1.4% of state budget incomes for 2015 in Armenia has been provided on account of tax incomes and state dues, which comprised AMD 1067.9 billion and provided the annual program clarified within RA Government liabilities by 93.6%. AMD 1035.5 billion from the abovementioned sum comprised tax incomes, and AMD 32.4 billion—state dues.
In 2015, Armenia’s external trade concentration level by countries has decreased, because of 4.7 pp. lower share of trade partner Russia in the structure of exports. The latter has diminished the sensitivity of Armenia’s economy to unfavorable developments in Russia.
Mher Davoyan has graduated from the Faculty of Oriantal Studies, Yerevan State University. He was editor-in-chief of “Munetik” and “Noratert” newspapers, also founder and editor of “Qaghaq” (City) newspaper.
“The Herfindahl-Hirschman Index of Concentration for main balance sheet items (assets, liabilities, total capital) denotes that concentration of the banking sector remains low, which limits the likelihood of the impact of concentration risk on the financial stability,” CBA report reads.
As mentioned in Financial Stability Report 2015 of Central Bank of Armenia the growth of foreign debt is a result of the relocation of the second trench of Eurobonds with a total value of USD 500 million in March 2015. Funds attracted from international organizations at the end of the year also had their impact on the growth of foreign debt.
As mentioned in Financial Stability Report 2015 of the Central Bank of Armenia, indices for banking system assets-to-GDP and loans-to-GDP have decreased by 6.0 and 5.5 percentage points and comprised accordingly 68.5% and 39.8%.
The International Finance Corporation (IFC) and Business France will help Armenia prepare a new law on investments. Artsvik Minasyan, RA Minister of Economy, told about this on joint session of the National Assembly committees, and regarding the performance of the 2015 State Budget.
We are bearers of oldest and precise history, for centuries we had our investment in the development of world civilization. The duduk is another chance to leave our signature in the history of humanity, which perfectly contributes to attaching attention of tourists of various countries towards our country and culture.
Our city much lacks free works, they should be free, full of life and warmth. Recently I noticed that grave-like works appear in our city. If you place them in cemeteries, they won’t vary from tombstones.
Armenian public opinion is gradually coming to the conclusion, that present-day governing system is not simply adequate to settle country’s issues, it’s not able to defend country’s physical security. Authorities should draw conclusion very rapidly and implement very serious systemic changes in the political system, as well as in the fields of economy and diplomacy
