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Hayastan or Bust. -
Re: Armenia's Economic Pulse
Armenia posts 2.2% economy growth in Q1 - statistics
YEREVAN, May 29. /ARKA/. Armenia posted a 2.2% economic growth in the first quarter of this year.
According to the preliminary information from the National Statistical Service, the country’s GDP amounted to 873.6 billion drams or about $1.83 billion (the Q1 2015 exchange rate was 477.26 drams per $1).
According to the statistics, the economic growth level was recorded due to 2% industry growth, 4.5% growth seen in agriculture and 3.9% growth in services sector. Construction growth rate was 0.8% in the first quarter.
The budgeted levels were 4.1% for GDP growth and 4% (±1.5%) for inflation for the first quarter of 2015. The Central Bank of Armenia made an upward revision of its economy growth forecast for 2015 to 2.1-2.5%. Yet, many international financial organizations lowered their projections of the Armenian GDP growth.
Many international organizations have recently lowered their economic projections of Armenia’s GDP growth for 2015. In particular, the World Bank says it is 0.8%, EDB’s forecast is 1.6%, ADB’s projection is 1.6%. The IMF expects the Armenian economy to decline by 1% and the EBRD projects a 1.5% decline.
Fitch Agency said in its last review a moderate recession was expected in Armenia in 2015 due to the worsening in Russia. According to Moody’s, Armenian economy will grow by 2.3%. ($1- 479.3 drams).
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Re: Armenia's Economic Pulse
Anyone know how to get a copy?
FIRST GUIDE TO ARMENIAN WINES PUBLISHED
17:27, 05 Jun 2015
Siranush Ghazanchyan
The first "Guide to Armenian Winemaking and Armenian Wines" has been
published with the support of the "Antares" publishing house and the
Armenian Association of Winemakers.
The author of the book Anik Petrosyan says it will provide thorough
information about Armenian wines to tourists.
The publication consists of two parts. The first one presents the
history of Armenian winemaking, the second is dedicated to Armenian
wines.
Head of the "Antares" Media Holding Armen Martirosyan says the guide
is a considerable achievement for presenting Armenia to tourists.
Five hundred copies of the guide have been published. They will be
available in bookstores and will cost 6-7 AMD.
Hayastan or Bust.Comment
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Re: Armenia's Economic Pulse
^ I'd like to purchase a copy as well! Let me know!Comment
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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-
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 pressureComment
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Re: Armenia's Economic Pulse
----? What is the point ...? ----Originally posted by Mher View PostPolice 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-
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
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.Comment
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Re: Armenia's Economic Pulse
I'm with Art, it is looked down upon in the international community especially with europe.Comment
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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.
Hayastan or Bust.Comment
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Re: Armenia's Economic Pulse
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.Originally posted by Shant03 View PostLast edited by Mher; 06-09-2015, 08:42 PM.Comment
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Re: Armenia's Economic Pulse
Originally posted by Mher View PostPolice 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-
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 pressureOriginally posted by Artashes View PostA person sets up shop in Armenia to produce counterfeit merchandise. Said person doesn't pay taxes.Originally posted by Mher View Post
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.Comment
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