“We must have a route connecting the Persian Gulf to the Black Sea through a railway. By this we will create favorable conditions for our people, as well as those of other regions”, he said.
The European Union extended economic sanctions against Russia for another six months, TASS reports. The press service of the European Council informed about this.
A number of issues related to the sector, in particular, the problems raised in foreign markets over the realization of Armenian products were discussed.
“There are natural monopolies, which are a few fields and it’s provided to the companies upon legislation. Besides, there are no monopolies in Armenia, there are companies with leading positions. It’s peculiar to countries with small economy, and for that we have a special commission, which through its daily work and activities should control that there was no abuse of a dominant position.”
However, cargo transporters observe upsetting regularity. Particularly in the last 2 years (after Armenia’s membership to EEU) Lars has become more problematic.
Exchange rate variations are bothering from the perspective of Armenia’s external debt, as in state debt/GDP ratio only 10% is expressed in Armenian dram. Mark Davis, Head of the Yerevan Resident Office of European bank for Reconstruction and Development (EBRD), told at today’s parliamentary hearing on “Economic component of Armenia’s foreign policy,” said paying attention to the existent fiscal rules.
“From investment perspective today Armenia has certain privileges in the region, being a country, which implements balanced trade policy as an EEU full member, we are capable to develop good relations with the EU, Iran and Arabic countries, which is important from the perspective of business,” the Deputy Minister said.
From next year OSCE Office in Yerevan will implement new programs on improvement of the investment field and business environment in Armenia, which will be implemented in support of UN development and trade expert support, aimed at raising Armenia’s investment attractiveness. Argo Avakov, Head of the OSCE Office in Yerevan, told today at parliamentary hearings on “Economic component of Armenia’s foreign policy.”
The National Statistical Service of Armenia informed that diesel fuel price declined by 2.9% during the same period. Gasoline and diesel fuel prices declined by 15.8% and 21.8% respectively in November 2016 against November
“Today the law defines general provisions on housing mortgage. The proposed legislative package concerns the peculiarities of housing mortgage, which will result in citizens being able to use more transparent and protected mortgage loans.”
