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.
