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.
The next signal of not waiting for speedy changes was given through budget draft 2017. It was stated that a rather tough budget will be available, expenditures will be considerably reduced.
In the declarations of these two Ministers there is one noteworthy circumstance, both have “inclined” to US dollar in the period of last year.
The Commission on Ethics of High-Ranking Officials of Armenia has already issued declarations of property and income of Armenian PM Karen Karapetyan and newly appointed Ministers as from the moment of assuming their positions.
The newly appointed Minister stated if the Government didn’t initiate means, then the result would have been negative. He noted that in the period of 2014-15-16 Armenia’s debt has grown by USD 900 million, i.e. just as much as transfers have been reduced.
State debt of the Republic of Armenia as of late August 2016 comprised AMD 2 trillion 603.8 billion or USD 5 billion 484.86 million. As RA National Statistical Service informs, as compared to the beginning of the year, the state debt has grown by AMD 147.5 billion, and only throughout August—AMD 40.2 billion.
NA MPs and related persons fill in annual declarations, which are published on the website of Ethics Commission. Thus, data of MPs regarding monetary resources, incomes, estate and loans for 2012 and 2015 have been introduced. A tool has been created, due to which, by using flexible filters, it’s possible to see how much e.g. monetary resources of RPA comprise or which incomes majoritarian MPs had.
