEC managing director said the pipeline has a diameter of 30 inches and runs for 113 kilometers from Tabriz, East Azerbaijan Province to the Iran-Armenia border.

                The two countries had originally agreed to finalize the project in January 2007, but the Armenians later said they were not ready, Kasaiizadeh added.

                He explained that the volume of gas exports could rise to 4 million cubic meters a day in 2011 and to 6.3 million cubic meters a day afterwards.

                Kasaiizadeh stated that Armenia has expressed its readiness to receive Iranian gas, and added, “One of the main goals of the trip is to finalize the export of gas to Armenia.

                Azerbaboon: 9.000 Google hits and counting!


                • Armenia further drifting away in Development among the worlds poorest nations?

                  US Administration budget cuts aid to Armenia, breaks military parity and promise

                  This just tells you that Mr Obama has not kept his promises to ensure world order and prosperity will be ensured for the worlds poorest nations (including former USSR Republics excluding Russia.

                  I am disappointed that the EU (Western World Power) has not said anything, the EU should also be increasing their Aid to the third world. But have we heard anything from the Wealthy and Powerful EU? No because they dont care either about the worlds poorest countries.

                  I am also not happy with my Country (Canada) which has not kept its promises either to assist the third world in Africa, Latin America, Caribbean, Pacific, and Third World Asia to achieve their UN Millennium Development Goals. Canada has also not achieved to increase its Aid ratio to GDP. The EU and US seem to want to strive for a world free of poverty and hunger but they are not doing anything to stand by that commitment of the West (EU,US, Canada). Yes only a couple of EU States have reached the UN Aid to ratio GDP target but the whole of the EU needs to do it not just certain EU States.
                  Last edited by JohnCanadian; 05-15-2009, 03:57 AM.


                  • Australian Assistance


                    Well done Australia!


                    • Europe's Impacts on its Eastern Neighbours.


                      The Foreign Minister emphasized in his speech that after wars and struggles Europe has become a symbol of peace, stability, and balance for the humanity[.....]