Tag Archives: armenian economy

Armenian Grape Output Sees Growth

Armenian farmers have grown 10 percent more grapes this fall and have already sold out of them despite the ongoing economic crisis, the Ministry of Agriculture said on Tuesday.

Sarkisian Says Armenia Joining NATO is ‘Not on the Agenda’

BRUSSELS (Euronews)–In a recent interview broadcast on Euronews, President Serzh Sarkisian told the channel’s European Affairs Editor Christophe Midol-Monnet that the discussion of Armenia joining NATO was “not the agenda.” Below is the transcript of the interview: Euronews: What were and what are the consequences for Armenia of the Georgian crisis? Serzh Sarkisian: First of

Construction Becomes Largest Sector of Armenian Economy

YEREVAN (RFE/RL)–Construction has surpassed industry as the single largest sector of the Armenian economy after years of building boom that has been a key driving force behind the country’s double-digit economic growth. According to the latest macroeconomic data released by the National Statistical Service (NSS) on Friday, the total monetary value of construction work carried

Armenian Central Bank Sanguine about Global Crisis

YEREVAN (RFE/RL)–The chairman of the Central Bank of Armenia (CBA) on Friday echoed government assurances that the global financial crisis will not spill over into the Armenian banking sector. Artur Javadian told President Serzh Sarkisian that Armenian banks continue to be trusted by the population and have sufficient capital to avoid major losses. “The CBA

Senior MP Opposed to Student Draft

YEREVAN (RFE/RL)–Artur Aghabekian, a retired army general who chairs the Armenian parliament’s committee on defense and security, on Tuesday spoke out against government plans to abolish temporary exemptions from military service enjoyed by university students. Armenian law allows draft-age men enrolled in state-run universities to perform the two-year compulsory service after completing their undergraduate and/or

Armenia and the Global Financial Crisis

YEREVAN (RFE/RL)–The chairman of the Central Bank of Armenia (CBA) on Friday echoed government assurances that the global financial crisis will not spill over into the Armenian banking sector, echoing assurances made earlier this week by Armenia’s Prime Minister that Armenia would be able to "weather the storm," caused by worsening downward spiral of the

Prime Minister Stresses Relations with Neighbors

YEREVAN (Combined Sources)–Armenian Prime Minister Tigran Sargsyan, in an interview with the Azeri online Day.az news agency, Tuesday emphasized the importance of establishing good neighborly relations with all of Armenia’s neighbors as a means to ensure stability in the region. "We must focus on the values, which bring us closer and not those, which separate

Armenian Military to Draft Students

YEREVAN (RFE/RL)–The Armenian government intends to abolish temporary exemptions from military service that have long been enjoyed by university students, a senior lawmaker confirmed on Monday. Armenian law has until now allowed draft-age men enrolled in state-run universities to perform the two-year compulsory service after completing their undergraduate and/or graduate studies. Reports in the Armenian

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