The state revenue committee said the current system is being automated starting June of 2017. The process of license provision for imports of radio-electronic and (or) high-frequency devices for civilian use will be automated – it will substitute the earlier process whereby hardcopy documents had to be applied and presented.
During today’s Cabinet meeting, the Armenian government approved the subsidizing program for interest rates of loans for the agricultural sector.
He added that the path taken by the government at the moment is sufficient to some extent. At the same time he stated that they are dissatisfied with the implementation process of several programs and would like to have better results.
SME Investments provided 2,3 billion drams in loans in privileged conditions to 63 businesses in the reporting period.
Stressing that next year will mark the 25th anniversary of establishing diplomatic ties with the Czech Republic and Slovakia, President Serzh Sargsyan attached importance that this anniversary be celebrated with true achievements.
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.
The Central Bank is seeking to solve the transparency issues of mortgage loaning in Armenia and clarify conditions and rules, which will enable consumers to protect their rights.
Over the past year 4-5% decrease in interest rates of all loans has been registered in Armenia, Vice President of the Central Bank of Armenia (CBA) Nerses Yeritsyan said in the parliament in response to the question of Tsarukyan bloc MP Mikayel Melkumyan.
“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.
Machinery equipments and raw materials of industrial significance imported to Armenia will be exempted from VAT on the border from January 1, 2018 under proposed changes in the legislation.
