“On presidential level Iran stated in Yerevan that this project is realistic. The only issue of the project is seeking finances, and if it fails today, it doesn’t mean that it won’t succeed tomorrow. Particularly, when according to experts the project is possible to implement within a small budget.”
In addition, a memorandum of cooperation and the 2016-2021 inter-regional cooperation program have been signed between the ministry of industry and trade of Russia and the ministry of economic development and investments of Armenia.
There is no any guarantee that this year import volumes will be recovered and reach 2 billion m3. Of course, purpose of tariff reduction by “Gazprom Armenia” was consumption increase, however, Karen Karapetyan himself isn’t sure that gas supplier will reach that goal.
“There is no change of stance whatsoever and the stance of the Co-Chairs is well-known from those announcements which have been made multiple times, but Azerbaijan always acted beyond them, and the reporter’s obscene question led to such approach,” Kocharyan said.
Countries adopt inspection reform as a popular and effective tool to improve the business environment. Inspection reform in Armenia has introduced a completely new approach—risk-based inspections, which allows the government to reduce the frequency of inspections on low risk businesses, and focus resources on those with higher risks, saving businesses’ time and resources.
“I believe the time has come for us to engage in Armenia’s development more actively international companies, various experts, gifted individuals as well as to participate more substantially in the international division of labor.”
Total number of employees in state system will be reduced by 3000 in 2017. Armenian PM Karen Karapetyan stated about this at the press conference launched on Friday. In which fields will main reductions be recorded in the state system and how much will be economized as a result of optimization?
Judging from GDP indices for the first quarter 2016 and Economic Activity Index (EAI) for January-November 2016 (0.6%) it isn’t difficult to suppose that GDP will be less than 1% for the year—much lower, than anticipated.
Thus, state debt compared with the beginning of the year has grown by AMD 415.8 billion or USD 828.7 million. It’s noteworthy that only in December state debt has grown by AMD 185.3 billion or USD 342.5 million.
Pursuant data issued by the National Statistical Service foreign investments in real sector of Armenia’s economy have reduced by 72% throughout January-September 2016 (by AMD 69.6 billion) and comprised about AMD 30 billion.
