Tag Archives: economic crisis

Government Again Fails To Sell ‘Opposition’ Firm

The Armenian authorities have again failed to sell off a mineral water company that was controversially confiscated from a wealthy opposition-linked businessman, a senior official said on Wednesday.

Armenian Cement Plant Closed Down Amid Construction Slump

Citing a continuing slump in construction, one of Armenia’s two cement factories halted production operations and effectively laid off most of its 600 workers on Wednesday.

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.

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