Archive for the ‘Investment’ 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 […]

A Glass of Lake Sevan Water

Tuesday, January 30th, 2007

My anger over the growing problems of Armenia’s most important natural resource, Lake Sevan, is hitting a boiling point. I am always overjoyed when I finish my climb from either the Dillijan Valley or the Ararat Valley and I am met with the beauty of Lake Sevan. However, her beauty is only skin […]

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 […]

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.

Business over Patriotism:

Sunday, May 21st, 2006

Top banker in Russia says investment in Armenia attractive from purely profit motive Suren Deheryan & Suren Musayelyan / ArmeniaNow reporters
The Moscow business journal Profile recently named Garegin Tosunian the sixth most influential financier in Russia, and the only Armenian in the top 10.
The 50-year-old, who in 2002 was elected president of […]

Vedanta Resources Planning to Enter Armenia’s Precious Metal Market

Sunday, May 21st, 2006

Yerevan, 17.05.06 ArmInfo. According to the information distributed by an Indian News Paper Economic Times Vedanta Resources is planning to enter the precious metal business in Armenia.
The Economic Times also informs that the intention of Vedanta - India’s major player in non-ferrous metals, in investing in gold mining industry is based on an all-time […]

Interview with Microsoft’s John White

Sunday, May 21st, 2006

Microsoft has opened its office in Armenia, with the well-known IT specialist Grigory Barsegyan appointed as director. The office will be officially presented, after a number of organizational and technical preparations. CIS HUB Director John White and CIS Business Development Manager Yuri Omelchenko paid a short visit to Armenia recently. Mr. White, who is responsible […]

Armenian President’s Visit to Iran, a New Chapter in Relations

Saturday, May 20th, 2006

TEHRAN (Fars News Agency)- Armenian Energy Minister Tuesday met with Iranian Foreign Minister and discussed avenues available for consolidation of the two countries’ ties.

A statement released by the Foreign Ministry’s Information and Press Bureau said that during the meeting, Mottaki noted the common interests shared by the two states and their profound relations and […]

Combatting Tax Fraud?

Tuesday, April 18th, 2006

Armenpress: President Robert Kocharian and chief of taxation service Felix Tsolakian discussed today the service’s performance in the first quarter of the year, as well as ways to cut shadow deals in mining and construction businesses and other tax fraud.