Yerevan, 19.August.2017,
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Economy

Head of Customs Service replaced
With the decision of the Armenian prime minister Karen Karapetyan, Arthur Afrikyan has been removed from the post of he first deputy chairman of the State Revenue Committee. Afrikyan was in charge of Customs Service. According to Nyut.am source, he will be replaced by head of the Ararat regional customs office Samvel Avetikyan. This replacement by the premier was expected. With it the changes of the economic sector have been summed up.  
New government plan lacks concrete figures - economist
Our guest is economist Vilen Khachatryan. - In your opinion what plan the government has presented? - As compared with the previous ones this plan has new initiatives. But as an economist I would like to see certain figures like the growth of GDP or economy, or what percent of reduction of unemployment rate will be registered. The plan does not present any figures. Probably while making the plan they avoided from concrete numbers so that there will not be any responsibility in future or they h...
Karen Karapetyan’s government plan includes points forwarded by first president
The Armenian National assembly discussed today the government plan. Before it the project was discussed on October 17 at the Republican party Executive Body meeting. An interesting circumstance has been noticed – the government action plan includes two points fixed as a priority in Levon Ter-Petrosyan’s economy restoration plan. One of them refers to the elimination extra budget means and funds of ministries and other state institutions and ratification UN Anti-Corruption Convention...
President of Armenia participates in "Armenia: Investment Conference 2016"
President Serzh Sargsyan, who is in the United States to attend the annual business conference Armenia Forum-2016, has delivered a speech at the meeting to highlight Armenia’s economic advantages for businesses. Below is the full text of his address published by the presidential press office. Dear Chairman Kuhn,Distinguished Guests,Ladies and Gentlemen, I am delighted to greet you all at this landmark event, which comes at a symbolic time for Armenia and Armenians around the globe. Havi...
Cabinet to be driving force to promote changes - Serzh Sargsyan
Armenian President Serzh Sargsyan on Thursday urged the newly appointed prime minister to step up the country's economic development, promising to ensure coordinated work by all the government bodies. In his speech at the cabinet meeting, the president noted that the reforms necessitated by the recent constitutional changes have practically got underway, obliging the cabinet to be the driving force to promote the drastic changes. “Obviously, a top priority in [government] admin...
Vigen Sargsyan appointed Defense Minister
With presidential decrees Vigen Sargsyan has been appointed Armenia's Defense Minister, Edward Nalbandyan Foreign Affairs Minister and Armen Gevorgyan head of President's staff. Yuri Khachaturov has been appointed National Security Council Secretary and Movses Hakobyan has been appointed Armenia's Armed Forces General Headquarters head.  
Construction of Armenian-Iranian railway serious project
The Armenian-Iranian cooperation projects may be divided into two packages. The first one includes projects that are already being realized like construction of the third high-voltage electricity wire. In case of its succesful implementation the volume of electrocity from Armenia to Iran will grow, expert Vardan Voskanyan said speaking to Nyut.am. The second package includes projects that are being discussed like for instance the creation of free economic zone in Meghri. The biggest project tho...
Armenian president signs decrees to appoint ministers
As part of the new cabinet formation process following the prime minister’s replacement, President Serzh Sargsyan on Tuesday signed decrees to appoint ministers. According to an official statement by the Armenian leader’s press office, four ministers have been so far replaced. Ashot Manukyan was appointed as Minister of Energy and Natural Resources. Ignaty Arakelyan is the new minister of agriculture; Vahan Martirosyan will head the Ministry of Transport and Communication. Vache Ga...
Not all happy with Karen Karapetyan’s appointment
Karen Karapetyan’s entry to the Armenian politics was quite impressive and at the same time directing to certain conclusions. NA speaker, ministers have not congratulated Karapetyan on his appointment. Besides, during the appointment of previous two premiers the latter were introduced by the president while Karapetyan came to the first cabinet session alone. The only person to congratulate Karapetyan was Yerevan Mayor Taron Margaryan. According to political technologist Karen Kocharyan th...
New PM’s assignment inspires hope – Vardan Bostanjyan
Obviously the new prime minister is going to work over reduction of gas tariff, economist Vardan Bostanjyan said speaking to Nyut.am. “At yesterday’s cabinet session, the prime minister made it clear to competent bodies. Such assignment at the first sitting of the cabinet means that he is well aware of what happens in the sphere and of people’s dissatisfaction. It is not excluded that soon we will witness diversification in the gas sphere. I am inclined to think that the gas t...
Three years of membership to EEU brings no good to Armenia
Three years ago Serzh Sargsyan made a decision on Armenia’s entrance to the Eurasian Economic Union. What achievements have we reached during this period? Nyut.am asked the question to economist Vardan Bostanjyan. “Among the achievements we can stress Armenia’s wish not to irritate the northern neighbor. But how big achievement we may consider it, I cannot say. Besides, during these three years we did not have any limitations on export of Armenian products. At the same time we...
US jobs growth beats forecasts in July
The US economy added a stronger-than-expected 255,000 jobs in July, fuelling speculation that interest rates could rise before the end of the year. The figure was below June's upwardly revised figure of 292,000 jobs, but was far higher than analysts' forecasts of between 175,000 and 180,000. The US unemployment rate remained unchanged at 4.9%. Dennis de Jong from UFX.com said July's figure reveals a "strong but not spectacular US economy". He said the number "represents more of a return to t...
Hackers change direction of Azerbaijani gas from Turkey to Russia
A group of hackers has broken the system of gas pipelines going from Azerbaijan to Turkey through Georgian territory and changed the route of the natural gas in the direction of Russia. It was stated by head of cyber security conception of Czech Republic Ales Stidla. It is not clear for how long the gas direction has been changed. Stilda said that after the incident has been revealed more than two weeks have been needed to “redirect” the gas to Turkey. Czech specialist said there is...
Import volume mistakenly raised by 191 million USD
According to State Revenue Committee the import volume has grown by 191 million USD. Economist Vilen Khachatryan said speaking to Nyut.am that there is no economic explanation to it. “This “mistake” is more intended than accidental. Two companies have presented tax declarations on 30 billion instead of 30 million USD as a result of which the import volume has sharply grown to 455 million USD. The economist said that these companies have presented such wrong information intentio...
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