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Armenia's Economic Pulse

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  • Re: Armenia's Economic Pulse

    Politics is not about the pursuit of morality nor what's right or wrong
    Its about self interest at personal and national level often at odds with the above.
    Great politicians pursue the National interest and small politicians personal interests


    • Re: Armenia's Economic Pulse


      18:11, 10 Feb 2015
      Siranush Ghazanchyan

      Egypt has reached a free trade zone agreement with the Eurasian
      Economic Union (EEU), Egyptian President Abdel Fattah Sisi said
      Tuesday, RIA Novosti reports.

      "We have reached an agreement to establish a free trade zone between
      Egypt and the Eurasian Economic Union," Sisi said.

      There was more than $4.5 billion of trade between Russia and Egypt
      in 2014, a more than 80 percent increase on the year before, said
      President Putin.
      Hayastan or Bust.


      • Re: Armenia's Economic Pulse

        Gasoline prices in Armenia fall by almost 10 %

        17:09, 11.02.2015
        Theme: Economics

        YEREVAN. – The gasoline prices in Yerevan fell by almost ten percent making 450-460 drams per liter as compared to previous 490-500.

        The prices for regular and premium gasoline fell to 430 and 450 drams in CPS filling stations, deputy president of CPS, one of the largest oil traders in Armenia, Yura Yeghoyan told Armenian

        “I can't say how long the low price will be preserved. This depends on prices of our suppliers,” he said.

        Asked whether the decrease in prices is lined to the offer from “Rosneft Armenia” company that is selling Russian petrolium products in Armenia, Yegoyan said: “Yes, we get them from Rosneft. Everythingt depends on price.”


        • Re: Armenia's Economic Pulse

          I can't understand why the oil barrel price has dropped so much effecting the globe.....anyone know what has caused it?
          B0zkurt Hunter


          • Re: Armenia's Economic Pulse

            Originally posted by Eddo211 View Post
            I can't understand why the oil barrel price has dropped so much effecting the globe.....anyone know what has caused it?


            • Re: Armenia's Economic Pulse

              Originally posted by Eddo211 View Post
              I can't understand why the oil barrel price has dropped so much effecting the globe.....anyone know what has caused it?
              Originally posted by Artashes View Post
              Also the potential of geopoliticle manuevering ... USA manipulators can afford to drive prices down because of N Dakota/Canadian frack oil boom and they know this hurts Russia.
              Under normal practice this group would fraudulently keep prices high, but to hurt Russia they've flooded the market.


              • Re: Armenia's Economic Pulse

                Originally posted by Artashes View Post
                Also the potential of geopoliticle manuevering ... USA manipulators can afford to drive prices down because of N Dakota/Canadian frack oil boom and they know this hurts Russia.
                Under normal practice this group would fraudulently keep prices high, but to hurt Russia they've flooded the market.
                There is also reduced demand because of the weaknesses in the world economy created by the last financial disaster.
                Hayastan or Bust.


                • Re: Armenia's Economic Pulse

                  Armenia’s foreign trade shrinks 30.4% in January 2015

                  YEREVAN, February 20. /ARKA/. Armenia’s foreign trade turnover shrank 30.4% in January 2015, compared with January 2014, to $272.5 million, the National Statistical Service of Armenia reports.

                  According to the statistical report, the country’s exports totaled $75.6 million in January 2015 showing a 21.9% year-on-year decline, and imports $196.9 million – a 33.2% decline.

                  As a result, negative balance amounted to $121.3 million in January 2015. --0-----

                  <<եթե զենք էլ չլինի' ես քարերով կկրվեմ>>


                  • Re: Armenia's Economic Pulse


                    YEREVAN, February 24. /ARKA/. Eurasian Development Bank's Anti-crisis
                    Fund will lend $150 million to Armenia for construction of North-South
                    motor road, Dmitry Pankin, chairman of the bank's board, said Wednesday
                    at an online conference.

                    In his words, the deal is already formalized and the money will be
                    sent to Armenia soon.

                    <<This is a 560-kilometer motorway, which will cross Armenia's entire
                    territory and will connect Iran, Armenia, Georgia and Russia,>>
                    he said.

                    Pankin stressed that this is one of the six investment projects
                    that are already approved and waiting for implementation by the
                    Anti-crisis Fund.

                    After settlement of technical matters and ratification of the
                    agreement the financial resources are planned to be transferred to
                    Armenia in 2015.

                    On January 14, 2010, the Armenian government approved the investment
                    program on construction of the North-South transport corridor as well
                    as $500-million loan agreement between Armenia and Asian Development

                    The goal of the project is to upgrade Armenia's main corridor road as
                    part of a broader thrust to improve connectivity, and boost trade,
                    growth and livelihood opportunities in the Caucasus and Central
                    Asia sub-regions.

                    The transport corridor will stretch from the southern Armenian town of
                    Meghri, on the border with Iran, to Bavra in the north on the border
                    with Georgia.

                    The North-South transport corridor will enable Armenia to mitigate
                    the effects of the blockade imposed by Azerbaijan and Turkey.

                    The Anti-crisis Fund's investments total $2.63 billion, of which $190
                    million will be lent to Armenia under two approved projects. The
                    Anti-crisis Fund amounting to $8.513 billion was established by
                    six countries - Armenia Belarus, Kazakhstan, Kyrgyzstan, Russia
                    and Tajikistan.

                    The fund's main goal is to assist the member countries in overcoming
                    consequences of crises, strengthening their economies and developing
                    integration processes.

                    In June 2009, the countries empowered the Eurasian Development Bank
                    to run the fund's financial resources. ---0---

                    Hayastan or Bust.


                    • Re: Armenia's Economic Pulse

                      This is why I have been for Armenia joining the EEU.


                      Published time: February 26, 2015 11:30
                      Edited time: February 26, 2015 12:09

                      Reuters/Ahmad Masood

                      India is to start negotiating a free trade agreement with the Customs
                      Union of Russia, Belarus and Kazakhstan within the next six months,
                      Indian Deputy Minister of Commerce and Industry Rajeev Kher has said.

                      A Russian-Indian working group which was established in November 2014
                      will consider the negotiating of a comprehensive free trade agreement
                      between India and the Customs Union.

                      Kher said the working group would put forward proposals within the
                      next six months and the negotiating process would start after that,
                      TASS reports.

                      As most of the developed world in the West is suffering an economic
                      downturn, the developing world has been stepping up efforts to bring
                      their economies closer.

                      Russia ratifies $100bn BRICS New Development Bank

                      Most recently, China said it could establish a free trade zone with
                      a broader Russia-led economic bloc that also includes Armenia and is
                      expected to include Kyrgyzstan soon.

                      READ MORE: China and Russia-led Eurasian Economic Union may set up
                      free trade zone

                      The Eurasian customs union is a regional bloc that includes Russia,
                      Belarus and Kazakhstan aimed at creating a single economic space with
                      common tariffs. The group has a population of 168 million people and
                      a GDP of more than $2 trillion.

                      The BRICS countries which include Brazil, Russia, India, China and
                      South Africa will also have established by the end of the year the $100
                      billion New Development Bank, as a rival to the IMF and the World Bank.
                      Hayastan or Bust.