The global economic crisis has struck Armenia's banking system. The income of a large number of banks has decreased by 20%, in addition to March devaluation. Nevertheless, the first quarter of the year is over and there is hope for the better. President of Anelik Bank Aram Mkrtchyan commented to on current problems and plans for future to PanARMENIAN.Net.

Under the global financial crisis, the task of searching for financial instruments to boost companies' competitiveness is getting increasingly important. Thus, leasing operations promise benefits. Still, complicated mutual settlement of accounts and legal relations are curbing a demand for leasing services. ACBA Leasing CJSC Deputy CEO Arsen Bazikyan comments on the current situation in an interview with PanARMENIAN.Net.

The phenomenon of transregional projects draws attention of politicians and investors. Geographical location of transit countries, like Armenia, appears as a significant factor. However, the policy led by Turkey and Azerbaijan is targeting at keeping Armenia aside of major energy projects. At that same time, Armenia faces a good outlook for cooperation with Iran and Russia. Habet Madoyan, expert of Mitq analytical center, presents his vision of the problem to PanARMENIAN.Net.