Expert: Real estate market of Armenia started demonstrating weak signs of recovery in I half-year

ArmInfo. Armenian brandy is associated with Russia, which means that it loses its competitiveness against the background of Georgian brandy outside of Russia. This opinion was expressed by the chairman of the Union of Armenian winemakers Avag Harutyunyan at a press conference on August 18.

ArmInfo. The annual export potential of Armenian wine under ideal conditions, while ensuring stable production of grapes, is 10 million bottles. The chairman of the National Wine Center of Armenia Avag Harutyunyan announced this at a press conference on August 18. 

ArmInfo. The currency  interbank of Armenia reduced the volume 1.6 times from August 14 to  August 17, after growing almost 2 times a week ago. At the same time,  dollar and euro purchases intensified on the intra-bank foreign  exchange market with the decline in interest in selling these  currencies, while ruble sales continued to fall in terms of sales,  but at a relatively slow pace with a change in buying dynamics from a  recession to growth. Exchange currency market continues to be empty.

ArmInfo. Prices for precious metals in Armenia have slowed the ascending weekly trend from 1.9% to 0.8%. Such dynamics this week was triggered by a decrease in the price of silver and palladium against the background of a slowdown in the growth of gold prices and acceleration of the upward trend of platinum.

ArmInfo. CJSC Export Insurance Agency (ESA) issued another export insurance certificate to IT company Qube, which will allow the company to avoid the risk of non- payment of expected revenues from the sale of mobile applications, in parallel with what will allow to claim unsecured financing under a simplified scheme and acceptable interest rates. ArmInfo was informed about this by the press service of the EIA.

ArmInfo. The Minister of Economic Development and Investments of the Republic of Armenia, the Chairman of the Council of the "Export Insurance Agency of Armenia" Suren Karayan visited the organization on August 11, familiarized with the upcoming programs.

ArmInfo. Armenia and China will sign agreement on safe using of nuclear power in peaceful purposes. The proposal on concluding agreement was approved at a meeting of Armenian Government on August 17.

ArmInfo. In November of this  year, will start first supplies of equipment necessary for the  implementation of the program to extend the life of power unit N2 of  Armenian nuclear power plant. This was reported by Head of Energy  Department of Armenian Ministry of Energy Infrastructures and Natural  Resources Hayk Badalyan, whose words are quoted by the press service  of the ministry.

ArmInfo. Beeline supported members of Khachaturian Trio in holding more than 30 concerts and master classes from September of 2016 to August of 2017.   

ArmInfo. The purpose of the visit  of the delegation of the Ministry of Communications of Iraq to  Armenia is to find the verge of cooperation in the telecommunications  sphere.  The head of the Iraqi delegation stated this. Director  General of the State Telecommunications and Infrastructure Company  (ITPC) Nadim Laftah Khazhdur Al-Elayauvi on August 14 at a meeting  with the Deputy Minister of Transport, Communications and Information  Technologies of Armenia Boris Demirkhanyan.

ArmInfo. There  is a need to  implement a unified styling for buildings and constructions roofs  siding in Armenia, Armenian Prime Minister stated during the  Government session.

ArmInfo. Inactive real estate in  Armenia  should be taxed with a progressive tax. The relevant offer  was made by the head of the Armenian Government Karen Karapetyan on  May 18 at the Government session. At the same time, as he noted, the  additional tax burden  should not be applicable to running business