Re: Armenia's Economic Pulse
RUSSIA LOWERS GAS PRICES FOR ARMENIA TO $165 PER 1,000 CUBIC METERS
YEREVAN, September 7. /ARKA/. The Russian Energy Ministry and the
Ministry of Energy and Natural Resources of Armenia signed a protocol
today in Moscow amending the agreement on the formation of prices for
the supply of natural gas to Armenia.
The document establishes the legal reduction of the base price for the
supplies of Russian gas to Armenia from $189 to $165 per 1,000 cubic
meters, the Russian Energy Ministry said Monday, Tass reported.
The document also defines the basic conditions for ensuring proper
functioning of Gazprom Armenia, Armenia's national natural gas
distribution company.
Russian Energy Minister Alexander Novak said that Russia is currently
the main supplier of oil products to Armenia. In the current year
about 70,000 tons of oil products were delivered to the county duty
free. Duty free supplies of natural gas to Armenia amounted to more
than 1 bln cubic meters. In 1H 2015, Gazprom supplied 886 mln cubic
meters of gas to Armenia.
Armenia's national natural gas operator Gazprom Armenia is 100% owned
by Russian Gazprom. It deals with transportation and storage of
Russian gas to Armenia, its distribution and sale, as well as
reconstruction and expansion of gas transmission system and
underground gas storage facilities.-0- -
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Re: Armenia's Economic Pulse
MIKHAIL BAGHDASAROV RETURNS TO BIG BUSINESS WITH GERMAN STERLIGOV
28/August/2015
In an exclusive interview with Nyut.am Russian businessman German
Sterligov said that they will start business with Armenian businessman
Mikhail Baghdasarov.
"Me and Misha, both of us former millionaires will start business from
zero. The firts thing will be production of ecologically clean bread.
The first steps have already been undertaken," Sterligov said.
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Re: Armenia's Economic Pulse
excellent-shall be reposted as UrMistake's work in my own Blogs, OR LINKS good...check it out, you know many "interesting" people are in that place ROAMING FREE...like me!Leave a comment:
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Re: Armenia's Economic Pulse
Still Armenia is in much better condition than others in Europe ,,hm hmm ..with all their financial help and socialism for the RICH ....we all see how Poland Portugal Croatia WELL BALKANS AND EAST EUROPE ..not mentioning Greece :/...but yeah it must be some "inside things" as economist said ..cause you know we have never set foot in Armenia but we know more than you people do !!!Leave a comment:
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Re: Armenia's Economic Pulse
Read this article by the economist and pay attention to the last part where it so obviously misrepresents Armenia's external problems as her internal problems as if shifting blame from global events to internal events.
ECONOMIST: ARMENIAN DRAM DEVALUATION INEVITABLE
27.08.2015 20:09
YEREVAN, August 27. /ARKA/. Armenia's national currency will inevitably
go down against the US dollar, Vardan Bostanjyan, an economist,
told journalists on Thursday.
He finds it impossible to retain stability in prices only by the
central bank's efforts and its monetary policy instruments - an
appropriate tax and budgetary policy of the government is needed
for that.
"The central bank and the government's steps should be coordinated,"
Bostanjyan said. "The lack of one of these components load the other
with the whole stabilization burden."
Bostanjyan pointed out that Armenia's economy is dollarized, and,
in addition, it heavily depends on Russia's economy. That is why
Russia's all adverse developments strike hard at Armenia, which finds
itself in more vulnerable position.
"Now we perceive everything through the lens of Armenia's financial
market, but it should be understood that it is increasingly becoming
difficult to control economic processes because of various objective
and subjective factors," he said.
As a whole, he said, adverse processes strengthened in the world by
the end of the 20th century and in the beginning of the 21st century,
confrontation between the East and the West escalated, financial flows
underwent deformation and illegal migration intensified. As a result,
the global economic system is deforming, and this impacts Armenia.
The US dollar fell 0.79 percentage points against the Armenian dram
on Thursday, compared with Wednesday, and traded at 484.7 drams,
on average, at Armenia's forex market.
On August 24, the US dollar leapt 5.73 percentage points against the
Armenian dram and traded at 483.43 drams, on average, at Armenia's
forex market, and the European currency soared 16.56 percentage points
to 554.83 drams per one euro.
The dram devaluation is triggered by adverse developments at world
forex markets.
The Armenian national currency was driven down not only by outside
factors, but also by inside things -Armenia's foreign trade turnover
shrank 20.6% over the first half of this year to $2 186 million and
money transfers contracted by 30.5% to $537.1 million. ---0---
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Re: Armenia's Economic Pulse
GOVERNMENT APPROVES REDUCTION OF PRICE OF RUSSIAN GAS
YEREVAN, August 18. / ARKA /. The Armenian government approved
on Tuesday a protocol providing for the reduction of the price of
Russian gas shipped to Armenia across Georgia to $165 per one thousand
cubic meters.
Energy and natural resources minister Yervand Zakharyan said two
protocols between the governments of Armenia and the Russian Federation
are ready for signing.
He said the first protocol sets the gas price at $165 per one
thousand cubic meters for 2015, while the second protocol instructs
the authorized bodies to prepare a model of financial calculations
for later use until November 1.
The protocols, approved by the government, have to be ratified also
by the parliament, the minister said.
The agreement on the reduction of the price of Russian gas for Armenia
from $190 to $165 was reached in April during a meeting between
Gazprom chief Alexei Miller and Armenia's president Serzh Sargsyan.
Armenia's Russia-owned national gas distributor Gazprom Armenia
(owned by Gazprom") has a monopoly on the import and distribution of
Russian gas in the domestic market.-0-
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Re: Armenia's Economic Pulse
YEREVAN IS THE FIFTH MOST POPULAR CITY FOR RUSSIAN TOURISTS
YEREVAN, August 17. / ARKA /. Armenia's capital city Yerevan is the
fifth most popular destination for Russian tourists in the former
Soviet Union, according to online hotel reservation service Oktogo.ru.
Oktogo.ru service determines the most popular cities and resorts in
the former Soviet Union, chosen by Russian tourists to spend their
summer holidays.
The rating is based on hotel reservation data from August 1 to 31
made by tourists traveling without the help of travel agencies.
In August the top 10 of Oktogo.ru includes Minsk (Belarus), Tbilisi
(Georgia), Almaty (Kazakhstan), Kiev (Ukraine), Yerevan, Baku
(Azerbaijan), Astana (Kazakhstan), Bishkek (Kyrgyzstan), Chisinau
(Moldova) and Tashkent (Uzbekistan).
The cheapest city is Bishkek, where a Russian tourist spends 1,200
rubles per day on hotel accommodation and the most expensive is Baku
(more than 6,000 rubles). In Minsk, the average price of a hotel
room is 3,000 rubles; in Tbilisi it is 3,200 rubles and 3,100 rubles
in Yerevan.
Russians who have their holidays in August spend on average 4 days
while visiting former Soviet republics as tourists and 9 days when
they choose a sanatorium to improve their health.
The top 5 most popular resorts among Russian tourists in summer are
Batumi (Georgia), Gagra (Abkhazia), Klaipeda (Lithuania), Sukhumi
(Abkhazia) and Cholpon-Ata (Kyrgyzstan). The cheapest of these
destinations is Sukhumi where a hotel room is worth t 1,400 rubles
a day.
Other most popular countries for Russian tourists outside the former
Soviet Union are Thailand, Vietnam, and Cuba.
Oktogo.ru is an online service for hotel booking around the world,
offering more than 500,000 hotels and apartments. -0-
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Re: Armenia's Economic Pulse
This is very good news, they were talking about it 2 years ago.....I am glad its happening.
Iran is a good Ally.Leave a comment:
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