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.

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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SRC: individuals-residents of Armenia must pay tax on income received  abroad
 Friday, February 16 2024 16:59

ArmInfo. If a citizen works abroad, but is at the same time a resident of Armenia, then he is  obliged to independently calculate and pay income tax on the income he receives from this work, as well as submit an online income declaration to the tax authority of the Republic of Armenia no later  than May 1 of the following year, the State Revenue Committee of Armenia reports.

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Expert: SRC should have taxed labor migrants only after large-scale  information campaign for them, which was not done
 Friday, February 16 2024 16:48

ArmInfo. The decision of the State Revenue Committee of Armenia on taxation of labor migrants  and penalties in case of non-payment is extremely unfair. Tatevik Bezhanyan, Advocacy Officer at Armenian Caritas Migration and Development Project , stated during a press conference on February 16.  

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Global economic growth to slow -EDB
 Friday, February 16 2024 13:14

ArmInfo. Global economic growth will slow, according to the Macroeconomic Outlook 2024-2026 by  the Eurasian Development Bank (EDB). 

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EDB expects fiscal policy to stimulate Armenian economy in 2024 
 Friday, February 16 2024 13:10

ArmInfo.The baseline scenario projects Armenian GDP growth at 5.7% in 2024 and 5.3% in 2025. Inflation could accelerate to  3.6% in  2024 amid continued elevated domestic demand, a moderate weakening of the national currency, and the ongoing cycle of refinancing rate reductions, according to the Macroerconomic Outlook by the Eurasian Development Bank (EDB). 

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Armenia amends Gyumri Urban Roads Project agreement with EBRD
 Thursday, February 15 2024 13:04

ArmInfo. On February 15, the Government of Armenia approved the proposal to sign Agreement No. 2  on amending the loan agreement Gyumri Urban Roads Project signed between the Republic of Armenia and the European Bank for Reconstruction and Development (EBRD) on May 11, 2016. 

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Food Safety Inspection Authority of Armenia responds to  Rospotrebnadzor`s decision to suspended sale of Jermuk mineral water
 Wednesday, February 14 2024 15:01

ArmInfo.Jermuk mineral water has been exported to Russia since 2001, gradually increasing the volume from 350,000 liters to 15,273,000 liters per year, and each imported batch complies with the technical regulations of the Eurasian Economic Union, reads an official statement by the Food Safety Inspection Authority of Armenia. 

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Ministry of Economy: Armenia almost doubled industrial and natural  diamonds` export in 2023
 Monday, February 12 2024 19:04

ArmInfo. At the end of 2023, 4.4 million technical (synthetic) and natural, rough and processed diamonds were  exported from Armenia, almost twice as much as a year ago. Arevik Margaryan, Head of the Department of Strategic Sector of the Ministry of Economy, informs.

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Armenian official, ADB reps discuss construction, management projects  
 Monday, February 12 2024 12:34

ArmInfo. Armenia's Deputy Minister of Territorial Administration Vache Terteryan held a meeting  with a delegation of the Asian Development Bank (ADB) led by Mr Don Lambert, Country Director for ADB's Armenia Resident Mission.

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Emphasis in export strategy must be placed on markets not yet open to  us - Armenia`s economy minister 
 Monday, February 12 2024 12:33

ArmInfo. "The emphasis in the export strategy must be placed on markets that are not yet open  to us," Armenian Minister of Economy Vahan Kerobyan stated during a working discussion of the results of the analytical report on the export strategy for 2025-2030, developed with the support of the US Agency for International Development (USAID).

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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.

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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. 

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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.

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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.  

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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.

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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.

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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.

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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.

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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.

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News
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