Economy

Member of the Armenian National Congress’ committee on economic issues, former chair of the Central Bank, Bagrat Asatryan, in response to a question by Tert.am at a press conference today, said that the decline in the economy will continue in the coming year. “We are going to be dealing with a ... [full story]

Economist Andranik Tevanyan says his and other analysts’ predictions from months ago came true when this week when Armenia had its “Black Tuesday”, as the Armenian dram devalued by 22 percent in a matter of hours and prices of goods rose an equivalent amount. A few weeks ago Tevanyan ... [full story]

As tensions between Turkey and Armenia have been slightly reduced as a result of football game between the two countries, businessmen are feeling encouraged to participate in joint projects, Referans Turkish newspaper reports. “The Turkey-Armenia match has given us hope. Production projects have gathered pace. Some day, it may ... [full story]

The Armenian news agency is reporting that K-Telecom, which trades under the VivaCell brand, is aiming to launch its 3G network in the early part of 2009. K-Telecom, a subsidiary of Russian mobile operator Mobile TeleSystems (MTS), is initially planning to launch with 3G coverage in the capital Yerevan and ... [full story]

Thanks to VivaCell AMD 29.176 million donation, the secondary school of the village of Urtsadzor is now renovated. New windows and doors are installed, and the school is provided with new tables and chairs. A gas pipeline has been built, which will serve not only the school, but the whole ... [full story]