Re: Armenia's Economic Pulse
Iran to export more jet fuel to Armenia
Iran has received more demands from Armenia, Tajikistan and Afghanistan for the supply of jet fuel, and Iranian official said.
“Iran exported jet fuel to Afghanistan, Armenia and Iraqi Kurdistan last year and this year Tajikistan has also been added to the list of buyers,” Director of Exports and Imports of the National Iranian Oil Products Distribution Company (NIOPDC) Esmayeel Hesham Firouz said on Friday.
He pointed to a five-fold increase in jet fuel exports in 2015 compared to the previous year, Fars agency reported.
Iran exported a sum of 7,500 tons of jet fuel to Afghanistan and Armenia during March 21, 2015-October 22, 2015 period, Managing Director of the National Iranian Oil Products Distribution Company (NIOPDC) Nasser Sajjadi said.
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Re: Armenia's Economic Pulse
Armenia PM doesn’t rule out dismissals
Armenian PM Hovik Abrahamyan doesn’t exclude that there will be dismissals if the relevant agencies don’t carry out the assignments of reducing their expenditures.
“We have carried out economic reforms all this time. But if the people don’t believe this, we must do our job so that they can believe,” Armenian PM Hovik Abrahamyan, who is taking part in the festivities dedicated to the 98th anniversary of the Armenian First Republic Day in Sardarapat, told journalists Saturday.
To the observation that there might be dismissals if the state agencies fail to carry out the assignments of the PM on optimization, Abrahamyan noted: “If they fail to carry them out, I will agree with your proposal.”
On May 19, PM Abrahamyan made an announcement, in which he spoke about the need to fight against corruption and optimize the work of state bodies.
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Re: Armenia's Economic Pulse
Government prepares memos for importers
Government prepares memos for importers
YEREVAN, May 26. /ARKA/. Armenia’s economy minister Artsvik Minasyan said today the government will release special memos designed for importers as a follow–up to prime minister’s order. According to Minasyam, the memos that will be available in electronic format will contain information compiled specifically for importers.
According to him, memos provide information on how to organize imports form third countries with which Armenia has no free trade agreement, from countries with which such agreements exist, as well as from members of the Eurasian Economic Union.
"For the first stage we have identified 10 key items of goods which are always in demand - oil, flour, wheat, sugar, sunflower oil, chicken, oranges, bananas, gasoline and diesel fuel. Special memos are developed for these goods and sent to the State Revenue Committee and State Food Safety service for adjustment and reconciliation and will be published before the end of the week,’ Minasyan said.
He said in the future the ministry will expand the list to include more items. The minister noted also that all other documents that will be requested from importers outside this list will be considered illegal.
He also said information about shareholders of Armenian companies should be open. "Today a lot of information about Armenian companies remains closed, including information about shareholders and their equity participation,' said Minasyan.
According to him, a proposal has been developed to make joint-stock companies register open to public. "Such information may not be a secret, it's not deposit accounts, therefore, it should be available", said Minasyan. -- 0--
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Re: Armenia's Economic Pulse
Financial resources coming to Armenia from Eurasian Economic Union budget shrunk
YEREVAN, May 27. /ARKA/. The flow of financial resources from the Eurasian Economic Union’s common budget to Armenia has dwindled, Haykakan Zhamanak (Armenian Time) reports.
According to the newspaper, in April’s customs receipts from the Eurasian Economic Union budget to Armenia totaled AMD 4.4 billion, and this amount is smaller than that of the same month a year before by AMD 0.5 billion.
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Re: Armenia's Economic Pulse
Government Committed To Antitrust Measures, Insists Minister
Nane Sahakian
Հրապարակված է՝ 26.05.2016
The government is serious about its pledges to de-monopolize lucrative imports of essential goods and commodities to Armenia, Economy Minister Artsvik Minasian insisted on Thursday.
Prime Minister Hovik Abrahamian has vowed to put in place “equal conditions” for all importers as part of sweeping reforms announced by him earlier this month. He said that the Armenian government will step up its fight against corruption and radically improve the domestic business environment in view of new security challenges facing the country.
Abrahamian told the Ministry of Economy and state anti-trust regulators to “analyze” within the next three weeks the impact of de facto monopolies on economic competition in the country. Companies owned by government-linked businesspeople have long controlled imports of fuel and basic foodstuffs, something which economists regard as a major hurdle to faster economic growth.
Minasian said that his ministry will release soon a detailed report on the monopolies. As part of the same effort, it has drawn up “explanatory” booklets for businessmen interested in importing about a dozen items, including fuel, wheat and sugar. Minasian unveiled them at a weekly cabinet meeting in Yerevan.
Minasian, who was appointed as minister in March following a power-sharing deal struck by his Armenian Revolutionary Federation party with President Serzh Sarkisian, dismissed lingering media and opposition skepticism about the government’s stated reform drive.
“Instead of joining forces to put that policy into practice, as soon as something good is done we criticize and complain about why it hasn’t been done before,” Minasian told journalists. “I not only believe [in the seriousness of the reform promise] but am also fighting for that.”
Critics argue that that many senior government officials have personally benefitted from business “oligopolies” and heavily relied on them for political support.Leave a comment:
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Re: Armenia's Economic Pulse
Bad move. Constrains Armenia to Russia gas only at a higher price and hurts relations with Iran and furthermore discourages increased investment and ties with Armenia and a good neighbor. This also reeks of corruption.Originally posted by Zeytun View PostLeave a comment:
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Re: Armenia's Economic Pulse
Iranian businessman denied access to Armenia’s petrol market
YEREVAN, May 25. /ARKA/.
Arshia Monjezi, an Iranian entrepreneur, has been barred from entering Armenia's market, Zhamanak reports.
According to the newspaper, he was warned against entering Armenian market a few months ago, when he wanted to start importing petrol into Armenia from Iran.
Remarkable is that Hovik Abrahamyan, Armenia's prime minister, swore recently before members of the National Assembly that there is no monopoly at Armenia’s liquid fuel market and anybody who wants may import fuel into the country.
One liter of ‘Regular’ petrol is sold in Armenia at 390 drams, while in neighboring Georgia its price is only 250 drams.
Taking into account all his expenses, the Iranian entrepreneur was going to supply petrol to Armenia and sell it at 270 to 290 drams per liter.
“We have always said that petrol can be brought to Armenia from Iran, Turkmenistan and other countries, if desired, and this will be far cheaper,” Arshia Monjezi is quoted by the newspaper as saying.
“The bulk of petrol comes to Armenia from Russia, and they decide how much it will cost.”
Monjezi is convinced that this is not a simple problem that can be solved. He stated that contrary to the Armenian prime minister’s statement, there is a monopoly at Armenian market and that he will not make another attempt to enter Armenia’s market, since it is doomed to failure.
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