Armenia`s government plans introducing SAFE format 

 Friday, April 26 2024 16:19:00
Armenia`s government plans introducing SAFE format 

ArmInfo.The RA government wants to introduce a new format for concluding an agreement - SAFE (Simple agreement for future equity). At a meeting on April 26, the RA National Assembly Commission on Economic Issues issued a positive  conclusion on the amendments to the law "On Joint-Stock Companies."

EEC: it is necessary to develop the initiative to establish EAEU  trading houses in Iran
 Friday, February 9 2024 15:20

ArmInfo.It is necessary to develop the initiative to establish EAEU trading houses in Iran and  in the territories of other promising partner countries.

>>>
Impact of re-exports on GDP growth within 1% in 2023
 Thursday, February 8 2024 16:41

ArmInfo.The impact of re-exports on GDP growth in 2022 was about 1%, and in 2023 - even  lower, which was associated with changes in the sanctions environment, a new reality replacing traditional directions, Deputy Minister of Economy Rafael Gevorgyan TOLD Armenia's Public TV. 

>>>
Armenia`s premier warns against misappropriation of funds 
 Thursday, February 8 2024 16:34

ArmInfo. The Government of Armenia will not abandon the program of subsidizing loans for the  creation of intensive gardens, even against the background of identifying cases of abuse during its implementation. "Financing will continue, and let those who steal be responsible for it," Prime  Minister Nikol Pashinyan said on February 8 at a cabinet meeting, during which changes were made to the program.

>>>
Tax paying employee number one hero in Armenia - premier 
 Thursday, February 8 2024 16:27

ArmInfo. Working and tax paying citizens are number one heroes in Armenia, Prime Minister  Nikol Pashinyan wrote on his Facebook account.  

>>>
Armenia`s economy minister comments on Georgia`s new cargo  transportation requirements
 Thursday, February 8 2024 11:20

ArmInfo. "We communicate with our cargo carriers on a daily basis, and the problem is not so  serious; companies can adapt to new requirements," Armenian Minister of Economy Vahan Kerobyan stated during government hour in Parliament, answering a question about the situation in Upper Lars in  view of Georgia's new requirements regarding restrictions on the number of tanks on vehicles. He emphasized in this regard that, of course, manufacturers are unhappy, but there are solutions.

>>>
Geopromining company fulfilling its investment commitments on  schedule - vice-premier 
 Wednesday, February 7 2024 21:01

ArmInfo.The main reason for the reduction in tax payments by Zangezur Copper-Molybdenum Combine  CJSC was the decline in world prices for copper and molybdenum, Armenia's Vice-Premier Mher Grigoryan stated on February 7 during government hour in the National Assembly of the Republic of Armenia.

>>>
It was investors who offered government to accept shares of companies  as gift - premier
 Wednesday, February 7 2024 19:28

ArmInfo.It was investors who offered the government to accept shares of companies as a gift, Prime  Minister of Armenia Nikol Pashinyan said on February 7 at government hour in parliament, commenting on the transfer of shares in a number of companies.

>>>
47 Armenian producers to their products at international food and  beverage exhibition Gulfood 2024
 Wednesday, February 7 2024 17:13

ArmInfo. 47 Armenian producers will present their products at the international food and beverage exhibition Gulfood 2024.

>>>
Vahan Kerobyan:  negative foreign trade balance to approach zero by  the end of 2023
 Tuesday, February 6 2024 19:36

ArmInfo. By the end of 2023, for the first time, Armenia's foreign trade turnover will exceed 110%  of the country's GDP, and the negative balance of foreign trade will approach zero. Armenian Minister of Economy Vahan Kerobyan stated on February 6 at a plenary session of Parliament.

>>>
Effect of external factors on Armenia`s GDP growth over 6% in 2022 
 Tuesday, February 6 2024 19:30

ArmInfo. The effect of external factors on Armenia's GDP growth in 2022 amounted to over 6%,  with the rest being due to the internal potential, Armenia's Deputy Minister of Economy Rafael Gevorgyan stated in an interview as he commented on the argument that the 2- digit economic growth in Armenia was due to relocated employees. 

>>>
State duties to be applied on exported gold, platinum and palladium  in Armenia 
 Tuesday, February 6 2024 19:24

ArmInfo.In Armenia, state duties will be applied on exported gold, platinum and palladium.

>>>
Four new metallurgical works put into operation in Armenia since 2020
 Tuesday, February 6 2024 11:24

ArmInfo. The extension of high rates of state duties on exported ferrous and non-ferrous metals  in Armenia for six months will allow increasing the volume of metallurgical production,  Minister of Economy Vahan Kerobyan stated on February 6 at the plenary session of the National Assembly of the Republic of Armenia, presenting the amendments to the law "On State Duty" in the second and final reading.

>>>
EDB forecasts 5.7% GDP growth in Armenia for 2024
 Monday, February 5 2024 14:59

ArmInfo.The Eurasian Development Bank (EDB) forecasts 5.7% GDP growth in Armenia in 2024. 

>>>
Armenia`s trade turnover with EAEU increased by 39% in 2023 -  Pashinyan
 Friday, February 2 2024 18:23

ArmInfo.At this stage, strengthening industry cooperation, creating new business connections, establishing cross-border trade in digital services and data exchange should be considered among the priority tasks of the  EAEU. Prime Minister Nikol Pashinyan stated on February 2 at a meeting of the Eurasian Intergovernmental Council in Almaty.

>>>
Ministry of Economy is ready to support  aluminum foil manufacturer  in Armenia, which is already feeling consequences of Western  sanctions
 Thursday, February 1 2024 22:42

ArmInfo. In order to mitigate risks in the aluminum foil industry, as well as to generate  profits and have a positive impact on the economy, it is necessary to diversify the structure of the export supply.

>>>
Yerevan Brandy Factory becomes first authorized economic operator of  EAEU in Armenia
 Thursday, February 1 2024 18:10

ArmInfo. Chairman of the State Revenue Committee (SRC) of Armenia Rustam Badasyan presented Yerevan  Brandy Factory CJSC with a Type 1 certificate for inclusion in the register of authorized economic operators of the Eurasian Economic Union.

>>>
"Gold" license plates put up for online auction 
 Thursday, February 1 2024 18:03

ArmInfo. From today, license plates 00 OO 000 will go on sale, Armenia's Premier Nikol Pashinyan  stated on February 1.

>>>
Water supply needs to be more affordable - premier 
 Thursday, February 1 2024 18:01

ArmInfo. "We have big problems in the water supply sector. And this is the area where we must show  political will and make decisions," Prime Minister Nikol Pashinyan said on February 1 at a cabinet meeting, pointing out that the authorities' efforts should be aimed at providing people with water,  and not at curbing prices.

>>>
Armenia not a racketeer - Vahe Hovhannisyan 
 Thursday, February 1 2024 11:40

ArmInfo.Armenia is not engaged in racketeering, Minister of Finance Vahe Hovhannisyan told a press  conference as he commented on the transfer of shares of a number of companies to Armenia as a gift. 

>>>
Armenian-Czech business forum held in Yerevan
 Wednesday, January 31 2024 20:15

ArmInfo. An Armenian-Czech business forum was held in Yerevan.

>>>

News
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
Read more


Exchange rates
26.04.2024
RUB4.220.00
USD388.08-0.52
EUR416.29-0.44
GBP485.57-0.41
CAD284.160.14
JPY24.75-0.24
CNY53.55-0.08
CHF425.34-0.20