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Armenia's Economic Pulse

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  • Mher
    replied
    Re: Armenia's Economic Pulse

    armenia the only cis member state recording drop in consumer prices

    YEREVAN, OCTOBER 26, ARMENPRESS. Consumer prices rose by 14.3% in the Commonwealth of Independent States in September of this year compared to December of the last year. Prices for food products rose by 12.4%. Armenia is the only CIS state where deflation was recorded in September, 2015 compared to December, 2014 which formed 2% for consumer products and 6.2% for food products. Top inflation was recorded in Ukraine where consumer products prices rose by 41.4% and the food products by 34.2%. In Russia inflation stood at 10.4 and 10.2% respectively and 2.6 and 3.4% in Azerbaijan.

    Leave a comment:


  • HyeSocialist
    replied
    Re: Armenia's Economic Pulse

    Originally posted by Haykakan View Post
    NEW ARMENIAN AIRLINE PLANS TO START OPERATION IN 2016 MARCH

    YEREVAN, October 9. / ARKA /. A new Armenian airline called "Alliance"
    plans to launch operation in 2016 March. The founder and chief
    executive officer of the company, Ararat Sargsyan, told reporters
    today that two days ago the airline had received the license of the
    Chief Aviation Department and was now seeking to acquire membership
    in IKAO in order to be allowed to operate flights.

    Sargsyan said Alliance had leased two Russia-manufactured Sukhoi
    Superjet - 100 (SSJ-100) aircraft which are now deployed in Zhukovsky
    near Moscow, adding also that the airline plans to bring their number
    up to six by 2017.

    The first flight is scheduled for 27 March, 2016. The airline
    personnel comprise 14 people, all of whom, like Sargsyan himself,
    worked in the past for now defunct Armavia air carrier.

    At the initial stage, the company plans to carry out flights to three
    destinations: Moscow, Beirut and Tehran, and add later more routes
    to other Russian cities and Ashgabat, the capital of Turkmenistan.

    Sargsyan declined to name the investors of the airline, saying only
    they were from Russia.

    In 2013 October the Armenian government liberalized the domestic civil
    aviation sector saying that all local and foreign airlines meeting
    safety standards will be allowed to fly to and from Armenia without
    special authorizations or other restrictions. - 0-

    http://arka.am/en/news/business/new_....V9ZOpm0G.dpuf
    When Singapore government officials fly, they take Singapore airlines (55% owned by the Singapore government). I think Armenian government officials and the future Armenian airline should adopt this practice. If the government is going to be corrupt and use state money to fund their vacations, it should at least go to subsidizing a national air carrier.

    Leave a comment:


  • Haykakan
    replied
    Re: Armenia's Economic Pulse

    ARMENIA'S EX-PRIME MINISTER TO HEAD EURASIAN ECONOMIC COMMISSION

    October 16, 2015 - 17:21 AMT

    PanARMENIAN.Net - Armenia's former Prime MinisterTigran Sargsyan will
    replace the current head of theEurasian Economic Commission Viktor
    Khristenko. The decision was made on Friday, October 16, at a meeting
    of the Supreme Eurasian Economic Council in Burabai, Interfax reports.

    "We have decided that Armenia will chair the EEC board starting
    February, 2016, with Tigran Sargsyan chairing" Belarusian President
    Alexander Lukashenko said. "Russian President, who has worked with
    Sargsyan in the past, has supported the decision. Known to be an
    experienced specialist, he will begin to work as the EEC head starting
    February 1."

    According to Lukashenko, the Board members reviewed all the 15 issues
    on the agenda, "discussed the prospects of our economic union."

    Belarus is currently chairing the EEC.

    Leave a comment:


  • Haykakan
    replied
    Re: Armenia's Economic Pulse

    EU AUTHORIZED AUTHORIZED TO START NEW TALKS WITH ARMENIA

    by MassisPost October 12, 2015, 2:47 pm

    YEREVAN -- The European Union and Armenia will start negotiations on
    a new legal framework for their relations, it emerged on Monday.

    Armenian Foreign Ministry spokesman Tigran Balayan wrote on his Twitter
    account that "the EU Foreign Affairs Council has authorized the EU
    Commission to launch negotiations with Armenia on a new legal base."

    In a statement released today French Secretary of State for European
    Affairs Harlem Desir welcomed the approval of the negotiating mandate
    for an agreement of cooperation between the European Union and Armenia.

    Brussels and Yerevan have been moving towards the opening of the
    talks since 2013 when Armenia unexpectedly decided to withdraw from
    the process of EU association following more than three years of
    negotiations on a relevant agreement.

    Instead, the government in Yerevan signed up to a Moscow-led customs
    union and became a member of the Eurasian Economic Union (EEU) formed
    by Russia, Belarus and Kazakhstan in January 2015.

    It is expected that the new deal between the EU and Armenia will
    cover concrete areas of political and economic cooperation, but,
    as has repeatedly been stated by the two sides, will not contradict
    Armenia's membership commitments to the EEU.

    Hosting European Council President Donald Tusk in Yerevan in July
    Armenian President Serzh Sarkisian said: "I can't imagine Armenia's
    development without reforms and I can't imagine reforms in Armenia
    without [use of] European experience and assistance... Therefore,
    while being a member of the EEU, we will continue to closely cooperate
    with the EU."

    Tusk, for his part, then said: "Armenia can count on the European
    Union's continued support to advance on a whole range of political
    and social reforms, and to improve the protection and promotion of
    human rights and fundamental freedoms."

    YEREVAN -- The European Union and Armenia will start negotiations on a new legal framework for their relations, it emerged on Monday. Armenian Foreign

    Leave a comment:


  • Haykakan
    replied
    Re: Armenia's Economic Pulse

    NEW ARMENIAN AIRLINE PLANS TO START OPERATION IN 2016 MARCH

    YEREVAN, October 9. / ARKA /. A new Armenian airline called "Alliance"
    plans to launch operation in 2016 March. The founder and chief
    executive officer of the company, Ararat Sargsyan, told reporters
    today that two days ago the airline had received the license of the
    Chief Aviation Department and was now seeking to acquire membership
    in IKAO in order to be allowed to operate flights.

    Sargsyan said Alliance had leased two Russia-manufactured Sukhoi
    Superjet - 100 (SSJ-100) aircraft which are now deployed in Zhukovsky
    near Moscow, adding also that the airline plans to bring their number
    up to six by 2017.

    The first flight is scheduled for 27 March, 2016. The airline
    personnel comprise 14 people, all of whom, like Sargsyan himself,
    worked in the past for now defunct Armavia air carrier.

    At the initial stage, the company plans to carry out flights to three
    destinations: Moscow, Beirut and Tehran, and add later more routes
    to other Russian cities and Ashgabat, the capital of Turkmenistan.

    Sargsyan declined to name the investors of the airline, saying only
    they were from Russia.

    In 2013 October the Armenian government liberalized the domestic civil
    aviation sector saying that all local and foreign airlines meeting
    safety standards will be allowed to fly to and from Armenia without
    special authorizations or other restrictions. - 0-

    Leave a comment:


  • Mher
    replied
    Re: Armenia's Economic Pulse

    Originally posted by Federate View Post
    Eurasianet's Armenian writers are trashy sellouts, the entire rag is one big anti-Russian and Turkish-friendly circle jerk. Gayane's not even the worst, someone called Marianna Grigoryan once wrote "ALLEGED GENOCIDE" when mentioning the genocide on Eurasianet. I wish I was kidding...
    I deleted my original response because I actually thought the article was from Marianna Grigoryan. That woman is the most repulsive treasonous wh0re living in this country. The articles she puts out on a monthly basis defaming our country for money from Open Society should be considered treason by any definition of the word.


    Same goes for this article. The shameless author, who I'm sure herself has no understand of economics or basic statistics, just throws a bunch of irrelevant data hoping it sound intelligent enough to pass this garbage off as an article. Armenia's debt is in a manageable area. It was higher five years ago after the global recession. Some debt had to be taken on to get through this unexpected regional economic crisis.

    Leave a comment:


  • Haykakan
    replied
    Re: Armenia's Economic Pulse

    Originally posted by Federate View Post
    Eurasianet's Armenian writers are trashy sellouts, the entire rag is one big anti-Russian and Turkish-friendly circle jerk. Gayane's not even the worst, someone called Marianna Grigoryan once wrote "ALLEGED GENOCIDE" when mentioning the genocide on Eurasianet. I wish I was kidding...
    Money makes for a lot of xxxxxs.

    Leave a comment:


  • Federate
    replied
    Re: Armenia's Economic Pulse

    Eurasianet's Armenian writers are trashy sellouts, the entire rag is one big anti-Russian and Turkish-friendly circle jerk. Gayane's not even the worst, someone called Marianna Grigoryan once wrote "ALLEGED GENOCIDE" when mentioning the genocide on Eurasianet. I wish I was kidding...

    But many Armenians aren’t buying it. Families are arguably the most sacred of social institutions in this tiny country of just under three million people. That status exists elsewhere in the region, too, but in Armenia, the tough-knocks survivor of war, alleged genocide and vast migration, it exercises a particular pull.

    http://www.eurasianet.org/node/71666

    Leave a comment:


  • Zeytun
    replied
    Re: Armenia's Economic Pulse

    Originally posted by Haykakan View Post
    ARMENIA: LIKE GREECE, TOO MUCH FOREIGN DEBT?


    http://www.eurasianet.org/node/75421
    Well the Title of the article is misleading
    Lets assume Armenia's external debt-to-gdp is around 50%
    Greece's external debt-to-gdp is around 170%.
    So comparing Armenia's debt to greece's debt is inaccurate.

    Leave a comment:


  • Haykakan
    replied
    Re: Armenia's Economic Pulse

    METSAMOR NUCLEAR POWER PLANT TO SHUT DOWN IN TWO PHASES

    12:22, 7 October, 2015

    YEREVAN, OCTOBER 7, ARMENPRESS. The Metsamor Nuclear Power Plant
    will shut down for 3-4 months in 2017 and 2018 aimed at extending
    the exploitation of the plant's second unit. "Armenpress" reports
    that Yervand Zakharyan, Minister of Energy and Natural Resources of
    the Republic of Armenia said the aforementioned during his briefing
    with the journalists noting that it had been decided earlier to shut
    down the nuclear power plant for 6-7 months but later the decision
    was changed.

    "Taking into account the situation connected with electricity prices
    in Armenia after serious studies we came to the conclusion that the
    operation of the Nuclear Power Plant could be stopped in 2 phases
    with a duration of 3-4 months. The first 3 months - in 2017 and the
    3-4 months - in 2018 thus alleviating its influence on the prices,"
    Minister said.

    According to him, serious preparatory activities have been carried
    out and a joint coordinating committee has been created which studied
    and evaluated current activities.

    Leave a comment:

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