10:36 September 06, 2010 | World news
ECB ups growth forecast to 1.6% and holds rates
Economic growth in the eurozone will finish higher than forecast in 2010, the European Central Bank (ECB) has said. The ECB expects growth this year to be about 1.6%, up from its June forecast of 1%. Next year it forecasts growth of 1.4%, compared to its previous estimate of 1.2%. ECB president Jean-Claude Trichet, who also dismissed fears of a double-dip recession, said the optimistic forecast resulted from a recent growth spurt and expects further "positive underlying momentum" going forward.

10:15 September 04, 2010 | Pension reforms
Gazprom interested in purchasing BP’s assets in Azerbaijan
Russian gas monopoly Gazprom is interested in procuring shares of the British Petroleum in Azerbaijan, Gazprom's chief Alexei Miller said in Baku in the framework of the Russian President Dmitry Medvedev's visit to Azerbaijan. According to Miller Gazprom would with great pleasure buy some of the shares if they were on sell. BP is operating the Baku-Tbilisi-Ceyhan crude oil pipeline which is the only one in the post-Soviet area that carries the Azerbaijani oil to the Turkish Ceyhan via Georgia.

16:18 September 03, 2010 | Experts opinions
Discussion of 2011 draft state budget to start from September 6
The discussion of the 2011 draft state budget will start from September 6. Armenian Finance Minister Tigran Davtyan noted at today’s governmental session that the initial variant of the state budget is already ready; it has been designed on the basis of the tenders submitted by ministries and departments. According to the minister, the draft budget has been delivered to corresponding institutions...

16:00 September 03, 2010 | Energy
Armenia to pay more for Russian gas?
Receipts from gas sale rose in the Russian market as compared with the 1st quarter of last year due to higher tariffs - which, in turn, caused a rise in the average gas price – as well as due to a 10% increase in sales, EnergoNews reports...

11:23 September 02, 2010 | Econimic Policy
6th department started inspection in Ministry of Agriculture
RA Police 6th department against organized criminality started inspections in the Ministry of Agriculture, connected with spending land-melioration funds by the Ministry. It's worth mentioning that the agreements on starting the inspections were signed without approval of State Procurement Agency...