Armenia's Economic Pulse

[Haykakan]

Re: Armenia's Economic Pulse

INDIA CONFIRMS IT WILL SIGN FREE TRADE AGREEMENT WITH EURASIAN ECONOMIC UNION

16:35, 18 Jun 2015
Siranush Ghazanchyan

India has confirmed it will sign a free trade agreement with
the Eurasian Economic Union on June 18 at the St. Petersburg
International Economic Forum (SPIEF-2015). "We are definitely signing
this agreement," Amit Telang, First Secretary of India's embassy in
Russia told TASS on Thursday.

The Eurasian Economic Union (EAEU) is an international organization
for regional economic integration. The member states of the union,
which started operation on January 1, 2015, are the Russian Federation,
the Republic of Belarus, the Republic of Kazakhstan and the Republic
of Armenia.

The EAEU is aimed at economic development of the member states by
coordinating their economic policy and guaranteeing free movement of
goods, services, capital and workforce.

Apart from India, currently Vietnam, Iran, Egypt and Israel are
negotiating the possibility of forming free trade zone agreements
with the EAEU.

http://www.armradio.am/en/2015/06/18/india-confirms-it-will-sign-free-trade-agreement-with-eurasian-economic-union/

[londontsi]

Re: Armenia's Economic Pulse

[londontsi]

Re: Armenia's Economic Pulse

[Mher]

Re: Armenia's Economic Pulse

World Bank Reaffirms Armenian Growth Forecast
Հրապարակված է՝ 11.06.2015

Armenia will avoid a recession this year despite a considerable slowdown in economic activity in the country resulting from Russia’s economic troubles, according to the latest World Bank projections.

In its most recent Global Economic Prospects report released late on Wednesday, the bank said that the Armenian economy is on course to expand by 0.8 percent in 2015, down from 3.4 percent in 2014.

Laura Bailey, the head of the World Bank’s Yerevan office, forecast the same growth rate in late March. It was a significant downward revision of the bank’s previous projections made late last year.

The International Monetary Fund offered an even more pessimistic outlook in April, saying that Armenia’s Gross Domestic Product will likely contract by 1 percent in 2015 due to knock-on effects of a recession in Russia.

The IMF slightly revised that forecast last week, with Teresa Daban Sanchez, the fund’s resident representative in Yerevan, predicting zero growth for the Armenian economy. She argued that oil prices stabilized in February, helping to somewhat shore up the Russian ruble.

The Armenian government, for its part, is more optimistic about the country’s macroeconomic performance in 2015. Prime Minister Hovik Abrahamian insisted last month growth will reach “at least 2-3 percent.”

The World Bank expects such growth rates in 2016 and 2017 apparently because of a “modest recovery” anticipated in Russia. “In Russia, a contraction in economic activity by 2.7 percent in 2015 is expected to be followed by a modest recovery in 2016 as policies facilitate adjustment to a new low oil price environment,” says its latest report.

The report at the same time warns of downside risks still facing Armenia and other countries in Eastern Europe and Central Asia. Those include “further declines in oil prices, escalation of geopolitical tensions, and abrupt tightening of financial conditions.”

http://www.azatutyun.am/content/article/27067387.html

[Eddo211]

Re: Armenia's Economic Pulse

The only way to beat the "Turk" is you take his ax and......be more brutal to him than he could have been on you.

Unfortunately we are not that type of people but its the only way, you must make that one exception, and it is the only language they (Fascist Wolfs) understand.

We need more Turks like Lampron.

[Artashes]

Re: Armenia's Economic Pulse

Police halt production of counterfeit shoes and bags

YEREVAN, June 5. / ARKA /. An Armenian police unit in charge of combating organized crime has halted the operation of an illegal workshop in Yerevan that was producing counterfeit footwear and leather goods of famous world brands.

According to a police statement, they found counterfeit branded shoes and leather bags marked ‘Brioni" Stefano Ricci,"" Zili" and others in a trade center pavilion in Yerevan owned by Carlo Comberzi LLC and in an illegally running workshop at Tychina street.
U
Overall, the police found 103 pairs of shoes and three leather jackets in the pavilion owned by a Vagharshak Muradyan. It turned out that he set up production in August 2013 without the permission of trademarks rights holders.

He neither ran books to record the commercial activity. The damage was assessed to be 12 million drams (about $26,000). -0-

http://arka.am/en/news/business/police_halts_production_of_counterfeit_shows_and_bags/#sthash.6dZpY9Uc.dpuf

What is the point of this? China has in part built its economy on the sales of fake jerseys, electronics, shoes, etc. All it does is take away employment opportunities from ordinary citizens. I assuming it was done due to international pressure

----? What is the point ...? ----
Because china uses theft to lift itself up, doesn't make that path right or honorable.
We, as a nation and people's need to conduct ourselves decently and not let the corrupt lead us.
The door to creativity is wide open. We could employ those people using our own design/imagination. To copy someone else is the easy path and the wrong path.

Normally I would agree, but just like the cigarette discussion with Haykakan, Armenia simply cannot afford to worry about such high standard of morality, specially when it comes to greedy multibillion dollar corporations with wide profit margins. Armenia is in a constant state of existential crisis, and you cannot build a sustainable nation in that condition. The biggest contribution to that crisis is the economy, and the lack of manufacturing jobs for ordinary people. That is what this provides. Every time I buy a $100 soccer jersey for $25 on Ebay from someone in China or Thailand, my first thought is why can't we set this up in Armenia? countless people have found jobs in low and middle income countries across the globe with this model, I don't see why it shouldn't exist in Armenia.

A person sets up shop in Armenia to produce counterfeit merchandise. Said person doesn't pay taxes.
This is not a model to seek for our country. A dire need for economic improvement --- does NOT --- justify criminal/immoral conduct.
To lead our people/country into justifying unsavory conduct for the sake of monetary gain is to ** Mislead **.
This justification is precisely what the kurd uses to explain why the live in thousands of Armenian villages.
The turc justifies criminality.
WE CANNOT.

[Mher]

Re: Armenia's Economic Pulse

I'm with Art, it is looked down upon in the international community especially with europe.

Normally I would agree, but just like the cigarette discussion with Haykakan, Armenia simply cannot afford to worry about such high standard of morality, specially when it comes to greedy multibillion dollar corporations with wide profit margins. Armenia is in a constant state of existential crisis, and you cannot build a sustainable nation in that condition. The biggest contribution to that crisis is the economy, and the lack of manufacturing jobs for ordinary people. That is what this provides. Every time I buy a $100 soccer jersey for $25 on Ebay from someone in China or Thailand, my first thought is why can't we set this up in Armenia? countless people have found jobs in low and middle income countries across the globe with this model, I don't see why it shouldn't exist in Armenia.

[Haykakan]

Re: Armenia's Economic Pulse

I did not want to start a new thread for this.

ENTIRE TOUMANYAN HOUSE IN TBILISI HANDED OVER TO ARMENIAN DIOCESE

16:24, June 9, 2015

The Tbilisi house where Armenian poet and writer Hovhannes Toumanyan
lived from 1909 to 1923 has been handed over to the Armenian Apostolic
Church Diocese of Georgia.

Four of the six rooms at Amaghleba Street (formerly Davitashvili)
had been turned into a library and were purchased in 2012 by former
Gyumri mayor Vardan Ghoukasyan from a Georgian citizen. The other
two rooms had been in the possession of Toumanyan's heirs.

On June 8 Edvard Militonyan, President of Armenia's Union of Writers,
led a delegation to Tbilisi for the handing over ceremony.

The delegation was joined by Bishop Vazgen Mirzakhanyan, Primate of
the Diocese of Georgia; Karen Melikyan, Advisor to the RA Embassy
in Georgia; and Maghvala Gonashvili, President of Georgia's Union
of Writers.

Militonyan ceremoniously handed the keys of the entire six rooms to
Bishop Mirzakhanyan.

The new cultural and art center will house book readings and
discussions, and other cultural events related to Armenian and
Georgian affairs.

One of the rooms will bear the name of Levon Ananyan, the late former
president of Armenia's Union of Writers, who worked so tirelessly to
obtain the library section of the house.

http://hetq.am/eng/news/60739/entire-toumanyan-house-in-tbilisi-handed-over-to-armenian-diocese.html

[Shant03]

Re: Armenia's Economic Pulse

I'm with Art, it is looked down upon in the international community especially with europe.

[Artashes]

Re: Armenia's Economic Pulse

Police halt production of counterfeit shoes and bags

YEREVAN, June 5. / ARKA /. An Armenian police unit in charge of combating organized crime has halted the operation of an illegal workshop in Yerevan that was producing counterfeit footwear and leather goods of famous world brands.

According to a police statement, they found counterfeit branded shoes and leather bags marked ‘Brioni" Stefano Ricci,"" Zili" and others in a trade center pavilion in Yerevan owned by Carlo Comberzi LLC and in an illegally running workshop at Tychina street.

Overall, the police found 103 pairs of shoes and three leather jackets in the pavilion owned by a Vagharshak Muradyan. It turned out that he set up production in August 2013 without the permission of trademarks rights holders.

He neither ran books to record the commercial activity. The damage was assessed to be 12 million drams (about $26,000). -0-

http://arka.am/en/news/business/police_halts_production_of_counterfeit_shows_and_bags/#sthash.6dZpY9Uc.dpuf

What is the point of this? China has in part built its economy on the sales of fake jerseys, electronics, shoes, etc. All it does is take away employment opportunities from ordinary citizens. I assuming it was done due to international pressure

----? What is the point ...? ----
Because china uses theft to lift itself up, doesn't make that path right or honorable.
We, as a nation and people's need to conduct ourselves decently and not let the corrupt lead us.
The door to creativity is wide open. We could employ those people using our own design/imagination. To copy someone else is the easy path and the wrong path.