18:31 29/07/2010

Toyota recalls 412,000 cars

Japan's Toyota Motor Corp said today it would recall 412,000 high-end passenger cars in the United States to fix steering problems, Reuters reported. Toyota, which has conducted a string of recalls this year, will recall 373,000 of its 2000-2004 model year Avalon saloons because the steering lock bar in these vehicles could break under certain conditions, it said in a statement. It will also recall 39,000 of its 2003-2007 model year LX470 sports utility vehicles to eliminate the ...

16:18 29/07/2010

Armenia, Russia agree to build new nuclear units in Armenia

Armenian government approved today of the suggestion on signing a cooperation agreement between the governments of Armenia and Russia on building new nuclear units in Armenia. Earlier the government also agreed to equip the newly constructed Armenian nuclear unit with Russian hydro-power reactor infrastructures, as well as establish Armenian-Russian joint “Metsamorenergaatom” CJSC, which is open to other investors, according to the government's information department. ...

12:04 29/07/2010

Armenia has more than 1 million internet subscribers

  Public Services Regulatory Commission of Armenia (PSRC) told Panorama.am 1 million 396550 internet subscribers are officially recorded in Armenia, this figures includes GPRS and physical and judicial bodies. According to the official data that figure greatly differs if GPRS subscribers are not listed – 132 493.    PSRC gets information from about 60 providers. New data about the second term aren’t yet available. According to Internet ...

11:12 29/07/2010

Obama urges Senate to approve small business bill

  President Obama cast his latest economic pitch yesterday as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. In Washington, Senate majority leader Harry Reid had hoped to schedule a Senate vote on the small-business bill, but Republican leaders said they wanted the opportunity to offer amendments to the measure. Leaders of both parties said they were unable to reach ...

15:28 26/07/2010

IMF doesn’t expect sharp currency fluctuations in Armenia

The International Monetary Fund (IMF) doesn’t expect sharp currency fluctuations in Armenia but rather the IMF forecasted currency flexibility for Armenia. IMF resident representative in Armenia Guillermo Tolosa told reporters today the currency exchange rate is formed through the results of market relations, and fluctuations are possible depending on some factors. He said that the economic growth in Armenia complies with the IMF forecasts. IMF forecasts say 4,8% GDP growth ...

14:22 24/07/2010

Georgian official appropriates sums allocated for repairing Armenia-Georgia electricity wire

The former general manager of “Georgian-Russian Energy” Georgi Sheradze and his deputy Shota Maisuradze have been detained on charges of appropriation of 2,1 mln. Georgian laris provided for repairing and improvment of Armenia-Georgia 400-vatt electricity wires. According to Gruzia online, the court has made a verdict on 2-month detention.  

17:59 22/07/2010

Nokia profit falls 40%

Nokia Oyj, the world’s biggest maker of mobile phones, posted a steeper-than-expected 40 percent drop in second-quarter profit on competition from Apple Inc.’s iPhone and devices based on Google Inc.’s Android software. Net income fell to 227 million euros ($291 million), or 6 cents a share, from 380 million euros, or 10 cents, a year earlier, after Nokia last month cut forecasts for the period’s revenue and margins. Analysts had predicted profit of 285 million ...

13:15 22/07/2010

Armenian government to provide $109 thousand for Kyrgyzstan

The government decided at today’s sitting to allocate humanitarian aid of 40 mln. AMD (about $109 thousand) to Kyrgyzstan. Earlier Kyrgyzstan had addressed the CIS member states over financial support and, according to Finance Minister Tigran Davtyan, Armenia responded as far as it could afford. Over 200 were killed, and a great many houses were destroyed in the clashes in Kyrgyzstan. Note that Armenia also provided for Haiti and Tajikistan $100 thousand each over earthquake ...

13:24 21/07/2010

Prime Minister receives World Bank delegation

Prime Minister Tigran Sargsyan today received the delegation of the World Bank headed by Senior Economist for the South Caucasus Pedro Rodriguez. The issue of improvement of the law on subsoil was raised at the meeting, government’s information department reported. In particular, reference was made to the details of the fiscal policy applicable to mining industry. Emphasizing the importance of the issue, the Prime Minister commissioned to create a task force comprised of ...

10:28 21/07/2010

China to become world’s top energy consumer

  China has overtaken the United States to become the world's top energy consumer for the first time, a new report says. Provisional figures from the International Energy Agency indicate that China's energy demand has doubled in a decade. The IEA said China had taken first place because it was hit less hard than the US by the global financial crisis. China challenged the report's findings, saying its figures were unreliable.

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