“We are touching upon the equal field, however, we had other precedent, when prior to the crisis Governments of both Hovik Abrahamyan and Tigran Sargsyan supported business. It’s already not about the equal field, but the Government mediated, and the practice of large loans, allocation of tax privileges extended for a rather long period.”
“While the regime is engaged in theatrical ceremonies of improving the government system and the electoral process, obviously directed not to the recovery of the state but to strengthening and perpetuating their own authority, real economic disaster, this time in disguise of sweet-sounding word “default”, threatens our country.”
Referring to the Tax Code, E.Tarasyan stated that they have intensive connection with businessmen, the Ministry conducts analysis in which Tax Code the directions may prevent economic growth and what possible changes may be implemented.
One of the biggest issues, according to him, is that pressure of state debt service on the budget has increased. If debt payments comprised 1-2% of budget incomes, then presently they exceed 8%. According to Arshaluys Margaryan this means that increase of budget expenditures only provides the debt service.
“For example, make out a white list of non-risky countries and accept their invoice price. I mean the countries where there is a VAT refund. We need to study this area in order to streamline it and curb the red tape by minimizing the field for application of reference prices. Businesses need to understand the rules of the game. I think we will succeed here.”
Armenian NPP launched implementation of programs on planned repair and extension of its exploitation. Movses Vardanyan, Acting General Director of ANPP, told reporters today. According to him, it’s planned that the block will be under repair for 67 days—until November 25, which has been agreed with the Commission.
Vice PM presented the advantages and opportunities of doing business in Armenia. Vache Gabrielyan said Armenia is distinguished by the degree of business environment liberalization and is ranked 35th in ease of doing business, and 5th in establishing business among 189 countries in the World Bank index.
It was her turn for a question, and that’s what she asked. We were in Armenia at a private press briefing with three of the most powerful philanthropists in the world, and she used her question to ask where George Clooney was.
According to Prime Minister of Armenia Karen Karapetyan’s decision, Karen Tamazyan was appointed Deputy Minister of Finance.
Pursuant data issued by RA National Statistical Service in the period of January-August 2016 export volume has grown by 18.9% and comprised USD 1 billion 129.7 million.
