Armenian Economy

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China and Armenia Intensify Cooperation in Partnership

Armenia is ready to continue and intensify cooperation with China, Prime Minister Serge Sargsyan reported at the meeting with Chinese Ambassador to Armenia Tzo Syuelyan, held in connection with completion of his diplomatic mission.

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Armenia gets a new provider of telecommunications services

New provider Armenian Datacom Company (ADC) appeared on the market of telecommunication services in Armenia. During the opening ceremony ADC General Director Harold Gritten said that the XXI century telecommunication network will operate in Armenia, which provides super modern corporative networks with powerful coverage and access to the Internet.

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Business Super Growth: UK Ranks Fourth, Armenia Surprisingly Strong with 38%

Record levels of British businesses experience extraordinary growth results as UK ranks fourth in 'super growth' worldwide league tables. Business in Armenia achieves 38% super growth. India and Hong Kong fall outside the Top 10 for the first time.

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Mortgage lending in Armenia grows to 25.4 billion AMD in 2006

Mediamax reports that the Chairman of the Central Bank of Armenia Tigran Sarkisian said during the annual meeting of the Association of mortgage market participants of Armenia that the mortgage crediting has growin in Armenia in 2006, reaching to 25.4 billion AMD.

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Armenia: World Bank Urges 'Second Generation Reforms'

A senior World Bank economist has praised Armenia's "strong" reform record and macroeconomic performance, noting that since 1991 the economy of Armenia has grown faster than that of any other CIS member state.

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Armenia: Private stock exchange, CB negotiating with OMEX

Armenian Stock Exchange will become a private structure, Chairman of the Central Bank of Armenia Tigran Sarkisian stated in Yerevan today.

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Armenia Eyes New Tourism Record in 2007 As More Tourists Visit Armenia

The number of foreign tourists visiting Armenia is projected to surpass this year a record-high level registered by the government in 2006, a senior official said on Thursday.

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Armenia Posts Further Increase in Profit Tax Collection

The government of Armenia reported on Thursday a further sharp rise in its proceeds from the collection of corporate income tax, the main source of widespread fiscal fraud in Armenia.

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Armeconombank, Lufthansa, Hertz Introduce Co-Branded Mastercard

Armeconombank, together with Lufthansa German Airways and Hertz car renting company, introduce a unique offer in the card market of Armenia, MasterCard Standard Co-branded cards.

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Armenian Economy Diversified, Double-Digit Growth for 6th Year

The Armenian economy has expanded at a double-digit rate for a sixth consecutive year, Trade and Economic Development Minister of Armenia Karen Chshmaritian said on Tuesday.

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"Millennium Challenges" Gives Money To Armenia

"Americans are making 236 million USD investments for Armenia's future well-being", announced Alex Rasin, head of the Armenian program of Millennium Challenges Cooperation.

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Armenia: Making The Best Of A Difficult Neighborhood

Reworked diamonds, crayfish, and brandy do not sound like the ingredients of a successful export economy. Yet, appearances can be deceptive - and in Armenia's case they often are.

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