Posts Tagged ‘Industry’
Armenia’s GDP increased by 5.5% in Q1 2010
RA National Statistical Service (NSS) publicized information about the socio-economic situation in Armenia in Jan-March, 2010. In Jan-March, 2010 Armenia’s GDP increased by 5.5% compared with the same period last year. According to statisticians, GDP per capita made nearly AMD 175.000 ($455 or [...]
U.S. government provides 50 tractors to Armenian farmers
April 22, for a few hours, farmer Henrik Yeghyazaryan’s plot at the entry to Dmitrov community (Ararat marz) became the site for signing leasing agreements by farmers who took possession of 50 tractors. The occasion was made possible by Farm Credit Armenia (FCA), one of the ten credit providers [...]
Armenia’s foreign trade turnover 29% up
Armenia’s foreign trade turnover showed a 29% increase in the first quarter of 2010 as compared with the corresponding period last year. Last year a consistent upward trend in the foreign trade turnover was halted, and the country’s foreign trade turnover showed a 27% decrease. Imports [...]
Toyota not to recall vehicles from Armenia
Toyota Motor Corporation did not send official message to Armenian representative Toyota-Yerevan for vehicles recalling, company’s manager Sergo Elbakyan told commenting on “Toyota Motors” decision to recall around 34.000 SUVs Lexus Land Cruiser Prado from several [...]
Government vs. price rise: will it weather the storm?
Gas users have not yet received their gas bills for this April from the ArmRusgasprom CJSC, but commercial companies have jacked up their prices. Gas-filling stations proved to be “pioneers” in this fishy business. They were about to raise condensed gas prices, but, pressured by indignant [...]
ABD forecasts 2% economic growth for Armenia
Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, the Asian Development Bank (ADB) says in a new major report. ADB's annual flagship economic publication, Asian Development Outlook 2010 (ADO 2010), released today, [...]
Armenian real estate market awaiting “better times”
President of Akcern real estate corporation Hakob Baghdasaryan said that currently Armenia’s real estate market is in wait state and there are not apparent signs of activity. “In my opinion, people need some six months to conceive that the crisis has been overcome,” Baghdasaryan told a [...]
AGIP likely to be implemented earlier than Nabucco
April 13, Romania, Azerbaijan and Georgia signed a memorandum of understanding on cooperation in gas sector. AGIP project implementation (Azerbaijan-Georgia-Romania Interconnector) will allow Caspian gas supply to Europe from Azerbaijan to Romania via Georgia. According to Romanian Economy [...]
Nord Stream pipeline construction launched
Solemn events timed to the start of Nord Stream trans-Baltic pipeline construction took place on April 9 on Russia’s Baltic Sea coast near the town of Vyborg. RF President Dmitry Medvedev, Gazprom CEO Alexey Miller and Hans-Ulrich Engel — BASF Member of the Board of Executive Directors and [...]
Armenia’s foreign debt will grow: IMF
International Monetary Fund (IMF) office in Armenia will shortly publish a report with forecasts for 2010 – Armenia will register an economic upturn of 1.8% and inflation of 6.2%, IMF resident representative in Armenia Guillermo Tolosa told journalists today, April 9. As for the foreign debt [...]
