BUSINESS & ECONOMY

Developments serve base to further strengthen potential of Armenia’s economy – acting PM

Developments serve base to further strengthen potential of Armenia’s economy – acting PM

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.

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.