http://www.armenbrok.am Wed, 08 Feb 2012 14:30:39 +0000 http://kilikia.am am Stupid textStupid textStupid textStupid textStupid textStupid text http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=158 en Armenian economy in 2012 and 2013 will expand by 4.1% and 4.4% respectively, according to UN World Economic Situation and Prospects 2012 report. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=174 Armenia’s industrial output grew 14.1% in 2011, compared with 2010, to AMD 992.1 billion, National Statistical Service reports. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=175 Armenia is the 39th on the 179-country 2011 Index of Economic Freedom, a product of the Heritage Foundation and the Wall Street Journal. Armenia's economic freedom score is 68.8 points - 0.9 lower than a year before. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=176 Median nominal monthly wage in Armenia in 2011 was AMD 115,265, a 5.9% increase from 2010, according to the latest numbers, released by the National Statistical Service. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=177 The share of Armenia’s largest taxpayers in the total volume of collected taxes increased from 35-40% up to 60% over the past 3 years, Deputy Chairman of the State Revenue Committee of Armenia Armen Alaverdyan stated. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=178 Armenian government is now negotiating with Germany’s CSG and Russia’s ITERA to solve Nairit chemical plant’s problems, Armenian Energy and Natural Resources Minister Armen Movsisyan reported. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=169 During the session held in Yerevan, State Commission for Protection of Economic Competition (SCPEC) of Armenia published the results of the administrative production concerning the realization of the vegetables. It http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=170 Armenian and Turkish businessmen will gather in Yerevan for a two-day conference, the Union of Industrialists and Entrepreneurs of Armenia (UIEA) announced. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=171 Median nominal salary in Armenia in 2011 October grew by 6.4% from a year before to AMD 114,402, according to the latest umbers unveiled by the country’s National Statistical Service. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=172 Business Monitor International (BMI) forecasts a 3.4 percent GDP growth in Armenia in 2011 and a 2 percent growth in 2012 taking into account the reduction of the volume of investments because of the crisis in the euro-zone. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=173 Industrial companies of Armenia in September 2011 produced industrial products in the amount of about AMD 92.7 billion (in current prices) increased by 16.6% compared to the same period of 2010, Armenian National Statistic Service informed. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=164 On 15 November, Armenian Prime Minister Tigran Sargsyan and marketing “guru” Phillip Kotler discussed issues related to the establishment of a Marketing Superiority Center in Armenia. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=165 The Armenian government has prepared a legislative package to introduce a tax on luxury cars, increase by 50% taxes on expensive alcoholic beverages and increase also the income tax. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=166 Zangezur Copper-Molybdenum Plant (ZCBP) topped the list of 1000 largest Armenian taxpayers as of the three quarters of 2011. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=167 A three-year Armenian-Norwegian program, designed to boost the development of small hydropower plants in Armenia was kicked off in Yerevan. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=168 The finance ministry of Russian Federation finally approved the allocation of the loan for modernization of Nairit plant in Yerevan, which is the only producer of synthetic rubber across the former Soviet Union (its revenue in 2010 amounted to USD 12 mln) and establishment of associated enterprises. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=159 Government should exert efforts to reduce the shadow economy in the country and introduce principles of equity in the taxation field, Prime Minister of Armenia Tigran Sargsyan told media after the Economic Conference of the Republican Party of Armenia. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=160 Prime Minister of Russia and Prime Minister of Armenia Tigran Sargsyan had a discussion about new railway construction project in Armenia. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=161 “Armenia - Review of State Expenditures: Tax-Budgetary Consolidation and Resumption”, report of the World Bank (WB), was presented in Yerevan on October 18. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=162 Armenian Prime Minister TigranSarkisian said at a recurrent Cabinet session that according to the government’s estimates, the country’s economy expanded by 5% in the first nine months of 2011. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=163 According to the Armenian National Statistical Service report in April-June 2011, Armenian GDP made AMD 828bln 681.2mln having increased by 3.9% against the same period of 2010. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=151 Armenia has improved its position in Forbes’ The Best Countries for Business rating moving up 7 notches to 89th place among 134 surveyed countries, according to a statement on Forbes official website. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=153 The draft conception of export-oriented industrial policy was submitted for discussion of Armenia’s business community. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=154 On October 18 a round table was held under “IFRS in Armenia-Global Trend or Perceived Need” headline. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=155 Armenian Deputy Minister of Finance VardanAramyan said that even in case of the most pessimistic scenario - a 30% depreciation of the dram, Armenia will not be on the verge of default. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=156 Armenia has dropped from 44th to 48th rank in the WB-IFC Doing Business 2011 report. Georgia is the 12th, Azerbaijan - 54th, Turkey - 65th and Iran - 129th. In Starting a Business index Armenia is the 22nd with 6 procedures, 15 days and 3.1% of per capita GDP required for starting a business. To remind, Armenia no longer has a minimum authorized capital requirement for business entities. In Dealing with Construction Permits index Armenia is the 78th: 20 procedures and 137 days required with 122.7% of per capita GDP to be paid for the license. In Registering Property index Armenia is the 5th with only 3 procedures and 7 days. The duty is just 0.3% of the cost of the property. In Getting Credit index Armenia is 46th. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=147 The total of 124,651 deals were made at Armenian real estate market in January-September 2010. This is by 17.3% more than at the same period of 2009, Real Estate Cadastre reported. The maximal share of deals were made in Yerevan 32.3% out of the total number of deals. Then comes Kotayk region - 13% and Lori region - 11%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=148 In August 2010 the gross international reserves of Armenia rose by 0.5% as compared with July 2010, and dropped by 8.2% as compared with December 2009, having totaled USD 1839.7 mln, the monthly reference of the Central Bank of Armenia says. The share of SDR in the International Monetary Fund fell by 6% in August, and almost thrice as compared with December 2009 (the abrupt decline fell on April - over 6 times), having totaled USD 41.9 mln. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=150 The Central Bank of Armenia has revised the economic growth forecast for 2010 to 2.4-2.7% and for Jan-Sept 2011 to 4-5%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=143 The Central Bank of Armenia forecasts that by the end of 2010 inflation will average 8.1% while by the end of Q3 2010 it will make up 3.7%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=149 The economic growth in Armenia will exceed the 4.5% target in 2011. This is proved by a number of facts, particularly, the spheres of construction, tourism and services are being restored in complex, Head of the Armenian Standing Parliamentary Commission for Economic Issues, MP from the Republican Party of Armenia (RPA), VardanAyvazyan, reported. According to him, in 2011 GDP growth of the country will make up 4.6%, budget deficit – 3.4% of GDP (against 6.8% in 2010 and 7.3% in 2009). 5.7% price growth is expected in 2011. As regards the high growth in dairy prices, the MP said that milk and cheese have grown in price due to the considerable slowdown of agriculture growth rates. At the moment this issue is in the focus of the government\\\'s attention, and mechanisms are being worked out to stabilize the prices. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=144 President of Armenia Serzh Sargsyan hosted today UAE Minister of Foreign Trade HE SheikhaLubnaBint Khalid Al Qasimi who had arrived in Yerevan to participate in the first Armenia-UAE business forum. As press-service of the president reported, Sargsyan stated that over 50 UAE businessmen\'s participation in the forum http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=146 The unemployment level in Armenia, the ratio of economically active population to the registered unemployed for Jan-Sept 2010 totaled 7.1% versus 6.9% a year ago. The National Statistical Service of Armenia reports that by late Sept 2010 98 thousand people applied for job, including 83.8 thousand people were jobless (1.3% decline). By late September 2010 64.4 thousand (65.7%) of the registered unemployed were women. For the period under review employers announced 1214 vacancies (65.9% growth as against the same period of 2009), 1008 citizens found jobs (10.6% growth). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=145 Over Jan-Sep 2010 Armenian GDP rose by 2.8% as compared with Jan-Sep 2009, and declined by 24.6% in September as compared with August. According to the National Statistical Service of Armenia, in absolute terms GDP amounted to AMD 2386.7 bln (USD 6.3 bln) over Jan-Sep 2010. At main prices, GDP grew by 1.1% to AMD 2099.2 bln (USD 5.6 bln). The GDP deflator index grew by 9.8%. Over Jan-Sep 2010 industry output rose by 10.9% (0.1% growth in September) to AMD 579.1 bln or 24.3% of GDP. Electricity output rose by 19.4% (2.1% decline in September) to 4958 mln KW/h. 7.4% growth was fixed in the sphere of services (3.1% growth in September), and it’s the volume amounted to AMD 571.9 bln (USD 1.5 bln). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=132 Russia is the leader in the commodity circulation with Armenia – 20.8%, China occupies the second place – 9.4% and Germany the third - 7.2%. According to the data of Armenian National Statistics Service, in January-September 2010 the volume of commodity circulation with Russia amounted to USD 705.3 mln (annual growth by 12%), with China – USD 317.6 mln (66.5%), and Germany – USD 244.7 mln (20% growth). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=134 In Oct 2010 consumer prices in Armenia grew by 1% while AMD/USD exchange rate dropped by 0.8%. The National Statistical Service of Armenia reports that in Jan-Oct 2010 consumer prices rose by 5.8% while the exchange rate dropped by 5.3%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=135 Armenian government approved at its today session legislative changes on increasing of expenditure and revenue sides of the budget 2010 by AMD 8 bln each, Finance Minister TigranDavtyan presented the draft decision. This is conditioned by the fact that over nine months export grew by more than 43%, which in its part worsened the problem of the VAT returning to exporters by the state. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=141 Parliament of Armenia amended the Law on Profit Tax in the second and final reading on Wednesday. Deputy Minister of Finance Suren Karayan informed that no proposals have been received by the second reading. In line with the effective legislation, the companies enjoying tax privileges in Armenia are not charged profit tax, which causes tangible losses to the budgets of the local authorities in terms of compulsory social and environment payments. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=142 Armenia is going to create industrial zone for development of economic relations with Iran, press-service of the government reported. The industrial zone will be created in Syunik region of Armenia for development of light industry, agriculture and other branches, Prime Minister of Armenia TigranSarkisyan said over the Armenian-Iranian business forum held in Teheran on 26 October. “Creation of such zone will increase effectiveness of Iran-Armenia railway construction, as additional stimulus will appear for the private sector to attract investments in the project”, - he said. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=133 In Q3 2010 the rate of REPO deals dropped by 3.04% to 7.13%, the rate of inter-bank REPO deals - by 2.27% to 6.61%, the yield of primary government bonds - by 1.81% to 10.27%. According to the press service of the Central Bank of Armenia the drop took place despite the CB\\\'s policy to keep up the rate of refinancing at 7.25% since May 2010. The CB\\\'s rate of Lombard REPO deals is 10.25%, deposits - 4.25%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=136 Over Q3 2010 Armenia\\\'s economy dollarization level fell by 3%. According to the press service of the Central Bank of Armenia (CBA) this happened thanks to the dedollarization measures taken by the CBA and government. According to the CBA data, over Q3 2010 the volume of AMD deposits in the country\\\'s commercial banks grew by 9.4%, while foreign exchange deposits fell by 0.7%. Exchange rate fluctuations exclusive, the foreign exchange deposits grew by 0.8%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=137 . In 2011 the social expenditures of the state budget of Armenia will total AMD 268.4 bln, says the draft state budget for 2011. The hearings on the state budget 2011 are being held in parliament. As compared with the volume planned for 2010, the figure has grown by 9.8%, and the ratio against GDP - by approximately 0.9 percentage points. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=140 In case of necessity to restrain inflationary factors, reduction of money supply may be called grounded. To recall, under the EFF/ECF agreement between Armenia and the International Monetary Fund, the Armenian government will save half of tax revenues more than targeted. \\\"There is such agreement, and if we set a task to maintain inflationary factors, the reduction of money supply may be called grounded\\\",- said the minister. As regards further use of the funds, the directions of expenditures will be discussed when elaborating the state budget for 2011. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=138 The government\\\'s forecasts for tax collection and social payments stipulated in the state draft budget 2011 are somewhat low, Chairman of the Central Bank of Armenia Artur Javadyan told during the hearings on the draft state budget at the National Assembly of Armenia. \\\"The growth of ratio of taxes and social payments against GDP is envisaged at only 0.3%. We think that the growth may be even higher\\\", said Javadyan when presenting the Central Bank\\\'s conclusion on the draft state budget. \\\"The premises of economic recovery were observed at the beginning of the year, which created favorable conditions for tax collection and reduction of the state budget deficit. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=139 The Central Bank of Armenia (CBA) has once again maintained the refinancing rate at 7.25%. According to the source, 0.2% deflation was fixed in Armenia in September 2010 as compared with August. As compared with September 2009, inflation fell by 1% to 8.6%. The CBA Board stated that despite the high inflationary environment formed in Armenia due to the agricultural output decline and growth of international prices of food items, the inflation decline trend fixed in September will continue. As a result, the inflation level for the forecasted period will approach the highest target point. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=130 Till the end of 2011 Armenia is going to sign a contract with Asian Development Bank (ADB) for getting of the second tranche at USD70 mln to fulfill the second stage of North-South highway construction program, the head of the state non-commercial FeliksPirumyan told journalists. He also added that the construction work of the first sector of the North-South highway should be finished not late than 31 December 2012. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=131 International Monetary find projects economic growth for developing countries of 7.1% in 2010, and 6.4% in 2011, said Olivier Blanchard, IMF economic counselor and Director of Research department. O. Blanchard delivered a press conference on the presentation of IMF\\\'s new Global Economic Outlook. The growth will be particularly sound for Emerging Asia – 9.4% in 2010 and 8.4% in 2011. In developed countries the growth is projected more moderate - 2.7% and 2.1% respectively. One of the mainstays of low growth expectations is a weak consumption. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=126 By the end of 2010 Armenia\\\'s national debt will make up 42-44% of GDP, Armenian Finance Minister TigranDavtyan said during a press-conference today. \\\"In any case we will not reach the dangerous 50% level even though, according to the law, we can reach 60%. We will be very careful and restrained in our borrowings and will hardly borrow new loans in the coming years. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=125 Inflation in Armenia may total 5.5% in late 2010 and GDP will grow 3%- 4%, Finance Minister TigranDavtyan told media. \\\"The measures taken by the Government and the Central Bank will help restrain prices and we forecast 4+1.5% inflation for the current year which will not outstrip the target,\\\" the minister said. He said inflation pressures are easing in the country and price restraining becomes more manageable. As for the economic growth, the Minister forecasted 3%-4% GDP growth for 2010 instead of the 1.2% envisaged by the budget. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=129 Gross external liabilities of the Armenian Central Bank were up 2.9% over July 2010, and 4.7% versus December 2009 to USD669.7 million, the Armenian Central Bank monthly reference bulletin says. In the structure of external liabilities, loans provided by the IMF grew 2.8% (for July) and totaled 69.5% or USD465.4 million. Special drawing rights (SDR) in cross external liabilities of the Central Bank grew 2.7% to 20% or USD133.7 million. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=127 Armenia\\\'s gross external reserves grew 3% for July but fell 8.6% versus Dec 2009 to USD1.831 million, the Armenian Central Bank monthly reference bulletin says. Special drawing rights (SDR) at IMF increased 2.5% for July but decreased almost 3-fold versus Dec 2009 (slumped in April - almost 5- fold) and totaled USD44.6 million. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=128 The Armenian Government forecasts 2.7% GDP growth in 2010 against 1.2% stipulated by the national budget, Armenian Prime Minister Tigran Sargsyan reported. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=122 The level of unemployment in Armenia calculated as relation between the number of economically active population and the number of the registered unemployed made up 7.1% in Jan-Aug 2010, while in 2009 it made up 6.8% and in 2008 – 6.3%. According to the data of the National Statistical Service of Armenia, 98.9 thsd people (with 1% annual fall) were registered by Armenia\\\'s employment services as of late August 2010, 84.3 thsd of them are unemployed (with 1.5% annual fall), including http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=123 International Investment Position (IIP) of Armenia rose 12.29% to negative USD4,671.45 million for Q2 2010, the National Statistical Service of Armenia reports. IIP for the second quarter of 2010 was up 12.29% or by USD 511.31 million as liabilities grew 4.93% or USD409.46 million and assets fell 2.45% or by USD 101.85 million and totaled USD 1786.92 million and USD4049.84 million, respectively. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=124 GDP in Armenia was up 3.1% for Jan-Aug of 2010. In August versus July, GDP was up 79.3% to AMD 2043bln (USD5.4 bln) in, the National Statistical Service of Armenia reported. GDP deflator grew 10.9% for Jan-Aug 2010. The country experienced economic growth as industrial sector grew 11.5% for Jan-Aug 2010 and 2.2% for Aug versus July. In absolute terms industrial production in the country totaled AMD 504 billion or 24.7% of GDP on Sept 1 2010. Industrial product price index grew 27.7% for Jan-Aug and 3.3% for Aug versus July. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=116 Unfavorable balance of trade in Armenia for Jan-Aug 2010 totaled USD1762.5 million or 32.7% of GDP. The National Statistical Service of Armenia reported the foreign turnover of Armenia for Jan-Aug 2010 versus the same period of 2009 grew 25.3% and 6% for Aug versus Jul 2010 to USD2958.7 million (AMD 1122.3 bln). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=118 Russia remains an absolute leader in Armenia\'s trade. The National Statistical Service of Armenia reports that in Jan-July 2010 Russia had 20.3% of Armenia\'s trade or USD 518mln - 13.3% more than a year before. In Jan-July 2010 the negative balance of the Armenian-Russia trade grew by 10.7% to USD 389mln. Because of the crisis, in Jan-July 2009 the Armenian-Russian trade dropped by 19% against 28.5% growth in Jan-July 2008. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=119 At today\'s sitting the Armenian government approved the amendments to the Civil Code, which simplify the procedure of state registration of legal entities, Justice Minister of Armenia Gevorg Danielyan said. According to him, the documentation to be presented for registration is considerably being reduced. One - window principles will be in force, and one structure will take up registration. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=117 FMO (NederlandseFinancierings-Maatschappijvoor. Ontwikkelingslanden N.V.) is going to join the capital of one of the Armenian banks and extend the investment portfolio in Armenia, said Chairman of the FMO Council JurgenRigternik when replying to the correspondent\'s question. He said that FMO is already negotiating with one of the Armenian banks, which is on the list of top ten banks. Moreover, he preferred not to publish the name of the possible bank – issuer of shares. JurgenRigternik said that at present FMO is investigating the Armenian market to make investments. He added that FMO has chosen the financial system, energy and housing construction as the priority directions of investing. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=121 The Central Bank of Armenia has kept the rate of refinancing at 7.25%. The press service of the CB reports that in Aug 2010, as compared with July 2010, there was 1.3% inflation. As compared with Aug 2009, it grew by 1.8% to 9.6%. This growth is due to the situation on the global good market as well as declining agriculture and climbing bread, potato, fruit and vegetable prices. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=114 Armenia has ensured 4% GDP growth for Jan-July 2010 as against the same period of 2009 and occupied the 7th place among the CIS countries. The GDP in CIS countries in general grew by 4.5% for Jan-July 2010 if compared with Jan-July 2009. Kazakhstan and Uzbekistan are the first by this indicator with 8% growth. Azerbaijan is the 8th by the GDP growth – 3.5%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=110 The gas tariffs growth is expected in Armenia, Belarus and Moldova to the market level in 2011, the RBK news agency reported with reference to Andrei Kruglov, deputy chairman of the Russian gas giant\'s board. \"As for pricing, one may say that the government is sticking to a plan of raising gas prices. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=111 Aug 2010 the Office of the Financial Ombudsman of Armenia received 39 complaints against 46 in July 2010. The press service of the Office reports that 10 complaints were not subject to consideration. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=115 Inflow of foreign investments in economy of Armenia was up by 4.9% for Jan-Jun 2010 versus the same period of 2009 to USD 327.5 million (exclusive of state government and borrowings of the banking system). The National Statistics Service of Armenia told that foreign direct investment (FDI) fell 10.6% versus Jan-Jun 2009 and amounted to USD 220.3 million in total. Six countries ensured annual growth of the total volume of investments on Armenia: Germany - 12.3fold to USD 14.4 million, Great Britain - 6.5fold to USD 2.6 million, Ireland - 70.9% to 402 million, the Netherlands - 57.9% to USD 2.3 million, Slovenia - 30% to USD 0.1 million and Russia - 16.7% to USD85.8 million. Most countries reduced investing in economy of Armenia, and Italy reduced investing almost 8fold to 43.6 million (FDI). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=109 In Jan-July 2010 retail trade in Armenia totaled AMD 538 bln or USD 1.4bln - as much as in Jan-July 2009. The National Statistical Service of Armenia reports that in July 2010 as compared with June 2010 the index grew by 10.7%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=112 In Jan-June 2010, as compared with Jan-June 2009, the inflow of tourists into Armenia grew by 11.2% to 230,154. The outflow of tourists from Armenia grew by 14.6% to 232.058. The National Statistical Service of Armenia reports that in Jan-June 2010 the share of tourists from the EU made up 30.2% against 35.7% in Jan-June 2009, the share of tourists from the CIS - 21.1% against 20.9% a year before. France had the biggest share in the inflow of tourists from the EU - 9.9% (18.3% less than in Jan-June 2009), Germany - 6% (+3.8%), the United Kingdom - 3.1% (-19%). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=113 Armenia held the 2nd position among CIS countries by 7.3% growth of the consumer price index in Jan-Jun 2010, as compared to Jan-Jun 2009, yielding to Ukraine only, where this indicator made up 9.8%. According to the data by CIS Interstate Statistical Committee, growth of consumer prices in Jan-Jun 2010 on CIS countries on average made up 7%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=107 The ACRA National Credit Bureau of Armenia is going to launch new projects to diversify its services. ACRA Director Artak Arzoyan says that in the coming 1.5-2 months the bureau will refresh its database. By the end of this year ACRA is planning to introduce a scoring system. \"We have already developed the relevant methodology and have tested the system. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=108 In Jan-June 2010 the inflow of individuals\' non-commercial money transfers to Armenia amounted to $489.5 mln, with the annual growth being 9.6%, and the outflow - $99.6 mln, with the annual growth being 22.8%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=106 Despite Armenian experts\' estimations that the real commodity turnover between Armenia and Turkey amounts to about 25% of the whole commodity turnover of Armenia, the official statistical data say that as of the end of the first half-year of 2010 this index amounted to $86.5 mln or 4% of the country\'s whole commodity turnover. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=104 The Council of management of the investment project on the North-South transport corridor construction held a sitting in the Armenian government. The sitting was presided over by Chairman of the Council, Armenian Prime Minister Tigran Sargsyan. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=105 In the first half-year of 2010 Armenia\'s commodity turnover with China grew by 74.6% as compared with the same period of 2009, and totaled $206.1 mln. Over the past few years China has considerably increased its share in the structure of Armenia\'s foreign trade turnover, having held the second position among the trade partner countries, yielding the first position to Russia. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=103 Armenia has held the 2nd position among CIS countries by industrial output growth in Jan-June 2010 (12.3% as compared with Jan-June 2009). In absolute terms, as of 1 July 2010 the industrial output in the industrial sector 371 bln AMD ($965.2 mln), or 27.8% of Armenia\'s GDP. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=101 Russia remains unconditional leader by its share in Armenia\'s foreign trade turnover. According to the National Statistical Service of Armenia, by the end of the first half-year of 2010 Russia\'s share made up 20.6% of Armenia\'s commodity turnover or $447 mln, having exceeded the index of the same period of 2009 by 13.4%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=102 Armenia occupies the 4th position among the CIS member-states in terms of GDP growth - 6.7% for the first half of 2010 and 31.7% in June versus May. In fact, GDP in Armenia grew to 1332 billion drams or $3.5 billion. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=100 The International Monetary Fund forecasts a 4.8% economic growth and 6.2% inflation in Armenia in 2010, Guillermo Tolosa, IMF Resident Representative in Armenia, says in an interview. He says the IMF specialists made such forecast after the IMF mission visited the country in May and prepared another review of the economic situation in Armenia. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=94 The reforms and anti-crisis measures carried out by the Government of Armenia are aimed at making the national economy more diversified, Prime Minister of Armenia Tigran Sargsyan reported. \"Lack of diversification is a serious problem for us. In Armenia one-two sectors have a very big influence on the national economy. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=96 The shadow turnover of Armenia\'s health care sector amounts to AMD 60bln-80bln, Armenian Prime Minister Tigran Sargsyan reported. He said that one of the key tasks in the education and health care sectors is improvement of financial mechanisms. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=97 The level of dollarization of Armenia\'s economy in the 2nd quarter, 2010, reduced by 7.7%, told the press service of Armenian Central Bank. According to CB data, volume of dram deposits on accounts of the country\'s commercial banks in 2Q grew by 3.4% under 4.3% reduction of deposits in foreign currency, less regard to the influence of exchange rate fluctuations. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=99 Armenian Prime Minister Tigran Sargsyan received a Chinese delegation headed by Vice Minister of Commerce of China Zhong Shan, told the Armenian governmental press service. The PM highly valued the level of development of Armenian-Chinese relations and stressed the significance of opening of \"Shanxi-Nairit\" Armenian-Chinese JV on production of chloroprene rubber. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=98 Ensuring economic growth in Armenia at the expense of industry is a positive factor, which should not be underestimated, Gagik Minasyan, Chairman of the Standing Parlaimentary Commission for Financial-Credit and Budget Issues, member of the Republican party of Armenia, reported. Referring to the data of the National Statistical Service of Armenia, the MP recalled that the industrial output in Armenia over the first half-year 2010 grew by 12.3%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=95 Armenian GDP in Jan-Jun 2010, as compared to the similar period of 2009 grew by 6.7% and in June as compared to May - by 31.7%. The preliminary data of Armenia\'s National Statistical Service say GDP volume in Jan-Jun 2010 in absolute terms made up AMD 1332 bln or USD 3.5 bln. GDP deflator index for Jan- Jun grew by 9.1%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=92 Unfavorable balance of trade in Armenia for Jan-Jun 2010 totaled USD 1281.2 million which was 17% higher than in the same period of 2009. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=93 GDP in Armenia was up 8.8% over Jan-May 2010 as against the same period of 2009. In May versus April, GDP was up by 14.3%. In Jan-May the GDP in absolute terms amounted to AMD 1017 bln or USD2.6 bln. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=84 In May 2010 Armenia\'s money supply decreased by 2% to AMD 780.1bln (USD2.1bln). As compared with May 2009 it dropped by 19.1%. The Central Bank of Armenia reports that in the structure of the money supply non-bank cash increased by 1% in May 2010 and by 12.5% as compared with May 2009 to AMD 255bln. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=90 Armenian state budget income may grow by AMD 35-40 bln by the end of 2010, Armenian Finance Minister Tigran Davtyan reported. He also added that in the conditions of the economic growth over the first 5 months of the current year the state has already managed to gather additional AMD 11.5 bln taxes. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=91 The World Bank is expected to provide USD 154 million loans to Armenia till the end of 2010 and in the first half of 2011 for implementation of six new programs, Aristomene Varoudakis, Head of the WB Yerevan Office, said in a press conference in Yerevan. He said that new credit programs will be submitted to the WB Board of Directors for approval before the above date. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=86 In the status of Armenia\'s trade partner Iran occupies the 7th place on the trade volume, whereas there is no limit for reaching more serious indices and for development and enhancing of the economic relations between the two countries, Armenian Deputy Economy Minister Ara Petrosyan reported at official opening of the Armenian-Iranian business forum. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=87 Dollarization growth rate is slackening in Armenia as deposits in terms of the national dram grew 0.1% in May versus April and deposits in terms of USD fell 3.5%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=89 Central Bank of Armenia has revised the forecasts for 2010 on private spending towards growth. According to CB\'s monetary policy program, the forecast for 2010 has been revised based on the active rates of recovery of the world and domestic economy. According to the revised forecasts, growth of private investments is expected in 2010, that is conditioned by increase of both private spending and private investments. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=85 Central Bank of Armenia forecasts 6.2% inflation in the country by late 2010, and 5.9% inflation - by Q1 2011, Central Bank\'s monetary policy program for 2Q 2010 says. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=88 http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=83 In Jan-Mar 2010 Armenia\'s foreign debt grew by 0.5% to USD 2980.926 mln, or 88.8% of the total national debt, say the preliminary data of the Armenian Finance Ministry given by the National Statistical Service of Armenia. As compared with Jan-Mar 2009, the foreign debt increased by 66.6%. 82.6% or USD 2.5 bln of the foreign debt was the debt of the Government (0.2% quarterly decline, twofold annual growth). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=82 The total trading volume in this biweekly period amounted to AMD 2.9 mln as against AMD 1.85 in the previous period. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=67 Market players commenced AMD 109.9 mln worth trading in this period as against 29.7 mln in the previous period having increased by about 270%. The traded securities were those of Shen Concern and Conversebank. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=68 The exchange rate of USD as against AMD is slowly stabilising after sharp movements in March and April. During the period it was floating within 385-390 range not showing any quick rise or decline trends. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=69 The global crisis has become an alarm of economy diversification and tax administration modernization for Armenia, Prime Minister of Armenia Tigran Sargsyan said during hearings on the state budget 2009 fulfillment in the National Assembly. He said the negative impact of the global crisis on Armenia could be softer but for the pre-crisis GDP structure where the share of capital construction was 27% of GDP, including 61% (16.4% of GDP) was the share of non-production housing construction. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=78 Armenian state budget revenues in 2009 were by 25.5% lower if the planned index and amounted to AMD 690 bln instead of 925 bln, Armenian Finance Minister Tigran Davtyan said over the hearings on Armenian state budget 2009 implementation. The expenditure programmes were implemented by 93.6%, having amounted to about AMD 930 bln. Savings of the current expenses were by 6% less than they had to be. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=79 The dollarization growth rates have reduced in April of the current year in Armenia. The growth of the dram deposits by 1.6% over the reported month is evidence of it, whereas the dollar deposits grew just by 0.8%, this was announced at the sitting of Central Bank Council, as press-service of the bank reported. The volumes of foreign currency crediting continue dominating over the dram crediting. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=81 Armenia raises from 64th to 52nd place in Global enabling trade report 2010 of the World Economic Forum (WEF). To recall, the Enabling Trade Index consists of 4 components: \\\"Access to markets\\\", \\\"Administration on the border\\\", \\\"Transport and communication infrastructure\\\", \\\"business atmosphere\\\". WEF specialists placed Armenia at the 9th place by market availability. The \\\"market availability\\\" component includes tariffs and other mechanisms with respect to imported goods, specific tariff share, as well as availability of preferential trade agreements as a positive factor. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=77 We have summed up the results of our economic development and anti-crisis measures and have realized that we should revise our macro-economic forecasts for 2010, Prime Minister of Armenia Tigran Sargsyan said during a government meeting today. It is obvious that the measures have yielded a positive result. The industry is actively growing. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=75 European Bank for Reconstruction and Development (EBRD) has revised GDP forecast for Armenia for 2010 from 2% to 10% in the updated WEO \\\"Regional Economic Prospects in EBRD Countries of Operation\\\". Thus, EBRD forecasts 3% GDP growth for Armenia in 2011. Average annual inflation is expected at 7% versus 3.4% in 2009. GDP growth for Q1 2010 totaled 5.5% as compared to the same period of 2009. EBRD forecasts 11.7% GDP growth for Q2 2010, an 8.1% growth for Q3 and 12.9% growth for Q4. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=74 The volume of private transfers to Armenia via the commercial banks account and payment organizations amounted to AMD 102 bln (USD 225 mln) by the end of 1Q 2010 having grown by 18% as against 1Q 2009. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=76 Didas International, Iranian construction and engineering company, plans to build a 5-star hotel in Yerevan. According to the general manager of the company, Payman Sheygan Rad, the construction is scheduled to start in August, after the completion of design works and public presentation of the project. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=72 Armenia is restoring the volumes and deepening trade relations with its strategic partners. Because of the post-crisis diversification of the structure of Armenian economy we see the dynamics of changing of the shares of the trade partners of Armenia in the structure of foreign trade turnover of the country. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=71 In 2010 the economic growth in Armenia in 2010 will be 3-4% at least, says the monetary policy program of the Central Bank of Armenia (CBA) for Q2 2010. According to the source, the CBA has revised the forecasts in favor of economic growth. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=70 According to Armenian Central Bank, starting from April of the current year and over 12 months the quarterly growth of the money supply and monetary base will be 3-4% against 6.4% and 4.8% in the same period of 2009, the monetary and crediting policy programme of Central Bank for the 2Q 2010 says. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=73 In Jan-Mar 2010 Armenia\'s foreign debt grew by 0.5% to USD 2980.926 mln, or 88.8% of the total national debt, say the preliminary data of the Armenian Finance Ministry given by the National Statistical Service of Armenia. As compared with Jan-Mar 2009, the foreign debt increased by 66.6%. 82.6% or USD 2.5 bln of the foreign debt was the debt of the Government (0.2% quarterly decline, twofold annual growth). http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=80 Armenbrok is pleased to announce the successful holding of presentation within IPO roadshow procedure in Nagorno Karabkh. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=39 Armenbrok organized a mass media press conference in Yerevan on the subject of first Armenian IPO. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=40 Armenia occupies the fifth place among 36 countries as to the level of business-optimism for 2009, yielding to India, Botswana, the Philippines and Brazil. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=37 In 2009 and 2010, companies, which make investments and import equipment to Armenia, which exceed 300mln AMD, will be allowed to pay VAT in 3 years after import realization. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=38 With the beginning of 2009 Armenbrok is excited to announce the launch of the first Armenian Initial Public Offering project of Nagorno Karabakh Republic based Hydro power plant \"Arcakh HEK\" OJSC. During the overall placement projects various local and international presentations, roadshows will take place. Armenbrok is underwriter and the organizer of the overall IPO project.
To learn more about the IPO please visit the page Investment banking on our official web site or use the following link http://www.armenbrok.com/page-al-services_investment.html http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=36 Dear Colleagues,
Armenbrok staff wishes you Merry Christmas and a Happy New Year!
Let the year 2009 bring you financial stability, wealth and superior returns to all your beginnings.
We would like to wish best fortune and good luck in new year.

Merry Christmas and Happy Near!

With best wishes,
Armenbrok Staff


http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=35 Dear Clients,
Due to state New Year holidays in Armenia, Armenbrok office will be closed until the next official working day of January 8, 2009. All the correspondence and mails received at this period will be answered duly after January 8, 2009.
Thank you. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=34 ԱՐՄԵՆԲՐՈԿ ներդրումային ընկերությունը հայտարարել է իր նոր` Արժեթղթերի միջազգային շուկաների և Ֆորեքսի բաժնի պաշտոնական բացման մասին:
ԱՐՄԵՆԲՐՈԿԸ հայտարարել է նաև ԱՐՄԵՆԲՐՈԿ բիզնես ակադեմիայի բացման մասին:
http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=65 Short text for the first news.
The jury was discharged after reaching deadlock during the initial hearings, which ended on Tuesday. The July 21 failed attacks happened 14 days after the July 7 London suicide attacks, which killed 52 commuters and four bombers.millions of crowds. The last \"dinosaur\" of the outgoing Communist epoch... But today he is a simple old man, whose personal life is surrounded by myths and tightly bolted. What is there - behind the deaf
The jury was discharged after reaching deadlock during the initial hearings, which ended on Tuesday. The July 21 failed attacks happened 14 days after the July 7 London suicide attacks, which killed 52 commuters and four bombers. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=33 As per 5 December 2008 Armenbrok Investment Company JSC became member of commercial and clearing-settlement systems in Central Depository of Armenia (part of NASDAQ-OMX Group) http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=32 Armenia expects receiving credits worth over USD 800 mln from World Bank. The Armenian government is completing negotiations with the World Bank on attraction of credits worth over USD 800 mln. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=31 The Central Bank of Armenia will invest AMD 5 bln in the capital of the Mortgage Fund. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=30 9.2% GDP growth recorded in Armenia for Jan-Oct 2008. GDP in Armenia grew by 9.2% over Jan-Oct 2008 as compared with the same period of 2007 and made up AMD 3,010 billion, the RA National Statistical Service reports. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=29 Inflation in Armenia in 4Q, 2008 is forecasted at 5.8% level and 3.5% in 3Q, 2009. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=28 Commercial banks of Armenia receive large amounts of credits from foreign banks in the period of financial crisis. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=27 According Armenian Prime Minister Tigran Sargsyan, the country has efficient tools which are capable to minimize the financial risks even in case of the worst scenario of development of the financial crisis. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=26 April http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=25 Armenia is planning to introduce new international financial reporting
standards within a year. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=22 The stock market was comparatively low over the last two weeks.
Trading volume at Armenian Stock Exchange during that period amounted to
20.3 mln AMD. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=23 In January 2008 the volume of retail turnover in Armenia increased by
10.7%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=24 Private transfers to Armenia carried out under international payment systems totaled 599 bln AMD, or 1.9 bln USD in 2007. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=19 Armenian economy highlights http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=20 On 04.03.2008 the board of the CBA increased the refinancing rate from 6.0% to 6.25%. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=21 Trade volume at Armenian Stock Exchange during that period amounted to 24.2 mln AMD. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=18 According to the data of the State Tax Service of the
Republic of Armenia, HSBC Bank Armenia became the first bank in the
mentioned list. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=17 Public Services Regulatory Commission (PSRC) of Armenia made a
decision to allow ArmRusgasprom CJSC to make additional closed issue of
shares worth a total of 95,503,500,000 drams (about 0 million) in favor of
Gasprom OJSC in 2008. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=16 During the first two weeks of February 2008 the activity on stock
market fell, totaling the trade turnover to 8.1 mln AMD. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=15 Short text;
Bank to acquire the business of Paul Hertel and Co., Inc., which serves as the foundation for the company\\\'s continued growth in insurance revenue. With the addition of CLA, the annual premium volume of Beneficial Insurance Services is expected to exceed 0 million, http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=14 His beard and dark-olive service jacket will enter the history like http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=13 Got a document, graphic, spreadsheet, program, or just a thought you want to share with your co-workers? The method you choose to share it depends on the content you\'re sharing, your personal work style, the tools you have, and if you\'re at home, in your office, or on the road. Learn about seven easy ways you can share information and get tips on how to use each one.

on the list below are not likely to be on the list one year from now. Bank of America recently agreed to sell its commercial brokerage operation, as did Commerce Bancorp, which is to be acquired by TD Banknorth. Greater Bay Bancorp has been purchased by Wells Fargo. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=12 Beneficial Insurance Services was formed in 2005 by Beneficial Bank to acquire the business of Paul Hertel and Co., Inc., which serves as the foundation for the company\'s continued growth in insurance revenue. With the addition of CLA, the annual premium volume of Beneficial Insurance Services is expected to exceed 0 million, with anticipated annual revenue of approximately million.
Beneficial ranked 97th among bank companies with .28 million in insurance brokerage revenues in 2006, according to Who http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=11 Three of the top ten on the list below are not likely to be on the list one year from now. Bank of America recently agreed to sell its commercial brokerage operation, as did Commerce Bancorp, which is to be acquired by TD Banknorth. Greater Bay Bancorp has been purchased by Wells Fargo http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=10 Seventh news http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=9 Fifth news http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=8 Short text. His beard and dark-olive service jacket will enter the history like Prosecutors told the court Wednesday they would seek a second trial against two other men Manfo Kwaku Asiedu, 34, and Adel Yahya, 24, after a jury failed to return verdicts in their cases. Both men deny conspiracy to murder.The jury was discharged after reaching deadlock during the initial hearings, which ended on Tuesday. The July 21 failed attacks happened 14 days after the July 7 London suicide attacks, which killed 52 commuters and four 123 http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=7 John Kennedy was killed. Somewhere in the periphery of our memory there is Nikita KhJohn Kennedy was killed. Somewhere in the periphery of our memory Kennedy\'s career as a political figure began in 1946, when he carried out a vigorous campaign and became the member of the House of Representatives in Congress from the Democratic Party.
Having spent three periods in the House of Representatives (1947-53), Kennedy worked as a member of the committees on labor and education.In November 1952 he succeeded in becoming a Senate candidate. As a senator http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=6 His beard and dark-olive service jacket will enter the history like His beard and dark-olive service jacket will enter the history like His beard and dark-olive service jacket will enter the history like http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=5 Short text for the second news. Castro has seen six Presidents of America, six leaders of the Soviet Union and Russsia. It was very long ago John Kennedy was killed. Somewhere in the periphery of our memory there is Nikita http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=4 Z13 Donec pellentesque. Mauris ultricies condimentum elit. Aenean lectus mauris, convallis sed, tempus ac, elementum quis, libero.Z13 Donec pellentesque. Mauris ultricies condimentum elit. Aenean lectus mauris, convallis sed, tempus ac, elementum quis, libero. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=3 Z3 Donec pellentesque. Mauris ultricies condimentum elit. Aenean lectus mauris, convallis sed, tempus ac, elementum quis, libero. http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=2 Z1 Integer sit amet sem et tortor aliquet vestibulum. Ut non neque eget lorem dignissim ullamcorper. Fusce pulvinar massa ut odio.aaasss http://www.armenbrok.am/kilikia2008/pages.php?al=news&id=1