Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister

 Friday, May 17 2024 19:30:00
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister

ArmInfo.On May 17, the NA Standing Committee on Economic Affairs debated the draft law on Making  Amendments and Addenda to the RA Tax Code with the attached legislative package in the first reading. It was presented by the RA Deputy Minister of Finance Arman Poghosyan, the press service of the  RA NA reports.

Memorandums to be signed to allow Armenia to use Iran`s ports 
 Thursday, December 7 2023 15:27

ArmInfo. Iran expressed its readiness to provide favorable conditions for Armenian companies to  use the services of Iranian ports. The statement was made at Armenian Deputy Minister of Economy Narek Teryan's meeting with Head of Iran's Ports and Maritime Organization (PMO) Ali-Akbar Safaei. 

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Armenia`s Cabinet to amend North-South Road Corridor agreement with  EIB
 Thursday, December 7 2023 11:36

ArmInfo. On December 7, the Government of Armenia approved the proposal to sign letter No. 1 on  amending the grant agreement "North-South Road Corridor" dated November 18, 2016 between the Republic of Armenia and the European Investment Bank (EIB). On December 7, the Government of Armenia approved the proposal to sign letter No. 1 on amending amendments to the grant agreement "North-South Road Corridor" dated November 18, 2016 between the RA and EIB. 

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Armenia should produce high-quality products to have access to many  world markets - Kerobyan
 Wednesday, December 6 2023 17:36

ArmInfo. Armenian Minister of Economy Vahan Keorbyan assures that "at the moment, cars mainly pass  through the Upper Lars checkpoint."

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Crossroads of Peace project is bolstered by economic calculations,  Pashinyan assures
 Wednesday, December 6 2023 17:34

ArmInfo.Armenian Prime Minister Nikol Pashinyan assures that the Crossroads of the Peace project is  bolstered by economic calculations.

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Problems with supply of Armenian products to Russia were discussed in  Moscow
 Wednesday, December 6 2023 16:34

ArmInfo.On December 5,  head of the RA Food Safety Inspection Body Armen Hayrapetyan and head  of the Federal Veterinary and Phytosanitary Control Service of the Russian Federation Sergey Dankvert met in Moscow.

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`Always look in mirror before blaming others`: Zakharova on situation  at Upper Lars
 Wednesday, December 6 2023 15:28

ArmInfo.A number of representatives of the Armenian authorities considered the situation at the Upper Lars checkpoint to be political pressure, d there are those who do not think so. This was stated on December 6 during a weekly briefing by official representative of the Russian Foreign Ministry Maria Zakharova, commenting on the situation with Armenian trucks at the Upper Lars checkpoint and allegations that this is political pressure on Armenia.

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Armenia`s pensioners to get cash-back without changing accounts next  year
 Wednesday, December 6 2023 12:57

ArmInfo.In 2024, the program for the return of pensions and benefits for transactions on  non-cash payments for beneficiaries will not undergo any changes, Minister of Finance of the Republic of Armenia Vahe Hovhannisyan stated on December 6, during the presentation of the final version of  the draft state budget of Armenia for next year. 

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Reserve Fund planned to be increased next year
 Wednesday, December 6 2023 11:58

ArmInfo. In 2024, it is planned to significantly increase the Reserve Fund of Armenia's  government, RA Minister of Finance Vahe Hovhannisyan stated on December 6 at parliamentary hearings on the final version of the country's draft state budget for next year.

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Armenia`s budget deficit could be 4.6% of GDP
 Wednesday, December 6 2023 11:57

ArmInfo. There are all the prerequisites for bringing the state budget deficit of Armenia to a  level of 4.6% of the country's GDP, RA Minister of Finance Vahe Hovhannisyan stated at a parliamentary hearing on the 2024 draft state budget. 

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Armenia could serve as a bridge between India, Iran and EAEU  member-states - Mnastakan Safaryan 
 Tuesday, December 5 2023 14:22

ArmInfo. Armenia could serve as a bridge between India, Iran and EAEU member-states, Armenia's  Deputy FM Mnatsakan Safaryan stated at the conference entitled "New Regional Realities and the 'Crossroads of Peace'" which has opened in Yerevan.

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Ministry of Finance intends to delegate powers of management of  precious metals to other government agencies 
 Monday, December 4 2023 17:56

ArmInfo. The Ministry of Finance intends to delegate the powers of management, accounting, storage, alienation, sale, purchase of precious metals and stones stored in state and national reserves to other government agencies, Armenia's Deputy Minister of Finance Eduard Hakobyan stated at a meeting of the Committee on Economic Affairs, RA Parliament. 

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EEC discusses situation at Upper Lars checkpoint 
 Monday, December 4 2023 17:55

ArmInfo.On the initiative of Armenia's Ministry of Economy, the Eurasian Economic Commission  discussed the situation at the Upper Lars checkpoint. 

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Politics mixed with economy at Upper Lars checkpoint - Gagik Makaryan  
 Monday, December 4 2023 17:47

ArmInfo.The situation at the Upper Lars checkpoint is a show of muscle on Moscow's part, which  could be very costly for the Armenian manufacturer on the eve of the New Year holidays. At the same time, the economic authorities of Armenia themselves are insincere in communicating with the local producer, Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), told ArmInfo. 

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Vahan Kerobyan: Fly Arna national air carrier needs additional  funding
 Friday, December 1 2023 18:12

ArmInfo.Fly Arna national air needs additional funding.  Armenian Minister of Economy Vahan  Kerobyan told reporters during a briefing on December 1, answering a question regarding the possible cessation of flights by the airline in Armenia.  "I do not have such information. I know that the company needs additional financing, and this issue is now being discussed. I think appropriate solutions will be found. We are working with the company," the minister noted.

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Granatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property products
 Friday, December 1 2023 16:53

ArmInfo.Today, it is no longer possible to develop innovations based on platform technologies, which Armenian startups used for a long time to develop applications. A similar assessment was voiced by co-founder and  managing partner of Granatus Ventures, Manuk Hergnyan, during a panel discussion on the topic "Strengthening science: A bridge between science and business" as part of the "Days of Science and Business 2023" conference.

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Expert: Young scientists do not see opportunities in Armenia to  realize their potential
 Friday, December 1 2023 16:02

ArmInfo. Armenia has high human potential in the context of scientific thought, but in recent  years it has not made a big impact on the field, which certainly affects the deterioration of the condition of scientists, both materially and mentally. A similar opinion was expressed by Irina Dumanyan, General Director of the Armenian branch of Siemens, during a panel discussion on the topic "Strengthening Science: The Bridge  between Science and Business" at the "Days of Science and Business 2023" conference on December 1.

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Situation at the Upper Lars checkpoint was expected - expert 
 Friday, December 1 2023 11:12

ArmInfo.The situation at the Upper Lars checkpoint was expected, Gagik Aghajanyan, CEO, Apaven  forwarding company, told ArmInfo. 

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Don`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim Taleb
 Thursday, November 30 2023 19:26

ArmInfo. Don't believe the headlines that the world is facing instability because of Ukraine, Gaza or China. Today, the biggest risk is the situation in the financial markets associated with a possible collapse in the overvalued US real estate market and in connection with the huge national debt accumulated by Western  countries. The famous American essayist, economist, futurologist and risk manager, Ph.D. Nassim Taleb, known for his philosophical and economic bestsellers: Black Swan and Antifragile, says.

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New program to support processing industry enterprises is launched in  Armenia - Ministry of Economy
 Thursday, November 30 2023 19:23

ArmInfo. Armenia is beginning to implement a new program to assist enterprises in the processing industry, which will attract additional labor. RA Minister of Economy Vahan Kerobyan announced at a press conference on November 30, adding that the decision on the program was made at today's  meeting of the Cabinet.

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Armenia sees opportunities to develop country`s economy in tourism -  Kerobyan
 Thursday, November 30 2023 17:36

ArmInfo.Armenia sees opportunities in the tourism sector for the development of the country's economy, since we are talking about obtaining serious results with minimal investments. RA Minister of Economy Vahan Kerobyan statedon November 30 at a joint meeting with American writer and risk manager of Lebanese origin, Dr. Nassim Taleb.

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News
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
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Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
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No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
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Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
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FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
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EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
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