“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?”
The data issued by the RA National Statistical Service (NSS) yesterday make this upsetting snapshot even more complete. Thus, NSS issued GDP data for the third quarter of 2016 (from 2011 GDP calculations are being introduced once in a quarter). In the third quarter of ongoing year Armenia’s GDP comprised AMD 1 trillion 518.3 billion.
Tigran Khachatryan, Deputy Minister of Economic Development and Investments, stated that the Ministry attempts to find all the possibilities, by which continuity of production with “Ashtarak Kat” Company may be guaranteed. “We attempt to guarantee workplaces for the Company’s employees. This is very important for peasants, who had a long activity with the company and sold their agricultural goods. This is a complicated process and decision wasn’t made in a day.”
