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.
BUSINESS & ECONOMY
“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.
Armenia’s economic activity index for JanuaryApril 2017 surpassed the index of the same period of the previous year by 5.7%. The National Statistical Service has introduced the current-operative preliminary main macro-economic indicators characterizing the socio-economic situation of Armenia.
SAS Group Armenia runs one of the fast growing and leading supermarket chains – SAS Supermarkets.
Decrease of growth temp is conditioned by April’s index. This April compared with previous year’s April economic activity grew by 3.7%. Meanwhile in March, compared with previous year’s March, activity growth comprised 6.8%.
The community has over 5 thousand hectares of land which can be cultivated, half of which is in a dangerous zone. In some years, the Azerbaijanis had cultivated lands from their side and then quickly set it ablaze, and the re spread in the Armenian direction. The first ‘solar village’ is considered to be Lernamerdz community of Armavir.
“Currently there are energy production capacities in Armenia, which means Armenia’s market is enlarging and already regional considerations may be examined here. These opportunities include both traditional energy production and use of new—renewable green energy sources,” the Ambassador said, stressing that purpose of the conference is introduce existent opportunities in energy sector.
Firstly, Yerevan City Council elections were marked with rather low participation. Only 345 thousand out of 840 thousand eligible citizens have gone to the polling stations. Participation level comprises 41 percent.
On May 16 the Board of the Central Bank of Armenia (CBA) made a decision to keep the refinancing rate unchanged, setting it 6.0%, press service of the CBA told. In April, 2017, 1.0% ination was registered compared to 0.3% deation of April, 2016 which was mainly related with the formation of higher levels of prices of agricultural products.
On the other hand, SRC activeness contains risk for itself as well. If in the second quarter tax entries are over-fulfilled not by 12 billion, but e.g. 20 or 25, the Government may change its mind and raise the benchmark, demanding e.g. 80-100 billion extra taxes.
“By working with the Armenian government, we try to ensure favorable conditions in order for the business environment to be interested in making investments,” he said.
The EU-financed ‘Assistance for migration and border management in Armenia’ program began modernization works of border checkpoints in southern Armenia with the UNDP and state structures of Armenia.
Starting May 20, Armenia Airlines will operate the Yerevan-LondonYerevan regular flight with a stopover in Tbilisi, Georgia, Armenia Airlines told.
“It’s a matter of responsibility toward the homeland. However, let me say both I and many of the group members have pondered for weeks prior to joining: which is correct—keeping distance or involving in it?”
Growth temp of Armenia’s economy based on World Bank (WB) anticipations will comprise 2.7% in 2017. It’s enshrined in “Trade in Transition” report issued by the WB.
94.5% of the state budget has been formed at the expense of tax revenues and state fees, over 4.7% at the expense of other revenues, 0.8% at the expense of official grants. In the first quarter of 2017, the state budget entries amounted 255.5 billion AMD tax revenues and state fees, exceeding the quarterly program by 4.2%.
In the analytical part of recent economic development in Armenia it’s stated that the Russian recession continued to negatively impact remittances, which fell by 35 percent in 2015 and a further 10 percent in 2016.