7.5% economic growth, as well as over-fulfillment of approved tax program rates were recorded in Armenia in 2017, acting Prime Minister Karen Karapetyan said during today’s Cabinet meeting, adding that these developments serve base for further strengthening the potential of Armenia’s economy, as well as ensuring long-term, fundamental and tangible reforms for wide public circles.
BUSINESS & ECONOMY
Acting PM Karen Karapetyan is convinced that joining the Eurasian Economic Union (EEU) was a correct decision for the country. Karapetyan assures that joining the EEU did not limit Armenia’s entry to other markets.
On April 6, a cooperation agreement was signed between Converse Bank and Ayb Educational Foundation. Within the scopes of it, the All-Armenian Tournament of Young Chemists will be held on May 5, under the sponsorship of Converse Bank.
Armenian President Serzh Sargsyan talked about the country’s economic narrative under his leadership in an interview for a special edition of Gulf News newspaper and Global FDI Reports about Armenia.
Armenia has all the qualities to be an attractive destination for tourists from the Gulf region or elsewhere, President Serzh Sargsyan said in an interview for a special edition of Gulf News newspaper and Global FDI Reports about Armenia.
During today’s Cabinet meeting Armenian Prime Minister Karen Karapetyan asked deputy foreign minister Shavarsh Kocharyan whether the foreign ministry has specified the list of countries with which it’s possible to ease the visa regime.
The central banks of EEU countries are intensely working on the concept of a common financial market, Eurasian Economic Commission chairman of the board Tigran Sargsyan said.
Minister Manukyan considers inappropriate the construction of new energy unit of Armenia’s NPP at the moment
Minister of energy infrastructures and natural resources Ashot Manukyan doesn’t consider appropriate the construction of new energy unit of the nuclear power plant at the moment․
Agreements, including in the field of commercial cooperation, have been reached during Armenian Prime Minister Karen Karapetyan’s official visit to Lebanon.
The government has approved the concept of creating an engineering town and the timeline of subsequent actions.
Armenia’s minister of economic development and investments Suren Karayan presented the main contributor branches behind the GDP 7,5% growth in 2017.
Converse Bank has expanded the scope of beneficiaries of “Create your credit history” campaign and has extended its term.
On February 9, an exhibition of paintings by artist Peto Poghosyan – Peto – started in the customer service area of Converse Bank’s head office, where 25 watercolor works in the genre of urban painting are displayed.
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
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.
In order to carry out an effective social policy in Armenia it’s necessary to ensure a sustainable economic growth, for which an important precondition is to attract private investments, Finance minister Vardan Aramyan told reporters.
What have these investments brought to Amulsar adjacent communities? We have talked about this and other issues with Nara Ghazaryan, Social Sustainability Manager at Lydian Armenia.
We’ve facts when bids are won by suspicious structures – PM tasks introduction of pre- qualification for road construction sector
During today’s Cabinet meeting, PM Karen Karapetyan issued a task regarding introducing an institution of pre-qualification in the sector of road construction and reconstruction.
All five EEU member countries have completed ratifying the Customs Code.
Armenian Prime Minister Karen Karapetyan highlights toughening the control in prevailing commodity markets ahead of the New Year.
The results of the “Organic Agricultural Development” 2017-2018 program jointly implemented by ACBA-CREDIT AGRICOLE BANK and Nature and Biodiversity Conservation Union in Germany (NABU) have been summarized.
Trade turnover volumes between Armenia and Iran grew in the 10 months of the current year.
The Government of Armenia has approved the bill on amending the law on the country’s budget system and the law on state debt.
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.
Yerevan and Moscow are developing the roadmap for implementation of programs within the frames of a joint investment fund: the resources can also be directed for financing the programs in IT and energy field, President of Armenia Serzh Sargsyan said in an interview to RIA Novosti.
Cuts in governmental positions are planned in the state administration system, first deputy minister of finance Atom Janjughazyan said during parliamentary debates of the 2018 state budget draft.
The rules of gameplay must be equal for all businessmen, finance minister Vardan Aramyan said during parliamentary debates of the 2018 state budget draft.
It is expected to ensure 1 trillion 307 billion AMD revenue under the 2018 state budget draft of Armenia, first deputy finance minister Atom Janjughazyan said during the discussion of the 2018 state budget draft in the Parliament.
Armenia’s 2018 state budget draft aims at reaching a stable and long-term goal, finance minister Vardan Aramyan said during the discussion of the budget draft at the joint session of parliamentary standing committees.
Under the 2018 state budget draft the Armenian government planned a fiscal policy that will determine a sustainable economic growth for upcoming years, Prime Minister Karen Karapetyan said during the discussion of the 2018 state budget draft at the joint session of parliamentary standing committees.
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.
Prime Minister of Armenia Karen Karapetyan on October 25 will participate in the session of the Eurasian Inter-governmental Council in Yerevan.
During today’s Cabinet meeting, the Armenian government approved the bill on de-commissioning the first power unit of the nuclear power plant.
During today’s Cabinet meeting, the Armenian Prime Minister issued an instruction on exempting electric cars from taxes, duties and property taxes.
During the same period, 4.1 billion kWh electric-energy was consumed in the domestic market – an increase of 7,2%.
The cut has been recorded as result of raising the efficiency of tax administration. Unfulfilled tax liabilities amounted to 122,750,0 million drams as of September 1 – a decrease of 7,459,1 million drams.
He said taking into account the analysis made and the ongoing developments, it is expected that the country will have 4.3% real economic growth by the end of the year.
“I don’t want in this case to use the word suspend since we have already signed agreements which suppose over 1.7 billion USD investment in our economy during the upcoming 7-8 years. In addition to this, in order to be able to effectively increase that 1.7 billion USD volume, we should have a conservative behavior”, the finance minister said
He added that by the end of 2016, Armenia’s overall foreign debt, including the CBA’s debt, comprised 56.6% in the GDP. By the end of this year this figure will approach to over 58.8%.
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.