Double increase in turnover tax rate will stimulate transition to common taxation system: Deputy Minister Friday, May 17 2024 19:30:00
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 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. |
Friday, December 15 2023 14:06
ArmInfo. Japan has introduced a new package of anti- Russian sanctions, which includes a ban on imports of non-industrial Russian diamonds, export restrictions, and asset freezes, the country's Ministry of Economy and Trade said. >>> |
Thursday, December 14 2023 20:56
ArmInfo.The Armenian-American metallurgical plant in Yeraskh (Ararat region), which was regularly targeted by the Azerbaijani side, will be relocated and built in Ararat village of Ararat region, RA. The corresponding decision was made on December 14 at a meeting of the Armenian government. >>> |
Thursday, December 14 2023 12:58
ArmInfo.The signing of a peace treaty between Armenia and Azerbaijan is very important, as is the establishment of diplomatic relations between these countries. Asset Assavbayev, Secretary-General of TRACECA told reporters today, on the sidelines of a Ministerial Meeting of Landlocked Developing Countries, answering a question about blocking access to the seas by Azerbaijan and Turkey. >>> |
Thursday, December 14 2023 12:09
ArmInfo.For the second year in a row, the Armenian economy will become the leader in terms of economic growth among the countries in the region. According to estimates by the Eurasian Development Bank (EDB), the country's GDP growth at the end of 2023 will be 8.3% (against the previously projected 7.5%). Alexey Kuznetsov, Head of EDB Research Department, announced on Thursday in Almaty, presenting the EDB Macroeconomic Outlook 2024-2026. >>> |
Thursday, December 14 2023 11:51
ArmInfo.RA Prime Minister Nikol Pashinyan participated in the Ministerial Meeting of Landlocked Developing Countries, entitled "Promoting equal, affordable and inclusive transport connectivity for stable and resilient economies", one of the largest events ever organized in Armenia jointly with the United Nations. >>> |
Thursday, December 14 2023 10:56
ArmInfo. All projects of the Eurasian Development Bank (EDB) in Armenia are relatively large. Nikolai Podguzov, Chairman of the Board of the EDB, stated this on December 14 in Almaty, summing up the Bank's activities this year. >>> |
Wednesday, December 13 2023 18:45
ArmInfo. The International Monetary Fund (IMF) forecasts per capita GDP growth in Armenia in 2023 to $8,029 (from actual $6,569 in 2022), with further y-o-y increases to $8,352 in 2024 and $8,967 in 2025. IMF reports, also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown to 5% in 2024 and to 4.5% in 2025. >>> |
Wednesday, December 13 2023 18:39
ArmInfo. The International Monetary Fund (IMF) has opened Armenia's access to a loan of approximately $24.4 million (SDR 18.4 million) under the Stand-by Agreement (SBA), bringing the total access amount to approximately $73.3 million (SDR 55.2 million). also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown in 2024 to 5% (as previously expected). In terms of inflation, the IMF points to its rapid decline in Armenia, and predicts a return to the target threshold of 4% by mid-2024 and stabilization near this level. >>> |
Export Insurance Agency of Armenia (EIAA) celebrates its 10th anniversary with launch of new service
Tuesday, December 12 2023 15:05
ArmInfo.The Export Insurance Agency of Armenia (ESIA) celebrates its 10th anniversary with the launch of a new third service: insurance for financing capital investments for the organization and development of export-oriented industries. >>> |
Tuesday, December 12 2023 15:02
ArmInfo. "USAID is making a huge investment in Armenia's economy!", USAID Armenia reminds. >>> |
Tuesday, December 12 2023 14:59
ArmInfo. Today, as a result of the actions of unfriendly countries and a number of external factors, the Russian aluminum industry is under unprecedented pressure, which puts it on the verge of an acute crisis with severe long-term consequences, the Russian Aluminium Association reports. >>> |
Monday, December 11 2023 11:37
ArmInfo. In Armenia, state duty rates on exported excisable goods will be increased 10 times, Armenia's Parliament at the plenary session on December 11, in the second and final reading, discusses amendments to the law "On State Duty". >>> |
Friday, December 8 2023 20:01
ArmInfo.The US Agency for International Development (USAID) is launching a new Economic Foundations for Resilient Armenia project in Armenia. >>> |
Friday, December 8 2023 19:58
ArmInfo.A meeting of the Armenian-Egyptian intergovernmental commission will be held in Egypt from February 4 to 6. >>> |
Friday, December 8 2023 19:56
ArmInfo. Armenia and Georgia are starting cooperation in the field of food security. This was reported by the press service of the Ministry of Economy, referring to the signing of a memorandum of understanding between the parties. >>> |
Friday, December 8 2023 19:54
ArmInfo. In January-October 2023, the RA state budget expenses, compared to the same period last year, increased by 14.3% or 238.9 billion drams, mainly due to an increase in social benefits and pensions, expenses on non-financial assets (capital expenses), interest payments, as well as an increase in grants. >>> |
Friday, December 8 2023 19:52
ArmInfo. The Armenian authorities intend to implement a radical reform in the tourism sector. At the plenary session on December 8, the National Assembly of the Republic of Armenia is discussing in the first reading the draft law "On Tourism" and a package of related laws. >>> |
Friday, December 8 2023 11:30
ArmInfo.Economic growth for 2023 is the result of continuation of positive factors from the previous year. However, if at the beginning of the year economic growth was quite high, in the second half of the year, starting from June-July, the growth rate of economic activity slowed down, amounting to about 6%. If the downward trend in growth continues, the 7% target could be in jeopardy in 2024, leading to budgetary difficulties as tax revenues also decline, according to an analysis by the Luys foundation. >>> |
Friday, December 8 2023 11:22
ArmInfo. In Armenia, the storage of the state gold reserve will be delegated to other departments. At the plenary session on December 8, the National Assembly of the Republic of Armenia approved in the first reading the amendments proposed by the Government of the Republic of Armenia to the Criminal Procedure Code and the package of related laws. >>> |
Friday, December 8 2023 00:24
ArmInfo. The Armenian Parliament has approved the main financial document for 2024. 71 MPs voted for its adoption, 25 MPs voted against. According to the document, in 2024, in conditions of ensuring 7% GDP growth, the revenues of the state treasury of Armenia will amount to 2 trillion 723 billion drams (25.9% of GDP), and expenses - 3 trillion 206 billion drams (30.5% of GDP). >>> |
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