State Commission for Protection of Economic Competition Reveals Numerous Cases of Unfair Competition in 2013
The State Commission for Protection of Economic Competition of the Republic of Armenia continued its activity in 2013, identifying numerous cases of abuse of dominant position. This was stated by chairman of the State Commission for Protection of Economic Competition Artak Shaboyan during this year’s final press conference at the Government Press Center. “Breaches were exposed in the areas of import and sales of medicines, water, rail, urban telecommunication,... more »
Pension Reform Commented
A press conference was held at the government press center on the topic of “Pension reform: pension system and salaries.” During the press conference clarifications on the new system were given by Minister-Chief of Government Staff Vache Gabrielyan, Minister of Finance David Sargsyan, Minister of Labor and Social Affairs Artem Asatryan and Deputy Chairman of the Central Bank Nerses Yeritsyan. According to Minister-Chief of Government Staff Vache Gabrielyan, the pension... more »
Artem Asatryan Presents New Employment Policy
During the press conference, which was held today at the government press center, Minister of Labor and Social Affairs Artem Asatryan presented the Government’s new welfare-employment policy. Noting that nearly 90 percent of State budget allocations for the employment sector is used to pay unemployment benefits, the Minister said a qualitative assessment and a complete analysis of 13 projects have been carried out in the field of employment. “We have introduced a... more »
Doing Business - 2014: Armenia’s Business Environment Ranks Best In CIS
According to the Understanding of SME Ratings – 2014 Report, released by the World Bank and the International Financial Corporation on October 29, Armenia is in 37th place on the list of 189 countries, falling behind Belgium and ahead of France. During a press conference held today at the Government Press Center, First Deputy Minister of Economy Karine Minasyan presented the 2014 Doing Business Report, noting that there are four more countries on the list this year. K. Minasyan... more »
Air Transport Liberalization To Lead To 1-2% Growth In Armenia
Today’s Cabinet sitting adopted a decision approved a program to ensure competitive and continued provision of air transport services, established a project implementation task force and endorsed its composition. After assessing several draft projects, it turned out that the policy of open skies will have the greatest positive impact on the economy, leading to jobs and growth in the number of passengers, as well as to reduced flight tariffs. Minister of Economy Vahram Avanesyan and... more »
Proceeds of Placement of Government Bonds May Be Used In Several Ways
The proceeds of placement of Armenia government bonds to the amount of USD700mn will be used in a number of ways. In particular, they will be used to repay the debt under the Russian loan of USD500mn. This is what Finance Minister David Sargsyan told the news conference, which was held today at the Government Press Center (GPC) following the Cabinet meeting. The transaction is supposed to help considerably improve the quality of the Armenian government’s external debt portfolio. In... more »
Oracle To Promote IT Sector Development In Armenia
Oracle IT company will come to Armenia. During the news conference, which was held at the Government Press Center, Oracle Senior Vice President Alain Blanc highlighted the signing of a memorandum of understanding with the Government of Armenia, which will enable the implementation of various programs and projects. Oracle is going to set up an excellence center in our country, provide electronic and computer services in partnership with the Government and so on. “There is great... more »
Pension Payment Process Streamlined
“The government made a decision to streamline the process of pension payments,” Minister of Labor and Social Affairs Artem Asatryan told the news conference which was held today at the Government Press Center. The decision provides that each month the distribution of pensions will commence in the afternoon of the 3rd business day. According to the Minister, a new information service - e-pension - was commissioned in June, 2013. Operational on a centralized basis, the system... more »
Sustainable School Catering Program To Kick Off In 2014
“The Sustainable School Catering program’s strategy has the chief objective to shape a sustainable school catering system, provide healthy food for elementary classes of secondary schools nationwide,” Minister of Education and Science Armen Ashotyan told the news conference which was held today at the press center of the Government of the Republic of Armenia. The program is starting next year in Vayots-Dzor province to cover all the regions of Armenia by 2021, including... more »
Two Arrangements Signed At Government
On July 18, two agreements were signed in the Office of Government. The first one involves the Ministry of Economy and the Ministry of Healthcare, on the one hand, and Global Medical Solutions CJSC, on the other. The second arrangement was signed between the Armenia National Competitiveness Foundation (ANCF) and McKinsey &Co. The signing ceremony was followed by a GPC-hosted joint press conference. The first agreement implies implementing a modern in-patient oncology center investment... more »
