- ACCA News- Last chance to advertise in the Armenian Platinum Business Directory
- Australian Business News- World Cup Fever Can Boost Morale in Your Office
- Armenian News- Microsoft opens Office in Yerevan
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The Chamber's next networking night will be held at Miramare Gardens on Wednesday 28th June, starting at 6.30pm. For $40 you will enjoy a 2 course dinner with coffee, and enjoy socialising with your fellow chamber members. Drinks will be available for purchase at the open bar, as will cigars. Miramare Gardens is situated at 289 Mona Vale Rd, Terry Hills. Further information regarding this function will follow, however if you are interested in attending please RVSP to the Chamber's administrator, Elaine Clayton on 0425 272 292.
LAST CHANCE TO ADVERTISE IN ARMENIAN PLATINUM BUSINESS DIRECTORY
Produced annually by the NSW Department of State and Regional Development, the Competitiveness Report brings together economic, trade and other data from a range of respected industry sources to compare selected business locations within the Asia Pacific,
The statistics provided by the Competitiveness Report show that NSW has the largest and most diverse economy in the
The report shows NSW comprises more than 34 per cent of the nation's GDP and accounts for 44 per cent of the nation's services exports.
It also shows:
- 45 per cent of the top 500 companies in
- 17 of the top 20 global banks have operations here
- Exports of goods and services in NSW in 2004-05 were valued at $39 billion
- More than 80 per cent of NSW's industry income is derived from services.
Source: www.australianbusiness.com.au
With Australia’s campaign for the 2006 soccer World Cup underway, employers are being encouraged to use Australians passion for the Socceroos as a way of building workplace morale.
“This is a world phenomenon that Australia has missed for the past three decades, possibly the only sporting events to rival it are the America’s Cup win in 1983 and the Sydney Olympics”, said Mary Doherty, ABL State Chamber’s resident soccer fanatic and Regional Manager.
“There will be a few nay-sayers who will be moan possible productivity loss, however smart businesses will use the World Cup to generate workplace morale and enthusiasm.
“Office tipping competitions, business sponsored coffee-breaks on mornings after games, green and gold mufti days, are the types of things that businesses can do.
“Whilst I expect there will be many workers (and bosses) yawning through the morning after World Cup days, I don’t think we will see absenteeism.
“I expect many soccer die-hards will talk with their employers to arrange leave – and for those workplaces which operate around the clock, I expect we will see many TVs brought in, no different than the Olympics.
“Our workplaces are becoming more flexible and part of that flexibility, is the ability and capacity for both employers and employees to plan for big events such as the World Cup.
“What is important is that employers and employees detail their expectations in relation to work performance during the World Cup. There is a world of difference between a few yarns and a bad hangover. If you are expecting to have a big night, then my advice is to arrange your leave well ahead of time so you can enjoy the game, without putting your work and reputation at risk.
“We should not forget that serious workplace accidents do occur when people are tired or have hangovers, so we all need to take extra care in relation to occupational health and safety.
Ms Doherty said she did expect some industries in Australia to profit from the World Cup – retailers of plasma and flat screen TVs, sporting apparel and memorabilia, newspapers, coffee sellers, pubs and clubs operating 24 hours, taxis, late night takeaway outlets, the gaming industry and products associated with the Socceroos.
NSW’s largest business organisation ABL State Chamber has welcomed today’s announcement by the NSW Coalition to exempt employers from the cost of Workers Compensation premiums for apprentices.
“This is an excellent initiative. It provides another incentive for businesses to take on an apprentice and as importantly, encourages businesses to make an investment in skills”, said Mark Bethwaite, Chief Executive of ABL State Chamber.
Mr Bethwaite said that business had been saying for some time there needed to be a community re-alignment in thinking about the value of trades and this initiative reflected that realignment.
“This initiative fits with the Federal Government’s work in supporting businesses through the New Apprenticeship Centres. It is incentives such as the one announced today that encourage employers to make an investment in skills.
“ABL State Chamber, through its training arm ABL NAC, is one of largest private providers of New Apprenticeship Support Services in NSW We know this initiative will have a positive impact on business costs and in encouraging businesses to take on apprenticeships.
“When an employer invests in skills by taking on an apprenticeship, ultimately the whole community benefits through increased supply of skilled labour.
Mr Bethwaite said it was pleasing to see both sides of politics begin to take up the skills issue in NSW.
“This announcement, alongside the Budget funding for ten trade schools, reflects the type of initiatives we need to improve the skill base of NSW. We need now to focus on the wider systemic issue of making training in NSW more responsive to business needs.
Source: www.australianbusiness.com.au
The NSW State Budget represents more of the same from the State Government said NSW's largest business organisation ABL State Chamber.
"From a business perspective, the Budget is a letdown - it is more of the same at a time when the NSW economy needs a kickstart." said Mark Bethwaite, Chief Executive of ABL State Chamber.
"The potential opportunity to revitalise the NSW economy is on the backburner whilst we wait for the March 2007 State Election to get out of the way.
"Expenditure continues to grow, the Budget is in deficit and there is no relief for NSW businesses who are paying the highest business taxes in Australia. Meanwhile, NSW still has the slowest rate of economic growth and the highest unemployment in Australia.
"I do not believe the surpluses estimated for coming years are deliverable. It is important to remember that the 2005/06 Budget projected a surplus of $481 million in 2006/07 and the final result was a deficit of $696 million - the Government got this year wrong by $1,177 million.
"ABL State Chamber earlier this year warned that unless the Government made significant expenditure cuts now the NSW Budget position would dramatically worsen. That prediction has proven correct.
"The one certainty from this Budget is that, no matter who wins the 2007 State Election, there will be a Mini Budget next year.
"Ultimately the people of NSW lose - the Government is fearful of making the necessary tough decisions and the NSW Opposition promises solutions but has not provided a costed framework for its policies.
| 2005/06 $M |
2006/07 $M |
2007/08 $M |
2008/09 $M |
2009/2010 $M | |
| Payroll Tax collections | 5,112 | 5,438 | 5,810 | 6,176 | 6,555 |
| Increase over 2005/06 | N/A | 326 | 698 | 1,064 | 1,443 |
| Cumulative increase in revenue | N/A | 326 | 1,024 | 2,088 | 3,551 |
| % Increase in payroll tax collections on 2005/06 | N/A | 6.3% | 13.7% | 20.8% | 28.2% |
"Payroll tax continues to be a burden on NSW businesses. NSW has the highest payroll tax rate in Australia at 6.00% and the Budget projects accumulated increases of $3.5 billion going forward.
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Armenian diamond and goldsmith companies have reported a drastic decline in output in the first four months of this year, saying overall they produced 27 percent less goods than a year ago.
More than 3500 companies with foreign capital exist in
Margaryan said that the investment field and legislative framework of
Article Posted on 08/05/2006
Source: www.armeniadiaspora.net
Iran
and
Based on the deal, Iran's natural gas exports to the Transcaucasian state is scheduled to hit three million cubic meters per day, an official with the National Iranian Gas Company (NIGC) said.
The agreement over the construction of the natural gas pipeline was signed between the officials of the two countries during the Armenian President Robert Kocharian's visit to
ARMENIAN GOLDSMITH AND DIAMOND SECTOR REPORT SLUMP
Article Posted on 15/05/2006
Source: www.armeniadiaspora.net
Gagik Mkrtchian, head of a trade and industry development ministry's department dealing with this sector, said in terms of money 12 companies which the ministry monitors produced this year 28.4 billion Drams worth of goods, against 38.7 billion drams from a year ago. He said 75 percent of the output was manufactured by diamond cutting companies. Consequently sale and exports in the first fourth months of 2006 were 24 percent lower than a year ago. The slump has also affected wages which fell to 44,000 drams ($100) on average, less than the national average wage.
Mkrtchian attributed the slump to crises in global markets saying the higher prices of oil and gold coupled with the depreciation of the US Dollar's value have significantly cut demands for luxury goods.
He also said that there were domestic reasons for the slump, such as a lack of effective management, lack of financial resources and problems with the supply of raw diamonds from
Microsoft Corporation launched its first official office in
According to Vahe Torosyan, the Vice-President of Microsoft for the Central and Eastern Europe Region, the opening of the Armenian office is of great importance for the country, especially in light of recent improvements in
The Chairman of the Union of IT Enterprises, Hovhannes Avoyan said the opening of Microsoft’s office in Armenia will enable the country to take its deserving place within the corporation and enable it to take full advantage of the business opportunities Microsoft offers.
Microsoft Corporation was founded in 1975 and at present it is the world leader in the sphere of software development and servers, service rendering and elaboration of Internet-technology. Microsoft products are sold in more than 80 countries and its software has been translated into more than 45 languages. The company also has representative offices in other CIS countries, including the
ARMENIAN IT SUCCESS STORY
Source: AZG Newspaper
What makes Nabaztag unique is that Violet has found a way to make technical objects friendly. Not only can users receive transmitted emotions that tell Nabaztag owners they are loved through pulsing colors or sounds, but they can be programmed to tell traffic, weather and stock reports at a scheduled time.
Why Nabaztag? "First, because I’m Armenian," he replies. "Second, it’s hard to find names nowadays and if you want to differentiate a product you want something that sounds different. When you look at Japanese products they have Japanese names, like Tamagotchi. Nobody knows what it means but you get used to it—so why not Armenian? People in
MORE THAN 3500 COMPANIES WITH FOREIGN CAPITAL OPERATING IN ARMENIA
Article Posted on 25.05.2006
Source: www.armeniadiaspora.net
RAILWAY LINK BETWEEN ARMENIA AND GEORGIA OPERATIONAL AGAIN AFTER 13 YEARS
Article Posted on 29.05.2006
Source: www.armeniadiaspora.net
ARMENIAN GDP GROWS 9.7% IN FIRST FOUR MONTHS OF 2006
Article Posted on 02.05.2006
Source: A1+ News Agency
In the first four months of this year
The committee said according to preliminary data, almost 188 billion Drams worth of industrial goods, not counting indirect taxes, were manufactured in this period of time, 3 percent down from figures of the first four months of 2005, but the industrial growth in April of 2006 was 12 percent higher against March. During this period, Armenian power generating facilities produced 2.144 billion kilowatt hours of electricity, down 11 percent from a year ago.
The Statistical Committee also said the population's incomes in January-April of this year amounted to 431.4 billion drams and their expenditures rose to 443.2 billion drams, of which 356.1 billion were spent on the purchase of goods and payments for services. Compared with figures from a year ago incomes and expenditures grew respectively 17 and 20 percent.
By the end of April the army of officially registered unemployed man and women made 91,000 people, 12 percent down from a year ago. The committee also said the average wage was 58,000 drams, 21 percent higher from a year ago. Wages in the public sector made 41,000 drams and 71,000 drams in private companies, the growth against 2005 was respectively 23 and 20 percent.
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Hazreh Mesropian on 0411 652 921
23rd June: Msgr Anton Totonjian is in Sydney from Armenia for a special presentation dinner dance night to explain the Economic Condition in Armenia, and some success stories, projects and future plans. The evening commences at 7.00pm at Lidcombe Catholic Club and the donation is $100. For enquiries contact:
M Khachiki on 0425 286 458
24th June: AGBU Centennial Ball. Starting at 7.00pm at the Crystal Palace, Luna Park, Milsons Point. Entertainment by Lucineh and Arpa. Donation of $125 includes pre dinner drinks at 7.00pm, 3 course meal, wine and beverages. For tickets please contact:
Lucy on 0412 216 307
28th June: Chamber's Networking Night, Miramare Gardens, Terry Hills, from 6.30pm. For enquiries please contact Elaine Clayton on 0425 272 292.
July
8th July : Abgoosht Karaoke. Only 100 tickets! To be held at Havakadegh Santa Rosa Park, Quarry Road, Ryde. For bookings call Anik Panosian 9875 2696 or 0405 151 708.
22nd July: Garoon's 15th Birthday celebrations. Villa Rosa Lounge. For more information please call Sissy on 0402 929 335.
August
4th August: Karnig Sarkissian will be performing live with his band from USA at 8.00pm at the North Sydney League's Club. Adult Tickets $25, Under 18s $25. For information call 9623 6478.
6th August: Over 35's Basketball All Armenian Gala Day. Willoughby Leisure Centre. To register call Ara on 0414 787 031.
2nd September: Hamazkaine Arshak & Sophie Galstaun School 20th Anniversary Dinner Dance. Starts 7.30pm at the 5 Star Event Venue, Miramare Gardens. Tickets are $150 for Adults, $120 for 16-17yrs and will be on sale every Wednesday at the Armenian Cultural Centre Willoughby.
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Shop 8, The Village, 43 Burns Bay Rd, Lane Cove, NSW 2066; PO Box 647 Lane Cove, NSW 1595
Phone: (02) 9418 9964; Fax: (02) 9418 6911; Web: www.armenianchamber.com.au; Email: info@armenianchamber.com.au
