Putin strikes back

For the first time in the history of the World Economic Forum in Davos a Russian politician – Prime Minister Vladimir Putin delivered the keynote speech. The speech was followed by Panel Discussions. This question asked by Michael Dell, CEO of PC manufacturing giant Dell, during the Panel Discussions grabbed my attention. Dell asked “how can we, as an IT sector help you broaden the [Russian] economy as you move out of the crisis”, Putin…

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Armenian national currency overestimated by 27-30%, independent expert

Manaseryan is sure that appreciation of national currency hinders strengthening competitiveness of goods and services of local producers. It is not the only factor to hinder economy, there are also economic and political factors, he said. Nevertheless, the expert is sure that the process of the appreciation of Armenian dram results in rise of prices of goods both produced in the country and imported. “Over the last months our currency proved the strongest currency in…

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