During the government session on September 22, Prime Minister Karen Karapetyan said during the recent Armenia-Diaspora conference in Yerevan, complex information on Armenia’s economic potential, investment programs and the recorded economic growth was presented, and in this sense the government has a task to make this more available.
BUSINESS & ECONOMY
The state revenue committee said the current system is being automated starting June of 2017. The process of license provision for imports of radio-electronic and (or) high-frequency devices for civilian use will be automated – it will substitute the earlier process whereby hardcopy documents had to be applied and presented.
During today’s Cabinet meeting, the Armenian government approved the subsidizing program for interest rates of loans for the agricultural sector.
He added that the path taken by the government at the moment is sufficient to some extent. At the same time he stated that they are dissatisfied with the implementation process of several programs and would like to have better results.
SME Investments provided 2,3 billion drams in loans in privileged conditions to 63 businesses in the reporting period.
Stressing that next year will mark the 25th anniversary of establishing diplomatic ties with the Czech Republic and Slovakia, President Serzh Sargsyan attached importance that this anniversary be celebrated with true achievements.
At a conference hosted by the American Chamber of Commerce, in cooperation with the U.S. Embassy in Yerevan, U.S. trade representatives discussed export opportunities with the Armenian business community. This is the second conference in Armenia focused on GSP, building on a 2016 discussion on the subject facilitated by GSP Director Aimee Larsen.
The Central Bank is seeking to solve the transparency issues of mortgage loaning in Armenia and clarify conditions and rules, which will enable consumers to protect their rights.
Over the past year 4-5% decrease in interest rates of all loans has been registered in Armenia, Vice President of the Central Bank of Armenia (CBA) Nerses Yeritsyan said in the parliament in response to the question of Tsarukyan bloc MP Mikayel Melkumyan.
“The launch of joint gate and its operation means elimination of double control and procedures. The second part of the agreement clearly mentions the steps which facilitate the movement of goods via means of transport, as well as the passenger transportations”, Mirumyan said.
Machinery equipments and raw materials of industrial significance imported to Armenia will be exempted from VAT on the border from January 1, 2018 under proposed changes in the legislation.
Our ultimate goal to the future is to have an independent, safe, fair and smart Armenia, says PM Karapetyan
“To build our future, ensure our security it is necessary to have a developed, competitive and innovative economy. The economy of the 21st century should develop thanks to dynamic digitization, smart adaptation to the environment. This will be possible only in case of modern, globally competitive, highly qualified and motivated labor force. The base of future Armenia must start from school and continue constantly”, the PM said.
During the discussion the PM attached importance to the further development of the Armenian-Russian partnership in the industry sector and emphasized that he sees true great prospects for it.
The PM tasked the ministers to include their best specialists in these working groups.
Prime Minister of Armenia Karen Karapetyan tasked relevant authorities regarding the time periods for VAT returns for viticulture and winemaking exporters.
The president also commented on the figures which were promised by the previous governments, which performed partially. He commented about the opinions that during the parliamentary elections the ruling party didn’t perform its promises fully, and neither has the president during the presidential election – namely regarding the minimum wage, economic growth figures.
“This is a unique opportunity for all our customers to buy their favorite model with up to 50 % sale. Our discounts occur on continuous base and our priority is to satisfy customers by offering the most trendy shoes and accessories”- says BALDI operations manager.
“The State will subsidize interest rates in priority spheres” – Karen Karapetyan meets with banking sector representatives
Chaired by Prime Minister Karen Karapetyan, another consultation was held today with the representatives of the banking sector.
Reference was made to the summit due to be held this year in the framework of Estonia’s chairmanship, at which a comprehensive and extended partnership agreement is to be signed between Armenia and the European Union.
SAS GROUP Armenia has started a new business venture by introducing thematic and decorative cakes under “SAS SWEET” label. Upon ordering cake, customers are provided with detailed professional consulting by creative designer’s team. “SAS SWEET” takes the most venturesome orders and implements the most extravagant ideas for wedding, baptizing, birthday, tooth party and other celebrations. Moreover, the decorative particles of cake are made from eatable materials.
The World Economic Forum published the Global Competitiveness Report 2016-2017, reports Armenpress. Armenia is ranked 79th in the list of 138 countries. Compared to last year, Armenia improved positions by three points. Last year the country was ranked 82nd.
According to the published data, 93 countries improved their positions while 68 deteriorated. The GPI is being published in the past 11 years. This year for already 9th times Iceland is leading as the most peaceful country in the world.
Tigran Sargsyan stated that the goods produced in EAEU member states are recognized in the market, and the fact that the agricultural sector of those states develops at a very high pace, speaks about broader opportunities to increase supplies.
According to him the inflow of foreign direct investments is positive and AMD 19.7 billion direct investments were recorded in the first quarter of 2017. According to the Minister numerous investments and reinvestments were made by local investors as well.
Promises given in the action plan of the government, then in RPA pre-election program, as formerly stated, mostly didn’t contain target. Only several promises contained concreteness among which was reaching export volume to 40-45% of GDP.
SAS Supermarket now has a new address at 11/1 Arshakunyats avenue under one roof with SAS FOOD COURT. Innovative design and new technical solutions stand for new supermarket where range of exclusive products are presented. From now on, visitors can enjoy their favorite meal and do all the necessary shopping in supermarket located at the same address.
Production of polymer or plastic banknotes is more expensive, however, they are more beneficial, as they serve long.
National Statistical Service of Armenia from 2009 each quarter sumps up and publishes main indices of ICT. Those indices are given in section “Curious statistics”.
Car loans and card credits decreased by 38,8% and 2,2% respectively. The overwhelming share in the consumer crediting structure consist of card (36,1%) and gold deposit loans (23,8%).
Armenia will soon propose China the unilateral GSP (generalized system of preferences) system for important Armenian products, Hovhannes Azizyan, deputy minister of economic development and investments of Armenia said during the May 27 EEU-Armenia Cooperation business forum.
“Armenia” airline will launch regular flights en route Barcelona from July 12. “Flights will be operated on Wednesdays. Flight duration – 5 hours. Have a nice flight and soft landing”,,Gevorg Khachatryan, deputy director of Armenia airline said on Facebook.
“These are important, because problems might occur for exporting products to EEU markets, and in this event insurance is very important in both nancial terms, and in case of force majeure situations,” he said.
And in case of Georgia WB has taken the number of visitors. To be clear how these figures differ, exact data should be brought. In 2016 total 2.9 million visits to Armenia have been recorded (source: volumes of RA border crossing per RA border checkpoint), from which 1.26 million comprised tourist visits. In 2016 Georgia recorded 6.3 million visits, from which tourist visits comprised 2.7 million.
The operation of new flight became possible thanks to the meeting between Ambassador of Kazakhstan to Armenia H.E Timur Urazayev and Minister of Transport, Communication and Information Technologies Vahan Martirosyan. At the meeting the sides announced opening Astana-Yerevan direct flights.
The price of a round-trip ticket will start at €226, taxes and duties included. Belavia is Belarus’ largest air carrier performing regular flights to 49 airports in 27 European and Asian countries.
In a meeting with journalists on May 24 Mher Abrahamyan said that those announcements are so far away from the reality that they have started to take such announcements with humor. According to him, those publications have nothing to do with the reality.
The President’s budget maintains military parity between Armenia and Azerbaijan, at $600,000 for International Military Education and Training (IMET), but does not recommend Foreign Military Financing (FMF) to either country.
Armenia’s economic activity index (EAI) in January-April 2017 compared with the same period of the previous year comprised 105.7%. Note, in January-March EAI rate was higher—6.6%.
“There are excellent opportunities for economic cooperation between the two states. I hope in the future we will witness growth in trade turnover and the two peoples will feel the great achievements in those spheres,” Mahmoud Hojjati said.
The World Assembly of OIE Delegates will examine, with a view to adopting, a number of new intergovernmental standards covering animal disease control methods, including those for controlling diseases transmissible to humans, the safety of international trade in animals and animal products, as well as animal welfare.