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Social / CSR in Armenia

  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • Armenia’s socio-economic indicators deteriorating

    ARMENIA, 2014/02/08 Armenia's total all of national deficit increased by $216.4 million to roughly $4.6 billion in 2013. The lion's share in the structure of the national deficit belongs to foreign deficit amounted to additional than $3.9 billion, up by about $164.7 million year on year, the Armenian National Statistical Service reported. Socio-economic indicators for 2013 clearly confirm that Armenia has turned into a country with increasing all of national deficit. The figure appears on the background of a recent statement published by the World Financial Integrity, which suggests that during the period between 2002 and 2011, some $6.2 billion has been illegally taken out of Armenia as a result of government corruption, tax evasion and other illicit financial dealings.
  • Armenia loses chance to receive Millennium Challenge Corporation funding

    ARMENIA, 2013/12/15 Armenia has lost its luck to obtain funding from the Millennium Challenge Corporation (MCC), because it has not met standards related to democracy, corruption index, transparency and other factors, the director of the Armenian mission of USAID, Karen Hilliard, said. Armenia cannot receive the financial aid this year, because other nations had a higher rating, the official said. "We have learned that the Millennium Challenge Corporation has made its choice. The South African country, Lesotho, will receive the assistance. But Armenia's name is not even mentioned in the MCC statement," Armenian media reported.