By Eva Sahakyan YEREVAN, August 10–The Armenian Diaspora has great potential for the development of tourism in Armenia, the Armenian Prime Minister Tigran Sarkisian said in his interview to National Geographic Traveler. He mentioned that for the last ten years the number of tourists visiting Armenia has greatly increased and a large number of tourists [...]

By Eva Sahakyan YEREVAN, August 9–According to Prime Minister Tigran Sarkisian, the tendencies of the first half of 2010 show that the construction sphere in Armenia is gradually recovering from crisis. “It’s not a secret that 2009 was a year of serious trials, first of all for the construction sphere. We had a decrease in [...]

By Alexander Tagvoryan YEREVAN, August 6–In January-June 2010, $616.9 million was transferred in remittances to Armenia through the banking system, the Central Bank of Armenia reports. According to the Central Bank, this figure has increased over the same period of 2009 by 3 percent (or $17.7 million). The largest remittances were sent from Russia with [...]

By Eva Sahakyan YEREVAN, August 5–In Armenia the grape harvest in 2010 is expected to exceed last year’s indicator by 7,000 tons. According to the Armenian Ministry of Agriculture, the harvest in 2009 amounted to about 200-205,000 tons, exceeding the 2008 indicator by 20,000 tons. On August 4 the Armenian Ministry of Agriculture paid a [...]

By Eva Sahakyan YEREVAN, August 5–Cognac production in Armenia in January to June increased by 38.2 percent compared with the same period in 2009, according to the National Statistical Service of Armenia. A  32.3 percent growth in wine production for the first six months of this year was also reported. The production of sparkling wine also went [...]

By Alexander Tagvoryan YEREVAN, August 3–In the second half of 2010, the average nominal monthly salary in Armenia will increase by eight percent. This increase will be achieved due to the growth of salaries in the organizations with budgetary financing and private sector organizations, the program of the monetary policy of the Central Bank of [...]

By Alexander Tagvoryan YEREVAN, August 2–In the first half of 2010, Armenia’s state budget revenue amounted to 366.3 billion dram (the number doesn’t include the funds received through targeted programs financed by international organizations and foreign countries), while the expenditures amounted to 383.2 billion dram. Compared to the same period in 2009, the budget revenues [...]

By Alexander Tagvoryan YEREVAN, July 30–The Armenian government approved the financial agreement with the Commission of the European Communities in the field of nuclear safety, according to which the EU will provide the country 11 million euros. According to the first deputy minister of economy Karine Minasyan, the agreement will be implemented in three areas: promoting [...]

By Eva Sahakyan YEREVAN, July 30–On Thursday  the Armenian Government approved the 2010-2014 seed production development program, aimed at increasing wheat production in Armenia. According to Gerasim Alaverdian, the Armenian Minister of Agriculture, an estimated 650-720,000 tons of wheat is used every year in Armenia, out of which 180-200,000 tons is grown in Armenia. About [...]

By Victoria Vardanyan YEREVAN, July 28– The State Revenue Committee issued a list of 300 largest taxpayers in Armenia. Almost no changes are observed in the list. Again, major importers of fuel and cigarettes, mobile operators and companies in the field of regulated tariffs, are in the list of biggest taxpayers in the country. The [...]