BUSINESS & ECONOMY

Prices for 7 commodity groups rise due to EAEU

Prices for 7 commodity groups rise due to EAEU

According to the Agreement on the Eurasian Economic Union signed on May 29, 2014, Armenia shall be provided a transition period till 2022 to pass to the EAEU system of common customs tariffs (CCT). During that period the customs tariffs for the most important 770 commodity groups shall be adjusted to the CCT system.

Increase in food price greatly affects inflation in Armenia than in other countries of region – CBA President

Increase in food price greatly affects inflation in Armenia than in other countries of region – CBA President

The share of food in the consumer basket in Armenia is 41%, in Georgia 30%, Russia – 31% and Turkey 22%. Based on this the increase in prices of food greatly affects the overall figure of inflation in Armenia than in other countries of the region, President of the Central Bank Artur Javadyan said during the parliamentary hearings on the possibilities to mitigate price increase.

Armen Stepanyan: Spreading fears serves no good purpose

Armen Stepanyan: Spreading fears serves no good purpose

The difference in the quality of constructed roads and infrastructures is already visible for anyone who has ever seen a major construction and has anything to compare with. You can see the engineering solutions adopted from the best mining practice and advocated by us as a new approach in environmental management.

Armenian President receives Eurasian Inter-governmental Council members

Armenian President receives Eurasian Inter-governmental Council members

President of Armenia Serzh Sargsyan on October 25 received the members of the Eurasian Inter-governmental Council – Armenian Prime Minister Karen Karapetyan, Russian PM Dmitry Medvedev, Kyrgyz PM Sapar Isakov, PM of Belarus Andrei Kobyakov and Kazakhstan’s PM Bakytzhan Sagintayev, who are in Yerevan to take part in the Eurasian Inter-governmental Council’s session, press service of the President’s Office reported.

Armenian products to be exported to US using GSP program

Armenian products to be exported to US using GSP program

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.

Armenia, Iran facilitate mutual trade and customs control

Armenia, Iran facilitate mutual trade and customs control

“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.

Our ultimate goal to the future is to have an independent, safe, fair and smart Armenia, says PM Karapetyan

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.