Armenia's Economic Pulse

[Icy]

Re: Armenia's Economic Pulse

That's called an "import tax"

plus the 10% tax once you buy it >.<
well here in california its 10%

[KanadaHye]

Re: Armenia's Economic Pulse

plus the 10% tax once you buy it >.<
well here in california its 10%

I have a pair of torn jeans that looks just like true religion jeans... it even has authentic paint stains. I'm convinced they can sell anything by advertising the sh!t out of something and put a high price on the tag, people don't understand the word "quality" nor do they expect to wear a pair of clothing for more than 3 months. For $300 bucks, those jeans better be shape shifting.

[Federate]

Re: Armenia's Economic Pulse

Anti-monopoly bill submitted

The monopolists will have to revise their whole activity once the anti-monopoly system is installed. This tough statement made economist Ara Nranyan, MP of ARF Dashnaktsutyun, October 15.

According to him, MP-businessmen will eventually realize their presence in the Parliament first of all infringes their personal interests – as their ambitions prevents them from passing the bills accords with the interests of the entrepreneurs.

Asked whether in this case oligarch MPs will withdraw from their mandates, Nazaryan replied, “When the state will trigger no more concern, [MPs] will realize they are safe and their profits secured – they will quit [the Parliament], they can’t do otherwise.”

Meanwhile, Director of the Political Economy Center Andranik Tevanyan is less optimistic. “This is not a one-day solution business. Although I don’t believe that our MP-businessmen will commit hara-kiri, but this process should be launched. This is our goal while introducing the anti-monopoly regulation bill to the Parliament,” he maintains.

http://news.am/en/news/6588.html

[ara87]

EU Approves Anti-Crisis Aid To Armenia

EU Approves Anti-Crisis Aid To Armenia

Belgium (RFE/RL)–The European Union announced on Friday plans to provide Armenia with 100 million euros ($149 million) in assistance designed to alleviate its worst economic downturn since the early 1990s.

The EU’s executive European Commission will ask the bloc’s member governments soon to approve a loan of 65 million euros and a grant of 35 million euros, its office in Yerevan said in a statement.

“The assistance would be provided in two installments, tentatively in the first and fourth quarter of 2010,” read the statement. “The assistance supports, and is conditional on the respect of the adjustment program agreed between Armenia and the International Monetary Fund. It complements the latter’s financial assistance to the country.”

The IMF approved a $540 million stand-by loan to the Armenian authorities in March after agreeing a set of measures meant to reduce the fallout from the global economic crisis. The fund raised its total amount to roughly $830 million in June, citing the recession’s stronger-than-anticipated impact on the Armenian economy.

The authorities have already drawn about half of the sum to replenish the country’s hard-currency reserves and finance a rising state budget deficit. A high-level IMF mission that visited Yerevan last month indicated that they will soon get another installment of the loan worth about $60 million. The mission praised the Armenian government’s and Central Bank’s response to the crisis.

The government projects a budget deficit of 183 billion drams ($475 million) for next year and plans to cover at least half of the spending gap with external funding. The EU assistance may well be used for that purpose.

“The proposed financing will complement the financial resources provided by the EU, in the form of budget support programs financed under the European Neighborhood and Partnership Instrument,” said the EU statement.

The EU also announced last month that it will provide 33 million euros in 2011-2013 to support “institutional reforms” that would allow Armenia to negotiate association and free trade agreements with the bloc. Armenia is eligible for such deals by virtue of its inclusion in the Eastern Partnership program that offers six former Soviet republics deeper integration with the EU in return for political and economic reforms.

Source

[Icy]

Re: Armenia's Economic Pulse

I found this French article on drillings for oil in Armenia,
the site is in originally French, but I translated it with
a French-English translator.
Cross your fingers, we better struck black gold.


In Arménie, the search for oil and gas will show in 2010

In 2010 the research tasks of oil and gas in the basement of Arménie will begin again. The Armenian government has just informed that it authorized the company “TEAM Energy” to invest in the material charged to carry out research and drillings on the territory of Arménie. The authorization will end on December 30, 2011. “TEAM Energy” is a subsidiary company of the Canadian company “Transeuro Energy”. According to the specialists, the ground of Arménie would have a considerable quantity of gas and oil, but with important depths.

Source: http://www.armenews.com/article.php3?id_article=55327

[Icy]

Re: Armenia's Economic Pulse

Production of Armenian grape re-examined with the rise in 2009

The Armenian government envisages an increase of 10% of the agricultural production of the country, this year in spite of the condition weather unfavourable. According to the forecasts of the Ministry for Agriculture, the production of grape of Arménie will reach at least 205 thousand tons this year (in 2008 it approached the 185 thousand tons). These figures reassure an agricultural sector in recession since the beginning of 2009. This advertisement arrives after an exceptionally rainy summer which damaged harvests. The farmers of the valley Ararat, first wine producing area of the country, tried to limit the damage but expect lower outputs. “That was a very bad year. There was much rain”, explains an old farmer with Aygeshat, a village with 30 kilometers of Erevan. The announced rise is explained by the creation of new vineyards which took part in a slow but stable resumption of the Armenian industry of the wine which crumbled with the beginning of the year 1990 after the collapse of the Soviet block. Nevertheless, it is still very difficult for the producers to find purchasers. “The economic crisis had a serious impact on our agroalimentary companies. But after meetings with spirit companies, I am convinced that at least 140 thousand tons from these 205 thousand - 210 thousand tons will be bought by them” reassured Samvel Galstian, Minister for Agriculture. Largest of these distillings, the Cognac French company of Erevan (SCE) saw its cognac exports in Russia and in other Soviet republics to decrease by moitiée this year. The director of the SCE, Aram Grigorian ensured that it plans to buy 32.000 tons of grape this autumn, that is to say 3% of increase compared to the level of last year.

Source: http://www.armenews.com/article.php3?id_article=54453

[Armanen]

Re: Armenia's Economic Pulse

I found this French article on drillings for oil in Armenia,
the site is in originally French, but I translated it with
a French-English translator.
Cross your fingers, we better struck black gold.


In Arménie, the search for oil and gas will show in 2010

In 2010 the research tasks of oil and gas in the basement of Arménie will begin again. The Armenian government has just informed that it authorized the company “TEAM Energy” to invest in the material charged to carry out research and drillings on the territory of Arménie. The authorization will end on December 30, 2011. “TEAM Energy” is a subsidiary company of the Canadian company “Transeuro Energy”. According to the specialists, the ground of Arménie would have a considerable quantity of gas and oil, but with important depths.

Source: http://www.armenews.com/article.php3?id_article=55327

That fact that Armenia may have a lot of natural gas and oil is not new. During soviet times there were studies carried out and it was found that most of the natural gas was located in the mountainous areas, therefore it was and still is expensive to drill there. Prices will have to rise and stay high before it will be profitable to do large scale drilling in Armenia.

[Federate]

Re: Armenia's Economic Pulse

ARMENIA: SERVING UP FROGS’ LEGS TO THE FRENCH
10/19/09

Traditionally known in the Caucasus for its fish, meat, apricots and cognac, Armenia is increasingly betting on aqua-culture to increase much-needed export revenue. Largely an agricultural state, Armenia exports a growing volume of farmed frogs, crawfish and eels to the European Union and Ukraine, local news services say.

Armenia so far this year has exported as much as five tons of frozen frogs to France, the world’s culinary capital to be used in such dishes as cuisses de grenouilles, or frogs’ legs.

Aside from France, Alexander Alksanian, head of the Ministry of Agriculture’s Border Control Department, said that roughly 600 kilograms of frogs went to Italy this year, the Panorama news service reported on October 16.

http://www.eurasianet.org/departments/news/articles/eav101609a.shtml

[Haykakan]

Re: Armenia's Economic Pulse

The crawfish are yummy and they get way bigger in Armenia then here in the states. Never tried frog leggs though.

[Federate]

Re: Armenia's Economic Pulse

Here's crayfish from Artsakh