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.
