Government approves ratification of agreement on determining origin  of goods exported from EAEU

 Thursday, May 2 2024 19:27:03
Government approves ratification of agreement on determining origin  of goods exported from EAEU

ArmInfo. At a meeting on May 2, the Armenian Cabinet approved the draft law "On the ratification of the  "Agreement on a harmonized system for determining the origin of goods  exported from the customs territory of the EAEU".

Tax authorities propose not to tax labor migrants with annual income  of up to AMD 12 million 
 Tuesday, February 27 2024 13:42

ArmInfo.The Armenian authorities may not to tax the income of citizens traveling abroad  for seasonal work if their annual income does not exceed 12 million drams (about $29 thousand at the current exchange rate).

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Gnel Sanosyan: potential of industrial companies and specialists of  Armenia is growing
 Tuesday, February 27 2024 12:31

ArmInfo.From year to year, the budget of the Ministry of Territorial Administration and Infrastructures is growing, and the lion's share of the funds goes to capital expenditures. Minister of Territorial Administration and Infrastructures Gnel Sanosyan stated  in an interview.

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Armenia`s economic activity increased by 10.7% per annum in Jan 2024
 Monday, February 26 2024 15:44

ArmInfo.Economic activity in Armenia increased by 10.7% in January 2024 compared to January 2023  (versus 10.5% growth a year earlier). In January alone, economic activity decreased by 45.1% (versus a 46.1% decline in January 2023), and the decline was recorded in all areas except the energy complex, according to the  preliminary data from the RA Statistical Committee.

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Food Safety Inspectorate  did not reveal any violations at Jermuk  Group enterprise after inspection
 Friday, February 23 2024 19:40

ArmInfo.  The Food Safety Inspectorate  did not reveal any violations at the Jermuk Group  enterprise as a result of the inspection. This is stated in the official statement of the Food Safety Inspection Body of Armenia.

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Erik Tintrup: Germany will continue to assist Armenia in tourism  development
 Friday, February 23 2024 19:38

ArmInfo.  Within the framework of the EU4Business "Innovative Tourism and Technology  Development for Armenia" (ITTD) project, 150 companies were established, that received technical and financial support, 126 received grants and more than 350 took part in various ITTD programs.  Vassilis Maragos, head of the EU mission in Armenia, announced during the concluding event held at the National Centre of Chamber Music on February 23.

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Armenia ideally positioned to offer India alternative sea trade  route, especially with Europe - Armenian minister 
 Friday, February 23 2024 12:52

ArmInfo. Armenia is ideally positioned to offer India an alternative sea trade route, especially  with Europe, Narek Mkrtchyan, the country's minister for Labor and Social Affairs, said on the sidelines of the ninth edition of the Raisina Dialogue in the national capital on Wednesday.

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Armenia`s government kept election pledge -premier 
 Friday, February 23 2024 12:51

ArmInfo.Armenian Prime Minister Nikol Pashinyan believes that the current government has  fulfilled its election promise on economic growth.

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Armenia`s authorities suspend taxation of labor migrants 
 Friday, February 23 2024 10:58

ArmInfo.Reacting to the objective dissatisfaction of citizens, the Armenian authorities decided not to tax Armenian citizens who went to work abroad for a period specified by law if they paid income tax in the country where the income was received, Chairman of the State Revenue Committee Rustam Badasyan stated on February 23 at a meeting of the Cabinet of Ministers.

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In terms of GDP per capita, Armenia is in first place in South  Caucasus - Pashinyan
 Thursday, February 22 2024 16:33

ArmInfo. Prime Minister Nikol Pashinyan's working visit to France continues.As the press service of the RA Premier reports, on the morning of February 22, the Prime Minister visited the "Elite Club of Political Dialogue", where he had a meeting with the heads of a group of large  French companies operating in various fields.

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Tourism Committee, SDA to cooperate in tourism development in Lori,  Tavush, Vaiots Dzor, Syunik 
 Wednesday, February 21 2024 18:53

ArmInfo. On February 19, a memorandum of understanding was signed between the Tourism Committee  under the RA Ministry of Economy and Strategic Development Agency NGO within the framework of "Living Landscapes for Market Development in Armenia" project funded by the Swiss Agency for Development and  Cooperation and implemented by the Armenian Branch of the World Wildlife Fund (WWF-Armenia) in cooperation with Strategic Development Agency (SDA).

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Armenian authorities` GDP forecasts for 2024 seem overstated - expert 
 Wednesday, February 21 2024 18:47

ArmInfo. Haykaz Fanyan, Director of the Armenian Center for Socio-Economic Studies (ACSES),  said in response to ArmInfo at a press conference organized by the Economic Journalists Club. 

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Tatul Manaseryan: In case of utilization of competitive advantages,  Armenia`s business activity growth could be within 7-8% by end of  2024
 Wednesday, February 21 2024 15:15

ArmInfo. The main driver of economic growth in Armenia in 2024 may be the utilization of the  country's competitive advantages in the context of using the opportunities of the free economic zone between Iran and the EAEU. A similar opinion was expressed by Tatul Manaseryan, Doctor in Economics, Professor, Head of the Alternative Research Center, member of the Eurasian Expert Club during a press conference on February 20.

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Rustam Badasyan: until issue of taxation of labor migrants is finally  resolved, no coercive measures will be used
 Wednesday, February 21 2024 15:06

ArmInfo.The State Revenue Committee (SRC) of Armenia is discussing with the Ministry of Finance  the issue of applying benefits for certain categories of citizens traveling to work in the Russian Federation. Head of the State Revenue Committee of Armenia Rustam Badasyan stated  on February 21  in a conversation with journalists.

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Armenia`s GDP growth slowed to 8.7% in 2023
 Wednesday, February 21 2024 10:20

ArmInfo. Armenia's GDP growth slowed down to 8.7% in 2023 (from 12.6% in 2022), amounting to 9.503  trillion drams ($24.2 billion). The GDP deflator index also decreased - to 102.8% from 108% in 2022, according to the data of the RA Statistical Committee published on February 20.

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Net inflow of transfers to Armenia decreased by 36% in 2023
 Monday, February 19 2024 18:58

ArmInfo. The net inflow of private transfers to Armenia decreased by 36% in 2023, in absolute  terms it decreased from $2.6 billion to $1.7 billion. As evidenced by the dynamics of 2022, this figure showed an unprecedented threefold increase.

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Economist: Outflow of remittances from Armenia to continue to grow in  2024
 Monday, February 19 2024 18:46

ArmInfo.There is a high probability that the inflow of remittances in 2024 will decrease by  about 15%, while the outflow will continue to grow. Economist Aghasi Tavadyan expressed a similar opinion on his Facebook page.

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Transavia to start operating flights on route Lyon - Yerevan - Lyon 
 Monday, February 19 2024 16:12

ArmInfo. From 13 April 2024 Transavia will start operating flights on the route Lyon - Yerevan- Lyon. 

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Bank of Georgia announces proposed acquisition of Ameriabank for  $303.6 million
 Monday, February 19 2024 14:21

ArmInfo.  Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition  of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement.

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Former MP on economic situation in Armenia: "What is brought by water  will go with water"
 Friday, February 16 2024 17:44

ArmInfo. Those economic and financial processes that began to develop in 2018 were associated  with international developments, and primarily with the Russian- Ukrainian conflict. Former member of the National Assembly of Armenia, who for many years headed the Parliamentary Standing Committee on Economic Affairs  Gagik Minasyan stated on February 16 during a conversation with journalists.

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Armenia, Iran discuss possibilities of strengthening logistics ties  between  two countries
 Friday, February 16 2024 17:44

ArmInfo. During his working visit to Iran, Deputy Minister of Economy of Armenia Narek Teryan  held a number of meetings with officials of the Islamic Republic of Iran (IRI).

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