Armenia's Economic Pulse

[Haykakan]

Re: Armenia's Economic Pulse

I wonder what it is that the azeris manufacture? I would guess pipes for the oil but that is just a guess. Does anyone know?

[Davo88]

Re: Armenia's Economic Pulse

Apart from pipelines and caviar, they manufacture lies about Armenians and Karabakh, and most importantly, about themselves.

[Muhaha]

Re: Armenia's Economic Pulse

http://www.messenger.com.ge/issues/2167_august_10_2010/2167_econ_three.html

Armenia also faces wheat problems

The current problems in wheat prices have also affected the situation in Armenia. The ban on Russian wheat exports has influenced the world market including Armenia. Armenia imports most of its wheat from Russia – around 400,000 tonnes. Lands sown with wheat in Armenia itself are decreasing. If in 2005 wheat was produced on an area of 132 000 hectares, in 2008 this figure was 93 000. The former chairman of Armenia’s central bank Bagrat Asatrian stated that there is just 2 weeks' worth of wheat reserves in the country. Asatrian believes that the increase in the price of wheat and wheat products in Armenia is also very much dependent on the interests of certain oligarchs; these oligarchs, according to Asatrian, artificially aggravate the situation.

http://www.messenger.com.ge/issues/2167_august_10_2010/2167_econ_three.html

[gegev]

Re: Armenia's Economic Pulse

Armenia also faces wheat problems

The current problems in wheat prices have also affected the situation in Armenia. The ban on Russian wheat exports has influenced the world market including Armenia. Armenia imports most of its wheat from Russia – around 400,000 tonnes. Lands sown with wheat in Armenia itself are decreasing. If in 2005 wheat was produced on an area of 132 000 hectares, in 2008 this figure was 93 000. The former chairman of Armenia’s central bank Bagrat Asatrian stated that there is just 2 weeks' worth of wheat reserves in the country. Asatrian believes that the increase in the price of wheat and wheat products in Armenia is also very much dependent on the interests of certain oligarchs; these oligarchs, according to Asatrian, artificially aggravate the situation.

Why our government is that awkward. Why they didn’t anticipate that as I, an ordinary Armenian, did in my post below in July 2010. I guess they are busy ... taking bribes.

Bad news:

This year is unprecedented in terms of climate cataclysms worldwide. It is clear that this year wheat and other food items harvest will be the lowest for the recent decades.

Therefore I guess our government right now needs to buy wheat and other essential food items, because this autumn most of the food item prices will soar high in skies worldwide, unfortunately.

Buying essential food items right now, increasing strategic reserves, is a must for our government and household.

[londontsi]

Re: Armenia's Economic Pulse

Why they didn’t anticipate that as I, an ordinary Armenian, did in my post below in July 2010.

Probably they did anticipate and bought in the futures market but they will sell it to the public at the current higher and inflated prices.

The word monopolistic oligarchs should give you the clue.

The scourge of the nation.

[retro]

Re: Armenia's Economic Pulse

Ukraine considers cap on wheat exports

By Roman Olearchyk in Kiev

Ukraine, one of the world’s top grain exporters, said on Wednesday it was considering a cap on wheat exports, a move that would put more pressure on surging global grain prices.

The announcement was made after Russia had introxduced a ban on grain exports until the end of the year following the devastation of its crops by the worst drought in a century.

http://www.ft.com/cms/s/0/ca9edeb6-a...44feabdc0.html

I know that both the Europe and the Ukraine have been growing far more wheat in recent years. However the US is still the leading exporter and no doubt will do well out of this crisis.

[londontsi]

Re: Armenia's Economic Pulse

http://hetq.am/en/society/mush-erku/

Ceiling of Glendale Hills Apartment Collapses on Sleeping Couple

For the Melikyan family in Gyumri, the events of last night rekindled horrific memories of the 1988 earthquake. The ceiling of their apartment, in a newly constructed building, collapsed last night at around 1 am, rattling the elderly couple out of bed.

“I awoke from the roar,” said 64 year-old Anjik Melikyan. “I went to see what was happening and the ceiling of the bedroom collapsed in pieces around me.”

Her 74 year-old husband was lucky that none of the falling pieces hit him. The wife was somehow able to get the disabled man out of bed and move him to the kitchen. That’s where they spent the night, afraid to move lest more of the apartment came crumbling down.

The couple have been living in the new apartment constructed by Glendale Hills for about one month. They were one of the first families left in temporary shelter from the 1988 earthquake to get one of the new apartments, allegedly built to required standards

They moved in without any water, gas or electric utilities hooked up, thinking these services would be provided in time. They have sold the “tnak” (hut) they used to live in and now have nowhere to go.

“I regret that I ever sold that place,” said the woman, evidently annoyed at what had happened. “Who will clean up this mess” Even if it is repaired, I am afraid to stay here. If you were in my shoes, would you want to live here?”

Their upstairs neighbours haven’t yet moved in and Mrs. Melikyan cowers at the thought as to what would have happened last night if they had. “Perhaps all their furniture would have come crashing down on us,” she said.

She says that representatives of Glendale Hills have inspected the damage and have promised to make the necessary repairs. People from the Gyumri mayor’s office have also visited.

“They told us that these are solid buildings. Is this what they mean by solid?” Mrs. Melikyan asked.

[Haykakan]

Re: Armenia's Economic Pulse

Times.am, Armenia
Aug 22 2010


Armenia to import wheat from Iran instead of Russia


By Times.am at 22 August, 2010, 10:56 am
Following the bar on the export of wheat from Russia until the end of
the year, Armenia showed keenness to import wheat from Iran, Tehran
Times reported.

Extreme heat and draught in Russia has dried some 20 percent of
agricultural land there and forbidden any export of wheat from that
country. This, in turn, has led to the increase in the price of wheat
in Armenia which imports its wheat mainly from Russia.

Armenia produces only 200,000 tons of its annual 700,000 tons wheat
consumption. Due to the cordial relations and trade ties Armenia has
with Iran the country want to import the wheat it needs from the
Islamic Republic

/Times.am/

[Muhaha]

Re: Armenia's Economic Pulse

http://www.azatutyun.am/content/article/2137541.html

Karabakh Official Downplays Shortfall In U.S. Aid

Armenia -- The parliament building in Nagorno-Karabakh's capital Stepanakert, undated

A senior Nagorno-Karabakh official on Wednesday downplayed the U.S. State Department’s apparent failure to deliver much of direct U.S. economic and humanitarian assistance to the disputed region that has been allocated by Congress.

U.S. legislators have allotted a total of $61 million in such assistance since 1998, ignoring White House objections and vehement protests from Azerbaijan. Armenian-American lobby groups have been instrumental in the aid allocations.

According to one of them, the Armenian National Committee of America (ANCA), less than $36 million of that aid has actually been expended by the U.S. government so far. In a statement issued this week, ANCA Chairman Ken Hachikian expressed serious concern at the “failure of successive administrations to honor the clear intent of Congress that this vital assistance program be properly funded and fully implemented.”

Hachikian blamed the State Department for the delay. “The State Department’s willful obstruction is all the more outrageous, given the longstanding blockades by Turkey and Azerbaijan in violation of international law,” he said.

Nagorno-Karabakh’s ethnic Armenian leadership seems far less unhappy with the shortfall. “Before expressing concern, I think one must emphasize the fact that the U.S. government has directly provided assistance to Nagorno-Karabakh,” Vahram Atanesian, the chairman of the Karabakh parliament’s committee on foreign relations, told RFE/RL’s Armenian service. He said the very fact of the United States directly helping the self-proclaimed republic not recognized by any country is “exceptional” in itself.

Atanesian suggested that the delay may be linked with economic growth in Karabakh that has averaged 12 percent per annum in recent years. “That is not a secret to the United States,” he said.

The Karabakh official at the same time commended the ANCA and other Armenian-American groups for pressing U.S. administrations to assist in the territory’s reconstruction and development. “They are trying to create a proper atmosphere in the United States so that the U.S. government pays greater attention to Armenia and Nagorno-Karabakh,” he said.

http://www.azatutyun.am/content/article/2137541.html

[retro]

Re: Armenia's Economic Pulse

Armenia produces only 200,000 tons of its annual 700,000 tons wheat
consumption. Due to the cordial relations and trade ties Armenia has
with Iran the country want to import the wheat it needs from the
Islamic Republic

Neglecting food secuity isn't smart and Armenia needs to grow more wheat and provide Armenian famers with subsidies.