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.”
“In terms of social payments, private entrepreneurs, notaries and self-employed individuals having fine obligations on failing to make payments within defined period of times are also exempt from the fines. Individuals having tax obligations in terms of VAT who alienated two or more properties until September 30, 2016, are also exempt from fines and penalties,” he said.
In reply Armenian Premier Karen Karapetyan said, “I’m not sure that the deal will be concluded very soon, however, even in case of the deal I don’t observe a risk. As a 25% shareholder of the pipeline providing transit, we don’t observe any risk, that the Georgian side will behave not in accordance with the agreement.”
News was being circulated on issues of this big company yet from the previous year. Then it turned out that the news not only corresponds to the reality, but everything is even more serious—the company goes to bankruptcy.
“The authorities pursue their policy themselves. Can pressures totally lack? As much as we are oppressed, the more we have the right to protect our interest, i.e. go against. If we go back to the April war: who provided armaments to Azerbaijan? How Azerbaijan entitled itself to attack on Armenia? Was that the initiative by Azerbaijan alone?”
