Last week, Russian Gazprom’s Armenian subsidiary, Gazprom Armenia, announced its intention to apply to the Public Services Regulatory Commission for a lower tariff for household and companies in Armenia.
This week, a bill on cancellation of debts arising from a default on tax obligations of the Hrazdan-Cement CJSC, was passed by the National Assembly at its special session on Wednesday, sparking a debate on the “squander” of public coffers.
A week after Prime Minister Hovik Abrahamyan announced an ambitious plan to cut down administrative expenses, the Armenian government has decided to reduce the number of cars used by different government agencies and state-run companies by nearly 800.
Although Russia has reduced the price of natural gas supplied to Armenia by 9 percent at the border, it is still unclear at what price the final consumers in the South Caucasus country will get it.
The Public Services Regulatory Commission (PSRC) says it intends to reduce natural gas prices in Armenia in response to a request from provider Gazprom Armenia.
While Armenia’s government, responding to the demands of some public circles, is carrying out studies as to gains and losses of a possible move to ban the import of Turkish goods, some local experts already present their calculations.
Fight for Demonopolization: Expert says political decisions needed to deal with market “concentration”
While the Armenian government is taking steps to regulate “high concentration” areas of the economy, many in the country still remain skeptical about its having the necessary political will to fight against corruption and monopolies.
The four-day hostilities in Nagorno-Karabakh in early April have not yet had a negative impact on the economy of Armenia, according to a World Bank representative in Yerevan.
According to Armenian aviators, the country lacks a legal basis and liability for the development of aviation and the imperative of having a national carrier requires statesmanship and protectionism.
The first smartphone made in Armenia, called the ArmPhone, went on sale this week. Various Armphone models were unveiled during a kick-off celebration on Monday held as part of a marketing campaign called “It’s Time for Armenian [products].”