May 01, 2009 | Press Release
May Day is a pagan ritual which marks the end of the colder winter half of the year in the Northern hemisphere, and it has traditionally been an occasion for popular and often raucous celebrations – ‘regardless of the locally prevalent political establishment’.
Apr 29, 2009 | Press Release
Tuesday, April 28 2009 EVENT: Real GDP will contract by 5% this year, the IMF's April World Economic Outlook predicts.
Apr 24, 2009 | Press Release
Ninety four years ago, one of the great atrocities of the 20th century began. Each year, we pause to remember the 1.5 million Armenians who were subsequently massacred or marched to their death in the final days of the Ottoman Empire. The Meds Yeghern must live on in our memories, just as it lives on in the hearts of the Armenian people.
Mar 30, 2009 | Press Release
Several weeks since Armenia felt the impact of the global financial and economic crisis, the weakness of the Armenian economy has become all too apparent. Starting with a drastic reduction in the amount of money or remittances coming into Armenia from relatives working abroad, mainly in Russia, most Armenian families have already begun to feel the pinch from the larger global crisis.
Mar 27, 2009 | Press Release
Armenian villagers, who, starting from March each year, used to go abroad to work, particularly in Russia, are not in hurry to leave their motherland this year. Closed doors and rejections await them because of the economic crisis.
Mar 07, 2009 | Press Release
The decision of the Central Bank of Armenia (CBA) to return to a de facto free floating exchange rate regime, announced on March 3, 2009, has led to a swift reaction from economic agents.
Feb 19, 2009 | Press Release
February 17, Business New Europe, Germany Armenia is close to signing a $500m stabilisation loan agreement with Russia. The government needs to raise more money if it is to carry out its 2009 budget plans, which were based on an optimistic forecast of 9.2% growth.
Jan 20, 2009 | Press Release
Armen Kharazian January 20, 2009 Washington 1. The Obama administration has pledged to conduct a strong, but consultative foreign policy, driven by both principles and pragmatism, and aimed at restoring U.S. leadership, reputation and influence on the world stage.
Jan 12, 2009 | Press Release
"The Armenian government intends to confront the expected economic crisis in two major ways: by giving impetus to construction of infrastructures and assisting the enterprises in difficult conditions," the RA Prime Minister Tigran Sargsyan said during a talk with NT correspondent.
Jan 08, 2009 | Press Release
Armenia’s massive trade deficit reached a new record high in 2008 amid soaring imports and sliding exports that reflected the growing impact of the global financial crisis on its economy.