Armenia's Economic Pulse

[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.

[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

[londontsi]

Re: Armenia's Economic Pulse

[londontsi]

Re: 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/

[Federate]

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...conomic-union/

Great stuff. Looks like the EEU may become more economically worthwhile in the long run than many thought.

[Haykakan]

Re: Armenia's Economic Pulse

Great stuff. Looks like the EEU may become more economically worthwhile in the long run than many thought.

I have been saying this since the start but people are way too brainwashed by western media to even consider anything beyond what the news tells them.

Here is some more encouraging news.

ARMENIAN GOVERNMENT TO COME OUT WITH STATEMENT ON ARMENIA IRAN RAILWAY LINK, MINISTER SAYS

YEREVAN, June 22. / ARKA /. The government of Armenia is very likely
to come out with a statement soon to clarify its position on a
project calling for construction of a railway linking Armenia with
Iran, Armenian deputy minister of transport and communication Artur
Arakelyan said to parliament on Monday.

He said the project is very important for the government which will
make a clear statement to that end.

He, however, noted that the most important condition for the beginning
of the construction of the railway is the lifting of economic sanctions
from Iran.

According to earlier media reports, Vladimir Yakunin, the chief of
Russia's state-run rail network RZhD spoke against the construction
of the Armenia-Iran railway saying it would not be commercially viable.

RZhD manages the South Caucasus Railways, a company operating Armenia's
railroads.

Yakunin's words caused uproar in Armenia making RZhD to come out with
an official statement saying it considers the construction of e Iran -
Armenia railway very important from the geopolitical point of view,
but its implementation is difficult without government support.

The agreement on the construction of the rail link was approved by
Armenian and Iranian governments in 2009. In 2012, the Dubai-based
Rasia FZE Investment Company was granted a 50-year concession by the
Armenian government to build and manage the 305-kilometer railway
from Armenia to Iran, to be named the Southern Armenian Railway (SAR).

By late 2013 Rasia FZE developed a feasibility study for the project,
estimated to cost $3.5 billion. The high cost is explained by
mountainous terrain through which it is supposed to pass.

Specifically, the 305 km-long railway will have 19.6 km-long 64
bridges and 60 tunnels of 102.3 kilometers.

The railway is to run from Gagarin station in Armenia's Gegharkunik
province to Agarak in southern Syunik and may transport up to 25
million cargos a year.

According to an Armenian government statement, the Southern Armenia
Railway will create the shortest transportation route from the ports
of the Black Sea to the ports of the Persian Gulf and establish a
major commodities transit corridor between Europe and the Persian
Gulf region." .-0-

http://arka.am/en/news/economy/armenian_government_to_come_out_with_statement_on_armenia_iran_railway_link_minister_says/#sthash.IdeGHXDm.dpuf

[Mher]

Re: Armenia's Economic Pulse

Armenian Agricultural Exports Surge In 2015
Հրապարակված է՝ 06.07.2015

Exports of Armenian agricultural products soared by more than 55 percent in physical terms in the first half of this year, reflecting a bumper harvest of apricots and other fruits, according to official statistics released on Monday.

Data from the Ministry of Agriculture shows that Armenia exported just over 40,000 metric tons of fruits and vegetables, up from 25,700 tons in the same period last year.

Apricots accounted for more than one-third of this figure. Their first-half sales abroad were up more than tenfold year on year, the official figures show.

Armenian apricot production collapsed from almost 90,000 tons in 2013 to just 8,000 tons in 2014, owing to a devastating spring blizzard. Agriculture Minister Sergo Karapetian predicted last month it will surpass the 2013 level this year thanks to very favorable weather conditions.

Karapetian said that Armenia’s recent accession to the Russian-led Eurasian Economic Union (EEU) paved the way for “large-scale exports” of apricots and other agricultural produce to Russia, their main market abroad.

They will also be facilitated by a Russian ban on food imports from the United States and Europe which Moscow imposed last August in retaliation for Western economic sanctions. On the other hand, export revenue from Armenian farming output will be dragged down by last year’s sharp depreciation of the Russian ruble.

Although the Ministry of Agriculture did not estimate the monetary value of the agricultural exports, the rapid growth of their physical volume is certain to boost Armenia’s overall agricultural output. With agriculture generating roughly one-quarter of Gross Domestic Product, that could in turn reflect positively on the country’s broader macroeconomic performance.

The Armenian government has insisted in recent weeks that the domestic economy will continue to grow this year despite spillover effects of a recession in Russia. The International Monetary Fund, for its part, has forecast zero growth for the country in 2015.

http://www.azatutyun.am/content/article/27112802.html

Combination of good policy and very good fortune. This is the reason in spite of all organizations predicting a recession this year, we will probably see annual positive GDP growth

[Haykakan]

Re: Armenia's Economic Pulse

Armenian Agricultural Exports Surge In 2015
Հրապարակված է՝ 06.07.2015

Exports of Armenian agricultural products soared by more than 55 percent in physical terms in the first half of this year, reflecting a bumper harvest of apricots and other fruits, according to official statistics released on Monday.

Data from the Ministry of Agriculture shows that Armenia exported just over 40,000 metric tons of fruits and vegetables, up from 25,700 tons in the same period last year.

Apricots accounted for more than one-third of this figure. Their first-half sales abroad were up more than tenfold year on year, the official figures show.

Armenian apricot production collapsed from almost 90,000 tons in 2013 to just 8,000 tons in 2014, owing to a devastating spring blizzard. Agriculture Minister Sergo Karapetian predicted last month it will surpass the 2013 level this year thanks to very favorable weather conditions.

Karapetian said that Armenia’s recent accession to the Russian-led Eurasian Economic Union (EEU) paved the way for “large-scale exports” of apricots and other agricultural produce to Russia, their main market abroad.

They will also be facilitated by a Russian ban on food imports from the United States and Europe which Moscow imposed last August in retaliation for Western economic sanctions. On the other hand, export revenue from Armenian farming output will be dragged down by last year’s sharp depreciation of the Russian ruble.

Although the Ministry of Agriculture did not estimate the monetary value of the agricultural exports, the rapid growth of their physical volume is certain to boost Armenia’s overall agricultural output. With agriculture generating roughly one-quarter of Gross Domestic Product, that could in turn reflect positively on the country’s broader macroeconomic performance.

The Armenian government has insisted in recent weeks that the domestic economy will continue to grow this year despite spillover effects of a recession in Russia. The International Monetary Fund, for its part, has forecast zero growth for the country in 2015.

http://www.azatutyun.am/content/article/27112802.html

Combination of good policy and very good fortune. This is the reason in spite of all organizations predicting a recession this year, we will probably see annual positive GDP growth

This is exactly what I was talking about when we were discussing EEU membership and its economic implications. As you can see there is a nich for Armenia here and a very beneficial one.

[Haykakan]

Re: Armenia's Economic Pulse

Armenia should rely on Chinese investment for Armenia -Iran railway link, expert says







Armenia should rely on Chinese investment for Armenia -Iran railway link, expert says


YEREVAN, July 15. / ARKA /. If Armenia and Iran start the construction of a railway to link their countries they can rely on Chinese investment, Vardan Voskanyan, head of Iranian Studies Chair at Yerevan State University said today.

He said Iran will step up its involvement in this project only in case of obtaining additional financing opportunities, which could come together with increasing exports of oil following the lifting of Western sanctions.

Iranian officials used to express Tehran’s commitment to build an 80 km-long link connecting Iran’s existing railroad network to the Armenian border, however a considerably larger investment would be required to carry out the construction on the Armenian side.

The agreement on the construction of the rail link was approved by Armenian and Iranian governments in 2009. In 2012, the Dubai-based Rasia FZE Investment Company was granted a 50-year concession by the Armenian government to build and manage the 305-kilometer railway from Armenia to Iran, to be named the Southern Armenian Railway (SAR).

By late 2013 Rasia FZE contracted the China Communications Construction Company (CCCC) to develop a feasibility study for the project, estimated to cost $3.5 billion. The high cost is explained by mountainous terrain through which it is supposed to pass. Specifically, the 305 km-long railway will have 19.6 km-long 64 bridges and 60 tunnels of 102.3 kilometers.

The railway is to run from Gagarin station in Armenia’s Gegharkunik province to Agarak in southern Syunik and may transport up to 25 million cargos a year.

According to an Armenian government statement, the Southern Armenia Railway will create the shortest transportation route from the ports of the Black Sea to the ports of the Persian Gulf and establish a major commodities transit corridor between Europe and the Persian Gulf region.” There were media reports saying Chinese companies were ready to finance 60% of the project.-0-



18:09 15.07.2015
- See more at: http://arka.am/en/news/economy/armen....YKQoSxVT.dpuf