<% Sub REP(title1) title1 = Replace(title1,"^^","""") title1 = Replace(title1,"^","'") End Sub Set OBJdbConnection=Server.CreateObject("ADODB.Connection") OBJdbConnection.Open("DRIVER={MySQL ODBC 3.51 Driver};Server=mysql4.brinkster.com;uid=armenia1;pwd=52xmax;database=armenia1;") Set rs = Server.CreateObject("ADODB.Recordset") sql = "Select * From news Where page='Business' and status='archive' Order By 'id' DESC" rs.Open sql, OBJdbConnection If Not rs.EOF Then txt = rs.fields("post_date") pos=InStr(txt," ") pos = pos - 1 month_name = Mid(txt,1,pos) pos=InStr(txt,",") pos = pos + 1 post_year = Mid(txt,pos) Response.Write("") Response.Write("") title = rs.fields("news_title") Call REP(title) Response.Write("") Response.Write("") Response.Write("") title = rs.fields("news_title") Call REP(title) Response.Write("") Response.Write("") Response.Write("
 Business News Archive

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") rs.movenext End If While Not rs.EOF txt = rs.fields("post_date") pos=InStr(txt," ") pos = pos - 1 month_name1 = Mid(txt,1,pos) pos=InStr(txt,",") pos = pos + 1 post_year1 = Mid(txt,pos) If post_year1 = post_year Then If month_name1 = month_name Then title = rs.fields("news_title") Call REP(title) Response.Write(" " & title & "
") Else month_name = month_name1 title = rs.fields("news_title") Call REP(title) Response.Write("

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 Business News Archive

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July
June
May
April
March
Japan Finances New Armenian Power Plant
Armentel Says Wants No Delay For Country's 2nd Mobile Operator
Armenia Exchanges Electricity for Iranian Gas
Armenia Posts Twofold Increase In Mobile Subscribers
Armenia Builds Gas Pipeline to Iran
Official Tbilisi Discusses The Possibility Of Transit Transportation Of Gas By The Route Of Iran - Armenia - Georgia - Ukraine
Armenians Prefer To Keep Their Money In Cash Us Dollars
The Jordanian Software House ESKADENIA To Deliver Its BCRM (Billing & Customer Relationship Management) Solution To K-Telecom In Yerevan-Armenia
Qatar Experts To Interview Armenian Applicants
Armenia Ready For 2005 EXPO
HAYRUSGAZARD Wins Tender For Construction Of Iran-Armenia Gas Pipeline
Modernization Of Armenian Foil Plant Ahead Of Schedule
Russian-Armenian Tycoon Sets Eye On Tsakhkadzor
Presentation of Armenian-Language Website On International Education Held In Armenia
268,000 Tourist Visited Armenia In 2004
Archive

2004

December
November
2005 Draft Budget Earmarks 563 Million Drams For Business Development Program
Armenian, Iranian officials to launch gas pipeline construction on 30 November
Trade Turnover between Armenia and Korea Makes $6.5 Mln in 4 Years
Slovakia's SLZ Eyes Armenian Chemicals-maker Vanadzor
Cronimet to pay $132 mln for 75% of molybdenum plant stock in Armenia
Zangezur Plant To Be Sold December 5
Armenian economy expands 9.7% in 10 mths
Senate Passes Bill Granting Armenia Permanent Normal Trade Relations
Armenia to Sign 50% ZMMK Sale Deal With Cronimet Soon
Armenian-Iranian Pipeline Project Put Back to Year-End
World Investment Report 2004 Launched In Armenia
Armenian Wineries Export More Products This Year
Armenian banking assets grow 21% in 9 mths
October
Armenian Trade and Industry Chamber To Open A Branch In China
No Decline Reported In Jewelry And Gold-Smith Industry
Austrian, German Experts To Learn Prospects For Introducing New Crediting System In Armenia
69 Foreign Companies Make Investments in Nagorno Karabakh
Alcatel, ArmenTel Sign 2 Million Euros Contract
September
Us Ambassador Meets With American Business Community In Armenia
Armenian Company Awarded Quality Star
Armenia Able To Generate 18 Billion Kw/h Of Electricity
Armenian And Chinese Cooperation Yields Tangible Results
Foreign Investment In Armenia Climbs 41% In H1
Armenian Foreign Debt Shrinks By 2.5% In H1
Light Industry Exhibition To Be Held In Yerevan
 Armentel Gets Prepared For Emergence Of A Rival Company
Banking Rate In Armenia Remains Unchanged - 16% Annually
August
Armenian GDP Up 9.3% In First 7 Months
Armexpertiza Says Export Volume Increased
Mining Industry Output Down 4.7% In Armenia In H1
Armenian Dram Increases By 0.10% Against U.S. Dollar In Early August
Combined Armenian bank credit portfolios expand 18% in H1
In Jan-June 2004 Tax Revenues Of RA State Budget Exceed By 17.7% Index Of Last Year
U.S., German Firms Set To Buy Armenian Mining Giant
20% Of Expected Harvest Of Vegetables Already Gathered In Armenia
164,000 passengers used Armavia in the first quarter of the year
37 Enterprises Privatized This Year
Armenia And Russian Komi May Cooperate In Food And Construction Material
IFC, Armeconombank Sign Agreement For Business Development
July
Credit Organizations Complete First Half Of 2004 With 141.9 Mln Drams Incomes
IFC, Armeconombank Sign Agreement For Business Development
Georgian, Armenian power systems to work in parallel
Central Bank To Register New Commercial Bank
Armenia Surprised Thailand MPs With Its Potential In IT
$400-500m Dollars Invested In Armenia Each Year
Georgia interested in gas via Iran-Armenia pipeline
Armenia's GDP Expands 9.1% In H1
Minister Does Not Rule Out Speculations In Armenian Financial Market
Euroterm Company Expanded The Production Of Jam In Connection With The Growth Of Foreign Demand
Armenian Currency Set To Consolidate, Bank Expert Says
Dollar Price In Three Caucasian Countries
Demand For Armenian Potato In Caucasus Is 500,000 Tons
 Achenbach And Armenal To Sign Modernization Agreement In Autumn
 Reduced The Number Of Cars Imported To Armenia
 Armenian PM Meets With Moscow Mayor
 Armeconombank And KfW Signed An Agreement On Credit Guarantees
 Russia And Armenia Can Increase Mutual Trade, Russian PM Says
 Armenia Sees Growth In Tourism
 Pascal Lamy: EU May Reduce The Duties For The Import Of Agricultural And Textile Production From Armenia
 ISC-Star Expresses Its Regret As Armentel's License Extended By 3 Months In RA
 Armenian Agriculture Set To Receive $10 Million Loans In 2005
 Multi Group Invests $7.5 Mln In Yerevan's Ararat
June
 Government Resolute To Open Mobile Phone Communication Market To Competition, Minister Says
 Armenia, Canada Sign Agreement On Avoiding Of Double Taxation Of Incomes And Property
 Bulgaria, Armenia decide to boost bilateral trade, contacts
 Armenia Elected To ECOSOC Commission
 New Program To Allow Use PC In Armenian
 Armenian govt forecasts 6%-7% GDP growth in 2005-2007
 Armenian Grids seeks $38 Mln from JBIC
 Armenia hopes for Iranian credit to build hydro plant
 Germany To Provide Fresh Loans To Armenia
 PM To Attend German-Armenian Economic Cooperation Conference In Berlin
 Meghri Hidro-Electric Power Station To Be Built In 2005
 Armenia’s economy embarks on the stage of dynamic and stable development, Armenian President said
 Armenian government approved the medium-term program of expenses for 2005-2007
 Russian Volgaburmash holding to acquire the control packet of shares of Armenian CJSC Nairit late in June
 Iran, Armenia Sign Customs Memorandum
 WB Board Of Directors Approved Three Credit Programs For Armenia To The Total Amount Of $31 Mln
 Herve Caroff to Become YBC New Director General and President
 World Bank To Review And Approve New Loan Program For Armenia
 Armenian President Met With Representatives of Small and Medium Business
 The Volume Of Foreign Investments To Armenian Economy In January-March 2004 Made About $42 Mln
 Ara Abrahamian Willing To Invest In Abkhaz Railway
May
  The IMF pleased with the process of economic reforms in Armenia
  State Registry Launches Own Internet Page
  Armenian Producers Apply Codes on Goods
  Iran-Armenia Commerce Chamber Opens Branch In Tebriz
  Armenia, Iran Gas Agreement
  Ukraine, Armenia Firm To Further Develop Ties
  Armenian May Cease Receiving Privileged Loans From World Bank In 4 Years
  The WB to Allocate Three Credits to the Overall Amount of $32 Mln to Armenia
  Armenian IT Companies To Open Representations
In Canada, USA, Germany
April
  240 Thousand Decalitres Of Brandy Exported From Armenia In The First Quarter of 2004
  Austrian Airlines Increased The Number Of Yerevan-Vienna Flights To 4 Every Week
  Armenian Exports On The Steady Rise
  Agreement On Iran-Armenia Gas Pipeline Construction To Be Signed In The Near Future
  Iran-Armenia Pipeline Not To Be Used For Further Transit Of Gas To Europe, Robert Kocharian Said
  Customs Fees To Armenia's State Budget Exceeded The Planned Figure
  Volgaburmash Holding became the new owner of CJSC Nairit - one of the giants of Armenian chemical production
  About 20 Investment Programs Were Presented At The First Arab-Armenian Business Forum In UAE
  The Production Volumes Increased by 10,5% in Armenia in January-March 2004 as Compared with the Same Period Last Year
  Armenian-Arabian business forum to take place in Dubai
  The volume of foreign investments to Armenian economy made $230 mln in 2003
  Armenian machine-building companies found new buyers at West Tech-2004 exhibition
March
 Armenian CB And USAID Signed A Memorandum On Technical Assistance In Banking Control
  Armenia and the USA to sign agreement on allocating funds to strengthen Armenian NPP’s physical protection
  About $1 Mln Allocated To Enhance Dwelling Houses In Yerevan
  The Biggest Armenian Provider Brings Action Against Telecommunication Monopolist
  “Shutting Down the Nuclear Plant is a Painful Issue for Armenia,” Minister of Finance and Economy Said
  Agarak Copper-Molybdenum Complex To Be Sold To U.S. Comsup Commodities Company
  Armenian CB To Withdraw Notes Worth 10, 25, 50, 100 And 200 Drams From Circulation On April 1
  Armenian Government Suggests the Private Sector to Take Part in Solving Social Problems
  Leading Armenian Businessmen And Donor-Organizations To Discuss The Opportunities Of Uniting Their Efforts
  SMES Development Fund Set Up By NKR Government Approved 57 Credit Applications
  BSTDB And Ismirlian Foundation Joint Finance Facility Gave
The First Credit
  Armenia increased the export volumes of cigarettes and juices in 2003
February
  Greek OTE Refuses Funding Any Capital Requirements In ArmenTel And Holds Negotiations On Selling The Company
  Association Of Hotel Owners Established
  Armavia Restores Flights
  YBC plans to increase the export volumes to Baltic countries
at least by 20%
  Armenia To Double Electricity Imports To Georgia Given Due Payments
  Agriculture Productivity To Increase In Armenia
  Yerevan Jewellery Plant Presented its Production at a Prestigious exhibition in New York
  Armenian Parliament Speaker for the Sooner Adoption of the New Law “On Audit Chamber”
  Armeconombank Satisfied With Last Year
  Slovak-Dutch Lugera & Makler office opened in Yerevan
  Military Industrial Commodity Production Up 5 Percent
  3.1 Per Cent Points Economic Growth To Be Provided In Armenia In Account Of Industrial Growth In 2004
  150 Million Passengers Transported Last Year In Yerevan
  Armenian SME Representatives Actively Involved In The Pilot Project On Giving Credit Guarantees
  Armenia Can Sell Electricity To All Its Neighbors, Russian Deputy Minister Says
  Georgia Wants to Triple Import of Armenian Electricity
January
  Netherlands to Allocate About $1 mln for Setting up Seed Farming Centres in Armenia
  65 Hotel Complexes Operate In Armenia
  Getnatun Wine to Be Filled In New Ceramic Bottles
  AEPLAC Launches 'Real' Business Magazine in Armenia
 ConverseBank Drawing Best Economic Student Competition Results
  Armenia's GDP Up 13.9% on Year In 2003 To 1.618 trln Drams
  Credit Clubs Brought To Legal Environment
  Armenia's foreign trade gains 30.5% in 2003
  USDA Agricultural Credit Club program started the registration of the credit clubs in Armenia
  Yerevan and Moscow businessmen to consider the prospects of increasing goods turnover
  Russian Companies to Supply 1.5 bcm of Gas to Armenia This Year
  Yerevan Brandy Company Sales Increased by 17%
  World Bank to Iimplement 5 New Programs in Armenia
  Suit of Government Commission for Economic Competition Protection against ArmenTel Satisfied
  SPS Cigaronne Company Expands its Assortment and Enters New Markets
  Twenty-Six Italian Companies to Showcase Their Products in Yerevan
  The Construction of Zvartnots Airport's New Passenger Terminal to Last 3-4 Years and To Cost $50 mln
  Armenian-Russian Business Meeting "Cooperation and Integration-2004" to Be Held in Armenia
  US Dollar Decline against Euro Not to Impact Armenian Currency
  Gazprom OJSC Disconnects ITERA Group of Companies from Supply of Turkmen Gas For Lack Of Place in Pipeline
 
Archive

2003

December
  Gasprom intends to force out Itera from Armenian and Azerbaijani market
  “Budget-2004 is ambitious in its best sense,” Armenian Minister of Finance and Economy says
  83 m Drams to the Social Sector
The Issue of Raising Tariffs for Natural Gas in Armenia to Be Finally Decided January 9, 2004
Armenian Banking Sector's Profit Growth Made 10-12% According To Preliminary Results of 2003
ACBA Bank Accomplished Introduction of ISO 9001-1200 Quality System
IAEA Studies Possibility for New Unit at Armenian Nuclear Plant
AIA to Introduce a System for Rating Local Insurance Companies
British American Tobacco Buys Tobacco from Armenian IMT Company
Armenia Expects Japanese Assistance to Reconstruct Thermal Power Plant
Armenian Government Allocated 5 mln Euro to CB for Getting Credits Aimed at the Development of Small and Medium Enterprises
Armenia Plans to Increase the Production Volumes in the Jeweler's Industry and Precious Stone Processing to $500 mln Annually
The OSCE Yerevan office to assist to the improvement of the investment climate in Armenia
Armenian Prepared to Defend Its Interests
The Year Of 2003 Was Successful For Business, UMBA President Thinks
German Achenbach Wins Tender to Conduct Modernization of Armenian Aluminum Foil Factory
In 2004 Armenian Ministry of Finance and Economy intends to lay “firm bases” for the realization of the Poverty Reduction Strategy Paper
Kerkorian Accuses DaimlerChrysler of Fraud
Over 46,000 People Sent Income Statements
Armenian State Taxation Service Reports Higher Revenues
Foreign investment in Armenia rises 37% in Jan-Sept
Armenia sees highest industrial growth in CIS in Jan-Oct
Armenian Molybdenum, Copper Put on Tender Sale
RA Government Receives 4 Million Euro in the Frames of Food Program of European Commission
Armenian IT Companies to Participate in the ICT4D Exhibition
November
Interstate Loan to NKR 11.2 Billion AM Drams
Central Bank Issues Golden Coin Devoted to King Tigran the Great
IMF Approves Disbursement of $14 Million for Armenia
Indian Businessman Pledges Fresh Investments in Armenia
Armenia Seeking $35 mln JBIC Credit For Power Grid Overhaul
Armenia Expands Economy 15.7% in Jan-Oct
Freight Traffic Between Georgia, Armenia Keeps to Schedule
Unemployment Level in October 8.6 Percent
Foreign Investments in Armenia Grow
According to "Financial Times" Data, YUKOS Has Branch Establishment in Armenia
IMF to allocate $14 mln to Armenia in 2004
Trade and Business in the Center Of Armenian-Romanian Talks
Osce Seminar In Yerevan Focuses On Sme Enterprises Development
Nagorno Karabagh Has Good Development Potential
IMF Executive Director Satisfied With Positive Trend in Development of Economy in Armenia
"ARDSHINIVESTBANK", "ARMAGROBANK" Sign Consolidation Agreement
USATF Meetings Conclude in Washington
RA Parliament Starts Hearings on 2004 State Budget Project Since November 20
State Share of 9090 Objects Totalling AMD 138.2b Privatised as of October 1 2003
October
Government Approves Draft 2004 Budget
World Bank Official Cautions Against More Russian Takeovers
World Bank Starts Developing Next Four-Year Assistance Program To Armenia
Armenia Hands Over Seven Energy Facilities To Russia
Armenian President Attends International Food Exhibition
Chairman of Board of RAO YeES Rossii To Visit Armenia
Armenia's Polished Exports Up 67 %
Sharjah (UAE) Food Festival Gets Good Response
Alcatel Dismisses Reports About Intending To Start Telecom Business In Armenia
Iran, Armenia Plan To Build 2 Hydroelectric Stations On Araks River
IOM Office In Yerevan Receives Us $170,000 Contribution For Counter-Trafficking Activities
Programs Carried Out By "Armenia" Pan-Armenian Fund Presented
Production Will Increase
Yerevan Brandy Company Invests $300,000 In Enterprise's New Branch In Town Of Berd
Australian Entrepreneur Intends To Collect Donations In His Country For Settlement Of Problems Of Karabakh's Village
Pan Armenian Expo Yielded Positive Results
September
In Case Of Success Credits Will Go Up
Investment Fund in Armenia
Electricity, Gas And Water Prices To Grow In Armenia January 1
Armenian Businessmen Seek To Create Global Sale Network
German Banks To Provide Guarantees For Armenian Commercial Banks
NKR President And Government Members Visit Yerevan Brandy Company
Yerevan Brandy Company Offers Armenian Farmers Best Conditions For Grape Purchase
Recycled Asphalt Plant Opens In Yerevan
White Paper on Tax Reform
HSBC Bank Armenia Wins Banker's Country Award 2003
"Flash" Ltd To Reduce Petrol Prices
Potential To Boost Trade Turnover
Armenia sees highest industrial growth in central Asia and Caucasus in Jan-July
Petrol Price Remain Unchanged In Armenia
Foreign investments in Armenia grow
Kirk Kirkoryan Claims $8 bln From Daimlerchrysler
August
Armenian Trade And Industry Chamber Seeks New Partners
 Trade Group Looks at Trade with Russia
 Agreement on Cooperation in Agriculture Signed between Armenia and Syria
 Armenia Wants more ALROSA Rough
 Water Meter Sealing Delayed
 Economic Growth in NKR
 Armenia to Pay off Debts to Russia
 Libyan Businesspeople to Save Capital in Armenia
 Government Receives European Commission Grant
 Kocharian's Advisor Discusses Armenian Economy with White House Official
 U.S. Ambassador to Armenia Satisfied with Quality of Foodstuffs, Produced by Armenian Enterprises
 Karabakh Telecom Organizes Drawing of Cellular Phones for Users of Mobile Radio-Link Communication
 For The First Time Yerevan Brandy Company Buys Grapes In Karabakh
 Armavia Obtains Another A-320 Airbus
 Open Border with Turkey may Induce Other Positive Tendencies, Armenian Official Says
 AmCham holds Business Ethics Workshop
July
 Converse Bank, Armeconombank, Anelik Bank Armsavingsbank, Inecobank and HSBC Become Arka Press-Rating Leaders
 Agrarian Union Helps Farmers to Cultivate New Vegetable Sorts
 RusAl (Russia) to Invest $34 Million in Modernization of ARMENAL
(Armenia)
 Russian Armenian Tycoon Moves forward His Ambitious Plan
 Bank Accounts for 260 Children
 Biogas Generation Program Under Way in Armenia
 Talks on Chinese-Armenian Rubber Producer Plant to Resume in August
 Sotk Gold Mines to Use its Full Capacities by the End of Year
June

 House Foreign Aid Panel Allocates $70 million for Armenia
 New Five Thousand Banknote to be Put in Circulation in Armenia
 Armavia Set to Purchase another A-320
 Vanadzor-2 Substation Resumes Operation
 First All-Armenian Business Forum Held in Yerevan in September
 Pilot Solar Energy Station to Start Functioning on Aragats Next Year
 Agricultural Cooperative Bank of Armenia Has Provided 85,308 Credits Amounting to $62.5m
 Central Bank Policy Aiming to Enlarge Commercial Banks is Inadmissible
 Armenian-German Fund will Extend Loans of $45 Million Euros

 Armagrobank Announces on Additional Issue of Shares Worth $1 mln
 Tobacco Tycoon Keen on Manufacturing Solar Water Heaters
 Gazprom begins supplies of Russian gas to Armenia
 "Grand Holding" is Going to Participate in Development Programs Implemented in RA Communities
 Commercial Banks Attract 360-Day Deposits with Highest Interest in Early May
 Commercial Banks Attract Deposits
 315,836,000 Drams Allotted to Armenian Agriculture in Terms of European Commission Project "Food Provision"
 New Armenian Government not Going to Return Bank Savings of "Soviet Period" to Population
 Armenian Delegation to Visit WTO Secretariat
 World Bank Official Meets with Armenian Prime Minister
 Foreign Investments in Armenia Total Over $34 Million in 2003
 Iranian Furniture Company is Going to Start Production in Armenia
 Why not Recycle Paper, Say the Concerned
 Project of Large Armenian Companies Reorganization with WB Assistance
 Some Armenian Types of Products can be Competitive on Turkish Market
 Bread Prices Go Up in Armenia as Russia Experiences Wheat Shortage
 Yerevan May Become Free Economic Zone
 A Number of Pump Stations Reconstructed under Communal Development Program
World Bank pays Armenia first tranche of SAC-5 credit
  Seminar on Armenia's Accession to WTO on June 2 in Yerevan

May

 ATDA participates in Caucasus Tourism Fair 2003
 Swiss Winemakers Praise Armenian Wines
 Reconstruction of Armenian International Airport Starts
 Russia to Help Built Sugar Plant in Armenia
 Khronomet Invests $2.5 mln in Yerevan Pure Iron Plant
 Fund-Raising to be Organized in Toronto for Realizing Various Projects in Artsakh
 Center for Development of Small and Medium-Sized Business to Open Regional Branches
 Armenian Businessmen Meet in Greece to Discuss Armenia's Prospects
 Sixth International Jewellery Fair Concludes in Yerevan, GOLDSMITH 2003
 Rostelecom in Armenia
 USTDA Grant Supports Armenian Satellite Project
 Karabagh Leader Calls for Diaspora Help to Restore its Economy
 Armeconombank Expects 42% Increase In Profit This Year
 Lori Province Reports Economic Growth in the First Quarter
 Brazilian Companies Interested in Armenian Canned Goods, Wines and Brandy
 Armenian Highways under Major Repairs
  Construction of Kajaran Tunnel to Start Next Year
April
  USAID Supports Development Center in Gyumri
  Armenia Granted Full Membership to European Conference of Ministers of Transport
  Armenia Posts 11.3 Percent GDP Growth in the First Quarter
  According to CB Chairman, Brazilian Market is more Favorable for Export of Armenian Products than Russian
  "Converse" Bank Planning to Get Profit of about $1 Million
  Ransat to Transfer Nairit-1 Shares to Armenian Bank
  HSBC Starts Publication & Servicing of Mastercard Credit Cards
  Italy, Armenia Sign Cooperation Agreement
  Armenia Expands Economy 7.5% in January-February
  Gas Calculating Station Inaugurated
  Foreign Investments Go up in Armenia
  Quality Management System Introduced
  Armenia Invited to Join Russia-Belarus Union, Russian Speaker Says
  MF Completes Third Review of Armenia's PRGF Arrangement and Request for Waiver of Performance Criterion
  Germany to Credit Small Businesses in Armenia
March
  Central Bank Puts into Circulation New Coins
  Armenia, Japan Cooperating in IT field
  Armenian Brandy Production Threatened by Winter Frost
  Armenia to Produce Sugar on Thai Stuff
  ADA Promotes Exports and Attracts New Investments
  MBC to invest $1.6 mln in Armenia's Almaz diamond factory
  World Bank to Release First Tranche of Sac05 Credit
  IBRD to release social restructuring loan to Armenia
  Armenia and India to Cooperate in SME Area
February
  European Union Chamber of Commerce Opened in Armenia
January
  Tourism is a Potential Source of Foreign Exchange for the Country
  Armenia Investor Conference
  Trade and Investment Tour Concluded