Yerevan, 21.February.2018,
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Economy

President Sargsyan receives members of Intergovernmental Council of EEU
President Serzh Sargsyan received today members of the Intergovernmental Council of the Eurasian Economic Union (EEU) and Chairman of the EEU Board Tigran Sarkissian, who have arrived to Armenia to participate in the meeting of the Intergovernmental Council of the EEU. The President welcomed the guests to Armenia. Underscoring that the meeting of the Intergovernmental Council of the EEU is being held in Armenia for the first time, President Sargsyan expressed confidence that it will be produc...
Armenian President, Russian premier discuss EEU cooperation issues
President Serzh Sargsyan received today the Chairman of the Government of the Russian Federation Dmitry Medvedev, who has arrived to Armenia to participate in the regular meeting of the Intergovernmental Council of the Eurasian Economic Union. The President of Armenia welcomed the visit of the Prime Minister of the Russian Federation, which is taking place in the framework of the Yerevan session of the EEU Intergovernmental Council and expressed hope that the visit will be productive. “Du...
Russians buy production wastes of Armenian mines for their reprocessing
The thirst of owners of our mines to get quick money deprives them of the opportunity to earn more. Together with gold, they are giving the buyers precious metals while taking money only for gold. No one wanted to believe professor Hrachik Avagyan, who wrote that as a result of barbaric exploitation of mines Armenia losses 31 billion USD a year. But it appeared that the foreign millionaires are investing in the production wastes of Zangezur copper-molybdenum plant 240 million USD to get permiss...
Specialist claims Armenia losses 31 billion US dollars a year as a result of bar...
Biggest specialist in mine industry, professor Hrachik Avagyan has conducted a huge research work during the recent years. In its latest work which consists of 150 pages he came to sensational conclusion. No one has dared to publish this work. Unfortunately the author passed away two months ago. Avagyan came to the conclusion that as a result of barbaric exploitation of mines we are losing more than 31 billion US dollars in a year. The losses during the incomplete mining are not being calculat...
Russian gas price to be set after negotiations – PM
As a result of negotiations of relevant institutions of Armenia and Russia it will become clear how much the price for the Russian gas will go down, Prime Minister Hovik Abrahamyan said speaking to reporters. “The issue was discussed with the Russian president during the visit of Serzh Sargsyan to Moscow. The corresponding institutions have been assigned to start negotiations. The price will be reduced but for how much it will become clear after the negotiations,” Hovik Abrahamyan s...
Control Chamber has new vice-chairman
During the negotiations between the ruling party and Armenian Revolutionary Federation-Dashnaktsutyun on creation of coalition the ARF-D claimed not only ministerial and governors’ portfolios but also wanted to get the post of the chairman of the Control Chamber. President Serzh Sargsyan though refused to sack current chairman Ishkhan Zakaryan and offered the ARF-D post of vice chairman of the CC which became vacant after the appointment of Levon Yeolyan in other post. The ARF-D proposed ...
Gas price for Armenia to remain unchanged
Armenian government approved the bill on making changes in the agreement on Russian gas supply to Armenia. The changes refer to price formation. The deputy energy and natural resources minister Iosif Isayan said that according to the new agreement the price for Armenia in the period from January 1 till March 31, 2016 will make 165 USD like the previous year. He said the signed contracts will promote the mutually beneficial cooperation between the two countries and create favorable conditions fo...
Authorities again lie to people – economist
Armenia’s Energy and Natural Resources Minister Yervand Zakahryan stated recently that Armenia’s government is taking loan from the World Bank to pay off Electricity Networks of Armenia company’s debt. The loan will be taken for 30 years with 1.5% interest rate. The 14 years will be with privileged conditions. The company in its turn cameupwith response stating that the loan has nothing to do with them. Economist Vahagn Khachatryan speaking to Nyut.am did not exclude that taki...
Pavel Safaryan to be replaced by Armen Alaverdyan
Not so long ago first vice finance minister Pavel Safaryan stated that the last year’s tax plan has not been fully implemented with the deficit making 80 billion drams that is why the parliament attracts loans. The statement has been sharply received at the presidential residence. According to Nyut.am sources during these days Safaryan will be sacked and replaced by Armen Alaverdyan.
Armenia to manage throw away Turks from Russian market
PhD on technical studies Vahan Hamazaspyan and PhD candidate Rudolf Hunanyan told the reporters today about new Armenian-Iranian program of re-processing of agricultural products with the use of sun energy. “Within the framework of this product we want to create enterprises in Armenia and Iran that will work with sun energy. For instance we can open about 500 such enterprises in Armenia and Artsakh. The main issue today is to discuss the program with the government,” Hamazaspyan sai...
Working in Russia not beneficial any more – Gagik Makaryan
The devaluation of the national currency usually promotes the development of export. The same will happen in Russia and the raise of the import of the Russian production to Armenia testifies it, chairman of the Union of Armenian Employers Gagik Makaryan told Nyut.am. He said that it is beneficial for Armenia as well because the products are cheap and of good quality. Makaryan though said that the problem is that the devaluation of the ruble makes it difficult for our exporters to work in the Ru...
Labor and Social Affairs Minister wraps up the year
Wrapping up the passing year Labor and SocialAffairs Minister ArtemAsatryan said that the 2015 has registered remarkable results as a result of the implementation of a number of programs. “The system reforms in the insurance sphere continued.A great legislative work has been carried out. New social programs have been implemented,” the minister said. Referring to the programs in social and employment sphere, the minister stressed that with the decree of the government a monitoring is...
Armenia may satisfy Russia’s demand of products and construction works
Armenia may benefit not only from Russian sanctions against Turkey, but it can satisfy Russia’s demand for agricultural products, economist Vilen Khachatryan told Nyut.am. The expert said that during the last 10-15 years Turkey carried out about 900 big construction projects in Russia. Today the way to Russia is closed for Turkish constructors and the Armenian specialists may again benefit. Vilen Khachatryan also noted that the worsening of the Russian-Turkish relations may somehow weake...
Armenia can help Russia satisfy its demand for agricultural products – economist
As a result of economic sanctions exposed by Russia against Turkey, Armenia may appear in a favorable situation, economist Vardan Bostanjyan told Nyut.am. He said Russia has a big market that will need a demand especially for agricultural products. “Armenia will not be able to completely satisfy the demand but it may raise its production level which will to be a good step for our country,” the economist said. He said it is a mechanical process and demands successive and complex wor...
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