Archive for the ‘Economics’ Category

Wimax - A Reality!?!?

Friday, February 2nd, 2007

Wow! I spoke of my dream of having Armenia covered by a technology such as wimax which is a long range computer networking technology. In short, it is like taking your current home wireless router and giving it 10,000 times more power. Today, Cornet seems to be announcing plans to move head […]

Armenia tourism sector revenues at $300 million

Friday, February 2nd, 2007

RFE/RL reports phenomenal figures in Armenia’s tourism industry.
…The increased influx of tourists, most of them foreign nationals of Armenian descent, was particularly visible last year. Virtually all hotels in central Yerevan and flights to and from the Armenian were fully booked from August through October, the traditional peak period for travel to Armenia…

…Petrosian estimated […]

Armenian Ranking Very Low in the Global Integrity Index 2006

Wednesday, January 17th, 2007

2006 Global Integrity Report Investigates and Assesses Anti-Corruption Mechanisms in 43 Countries, including the United States

Top Ten Rich People in Armenia

Thursday, December 14th, 2006

Hayk Newspaper reports, that the Forbs - Armenian service soon to be launched in Armenia, will publish the following list of ten richest people in Armenia in the first issue of the magazine. Hayk draws readers attention to the fact, that 6 of the 10 people in the list are high ranking state officials.
Gagik Tsarukyan […]

Who is he fooling?

Friday, November 17th, 2006

Today as I read the newspaper, Serzh Sarkisyan’s comments struck me as unbelievably short sighted and almost comical. I was reading a week old paper and in it Serzh said that he does not see Russia’s acquiring of Armenia’s utilities as dangerous. He continued to say that he does not see Russia using […]

A New Air Link!

Saturday, November 11th, 2006

I was very happy to see that Air Arabia is now serving Yerevan! In my opinion, this is a very important link for business. The fact is air links equate business expansion and opportunity. If you look at most any major economic development initiative in Europe or America, there is an emphasis […]

Iran pipeline handover to Russians

Thursday, October 19th, 2006

On October 18, the “Haykakan Zhamanak” newspaper published a report by Hayk Gevorgyan, entitled: “They are deceiving us again”. In this article, we read: “The regular session of the inter-parliamentary commission of the Armenian parliament and the Russian Federation Council was held in Yerevan in recent days and a delegation led by the chairman of […]

Time to Realign

Monday, October 9th, 2006

Armenia is in a very interesting part of the world. As most of you know it is in the Southern Caucuses but this is a new designation. As I travel around the country and see the 1000 year old monuments of the silk trail with Armenian and Arabic languages, it brings up a […]

Too Much Capacity

Saturday, October 7th, 2006

As I travel through out rural Armenia, I am realizing that there is too much educational capacity. In the typical town, there are over 15 schools. Each school has a large half used building, a director, two vice directors, a director of grounds and a full compliment of teachers. In Europe or […]

The USD Exchange Rate – Source of Armenia’s National Wealth?

Friday, October 6th, 2006

Assuming the role of information is to help people make correct decisions which will make their life better, the only correct decision the citizens of Armenia can make, after looking at this charts and the comments to them by the Head of the Central Bank of Armenia (CBA) Tigran Sargsyan, is to ask their relatives not to send any USD Money Transfers to Armenia, and investors: not to invest USD in Armenia, and the Millennium Challenges Corporation: not to grant $235 Million USD to Armenia.