The Central Bank of Armenia issued a commemorative medal dedicated to Pope Francis’ visit to Armenia, the slogan of which is “Visit to the first Christian Nation”, press service of the CBA informed reported. In 301 the Christianity became the state religion in Armenia which is associated with the name of St. Gregory the Illuminator.
How big is the market? The representative of Yandex, for instance, mentioned in his speech that there are about 25 thousand taxi service providers in Armenia, half of which isn’t registered. This, of course, is the result of their survey, and it’s difficult to say how close it’s to the reality.
According to the economist, tariff reduction will provide economy saving by AMD 8 billion, “The effect will simply be that. Saving of each family per month will comprise AMD 680-700. And we may give assessment from this, i.e. it’s not going to have essential impact on economy, as for pockets of citizens, it will nearly have no influence.”
“If we observe its structure, USD 130 million of that amount belongs to export from Armenia. Mainly industrial production is being exported. We have positive developments regarding some countries, in particular, Iraq and China. We have 30-40% growth to these countries, which is quite positive, and this agreement is directed to regulation of relations from the standpoint of investments,” he said.
“Despite difficult external conditions, implementation of the program is quite satisfactory, major part of purposes has been fulfilled,” IMF Deputy Managing Director Mitsuhiro Furusawa explained the resolution of the directors.
“The Government has also defined recommendations to undertake necessary measures and to settle the issue it negotiated with donor enterprises on account of the fact, that involved loans shouldn’t exceed USD 30 million and their return should be implemented in the period of 25-30 years,” the Deputy Minister said.
And this, of course, can’t be positively accepted by the society and the business. This assessment of “positive influence on incomes” or increase of tax burden, basically, was the most sincere confession by the representative of economic bloc. Prior to that, when criticism was heard that the Tax Code doesn’t contribute to the development of economy, but was preventing it, respective bodies disagreed, saying it was a document based on balance model.
Number of vehicles possessing APPA contracts as of 31 April, 2016 comprises 438420, drivers of which paid AMD 8 billion 166 million 367 thousand. As compared to the same period of the previous year increase in number of vehicles is being recorded by about 4500, however, payments by drivers decreased by AMD 270 million.
According to the Deputy Minster, the program consists of two parts: a road with a length of 92km, and 3 tunnels will be rehabilitated, which were constructed in the Soviet period, however, from the very first moment they weren’t meant for lorries, some part (38 km) is totally in poor condition, which will be rehabilitated, in other parts partial improvement will be implemented, and the part near Georgia, rehabilitated by Lincy Foundation, will be changed.
The deputy chairman assured that overwhelming majority of offers by the public sector was approved. In response to discontent, that offers were approved, however, Mirumyan didn’t approve that the National Assembly sent the draft bill upon its initial variant. In his words, agreement was reached around 4 issues.
